I now own more than S$100,000 worth of liquid assets

• RETARDED_MORON

  5 Dec 10, 19:25

  My Financial Successes

  -21 years old now, third-year NUS law student on full, bond-free scholarship (no NS either), technically also CEO of a tech startup.

  -Saved a lot since first year in university. Worked some as well. Monthly expenses are below $100 every month. Have free accommodation (scholarship recipient). Have scholarship allowance. Have parent allowance (no big handouts here, just enough to cover/supplement typical living expenses).

  -Invested most of my savings in one stock in fall of 2008. Second round of investment in early 2010, in the same stock (price was good then). Stock still doing well. Counter went rather crazy the other day (KLSE counter), causing my net worth to exceed S$100,000. Not sustainable, yes. But still an achievement in itself.

  -Basically more than tripled my base capital since 2008.

   

  My Financial Failures

  -Started a scalable software product company in middle of 2010. Never really took off, but still working hard at it. Can be considered a failure, at this point. Launched a product, struggled for adoption. Launching another product soon. A huge, huge time commitment, since prototyping software and getting feedback is time-intensive. This is my "the Social Network" sort of gamble, only that I'm already aware of such a thing long before the movie was released.

  -Invested in AUD at the end of 2008. Despite a small profit, the opportunity cost was huge. Same with my unit trust investment (DWS mutual fund).

  -Bought a bunch of domain names hoping to resell them for a profit. Never happened. But I never made the effort to look for buyers either.

   

  Yes, I'm bragging, because I'm fairly proud of my successes *and* failures.

• Devil7030

  5 Dec 10, 19:59

  The two brothers of Beeconomics made $24,000,000 in six months and the younger brother is also an undergraduate.

• ChoCoChips

  5 Dec 10, 20:01

  nxt time mus 跟你讨教几招
• dechang

  5 Dec 10, 20:39

  this is retarded moron's success or he copied and paste this article from somewhere?

• Rock^Star

  5 Dec 10, 22:07

  while $100,000 at age of 21 is a laudable feat, I dun see the point in bragging. I have seen much much......much better stuff with my own eyes.

• PedoBear

  6 Dec 10, 09:23

  i am an FT who came here to study at age 17
  grad from NUS with a bach of law LL.B at age 21
  Have been working+saving like hell for the past 5 years

  Currently at age 26
  Savings at about $400k
  CFP at about $250k

  Planning to retire next March, surrender my PR, take out my CPF

  addendum
  - currently have no debt
  - scholarship bond with Singapore is to work for 3 years in Singapore after grad
  - was not involve in the recent stock market crash unlike many of my friends as I do not believe in investments, only in hardwork and in frugal living
  - no house or car in Singapore but have a family home + several family cars back home
  - only child
  - monthly expenses at about $1k, inclusive of rent
  - no credit cards

  Note: all liquid assets are earn through my own hard work and does not include any hand outs.

• likeyou

  6 Dec 10, 09:57

  So there is a motive behind for all those prs.

  Save, close cpf account, clean up their arss, say good bye and thank you the moroon for giving me chances to suxk the money out from your country.

  Thank you.

• PedoBear

  6 Dec 10, 10:25

  Originally posted by likeyou:

  So there is a motive behind for all those prs.

  Save, close cpf account, clean up their arss, say good bye and thank you the moroon for giving me chances to suxk the money out from your country.

  Thank you.

  
  actually thats not my initial plan when i first came here but

  1. the citizens became hostile towards FTs and even new citizens

  2. the govt initiate reforms that made being a PR a disadvantage

  3. rumours that CPF will collapse in the next 30-40 years - if lucky

  what do you expect me to do?
  its not that i didnt try to intergrate
  i intergrated so well that most people do not know i am an FT if i did not tell them
  i speak singlish so well that my family commented my standard of english have deteriorated since coming to Singapore.

• eagle

  6 Dec 10, 10:31

  Originally posted by RETARDED_MORON:

  My Financial Successes

  -21 years old now, third-year NUS law student on full, bond-free scholarship (no NS either), technically also CEO of a tech startup.

  -Saved a lot since first year in university. Worked some as well. Monthly expenses are below $100 every month. Have free accommodation (scholarship recipient). Have scholarship allowance. Have parent allowance (no big handouts here, just enough to cover/supplement typical living expenses).

  -Invested most of my savings in one stock in fall of 2008. Second round of investment in early 2010, in the same stock (price was good then). Stock still doing well. Counter went rather crazy the other day (KLSE counter), causing my net worth to exceed S$100,000. Not sustainable, yes. But still an achievement in itself.

  -Basically more than tripled my base capital since 2008.

