My Celestial Prediction 2016 for my beloved bro and sis here :

[blackjack21trader]

Title: My reply to a fellow brother's request for my opinion on global economy 2016-2019.

I m flattered u asked for my opinion. Dun wish to scare anyone but I think u r right....the world may be able to avert a currency crisis if and only if FED is able to adjust the rates carefully and in a correct manner.

The important point to keep in mind is, good bro, that oil is crashing and many economies can see it coming now. Previously, everyone's talking about oil crash but see nothing, but right now this moment in the market, everyone can SEE the crashing oil chart heading towards US$12 !

FED missed many chance to raise interest in previous rosy occasions but she chose to raise it at the most unsuitable time when everyone's slowing down. What will happen next in 2017-2018 is the possibility of a currency war leading to trade wars..only this time on a global scale.
This is what that is spooking investors right now..and why the equity markets are crashing right now.( Dun be too happy if u see a little bounce now and then, it will still continue to crash in the next sessions! )

For Singapore to go into recession is not impossible, but I think that our MAS and reserve are both resilient enough...so most likely a technical retreat at most, unless unemployment rates crept up to unacceptable level which I think is unlikely here.

Our government policy makers are fierce/resolute enough and I trust they can contain our domestic business cowboys impeding any massive capital outflows( I know some of them personally, so I can affirm the quality of their character & wisdom for u ) . That should put majority of us here in safe hands & our minds at peace.

However, we dun live alone..and because of this fact, we cannot control other nations' economic, monetary or forex policies. nations are made up of humans, so there is a very high possibility some of them might crack and become panic spiders...much like a demented fallen soldier shooting aimlessly with a machine gun.

They will do that because monkeys see monkeys do...they will follow FED's QE2Infinity example !

The difference this time is, these Quantitative Easing measures will set back the various economies many steps back due to the counter inflationary pressure that is going to be created on many common goods.(QE will inflate an economy, but at the same time if done wrongly, it could create a deflationary spiral when the capital outflow is too strong..the key is effective capital control which will inevitably resulted in draconian measures as most of these countries are usually not really free capitalist but socialist with a central control.)

u see, this is how we think the global scenario will turn out if a wrong move in interest rates is made by FED this year (2016, FED will have to make at least 4 interest rates maneuver this year). And why do we think FED's interest policy is so important: The reason is that oil is tied to US$ and US$ is in turn pegged to SOR or US interest rates.

We all know the final component here will be the FOREX or currency used for global trade. As such, the FOREX element will not only affect domestic economies like prices of capital, goods, labor and so on..but the trading partners of a country, agree ? This serious scenario could be compounded if UK successfully exit the European Union in order to protect her own trade or currency.

But I or rather, my comrades and I think that it will only take a single panic spider nation to start it's own massive QE and the rest shall follow like a domino effect, u know...this is the currency war everyone's talking about but have absolutely no idea that this is how it will happen..now they know..LOL.

If indeed that happens, trade wars will follow next like in every single previous grave enough recessions..during the 1930s-1940s Great Depression, Germany went through the same exact path with her neighbors: 1) Recession --> Capital Outflows---> High Unemployment --->Currency Wars--> Trade Wars and finally u know what happened next.

Good Luck and dun worry too much, if any problem can be solved with money or policies, it will not be a problem very soon.

(1) Just stay in Singapore Dollars since MAS already pegged a basket of currencies to it, so it is the most valuable or least risky currency in the world right now.

(2) Dun try to be a hero and unwittingly go and invest in any foreign properties of developing/second-tier countries (INCLUDING CHINA ) at this point in time ! Do it only after the storm has started or the durians have fallen from the trees

(3) Singapore has so many scholars that we paid millions for; so dun worry about it..anything happens, simply pick them up for a good scolding or take a cane and cane them at the Meet-the-People sessions can already..they will squeeze every single last drop of their brain juice to solve the crisis for us. We need not worry !

(4) Always prepared mentally for the stormy days and exercise due diligence in managing financial risk.

Your humble brother under the Grace of Our Father in Heavens,
Tay Sim Tian
a.k.a blackjack21trader

( TO BE CONTINUED )

[Lord Anus]

Oei! Welcome back! How have you been, brother??

[blackjack21trader]

Oei! Welcome back! How have you been, brother??

Thanks for ur support...very busy but hanging in there, brother :)

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 8B)

Besides the 2 criteria I mentioned in my previous writeup, there are certain less discerning factors affecting the process of property selection. And in this part, I will touch on the basic “fengshui” principles involved in the selection of your property.

