Cash on hand

[the bees]

What do you think should be the total cash amount to be kept liquid in banks?

The rest to be invested or used for other purposes.

 

[Thoreldan]

6-12 mths of expenses

 

[polyglob]

I have 30+K in cash now. My monthly expenses is around 1.5K

30+k is cash in savings account?

 

[karltansg]

1.5 as expenses quite low bro, in a month how many times do you go out?

 

[starlight318]

I keep 6 months expenses and invest the rest.

 

[limster]

1.5 as expenses quite low bro, in a month how many times do you go out?

your expenses depends on whether you are living with parents and whether you are supporting them.

got some earning $8k a month only give $100 a month to parents

 

[Thoreldan]

your expenses depends on whether you are living with parents and whether you are supporting them.

got some earning $8k a month only give $100 a month to parents

the future landed owner ?

 

[SBC]

Slightly > 30 mths of spending.

 

[BBCWatcher]

S$95K — not the relevant number! (argh!) — happens to be less than one year of income for the median working resident household in Singapore (Singstat, 2019), and that’s not even counting employer contributions to CPF.

 

[reddevil0728]

S$95K — not the relevant number! (argh!) — happens to be less than one year of income for the median working resident household in Singapore (Singstat, 2019), and that’s not even counting employer contributions to CPF.

did you reply to the wrong thread?

 

[Mr. Wood]

I eat out at restaurants weekly (mid tier places like Aston’s, Sushi Teh, Swensens - not the high SES stuff). Most of my expenses are on food. I don’t like travelling and I don’t like shopping/clubbing. I bought only 1 top this year and I’ve been wearing my shoes and carrying the same bag for 2 years. No car, take MRT. No alcohol no cigarettes. And I’m a sis

very rare
thrifty

 

[IcYFl4mEz]

I have 30+K in cash now. My monthly expenses is around 1.5K

In this case... 1.5k for food n traveling seems high for a pax

 

[bluecutie]

I keep like over 50% of my net worth in cash. But I did kind of cashed out a lot this year after taking profits these two months.

Happy to just let it sit as cash while I still have 2-3 main positions waiting to play out over the next few years and also using for some st trades when opportunity arises.

 

[polyglob]

Yes cash in savings account

Even if you are super conservative and don't want anything to do with the stock market, can consider keeping the 'tail end' of the 30k in FD. At least your money will work a little harder.

 

[the bees]

I think this is fine because this amount is meant to exclude amounts related to investments.

I keep like over 50% of my net worth in cash. But I did kind of cashed out a lot this year after taking profits these two months.

Happy to just let it sit as cash while I still have 2-3 main positions waiting to play out over the next few years and also using for some st trades when opportunity arises.

 

[Squaredot]

.......
I don't like shopping...I bought only 1 top this year and I’ve been wearing my shoes and carrying the same bag for 2 years....I'm a sis

This is indeed rare for a girl...

 

[havetheveryfun]

always keep warchest of 20-50% in cash to take advantage of market crash or weakness

 

[bluecutie]

Have a six figure sum in cash

Well actually not cash but in brokers account

Waiting to buy ant ipo

 

[Iamnobodyla]

Now so jialat u still dare to buy ?

Anytime China can make it crash

Have a six figure sum in cash

Well actually not cash but in brokers account

Waiting to buy ant ipo

 

[jywy2005]

I have 70% of cash in savings/FD account, the rest in equities.