Quote:
Originally Posted by Unregistered
You are right, there are many in this forum doing stupid things and giving foolish advice. Better be safe than sorry. Just focus on buying one condo and pay off once you reach retirement. Then when you reach 65, sell the condo and then buy a HDB studio flat for the elderly. This cost only $100k. If you sell your condo at $3m, you can then have $2.9m to invest in the stock market to give you dividends. |
Different advice doesn't mean foolish advice. Involves a risk, yes. If 'better safe than sorry' is your mantra, I also respect that. But doesn't mean the guy who is less risk-averse is "doing stupid things".
Anyway, if the condo (which at present costs about $1 m) will cost $3m by the time he is 65, there is no way the studio will remain at 100k. Inflation/time value of money etc. So, well-meaning advice, but not becessarily sound either.