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Thread: Life is a struggle.You struggle ... again & again. And one day, you trumph

  1. #66


    Don't think got another 20-30 years to wait.

    Aiming to exit sit back and relax.

    My Boss share his 10 Keys to property investment.

    # Key 1:
    Start Early For a Longer Investment Horizon
    (Bought my first HDB in 1988 when I was 24)

    # Key 2:
    Do Not Wait to Save Enough for your Dream Home. That Usually Never Happens
    The whole idea is to gain a FOOTHOLD, no matter how small
    (No 20%, no CPF because Civil servant CPF super low.)

    # Key 3:
    Plan Ahead, Prioritize : Your Lifestyle
    Determines How Rich You Will Get
    (Borrow 6x my monthly salary to renovate and pay in installation.)

    # Key 4:
    Owning More than 1 Property
    Are you Smarter? Using OPM
    (Start to buy Private after buying my second HDB 10 years later in 2006)

    # Key 5:
    Leverage Acquiring More with Less
    (Start to Leverage after re programming myself using google and Youtube.)

    # Key 6:
    Buy It, Hold It. Using Time as an Ally for a Higher Rental Yield
    (Time is not on my side, got another 30 years to live if lucky. 8 more month to 55 years old)

    # Key 7:
    Buy at a Fair Market Price
    (All my private and HDB are new launch. 1988 4A 81K, 1996 5I 250K, 2006 2 Bedroom 958sqft 535K, 2011 3 Bedroom PH 1453sqft 1,305,800)

    # Key 8:
    Understand the Locality and Master Plan
    (Only understand go Hawker and wet market nearby good enough)

    # Key 9:
    Leasehold or Freehold? Does it Matter
    (99 or Freehold who cares, all my property 99 still loving it.)

    # Key 10:
    Buy Within Your Means, Do your homework
    (In Singapore you can buy still don't buy, there is nothing more I can say)

    Need help just call or whatsapp 87821025.

  2. #67


    Quote Originally Posted by cbsh38584 View Post
    The American has given Asia 40 yrs of prosperity since 1970s. Job hopping is so common in 80s.90s. Some of my friends job hopped >8 times. In the 80s/90s/early 2000s, we have the hard disk ,pager ($300 each) , Motorola V6 handphone , HP Optocoupler IC , fiber etc etc industries booming.

    O/T on Sun was 3x. pay. The rest was 2x pay for the booming hard disk surging demand. O/T >100 hrs/mth. In Motorola profit sharing was 12%-18% of the gross pay .Non-executive gross pay with O/T is 20% > mgr. Some of the senior oprs (Basic $800-$1k) gross pay with O/T > the engineer basic pay which create some unhappiness. My Motorola senior colleagues turned down the offer to be promoted to mgr which mean less 25% to 35% take home pay. At HP, there is also plenty of O/T due to surging demand for Optocoupler IC/Fiber. Miss shipment is common. One of my operator was able to buy a small land in Msia with many years of saving through plenty of O/T. Today, it is totally impossible even with O/T.

    Many things have changed after the once in a century US financial crisis in 2008/09. stagnant pay in some "sunset companies" , job security a problem for late 40s or early 50s employees, high cost of living (milk power), surging housing price , surging insurance premium due to high medical cost etc etc

    AI technologies
    Nearly 1 in 5 SG employees fears losing jobs to automation.In China, at Foxconn, which makes the iPhone. The robots have already replaced about 60k workers. More jobs will be loss by 2025 through automation.

    Protectionism - Global Trade war under Trump
    Trump trade wars with China , Canada , Japan & European union. Let just hope it will be escalated in a real trade wars.

    5G technologies - Everybody loves speed
    4G transfer speeds 1 ggb per sec. That means it takes about an hr to download a short HD movie

    5G transfer speeds 10-20 ggb per sec. That means a full HD movie can be downloaded in a matter of second

    China is aggressively developing 5G. The American wants to stop China .
    How does it affect you & me or Singapore as a country if 5G is avail by 2020-2025 ?

    Many bosses are using Whatapps to improve productivities & able to reduce redundant workers.

    Jobs securities - disruptive tech, relocation etc
    My friend (Single) was retrenched at age 51 as it was relocated to cheaper country. Many Interviews are a waste of time as most of the bosses prefer fresh & young. Just like men prefer to look for fresh & young girl. That how he feels.

    Terrorism in Singapore a long term threat

    Low birth rate in SG
    Japan's falling birth rate posing serious problems for economy
    By 2065, it is projected to drop to 88 million from 127 million (2017) if nothing is being done to increase it.
    FYI, Singapore birth rate is even lower than Japan. So SG needs to import immigrants which will cause a lot of unhappiness.

    金钱不是万能的 没有金钱是万万不能的
    Money is not everything no money is totally NO NO NO in SG

    人无远虑, 必有近忧
    If one has no long-term considerations, he can hardly avoid troubles every now and then.; He who has no anxious thoughts for the future will find trouble right at hand.; If a man is not farsighted, he is bound to encounter difficulties in the near future.; Those who do not plan for the future will find trouble at their doorstep.

    For high income earner, CPF (2.5% to 5%) is definitely the safest way to plan for your retirement. High interest rate & risk free guarantee by govt.

    To get better retirement return in the next 20 to 30 yrs, U cannot depend on your salary for retirement if you are middle or lower income group. U need to invest wisely. No greed , no speculative stock, no trading (in/out) of stock, no buying 4D/toto or smoking
    $100-300/mth etc.

    Buy when there is "blood in the street "or extreme fear in the mkt to come. You need ultimate patience to wait for the next crisis to come. It will definitely comes. Buy SG/China three big banks stock , Apple , Amazon , Google , Microsoft etc . Hold for long term 20-30 yrs. DO NOT monitor. Stay true to your investment for the next 20-30yrs.
    great sharing. the concerns are indeed real and things certainly are different from the pre lehman. many small companies are struggling to churn out profits. everyone needs to innovate in the new landscape to survive.

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