This condo investment has also been a drag.

Reader says...

A lot of people like to buy property for investment only.

I don understand.

To get 4% yield is hard on properties





AK says...

I dun understand also. 😛

4% is a dream... 3% (gross yield) is already very good. 😉

And if cannot rent out, it is not 0% but negative because still must maintain. (Vacancy rate is so high now) 😛

Ask these people to buy Martin Modern by Guocoland, OK? 😛

http://www.martinmoderncondo.sg/

(Yes, I know. Bad AK! Bad AK!)







Reader says...
My mom 5 years ago bought a condo on impulse. 

The rental from initial $2,750 drop to current $2,200. 

Still must pay maintenance, property tax, tax on the rental income etc. 

Negative return.





AK says...

Aiyoh. 

Older folks even more so should be more conservative... 😞

(See related post #1 below.)






Related posts:
1. Condo investment is a drag.
2. Buy 2nd property and pay ABSD?
3. Bought multiple properties and...

https://singaporeanstocksinvestor.blogspot.com/2016/05/how-much-money-can-you-save.html

Time is precious and time will tell.

Reader says...
I just read about your post on ST engineering and how it funded your trips etc.

See:
Mystical art of wealth accumulation.

The importance of delaying gratification





When I tell people, sometimes they will say

"But what if the investment turn out bad how? 

"Might as well spend the money enjoy now?"





What will you say to them ah?

It happens to me quite often cos I don go travelling and save the money top up CPF, buy reits etc

Thank you as always. 🙂

AK says...
Someone on my FB wall just said CPF is PONZI again.

Let people say and do what they want.

We do what we feel is right and they do what they feel is right.

Time will tell and it certainly has been the case for me. 😉

Time is also precious (especially now that I need more time than ever for Neverwinter).

Don't spend it on people who do not wish to listen.

Yes, I know.

Bad AK! Bad AK!

I am scolding AK of ASSI hor. ;p




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Related post:
1. Building an income portfolio.
2. CPF is really a PONZI scheme.
3. Getting the stuff we want for free.