KR81 4th Gear September 10, 2014 Share September 10, 2014 The number of high net worth individuals, or people with investable assets of at least US$1 million excluding their homes, jumped nearly 5 per cent or 4,600 to 105,100, according to the latest World Wealth Report by consulting firm Capgemini and Royal Bank of Canada (RBC) released today. - See more at: http://www.straitstimes.com/news/business/economy/story/wealthy-ranks-swell-singapore-report-20140619#sthash.dnLla8NJ.dpuf Total population in 2013 is 5.4 million, making 105,000 millionaires barely 2% of population http://www.singstat.gov.sg/statistics/latest_data.html#14 Anyways, OT already. Back to topic at hand........... don't be a frog in a well. you chin chye take a stone throw also will hit a millionaire in sg. a million bucks isn't really a lot nowadays ↡ Advertisement Link to post Share on other sites More sharing options...
Little_prince Supersonic September 10, 2014 Share September 10, 2014 The number of high net worth individuals, or people with investable assets of at least US$1 million excluding their homes, jumped nearly 5 per cent or 4,600 to 105,100, according to the latest World Wealth Report by consulting firm Capgemini and Royal Bank of Canada (RBC) released today. - See more at: http://www.straitstimes.com/news/business/economy/story/wealthy-ranks-swell-singapore-report-20140619#sthash.dnLla8NJ.dpuf Total population in 2013 is 5.4 million, making 105,000 millionaires barely 2% of population http://www.singstat.gov.sg/statistics/latest_data.html#14 millionaires-table-1906.jpg Anyways, OT already. Back to topic at hand........... STI.png 2% of population still not a lot? that one out of every 50 guy you meet on the street is a millionaire? lol never mind lah. doesn't matter to me. i'm just a coolie. different social circles..... The Southeast Asian city-state has retained the honor of having the highest percentage of millionaires in the world, according to a new report from the Boston Consulting Group. Singapore had 188,000 millionaire households in 2011 – or slightly more than 17% of its resident households. Effectively, that equates to more than one in every six Singapore households having disposable private wealth of over US$1 million, excluding property, businesses and luxury goods. If those were included, it would likely push the number of millionaire households even higher, since property in Singapore is among the world’s most expensive. http://blogs.wsj.com/searealtime/2012/06/01/singapore-no-1-for-millionaires-again/ Link to post Share on other sites More sharing options...
KR81 4th Gear September 10, 2014 Share September 10, 2014 That was in 2012, dropped down to No. 8 in 2014 TOP 20 GLOBAL CITIES BY MILLIONAIRE DENSITY - FULL BREAKDOWN: 1. Monaco (29.21%) 2. Zurich (27.34%) 3. Geneva (17.92%) 4. New York (4.63%) 5. Frankfurt (3.88%) 6. London (3.39%) 7. Oslo (2.90%) 8. Singapore (2.80%) 9. Amsterdam (2.63%) 10. Florence (2.59%) 11. Hong Kong (2.58%) http://www.spearswms.com/news/revealed-cities-with-the-highest-percentage-of-millionaires-4323521#.VBACo3efUlQ Not part of the millionaires club also, but I find 2% to be a low figure. Double digit percentage would be high IMO. Regardless, can STI push to finish above yesterday's close???? 2% of population still not a lot? that one out of every 50 guy you meet on the street is a millionaire? lol never mind lah. doesn't matter to me. i'm just a coolie. different social circles..... http://blogs.wsj.com/searealtime/2012/06/01/singapore-no-1-for-millionaires-again/ 1 Link to post Share on other sites More sharing options...
Little_prince Supersonic September 10, 2014 Share September 10, 2014 number up to govt to say lah. i only know my bank account dun have so much nia. Link to post Share on other sites More sharing options...
Solar Turbocharged September 10, 2014 Share September 10, 2014 The report... does it take into consideration the liabilities.. like, taking loan for that property and is valued at 1 million. This type also consider into million dollar club ah? 2 Link to post Share on other sites More sharing options...
CH_CO 6th Gear September 10, 2014 Share September 10, 2014 (edited) don't be a frog in a well. you chin chye take a stone throw also will hit a millionaire in sg. a million bucks isn't really a lot nowadays Not a frog , having a million dollar house doesn't equate to having a million in assets/cash , i think it is easier to find a person with a million dollar debt than one with a million dollar cash. This one i can almost confirm. Ask anyone staying in a newly made condo , at least 1mil in debt plus if he owns a car even more. A million bucks isn't alot , but it doesn't mean u have it. Condos worth 1 million plenty but based on the count i give it 2/50 vs 10~20% private property staying(80% of singapore population in hdb if you want you can give and take abit) , isn't it clear? How about i challenge u , out of the many here , how many can take out 1 mil in cash as compared to how many which owes the 1 mil in loans. Take a stone throw leh. 1 out 50 is alot? out of this 50 , unless you tell me they don't owe banks any money else , for one millionaire i got 49/50 chance to find one which owes more than 1million. which one easier? No offense bro , i just trying to state the obvious. Edited September 10, 2014 by CH_CO 2 Link to post Share on other sites More sharing options...
