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31-10-2014, 10:26 AM
Agree!
Depend on yourself first (or your God). Every other things are secondary.
Depend on yourself first (or your God). Every other things are secondary.
(31-10-2014, 07:06 AM)greengiraffe Wrote: I never disagree with him. What i don't like is that they never admit their mistakes... they never listen to the grounds that something is not right and they kept pegging HDB prices to that of market to make more $.
Hence my point has always been - they created the problems, problems got out of control due to hot $ flows that has historically been Singapore's history - being SE Asia financial centre and now they are playing god to solve the problems.
Anyway, its not just them, all politicians in the world are the same. Hence we can only pre-empt them and act in out best interests.
https://www.goodreads.com/work/quotes/26...-godfather
“I don't trust society to protect us, I have no intention of placing my fate in the hands of men whose only qualification is that they managed to con a block of people to vote for them.”
― Mario Puzo, The Godfather
In Godfathers I Trust
GG
(29-10-2014, 02:00 PM)specuvestor Wrote: I agree with Tharman and many of us had said in previous threads that developers Ka-ching when market rise and people groan should not KPKB so soon when market corrects
As per our previous discussions, commercially property purchase is like "prepaid expense". Value of this prepaid expense goes up because cost of living, and demand ie population growth, has gone up. End of the day we have to keep this factor of production relatively low to improve our competitiveness. That's why SGD strengthening is losing the mojo as cost drivers are not from imports, but from asset inflation. Now we have to go through the adjustment.
Good thing for us and in many asian countries is that govts were the ones that came in to clamp down on the asset prices, so the adjustment is painful but manageable. Those who dogmatically believe in "free market" will have to experience Spain or Ireland, when markets force your hand to react. UK and Australia would be interesting real-time case studies for those who have never seen it before. Nothing new under the sun.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
![[Image: pipeline-supply-2014-as-of-may.jpg]](https://mndsingapore.files.wordpress.com/2014/07/pipeline-supply-2014-as-of-may.jpg)
