*Official* General Market Chit Chat Thread - Part 2

Layers

Layers

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7wFAuKWl.jpg


Funan almost or already leveled. Miss the place. Shld have take some photos before it disappeared.

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Perisher

Perisher

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The 2nd story is interesting,
FIGHT TO CONTROL YEO HIAP SENG

can be made into a film or TV show. Family dispute ultimately ends with outsider successfully taking over the company.
 
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madtari

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I agree that credit card debt is the most stupid thing that one can ever have, 1 spot below borrowing from ah long and those official ah long...

However for car loan, I don't think it is that bad. I bought a car last year and took a 60k loan despite having the ability to pay full in cash. main reason is the perks and discount they dangle for you to take loan and the min requirement is 60k for 5 yrs at 2.28%. Effective IR is much higher than that I know, but the total amt of interest which I have to pay over the 5 yrs will only be about 6.8k. The discount which was given is 3.5k. So it means that I am only paying an extra of 3.3k over the 5-yr period.

Now the next question is... if you are given 60K and 5 year timeframe (to be fair, every mth you need to minus off the installament amt so your capital is actual diminishing over time), how many of you are confident of achieving 3.3k profit? I am! :D

Minx99 said:
Debt for item 1 might actually be a good thing, it could reap you returns beyond your wildest imagination. Debt for item 2 & 3 I personally would not recommend ;)
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limster

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madtari said:
I agree that credit card debt is the most stupid thing that one can ever have, 1 spot below borrowing from ah long and those official ah long...

However for car loan, I don't think it is that bad. I bought a car last year and took a 60k loan despite having the ability to pay full in cash. main reason is the perks and discount they dangle for you to take loan and the min requirement is 60k for 5 yrs at 2.28%. Effective IR is much higher than that I know, but the total amt of interest which I have to pay over the 5 yrs will only be about 6.8k. The discount which was given is 3.5k. So it means that I am only paying an extra of 3.3k over the 5-yr period.

Now the next question is... if you are given 60K and 5 year timeframe (to be fair, every mth you need to minus off the installament amt so your capital is actual diminishing over time), how many of you are confident of achieving 3.3k profit? I am! :D
Click to expand...

I took a loan because as you said, because most dealers require you to take loan in order to get the bundle price. In the end, there's always the option of paying back the loan in full and paying the 20% 'penalty' on the remaining unpaid interest.

If the market is too high and I have cash sitting around which I cannot deploy, I will pay back the loan. If market attractive, I will use the money for shares... that's what I did with my housing loan as well - when STI was above 3,000, I stopped buying ES3 and did partial repayments of housing loan.
 
OngHuatHuat

OngHuatHuat

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I owe a lot of credit card debts. :(

madtari said:
I agree that credit card debt is the most stupid thing that one can ever have, 1 spot below borrowing from ah long and those official ah long...

However for car loan, I don't think it is that bad. I bought a car last year and took a 60k loan despite having the ability to pay full in cash. main reason is the perks and discount they dangle for you to take loan and the min requirement is 60k for 5 yrs at 2.28%. Effective IR is much higher than that I know, but the total amt of interest which I have to pay over the 5 yrs will only be about 6.8k. The discount which was given is 3.5k. So it means that I am only paying an extra of 3.3k over the 5-yr period.

Now the next question is... if you are given 60K and 5 year timeframe (to be fair, every mth you need to minus off the installament amt so your capital is actual diminishing over time), how many of you are confident of achieving 3.3k profit? I am! :D
Click to expand...
 
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madtari

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serious?! when you charged your card, its not considered debt as it doesn't incur interest... until you missed full payment on the due date, then whatever outstanding amount is considered as debt.
yyhwin said:
I owe a lot of credit card debts. :(
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starfish.starfish

starfish.starfish

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madtari said:
serious?! when you charged your card, its not considered debt as it doesn't incur interest... until you missed full payment on the due date, then whatever outstanding amount is considered as debt.
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He will then start telling you about his balance transfer deals. Lol
 
Layers

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akwl88 said:
moi also eat cheap and avoid cafes + night life

:(
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Asphodeli said:
i have no night life...but eat cheap quite hard nowadays. cafe still alright la, occasional induglence is fine.
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yyhwin said:
I think this budget babe net worth should be super high when she reaches 35 years old.
Not to mention, all expenses can claim from husband. :)
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Guys more lured by gadgets

Ladies that don't cafe hop, some even drink alot. Are at the lower percentile

And yep husband pay for everything. Waifu can invest ok. If both no invest and if divorce. the guys is gg

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