Me & My Money Series (Sunday Times)

[Ben]

If its smrt value investment and why only $3k with conviction?

He invested in SMRT in 2004. He should be about 25 then. I do not know his financial status at that time, so $3K to him then might be a considerable amount. Question is, did he went on to put in more money into SMRT after that? The next few years after 2004 were very good years for SMRT.

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Semi truth? I always have the mindset that whatever you put up for invest/trade on the table, the money is a loan to others and its never technically yours unless its back in your pocket. so considerably investors/traders are always "in debt" or "committed" subject to market conditions.

With his knowledge and experiences, it is hard not to doubt this article that he is out of market. What a different and strange perspective.

Don't quite get you here, care to explain a bit more?

[chialc88]

in today ST me & my money by Rachel Scully

Ms Tan Shu Lin, CEO of OUE commercial REIT:

my husband and I sold our 2,200 SQ FT terraced house in 2012.

we are now renting a condo.

We are waiting for the market to cool down a little.

Love Compassio


A Life not Reflected is a Life not Worth Living.

[pianist]

such a humble diplomatic wordings used..well suited for a ceo
my own feel is - if one can even use own stay home for a bet/speculation in the property market, then he/she is either very smart or a very sophisticated investor/ speculator .. take my hat off and salute 3 times

[opmi]

such a humble diplomatic wordings used..well suited for a ceo
my own feel is - if one can even use own stay home for a bet/speculation in the property market, then he/she is either very smart or a very sophisticated investor/ speculator .. take my hat off and salute 3 times

smart people dont speculate with their 'roofs over their heads'. coz the property market can stay irrational longer than you think.

[godjira1]

such a humble diplomatic wordings used..well suited for a ceo
my own feel is - if one can even use own stay home for a bet/speculation in the property market, then he/she is either very smart or a very sophisticated investor/ speculator .. take my hat off and salute 3 times

smart people dont speculate with their 'roofs over their heads'. coz the property market can stay irrational longer than you think.

Once in a while I feel compelled to reply. opmi, I don't understand the logic behind what you are saying.

So it is rational to own property even if you think property prices are irrational? Where is the boundary - why stop at the roof over your head then?

[felixleong]

Currently renting is considered cheap, one only has to pay 2-4% if you can get a good deal

Before the GFC you could rent in the US for around 1%, that was really a big bubble.

Cheers ^_^

[CY09]

Currently renting is considered cheap, one only has to pay 2-4% if you can get a good deal

Before the GFC you could rent in the US for around 1%, that was really a big bubble.

Cheers ^_^

Singapore's rental yield has ranged around 2-5%. In my view, for our property market to be deemed overvalued, overall rental yield should be <3%. If rental yields are 4%, people will still invest in properties. This is my opnion

[DP28]

such a humble diplomatic wordings used..well suited for a ceo
my own feel is - if one can even use own stay home for a bet/speculation in the property market, then he/she is either very smart or a very sophisticated investor/ speculator .. take my hat off and salute 3 times

smart people dont speculate with their 'roofs over their heads'. coz the property market can stay irrational longer than you think.

Once in a while I feel compelled to reply. opmi, I don't understand the logic behind what you are saying.

So it is rational to own property even if you think property prices are irrational? Where is the boundary - why stop at the roof over your head then?

I disagree, Investment property is different from residential property. They serve different purpose and needs. Property as an asset class is highly illiquid regardless of it's rationality..Unless you are top Real estate manager who is able to generate alpha (like the one whom was mention in today's article), it would be best advice to have a roof permanently over your head.

This is also the reason why advice to many young couple is to apply for HDB first and grow your second or third property from there. You never sell your HDB because it is the foundation to everything.

[pianist]

such a humble diplomatic wordings used..well suited for a ceo
my own feel is - if one can even use own stay home for a bet/speculation in the property market, then he/she is either very smart or a very sophisticated investor/ speculator .. take my hat off and salute 3 times

smart people dont speculate with their 'roofs over their heads'. coz the property market can stay irrational longer than you think.

Once in a while I feel compelled to reply. opmi, I don't understand the logic behind what you are saying.
So it is rational to own property even if you think property prices are irrational? Where is the boundary - why stop at the roof over your head then?

I disagree, Investment property is different from residential property. They serve different purpose and needs. Property as an asset class is highly illiquid regardless of it's rationality..Unless you are top Real estate manager who is able to generate alpha (like the one whom was mention in today's article), it would be best advice to have a roof permanently over your head.
This is also the reason why advice to many young couple is to apply for HDB first and grow your second or third property from there. You never sell your HDB because it is the foundation to everything.

nice earthly comment. the only catch in possessing hdb now even if u did not take up any grant or loan is that 5 yo mop blackout period that prevents one from getting a private condo. opportunity waits for no one.
btw did a face reading for her..indeed got that fortune look.

[opmi]

such a humble diplomatic wordings used..well suited for a ceo
my own feel is - if one can even use own stay home for a bet/speculation in the property market, then he/she is either very smart or a very sophisticated investor/ speculator .. take my hat off and salute 3 times

smart people dont speculate with their 'roofs over their heads'. coz the property market can stay irrational longer than you think.

Once in a while I feel compelled to reply. opmi, I don't understand the logic behind what you are saying.
So it is rational to own property even if you think property prices are irrational? Where is the boundary - why stop at the roof over your head then?

I disagree, Investment property is different from residential property. They serve different purpose and needs. Property as an asset class is highly illiquid regardless of it's rationality..Unless you are top Real estate manager who is able to generate alpha (like the one whom was mention in today's article), it would be best advice to have a roof permanently over your head.
This is also the reason why advice to many young couple is to apply for HDB first and grow your second or third property from there. You never sell your HDB because it is the foundation to everything.

nice earthly comment. the only catch in possessing hdb now even if u did not take up any grant or loan is that 5 yo mop blackout period that prevents one from getting a private condo. opportunity waits for no one.
btw did a face reading for her..indeed got that fortune look.

godjira1, my view is that speculating with 'roof over head' is not wise. My main concern will be constant psychological/emotional pressures from self, wife and family. Worse if prices keep escalating irrationally. likely will 'throw in towel' at the wrong time.

Being 'short' housing means potential upside (ie 'losses' ) unlimited vs limited downside ('cheaper house'). Risk/reward not great. Have to pay rental to keep the 'short' in play. (Assume typical desire for home ownership in Singapore)

My view is same as DP28. 'Roof over head' first to meet a basic Maslow need. Have a secure base that wont be chase out or price out. You need 2 properties to play the physical property cycle. Unless you downgrade.