Quote:
|
Quote:
|
Quote:
|
Quiet
Suddenly all is quiet on the COE topic. No matter the argument, COE prices will retreat only if the economy tanks. Right now it does not look like this is happening. While the US has cut off their QE, Japan, China and now the European Central Bank are looking into QEs of their own. With the large amount of cash sloshing around, some of it will reach our shores propping up our property and car prices.
In this forum, I saw mostly one side of the argument of car ownership. That is, why pay so much to own a piece of eventual scrap metal. It seems the forummers here belong to the group that is most affected by the high COE prices. To them, to own a car means they will have to forgo some other big item in their lives, or extend their retirement by many more years. This group has to think and analyse thoroughly before making a decision to buy or not to buy a car. But let's look at the bigger populace outside. In my social meetings with acquaintances, colleagues, neighbors, friends and others, I gather there are these two other groups of people: Group 1:- to this group, the question relevant to them is "what car to buy?". It is not whether to buy a car or not. In their conversation, the topic is "wow!, that new BM model looks cool, and it's turbo, but I am still undecided between this or the SLA Merc". Or "I am still deciding between the Accord and the Camry to replace my ageing Ford". Group 2:- this group, mostly families, is looking for their 2nd family car. Here, I often hear this "I am looking for a cheap 2nd hand car for my son/daughter, haha, I can't bear to see him/her drive my Merc/BM". Another common one is "I need an MPV to ferry my growing family around, but we still need the other car for my wife" My condo car park is almost full of "SK" series car plates, and so is the car park at my workplace. People just love cars. |
Quote:
Your life is your life. theirs is theirs why u care so much deh. For all we know they just talking only. U can always tell them i also want replace my horse (ferrari) at home with a cow (lambo) and let them believe lah. Jeez |
Job: Senior IT Analyst
Annual Pay: $130k |
The 2nd COE bidding for Jan 2015 has started. With the many bookings expected from the Singapore Motor Show last week, we can expect COE prices continue to rise further. The high demand will spill over in Feb, March and the rest of the year and in 2016.
|
Quote:
COE will begin its downward trend towards $30k by 2016. Pls go back to your car show room. |
46/44, married grad couple, two children in sec school.
$170k pa combined. Lives in a 3 bedroom condo, paid up. Latest valuation done $1.7m. Cash and CPF, $0.6m. Total net worth $2.3m. How are we doing? Is our net worth below average among grad couples in our age group? Are we underperforming? |
Quote:
You then invest the $1m cash in good quality blue chips that give you 6% pa dividend yield. So you get $60k pa in dividends. If each of your children gives you $1k pm, you will get $2k pm or $24k pa. When you reach 65, you and wife will get $3k pm in total (assuming the min sum goes higher and hence payout is higher) or $36k pa. So you get in total $120k pa of passive income. So, you are retirement ready. Congratulations. |
All times are GMT +8. The time now is 10:42 AM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2