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How much are you earning per annum?

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  #7291 (permalink)  
Old 17-04-2015, 01:37 PM
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We are already generating $5k pm of passive income. We will need to save another $240k for us to generate another $1k pm ($12k pa) of dividends. We can actually retire now if we want to as our passive income exceeds our expenses but we prefer to have a buffer of $2k pm extra amount. Also getting a monthly payout from our CPF Life when we reach 65 is an added bonus. We will most likely retire at 58 to join our friends who have retired earlier as they are more successful financially than us.

You seem to be assuming a 5 percent return but have you taken into account inflation? If inflation is 3 percent you should be using only 2 percent of your dividend return and reinvesting the rest. Otherwise your income will not keep pace with inflation

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  #7292 (permalink)  
Old 17-04-2015, 02:26 PM
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Increase in COE supply is meaningless as long as demand exceeds supply. Prices will rise. There are many rich people in Singapore. Market commentaries like to talk about supply but they fail miserably because they fail to talk about demand. As long as household income is rising, the BTO scheme allows people to flip and profit from their cheap BTO flat, the stock market is rising, high employment, number of millionaires increasing, families buying their 2nd or 3rd or 4th car (for father, mother, son, daughter), then COE price will rise. Anyway cars are luxury goods and there is no need to ensure everyone can afford a car. There are taxis, bus, MRT, motorcycle that people can use. Cars are meant for those who has the means to buy. Those who can't afford new cars can always buy resale cars.

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  #7293 (permalink)  
Old 17-04-2015, 05:45 PM
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Huge backlog of orders means COE likely to stay high: Analysts

By Xue Jianyue, TODAY
17 Apr 2015 07:18
URL: ://w w w.channelnewsasia.com/news/singapore/huge-backlog-of-orders/1789898.html

TODAY reports: Any drop in premiums is likely to be marginal in future bidding exercises, analysts and motor dealers say.

SINGAPORE: Despite the sharp rise in the COE quota for the next three months, those holding out for a reprieve from rising COE premiums are likely to be disappointed.

Any drop in premiums is likely to be marginal in future bidding exercises, analysts and motor dealers told TODAY.

A huge backlog of orders — many from owners of deregistered cars waiting for COE premiums to fall — will keep premiums high, said motor dealers, pointing to the large number of bids made by the end of the latest bidding exercise last week.

For example, more than 2,340 bids were made for only 988 small-car certificates, said Singapore Vehicle Traders Association (SVTA) honorary secretary Raymond Tang.

“There is still a lot of backlog in the market,” he said. “You have more than 14,000 COEs, but it is still not enough.”

Indeed, COE premiums have continued to climb despite the sizeable COE quota for February to April. The quota was the largest since last February until the latest crop announced on Thursday. Increases across the board were seen in the latest bidding exercise, with Open Category premiums at a 12-month high of S$78,000.

Customers are also rushing to buy vehicles before more stringent conditions kick in through rebates and surcharges under the Carbon Emissions-Based Vehicle Scheme (CEVS) on Jul 1, said CarTimes’ managing director Eddie Loo and SVTA president Neo Tiam Ting.

The CEVS is aimed at encouraging the purchase of low-carbon-emission vehicles. The carbon-dioxide limits will be lowered with the revision, which could mean rebate cuts or surcharge hikes.

“A lot are rushing in to register in order to get the higher rebate, and because of that, the actual drop in premiums will not be much,” said Mr Neo.

Currently, COE quotas are determined by the allowed annual vehicle growth rate of 0.25 per cent, the number of vehicle deregistrations, adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme and expired COEs.

Vehicle deregistrations make up the bulk of supply.

With many buyers unaware of these reasons and rushing in to bid, they contribute to the high premiums they are hoping to avoid, said National University of Singapore transport analyst Lee Der Horng.

The link between COE quota numbers and deregistration will cause fluctuations in the market when deregistration numbers fall around 2019, a situation which is “not healthy” for motor dealers and customers, he said.

“Consumers may face greater uncertainty in COE premiums. Dealers will need to adjust business operations to accommodate this increased demand. After a few years, they will need to slim down. What they want to have is a stable COE supply,” said Professor Lee.

Although the increase in COEs presents dealers with increased sales opportunities, dealers said they were mindful of pushing sales too aggressively with steep discounts.

“No point selling and not being able to deliver the car. It doesn’t look good on the car agent,” said Mr Loo.

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  #7294 (permalink)  
Old 17-04-2015, 05:52 PM
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Car dealers are trying to make a comeback in this thread.

4 out of 5 of the last posts are basically on c.rap.

Like what someone said, if you are so confident that cars are the centre of universe, go start your own thread and title it as "cars, the centre of our universe."

Take your cra.p to your own plate aka thread...


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  #7295 (permalink)  
Old 17-04-2015, 05:56 PM
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Car dealers are trying to make a comeback in this thread.

4 out of 5 of the last posts are basically on c.rap.

Like what someone said, if you are so confident that cars are the centre of universe, go start your own thread and title it as "cars, the centre of our universe."

Take your cra.p to your own plate aka thread...
Don't be a stupid fool. There is no car dealers in this forum. They are busy taking new car orders.
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  #7296 (permalink)  
Old 17-04-2015, 08:24 PM
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Don't be a stupid fool. There is no car dealers in this forum. They are busy taking new car orders.
Ouch, sorry, I hurt your pride LOL.

It's ok lah, can always change line to MLM, insurance or the top profession of all time I.e. Estate agent...
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  #7297 (permalink)  
Old 18-04-2015, 08:42 AM
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Ouch, sorry, I hurt your pride LOL.

It's ok lah, can always change line to MLM, insurance or the top profession of all time I.e. Estate agent...
Stupid troll
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  #7298 (permalink)  
Old 18-04-2015, 10:55 AM
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At leng kee now.
7 early 8 early got so many people looking at car liao
Looks like many good deals out there
Like that COE how to drop??
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  #7299 (permalink)  
Old 18-04-2015, 02:38 PM
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These car salespersons are really a bunch of cowards.

No guts to start a new thread.

Go and hijack others' thread and after being shooed away still come back.

Shameless!
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  #7300 (permalink)  
Old 18-04-2015, 04:44 PM
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These car salespersons are really a bunch of cowards.

No guts to start a new thread.

Go and hijack others' thread and after being shooed away still come back.

Shameless!
why start a new thread, whereby they can ride on this thread and make it 2,000,000 views?
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