tag:blogger.com,1999:blog-7944902213075756335.post6771295132152176234..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): "How much money can you save?"AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-7944902213075756335.post-57066184964473672522018-07-30T13:23:48.184+08:002018-07-30T13:23:48.184+08:00Raymond Ng says...
He has -ve cashflow???
AK says...Raymond Ng says...<br />He has -ve cashflow???<br /><br />AK says...<br />Even with the lower housing loan interest rate in the first 3 years, yes, negative cash flow.<br /><br />Hogan Yeo says... <br />What happen to him nw?<br /><br />AK says...<br />Now? Must work because he has to and not because he wants to.<br /><br />Hogan Yeo says... <br />I believe majority sg ppl need to work too..<br /AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23778439513144203212018-07-30T12:56:20.209+08:002018-07-30T12:56:20.209+08:00It has been two years since I blogged about this.
...It has been two years since I blogged about this.<br /><br />He makes $5k to $7k a month, depending on commission. Single income.<br /><br />This 2nd property which is a $700K one bedroom RCR apartment is only able to fetch a monthly gross rent of $2,100 now.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34494705278696841012016-05-14T23:06:52.737+08:002016-05-14T23:06:52.737+08:00Hi Disclaimer,
I used to enjoy taking flights but...Hi Disclaimer,<br /><br />I used to enjoy taking flights but for many years now I have an aversion for flying. So, I don't fly as much as I used to. Fortunately for me, there is the Travel Channel on TV. ;p<br /><br />Stay imaginative! ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61075786505477659192016-05-14T21:46:41.231+08:002016-05-14T21:46:41.231+08:00You know AK I was thinking of going Europe. Then I...You know AK I was thinking of going Europe. Then I thought that I should check China since they copy everything. So I was surfing the web and now am starting to plan my trip when I am visiting China at the end off the year. Cheaper. Just need some imagination. Ha ha.Disclaimerhttps://www.blogger.com/profile/01385055472425179142noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69035118753652847062016-05-14T00:16:29.078+08:002016-05-14T00:16:29.078+08:00studies done on 100 elderly on their death bed.
ht...studies done on 100 elderly on their death bed.<br />https://www.youtube.com/watch?v=ja-n5qUNRi8<br /><br />whether it is real or its just motivational video, i dont know .torikohttps://www.blogger.com/profile/08376701954072555002noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86597656047729335952016-05-13T19:15:38.484+08:002016-05-13T19:15:38.484+08:00From my FB wall:
Tgie Tgie:
"There is a phas...From my FB wall:<br /><br />Tgie Tgie:<br />"There is a phase that says one will never think of why he never work harder on his death bed. I believe one will also never think of why he never save even more money on his death bed."<br /><br />AK: <br />"My grandpa said exactly that to my grandma on his deathbed and apologised to her...(This was more than 40 years ago.)"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67513930221340816742016-05-13T13:54:11.123+08:002016-05-13T13:54:11.123+08:00Hi Toriko,
If I were to make a guess, I would say...Hi Toriko,<br /><br />If I were to make a guess, I would say that things could go either way. ;)<br /><br />We could be hungrier than others and have a bigger appetite but whether we would be able to find more food than others is harder to say. <br /><br />Chinese have a saying:<br />Xiao(3) Xin(1) Shi(3) De(2) Wan(4) Nian(2) Chuan(2).<br /><br />I would rather be prudent and what I have today isAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57066743045797941042016-05-13T13:42:41.356+08:002016-05-13T13:42:41.356+08:00hi
ak71,
if you were to make a guess, which group...hi<br />ak71,<br /><br />if you were to make a guess, which group of businessman will end up with more money in this hypothetical scenario between 200 businessman who have a networth of 3-5million each and a yearly income of 400k where 100 businessman is extreme prudent and the other 100 enjoy spending 70% of his yearly income.(assuming both group never use any form of leverage)<br /><br />Is it torikohttps://www.blogger.com/profile/08376701954072555002noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77114294423262394012016-05-13T12:53:34.599+08:002016-05-13T12:53:34.599+08:00Hi Toriko,
I always say that we have to be carefu...Hi Toriko,<br /><br />I always say that we have to be careful with our CPF money. It is like a AAA rated bond that pays 2.5% per annum (for CPF-OA), risk free. If the plan involves using CPF-OA money, then, the rental yield must be much higher which is not the case here. Anyway, that is another topic.<br /><br />I mentioned that my friend already depleted his CPF savings and money in his savings AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65875128479585377012016-05-13T12:32:15.821+08:002016-05-13T12:32:15.821+08:00hi
ak71,
he can use his cpf to pay for the ...hi<br /><br />ak71,<br /><br /> he can use his cpf to pay for the monthly installment.If he ever get retrench, he can rent out the condo at $1200 (huge lowball) a month and work in macdonald or other instant job to fork out the extra $700 if need be while searching for a better job.Since he had his 1st property fully paid for, i agree this is more speculation.If we are talking about torikohttps://www.blogger.com/profile/08376701954072555002noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76906003524390034392016-05-13T12:06:40.610+08:002016-05-13T12:06:40.610+08:00Hi Toriko,
