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What is the best way to grow your net worth?

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  #11 (permalink)  
Old 03-09-2012, 01:04 PM
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Yes, i agree Singapore's property (not in Europe and US) is the best way to grow your wealth.

I have been investing in Singapore properties for the past 20 years, now sitting on a gold mine. all fully paid and gives me a rental income of $20K a month.

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  #12 (permalink)  
Old 27-09-2012, 12:07 AM
Qaz Qaz is offline
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Originally Posted by Unregistered View Post
so easy ah? short term trading is very much like gambling. how much have you made already? the fact that you are still surfing this forum speaks much about your income level (not to mention the things you posted in other threads...)
if long term, then it'll be called investment.
yeah, I'm into short term, dats y called trading. few hours to 1 mth holding only.. past 2 mths, make about 5%/mth.

I dont earn much, last tax return was abt 100K cos of high bonus.. next one shud be under 90k. btw, wat does income level got to do with sharing ideas on how to make $$??

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  #13 (permalink)  
Old 04-01-2013, 12:13 PM
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Investment and trading in shares

If you are keen or interested to trade, please contact me at [email protected]

Cheers & wishing all a great 2013 ahead!

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  #14 (permalink)  
Old 31-03-2013, 01:31 AM
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Can someone explain how to invest in stocks?
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  #15 (permalink)  
Old 31-03-2013, 10:09 AM
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From my many years of investing experience, the best way to grow your wealth in Singapore is by buying Singapore properties. Investing in stocks is my worst experience. I realize that The performance of stocks depends on the companies which are run by people. You have no control on how these people run the company. Some are crooks and some are incompetent. Whereas I have complete control over my properties.

Today after many, many years, I own many properties and their value keeps on appreciating because of Singapore's success as a global, successful city. You should start early and hold on to your properties.

Even though I came from a poor family, Singapore's system has enabled me to be a multi-millionaire today. Thanks to the great government and leaders of our beloved Singapore.
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  #16 (permalink)  
Old 01-04-2013, 07:24 PM
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Originally Posted by Unregistered View Post
From my many years of investing experience, the best way to grow your wealth in Singapore is by buying Singapore properties. Investing in stocks is my worst experience. I realize that The performance of stocks depends on the companies which are run by people. You have no control on how these people run the company. Some are crooks and some are incompetent. Whereas I have complete control over my properties.

Today after many, many years, I own many properties and their value keeps on appreciating because of Singapore's success as a global, successful city. You should start early and hold on to your properties.

Even though I came from a poor family, Singapore's system has enabled me to be a multi-millionaire today. Thanks to the great government and leaders of our beloved Singapore.
Good for you. Do you think it is still a good time to get into property investment? If so, what would be your picks? 99 yrs versus freehold? Landed versus condo? Which area would be a good bet? Woodlands? Paya Lebar or Geylang?

I have been waiting and waiting, and my million dollar is shrinking and shrinking. Very soon, I might not even be able to buy a resale 5 room HDB.
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  #17 (permalink)  
Old 01-04-2013, 10:52 PM
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I agree with those who say property. I bought my first property 10 years ago with a starting capital of $200K. after buying and selling a few units to date my realized gain is $1.35M and paper gain is $550K. As for stocks i have only earned about $80K as i am not confident to dump in too much capital.
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  #18 (permalink)  
Old 04-06-2013, 12:00 AM
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Investment and trading in shares

If you are keen or interested to trade, please contact me at [email protected]

Cheers & wishing all a great 2013 ahead!
Hi, emailed u, please assist n thks!
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  #19 (permalink)  
Old 04-06-2013, 07:56 AM
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Quote:
Originally Posted by Unregistered View Post
I agree with those who say property. I bought my first property 10 years ago with a starting capital of $200K. after buying and selling a few units to date my realized gain is $1.35M and paper gain is $550K. As for stocks i have only earned about $80K as i am not confident to dump in too much capital.
Be careful man. All the property guys are unregistered. May be the same guy for all you know.

My father's property bought in 1979 went up 40x. But do I think the same is going to happen for my time ? I'll be stupid if I do. Different times call for different strategies.

For all those who think property goes up forever, remember Spain (where property went up for almost 30 yrs from mid 80s to mid 2000s) and the US (where there has never been a sustained downturn nationwide until the subprime - so much so that the rating agencies did not model a downturn into their models). In each country, citizens believed that prices will never go down in the long term.

What's more Singapore, where there has been 3 distinct downturns in the last 15 years (1998, 2001, 2009).

Those who do not learn history are doomed to repeat it.

Myself ? I'm putting money in M'sia property (selectively because it has gone up quite a bit as well), and stocks. I would like to put into US property as well, because I think the dynamics are positive, but logistically not easy (those being sold in Singapore are being marketing to Singaporeans, and not Americans for a reason).

Do your own research. Read up. Its your money. Its your life.
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  #20 (permalink)  
Old 04-06-2013, 08:43 AM
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Buying property in Msia is a no no. Political instability, corruption, high crime rate.

Singapore property is still the best, especially condos. 80% of Sporeans live in HDB flat, so many eager to upgrade to posh condos. These people will rush to buy from you. Make sure you jack up your prices.
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