Of course I am no expert in fengshui, but my years of selecting properties based on certain basic principles of fengshui has helped me in my investment. If you are very serious into it, do approach the experts on my friend's list. What I am sharing here are novice information and may not be applicable for all properties, but surely you can use them to apply in a general way or at least to help you shortlist your list.

The why of using Fengshui. This Chinese Ancient Knowledge has some 5000 years of history. It encompasses the best knowledge of Chinese Imperial Advisers when advising the Emperors in almost everything they built in China. Until the arrival of the Qin Dynasty, where most of the knowledge was destroyed, I could safely tell you that they are “scientific” and useful to a great extend when you use them in your property investment.
The first principle I used is called the “Left Green Dragon” and the “Right White Tiger”. Any property, or building are labelled in Fengshui in this manner. And the Dragon represented Male Power and the Tiger represented Feminine Characteristic. I will just touch on the very basic of using this principle as a guide in my future installments.

Figuratively, it is represented as shown in the images I uploaded.

( To be continued )

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xtp1/v/l/t1.0-9/12193799_1648151655472752_7105519636114454674_n.jpg?oh=04da530f7196446f52b7de086a4af74f&oe=5736865B

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xfa1/v/t1.0-9/12196115_1648151725472745_2764669795487630369_n.jpg?oh=32f639a1bcefbf35b9efa5e3c672249d&oe=572E8558

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 8C)
In Fengshui, it is believed that there is an invisible energy called "QI" that travels through a property. This QI travels differently according to different layout of a property. ( See attached images.)

If there are no balcony, then the QI should travel into the unit via the front door. But if there is a balcony like most modern homes, then the QI will travel in from the balcony. ( This is not wind or breeze hor ! )

It will go around the whole house including the rooms on the same level before exiting as indicated by the red arrows in the picture.
The idea is to select a layout that makes the QI travels either to the "GREEN DRAGON" or the "WHITE TIGER". This depends on your objective.
For example, if the man of the house is the main breadwinner, then you select a layout with the master bedroom on the "GREEN DRAGON" side.
But in our modern times, there are career women who are the main breadwinner of a house. So you select the layout with the master bedroom on the "WHITE TIGER" side.

If both are breadwinner then how ? Well,then you should go for a landed house or a duplex unit that has the master bedroom on another level.
The key is to make either the "GREEN DRAGON" or the "WHITE TIGER" stronger. And because of this QI that will energise the 2 creatures, it is very important not to place any religious altars on either side of these 2 walls. The best is to have the altar facing the front door or the balcony.
If you place the religious altar (Taoist ) on the DRAGON side, the "gods" will be stronger and the chinese lots u draw from them will be very accurate .BUT they may decide to take over ur household later if your birth 8 characters is not strong enough. ( e.g not enough metal element in your character)

If you place the altar on the TIGER side, the "gods" will be "feminine" in nature, and hence will give u indecisive outcome when you draw the chinese lots from them.
( To be continued )

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xpt1/v/t1.0-9/12195906_1648161392138445_1762830641503272788_n.jpg?oh=c9b08e76a0551fe59e5550213834398c&oe=5743E7D9

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xta1/v/t1.0-9/12063777_1648161495471768_743422112911173589_n.jpg?oh=4928ae1950dd4fbcb0d3af189a2f9119&oe=572B36BF

[proud owner]

Welcome back Mr Houdini ....

[blackjack21trader]

Welcome back Mr Houdini ....

Thanks for ur support, u r the best, good bro :tu

[blackjack21trader]

u guys must be wondering why i chose this time to return....well, because it is the final chance u can take the boat ! I know some of u missed the last property run, so I am back here to remind u :)

[proud owner]

bro you finally show FACE and NAME .....

impressed siah ..

[blackjack21trader]

bro you finally show FACE and NAME .....

impressed siah ..

Thanks good bro for ur support all these years when I was undercover hehehehe

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 8D)

Before I continue more next week on Fengshui, there is something I need to clarify here.

One of my friends ever asked me, " Why you Christian you still believe in Fengshui ?"

Well, I cannot say for all Christian, but my answer is a simple , "Why not ?"

Did Fengshui use blackmagic ? Did they pray to "gods" ? This is an ancient knowledge of mathematics and probability from my study of this subject, but unfortunately greatly misunderstood by many to be of some sort of magic. I suspect the "magical" element is due to some ancient Chinese Imperial cover up by the Emperors from the common people. If you do not wish to teach the people a knowledge, what would the Emperors do? Of course they tell them it is magic, get it?

