tag:blogger.com,1999:blog-1602023866179666640.post1203136151229892190..comments2024-03-29T16:13:18.422+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: My Passive Income!!!Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1602023866179666640.post-82433346181135478442016-04-08T13:53:06.657+08:002016-04-08T13:53:06.657+08:00AFC is one of the most interesting recessions to s...AFC is one of the most interesting recessions to study: its causes and long term effects.<br />one of the lasting effects is that it also enabled singapore to have more breathing room which we have since squandered away regrettably.<br /><br />the experiences of living through the AFC is also one of the devastating a married with children person could have.SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-59523546223078889232016-04-08T13:26:11.577+08:002016-04-08T13:26:11.577+08:00Happening in AFC ...
Read? Not Interested In Inve...Happening in AFC ...<br /><br />Read? <a href="http://createwealth8888.blogspot.sg/2015/07/not-interested-in-investing-or-too.html" rel="nofollow">Not Interested In Investing or Too scared To Invest??? </a><br /><br />Read? <a href="http://createwealth8888.blogspot.sg/2010/04/will-you-try-to-pay-off-your-housing.html" rel="nofollow">Will You Try To Pay Off Your Housing Loan ASAP If You Have One? - Revisit </a><br /><br />In those days before AFC, one could lose job, CPF saving, and investment portfolio. It was real wipe out! <br /><br />Govt did realize that it was far too risk to let people have free hand with their CPF. <br /><br />Paper money so they would just whack!<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-8218619847851023192016-04-08T12:39:12.302+08:002016-04-08T12:39:12.302+08:00my goodness! sometimes tough measures are needed t...my goodness! sometimes tough measures are needed to protect the 'foolish' public from themselves.<br />(foolish as in the https://en.wikipedia.org/wiki/Greater_fool_theory)<br /><br />it's been 18 years since AFC. time flies! having witnessed that at 42 probably helped you for the better, uncle?<br />SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-57332133806967083452016-04-08T11:07:33.065+08:002016-04-08T11:07:33.065+08:00Government did a good job by stricting CPFIS to 35...Government did a good job by stricting CPFIS to 35% of investable balance in CPF OA after AFC. <br /><br />One ex-colleague retired after 1998 with few thousands left in his CPF OA and was scolded by his daughter for his foolishness. Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-30615071211730727362016-04-08T10:27:43.992+08:002016-04-08T10:27:43.992+08:00I think the most passive but not completely passiv...I think the most passive but not completely passive if we are strict about the term passive is:<br />bank deposits during high inflation periods. (again you got caveats!)<br /><br />one of the most investigative posts I came across by young bloggers (mostly, they just shoot off the mouth based on recent history which is a plus sometimes, these are blogs afterall, not editorials or gazetted e-zines ;)) is:<br />http://sgyounginvestment.blogspot.sg/2013/07/the-history-of-post-office-savings-bank.html<br /><br />I was warning friends against high leverage (before the fed kia and had their hands tied) when they asked me about the safest high yielding investments. I told them I didn't know whether we will get to see it during our lifetime: high yield bonds by merit of central bank.<br /><br />so I told them the next best thing: bank deposits during high inflation periods and suddenly this young blogger came up with his post. kudos! <br /><br />take note CPF also correlated closely with bank deposit rates because both are correlated with 10yr government yields.<br />https://www.cpf.gov.sg/Assets/common/Documents/InterestRate.pdf<br />just that CPF has a floor rate, that's all.<br /><br />actually our government did a lot and it is good that they have been prudent. Just that their darts kept missing lately when it comes to the economy.<br /><br />but deposits can withdraw anytime and CPF cannot. ;)<br /><br />now, a bonus for you faithful cw8888 readers, can you guess my next question and the answer to it?<br />;) I don't want you to be too passive ;)SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-84558784998067306552016-04-08T09:31:48.290+08:002016-04-08T09:31:48.290+08:00sianz!
Only when we are dead we are passive. May ...sianz!<br /><br />Only when we are dead we are passive. May be not after visiting Haw Par Villa Garden when I was kid. :-(Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-11410389788551275882016-04-08T09:03:33.281+08:002016-04-08T09:03:33.281+08:00that reminds me, do you do topups? how do you deci...that reminds me, do you do topups? how do you decide when to do topups? and how u decide how much? and if you did compare the 'risk free' rate with market yields (bonds/stocks), what are your steps in comparing?<br />;)SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-38695255651266476632016-04-08T09:02:07.805+08:002016-04-08T09:02:07.805+08:00oh by the way, do you compare FD interest between ...oh by the way, do you compare FD interest between banks? and take some time to decide on the tenure?<br />how do you decide on your tenure?<br />;)SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-16849626496658365122016-04-08T09:01:08.336+08:002016-04-08T09:01:08.336+08:00by the way, CPF no need to sell because everyone d...by the way, CPF no need to sell because everyone doing it. mandatory contribution.<br />;)SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-45838249356104828352016-04-08T08:59:25.550+08:002016-04-08T08:59:25.550+08:00FDs need to go to bank, redeposit the FD proceeds....FDs need to go to bank, redeposit the FD proceeds.<br />;)SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.com