tag:blogger.com,1999:blog-7944902213075756335.post7132579486348413584..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): The evil instalment schemes and their minions.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-7944902213075756335.post-553388722014796892018-07-30T14:11:32.200+08:002018-07-30T14:11:32.200+08:00I met an ex-colleague recently.
AK says...
Come, ...I met an ex-colleague recently.<br /><br />AK says...<br />Come, I buy you OCK curry puff and teh-o. Long time no chat.<br /><br />J says...<br />You buying of cos good lah.<br /><br />While munching OCK curry puff and sipping teh-o, J's phone rang.<br /><br />J looked a bit worried when answering the phone.<br /><br />"Yes. No. This month cannot. Next month, can?"<br /><br />When IAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2355230123459118362014-06-28T13:36:41.474+08:002014-06-28T13:36:41.474+08:00Hi E H,
Who said anything about Courts? Did I men...Hi E H,<br /><br />Who said anything about Courts? Did I mention Courts in my blog post sub-consciously? ;p<br /><br />I wonder too but it is one way they ramp up sales. In the event of defaults, they get to repossess the merchandise. It is not their job to ensure that customers are financially healthy, I guess. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-64415954877471913702014-06-28T13:03:49.660+08:002014-06-28T13:03:49.660+08:00I wonder if companies like Courts ever bother to c...I wonder if companies like Courts ever bother to check the financial bacgrounds of those whom they offer installment plans to.KChttps://www.blogger.com/profile/15681244843883578276noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76646679010997970402014-06-28T10:48:26.317+08:002014-06-28T10:48:26.317+08:00Hi Almond,
Thanks for reminding me. I started out...Hi Almond,<br /><br />Thanks for reminding me. I started out with the intention of simply agreeing with you but somehow my comment just grew into a monster that walked off the path. :(<br /><br />Please pardon my ageing brain. Cham liao. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83993635174496213692014-06-28T10:31:18.756+08:002014-06-28T10:31:18.756+08:00Hi AK,
I absolutely agree with you. Erm... Actual...Hi AK,<br /><br />I absolutely agree with you. Erm... Actually what I'm trying to say is that 0% interest installment is not as good as some people thought it to be due to perceived affordability. It tends to make (some) people spend more than they would have compared to a full payment purchase. :)Anonymoushttps://www.blogger.com/profile/05070374693337876005noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66851471175670493422014-06-28T09:59:05.933+08:002014-06-28T09:59:05.933+08:00Hi Almond,
With easier access to debt, it is safe...Hi Almond,<br /><br />With easier access to debt, it is safe to assume that the financially less prudent would be more likely to fall into a hole. Trapped into paying for the next 5 years for all the electronic appliances at home with no savings to speak of? Not a pretty picture.<br /><br />The financially prudent could calculate the benefits of such debt if they could use the money freed from AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2256486401756533862014-06-28T09:22:21.065+08:002014-06-28T09:22:21.065+08:00It's not the 0% interest installment per say, ...It's not the 0% interest installment per say, but the fact that people are more likely to purchase a $5,000 item with an installment plan compared to an outright $5,000 item purchase due to the perceived affordability. Anonymoushttps://www.blogger.com/profile/05070374693337876005noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89506430225026815282014-06-28T09:13:42.634+08:002014-06-28T09:13:42.634+08:00Hi LG,
I have never used one of those before. So,...Hi LG,<br /><br />I have never used one of those before. So, I don't know much about them. :(<br /><br />Generally, I am conservative when it comes to debt and try to avoid it especially in funding consumption items.<br /><br />I wrote a piece on this some time back: <a href="http://singaporeanstocksinvestor.blogspot.sg/2012/08/good-debt-is-always-good.html" rel="nofollow">Is good debt alwaysAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16234856459295148702014-06-28T01:57:33.146+08:002014-06-28T01:57:33.146+08:00What about those 0% installments from the credit c...What about those 0% installments from the credit card companies? Is it better that you're not paying upfront and therefore can put the as yet unused money to good use?LGhttps://www.blogger.com/profile/02795289386033011293noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8519656948294477782014-06-27T22:04:32.705+08:002014-06-27T22:04:32.705+08:00Hi Happy_heart,
The blog post was written in the ...Hi Happy_heart,<br /><br />The blog post was written in the way it was written to generate some discussion. ;)<br /><br />"In <b>general</b>, don't use tomorrow's money to pay for today's <b>consumption</b>."<br /><br />The words in bold are key to understanding what I am trying to put across. ;)<br /><br />I consider education an investment item, not a consumption item. <brAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61486989431536136392014-06-27T21:32:21.011+08:002014-06-27T21:32:21.011+08:00But I always do instalment for the courses I atten...But I always do instalment for the courses I attend,based on what I can do with the extra 1 or 2k,I could have use it to invest and earn some money.Happy_hearthttps://www.blogger.com/profile/09380526965361617645noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52984689110554523882014-06-27T21:16:26.516+08:002014-06-27T21:16:26.516+08:00Hi Dexter,
That is a perverse take on things. LOL...Hi Dexter,<br /><br />That is a perverse take on things. LOL. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79818206506163478262014-06-27T21:01:36.849+08:002014-06-27T21:01:36.849+08:00haha but tomorrow's money is worth less than t...haha but tomorrow's money is worth less than today's right XDDexter Choohttps://www.blogger.com/profile/02331859014909259557noreply@blogger.com