Let me give you an example. If you bought a house facing a road exit with oncoming traffic directly, it is considered bad in fengshui. Fengshui says that the owners will have bad luck.

Why of course he will have bad luck. Just imagine at night while on the sofa watching TV or relaxing, all the car headlights streaming into his living room randomly. What would that do psychologically to his mental health ? It will be like you are suddenly "shocked" by the headlights whenever your mind try to calm down or when you are about to fall asleep. ( In ancient times, it is worse because they use flickering candle lights on the carriages)

Conclusion :He will make many bad decisions as a result of the poor mental health.

I hope I make myself clear and would not offend anyone by sharing my little knowledge of fengshui with you guys here. Nowadays, the social media is very unforgiving, so I better be careful on what I am sharing LOL.

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 1 )

The Public Housing policy in Singapore is unique in the World because it has created an arbitrage in investing and thereby opening up an opportunity for every Singaporean to become a millionaire.That is, if you know how and have a plan first.

Because you must be a Singaporean and form a family nucleus to buy a new HDB flat ( not a resale flat, but a new launch HDB flat offered by HDB ), you must first become a Singaporean and get yourself married.

Singaporean can also buy a pre-owned HDB flat in the resale market. However, a new flat (first owned) by HDB is very much lower than a resale flat (or pre-owned ) in the open market due to the government grants. Your objective is to start at the new flat segment or BTO segment.

The arbitrage difference between a new HDB and an old resale flat can be as much as S$400,000 on the average. Because in new flat, the market is small (limited to Singaporean only ) and limited by household income, while in the resale market new buyers with higher purchasing power ( Singaporean plus Permanent Residents of Singapore ) are introduced into the market. Herein lies the investing arbitrage I am talking about( arbitrage is the practice of taking advantage of a price difference between two or more markets, in forex for example, arbitrage can exist between 2 country currencies).

This price arbitrage existed not only between the new HDB and resale HDB, but also between the Executive Condominiums (HDB) and the Private Condominiums.

Due to HDB government subsidy or housing grant, this arbitrage advantage is further amplified..it is as good as saying the Singapore government is giving you free money. Once a buyer comes along and after fulfilling your minimum HDB occupation period, you can realise this tasty profits and move on to the next property segment.

Why you need 8 years to get to US$1 million is because of HDB imposing a holding period on certain public housing ownership. You can get there faster if you got an upgrade in your income or job. However, once you gotten your US$1 million, there will be no turning back for you after entering the next level of the playing field: The private housing segment ( Market Size: Singaporeans plus Permanent Residents plus Rich Foreigners ).
So, now you roughly have a little background knowledge oft the public housing system in Singapore. The next step is to have a plan and die die must be an asset owner of HDB after your first job.

( To be continued next week )

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 2 )

In our society there are many kinds of people. Some like to work, some like to enjoy life, while yet some are neither. But ultimately, there is one pervading ideology everyone of any types of personality should pursue, and that is to be financially free.

Financially free does not mean you have to have no loans. For what use is it, if you have no loans and still cannot enjoy life to the fullest? Or, lurking within your mind is when you are going to pay that utlity bill, or have a nice dinner, or a nice tour. Or even, when while having a nice tour, you have to worry about your next bill?

Financial freedom is not a new concept. In the 90s, while I was still a student at NUS, I had already encountered this concept by reading books written by American authors. I find that while much of the ideas behind is admirable, to apply it in real life is a humongeous task. Therefore, I set upon finding the "truth" after leaving school and spending some times in various industries including my own family business.

In order to understand the full practical application of this concept, I even became a property agent. Just to understand what it was like to be a mega sales man. I met some great mentors. These were small companies, but indeed I learnt a great deal about property from them, the technicality part. It was then that I gotten to meet many successful property investors who stay in GCB ( Good Class Bungalows), and I always wonder..how did these investors do it ? What is it that they do that enabled them to be so successful ?

Why, one could say it is because they are bankers or businessman...but then, there has to be a starting point, don't you agree? And what is this "starting" requirement ? What is this particular criteria besides all the usual craps of like being a focused and determined and hardworking human being? I mean, any normal healthy human being can be focused and determined and hardworking, yet then why I don't see everyone staying in GCB but only a select handful ?

