tag:blogger.com,1999:blog-7944902213075756335.post4013845126729229661..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Slaving to stay in a condominium. (Sanity check in the comments section. Please read.)AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-7944902213075756335.post-21037593742101400652018-06-30T15:02:00.111+08:002018-06-30T15:02:00.111+08:00Siew Mun Kwan says...
I downgraded to stay in a H...Siew Mun Kwan says...<br /><br />I downgraded to stay in a HDB, debt free. With no mortgages my CPF is growing speedily and contributions will max out. I took advantage of the G subsidy such as conservancy rebates. I think I pay lesser in maintenance fees.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34677124378182957802014-04-30T09:38:41.318+08:002014-04-30T09:38:41.318+08:00YueJer Lee: if you want an acquisition warchest, t...YueJer Lee: if you want an acquisition warchest, then liquidate unit trusts. Cos when it's time to acquire, stocks are down and unit trusts would be down too, leaving you less acquisition capital.<br /><br />- Commented on my FB wall.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57197038408902876602014-04-29T22:32:13.202+08:002014-04-29T22:32:13.202+08:00Home is where you should be living, and planning t...Home is where you should be living, and planning to live in. If it's for investment, the idea is to get a second home. Never use your current house as a collateral to leverage for another property, the risk you are taking is really unnecessary. <br /><br />To liquidate unit trusts (whether making $$$ or not), if the unit trust returns some profits year-on-year, why liquidate? It is an The Portfolio Managerhttps://www.blogger.com/profile/00599612325244682276noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41950887674731554012014-04-29T11:08:07.553+08:002014-04-29T11:08:07.553+08:00Hi David,
Breaking down the situation you have at...Hi David,<br /><br />Breaking down the situation you have at the moment, we will have to ask:<br /><br />1. Whether we are comfortable with having debt? If not, clear the debt right away.<br /><br />2. If we are comfortable with having debt, does it make sense to pay down the debt in full now? It would make sense if we are not able to generate higher returns than the cost of debt with the money AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88935849834859083752014-04-29T10:46:07.565+08:002014-04-29T10:46:07.565+08:00HI AK
just asking for your thoughts. Right now, t...HI AK<br /><br />just asking for your thoughts. Right now, the MRS and I are planning to clear the final amount of our HDB- think it's about 40K. The idea was not to pay anymore interest to HDB, and secondly it allows us to plan a war chest for acquisitions (property) or other investments. However my wife is thinking of liquidating some unit trusts besides using savings to clear the loan. Is Davidhttps://www.blogger.com/profile/11920464781307509226noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18619385477360578272013-01-25T21:04:02.399+08:002013-01-25T21:04:02.399+08:00Hi Cory,
I was under the impression that your blo...Hi Cory,<br /><br />I was under the impression that your blog was a secret blog that is out of bounds to the public. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50968669496547795252013-01-25T20:52:49.466+08:002013-01-25T20:52:49.466+08:00The monthly increase and absolute interests due to...The monthly increase and absolute interests due to interest rates can be found in my blog. :)<br /><br />http://corylogics.blogspot.com/2013/01/1m-home-goal.html<br />Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20755967274619074142013-01-25T16:18:15.832+08:002013-01-25T16:18:15.832+08:00Hi yeh,
It would depend on what is the interest r...Hi yeh,<br /><br />It would depend on what is the interest rate on our housing loan. If it is under 2% per annum, would we give up the 2.5% interest paid on our OA to pay down the loan?<br /><br />It also depends on whether we can make our cash work harder. If the only form of "investment" we know is a FD that pays 1% per annum in interest, we are better off using it to pay down the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66422667796745291442013-01-25T15:49:40.216+08:002013-01-25T15:49:40.216+08:00Hi AK,
Me and my hubby still have outstanding loa...Hi AK, <br />Me and my hubby still have outstanding loan 300k. Our OA outstanding about 80k. Cash about 400k.<br />Do u advise us use our cash +cpf to clear HDB loan? Thanks. yehhttps://www.blogger.com/profile/12571111570066245051noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20651869257363259122013-01-25T09:51:04.705+08:002013-01-25T09:51:04.705+08:00Hi Endrene,
Oh, all of us get a bit mad when it c...Hi Endrene,<br /><br />Oh, all of us get a bit mad when it comes to money matters, especially those that involve a significant outflow of money. I know I do. ;p<br /><br />I am going to be lazy and tag this blog post, which I have already included in the right side bar, with the words <b>"Sanity check in the comments section."</b><br /><br />Of course, if I run out of things to write AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8249455979829468092013-01-25T08:26:04.767+08:002013-01-25T08:26:04.767+08:00Hey Gentlemen,
It was my bad! Confusing myself an...Hey Gentlemen,<br /><br />It was my bad! Confusing myself and others on the 'front loading'. Can't help being unintelligible when I was emotionally charged after thinking about the 5-digit sum that was 'robbed' from me every year at an interest rate of 5+% to 6+%! Haha.<br /><br />Cory made a good point. Absolute interest tends to be higher during initial years due to a biggerEYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20395642876169593712013-01-24T23:18:20.322+08:002013-01-24T23:18:20.322+08:00Hi Cory,
