Full-time Investor

[CityFarmer]

I was told, many time, multi-millionaires exist among us. Most of time, it is the asset-owned, not net-worth due to miscommunication, and the rest are remained unknown.

A person, with an annual income of 150K alone, able to own property asset worth 10 mil and fully paid up? This time, I have chosen to be skeptical. 

[funman168]

o

I was told, many time, multi-millionaires exist among us. Most of time, it is the asset-owned, not net-worth due to miscommunication, and the rest are remained unknown.

A person, with an annual income of 150K alone, able to own property asset worth 10 mil and fully paid up? This time, I have chosen to be skeptical. 

yes, i was skeptical at first. until i learn that his wife annual income is twice of his.
if u look back the past history of ppty prices, with leverage and gd timing and lots of guts, it is definitely possible...One of the key differences between ppty n stocks is that one can leverage heavily to make big $$. 
actually the true mega bagger in sg is actually property, easily 20x over last 40 yrs.
Sad thing is these can only be stories to most youngsters as it is nt possible now

[pianist]

When one is younger, more energy to work longer hours.
Past 40, job security tanks and where got more energy to work long hours? Will that skillsfuture credit help?
for me..some workdays in a week without dinner is a norm as struck in that hectic 1xxk day work.
What funman has achieved could possibly be a lifeline. Funman master, pl take me in as yr disciple?

Hi pianist,
what i achieve is just a normal feat which anyone can achieve. 
my strategy is really very simple using FA & TA.

1) FA- cashflow analysis
2) TA - MA cutover
3) method 
- only pyramid up and hv no more than 5 counters simultaneously
- keep rotating to others counters if exited one based on MA cutover

All the best to your investments too.

what is yr parameters used for that ma cutover?

[funman168]

When one is younger, more energy to work longer hours.
Past 40, job security tanks and where got more energy to work long hours? Will that skillsfuture credit help?
for me..some workdays in a week without dinner is a norm as struck in that hectic 1xxk day work.
What funman has achieved could possibly be a lifeline. Funman master, pl take me in as yr disciple?

Hi pianist,
what i achieve is just a normal feat which anyone can achieve. 
my strategy is really very simple using FA & TA.

1) FA- cashflow analysis
2) TA - MA cutover
3) method 
- only pyramid up and hv no more than 5 counters simultaneously
- keep rotating to others counters if exited one based on MA cutover

All the best to your investments too.

what is yr parameters used for that ma cutover?

20/50/200

I had bought M1 recently based on TA & MA.
Lets see whether it can be another profitable trade for me.

[opmi]

o

I was told, many time, multi-millionaires exist among us. Most of time, it is the asset-owned, not net-worth due to miscommunication, and the rest are remained unknown.

A person, with an annual income of 150K alone, able to own property asset worth 10 mil and fully paid up? This time, I have chosen to be skeptical. 

yes, i was skeptical at first. until i learn that his wife annual income is twice of his.
if u look back the past history of ppty prices, with leverage and gd timing and lots of guts, it is definitely possible...One of the key differences between ppty n stocks is that one can leverage heavily to make big $$. 
actually the true mega bagger in sg is actually property, easily 20x over last 40 yrs.
Sad thing is these can only be stories to most youngsters as it is nt possible now

so one of the secrets to success is marry a rich wife？ 少奋斗十年 haha

Actually, another way those SG baby boomers (50-60s) got rich is via stock options. Esp those from SIA. If you started working in SIA in 80s, it is hard for you not to be rich. Stock options ex price was $0.50 (before IPO). My sister was the dumb one (in her own words). Never take the options when offered to her coz dont know stock options. Whereas one SIA facilities mgt dept got a lot of millionaires coz the boss made the staff take up the options every year before IPO.

[etan]

Did not buy on impulse and definitely not based on gut feel – may end up banging my head against the wall, hahaha!

