*Official* MasterLeong Thread

[Asphodeli]

there are a lot of funny stuff you can do with credit card and the super low interest rates nowadays...one prime example is to take a fund or balance transfer at 1 to 2% to buy stocks (usually REITs, as the carry trade is a no-brainer)...super high risk.

 

[MasterLeong]

It's a long long boring personal story......

he so rich, u should ask him to be your god dad instead
then u no need to work anymore for sure riao lol

 

[Average]

there are a lot of funny stuff you can do with credit card and the super low interest rates nowadays...one prime example is to take a fund or balance transfer at 1 to 2% to buy REITs or stocks...super high risk.

some member mentioned... use credit card to fund margin acct. super buying power

Sent from 穷小子 using GAGT

 

[starfish.starfish]

credit cards for emergency is suicide leh

keep 6-12 months cash for emergency better ba

It's emergency fund on top of emergency fund.
Sometimes big ticket items like hospitalization or surgery requires you to pay first before you claim back from Insurance.
These at least can use credit card to tahan till claim comes in.

 

[lewissac]

No lah.....that's how the real world works, my friend The contract was drawn up by his Singapore lawyer

It is not as simple as logging into trading account and press buy/sell with no consequences

If it is that simple, he can do it himself liao

Agreed to the max. When it comes to working colleagues, partnership, or even business relations, friendship line have to be drawn clear le. The moment you blur it, and something bad happens, then you cfm shake head.

Which is why I always stressed to my peers, in office, we're friendly colleague, only either one of us resigned, then we're friends.

 

[Asphodeli]

some member mentioned... use credit card to fund margin acct. super buying power

Sent from 穷小子 using GAGT

siao bor? use leverage to buy more leverage?

 

[MasterLeong]

there are a lot of funny stuff you can do with credit card and the super low interest rates nowadays...one prime example is to take a fund or balance transfer at 1 to 2% to buy stocks (usually REITs, as the carry trade is a no-brainer)...super high risk.

sounds like what yyhwin or average would do

 

[Genosis]

if want draw contract etc... he should just engage professional manager la.... should not even find u

its like if u help your dad manage portfolio, need write contract meh... all about trust ma

Ur trust in people is admirable.....

Blood relations are different scenarios mah

In the real business world, contracts and deals are signed very often

 

[Average]

sounds like what yyhwin or average would do

u see me too up... which bank would approve my credit card? didi is use debit card

Sent from 穷小子 using GAGT

 

[stam]

Moving up up up! Master Leong selling FCL?

Posted with My iPhone 7plus HardwareZone Forums app

 

[MasterLeong]

Ur trust in people is admirable.....

Blood relations are different scenarios mah

In the real business world, contracts and deals are signed very often

like I did my private business for 2 years, a lot of things also no black and white.. the business was valued around 400k towards the end.. and I owned 30% of it before selling my stake away late this year

if u really do business/partnership before, a lot of things black and white no use one... if someone out to eat u, even got contract/lawyer also cannot stop

if someone u can really trust and work together, do not even need a piece of paper

true story bro

 

[Genosis]

he so rich, u should ask him to be your god dad instead
then u no need to work anymore for sure riao lol

Pretty sure he is oredi the sugar daddy of many hot girls

Besides, if I am in his shoes, having a poor god son is the last thing on my mind... hard truth

 

[lewissac]

there are a lot of funny stuff you can do with credit card and the super low interest rates nowadays...one prime example is to take a fund or balance transfer at 1 to 2% to buy stocks (usually REITs, as the carry trade is a no-brainer)...super high risk.

Thats high severity with moderate likelihood, which translate a high risk activity. Using credit card to fund for stocks is like using future money to buy them, hoping the market gets good and u get good return.

 

[Genosis]

like I did my private business for 2 years, a lot of things also no black and white.. the business was valued around 400k towards the end.. and I owned 30% of it before selling my stake away late this year

if u really do business/partnership before, a lot of things black and white no use one... if someone out to eat u, even got contract/lawyer also cannot stop

if someone u can really trust and work together, do not even need a piece of paper

true story bro

U r lucky.....very lucky

 

[MasterLeong]

Moving up up up! Master Leong selling FCL?

Posted with My iPhone 7plus HardwareZone Forums app

1.60 I will TP ba.......

 

[MasterLeong]

U r lucky.....very lucky

really its not about luck... I am serious about this
its mostly about judgement/trust

when one day u try do your own business, you will know

how u handle landlord, supplier, customer, worker

black and white really no use one... LOL

 

[Asphodeli]

Thats high severity with moderate likelihood, which translate a high risk activity. Using credit card to fund for stocks is like using future money to buy them, hoping the market gets good and u get good return.

TBH UOB always send me balance transfer cheque letters and it states "whether it's for a short getaway, or an investment opportunity, take advantage of our balance transfer offer"

I LOL-ed

 

[MasterLeong]

TBH UOB always send me balance transfer cheque letters and it states "whether it's for a short getaway, or an investment opportunity, take advantage of our balance transfer offer"

I LOL-ed

wow, they temping u to gamble it up lol

YOLO CARD

 

[MasterLeong]

year end reports are coming in

remember to read them all to have a feel of 2017


CIMB Looks Ahead 5 large cap alpha stock picks by CIMB to survive a ‘rocky’ 2017

http://www.theedgemarkets.com.sg/sg

 

[Asphodeli]

wow, they temping u to gamble it up lol

YOLO CARD

haha not just them la. So far the most aggressive is Citi, BOC and UOB.

Anyway to be very honest I took small balance transfer on a card before, but it was a very calculated move to take advantage of a bond offer...got the returns and yield spread, and paid off the balance fully in 6 months.

Btw I'm still rated AA on my credit report lol. And the UOB YOLO card not useful to me at all, lol