   

  My Financial Failures

  -Started a scalable software product company in middle of 2010. Never really took off, but still working hard at it. Can be considered a failure, at this point. Launched a product, struggled for adoption. Launching another product soon. A huge, huge time commitment, since prototyping software and getting feedback is time-intensive. This is my "the Social Network" sort of gamble, only that I'm already aware of such a thing long before the movie was released.

  -Invested in AUD at the end of 2008. Despite a small profit, the opportunity cost was huge. Same with my unit trust investment (DWS mutual fund).

  -Bought a bunch of domain names hoping to resell them for a profit. Never happened. But I never made the effort to look for buyers either.

   

  Yes, I'm bragging, because I'm fairly proud of my successes *and* failures.

  Congrats!

   

• eagle

  6 Dec 10, 10:33

  Originally posted by PedoBear:

  i am an FT who came here to study at age 17
  grad from NUS with a bach of law LL.B at age 21
  Have been working+saving like hell for the past 5 years

  Currently at age 26
  Savings at about $400k
  CFP at about $250k

  Planning to retire next March, surrender my PR, take out my CPF

  addendum
  - currently have no debt
  - scholarship bond with Singapore is to work for 3 years in Singapore after grad
  - was not involve in the recent stock market crash unlike many of my friends as I do not believe in investments, only in hardwork and in frugal living
  - no house or car in Singapore but have a family home + several family cars back home
  - only child
  - monthly expenses at about $1k, inclusive of rent
  - no credit cards

  Note: all liquid assets are earn through my own hard work and does not include any hand outs.

  Congrats too!

  If you were a Singaporean guy, 5 years of work would put you near 29-30 years old.

   

• deathmaster

  6 Dec 10, 17:04

  Originally posted by RETARDED_MORON:

  My Financial Successes

  -21 years old now, third-year NUS law student on full, bond-free scholarship (no NS either), technically also CEO of a tech startup.

  -Saved a lot since first year in university. Worked some as well. Monthly expenses are below $100 every month. Have free accommodation (scholarship recipient). Have scholarship allowance. Have parent allowance (no big handouts here, just enough to cover/supplement typical living expenses).

  -Invested most of my savings in one stock in fall of 2008. Second round of investment in early 2010, in the same stock (price was good then). Stock still doing well. Counter went rather crazy the other day (KLSE counter), causing my net worth to exceed S$100,000. Not sustainable, yes. But still an achievement in itself.

  -Basically more than tripled my base capital since 2008.

   

  My Financial Failures

  -Started a scalable software product company in middle of 2010. Never really took off, but still working hard at it. Can be considered a failure, at this point. Launched a product, struggled for adoption. Launching another product soon. A huge, huge time commitment, since prototyping software and getting feedback is time-intensive. This is my "the Social Network" sort of gamble, only that I'm already aware of such a thing long before the movie was released.

  -Invested in AUD at the end of 2008. Despite a small profit, the opportunity cost was huge. Same with my unit trust investment (DWS mutual fund).

  -Bought a bunch of domain names hoping to resell them for a profit. Never happened. But I never made the effort to look for buyers either.

   

  Yes, I'm bragging, because I'm fairly proud of my successes *and* failures.

  hmm, i thought 2 yrs ago, people below the age of 21 are not allow to own stocks?

• Hitman 778

  6 Dec 10, 17:11

  $100,000 earned every year?or total effort is only $100,000?i prefer it to be continous really....and how come all the gains seem to be gambling and speculations n investing???

  if thats the case..u should have very little to be proud of.i suggest u go be a professional gambler...

• Hitman 778

  6 Dec 10, 17:14

  he invested...or gambled  all his pocket money that he got from mom n dad?is that what education in spore has taught yung folks to become????

  sheesh,.,,,spore is in far worse shape than i thought with this type of  scholars!

• Askingyouto

  6 Dec 10, 17:16

  Originally posted by PedoBear:

  
  actually thats not my initial plan when i first came here but

  1. the citizens became hostile towards FTs and even new citizens

  2. the govt initiate reforms that made being a PR a disadvantage

  3. rumours that CPF will collapse in the next 30-40 years - if lucky

  what do you expect me to do?
  its not that i didnt try to intergrate
  i intergrated so well that most people do not know i am an FT if i did not tell them
  i speak singlish so well that my family commented my standard of english have deteriorated since coming to Singapore.

  Thank you for screwing our backsides beside the PAPist.

  I don't blame you, the PAPist wanted clever but yet political naive people to support their regime anyway, If I were you I would do the same thing, one man against the whole system is impossible, just get away and remember, even in your own country, citizenship comes with responsibilities, the locals here including me never cared to really push for changes to happen here, thus having a tragedy of the gov replacing its' own people for PAPist party survival, and worst still with many more locals oblivious to it.

  I think your "incest" series that you posted somewhere quite good.

  Live well and prosper and carry this tale of a tragic nation to anyone who cares for a bedtime story.