I have been hot and cold over this estate for sometime, from the time Ah Khaw was the housing minister. He did action on something, and that triggered my interest in the area. But I was not comfortable to get in at that time.
I was in no hurry as it is just an investment property, with or without does not really matter. I rather be late than wrong. I did a lot of research and also did my own reasoning. I role-play (Q&A) as buyer/seller/owner/developer/the authorities. I followed the news closely - bits and pieces that is related to property, and form my own analysis. It is not as if SLA/URA can conduct classes where you can find out more details, or know what is trending. But anyway, long story cut short, I can only know so much guessing from my mini perspective.

I have done my sums, the rest is up to luck! In case things do not pan out as what I had plan and hope, it’s still ok. The loan quantum is small and manageable.

I do not wish to reveal too much at this stage, and I certainly do not want to count the chickens before it’s hatched. But if I am proven right in time to come, I will share more details here if you willing to hear me out. Let’s make a date! And wish me luck!

I also believe there are still pockets of opportunities out there!

Above said, there is still the fear of the unknown!

On the subject of property, I recently bought one at abt the same price as yours. I really don't know you will call it guts or stupid, to be buying at this uncertain time! if die, die once, nevermind lah! At least still got some residual value...

It seems that emotional factor was the key driver for the "investment".

Gut, after a detail analysis, is necessary to start a new fruitful venture, but "gut-based" investments, are always risky ventures, IMO.

(Sharing a general point, might not reflect the scenario here)

[Bibi]

i think the liquid portion of S$280k is too little to generate S$30k per yr, unless the property is rented out. Once the recurring income from a job is cut off, one have a tendency to make risky bets due to the stress to generate the S$30k returns. 30k/280k is 10% return a year. I mean over 10 years its possible. But every year is not easy. So there will be some years one might eat into existing cash levels.

[funman168]

i think the liquid portion of S$280k is too little to generate S$30k per yr, unless the property is rented out. Once the recurring income from a job is cut off, one have a tendency to make risky bets due to the stress to generate the S$30k returns. 30k/280k is 10% return a year. I mean over 10 years its possible. But every year is not easy. So there will be some years one might eat into existing cash levels.

$200k for investment/dividend income.Annual Dividend ard $10k.
$50k for daily expenses buffer.
$30k for  CFD trading, target annual $30k.
I did consider to rent out a rm to get ard $10k/yr, but guess i will do it only if trading income is nt ideal.

[d.o.g.]

How did u manage to amass such huge value for yr cpf? Amazing

1) RafflesEdu&Midas 30k=> 200k
2) Yoma 200k => 500k
3) Vibrant&Penguin 500k => 900k
btw, i lost 100-200k on junk counter such as acma etc
so in the end only left abt 800k

Raffles Education IPO was in 2002. Midas IPO was in 2004. So the earliest this investment snowball could have started would be 2002.

However, in 2001 the Singapore government had already implemented a 35% limit on CPF investments in shares using the Ordinary Account. The Special Account could not (and still cannot) be used to invest in shares.

This means that even if $30k did turn into $200k, when the shares were sold, that $200k went back into OA, and only 35% of this new OA amount i.e. $70k (plus 35% of fresh CPF contributions) would be available for reinvestment.

For fresh CPF contributions, the salary limit prior to Sep 2011 was $4,500, then it was $5,000 until 2016. Maximum annual contribution including bonus is 17 months * 37% * salary limit. Let's assume the limit was $5,000 from the start date of Jan 2002, the error is only about 10%.

From Jan 2002 to Dec 2015, assuming a salary limit of $5,000, the maximum contribution would be:

17 mths * 14 years * $5,000 * 37% (contribution to CPF) = $440,300.

However at most 23% of the 37% goes to OA (age below 35), so maximum going into OA would be $273,700. Of this, at most 35% is usable for CPF investment into shares i.e. $95,795. Interest paid on CPF is not counted but it is not material for this analysis.

Based on the analysis above, the 3-step snowball given above could not have been achieved with CPF money, whether from the original $30k alone or with help from subsequent CPF contributions.

[BlueKelah]

Thanks for ur detailed analysis d.o.g.

We should stop feeding the trolls now.

Hope admin will review.

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