*Official* General Market Chit Chat Thread - Part 2

[Sinkie]

people like ASSI, whos advising ppl to repay their fully paid ppty funded by cpf using cash.

actually its a pretty awesome idea.

Do u have the cash to fully pay for a $500,000 hdb?

 

[mcsane]

Do u have the cash to fully pay for a $500,000 hdb?

nope.

10 char

 

[Sinkie]

nope.

10 char

Yeah then start saving until u have $500,000 cash before u go hoot your hdb.

If like that I must follow him, I think I can only get my hdb when I am 80 years old liaooo lol

 

[teckgamer]

You are using ?? to 'predict' ?

I am using magic ball 8 to predict
STI is green

 

[thegodfather]

1.900 support jin scary... dk real anot?

Sent from 穷小子 using GAGT

i also dunno want to go in or not... holding small position at 1.94. i think if breaks we might see 1.88

average: you sold your raffles?

 

[Sinkie]

Use cash to pay down payment, then take 80 % loan, pay mortgage using cash instead of cpf.

Technically is true if you are aiming to buy a second property

 

[Sinkie]

That strategy can only work if the loan interest is less than 4.x %

If loan rate spike up till 5 % then really gg max.

If u can be like ml know how to use money grow more money and more than 10% pa? Still use this strategy full cash payment?

 

[Sinkie]

nope.

10 char

Come to think of it, $500,000 mortgage loan at 2% for 30 years, only need pay $1800 installment monthly

Oklah, $1800 abit abit only for ssi warrior

 

[Sinkie]

Why first property cannot use this method?

I mean use cash for first property, while waiting out for minimum occupancy period, can continue let cpf to roll and compound until its big enough to use it to pay for your second property

Unless you can invest better than cpf 4% pa then the above method is the best for those who want to own multiple ppty in future

 

[Average]

i also dunno want to go in or not... holding small position at 1.94. i think if breaks we might see 1.88

average: you sold your raffles?

crct? not selling at a loss...

Sent from 穷小子 using GAGT

 

[Perisher]

Come to think of it, $500,000 mortgage loan at 2% for 30 years, only need pay $1800 installment monthly

Oklah, $1800 abit abit only for ssi warrior

That's excluding the Reno, monthly water/electricity, property tax... etc.
$2.3k possible...

 

[Sinkie]

That's excluding the Reno, monthly water/electricity, property tax... etc.
$2.3k possible...

Yeah, $2300 per couple is cheap.

No wonder pap always landslide win la

 

[Kinetic88]

Yeah, $2300 per couple is cheap.

No wonder pap always landslide win la

mod perisher say we talk policy not politic hor.

70% only where got landslide win.

 

[tmkedmw]

...
The day dbs give u 10% interest rate for their normal bank account is the day u won't want la haha

POSB did gave 9.5% interest rate way back in 1981, a record high that stood till today.

 

[Android user]

Buying-In Securities on December 16, 2016
HP NAME QUANTITY
ASTI^ 20,000
Best World 5,000
Bund Center 5,599
CNMC Goldmine 80,000
Charisma W211128 39,200
China Aviation 2,000
China Intl 2,850
CityDev 1,000
DBS 1,000
Ezra 546,700
Global Logistic 3,000
Jardine C&C 400
Kencana Agri 8,250
M1 4,000
Nam Cheong 24,000
Natural Cool 100
Noble 228,652
OCBC Bank 723
Ramba Energy 5,000
SGX 8,200
SPH 7,000
Sembcorp Ind 300
Sembcorp Marine 300
UOB 11
Vard 100,000
Wilmar Intl 50,000
Note:
Securities will not be available for Buying-In
if they are halted or suspended for trading.
=============================================
Odd lots?

 

[Sinkie]

POSB did gave 9.5% interest rate way back in 1981, a record high that stood till today.

http://sgyounginvestment.blogspot.tw/2013/07/the-history-of-post-office-savings-bank.html?m=1

Yeah those were the days when police wear shorts and 3 rm hdb is only $20,000

 

[Mr.Canberra]

REITs

Very good discussion on REITs by all. Keep it up!

China still has many untapped Tier 3 and 4 cities for mall development. I stay in Tier 2 and 3 cities before. Tier 3 city malls cannot make it in terms of branding and tenant mix management. This is an opportunity for REITs.

For example Kuala Lumpur (Tier 1), Johor Bahru (Tier 2), Malacca (Tier 3). This will give you a rough idea how China grade its cities.

 

[Perisher]

http://sgyounginvestment.blogspot.tw/2013/07/the-history-of-post-office-savings-bank.html?m=1

Yeah those were the days when police wear shorts and 3 rm hdb is only $20,000

What was the average wage back then?

 

[onlybuyneversell]

http://sgyounginvestment.blogspot.tw/2013/07/the-history-of-post-office-savings-bank.html?m=1

Yeah those were the days when police wear shorts and 3 rm hdb is only $20,000

yep, and my parents told me hdb is very cheap to pay off one.

*me looking at hdb price now*

 

[onlybuyneversell]

What was the average wage back then?

the hdb flat only cost about 1-2 years of my father's salary.

Now where got so cheap?