Each investor have their own risk appetite and investment preferences. Moral of the story is to have a balanced asset portfolio but keep some reserves as a buffer.Originally Posted by Vincegoh
Each investor have their own risk appetite and investment preferences. Moral of the story is to have a balanced asset portfolio but keep some reserves as a buffer.Originally Posted by Vincegoh
Log into cpf website and e-nets payment directly into your MA or into 3 accounts.Originally Posted by Nman
i dun hab 1 mil spare cash.. in fact i dun even haf 1 mil of net assets. lidat during your sharing party can i be the waiter and serve u & your guests drinks (so hopefully can gather some snippets of investment wisdom)?Originally Posted by Laguna
this statement i agree wholeheartedly.Originally Posted by proper-t
Yes. But i will gladly leverage when comes to property than these.Originally Posted by Vincegoh
dun really understand the logic of your argument. seems emotionally driven.Originally Posted by Rosy
if A = B and A = C, why will B > C?
anyway, everyone gotch their own preferences lah.
I learnt a lot from my own mistakes and passing on my experience to my children.
There are 3 types of investors
1. anticipate the change and invest
2. participate in the change and invest
3. did not know the change and invest
(I cannot remember the correct wordings...)
That is why I read widely now, the number in itself is meaningless, and too many numbers and facts and clouds around....
U need to read in depth the numbers and interprete them carefully to make a move.
It is different.Originally Posted by Vincegoh
Property mortgage loan having the least risk of bank calling for topping up.
However, beware of equity loan if you refinance your property.
If you are single and has a roof over your head, use the money to go enjoy all the good things that life gets to offer, and keep some in safe reserve/life insurance.
Why worry so much about LH or FH bricks and get chained down.
Tomorrow may never come.
One mistake ppl make is risk must be assessed individually i.e. risk is relative, not absolute
For Laguna, leverage bond or REIT may be of little risk to him it could be very risky for another person
I find it funny also ppl rather pay their insurance agents/companies and get locked in 30-40y to see non-guaranteed 4% pa return compared to putting a fraction of their income into CPF SA which could be tax exempted
Ride at your own risk !!!
we can go into a much longer and detailed discussion on this.. but i guess i will respect we have our differences in opinion. all the best!Originally Posted by Rosy
any investment vehicle has its risks; property has its downsides too.Originally Posted by proper-t
i, for one, will definitely not park my monies in CPF SA. it's just giving HO HO Ka-CHING more resources to flush down the drain with stupid investments. then all the government needs to do is up the withdrawal age, raise the minimum sum limits and come up with another cock program, e.g. annuity. all that's left is a sum of money that you can see on paper, but can't touch
insurance (excluding investment linked), serves alternative purposes vs CPF SA.Originally Posted by phantom_opera
every type of investment carries it's own pros n cons. end of day, it's being able to evaluate each objectively and also making sure u assign the correct values to each pro & con (based on your own perspective and life) and making the correct allocation in accordance to these principles.
so, everyone could have different allocations and all will be right. but one thing that i cannot accept nor comprehend is putting all eggs into 1 singular entity just becos one can't wrap their heads around other alternatives. need to have an open mind...
As a trader, leverage is the norm.Originally Posted by phantom_opera
I did not leverage heavily this round for the REIT and bonds...
One thing good about these two is I can run any time..take back my cash and wait for the next good fish...unlike properties..
i can't use SA monies to pay for healthcare needs. insurance is meant for an entirely different needOriginally Posted by phantom_opera
if you have 1m spare cash and at least 2 properties fully paid up, you won't need insuranceOriginally Posted by Vincegoh
Ride at your own risk !!!
i am talking ILP and endowment, not term insuranceOriginally Posted by eng81157
Ride at your own risk !!!
yeah, indeed. insurance is for the poor, less so for the rich.Originally Posted by phantom_opera
but problem is, most pple (me definitely included) falls under the class of the less privileged.
ILP is crap and stupid. why pay a fund manager to invest my monies when i can sit behind my screen (like now ) to do it personally?Originally Posted by phantom_opera
yah loh.. mayan calendar said the world ending on 20 dec 2012. akan datang.. better spend now and enjoy life (within one's means).Originally Posted by ekl2ekl2
if overspend, then regardless whether world comes to an end as the mayans predicted, then ur world will still come to an end after 2012.
Agree on SA part.Originally Posted by eng81157
One should only consider topping up MA and IRAS is having VC-MA tax relief since 2009.
again, this seems to sweep all under one stroke.Originally Posted by eng81157
for plan vanilla funds, indeed one can replicate the fund and save the mgmt fee. but for more complex and cross regional funds (i.e. foreign exposure which may be restricted to retail access), it's sometimes wiser to let others to do the job for u.
i.e. u dun do everything in your life just becos u can do it. u hire domestic helpers to clean your house, u eat at restaurants instead of cooking every meal yourself, u engage ppty agents to do paperwork and sell your house instead of DIY.. and the list goes on.
end of day, it's deciding what u can do yourself and what u shld trust others to perform for u.
ps: i'm totally not into ILPs too! but am positively leaning towards funds that allow for exposure to regions and instruments that i will otherwise be excluded from.
Medishield is a must-have.Originally Posted by phantom_opera
Bond funds and unit trust etc are managed by fund managers as wellOriginally Posted by eng81157
fully agreedOriginally Posted by Vincegoh
yesterday, I spent the whole day looking into Investment Link Note...and conclusion : Don't touch......
Just put in bank and collect the interest.... some paying 1% now.... that's 10k a year.
Else if I still not sick of managing tenants and buying properties, buy two el cheapo shoeboxes. Or one old walkup reno nice nice.
ILNs are punter's instruments. can play for fun at times.. but not as core investment.Originally Posted by Laguna
actually hor, one sideline u can do is set up a ppty mgmt company that helps other landlords who are too busy to manage their portfolio of ppties. shld be lucrative especially since u are familiar with the tricks of the trade.Originally Posted by carbuncle
Many of the financial instruments are not suitable for average Joe and yet bankers are pushing them for their comm.Originally Posted by Vincegoh
For those who are thinking of buying bond funds, you can diy using fundsupermart platform. Some of their bond funds are having zero sales charge. However, there is a small platform fees.
key is taking the time out to understand the investment and whether it fits your profile and not just trust the salesperson selling u koyok.Originally Posted by Rosy
yeah, fundsupermart is a good starting tool for retail investors who's willing to DIY and read up on the many funds listed on the platform. but from my experience most pple do not know how to discern whether one fund is more superior than the other cos they are not that comfortable going thru the prospectus and understanding the mechanics behind the fund. so still impt to get some advice from professionals (on the product specs but not on how much $$ the investment can return).