| 03-01-2021 08:53 AM |
| Unregistered |
I am a 52 yo retired male. Condo paid up.
Lead a simple life. Focus on health and happiness.
I am very happy.
Life is short.
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| 01-12-2020 10:23 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
thanks for sharing. i know you can afford it, but it does not seem like the best investment strategy since your cash flow is negative though? if you sell and put the money into stocks/ETFs that can give you a 7% return per annum, wouldn't that be a better option?
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yes you are right for my case. i do abit of shares investment as well but i still feel getting a property, something physically there is safer.
that's why i only aim for cheaper freehold property, cheap and "forever" mine.
just to share also for many ppl who invested in property
eg.
property price - 600k
downpayment + stampduty (28%) - 168k
while you service ur loan (2k per mth), u start to collect rental of say $1700 per mth. include monthly maintenance fee and yearly tax.. u probably top up about 8k a year.
say 10 years later the property appreciate by 150k
ur total investment = 168k + 80k
return = 750k - remaining loan of about 330k - miscellenous about 10k - agent fee about 15k = 400k
so in total u invested 250k and get back 400k after 10yrs
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| 01-12-2020 01:44 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
negative? oh.. for now still ok because the other one still under development, no need for any monthly repayment. the rental i receive every month + my cpf can cover the balance mortgage loan for my 3 bedder.
counted also, the amount in my cpf special account alone will also hit more than the minimum cpf amount (at least double) by the time i reach 55.
and long term wise i will have 4 freehold property for my retirement and my kid so stil ok.
of cose, these are assuming i dont go jobless along the way. contingency will be just sold off my 2 fully paid property and the one under development.
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thanks for sharing. i know you can afford it, but it does not seem like the best investment strategy since your cash flow is negative though? if you sell and put the money into stocks/ETFs that can give you a 7% return per annum, wouldn't that be a better option?
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| 01-12-2020 12:20 AM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Seriously y'all very rich.
33, stat board, 52k pa. no investment, no hdb, no car.
i feel like a cockroach
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tbh 52k pa at 33 is low. Take all the high income reports on an anonymous online forum with a bucket of salt.
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| 30-11-2020 10:33 PM |
| humble singaporean |
Quote:
Originally Posted by Unregistered
So low. I'm also in IT public sector. Single. 32
Already earning 800k per annum.
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i earn ard the same as u
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| 30-11-2020 06:00 PM |
| Unregistered |
Seriously y'all very rich.
33, stat board, 52k pa. no investment, no hdb, no car.
i feel like a cockroach
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| 30-11-2020 05:42 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Isn't your cashflow negative then?
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negative? oh.. for now still ok because the other one still under development, no need for any monthly repayment. the rental i receive every month + my cpf can cover the balance mortgage loan for my 3 bedder.
counted also, the amount in my cpf special account alone will also hit more than the minimum cpf amount (at least double) by the time i reach 55.
and long term wise i will have 4 freehold property for my retirement and my kid so stil ok.
of cose, these are assuming i dont go jobless along the way. contingency will be just sold off my 2 fully paid property and the one under development.
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| 30-11-2020 04:28 PM |
| Unregistered |
Male
23 fresh grad (No NS)
70k per year
software engineer
single
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| 30-11-2020 02:25 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
landlord. spservices by tenant
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Isn't your cashflow negative then?
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| 30-11-2020 01:15 PM |
| zero_88 |
Quote:
Originally Posted by Unregistered
Male
27 (2.5 years exp)
58k per year
Tech Consulting
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i earn ard the same as u
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