There has to be a hidden criteria, I thought to myself....whether one is a working class or a banker, definitely there must be another way to expand one's wealth. I found this principle to be financial leverage.

( To be continued )

[Arcachon]

Long time no read your post, every time read your post learn something new, Thanks. (Merci beaucoup)

[DMCK]

its been a long time, see your post feel like i just join the forum..

[blackjack21trader]

Long time no read your post, every time read your post learn something new, Thanks. (Merci beaucoup)

Thanks good bro :)

[blackjack21trader]

its been a long time, see your post feel like i just join the forum..

So kind of u to say that, bro :)

[cbsh38584]

Title: My reply to a fellow brother's request for my opinion on global economy 2016-2019.

I m flattered u asked for my opinion. Dun wish to scare anyone but I think u r right....the world may be able to avert a currency crisis if and only if FED is able to adjust the rates carefully and in a correct manner.

The important point to keep in mind is, good bro, that oil is crashing and many economies can see it coming now. Previously, everyone's talking about oil crash but see nothing, but right now this moment in the market, everyone can SEE the crashing oil chart heading towards US$12 !

FED missed many chance to raise interest in previous rosy occasions but she chose to raise it at the most unsuitable time when everyone's slowing down. What will happen next in 2017-2018 is the possibility of a currency war leading to trade wars..only this time on a global scale.
This is what that is spooking investors right now..and why the equity markets are crashing right now.( Dun be too happy if u see a little bounce now and then, it will still continue to crash in the next sessions! )

For Singapore to go into recession is not impossible, but I think that our MAS and reserve are both resilient enough...so most likely a technical retreat at most, unless unemployment rates crept up to unacceptable level which I think is unlikely here.

Our government policy makers are fierce/resolute enough and I trust they can contain our domestic business cowboys impeding any massive capital outflows( I know some of them personally, so I can affirm the quality of their character & wisdom for u ) . That should put majority of us here in safe hands & our minds at peace.

However, we dun live alone..and because of this fact, we cannot control other nations' economic, monetary or forex policies. nations are made up of humans, so there is a very high possibility some of them might crack and become panic spiders...much like a demented fallen soldier shooting aimlessly with a machine gun.

They will do that because monkeys see monkeys do...they will follow FED's QE2Infinity example !

The difference this time is, these Quantitative Easing measures will set back the various economies many steps back due to the counter inflationary pressure that is going to be created on many common goods.(QE will inflate an economy, but at the same time if done wrongly, it could create a deflationary spiral when the capital outflow is too strong..the key is effective capital control which will inevitably resulted in draconian measures as most of these countries are usually not really free capitalist but socialist with a central control.)

u see, this is how we think the global scenario will turn out if a wrong move in interest rates is made by FED this year (2016, FED will have to make at least 4 interest rates maneuver this year). And why do we think FED's interest policy is so important: The reason is that oil is tied to US$ and US$ is in turn pegged to SOR or US interest rates.

We all know the final component here will be the FOREX or currency used for global trade. As such, the FOREX element will not only affect domestic economies like prices of capital, goods, labor and so on..but the trading partners of a country, agree ? This serious scenario could be compounded if UK successfully exit the European Union in order to protect her own trade or currency.

But I or rather, my comrades and I think that it will only take a single panic spider nation to start it's own massive QE and the rest shall follow like a domino effect, u know...this is the currency war everyone's talking about but have absolutely no idea that this is how it will happen..now they know..LOL.

If indeed that happens, trade wars will follow next like in every single previous grave enough recessions..during the 1930s-1940s Great Depression, Germany went through the same exact path with her neighbors: 1) Recession --> Capital Outflows---> High Unemployment --->Currency Wars--> Trade Wars and finally u know what happened next.

Good Luck and dun worry too much, if any problem can be solved with money or policies, it will not be a problem very soon.

(1) Just stay in Singapore Dollars since MAS already pegged a basket of currencies to it, so it is the most valuable or least risky currency in the world right now.

(2) Dun try to be a hero and unwittingly go and invest in any foreign properties of developing/second-tier countries (INCLUDING CHINA ) at this point in time ! Do it only after the storm has started or the durians have fallen from the trees

(3) Singapore has so many scholars that we paid millions for; so dun worry about it..anything happens, simply pick them up for a good scolding or take a cane and cane them at the Meet-the-People sessions can already..they will squeeze every single last drop of their brain juice to solve the crisis for us. We need not worry !

(4) Always prepared mentally for the stormy days and exercise due diligence in managing financial risk.

