Sabbie Clutched July 7, 2011 Share July 7, 2011 I had slogged in a low paying s--t job for the past 7 years, I do not buy expensive cars so I can save more money, I finally saved up about $300K. I decided to keep $100K as my emergency fund and retirement fund which I will not touch. So I am left with $200K to invest, I hope and wish to grow this money into $400K in the next 3 years, since I heard that there are many experts and gurus here, I sincerely seek your advice to grow my $200K. Trolls, please do not flame me, this is my real life story and I heard that they are many rich people here so I am just seeking advice. ↡ Advertisement Link to post Share on other sites More sharing options...
T711 1st Gear July 7, 2011 Share July 7, 2011 I would put it into a safe Singapore bond. double your money in 3 years, that would mean putting it into riskier investments. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged July 7, 2011 Share July 7, 2011 Go trade options - can bring your money from $200k to $2000k in lest than 1 year. But you also must be prepared to lose all. Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic July 7, 2011 Share July 7, 2011 depend how are u going to face the loss... if u dont feel so sad about losing 200k, then i suggest u play stock but if u feel damn sad, cant eat sleep or eat when lose ur 200k, then go for government bond. remember: the higher the return, the higher the risk.... Link to post Share on other sites More sharing options...
Sabretan 4th Gear July 7, 2011 Share July 7, 2011 (edited) No head no tail very difficult to advice. But one thing for sure is don't seek advice from financial planner or banks' relationship manager. Coz they r out to earn sales commission, else they got nothing to live on. 100k as ur buffer is a good start. 200k to grow into 400k in 3 years time falls more into more aggressive investment type (200k in 3 years). IF u want more returns, u got to be prepared for more risks. but u need to change ur outlook in life first. 7 years n u managed to save 300k, and u claim it is a low paying sh-t job. 300k cash mind u. Provide more backgrnd abt ur preference for the bros here to advise. usual disclaimer applies. Edited July 7, 2011 by Sabretan Link to post Share on other sites More sharing options...
Rubberstamp Neutral Newbie July 7, 2011 Share July 7, 2011 I had slogged in a low paying s--t job for the past 7 years, I do not buy expensive cars so I can save more money, I finally saved up about $300K. I decided to keep $100K as my emergency fund and retirement fund which I will not touch. So I am left with $200K to invest, I hope and wish to grow this money into $400K in the next 3 years, since I heard that there are many experts and gurus here, I sincerely seek your advice to grow my $200K. Trolls, please do not flame me, this is my real life story and I heard that they are many rich people here so I am just seeking advice. buy a commercial property Link to post Share on other sites More sharing options...
Mits_jc 5th Gear July 7, 2011 Share July 7, 2011 What kind of s--t do u do for a "low paying job" that pays u ~3.5k every month, assuming u started off with no savings, you don't spend any money at all and there isn't any salary increment for the last 7 yrs, u still managed to save $300k over 7 years... Is really buay pai... U stay in a cave and eat grass and tree bark every day? *salute* I had slogged in a low paying s--t job for the past 7 years, I do not buy expensive cars so I can save more money, I finally saved up about $300K. I decided to keep $100K as my emergency fund and retirement fund which I will not touch. So I am left with $200K to invest, I hope and wish to grow this money into $400K in the next 3 years, since I heard that there are many experts and gurus here, I sincerely seek your advice to grow my $200K. Trolls, please do not flame me, this is my real life story and I heard that they are many rich people here so I am just seeking advice. 1 Link to post Share on other sites More sharing options...
Mits_jc 5th Gear July 7, 2011 Share July 7, 2011 Same sentiments, thread starter is not simple.. No head no tail very difficult to advice. But one thing for sure is don't seek advice from financial planner or banks' relationship manager. Coz they r out to earn sales commission, else they got nothing to live on. 100k as ur buffer is a good start. 200k to grow into 400k in 3 years time falls more into more aggressive investment type (200k in 3 years). IF u want more returns, u got to be prepared for more risks. but u need to change ur outlook in life first. 7 years n u managed to save 300k, and u claim it is a low paying sh-t job. 300k cash mind u. Provide more backgrnd abt ur preference for the bros here to advise. usual disclaimer applies. Link to post Share on other sites More sharing options...