I was just trying to highlight that a la...Hi Cory,<br /><br />I was just trying to highlight that a large portion of our monthly repayment to the bank is made up of interest payment, especially in the initial years. Nothing more. :)<br /><br />Just in case people think that if the interest rate on their mortgage is 1.1% per annum and, therefore, the interest they pay on their 30 years loan of $1 million, for example, is $$11,000 in the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28328673561589480282013-01-24T22:23:32.511+08:002013-01-24T22:23:32.511+08:00I am kind of lost on the front load conspiracy ......I am kind of lost on the front load conspiracy .... :)<br /><br />The bank charge you what you borrowed. Since you owe the most principal in the earlier years, the absolute interests should be higher.<br /><br />Maybe I am missing something ... help me.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73771609198895308842013-01-24T13:24:10.968+08:002013-01-24T13:24:10.968+08:00Hi Endrene,
Thank you for reminding me to take re...Hi Endrene,<br /><br />Thank you for reminding me to take regular showers. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23995092888284073072013-01-24T13:19:59.742+08:002013-01-24T13:19:59.742+08:00Hey guys,
It's okay to look like a pauper not...Hey guys,<br /><br />It's okay to look like a pauper not please don't take it to the extreme and smell like one too! *FAINT*<br /><br />Hahaha...<br /><br />EndreneEYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51620306247868822282013-01-24T13:17:19.927+08:002013-01-24T13:17:19.927+08:00Hi Eugene,
It is probably a lot safer and less bo...Hi Eugene,<br /><br />It is probably a lot safer and less bothersome to look like a pauper too. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63457438775220551582013-01-24T13:03:50.126+08:002013-01-24T13:03:50.126+08:00Interesting comments about property and the mortga...Interesting comments about property and the mortgage payments - I learnt something new again from ASSI today haha. Thanks. <br /><br />I'd rather be a king on the inside but a pauper on the outside lol. <br /><br />Eugene<br /><br />EChttps://www.blogger.com/profile/16635975903862786130noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-23240865496154806832013-01-24T11:07:05.367+08:002013-01-24T11:07:05.367+08:00Hi Ray,
CCR = Core Central Region
RCR = Rest of C...Hi Ray,<br /><br />CCR = Core Central Region<br />RCR = Rest of Central Region<br />OCR = Outside Central Region<br /><br />You could use the Glossary from URA if you are interested to find out where they are: <a href="https://spring.ura.gov.sg/lad/ore/login/glossary.cfm?no=1" rel="nofollow">URA Glossary.</a><br /><br />Well, I have no doubt that there could be tens of different reasons to buy a AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32920022942030132442013-01-24T10:57:49.081+08:002013-01-24T10:57:49.081+08:00Hi SnOOpy168,
Amortization Calculator! That was w...Hi SnOOpy168,<br /><br />Amortization Calculator! That was what my banker told me too when I called her to find out how the calculations were made. Thanks for jogging my memory. :)<br /><br />Well, there will always be arguments about how good or how bad debt can be. I have concluded some time ago that it really depends on what gives us a peace of mind. Of course, this is not the most AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48668650441183628292013-01-24T10:50:46.959+08:002013-01-24T10:50:46.959+08:00Hi SGPunter,
I won't say a home "does&qu...Hi SGPunter,<br /><br />I won't say a home "does" generate cash flow. I would say that it "could" generate cash flow.<br /><br />It would depend on how willing are we to share our homes with outsiders.<br /><br />I think of it like dining with family members at a restaurant and having a stranger to join us so that he could help to defray the cost of the meal. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4685837245088435292013-01-24T10:42:04.437+08:002013-01-24T10:42:04.437+08:00Hi Endrene,
I know the feeling. I felt like I was...Hi Endrene,<br /><br />I know the feeling. I felt like I was being robbed by the bank as well! By the time I paid off my mortgage in full 3 years after TOP, interest rate on the loan was 5% per annum!<br /><br />I was lucky enough to get a pretty good deal on my most recent loan for my hut in the sky. Currently, it works out to be 1.07% per annum. However, like in your case, the interest portion AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42656648370432854232013-01-24T09:43:56.340+08:002013-01-24T09:43:56.340+08:00Sorry guys for being ignorant.
What's OCR? Doe...Sorry guys for being ignorant.<br />What's OCR? Does it stand for Orchard Road by any chance? ;D<br /><br />I think people buy condo not just for themselves but also their kids and even extended families to enjoy the facilities. That is somewhat selfless, if you think about how they work and save really hard to make others' life nicer.<br /><br />There are some who want a condo because, uRayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3987163124051007052013-01-24T09:31:23.409+08:002013-01-24T09:31:23.409+08:00well AK & EY
there is the little thingy calle...well AK & EY<br /><br />there is the little thingy called Amortization Schedule, which listed both the spilt of each payment into capital & interest. Easily done via some loan websites or a Amortization Calculator.<br /><br />Took advantage of HDB loan's partial capital pre-payment and top whenever I have leftover $ at the end of the month. Generously reduced the # of balance payment SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52784397217464971412013-01-24T09:08:41.667+08:002013-01-24T09:08:41.667+08:00Hi AK71,
Actually our homes does generate cashflo...Hi AK71,<br /><br />Actually our homes does generate cashflow, if we decided to rent out one or all of the unit. Thus it's an investment.SGPunterhttps://www.blogger.com/profile/11218447735583901807noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31711570161149921972013-01-24T08:17:00.200+08:002013-01-24T08:17:00.200+08:00Hi AK,
That's certainly a good strategy! Don&...Hi AK,<br /><br />That's certainly a good strategy! Don't fatten the bankers' bonuses anymore! (Yes, I'm a sour grape, very jealous of bankers. :P)<br /><br />People become aware of the front loading only when they receive their statements and if they'd bothered to look into it carefully. <br /><br />I wasn't conscious about it for my first home loan and didn't do the EYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.com