If you have S$300,000...

[cyke69sg]

How. Much is that amount that is enough

Several millions.

 

[Potent]

Several millions.

That will be for a few generations already.

 

[cyke69sg]

That will be for a few generations already.

No lah. Not enough. Nowadays $1m is more like only $100k.

 

[Potent]

No lah. Not enough. Nowadays $1m is more like only $100k.

Then some of us only have your 100k... I tot it was sufficient at 1m. But true feels like 100k...

 

[cyke69sg]

Then some of us only have your 100k... I tot it was sufficient at 1m. But true feels like 100k...

Especially in SG.

I bet @dereth even with his $7m doesn't feel rich in Singapore. Feels more like SGD$700k.

 

[Potent]

Especially in SG.

I bet @dereth even with his $7m doesn't feel rich in Singapore. Feels more like SGD$700k.

700k dun feel little already.. ^^

 

[cyke69sg]

700k dun feel little already.. ^^

700k in Singapore can't even buy a resale HDB 4rm flat these days.

At least I don't live in Singapore. In Canada 700k could buy a small landed house.

But it's getting hard these days. Everything is getting so expensive. The value of money is dropping and people are able to make A LOT of money very very fast with trading stocks, shorting, crypto, gold, silver.

Working and making money is just too slow and unfruitful.

 

[hellhole]

having more money... gives you a chance to have a choice...

 

[Potent]

700k in Singapore can't even buy a resale HDB 4rm flat these days.

At least I don't live in Singapore. In Canada 700k could buy a small landed house.

But it's getting hard these days. Everything is getting so expensive. The value of money is dropping and people are able to make A LOT of money very very fast with trading stocks, shorting, crypto, gold, silver.

Working and making money is just too slow and unfruitful.

Luckily still a big majority earn a living the working way. So it's not exactly a big problem unless all are earning too fast toi easily.

 

[Mecisteus]

i am expecting ts to have $4m in 2025.

Quite a bold prediction in 2021 and its about there.

 

[singaporean11]

Luckily still a big majority earn a living the working way. So it's not exactly a big problem unless all are earning too fast toi easily.

I remember that Barrick Obama once said something like this (when he was US President): If every Chinese achieves Americans' standard of living (at that time), then inflation will shoot through the roof! -- No wonder US and their Presidents have been trying to stop China from progressing economically since Obama's time by purposely sanctioning Chinese companies and restricting their progress (from Huawei, to DJI, Hikvision, SMIC, etc)!
Fast forward today, US inflation has shot through the roof, but it is not the fault of the China's rising economy because actually China has helped to keep many of the goods/products the Americans used cheap and hence helping Americans to lower their inflation, but it is actually Obama's massive USD money printing and Trump's import tariffs that added high inflation to Americans!

 

[Potent]

I remember that Barrick Obama once said something like this (when he was US President): If every Chinese achieves Americans' standard of living (at that time), then inflation will shoot through the roof! -- No wonder US and their Presidents have been trying to stop China from progressing economically since Obama's time by purposely sanctioning Chinese companies and restricting their progress (from Huawei, to DJI, Hikvision, SMIC, etc)!
Fast forward today, US inflation has shot through the roof, but it is not the fault of the China's rising economy because actually China has helped to keep many of the goods/products the Americans used cheap and hence helping Americans to lower their inflation, but it is actually Obama's massive USD money printing and Trump's import tariffs that added high inflation to Americans!

Meaning to say, the statement made previously can be opposite result of what is expected. So everyone should get free. Money.

 

[dereth]

The Third Time Will Be The Charm For Broadcom Switch Co-Packaged Optics

 

[dereth]

Broadcom Stock Could Soon Generate $100 Billion in AI Revenue Each Year. Should You Buy AVGO Now?

Shutterstock
Broadcom (AVGO) has a trailing twelve-month revenue of just below $60 billion. So when someone comes out with a $100 billion annual revenue estimate, people notice. If that someone is J.P. Morgan, investors pay even closer attention.
This is precisely what transpired earlier this week. J.P. Morgan analyst Harlan Sur came out with a positive note on three chip giants: Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO). He has called the growth figures for these companies conservative due to funding and execution concerns. He believes the AI accelerator market should continue to grow at a 40-50% CAGR.

Furthermore, he also added that Broadcom generating $100 billion in revenue by 2027 is a reasonable forecast. His estimates show that revenue from the OpenAI deal could be between $70 billion and $90 billion, as opposed to Wall Street estimates of $60 billion. Add in $20 or so from Google (GOOG) (GOOGL), and $100 billion looks like a reasonable estimate. Where many in the industry thought AI infrastructure spending had peaked, OpenAI is showing it hasn’t, and Broadcom is a big beneficiary of that.

 

[dereth]

---

Quite a bold prediction in 2021 and its about there.

Glad with the added bonus that it didn't just stop there.

 

[dereth]

Damn................. I did a rough calculation.
My capital gain YTD is about S$3,000,000.

 

[BBCWatcher]

Realized or on paper?

 

[bruiser69]

Damn................. I did a rough calculation.
My capital gain YTD is about S$3,000,000.

Congratulations!

Just hope the currency is not in rupiah

 

[wutawa]

Congratulations!

Just hope the currency is not in rupiah

the S before the $ means it is sgd

 

[dereth]

Realized or on paper?

Unrealized.