   

• Hitman 778

  6 Dec 10, 17:17

  why dun he go traffuic dugs and invest in drug cartels and become a drug baron by age 21 instead??!!not much difference really....cept drug dealers earn more n deal with bigger cash and have worldwide connections even without the internet.

  thats what yer education has turned u into!!a gambler and a future potential of a gang leader in drugs and other shadow activities.

  some scholar u turned out to be......there are very bright people with degrees and ened up becoming world class porn stars earnin millions....when is yer turn?

• Hitman 778

  6 Dec 10, 17:20

  if u said u setup a factory.....i would respect u.....but u end up as a gambler.....as a scholar it seems u learnt nothing or education has taught u almost zero.why bother educating u ???u can go sell n buy used underwear or sometjing.

   

• Veggie Bao

  6 Dec 10, 17:32

  Congratulations, uncle is very proud of you.

  Continue with your drive and ambition, and I am sure you will do well.

• likeyou

  6 Dec 10, 18:17

  Originally posted by PedoBear:

  
  actually thats not my initial plan when i first came here but

  1. the citizens became hostile towards FTs and even new citizens

  2. the govt initiate reforms that made being a PR a disadvantage

  3. rumours that CPF will collapse in the next 30-40 years - if lucky

  what do you expect me to do?
  its not that i didnt try to intergrate
  i intergrated so well that most people do not know i am an FT if i did not tell them
  i speak singlish so well that my family commented my standard of english have deteriorated since coming to Singapore.

  So you are going to surrender your pr next yr march?

• PedoBear

  6 Dec 10, 18:26

  Originally posted by likeyou:

  So you are going to surrender your pr next yr march?

  
  leaving singapore next march

  most likely surrendering my pr in feb

   

  if surrender pr in march might kena income tax for no reason

• likeyou

  6 Dec 10, 18:34

  Since you gonna go out of spore, I wish you good luck bro!

   

• PedoBear

  6 Dec 10, 19:15

  Originally posted by likeyou:

  Since you gonna go out of spore, I wish you good luck bro!

   

  
  thanks

   

• Rooney9

  6 Dec 10, 19:18

  so are you becoming big headed? seems like you are.

• Lokey

  6 Dec 10, 20:17

  Originally posted by RETARDED_MORON:

  My Financial Successes

  -21 years old now, third-year NUS law student on full, bond-free scholarship (no NS either), technically also CEO of a tech startup.

  -Saved a lot since first year in university. Worked some as well. Monthly expenses are below $100 every month. Have free accommodation (scholarship recipient). Have scholarship allowance. Have parent allowance (no big handouts here, just enough to cover/supplement typical living expenses).

  -Invested most of my savings in one stock in fall of 2008. Second round of investment in early 2010, in the same stock (price was good then). Stock still doing well. Counter went rather crazy the other day (KLSE counter), causing my net worth to exceed S$100,000. Not sustainable, yes. But still an achievement in itself.

  -Basically more than tripled my base capital since 2008.

   

  My Financial Failures

  -Started a scalable software product company in middle of 2010. Never really took off, but still working hard at it. Can be considered a failure, at this point. Launched a product, struggled for adoption. Launching another product soon. A huge, huge time commitment, since prototyping software and getting feedback is time-intensive. This is my "the Social Network" sort of gamble, only that I'm already aware of such a thing long before the movie was released.

  -Invested in AUD at the end of 2008. Despite a small profit, the opportunity cost was huge. Same with my unit trust investment (DWS mutual fund).

  -Bought a bunch of domain names hoping to resell them for a profit. Never happened. But I never made the effort to look for buyers either.

   

  Yes, I'm bragging, because I'm fairly proud of my successes *and* failures.

  I am happy for you. I hope that you find your life worthwhile. 

  I have been working in the hospital and I have seen people who are died at birth to old age. People die at the age of 22 years old too. Enjoy your life and dont get obsessed with money. 

  My friend is an instant vice-CEO of a construction company in Singapore after he graduated from NTU. How to compare? 

  Just enjoy your life, when you can. You never know when you are going to die in the first place. 

• DailyFreeGames.com

  6 Dec 10, 20:38

  All I wanna say is... http://valuethewebsite.com/www.dailyfreegames.com =)
• dechang

  6 Dec 10, 22:34

  Originally posted by Lokey:

  I am happy for you. I hope that you find your life worthwhile. 

  I have been working in the hospital and I have seen people who are died at birth to old age. People die at the age of 22 years old too. Enjoy your life and dont get obsessed with money. 

  My friend is an instant vice-CEO of a construction company in Singapore after he graduated from NTU. How to compare? 

  Just enjoy your life, when you can. You never know when you are going to die in the first place. 

  I hope that you find your life worthwhile too.

  You may die an even horrible death than those that you see at the hospital