yes, i was laughing at the hdb 2.6% people. i have been in the home loan market for a long time. i have been laughing for 20 years already.
isnt that very bad? high interest and you increase the tenure of your loan?
when the interest is 1.xx% why bother to do loan repayment?
That is what I said in my earlier post. During those 1.xx years they need to work their monies harder so when repay back time is ok. But not everyone is good enough to make their monies work harder when they enjoy 1.xx years. Some use the "saved" monies to spend and pamper oneself and family instead of to earn more monies for e.g
How come I feel like u are sort of sore and whiney.
Just to inform not the entire loan can be paid off using cpf. How I know is me and spouse go hdb branch office and the counter staff say there is some rule where there is a cap on total amount to be used by cpf for the hdb loan. So in the end a very small amount of loan need to be paid off using cash. That is many years back so when it is your turn not sure if same policy or not.
sore? why should i be sore? you people are the ones that are losing. i have won for 20 years. why should i be sore about winning.
you know cpf is giving you 2.5 and you are paying 2.6, i dont see any reason that you should not be paying up the loan. this is unless you would like to get a new condo
Your loan interest is 2.6% but you rather leave your OA to generate 2.5%..... you tao nao pai si boh?
this is so as to ride it out and manage cash flow, not an interest reduction strategy. "live to fight another day"
buy T-bills yielding above 3.8% instead of paying down the loan if you want to consider
Not everyone earn that pathetic 2.5% For my times I take to invest instead. In bull market easily beat the 2.5%. Then in bear market hide and earn 2.5%. So over a long period my average is better than flat 2.5% all the way. Just to add on during my times no Tbill for cpf to have the luxury of that high interest like now. So see your luck you born early or late.
This is great and likely in line with the deposit balance at some percentile to ensure majority of balances are covered
so you buy when in bull market, sell when in bear? buy high sell low?
Never sell for cpf. At most switch sell and buy into others. Cpf profits go back into cpf cannot touch why sell? Just use it to churn more profits.
My experience is based on many years ago mah. Now all digital really no need leave house. Even food also delivered outside your door but must have monies else who want to send to your doorstep? So earn alot monies is important.
