13-10-2010, 01:24 AM
(This post was last modified: 13-10-2010, 01:25 AM by confused_newbie.)
Hi everyone,
1) , I want to say thank you to everyone for replying.
2) I want to highlight that I am not specifically looking for a professional licensed financial planner opinion. If you are one and wish to give as one great! ,But I would specifically like your own personal opinion based on your own planning and views as a laymen etc... I want to get the diverse view of the community and then take as an additional input.
So, please feel free to give your personal views and your are definitely not accountable for the decisions I make on my planning.
3) Let me answer the questions that D.O.G. , M.W. and others asked. Please feel free to ask me if I have missed out anything.
1. Nature of job held by self and spouse - Me - Creative / Design field - Creative Director . Spouse - IT support.
2. Salary (ballpark) of self and spouse - Me - 6500 (Nett) , Spouse - 3000 (Nett)
3. Monthly household savings - 6000
4. Current net worth and breakdown (bank, stocks, bonds, property etc)
- Singapore Stocks : S$311375 : US Stocks - S$ 18155
- Cash reserved for investments = 13712
- NZ FCFD = 41000
- Emergency Fund = 50000
- Savings = 43000
- No Bonds & No property ( Living rent free )
- Number of children and their ages - 1 child. Hoping to have another. Age - 2 yrs old.
- University type ( The type is left to the child to decide, I would give then a fixed 200,000 if we decide or cannot have more than 1 child. If we are given the gift of having a 2nd child then , it would 100,000 each. )
- The money is 200K in future dollars.
- do you wish to leave anything to the children? - I do not intend to leave anything, but help them if I can along the way, only if I can. If there is remainder, I will leave to them. If not, nope. Probably the house I live in.
Again, I just want highlight I want to get the views of the community, I am not specifically looking for a license person to answer me. It's not that I am going to just follow everything that everyone says, its just an additional input to my views.
Thank you you all for your input and views.
1) , I want to say thank you to everyone for replying.
2) I want to highlight that I am not specifically looking for a professional licensed financial planner opinion. If you are one and wish to give as one great! ,But I would specifically like your own personal opinion based on your own planning and views as a laymen etc... I want to get the diverse view of the community and then take as an additional input.
So, please feel free to give your personal views and your are definitely not accountable for the decisions I make on my planning.
3) Let me answer the questions that D.O.G. , M.W. and others asked. Please feel free to ask me if I have missed out anything.
1. Nature of job held by self and spouse - Me - Creative / Design field - Creative Director . Spouse - IT support.
2. Salary (ballpark) of self and spouse - Me - 6500 (Nett) , Spouse - 3000 (Nett)
3. Monthly household savings - 6000
4. Current net worth and breakdown (bank, stocks, bonds, property etc)
- Singapore Stocks : S$311375 : US Stocks - S$ 18155
- Cash reserved for investments = 13712
- NZ FCFD = 41000
- Emergency Fund = 50000
- Savings = 43000
- No Bonds & No property ( Living rent free )
- Number of children and their ages - 1 child. Hoping to have another. Age - 2 yrs old.
- University type ( The type is left to the child to decide, I would give then a fixed 200,000 if we decide or cannot have more than 1 child. If we are given the gift of having a 2nd child then , it would 100,000 each. )
- The money is 200K in future dollars.
- do you wish to leave anything to the children? - I do not intend to leave anything, but help them if I can along the way, only if I can. If there is remainder, I will leave to them. If not, nope. Probably the house I live in.
Again, I just want highlight I want to get the views of the community, I am not specifically looking for a license person to answer me. It's not that I am going to just follow everything that everyone says, its just an additional input to my views.
Thank you you all for your input and views.