With 200k will you buy Car or Property?

[Milodrink]

At 30yo, with 200k savings will you buy for your Car or Property?


Assuming you are eligible and willing to loan for your commitment.

There is no right or wrong answers. It's all about diff ppl diff priorities.

Personally car is a bonus, not a must choice. Hard to understand with ppl spending on car when they ald lil savings.

This question is just about people's buying preference for sharing.


DISCLAIMER:
Unable to change title. Kindly read 'invest' as 'BUY' instead and stop jjww.


Also to highlight for those inferior naive readers hoping to act smart and feel superior, this thread is started out of curiosity for discussion about different people priorities at 30yo. I am not 30yo nor contemplating where to buy or invest. So yeah, too bad no drama for stirrers to stir and jjww. Those love stirring can move on to lead a more meaningful life.

 

[tJ3333]

Where got enough for any of these?

 

[sseasea]

How can a depreciating asset be a investment?

 

[rpgfreak]

mbs all in bacarrat

 

[StoopiakIdiot]

At 30yo, with 200k savings will you invest for your Car or Property?

none..
put in IBKR compounding 4.8%

then pump in money for next 10 years until you reach 2-3 million.

THEN, buy property.
then, after all paid off and pure money generating, then buy car

 

[Okeirkkire]

Gold is good
silence is gold

 

[menthol28]

$200k you can pay a car in full
But $200k you still need a loan and pay installments for at least 20 yrs
Both so much difference, how to compare

 

[aarontansp]

All in Bitcoin

 

[Earthling]

neither. invest in myself

 

[Lemonkey]

invest in car = throw money into the sea

 

[Mata10]

all on black in roulette


edmw

 

[tan kuku]

200k invest ppty

ts muz be a jhk

 

[eg0932]

The moment u collected the car key, it is a depreciating asset...

There is no investment to talk about for cars...

 

[Laguna123]

none..
put in IBKR compounding 4.8%

then pump in money for next 10 years until you reach 2-3 million.

THEN, buy property.
then, after all paid off and pure money generating, then buy car

You mean by just putting money inside the broker account and they give you 4.8% interest?

 

[StoopiakIdiot]

You mean by just putting money inside the broker account and they give you 4.8% interest?

https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php

 

[2Blogic]

depends on your job or bank

majority buy property, cos car only 10 yrs

 

[Laguna123]

How does buying a car consider as an investment in sg? If overseas can understand as you own the car forever buy here need COE?

 

[MatrixFanatic]

At 30yo, with 200k savings will you buy for your Car or Property?


Assuming you are eligible and willing to loan for your commitment.

If you need to ask I wonder if you actually have 200k

 

[StoopiakIdiot]

You mean by just putting money inside the broker account and they give you 4.8% interest?

how much money do you have to put in broker?
100k
500k
1 million
5 million?

 

[Laguna123]

https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php

Please note that interest is earned on positive settled cash balances held in the securities segment of an account but not on cash held in the commodities segment.

This mean only securities account with cash balance (not used for stock) can earn the 4.8% interest right?