KR81 4th Gear September 11, 2014 Share September 11, 2014 Typically, these reports do not include the value of the individual's primary home and net wealth is calculated after subtracting any liabilities The report... does it take into consideration the liabilities.. like, taking loan for that property and is valued at 1 million. This type also consider into million dollar club ah? 1 Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged September 11, 2014 Share September 11, 2014 Not a frog , having a million dollar house doesn't equate to having a million in assets/cash , i think it is easier to find a person with a million dollar debt than one with a million dollar cash. This one i can almost confirm. Ask anyone staying in a newly made condo , at least 1mil in debt plus if he owns a car even more. A million bucks isn't alot , but it doesn't mean u have it. Condos worth 1 million plenty but based on the count i give it 2/50 vs 10~20% private property staying(80% of singapore population in hdb if you want you can give and take abit) , isn't it clear? How about i challenge u , out of the many here , how many can take out 1 mil in cash as compared to how many which owes the 1 mil in loans. Take a stone throw leh. 1 out 50 is alot? out of this 50 , unless you tell me they don't owe banks any money else , for one millionaire i got 49/50 chance to find one which owes more than 1million. which one easier? No offense bro , i just trying to state the obvious. agree it is most likely easier to find a person with million dollar debt but that does not mean there isn't many millionaires in sg.... i feel 1 in 50 is alot.... but wonder how many are imported millionaires 1 Link to post Share on other sites More sharing options...
GLZT 6th Gear September 11, 2014 Share September 11, 2014 Eh how come this thread become talk about millionaire? So becoming of the property thread. 1 Link to post Share on other sites More sharing options...
Little_prince Supersonic September 11, 2014 Share September 11, 2014 Eh how come this thread become talk about millionaire? So becoming of the property thread. stocks and property are inter related mah. lol Not a frog , having a million dollar house doesn't equate to having a million in assets/cash , i think it is easier to find a person with a million dollar debt than one with a million dollar cash. This one i can almost confirm. Ask anyone staying in a newly made condo , at least 1mil in debt plus if he owns a car even more. A million bucks isn't alot , but it doesn't mean u have it. Condos worth 1 million plenty but based on the count i give it 2/50 vs 10~20% private property staying(80% of singapore population in hdb if you want you can give and take abit) , isn't it clear? How about i challenge u , out of the many here , how many can take out 1 mil in cash as compared to how many which owes the 1 mil in loans. Take a stone throw leh. 1 out 50 is alot? out of this 50 , unless you tell me they don't owe banks any money else , for one millionaire i got 49/50 chance to find one which owes more than 1million. which one easier? No offense bro , i just trying to state the obvious. aiya. different viewpoint lah. i'm just a poor coolie. can only envy those ppl stay big house. just have to be contented with my little pigeonhole. Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged September 11, 2014 Share September 11, 2014 stocks and property are inter related mah. lol aiya. different viewpoint lah. i'm just a poor coolie. can only envy those ppl stay big house. just have to be contented with my little pigeonhole. if yours is pigeon hole... mine is pee hole leh... knn Link to post Share on other sites More sharing options...
thaiyotake331 1st Gear September 12, 2014 Share September 12, 2014 zhi zhu chang le! Link to post Share on other sites More sharing options...
KR81 4th Gear September 16, 2014 Share September 16, 2014 http://www.cnbc.com/id/102000661#. U.S. stocks were mixed on Monday, with technology shares slammed ahead of Alibaba's planned debut later in the week, as investors unloaded high-fliers a day before the Federal Reserve starts a two-day policy session. "Today's the day when the Nasdaq is getting its due," said Bruce McCain, chief investment strategist at Key Private Bank, who noted that stocks leading the decline included "some of the names that have really run up the most." With the benefit of hindsight, ^this guy looks silly. Yahoo has cheonged in the last 2 months! 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic September 16, 2014 Share September 16, 2014 Too many tech stocks... Dangerous and hope history don't repeat itself.. Be careful, Bros Link to post Share on other sites More sharing options...
Wyfitms Twincharged September 17, 2014 Share September 17, 2014 1 Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged September 18, 2014 Share September 18, 2014 People who are looking bearish will naturally search for reports that supports bubble.. People who are bullish will naturally search for reports that supports growth.. Just do a search on both.. Plenty of both 3 Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged September 18, 2014 Share September 18, 2014 Too many tech stocks... Dangerous and hope history don't repeat itself.. Be careful, Bros history will always repeat.. What's your plan to capitalize them? Link to post Share on other sites More sharing options...
Ktglfc Hypersonic September 19, 2014 Share September 19, 2014 history will always repeat.. What's your plan to capitalize them? Sitting aside and sipping mile Anyway, just save some money for a rainy day, or many rainy days... and see how much your savings can be used :) ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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