Originally Posted by
Reisor
To all readers and esp. those who have given good sound advice when I posted this several years ago.
I am grateful to all for the advice given and have taken the step back then to bite the bullet and kept both HDB and Pte Apt. The cash flow was tough but not impossible, just need to be vigilant to anticipate the need along the way.
I have since moved on because my Pte Apt was enbloc in 2017 (a very lucky timing too).
I paid 7% ABSD after purchasing a resale Pte Apt in the East.
However, I sold the HDB recently as well. A tough decision but went ahead due in part to end of tenancy, refund of ABSD (90k+) & most significantly because the unit has slightly less than 70 years left and will be even more difficult to move if it reaches 60 years lease (remember the words of MND minister).
In terms of financial obligations, we have no mortgages as current place is paid up. I am half a century this year.
Taking advice from the wise cbsh, we kept most of the returned funds in CPF to take advantage of their interest rate.
Personally, have no time and luck with equity investment thus far. Properties have been the most profitable since the 1st BTO purchase.
I shared this in the hope that those are still trying to do investment can learn something here.
I have also heard comments from younger colleagues about "being born at the wrong time"....."things were cheaper then".... and that boils down to some fundamentals about ourselves.... what we want and do we want it enough to work for it.
Thank you all for reading esp. those who gave the advice then. Good luck everyone.