Your humble brother under the Grace of Our Father in Heavens,
Tay Sim Tian
a.k.a blackjack21trader

( TO BE CONTINUED )


I watched the CNBC news yesterday. One of the them said that the European banks are in trouble & some of the
banks may go to ZERO. It also include CITIGROUP. Really depressing. But I don't think it will happen. Most of the
European banks are at 52 wks low. If U have the recent bank COCO bond. U need to be extra careful. Know when
to take profit or cut loss if needed.

[Kelonguni]

Thanks bro! Glad to have you back with us.

It's good to have a double balcony then with green dragon and white tiger?


The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 8C)
In Fengshui, it is believed that there is an invisible energy called "QI" that travels through a property. This QI travels differently according to different layout of a property. ( See attached images.)

If there are no balcony, then the QI should travel into the unit via the front door. But if there is a balcony like most modern homes, then the QI will travel in from the balcony. ( This is not wind or breeze hor ! )

It will go around the whole house including the rooms on the same level before exiting as indicated by the red arrows in the picture.
The idea is to select a layout that makes the QI travels either to the "GREEN DRAGON" or the "WHITE TIGER". This depends on your objective.
For example, if the man of the house is the main breadwinner, then you select a layout with the master bedroom on the "GREEN DRAGON" side.
But in our modern times, there are career women who are the main breadwinner of a house. So you select the layout with the master bedroom on the "WHITE TIGER" side.

If both are breadwinner then how ? Well,then you should go for a landed house or a duplex unit that has the master bedroom on another level.
The key is to make either the "GREEN DRAGON" or the "WHITE TIGER" stronger. And because of this QI that will energise the 2 creatures, it is very important not to place any religious altars on either side of these 2 walls. The best is to have the altar facing the front door or the balcony.
If you place the religious altar (Taoist ) on the DRAGON side, the "gods" will be stronger and the chinese lots u draw from them will be very accurate .BUT they may decide to take over ur household later if your birth 8 characters is not strong enough. ( e.g not enough metal element in your character)

If you place the altar on the TIGER side, the "gods" will be "feminine" in nature, and hence will give u indecisive outcome when you draw the chinese lots from them.
( To be continued )

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xpt1/v/t1.0-9/12195906_1648161392138445_1762830641503272788_n.jpg?oh=c9b08e76a0551fe59e5550213834398c&oe=5743E7D9

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xta1/v/t1.0-9/12063777_1648161495471768_743422112911173589_n.jpg?oh=4928ae1950dd4fbcb0d3af189a2f9119&oe=572B36BF

[blackjack21trader]

Thanks bro! Glad to have you back with us.

It's good to have a double balcony then with green dragon and white tiger?

Thanks good bro..should not be an issue la ;)

[blackjack21trader]

I watched the CNBC news yesterday. One of the them said that the European banks are in trouble & some of the
banks may go to ZERO. It also include CITIGROUP. Really depressing. But I don't think it will happen. Most of the
European banks are at 52 wks low. If U have the recent bank COCO bond. U need to be extra careful. Know when
to take profit or cut loss if needed.

Thanks for sharing. U r right, bro and most ppl are still sleeping... So happy u stay awake :P

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 4 )

Your first priority and objective after landing on your first job is to acquire an asset like HDB. In fact, one should be planning his/her first asset acquisition while in school and consider a trust worthy partner to join you in the quest. This partner is none other than your own spouse.

This is because, with 2 incomes, your financial strength in property investment would have doubled rather than depending on one income alone. Furthermore, with a spouse, you can apply for a new BTO at HDB. ( refer to Part 1 of this writeup installment )

Your investment risks will be greatly reduced in case one income is lost, you can still maintain the asset with another. Remember, your ability to hold the property for a longer period determines the success or failure in your investment.

In property investment here in Singapore, it is just like investing in wine: the longer you hold the asset, the higher the value. This is not true in properties over the world, but is an undeniable fact here in Singapore as long as certain conditions are met . How so ?

Just take a good look around you when you go to work later today. What did you see ? Can you see the major urban redevelopment our government is doing now? Did you see a new park there, a construction of a new hospital, school, business hub, shopping mall, MRT stations, etc , etc ? Well, if you have been sleeping on the bus while going to work, it is high time you open your eyes today!
There are some very major development and city renewal sprouting out now in Singapore. From my humble observation, in another 10 years' time, Singapore will be a fully renewed city. 10 years is a very short time, for the age of a city, so to speak.

