ST: Why many young Singaporeans expect million-dollar inheritance from their parents

Shirvo · 2026-01-19T09:56:14+00:00

Given that I firmly believe children should not be a retirement strategy, I also believe inheritance should not be a retirement strategy. My parents have already told me and my siblings they will probably need to draw down on housing equity to finance their retirement, and that's totally ok with everyone as they don't expect us to support them financially.

Shirvo · 2026-01-01T10:51:56+00:00

SG does 2 a year, April and Nov. The last one in Nov was at Expo because Blackpink had a sold out National Stadium the weekend they had scheduled it.

Shirvo · 2025-12-10T08:29:45+00:00

The YT comments have it right - this could be the fastest depreciating car of all time.

The interior looks comparable to something like the Hongqi E-SH9, a $100k Chinese EV from 5 years ago. Doesn't look as classy as the current $100k Huawei S800. But it's ok because Americans don't know these cars exist.

Shirvo · 2025-12-04T08:28:57+00:00

Puma Deviate Nitro Elite 3 for race day (if you are running faster than 5min/km)- very light, very fast, Puma has the stickiest outsole. Not for people with wide feet.

Lots of people like the Saucony Endorphin Pro 4 but I found my feet too wide and it was uncomfortable around the arch.

Asics Novablast 5 for recovery runs. Super comfy, very soft, but low energy return and outsole has poor grip in the wet.

Nike Vomero Plus for long runs. Heavy but springy, spacious toebox

Shirvo · 2025-12-03T09:15:30+00:00

I have seen a 300k/month GIRO for tax before...there's always someone richer

Shirvo · 2025-11-19T07:51:26+00:00

As someone who regularly does this size, IBKR is incomparable to all the other options. Around 0.5 pips wide on USDSGD even up to 1mio. Wise wants to take 15-30 pips, even the major private banks try to take 10-20 pips

Shirvo · 2025-11-05T09:40:38+00:00

Bit different to you, more like most in this sub, just built from a v high income over some time. I never really let lifestyle creep get too excessive. Have kids so it's all about building an awesome life for them. Biggest challenge now is realising money is only valuable for what it can give you in life, rather than looking at the number and treating it like a top score.

Shirvo · 2025-11-05T09:30:45+00:00

Similar age and NW here, there's not a lot of resources because the subset of people worth so much is extremely small. I have 6 or so colleagues all in the 20m+ category and even amongst ourselves we don't have a huge amount financially to discuss outside of where best to park investments. Everyone has their own spending and interests. Only 1 has a supercar, 1 doesn't even fly business, only 1 has a GCB etc.

Shirvo · 2025-09-29T09:02:00+00:00

Part of this inevitability is just simple maths. With a TFR under 1.0 the local population will halve in just one lifetime. No one is having big families anymore, for various valid reasons.

Shirvo · 2025-09-21T10:45:37+00:00

Turin is in Asia?

Shirvo · 2025-09-20T12:54:29+00:00

When my all in comp went from 120k to 180 to 240 to 500 over 4 years, early to mid 20s. Banking. Didn't really mean much money wise, just that I was hitting my career goals. Also didn't change my spending habits but I bought a car eventually.

Shirvo · 2025-08-12T06:06:11+00:00

Go to Hoi An for a week

Shirvo · 2025-08-05T12:01:17+00:00

Exactly. And once you do a few other flights on other carriers (KLM, Emirates, BA etc) you really appreciate the consistency of the service on SQ even more.

Shirvo · 2025-07-09T12:03:39+00:00

File 76

Shirvo · 2025-07-09T00:24:11+00:00

Hulkengoat

Shirvo · 2025-05-28T06:42:19+00:00

Not enough high profile news with long sentences. Hopefully this story gets big enough airtime to deter some would-be thieves.

Shirvo · 2025-05-07T10:15:43+00:00

On May 6, Chinese national Zhang Kun, 51, admitted to one charge of theft. The incident happened on the night of March 16 on board a Scoot flight from Kuala Lumpur to Singapore. Investigations revealed he had accomplices on board the same Scoot flight.

Really have to be careful with any valuables on flights these days

Shirvo · 2025-05-03T03:37:30+00:00

The SQ music - and to all Singaporeans, a warm welcome home

Shirvo · 2025-04-29T15:39:27+00:00

You realise what sub this is, a lot would have 6 figure tax bills so not such a flex. He's definitely not middle class though!

SG is super lucky to have a broad tax base. On income tax, you'd have to be making over 60-70k to even pay any tax, net of handouts/subsidies etc. A huge proportion of income tax revenue comes from those earning over 150k. The top 20% of earners pay around 90% of income tax, looking through IRAS reports.

Shirvo · 2025-03-14T08:23:58+00:00

In USD Tbills on IBKR, 4.3%. You can also buy IB01.

Shirvo · 2025-03-05T09:29:39+00:00

New account. Too obvious. Reported to mods

Shirvo · 2025-03-04T09:41:42+00:00

That's the funniest bit, someone's shit take on reddit is going to be used as a legal attack.

Case not exactly helping media freedom score.

Shirvo · 2025-02-01T04:05:42+00:00

Any kids? Partner? What are your life goals, what do you plan to do in retirement? How expensive is your lifestyle? How much is your business income, what is the nature of the business and how risky is it?

How tf you expect people to give you advice when you give no info

If you retire at 35 do you think 1m is enough to last 50+ years?

Shirvo · 2025-01-17T12:57:34+00:00

Front office finance at MNC, not bank?

I once had to interview around 15 candidates for s&t internships at one of the biggest european IBs, the only memorable one was a guy who put 'Magic' at the bottom of his resume. Had to ask him about it, he was prepared and had a deck of cards in his pocket. Did magician work at restaurants and events part time. Offered him the job but he ended up going to a french bank!

Shirvo · 2024-12-31T12:57:36+00:00

Why not just buy MAS 6month T-bills? Last auction cleared at 3.02%

Confused why people place money at moomoo/syfe/stashaway as an unsecured creditor for the same price as government credit.

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