Rubberstamp Neutral Newbie July 7, 2011 Share July 7, 2011 I had slogged in a low paying s--t job for the past 7 years, I do not buy expensive cars so I can save more money, I finally saved up about $300K. I decided to keep $100K as my emergency fund and retirement fund which I will not touch. So I am left with $200K to invest, I hope and wish to grow this money into $400K in the next 3 years, since I heard that there are many experts and gurus here, I sincerely seek your advice to grow my $200K. Trolls, please do not flame me, this is my real life story and I heard that they are many rich people here so I am just seeking advice. also suggest you put 50K of your emergency money into your SA account. and buy a good hospitalization plan and a term plan Link to post Share on other sites More sharing options...
Strangest Neutral Newbie July 7, 2011 Share July 7, 2011 Low paying sh1t job and still u can own a car, and save 300k in 7 yrs... Some of us here work our whole life and still wont be able to save that much... So what do u call that kind of job then? Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged July 7, 2011 Share July 7, 2011 What kind of s--t do u do for a "low paying job" that pays u ~3.5k every month, assuming u started off with no savings, you don't spend any money at all and there isn't any salary increment for the last 7 yrs, u still managed to save $300k over 7 years... Is really buay pai... U stay in a cave and eat grass and tree bark every day? *salute* Tio Bay Pio also must report to you izzit ? Link to post Share on other sites More sharing options...
Sabbie Clutched July 7, 2011 Author Share July 7, 2011 also suggest you put 50K of your emergency money into your SA account. and buy a good hospitalization plan and a term plan I already upgraded my hospitalization plan to the best and I am covered for 500K Link to post Share on other sites More sharing options...
Jasonjst 3rd Gear July 7, 2011 Share July 7, 2011 buy a commercial property Why ? But make sense Link to post Share on other sites More sharing options...
Latka 1st Gear July 7, 2011 Share July 7, 2011 Wait for property market prices to re-trace then buy. Can get rental income as price appreciate. Link to post Share on other sites More sharing options...
Sabbie Clutched July 7, 2011 Author Share July 7, 2011 buy a commercial property can you teach me how to avoid paying 7% gst on commercial property? Link to post Share on other sites More sharing options...
Sabbie Clutched July 7, 2011 Author Share July 7, 2011 What kind of s--t do u do for a "low paying job" that pays u ~3.5k every month, assuming u started off with no savings, you don't spend any money at all and there isn't any salary increment for the last 7 yrs, u still managed to save $300k over 7 years... Is really buay pai... U stay in a cave and eat grass and tree bark every day? *salute* I go to work, eat $3.50 lunch, and go home everyday for dinner, no holidays no gf no women either maybe a few FLs Link to post Share on other sites More sharing options...
Sabbie Clutched July 7, 2011 Author Share July 7, 2011 Wait for property market prices to re-trace then buy. Can get rental income as price appreciate. property prices unlikely to go down in the short term unless there is another financial crisis i think Link to post Share on other sites More sharing options...
Sabbie Clutched July 7, 2011 Author Share July 7, 2011 No head no tail very difficult to advice. But one thing for sure is don't seek advice from financial planner or banks' relationship manager. Coz they r out to earn sales commission, else they got nothing to live on. 100k as ur buffer is a good start. 200k to grow into 400k in 3 years time falls more into more aggressive investment type (200k in 3 years). IF u want more returns, u got to be prepared for more risks. but u need to change ur outlook in life first. 7 years n u managed to save 300k, and u claim it is a low paying sh-t job. 300k cash mind u. Provide more backgrnd abt ur preference for the bros here to advise. usual disclaimer applies. ok I think I am quite risk averse and of cos this 200k is what I feel I can set aside for investments since I am keeping 100K as a standby cash....but I realise that I do not wish to wait so long to grow my money with inflation rate so high, my savings is losing purchasing power ↡ Advertisement Link to post Share on other sites More sharing options...
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