This urban renewal, is the stored wealth ready to be put into your property value in 10 years' time when the city is fully renewed. I am very confident of it and most sure it will be a great success, like what Singapore has been in her previous 50 years.

Right now before your very eyes, is the next milestone to be achieved by Singapore. And if you miss it, you just may have to wait another 30 years for the opportunity to capitalize on the next city redevelopment/renewal milestone.

Don't it feels great when you know someone is doing the hardwork of revaluating your asset for you right now at this moment, and you will stand to gain the profits 10 years down the road? ( Judging the rate of modern construction at about 4-5 years for most project completion time here ).
In the next part, I will discuss with you the current City Masterplan of Singapore. What is it that I saw that makes me think Singapore will be completely renewed, and I will reveal to you why I am so confident of the plan's success.

(To be continued )

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 5A )

The reason that one would want to start the property investing route in NEW HDB is because of the low risk and low capital outlay. Furthermore, our government is currently working actively especially in new towns to build the infrastructures.

The more infrastructures that the govenment are building in these new towns like Pasir Ris and Pungool, the more value would be added to the new HDBs there. In fact, I feel the current young generation is so blessed that they are born at the right time and now the government are investing in redevelopment in the new towns when they are just stepping into the working society.

Of course, for matured town, the convenience and amenities are all there, so the value are more or less reflected in the high prices there. Not to say that there are no more room for price appreciation;but for new towns, the next price revaluation will be greater and more significant.
In the new towns, the concept and design for these infrastructures and buildings are modern, up-to-date and new. While in older towns, I would expect the improvements would be limited until the next major upgrade.

The key is to capture this "redevelopment wave" and ride with it. Anyway, for property investment, one is expected to hold it for at least 5 years for the investment returns to be meaningful. Because, at the peak of the redevelopment process in the new towns, it would have been very clear to the new buyers then to see all the benefits of the completed amenities.

There are many simple minded property investors who think that if they sell their HDB, where then can they stay? They have to find a replacement in 5 to 10 years time, is it not ? Well, one can continue to stay and enjoy their home, or if one has accumulated enough savings within this 5-10 years period and have an income upgrade, the investor could then turn to upgrade their homes to Executive Condo or Private Condos. Otherwise, just stay in the old home and enjoy the benefit of the new valuation.

Think about it, how many 10 years does a human being got ? LOL

( To be continued )

[hopeful]

yo blackjack, if more and more people follows your formula and become a millionaire, what value is a millionaire then? :)

don't use wine investing as an example leh, quite a number of scams come up to light recently :)

[blackjack21trader]

yo blackjack, if more and more people follows your formula and become a millionaire, what value is a millionaire then? :)

don't use wine investing as an example leh, quite a number of scams come up to light recently :)

yo good brother, so happy u asked me. While it is true that if everyone becomes a millionaire here in Singapore, it would appear to be meaningless.

But my logic is there will still be billions of non-millionaires outside of Singapore even everyone here becomes a millionaire here, tiobo?

Agree there are some black sheeps in the wine markets, but the values of antique wine does go up as history has shown. Also agree with u that using wine as an example in my article may not be suitable :)

[Ilikeu]

yo blackjack... so your view is that new buyers into bto should go to towns like punggol instead of mature ones like ang mo kio/toa payoh/clementi?




The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 5A )

The reason that one would want to start the property investing route in NEW HDB is because of the low risk and low capital outlay. Furthermore, our government is currently working actively especially in new towns to build the infrastructures.

The more infrastructures that the govenment are building in these new towns like Pasir Ris and Pungool, the more value would be added to the new HDBs there. In fact, I feel the current young generation is so blessed that they are born at the right time and now the government are investing in redevelopment in the new towns when they are just stepping into the working society.

Of course, for matured town, the convenience and amenities are all there, so the value are more or less reflected in the high prices there. Not to say that there are no more room for price appreciation;but for new towns, the next price revaluation will be greater and more significant.
In the new towns, the concept and design for these infrastructures and buildings are modern, up-to-date and new. While in older towns, I would expect the improvements would be limited until the next major upgrade.

The key is to capture this "redevelopment wave" and ride with it. Anyway, for property investment, one is expected to hold it for at least 5 years for the investment returns to be meaningful. Because, at the peak of the redevelopment process in the new towns, it would have been very clear to the new buyers then to see all the benefits of the completed amenities.

