Where do people in Singapore with high pay park their money? In Singapore or offshore? - Seedly
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Anonymous

Asked on 06 Jun 2019

Where do people in Singapore with high pay park their money? In Singapore or offshore?

Just curious where people with high salary in Singapore would choose to invest their money in.

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Bang Hong
Bang Hong
Level 6. Master
Answered on 06 Jun 2019

With a Private Banker with a lot of private placement, some in properties (SG and overseas).

If we are looking into Minister kind of pay capability, they could be consider HNWI and the options they have are boundless, each investment might be in millions.

The answer is always a mixture , both in Singapore and offshore although it doesnt really feed your curiosity.

Everyone have a different game plan and some might be heavily into stocks , some in property (SG/overseas), etc. But they shouldnt differ too much on the types, except for the weightage. Like I would expect most HNWI would have a few ULs policies.

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👍 4

It depends on how they use their pay. There are people earning a million a year but only have 50-100k cashflow surplus while some earns 200k and have 50k to 100k surplus too.

As for ultra High-Net Worth individuals, their monies will definitely be diversified across the 6 major asset classes

Cash

Bonds

Equities

Commodities

Properties

Insurances/UL

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👍 3
Loo Cheng Chuan
Loo Cheng Chuan
Level 6. Master
Answered on 10 Jun 2019

People with high salary not necessarily equals to people who are rich. Many people with high salary have high expenses resulting in them being wealth poor.

You might be surprise, but many rich people that I encounter with high wealth have ordinary salaries.

But it one thing for sure, people with high wealth, mostly put them into income producing assets.

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👍 2
Jeff Yeo
Jeff Yeo, amateur Social contributor at School of social sharing
Level 7. Grand Master
Answered on 10 Jun 2019
  • Open a premier banking account with a local bank, buy investment grade bonds at 350K a pop

  • buy a property locally and overseas

  • investment into different currencies

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👍 1
Samuel Chin
Samuel Chin
Level 4. Prodigy
Answered on 10 Jun 2019

They definitely understand diversification and allocate their assets in different areas - stocks, mutual funds, insurance, vehicles, real estate, business interests and many others.

Each of them are of different asset class that serves different purposes. So each person’s % allocation will vary. Like maybe life insurance for leveraging, stocks for liquidity etc. Each asset class has its pros and cons so generally see how’s the person’s risk appetite.

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👍 1
Cherie Julianne Tan
Cherie Julianne Tan, Former Content Strategist at Seedly
Level 6. Master
Answered on 10 Jun 2019

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👍 1
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered on 07 Jun 2019

Properties for the win!

Definitely properties and offshore accounts :D

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👍 1
Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 9. God of Wisdom
Answered on 06 Jun 2019

Stocks, property, private equity. and i guess much more...maybe got swiss bank too

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👍 1
James Yeo
James Yeo, Founder at SmallCapAsia.com
Level 5. Genius
Answered on 06 Jun 2019

I believe its offshore. And in properties. Thats how they will siam all the keyboard warriors and disgruntled peeps in sg. Hahha

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👍 1
Wnk
Wnk
Level 4. Prodigy
Answered on 06 Jun 2019

Property!!!

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👍 1

I think overseas property q popular! And maybe birkin bags ba like Jamie Chua?

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Mei Yee
Mei Yee
Level 3. Wonderkid
Answered on 10 Jun 2019

Property

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👍 0
郭远星
郭远星
Level 2. Rookie
Answered on 10 Jun 2019

Sgx

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Edison Pua
Edison Pua
Level 3. Wonderkid
Answered on 10 Jun 2019

If high enough net worth, probably with a home office or private bank

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👍 0
Anne Neo
Anne Neo
Level 2. Rookie
Answered on 10 Jun 2019

Property, stocks and shares

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👍 0
John Michael Mangahas Lapiña
John Michael Mangahas Lapiña
Level 2. Rookie
Answered on 06 Jun 2019

Invest in Stocks, attend (link hidden)

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👍 0