How do you plan to grow your nest egg ?? :)
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aiyah, kiasuparents, some buy in San Fran, some in NY, Boston, etc etc make sure every city where Ivy league uni is covered…then swap later lor…or at least position is hedged
a colleague just bought a Miami penthouse for a penny…US$120k only … 1/6 of the original price…yearly rental income is 20k…
may be the choice ones in Manhattan all grabbed by the PRC liao …CNN last time featured the whole plane load descended into NY to buy apartments … also hedging for their kids’ education -
HyperKiasu:
if willing to commute for an hour from the city centre of the top 5 cities, still no expensive...other than the top 5, not very expensive....so many foreclosure salesminnie2004:
Actually it's not a bad idea to buy ppty in US now. It won't go wrong if you buy one in Boston or San Fran where most good schools are. Even if your kids don't end up studying in that city, you're still somewhat hedged, assuming the place you bought follows the general market. Of course unless you bought somewhere like Detroit
agree...
but the US ppty if in good location, still not cheap to buy, i guess :? -
HyperKiasu:
This point is very true. My company has presence in princeton area and the houses around there during downtown is still expensive and my colleagues were telling me that the prices still hold.minnie2004:
Actually it's not a bad idea to buy ppty in US now. It won't go wrong if you buy one in Boston or San Fran where most good schools are. Even if your kids don't end up studying in that city, you're still somewhat hedged, assuming the place you bought follows the general market. Of course unless you bought somewhere like Detroit
agree...
but the US ppty if in good location, still not cheap to buy, i guess :? -
verykiasu2010:
wow, penthouse is cheaper than our HDB 3rm flat.....aiyah, kiasuparents, some buy in San Fran, some in NY, Boston, etc etc make sure every city where Ivy league uni is covered.......then swap later lor....or at least position is hedged
a colleague just bought a Miami penthouse for a penny.....US$120k only ..... 1/6 of the original price....yearly rental income is 20k.....
may be the choice ones in Manhattan all grabbed by the PRC liao .....CNN last time featured the whole plane load descended into NY to buy apartments ..... also hedging for their kids' education
haiz, little wonder many friends choose to migrate....
but 1/6 of original price is really a good bargain....whenever and wherever there is a boat, i always miss...haiz....
but PRC è´æˆ¿å›¢ empty-handed back, i read some report...maybe that is different è´æˆ¿å›¢ to different places... -
verykiasu2010:
for those who are thinking of sending the kids to the US for uni studies, it may be a good time to look into buying some ppty in the US now, it has become very very cheap since the banking crisis.....and after the kids have graduated, can still keep to stay if they work in the US, or sell then after the capital appreciation.....US$ now is about 1.35 ??
today 1.3338 (yahoo converter's price. perhaps mid price)
anyway, this is record low rate....MAS said it will step in to buy up US$...if it drops to below 1.34...?? -
HyperKiasu:
HSBC estimates the exchange rate will reach 1.29 by this year-end. They may be wrong of course. Guess by the time my kids go colleage, it is likely to reach 1.0 Then it is better not to buy US property now?verykiasu2010:
for those who are thinking of sending the kids to the US for uni studies, it may be a good time to look into buying some ppty in the US now, it has become very very cheap since the banking crisis.....and after the kids have graduated, can still keep to stay if they work in the US, or sell then after the capital appreciation.....US$ now is about 1.35 ??
today 1.3338 (yahoo converter's price. perhaps mid price)
anyway, this is record low rate....MAS said it will step in to buy up US$...if it drops to below 1.34...?? -
My personal view is to equip oneself with the financial know-how and wait for the right opportunity to enter the stock market.
For one who is financially literate, that person can choose to have a concentrated porfolio rather than a basket of stocks like unit trust. One can hold no more than 3-5 different stocks. Purchase should begin prefably 6-9 months after a major financial crisis on different days to average your costs. One may choose to progressively liquidate the port folio over the duration of a prolonged boom period.
There’s no need to trade the market regulary but there’s a need to monitor the economic climate and operating enviroment. Must have the fortitude and willingness to buy during depress times and learn to sit tight during economic recovery. The former takes courage whereas the latter is extremely difficult to master.
You will be surprise to see excellent bargains during difficult times. At such period, dividends alone can exceed 10% and one can even buy at below cash value. -
yah, any good tips on how to make $$ grow quickly and safely?
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atrecord:
yah, any good tips on how to make $$ grow quickly and safely?
also want to know any good tips on how to make $$ grow quickly and legally ? -
HyperKiasu:
Me too! STI dropped till 1700 I no guts to enter. Heartache to see it escalate to 2000+. Now hovering at 3000 also no guts to enter, limited upside :stupid:whenever and wherever there is a boat, i always miss...haiz....
Don't laugh, I‘m also finance trained. Haiz, 真丢脸
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