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
We shouldn't include value of residential home HDB in our net worth calculation.
ReplyDeleteRight?
I will include my residential property home as my net worth.
ReplyDeleteIt is true that leasehold property will depreciate overtime and end with no residential value. If this happen, my net worth is also affected accordingly.
This residential home is classify under Fix Asset.
Quite true.
DeleteProbably after high XX years, the market value of 99 leasehold is likely to be estimated in term of cumulative value of possible rental collections
i agree because you can realised the value of this asset by downgrading to a smaller flat is one of the reasons.
ReplyDelete