I shared this on FB just now:
"(...Hi Toriko,<br /><br />I shared this on FB just now:<br /><br />"(This second property) is more speculation than investment, imo.<br />Rental yield is very low and even if we could get a loan with interest lower than the yield, it is not a good idea... But if he likes the property for some reason, having the funds to pay off ASAP is prudent."<br /><br />To elaborate, I provided a link toAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78421730973603175442016-05-13T11:49:24.876+08:002016-05-13T11:49:24.876+08:00hi
ak,
If his 1st property is fully paid, his ...hi<br />ak,<br /><br /> If his 1st property is fully paid, his risk level is extremely low.His installment a month is roughly $1900+- on a 30 yrs loan.Since he will be using cpf for his installment every month.He can spend 100% of his salary every month yoloing for the rest of his life and the risk for that is still low.<br /> For people with more than 1M networth such as yourself.What do you torikohttps://www.blogger.com/profile/08376701954072555002noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52898808531254570782016-05-13T10:44:47.208+08:002016-05-13T10:44:47.208+08:00Hi Toriko,
I know for a fact that he makes $5k to...Hi Toriko,<br /><br />I know for a fact that he makes $5k to $7k a month, depending on commission. Single income. 1st property is fully paid.<br /><br />By my estimate, this 2nd property which is a $700K one bedroom RCR apartment is probably able to fetch a monthly rent of $2,200 now. This is likely to decline when the TOP is obtained 3 years down the road.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24435171498275740002016-05-13T10:17:41.367+08:002016-05-13T10:17:41.367+08:00AK,
He mention 2nd property so for him to be ...AK,<br /><br /> He mention 2nd property so for him to be able to afford 2nd property, i assume the family salary job pays at least 15-20k+++ combined due to tdsr? If so most of his cpf can easily cover his monthly installment + some topup from his salary if need be.2nd property usually means they also rent it out for $3k a month on a 1M condo.In this scenario, for him to be truly in trouble,2 torikohttps://www.blogger.com/profile/08376701954072555002noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64541830975702731102016-05-12T17:41:52.952+08:002016-05-12T17:41:52.952+08:00Hi Adrian,
I am sure that holidays are good to ha...Hi Adrian,<br /><br />I am sure that holidays are good to have if the money spent on them is not money that could be needed elsewhere or should be used elsewhere. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68885299562024938132016-05-12T13:54:42.592+08:002016-05-12T13:54:42.592+08:00I choose to think of holidays as an investment - a...I choose to think of holidays as an investment - an investment into relationships and memories with family. These things money can't buy. Having said that i normally fund it with passive income and clearly budget for it at the start of the year.Anonymoushttps://www.blogger.com/profile/03617426693178227657noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80924248059529252282016-05-11T18:42:59.424+08:002016-05-11T18:42:59.424+08:00Hi Matt,
Y.O.L.O. reigns supreme with many people...Hi Matt,<br /><br />Y.O.L.O. reigns supreme with many people.<br /><br />Some things are best taught by the School of Hard Knocks. <br /><br />Sounds masochistic? <br /><br />SMOL would approve! ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7504794431464877662016-05-11T18:40:49.338+08:002016-05-11T18:40:49.338+08:00Hi MK,
Hmmm... You make me feel like taking down ...Hi MK,<br /><br />Hmmm... You make me feel like taking down all my blog posts on saving money... -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57870451915885825522016-05-11T18:40:08.069+08:002016-05-11T18:40:08.069+08:00Hi SMOL,
I don't mind if people throw relativ...Hi SMOL,<br /><br />I don't mind if people throw relatively new LV or Gucci shoes at me. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34088806544261732722016-05-11T15:49:36.727+08:002016-05-11T15:49:36.727+08:00AK,
Haha, timely reminder. Back in 1990 just befo...AK,<br /><br />Haha, timely reminder. Back in 1990 just before I bought my first condo, I blew $6k on my first holiday, thinking I deserved it after saving for 5 years.<br />Little did I know that I would be buying a condo 3 months later. After I put my downpayment for the condo, I really regreted spending the money for the holiday. The $6k was almost 2% of the condo price. I took a personal loanMatthttps://www.blogger.com/profile/11468603013053235128noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29325915830844799252016-05-11T15:05:43.502+08:002016-05-11T15:05:43.502+08:00is good, is good.
if EVERYONE saves like U & i...is good, is good.<br />if EVERYONE saves like U & i... <br />1. how lar our businesses (stocks we own) make $?<br />2. higher competition for value prices in good businesses<br />3. aiya.. just not good lar, harder to make a living<br />:PMK - don't know much, want to learn morehttps://www.blogger.com/profile/16449491321693599489noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5714293766646868072016-05-11T14:48:04.535+08:002016-05-11T14:48:04.535+08:00AK,
I think we both have a masochistic streak in ...AK,<br /><br />I think we both have a masochistic streak in us.<br /><br />I like to "poke"; while you like to write posts that invite others to want to throw shoes at you ;)<br /><br />You shoe business at Sungei Road must be roaring!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com