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Worried About Getting Dementia? Here’s The Ultimate Guide To Making A Lasting Power Of Attorney To Safeguard Your Future!
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The worry is real, guys! In Singapore alone, 1 in 10 individuals aged 60
and above has dementia. Not shocking enough? Source: giphy Half of those
above the...
1 hour ago
https://www.youtube.com/watch?v=QptZ8tYZAkE
ReplyDeleteDuring my time, even Millionaire's sons were encouraged to participate in 2 bites of the cherry by their parents, before having any titles to private properties.
Of course many ordinary folks who had the means or dare, take more than 2 bites of the cherries - (After 2nd bite of cherry, downgrade to a smaller and just 5 years old lease HDB lol or better to condo. Then repeat with one or 2 more time).
Buying HDB BTO is like buying in-the-money European-style call options that can only be exercised 5 years later.
ReplyDeleteResale HDB? That's like slightly out-of-the-money Euro-style call options! LOL!
Frankly for own residential property --- I view as combination of consumption & savings.
Consumption because you need to spend to have shelter anyway.
Savings because for most of your lifetime, you can still get a good savings rate of return after minusing off base expenses, if you sell.
The very good property "savings rate" of 10%p.a. if you bought in the 1970s & early-80s is a reflection of high inflation then. You would have done better buying local stocks & companies. ;)
Good one!
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