Don't mean to offend you, what is the percentage of ppl gained in FX trading as compare to property investment?
Don't mean to offend you, what is the percentage of ppl gained in FX trading as compare to property investment?
i remember growing up in a landed house ... where each neighbor was pretty far away ... every house was a detached ... surrounded by its own garden ...
we had 3 rambutan trees ... matured adult ranbutan trees ... massive ... stood in a row at the far end of the garden ...
their branches didnt touch the other ..
had 1 durian tree , 1 sour sop, 1 well , 2 outpost toilets hahahahha
those were in the garden ...
between the house and the garden, was what felt like 2 tennis courts size gravel Parking area...
gosh .... how i wish now that we still have that piece of land ...
FX trading is a combination of the Art of trading + the Science of Trading ..
many traders, full time or not, working in a bank or trading from home, very often, only learn the ART of trading ...
No one, no school, not IBF, nowhere , teaches you the Science of trading ...
it took us many years to finally acquired the Science ...
which we are now teaching to young aspiring individuals, who wants to, one day, work in a Hedge Fund, or a successful Proprietory trader.
One day when I semi-retire, maybe I will go learn FX more to execute the trades in a bigger way confidently.... FX has always interests me.
But as of now, i will rely on familiar grounds in alternative assets, and aiming for pre-ipo fundings in catalist listings etc.
Another way to look at it.
If lost 20K in highly volatile trade, 20K lost.
If lost 20K in property valuation, gained 20K in rent, overall capital still the same amount.
Anyway is just about perspectives. Congrats on doing well in your choice. One day I hope to learn from experts like yourself!
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Respect someone who is sincere, willing to share, got foresight to buy even he is average joe. For rich he can buy at high or low. We gain and earn respects not buy respects. Image you in lambo club, pcs or sicc etc they changed cars regarding high or low. You got to respect all the members? Very sad
I am expecting record stamp duty collection this year, probably by a huge margin. Some of those developments I had been monitoring are all sold out.
Actually I also won't classify myself as buying at the peak to preserve wealth. Almost all who needed to buy in 2013 after TDSR have had to do so due to urgent need for housing. But of course, there is JG which we are all anticipating.
Remember, we are in 2Q2016. I hope the market waits or falls for me for 5 years more when most/all major CMs are removed. I think I can get one more by then. But do I logically think so? Not really.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Kelonguni,
Hi, convenient to say which projects u monitor had sold out?
Just Do It! 要拼才会赢!
Citizen now become Master. Tone change. Start scolding other Masters. Very sad.
Now sold out, so I won't be accused of asking people to buy (I hope).
One of them is Waterfront@Faber. Yowetan also monitoring that.
Another few very close to sell out (can consider as sold out) but not convenient to put here in case people say I try to advocate for them.
Oddly speaking, transit-based condos don't appear to be doing that well. Maybe still a mismatch in pricing at the moment.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Kelongoni, care to explain your thought process for selecting waterfront @faber?
OK when I have more time, will elaborate on my thinking process here. Now is the time to work.
And to be academically precise, I am monitoring and not selecting.
The more important task for people looking to buy is to look for what's available and what meets their needs and not what meets other people's needs.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
judging from "speak with conscience" you are hinting that i am lying ..?
to begin with ... traders dont invest the same amount as one would in properties ..
Theoretically if they trade in the same amount as you would in properties ...yes they can make millions ..
If my example is not an individual but a trader in a bank, who trades in 1 to 2 millions... he will definitely make MORE than you make in properties of 1 to 2 mil price range ..
Unfortunately there is a big misconception with many people that only investing in properties can make a lot of money, nothing else will............ which of course is not true......
Not sure how many of these people in Singapore think in this way but from this forum it looks like the number is big, and too bad the Singapore government's property cooling measures just killed their property market and their chance to make money.
While CCR private properties has crashed, most of the properties are too expensive for most of these people to afford, while OCR private properties which they can afford are just too significantly over-valued now (didn't drop much anyway), so can't buy cheap.
On the other hand, while OCR private properties are near historical highs, too bad, those people holding OCR private properties also can't sell at such good price (because buyers mostly asking for hair-cut below market price in view of government's property cooling measures and expecting prices to slide further) and if you want to sell now people think you are desperate and will only offer 10-20% below market price, so property market is basically DEAD!
Think Singapore property market probably in slow decline till 2021 (and facing next recession).......
So sayonara properties................
Better invest in other assets than properties now........