Sunday, July 7, 2013

Is it possible to hit S$100K on your portfolio by the age of 30?

Today on Sunday Times, there is an article on whether it is possible to hit S$100K on your portfolio by the time you age 30 years old. There have been some intense discussion on FB on whether this is plausible or not, and to most extent external factors such as the age you start working or the income you earn do play a part in it. To me, it is possible and I am going to list a few of my fellow blogger and friend's stories who have been there and done it.
 
Drizzt - ~ Blogger of the widely known investmentmoats earns S$4k/month on his active income. He is currently single and saves 50% of his income which translates to about S$2k/month or S$24k/year. His investment motto has always been on good investment moats companies with decent risk vs reward yield returns. Extensive research was done on the companies he purchased which he often shared on his blog. He has managed to hit a 6-sum portfolio figure by the age of 30.
 
Uncle CW888 - An experienced investor who has been through multiples bull and bear cycles of the stock market. His resilient buy and hold picks on some of the biggest conglomerates such as Keppel, DBS and SembCorp over the past 10 years have earned him huge returns on his investments. He chooses to focus on a few stocks in his portfolio but monitor it closely with his eagle hawk eye everyday.
 
SMOL - A carefree man who is currently on a sabbatical leave from work (I've always envied him). At 42, he has gone through the bull and bear cycles of the stock market and is someone who has a vast investing experience and not shy from sharing his experience with the others. Again, he is someone who has been there and done it before.
 
AK71 - Another popular blogger who has earned 6-digits of passive income per year but choose to live as frugally as ever. He often blogs about how reducing your expenses in addition to managing good portfolio income is often a sure way of achieving financial freedom. He should have bypassed a 7-digits portfolio by now.
 
DW - His blog name says it all. A blogger who has achieved high personal success from investing in REITS and dividend paying companies. Through his dedicated investing in income yielding companies, together with his frugal savings attitude, it is always cashflow coming in rather than the opposite.
 
Mr. IPO - A blogger who uses his SRS fund to purchase good stocks which yields income. Not only does he manages to earn the returns from his investments, the SRS funding has also allowed him to reduce his overall taxes on it. Definitely something to consider of.
 
To achieve financial freedom, the beginning is always the hardest. But one traits in common which all the above blogger had achieved and successfully done is that they have "started" on their journey. Never say never in life and never count luck out of your way, for a dream can become a reality in a matter of a lifetime. Have you started on your journey?




20 comments:

  1. Replies
    1. Hi Uncle CW

      I guess the figure keeps pumping up and the great and unfortunate thing about money is perhaps it can go up to unlimited.

      Delete
  2. Hi,

    May i know where this discussion on facebook is? I had earlier wrote an article very similar to the one of the ST.

    http://financialcontemplates.blogspot.sg/2013/06/make-5-year-plans-for-your-retirement.html

    The Local Banker

    ReplyDelete
    Replies
    1. Hi local banker

      The discussion in fb is in the sgx stocks and shares chatgroup.

      You had a great writeup about this topic than st which I feel goes to a deeper extent. I like your blog and passion. It looks great.

      Hope to see you around more ;)

      Delete
    2. This comment has been removed by the author.

      Delete
    3. Hi B,

      Thanks for the encouragement. I usually put my best effort whenever i'm writing articles. I'll go check out the discussion.

      You keep up the good effort too!

      Delete
  3. errr.... but i not 30 leh... i was actually thinking about whether i had $100k when i hit 30... let me think harder and see if can blog about it. hahaha. the answer is probably NO.

    ReplyDelete
    Replies
    1. Hi mr ipo

      Don't worry about it. You will reach there definitely by the time you age 30 judging from the way you invests on your current portfolio at the moment ;)

      Delete
  4. Err. Your timing a bit salah. Hahaha I am already more than 30s :-P

    ReplyDelete
    Replies
    1. Sorry. I guess I was confused about what you wrote.

      Delete
  5. say so much how come didnt talk about yourself!!!

    ReplyDelete
    Replies
    1. I did before in my previous posting

      Delete
  6. Hmm... How about spending on a wedding or buying a HDB. I believe after these are factored in it its going to look a lot harder.

    Furthermore these are short term commitments. Sigh... Perhaps another tip should be stay single?

    ReplyDelete
    Replies
    1. I guess it takes proper planning to stage something as big as a wedding and starting a family.

      And yes you are right. Delaying your marriage until you are ready just by a year can make a huge difference financially in your life. So staying single for a little while more has its own merit.

      Delete
    2. But, if really want to get married and have kids, don't delay too long.

      No joke when one in his 60s and kids are still in Secondary school.

      Delete
  7. Hi B,

    If we increase income, reduce expenses and invest for higher returns, we are on our way to financial freedom. It requires a very long time horizon (for most of us) to see significant results and this is where many are stumped. Some are outright sceptical and some get discouraged but if they look at how many have done it before, they will realise it is definitely achievable. :)

    ReplyDelete
    Replies
    1. Hi AK

      I think they need to know that it is tangibally possible to do it before they are convinced to do so themselves. At least it is for some of my friends who still think it's mission impossible ;)

      Delete
  8. B,

    I think you have my age mixed-up with AK's.

    I am 46 years young this year; born in 1967 - the year The Beatles released Sgt. Pepper's Lonely Hearts Club Band.

    Still handsome, just as long you look beyond the bald head, pot-belly, and my toad face.

    LOL!

    ReplyDelete
    Replies
    1. Hi SMOL

      Ahh my bad for getting your age wrong on this. At least I managed to pick out abyounger age otherwise you would hv layed a sword on me right ;)

      Delete

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