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  #621 (permalink)  
Old 01-05-2012, 02:04 PM
Fifties
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Originally Posted by Unregistered View Post
What's the key to your success?
Stock investments. Some stocks have appreciated by more than 100 folds. They are not dividend-paying stocks as presumed by some bloggers. By investments, I mean buy and hold not trading. Houses are bought as a diversification to stocks, after disposing some of them. Don't think I make any paper profits out of houses after accounting for mortgage interest, taxes, insurance and maintenance.

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  #622 (permalink)  
Old 01-05-2012, 06:14 PM
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Originally Posted by Fifties View Post
Stock investments. Some stocks have appreciated by more than 100 folds. They are not dividend-paying stocks as presumed by some bloggers. By investments, I mean buy and hold not trading. Houses are bought as a diversification to stocks, after disposing some of them. Don't think I make any paper profits out of houses after accounting for mortgage interest, taxes, insurance and maintenance.
100 folds?! Osim is only about 10+ times off the top of my head. Which stocks achieved 100x?

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  #623 (permalink)  
Old 01-05-2012, 08:09 PM
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100 folds?! Osim is only about 10+ times off the top of my head. Which stocks achieved 100x?
Were in US markets. Checked out AAPL, GMCR and MNST.

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  #624 (permalink)  
Old 01-05-2012, 08:22 PM
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Were in US markets. Checked out AAPL, GMCR and MNST.
You bet correctly on these stocks? Wow!
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  #625 (permalink)  
Old 01-05-2012, 10:30 PM
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I'm 40. Married with 2 children and wife not working.

Income: 5k
Cash: 15k
CPF: 20k
Stock: Nil
HDB: worth around 400k, but still got 300k loan.

Feel so poor after seeing so many multi-millionaire here..
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  #626 (permalink)  
Old 01-05-2012, 11:12 PM
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I'm 40. Married with 2 children and wife not working.

Income: 5k
Cash: 15k
CPF: 20k
Stock: Nil
HDB: worth around 400k, but still got 300k loan.

Feel so poor after seeing so many multi-millionaire here..
No need to feel poor. If u have health, love and respect in your family, you are rich. These are things that $$$ cannot buy
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  #627 (permalink)  
Old 02-05-2012, 02:07 AM
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You bet correctly on these stocks? Wow!
Bought AAPL and GMCR. Loved Apple products and drank a lot of coffee. Didn't buy MNST nor MSFT. Also, have AKAM, Yahoo! and Inktomi (bought over by Yahoo!), lost a bundle. As an IT guy, familiar with IT firms only. Could well be dumb luck that some of the purchases appreciated so much, compensating for those disastrous purchases.

Btw, didn't own any landed properties, staying in a small condo. Just feel uncomfortable in spending so much monies in "roof over our heads". Thought stocks is a better investment.
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  #628 (permalink)  
Old 02-05-2012, 03:11 PM
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Age:53
Occupation: single income in stockbroking
Property: $6.6m (3 properties, one houses parents, other is rented)
Stocks & Unit Trusts: $5.1m
CPF: $1.5m
Cash: $300K
Other Assets: A few cars
Loans: $3m (both property and margin financing)
Income: $450K (salary plus bonus - used to be higher when I worked harder) & $350K of passive income from rental, interest & dividends

We did gain $800K from sale of 1 property a few years ago, otherwise all of the value of the financial investments was through earning, saving and investing.
$1.5m in cpf, ur rather dumb.
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  #629 (permalink)  
Old 02-05-2012, 05:42 PM
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$1.5m in cpf, ur rather dumb.
You the dumb one. CPF makes 4-5% interest and there are ways to utilize it.
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  #630 (permalink)  
Old 03-05-2012, 09:23 AM
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$1.5m in cpf, ur rather dumb.
When I said $1.5m in CPF, it doesn't mean that it's with the CPF board. The special account is maxed out to get the 4% yield, but about 80% of the ordinary account is in a unit trust that yields 1% of NAV per quarter or about 4% per year and gives me equities upside in the long term. Return on my ordinary account has been roughly 6-7% for the past 10 years. I don't use CPF for property because I can borrow USD or SGD for about 0.8-0.9% currently. Interest and dividends on my CPF alone give me about $3,500 per month or about $40-50K per year. I consider myself a conservative but steady investor.
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