Humbly seeking your advice

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Uncle temperament

Don't be confused by my nick. I am by definition not a trader. The annual turnover of my portfolio is not high, maybe < 30%. Whenever I enter a position, I would normally plan to keep it for easily a couple of years, whether for dividends or growth. When I have more ideas than capital, I would use leverage. I look at charts some of the time but charting is not my forte.

I have a day job as well.....

Oh i see. Still you are very good as you dare to use OPM to invest. i dare not.

You can borrow against your own collateral then maybe it's not OPM?
e.g Borrow against life policy...

Ah! Of course! But you still need to pay interest to your insurance company if i am not wrong. And to think of it, it is actually you are borrowing your own money (your insurance cash value) if you surrender the policy.
i say i dare not invest on borrowed-money because i don't have the confidence to make more profit then the interest i have to pay for the loan. To me if i use my own money, the interest i have to pay for the loan is my profit already (POW CHIAK ONE). But i understand it's usually the first place (my own policy's cash value) to go if i have to take a loan because it is usually cheaper than the bank or else where.

Home equity loan might be cheaper, I think. But probably insurance policy much more flexible payment...

[Temperament]

Uncle temperament

Don't be confused by my nick. I am by definition not a trader. The annual turnover of my portfolio is not high, maybe < 30%. Whenever I enter a position, I would normally plan to keep it for easily a couple of years, whether for dividends or growth. When I have more ideas than capital, I would use leverage. I look at charts some of the time but charting is not my forte.

I have a day job as well.....

Oh i see. Still you are very good as you dare to use OPM to invest. i dare not.

You can borrow against your own collateral then maybe it's not OPM?
e.g Borrow against life policy...

Ah! Of course! But you still need to pay interest to your insurance company if i am not wrong. And to think of it, it is actually you are borrowing your own money (your insurance cash value) if you surrender the policy.
i say i dare not invest on borrowed-money because i don't have the confidence to make more profit then the interest i have to pay for the loan. To me if i use my own money, the interest i have to pay for the loan is my profit already (POW CHIAK ONE). But i understand it's usually the first place (my own policy's cash value) to go if i have to take a loan because it is usually cheaper than the bank or else where.

Home equity loan might be cheaper, I think. But probably insurance policy much more flexible payment...

For me, i pray that i don't need or don't have to take a loan, is my policy. Amen.
Cheers!

[NTL]

Uncle temperament

Don't be confused by my nick. I am by definition not a trader. The annual turnover of my portfolio is not high, maybe < 30%. Whenever I enter a position, I would normally plan to keep it for easily a couple of years, whether for dividends or growth. When I have more ideas than capital, I would use leverage. I look at charts some of the time but charting is not my forte.

I have a day job as well.....

Oh i see. Still you are very good as you dare to use OPM to invest. i dare not.

You can borrow against your own collateral then maybe it's not OPM?
e.g Borrow against life policy...

Ah! Of course! But you still need to pay interest to your insurance company if i am not wrong. And to think of it, it is actually you are borrowing your own money (your insurance cash value) if you surrender the policy.
i say i dare not invest on borrowed-money because i don't have the confidence to make more profit then the interest i have to pay for the loan. To me if i use my own money, the interest i have to pay for the loan is my profit already (POW CHIAK ONE). But i understand it's usually the first place (my own policy's cash value) to go if i have to take a loan because it is usually cheaper than the bank or else where.

When buying an investment property and taking up a loan, it will consider investing using OPM.

I had ever considering taking equity from my property and invest using the money. However, I backed out in fear of a falling property price and stock market. I am more comfortable in my present position. Not really a high risk taker.

[Temperament]

Uncle temperament

Don't be confused by my nick. I am by definition not a trader. The annual turnover of my portfolio is not high, maybe < 30%. Whenever I enter a position, I would normally plan to keep it for easily a couple of years, whether for dividends or growth. When I have more ideas than capital, I would use leverage. I look at charts some of the time but charting is not my forte.

I have a day job as well.....

Oh i see. Still you are very good as you dare to use OPM to invest. i dare not.

You can borrow against your own collateral then maybe it's not OPM?
e.g Borrow against life policy...

Ah! Of course! But you still need to pay interest to your insurance company if i am not wrong. And to think of it, it is actually you are borrowing your own money (your insurance cash value) if you surrender the policy.
i say i dare not invest on borrowed-money because i don't have the confidence to make more profit then the interest i have to pay for the loan. To me if i use my own money, the interest i have to pay for the loan is my profit already (POW CHIAK ONE). But i understand it's usually the first place (my own policy's cash value) to go if i have to take a loan because it is usually cheaper than the bank or else where.

When buying an investment property and taking up a loan, it will consider investing using OPM.

I had ever considering taking equity from my property and invest using the money. However, I backed out in fear of a falling property price and stock market. I am more comfortable in my present position. Not really a high risk taker.

Oh yes! We must know when a bird in our hand is worth 2 in the bush.