Is it all right to be staying with your parents when you reach your thirties? Why I think I will be doing that and how independent am I?

I came across a lot of videos that talk about how more people in their 20s and 30s are choosing to stay with their parents especially after the pandemic. Definitely, this is partly due to the cost of property and the rising cost of rent and living especially in the cities. In Singapore, I don’t think it is strange to still be staying with your parents in your 30s as we do not have the mentality that you should leave your home at 18 and start living independently.

It has it’s pros and cons but it definitely depends on your family dynamics and how your relationship with your parents are. After all, the property is indeed your parent’s and so there are rules that will need to be followed and if you cannot take it, moving out is the best option but can be affected by financial issues.

I would say that family dynamics are different for every individual and I am lucky to be living with a family that is close and we do blend well together with my mum being very accommodating so for me, living with her is a pro compared to moving out. But in terms of being independent, I definitely am not. My laundry, meals and essential housekeeping is not being done by me, embarrassing but I like to enjoy this as much as I can haha. Eventually, I will need to start doing them but staying with my mum means she will do them for me, I used to do them occasionally when my mum was working but after she retired, she has been doing it.

Cost/Housing system

Singapore is unique as we are a city state so that means that everywhere is accessible. We do not have to move to another city within the country to work for example in USA, some will need to move from Idaho or Texas to New York or San Francisco because there might be better opportunities or the headquarter of the office might be there.

In this way, most of us in Singapore do stay with our parents till we are able to afford rent or until we get our own property. Rent in the city is always expensive compared to the suburban as we see in the world, that is the same in Singapore, with Singapore being small, the supply might be lesser and so landlords do have the upper hand unless in unique conditions.

There are also certain conditions to be able to purchase public housing in Singapore otherwise, private is the way to go but it is not easy to have the sum of money for mortgage. This all accumulates and I just find it easier to stay with my family for now.

Freedom/Own space

I think this is a huge reason why most people choose to move out especially since in Singapore, most of us stay in flats or condo units, space can be limited for a family unit. We saw this during the pandemic as many worked from home and realised how having your own space is important. Many younger folks found it impossible to concentrate on work while having their parents go about their lives at home too due to the pandemic.

For me, it was all right, it was mainly being cooped up at home that was the issue. I don’t have a huge family so space was sufficient for us. It is nice to have your own space, I have friends who have BTOs and renovated them very nicely with a study/gym room and gadgets in the kitchen like a dishwasher, I think it is the feeling of going home to a space of your own that people yearn for.

Having your own space also means you can do things your way like not washing your dishes straightaway or buying your own ingredients to cook or to drink and heading home anytime you want to.

Independence

Similar to the above, you find yourself having to do groceries, housework and making sure that things are working at home otherwise you are the one to suffer. Settling your meals are also an essential part especially if you do not live near any food establishments and is a homebody.

Overall

It is a cost and space issue and financials play a big part since the housing space in Singapore is unique and in most cases costly. I have to say that I am very much dependent on my family and if in any case I do move out in the future, I do find that I will feel very lonely so that will be something I will need to adapt to.

Other than that, I think most people are not moving out as coast of buying a property is much more difficult and lesser people are getting married so individuals are able to stay longer with their parents and at the same time keep their spending low.

Q4 Portfolio Review | Investments has hit $200,000

Woah, another ATH hit after the previous quarter, the later half of this year especially after September has proved the power of the Trump Trade. Euphoria has flooded the market and we can see that from Tesla to crypto which I hold in my portfolio.

My portfolio has hit ATHs and went down but it is overall still higher than when the year started, the volatility is still there as we see Bitcoin hit $100,000 for the first time and moving up before going down due FOMC Jerome Powell saying that there will be one less rate cut next year. Although I did not make life-changing money, many others in crypto has made it through memecoins and leveraging, I do feel happy with achieving a $200,000 portfolio faster than I predicted/expected. It is kinda scary too so I might take some profits and move them to index ETFs or REITs, it depends. I have shifted some BTC position to ETH as we anticipate the alt season but ETH has not yet shown much strength, we will observe the bitcoin dominance as we enter 2025. I don’t do memecoins although I know that the gains there are unimaginable but I want to be able to sleep soundly in the night.

Stocks

Tesla and QQQ carried the gains for my stock portfolio. I sold my Palantir position, where my average cost was $34 and sold them for $64. Regretted that as it has since gone up substantially, I sold that and placed it into Bitcoin so it has some profits as well. Not really thinking of rotating back as Palantir is now at about $80. Well, can’t capture all the gains so that’s how I console myself. With that, the overall stock market in terms of index ETF has been great, I hold QQQ, CSPX and Tesla so pretty happy with the performance. Monthly I am just adding CSPX and saving more cash on the side.

Crypto

Crypto has been a whirlwind of emotions, we hit $100,000 twice and beyond but fell back below. Trump has not taken office and we can see the excitement for crypto as some promises were made including having a Bitcoin reserve but we will have to see if they come true. It has dropped a little since reaching it’s all time high but it has increased overall year to date. No adding any positions here right now.

REITs

REITs has been losing out in action compared to my stocks and crypto positions. It has actually decline and the portfolio value is now lower than the total capital that I injected in meaning I am losing money, including my dividends. This is a long term portfolio so I think there is no need to focus on the short term, so still contributing a small amount monthly to this.

Overall

The portfolio increased about 65% from last year’s ending value of $111,232.

Read more: End of Year Portfolio Review | Total Investments hits $100,000, marching towards $150,000 by end of 2024

There were substantial amount of capital injections but the last few months really accelerated the growth of the portfolio with crypto and Tesla. The FOMC meeting on 18 Dec confirmed one last rate cut of 25 bps for 2024 but in 2025 reduced the 3 rate cuts to 2. Many seem to be really bullish for 2025, from Tom Lee to Bitwise and Cathie Wood but we shall thread slowly and see. No leverage on my portfolio, only spot positions.

My friends have been doing options trading buying calls and puts but I think overall it is tiring and if in my case, I prefer doing cash secured puts means selling a put but it would require capital especially if you do it on stocks that you want to have. So for now, I am not dabbling into options in this volatile situation.

Overall, going into 2025, I am holding more of a wait and see position. Most people have a bullish outlook especially people with cryptocurrencies but no one knows if it will really turn out bullish, so let’s wait and see.