*Official* General Market Chit Chat Thread

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starfish.starfish

starfish.starfish

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ValueInvestor said:
last time i work in bank hor

I see before people have 1mil+ in their savings account before... not CSB-ing here... really 1mil+ and not even put into fixed deposit... stun like vegetable

singapore actually a lot of cash rich old folks one
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I oso hope I hv 1mio+ in my savings.....
Enough for my retirement. :D
 
Asphodeli

Asphodeli

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ValueInvestor said:
yeah ask her read rich dad poor dad LOL

seriously that book changed my life

if not i now still trapped in debt and forever slave of the company
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Haha I read that book also. But there are people who read that book and go the wrong path also...
 
Xyresic

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Franzz said:
My money all in either ES3 or A35.



Then when I told her, my expected dividend for next year is few hundred bucks, she asked me: Every month ah?

I say for whole year then she went SO LITTLE?! Wah, in my heart I was like want to intro you free money you complain little, think money easy to make ah?
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neber falcon punch her?

:vijayadmin:
 
starfish.starfish

starfish.starfish

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Franzz said:
This morning, met up some old friends for breakfast. Inevitably, we started talking about house, family and retirement.

I told them I started investing recently, and hope to achieve a decent portfolio by the time I'm 50. One of them asked me, if I can help her with her retirement plans also.

I said sure, but ultimately she have to DIY. I told her, my expected annual return is very conservative, only 3-4%. For every $100, I'm expecting to receive a dividend of $3+ per year.

Her reply shocked me: Franzz, I put in bank better! Bank interest rate is 1%! And I receive them monthly! I put in $100, every month get $1!

In my mind, siao liao. These people are professionals with tertiary education, and yet can't grasp simple financial concepts or do simple financial calculations. I can only wonder how the hell they are going to plan their retirement!

I tried to explain to her, what she calculated is effectively a 12% interest rate, but she keep saying I am wrong instead! LOL. Financial literacy classes should be made compulsory in school...
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This is when you should have put a bet with her on her effective bank rate. Lol
Sure win for you mah. Unless her bank is some foreign banks which give high interest though I really doubt so.

I too have friends who are soooo risk adverse they put all their money just in savings bank. Just leave them be lah.
 
D

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ValueInvestor said:
at current valuations, STI is already super cheap
compare to 2008 and 2012 levels

PE 11+ yield 3%+ can start buying for sure
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I dun think its still at the 2008 valuations bah, but relative to long term valuations its cheap yes. Now around 1 standard deviation below mean
 
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