There are many simple minded property investors who think that if they sell their HDB, where then can they stay? They have to find a replacement in 5 to 10 years time, is it not ? Well, one can continue to stay and enjoy their home, or if one has accumulated enough savings within this 5-10 years period and have an income upgrade, the investor could then turn to upgrade their homes to Executive Condo or Private Condos. Otherwise, just stay in the old home and enjoy the benefit of the new valuation.

Think about it, how many 10 years does a human being got ? LOL

( To be continued )

[indomie]

I watched the CNBC news yesterday. One of the them said that the European banks are in trouble & some of the
banks may go to ZERO. It also include CITIGROUP. Really depressing. But I don't think it will happen. Most of the
European banks are at 52 wks low. If U have the recent bank COCO bond. U need to be extra careful. Know when
to take profit or cut loss if needed.


Is It Time To Panic About Deutsche Bank?
Submitted by Tyler Durden on 02/03/2016 23:29 -0500


 
Back in April 2013, we showed for the first time something few were aware of, namely that "At $72.8 Trillion, The Bank With The Biggest Derivative Exposure In The World" was not JPMorgan as some had expected, but Germany's banking behemoth, Deutsche bank.

Some brushed it off, saying one should never look at gross derivative exposure but merely net, to which we had one simple response: net immediately becomes gross when just one counterparty in the collateral chains fails - case in point, the Lehman and AIG failures and the resulting scramble to bailout the entire world which cost trillions in taxpayer funds.

We then followed it up one year later with "The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP."

[blackjack21trader]

yo blackjack... so your view is that new buyers into bto should go to towns like punggol instead of mature ones like ang mo kio/toa payoh/clementi?

yo bro, i believe new towns are cheaper and more upsides than matured ones. hence the risk should be lower for young couples. Have u been to pungool waterway mall? i have, and i can see the potential.

[yowetan]

yo bro, i believe new towns are cheaper and more upsides than matured ones. hence the risk should be lower for young couples. Have u been to pungool waterway mall? i have, and i can see the potential.

Can you teach me how to succeed in property? I am struggling now. Job is not secure and uncertain and struggling with loan.

[Ilikeu]

No, i have not.
Isn't it just like those Eastpoint, Bedok Mall, AMK hub, junction 8 etc...
And i heard it is super crowded.




yo bro, i believe new towns are cheaper and more upsides than matured ones. hence the risk should be lower for young couples. Have u been to pungool waterway mall? i have, and i can see the potential.

[Ilikeu]

u should consult minority, he is king of cherry-picking... n i am sure he can recommend u 'bang for bucks' ppty.



Can you teach me how to succeed in property? I am struggling now. Job is not secure and uncertain and struggling with loan.

[azeoprop]

So should we pay off some of our home loans to reduce exposure or use the money to invest in another property?

[proud owner]

yo bro, i believe new towns are cheaper and more upsides than matured ones. hence the risk should be lower for young couples. Have u been to pungool waterway mall? i have, and i can see the potential.

agree with you.

i went to Waterway (before the mall was ready) ... already felt its potential then ...


Matured estate like TPY ... very crampy feeling and old ..

I said many years ago.... to Singaporeans, anything NEW and EXPENSIVE = GOOD

Not that Punggol is expensive ,, but it is NEW .... 50 pct of the above equation

LOL

[teddybear]

After Punggol becomes old, which will be the "new and expensive" area?

This is strong reason NEVER ever pay top $$$ just because of NEW....... :ashamed1:


agree with you.

i went to Waterway (before the mall was ready) ... already felt its potential then ...


Matured estate like TPY ... very crampy feeling and old ..

I said many years ago.... to Singaporeans, anything NEW and EXPENSIVE = GOOD

Not that Punggol is expensive ,, but it is NEW .... 50 pct of the above equation

LOL

[teddybear]

He will tell you that force-buy your property and pay you a pittance is alright... :peaceful:


u should consult minority, he is king of cherry-picking... n i am sure he can recommend u 'bang for bucks' ppty.


Can you teach me how to succeed in property? I am struggling now. Job is not secure and uncertain and struggling with loan.

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 5B )

I do not profess to be a very shrewd property investor with 100% bullseye record, neither do I have access to special information. But I am a very seasoned investor with quite accurate gut feelings. I think I have seen something in the current URA Singapore Masterplan and can more or less tell how Singapore will develop in the next 15 years.

You see, we have "nothing" but CASH. We are resource poor and unlike many large economies with gold mines, coal mines, and so on. More or less, Singapore has to depend on its financial expertise, tourism and human capital or talents. The world will be getting more competitive because we do not expect the developing nations to remain as it is today in 15 years time, can we ? Their development will accelerate with the rapid spread of social media and the ease of sharing knowledge.

