tag:blogger.com,1999:blog-7944902213075756335.post4765370394034657198..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): Double dip recession or just very slow growth?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7944902213075756335.post-88775969965862076022011-09-25T22:37:05.049+08:002011-09-25T22:37:05.049+08:00Hi Marco,
Thanks for the information on loan rate...Hi Marco,<br /><br />Thanks for the information on loan rates in Malaysia.<br /><br />When I bought my first condo with my sister, we had not achieved HNW status. We pooled our savings and used our CPF money to plonk down the first 20% and the rest we borrowed.<br /><br />That was 9 years ago and that 20% was just a bit more than $100k. Looking back now, we were really of modest means and also AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12721265345916037382011-09-25T22:21:24.430+08:002011-09-25T22:21:24.430+08:00High FD rate comes with high BLR (6.6% in Malaysia...High FD rate comes with high BLR (6.6% in Malaysia).<br /><br />The mortgage interest rate is at BLR-2.X%, which is around 4.2% in Malaysia.<br /><br />Like you, I am investing for income. Will diversify to property upon achieving high net worth category.Marcohttps://www.blogger.com/profile/16887797151013544047noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-478189210821150992011-09-25T22:14:08.266+08:002011-09-25T22:14:08.266+08:00Hi Marco,
A client from Malaysia told me that he ...Hi Marco,<br /><br />A client from Malaysia told me that he is able to get 3% interest on his fixed deposit in Malaysia. You are lucky indeed. If I were able to get the same in Singapore, I would be quite happy.<br /><br />Unfortunately, with interest rate now at 0.05% per annum, we really must try to find investments which would work our money much harder in Singapore.<br /><br />U.S. companies AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2071877772647628372011-09-25T17:03:09.040+08:002011-09-25T17:03:09.040+08:00I'm collecting high yield REITs and Stocks (&g...I'm collecting high yield REITs and Stocks (>7%) as well as buying defensive properties counter that as long as the yield is more than 3%.<br /><br />I suppose the corporates and consumers spending in US and EURO zone has been prudent since 2008. The room for further decline in corporates & consumers spending shall be limited for these regions.Marcohttps://www.blogger.com/profile/16887797151013544047noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16871258290041312532011-09-25T13:47:56.590+08:002011-09-25T13:47:56.590+08:00Hi Calvin,
Well, I realise some time ago that Mr....Hi Calvin,<br /><br />Well, I realise some time ago that Mr. Market doesn't really care two hoots what I think. So, I just do what has to be done. ;p<br /><br />We have similar plans, it would seem. See what happens next and act according to plan. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40009862111322099152011-09-25T13:18:44.666+08:002011-09-25T13:18:44.666+08:00Hi AK,
I hardly think that there will be a double...Hi AK,<br /><br />I hardly think that there will be a double dip recession. If it does come though, I am all ready to pick up stocks and properties at a bargain.<br /><br />If nothing happens, well we just collect dividends and rent as per normal :)<br /><br />Calvin<br />http://www.investinpassiveincome.comCalvinhttp://www.investinpassiveincome.comnoreply@blogger.com