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!

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Thursday 29 August 2019

Is Your 99 Years Leasehold Property HDB Flat An Investment???


Hmm ... 

 Simple and quick answer is ...

 Your 99 years leasehold property HDB flat is you lottery TOTO ticket.

 If you are damn lucky you strike ToTo Jackpot as sole winner and becomes millionaire or multi-millionaire.

 If you are not so lucky like Uncle8888; it is like tio ToTo Group 2! 

 Group 1 and Group 2 is hell of difference!

 :-(

 All HDB flat owners have their winning ticket; but if they forgot to claim their winning ticket by 99 years; it will expire worthless.



Posted by Createwealth8888 at 21:53
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2 comments:

  1. Spur31 August 2019 at 18:19:00 GMT+8

    Buying HDB BTO is like buying in-the-money European-style call options that can only be exercised 5 years later.

    Resale 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. ;)

    ReplyDelete

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