tag:blogger.com,1999:blog-1602023866179666640.post7822560098606376710..comments2024-03-29T16:13:18.422+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Why I DIDN'T chose a 30 year bank loan but a much shorter one???Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-1602023866179666640.post-46842761981724680682017-01-24T19:05:28.332+08:002017-01-24T19:05:28.332+08:00I took a 3 yrs loanI took a 3 yrs loanSKhttps://www.blogger.com/profile/09923322679977211799noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-41015378261476750162017-01-24T15:43:38.847+08:002017-01-24T15:43:38.847+08:00I also re-financed with a shorter loan period few ...I also re-financed with a shorter loan period few years back. It's more of a financial reason. Will post more on my blog soon.JustASingaporeanSonhttps://www.blogger.com/profile/04994716433639505254noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-32133912304589888472017-01-23T22:35:34.323+08:002017-01-23T22:35:34.323+08:00Dead body can worth lots of $$$ but dying body in ...Dead body can worth lots of $$$ but dying body in nursing home is dragging our dependents down to long kang!Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-52758421058362523792017-01-23T22:28:26.515+08:002017-01-23T22:28:26.515+08:00CW,
If its HDB, there's such a thing call Hom...CW,<br /><br />If its HDB, there's such a thing call Home Protection Scheme (HPS).<br /><br />Pay in full early, then go sell salted egg, dependents only get HDB. CPF little.<br /><br />Drag the loan to max 30 years, sell salted egg early, dependents now got "free" HDB and our CPF that's "bigger" since not used up for property ;)<br /><br /><br />But you are right. Not everything is dollars and cents.<br /><br />Our psychology matters a lot too. <br /><br />Everyone's pain threshold are different.<br /><br />Or like football - some play like Brazil, some play like Italy ;)<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-23878008065820661562017-01-23T21:13:29.824+08:002017-01-23T21:13:29.824+08:00In term of monetary gains; it is true for max loan...In term of monetary gains; it is true for max loan period; but in term of peace of mind for our dependents and the state of financial security when something seriously bad happen to us; outstanding loans still have to be paid on time. Can we count on our dependents to have that right level of competency to manage financial crisis and investment portfolio?<br /><br />Paying for the premiums for having a Peace of Mind with one major thing off our life journey and especially when we still have quite number of dependents. We may value financial security and certainty more than future monetary gains.<br /><br /><br /><br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-38237616059827001152017-01-23T20:23:16.858+08:002017-01-23T20:23:16.858+08:00The bank loses real income when we borrow as infla...The bank loses real income when we borrow as inflation rate is higher than the interest on housing loan.<br /><br />Different strokes for different people but as a broad strokes ..Stretch it to the max and more SGDividendshttps://www.blogger.com/profile/10774926511253473514noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-50465570418806980432017-01-23T13:08:08.738+08:002017-01-23T13:08:08.738+08:00The longer loan gives better cashflow and theoreti...The longer loan gives better cashflow and theoretically help to increase our investment funding. The problem is because the amount is lesser monthly, people tend to overpaid or buy beyond their means on property as they seems affordable. Another possible issue is that they are not using or not capable of tapping the cash free up with longer loan.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-76239609255421393892017-01-23T11:58:54.764+08:002017-01-23T11:58:54.764+08:00later retrench wife also jia lat. later retrench wife also jia lat. OT83https://www.blogger.com/profile/10092060003214793123noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-32500333881550172912017-01-23T10:59:23.232+08:002017-01-23T10:59:23.232+08:00I bought a BTO and took a 4 yr loan. It gives me p...I bought a BTO and took a 4 yr loan. It gives me peace of mind.Betta manhttps://www.blogger.com/profile/02597553932202096004noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-70690451069487649962017-01-23T10:09:50.484+08:002017-01-23T10:09:50.484+08:00Thought you are on yr way to become househusband?
...Thought you are on yr way to become househusband?<br /><br />Why scare of retrenchment?<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-8294621630885626572017-01-23T08:17:04.420+08:002017-01-23T08:17:04.420+08:00I took middle route. 25 years loan :( retrench the...I took middle route. 25 years loan :( retrench then jia latOT83https://www.blogger.com/profile/10092060003214793123noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-48551799721419794522017-01-22T21:44:10.987+08:002017-01-22T21:44:10.987+08:00Paying in cash is another form of blessing.Paying in cash is another form of blessing.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-52363637828106343632017-01-22T21:43:12.573+08:002017-01-22T21:43:12.573+08:00Sometime even in Tag team; they also hit each othe...Sometime even in Tag team; they also hit each other. Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-10734898671340740152017-01-22T19:33:55.864+08:002017-01-22T19:33:55.864+08:00CW,
That's better!
Newer readers may have mi...CW,<br /><br />That's better!<br /><br />Newer readers may have misunderstood we are a tag team. Choy!<br /><br />This is the real us - OPPOSITE sides of the SAME coin :)<br /><br /><br />We have a strong competitive edge when they jio us out for kopi - they get to hear BOTH sides of the argument ;)<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com