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

Saturday 3 April 2010

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? - Revisit

Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One?

When I told a few colleagues that I have dumped all available CPF money to pay up and took up only 5-year housing loan. I believe some of them might think that I was stupid not to take advantage of the cheapest loan available.

"debt-free and that, to me, is richness enough" - Tabitha Wang

I am telling you that from my own personal experience in the worst crisis I have encountered - 1997 Asian Financial Crisis that what Tabitha said is definitely the Truth
In 1997-98 Asian Financial Crisis (AFC), I have witnessed few colleagues broke down in tears when they were told that they were lay off. Some were so worried about their mortgage payments.

At that time, I was less worried than many other colleagues as I was debt-free after paying up 5-year HDB housing loan some years back before the Asian Financial Crisis. Then I finally realized that "I am not Stupid!"


  1. I agreed with u. Debt free is always good.

    Even if u got lay off then u got 1 thing less to worry

  2. Actually owning good debt may not be that bad idea. But the key thing is if one can have the holding period to tide over the crisis period of a few years. If one can pay off his mortgage loan easily, I am sure his cash position will be good enough to last through the crisis period. If the holding period is short, then forget about owning a private property. It's risky in the current property peak.

    I use my cash to do Value Investing and make sure my returns are 2-3 times more than what my mortgage interest is paid to the bank. In this case, I am making money by using bank money.


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