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How much are you earning per annum?

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  #9431 (permalink)  
Old 04-02-2016, 07:54 AM
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Ho say liao
$8k more to hit my $30k prediction. Huat ah! So happy.
I'm hoping for Cat A to crash to $10k. Possible?

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  #9432 (permalink)  
Old 04-02-2016, 03:05 PM
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I'm hoping for Cat A to crash to $10k. Possible?
No. $10 k still too high.

Wait for it to crash to $2 dollars. Even cheaper than a bowl of fish ball noodle.

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  #9433 (permalink)  
Old 04-02-2016, 05:56 PM
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No. $10 k still too high.

Wait for it to crash to $2 dollars. Even cheaper than a bowl of fish ball noodle.
Thanks for the advice. I'll wait then.

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  #9434 (permalink)  
Old 04-02-2016, 08:50 PM
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Thanks for the advice. I'll wait then.
Let's wait together.
Maybe I will bite when it hit $101.
Let the government Earn some money instead of $2
Kekeke
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  #9435 (permalink)  
Old 05-02-2016, 07:33 AM
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Default First month of 2016

Time really flies. We are already coming to the end of the first week of Feb 2016! And CNY is just a few days away.

This year didn't start well at all for the stock market with the value of my stock holdings declining by roughly $250k. I have been through a few economic crisis previously (97/98, 03 (Sars period), 08/09 and 11/12 (Europe crisis)), where my stock holdings declined in value but nothing as much as this time simply because I have ramped up my investment to build up my passive income flow for my retirement. Naturally when the stock value declined, I was concerned if it would impact the dividends I would be receiving.

For Jan this year, I have collected $10.3k in dividends slightly better than last Jan (2015). Some companies have indeed reduced their dividends payout, but this was compensated by others which increased their payout resulting in a little net gain. For Feb, the companies paying dividends in Feb have all announced their dividends and I should be getting $9.4k in dividends. Again this is a little higher than last year's Feb dividend.

Going forward, I am keeping my fingers crossed as the world economy struggles to find its footing. If this uncertainty drags on, I think more companies will suffer losses and retrenchment may be widespread with dividends cut. Then we will have to hang on to our jobs longer.

Right now, as we are still working, our Jan 2016 income, together with the passive income comes up to $34k. For this Feb month, we are expecting $33k.

The weak stock market also presents a good opportunity to pick up good stocks for long term investment and dividends. So far, we have increased our holding of the 3 local banks, SGX, Comfortdelgro and a few other blue chips. As we are already passed our mid fifties, I think this could be the last window of opportunity for us to pick up bargain stocks.

If you have the money to buy a new car now, you might want to delay that decision and invest the money instead. When the market recovers, you may be in a position to own a new car and the stocks! How about that? We have been using our passive incomes to buy our last two new cars!
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  #9436 (permalink)  
Old 05-02-2016, 08:27 AM
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BEWARE!

The global stock market could crash by another 50%!

The local property market could crash by another 40% due to the massive OVERSUPPLY!
Many people will be in NEGATIVE EQUITY if this happens.

The global economy could go into a deep crisis!

Job losses all over the world! YOU could LOSE YOUR JOB!

Keep CASH, lots of CASH. You will need it desperately when you lose your job.

CASH IS KING!

Don't make stupid mistakes.

BEWARE!
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  #9437 (permalink)  
Old 05-02-2016, 02:37 PM
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Originally Posted by Unregistered View Post
BEWARE!

The global stock market could crash by another 50%!

The local property market could crash by another 40% due to the massive OVERSUPPLY!
Many people will be in NEGATIVE EQUITY if this happens.

The global economy could go into a deep crisis!

Job losses all over the world! YOU could LOSE YOUR JOB!

Keep CASH, lots of CASH. You will need it desperately when you lose your job.

CASH IS KING!

Don't make stupid mistakes.

BEWARE!

Totally agree. So many pple are talking about the dividends they are reaping but in actual fact the losses they have suffered from their initial capital is so much greater. bo hua one.
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  #9438 (permalink)  
Old 05-02-2016, 03:13 PM
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Totally agree. So many pple are talking about the dividends they are reaping but in actual fact the losses they have suffered from their initial capital is so much greater. bo hua one.
Yes the old man lost $250k. He could have bought another two new cars.
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  #9439 (permalink)  
Old 05-02-2016, 06:05 PM
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Dont forget economy goes in cycles. And after each downturn, there will be recovery.

I think he should have cautioned that only people with deep pockets should go into stocks during market downturns. Obviously this is not for the faint hearted nor people who cannot afford to lose their investment money.

Unfortunately this forum was started in 2010, just after the market recovered from the 08/09 crisis, so we dont have any views from people during that tumultuous time. Otherwise I am very sure, we will see a lot of nay sayers about going into the stock and property markets during that time.

In 2010, the world economy was already in recovery mode and was certainly brighter with the big economies printing and pumping money into their economies and for 4 straight years (2011 to 2014), the stock and property market soared. Those who were quick and brave enough to go into property and stocks in 08/09 were amply rewarded.

We are seeing the cycle being repeated now. The economies are again putting into actions measures to help prop up their economies. Lets see by year end what the scenario will be.....,

Will you be regretting or will you be trumpeting your gains by then?


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Totally agree. So many pple are talking about the dividends they are reaping but in actual fact the losses they have suffered from their initial capital is so much greater. bo hua one.
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  #9440 (permalink)  
Old 06-02-2016, 06:17 AM
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Wink salary

I made $108k last year. Fresh Grad (June 2015 from SMU) doing Financial planning at AXA. Be your own boss, have your own dreams and work towards it. Stop slogging for others and then whine about having a 'low' income, no work-life balance, etc.

-Sashti

PS: Feel free to look me up on linkedin
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