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YTD 2025 Networth tracking thread

revhappy

revhappy

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stanlawj said:
10k today in SG is like earning only 5k in 2005.

Starting pay for uni grads today should be 7k in order to match the equivalent 2005 dollars.

Wages are clearly not keeping up with inflation. Of course, govt and employers do not want to admit this. I always like to peg annual income as a % of private property price as a realistic guide.

With regards to currency, USD is now switching to be the strongest, but I think later it will switch to gold the strongest currency for the rest of the year into next year as majority of central banks around the world start to pivot one by one.
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The problem is the inflation and not the wages. Singapore attracts very very rich people from China, Hong Kong and Taiwan etc and that drives up the prices.

The productivity levels in Singapore is no match to western 1st world countries. So if salaries go up without the corresponding productivity gains, then those jobs are not sustainable.

Singapore doesn't complete with Europe or US. Singapore competes with India, Philippines and Vietnam, in terms of productivity levels.

Hence, I just feel in the long term Singapore will just lose out if they don't control this general inflation and corresponding wage inflation.
 
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Okenba

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revhappy said:
The productivity levels in Singapore is no match to western 1st world countries.

Singapore doesn't complete with Europe or US. Singapore competes with India, Philippines and Vietnam, in terms of productivity levels.
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I've always wondered why this is so? What is it that is missing in the SG equation?
 
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RedsYWNA

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sohguanh

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DevilPlate said:
https://worldpopulationreview.com/country-rankings/most-productive-countriesSo thats how they measure productivity?

Maybe Singaporeans work too long hours? Whahahaha
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It depend on the job role also. E.g if you are manager you do schedule, plan resources, meeting with external vendors etc. Once the initial busy period is over it is handed over to the tech and ground ppl to execute the plan. Then you periodically check on the progress and nip any potential showstopper in the bud if detected early. For such kind of role, there is a "lull" period. Likewise for tech and ground ppl once we complete our existing on-hand tasks we will wait for new tasks to do so we also have "lull" period. The roles that got no lull period is manager also do tech and ground ppl role aka one leg kick from plan conception to implementation etc all one person do.
 
revhappy

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I know about IT industry, but I believe it should be same across all industries. If you see in other western 1st world countries the IT jobs are done by daily contractors billed hourly and they make tonnes of money. This is true in Australia, UK, US. The IT contractors do magic in the hours they work. They cannot slack otherwise they don't get paid.

But Singapore is just like India and Philippines, most of the work done here is support and it done by Indians and Filipinos.

In the 2000s many banks made SG their back office because wages were low. But around 2014 Europe crisis, many banks like CS and Barclays moved their back offices to India.

Singapore wages don't justify the skill level of the workers. Unless white people who are really passionate about IT come here and work. But they won't come to Singapore. You have only Indians and Filipinos who want to come to Singapore. But now the costs have escalated so much even they don't want to come for 10k a month, because of the restrictions on schooling, housing and residency.
 
revhappy

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revhappy said:
Aug numbers in SGD terms:
YTD networth excluding new inflows = 10.68%
YTD networth including new inflows = 14.45%

Networth 1-Jan-2023 = 1.228 million SGD
Networth 31-Aug-2023 = 1.435 million SGD

Although global equities are down, my bond allocation is mainly Indian Rupee bonds, which have done well and rupee has been quite strong. My allocation to China although small, took a big hit, otherwise my performance would have been even better.
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Sep numbers in SGD terms:

YTD networth excluding new inflows = 9.82%
YTD networth including new inflows = 13.99%

Networth 1-Jan-2023 = 1.228 million SGD
Networth 30-Sep-2023 = 1.428 million SGD

My portfolio is down a bit this month, SGD fell by about 1% so that helped cushion the portfolio fall a bit. Now one more quarter left, hopefully we can have a year end rally.
 
Mephist0pheLes

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highsulphur said:
surprised to see housing contributes only 12% of total networth for you.

how old are you?

if you are below 30, you are holding on too much cash. Just put them into global equity etf and ride out for the next 25 years.
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i jus made my downpayment last month, so yea, it is low.

and for the cash portion, part of it will go to renovation, my upcoming wedding banquet, and after deducting emergency fund, the amount left is actually not alot, which i consider as dry powder if the mkt dip significantly.
 
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aamaterasu

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Any advice on how much cash to hold assuming my spouse and I wish to upgrade to a condo in like 5 years (no urgency)? Currently we invest about 25% of our savings. Rest of the money is just sitting in HYSA now.
 
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limster

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aamaterasu said:
Any advice on how much cash to hold assuming my spouse and I wish to upgrade to a condo in like 5 years (no urgency)? Currently we invest about 25% of our savings. Rest of the money is just sitting in HYSA now.
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At your current rate of earning and saving, you will be able to upgrade to a condo in 5 years.

if you are able to pick the right stocks, you will be able to upgrade to condo earlier than 5 years
If you pick the wrong stocks, you end up upgrading to condo later than 5 years

If you are really desperate to upgrade to condo earlier and prepared to take the risk that you might end up upgrading later, then go for it. If you are happy to upgrade in 5 years according to the current plan.. why take the risk?
 
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homer123

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I don't really know how to use XIRR..
For real time tracking, I only track simple one will be total current - total cost without accounting for dividend received or realized gain/loss in Yahoo Finance portfolio.. However to keep track of annual return.. I Keep track of starting valuation on 1st and last day of the year ,capital in /out which will include dividend received and realized gain/loss in a spreadsheet
 
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