I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday 1 February 2009

Property Investing - Case study

http://buybyeproperty.com/wp/home
Oct 12, 2008

me & money

Homing in on a good book

A home owner at 24, this new author has written a guide on property investment

By Lorna Tan, Finance Correspondent

Q: What motivated you to write Buy Bye Property?

When I first started investing in property, I was not sure about what I was doing. I bought my first property, a 678 sq ft one-bedroom condo in district 10, for $676,000 in 2002.


Q: Tell us more about your property investments.

As I said, I bought my first property when I was 24. I held on to it for about five years before selling it in the middle of last year (mid 2007)for a small profit of about $150,000. In addition, I had been collecting rental income from the property.

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Let look at ROC ....

$150K for 5 years with capital of $676K.

ROC = 22% for 5 years. Annualized ROC = 4% (I think the Reward/Risk is too low and nothing to shout about)

Noted, he went in 2002 which is also another housing bottom/housing rise.

Like any asset class, it still require lots of skills to be really successful even at market low. You definitely have to get it absolutely right.

Unless one is using his CPF fund which is designated by Govt for property investing only to beat the 2.5% CPF return, I don't really see any good incentives to divest cash to invest in property.
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