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
Depends on what's the property and which are the stocks also ah
ReplyDeleteIt's all about diversification. Throwing all or most of your retirement funds into 1 or 2 properties is similar to buying just 1 or 2 stocks (individual companies, not ETFs or REITs). Most people don't have the $$$$$$ to build a portfolio of 20-50 properties diversified across sectors (residential, office, industrial, etc) and geography across different cities around the world. For e.g. while rentals are in the doldrums in SG, it is fairly booming in NY, LA, SF, London, Sydney.
ReplyDeleteMost Sinkies who bank on property for retirement end up triple-concentrated --- asset (property and just 1 or 2 buildings/units), sector (usually residential), and geography (dependent on SG economy).
I have a small freehold condo in a central location for rental purpose, but it's more for "fun" and for wife to play landlord. We bought it at lows in 2004 when we were more naïve in investments & also due to strong encouragement from both sets of parents.
I find operating a rental property requires quite a bit of hands-on. It's a part-time job at least and definitely not "passive income". We put in more effort to maintain the rental property than even our own home. But then I'm a lazy ass and thankfully my main retirement income comes from ETFs & dual momentum which is much more "passive".
Heheh, me true-blue freaking Sinkie, 2.5yrs armoured infantry. Trained using the old M113s. At that time newly installed 40mm auto-grenade launchers and Milan ATGMs. The Milans were real mother-Fs to carry & run with, worse than running with the 15kgs fully loaded GPMGs. Still remembered signing for my 1st $90 NS allowance on Pulau Tekong. Cursing thru the red dust & red mud of Sungei Gedong. Getting lost in the Australian outback & having to navigate a lone M113 with 7 men thru 200km of desert using map & compass. Basically S'pore taught me more how to shoot & kill and fire & movement. Coz I forgotten most of my Uni stuff liao. Ahhhh those were the days!!! :) :)
DeleteThe giant shipping and packaging company is good for landlords and undoubtedly, they will be employing many workers who need housing to rent from you, if you own a rental in the area. real estate investment management
ReplyDelete