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




...


...





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

"My wife says I should have balls of steel like AK."

Reader says...
I invested in Comfort before you but sold when stock price dropped so much because I thought would drop more.

Then, I could buy back at a lower price.

Till now, I am still waiting to buy back.

My wife told me I should have balls of steel like AK.

Haiz. How you do it?

AK says...
Alamak.

Balls of steel?

Sounds heavy and probably painful to walk around with too.

They might also rust and would need polishing.

Aiyoh, sounds like work.






I don't like pain and I don't like work even more.

Don't curse me leh.

Seriously, know what we are investing in and if we are sure it will pay dividends, all we have to do is to sit back and wait.





AK is super lazy and doesn't like moving around too much lah.

OK, if you are not too lazy, you might want to read the related posts at the end of this blog.

Ouch. Ouch! OUCH!





Related posts:
1. Mystical art of wealth accumulation.
2. Incomplete analysis of ComfortDelgro.
3. Patience is the hardest thing.

Could we be financially free by investing in Singapore only? (PART 2)

Reader says...
Notice that you only has local sg shares for income. Any reasons why not consider overseas shares to avoid the standard "home bias" portfolio allocation?

AK says...
Singapore has ample investment opportunities for the income investor in me.

This is partly also because I am not managing a large multi-million dollar portfolio.

I am not so rich. 😉

And it helps that I am not too greedy. 😛






Reader says...
But does it mean a lack of diversification in non sg assets?


AK says...
If you want geographical diversification, you can always put money in counters which have overseas businesses or assets. 

For a while, a big chunk of my money was actually in Japan if you remember Saizen REIT and Croesus Retail Trust, for examples. 

Even today, my portfolio has exposure to overseas investments if you look at my top investments. 😉

Reader says...
I see. First reit 🙂


AK says...
Even SingTel is not a 100% Singaporean 😉
Nor ComfortDelgro 😛


Reader says...
70% overseas singtel


AK says...
I try to keep things simple for my simple brain 😛





Related post
1. Could we be financially free by investing in Singapore only? (PART 1)