I am very confident of Singapore achievement and stability in the next 15 years.

One example is in the tourism arena, we are re-inventing ourselves now. There are many rivers in the World, but Singapore River, under the team of River One, is currently undergoing some major transformation. https://www.facebook.com/singaporeriverone
Our history and heritage is nothing to rave about. We have only like 50 years of story to tell...I mean my own grandmother is currently still telling her 100 years of story hahah. Our so called oldest standing buildings can be only 120 years old.

So in the tourism aspect, how do we beat the old heritage cities like Paris or New York or even London? I am happy to tell you, we are now overtaking them...Not by the heritage and history, but by the modernisation of our buildings and application of new technology. If you have notice, our new buildings now sprouting are simply awesome especially in new towns with buildings using solar energy and smart home technology complemented by a whole array of amenities and facilities.

We read the frequent breakdowns in our MRT and some got very angry with it. But if you know what our government is up to, you would be more forgiving. Because we are building the most complicated subway on the entire planet, far more complicated than New York or London. Because we expect an MRT entrance within every 200m of walk. Is that not awesome ? Can you see where we are heading ? I certainly can ..it will be a futuristic city as depicted in movies like Star Wars or Star Treks..Just take a good look at the Marina Bay area now and try to recall how it looked like only 15 years ago..an empty land.

Those that left us for greener pastures 15 years ago will be regretting now, and will stand to regret again 15 years later. Because 15 years later, I do not think any foreign currency would be able to match our dollars as we would have elevated our currency standing into the ranks of the world's major exchange currency. ( More on that later: How currency policy can affect your net asset valuation.)

( To be continued )

[azeoprop]

Bidadari and potong pasir is the new and expensive area.

[azeoprop]

Bukit brown maybe in 10 years time.

[blackjack21trader]

Bidadari and potong pasir is the new and expensive area.

They used to be cheap, but as development accelerates, more and more ppl can see it and that is why the price moves up.

[blackjack21trader]

Bukit brown maybe in 10 years time.

I think the whole of Singapore will be renewed within 15 years. I will share with u why I am so sure of it. The government unknowingly let the cat out of the bag which all never see except me LOL

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 6A)

Before we get into the actual technicality of acquiring an HDB EC to increase our net asset value, allow me to share with you a personal worksheet (draft ) that I have been using for years to manage my own property portfolio.

I have adapted and modified my own version for a generic one so as to share with you guys how to go about using this worksheet as a guide to increase your net asset value.

Do not worry, as I will later explain in very great details of and the methods implemented while using this worksheet in an example household of a professional Singaporean couple with around $7500 total income with no property currently.
We will be enlightened later as to how this method; with the grant of HDB and the current government policies, will increase this couple's NAV by as much as S$80,000 the very moment they buy an EC.

Meanwhile, simply go through the various elements in my worksheet before my next write-up installment which I will go to explain these in depth.
The next few write-ups will be very dry, so if you are not mathematically inclined, please skip them by all means.

( To be continued )

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xfl1/v/t1.0-9/11918932_1629349130686338_5385612262139801376_n.jpg?oh=60e90977bd84ceeaef91a5001056389b&oe=572AD20F

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 6B)
What is an asset ?

Many misguided people like to tell you, HDB is not your asset because at the end of the 99 years, it is not yours.
This is a terrible misconception, propagated by the misguided with no knowledge of financial management nor asset valuation. The very same reason why they remain stagnant financially. They are unable to discern the values in things around them.

HDB is still an asset. As long as the item is generating value for your net asset value, it will be an asset for as long as you own it.
A liability on the other hand, will not generate any value nor income for you except expenses.

For example, a HDB that increases value over the years will be an asset no matter how long the tenure is. Be it 60 or 99 years.
On the other hand, if you rent a house and you are not the owner, That is a liability.

Bank loans, of course are liability. But they will become an asset if you used them wisely which I will show you how in later write-ups.
Thought we get this concept clear and correct first before I go on.

( To be continued )

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 7)

In the previous writeup, I shared with you my NAV worksheet to workout your investment fund management for investing into a new HDB. As you can see, the very moment you bought an HDB asset, your NAV would have increased by more than S$80,000 ( due to factors such as valuation as well as government subsidies ).

When your government gives you free money, what do you do ? Grab it before they change their minds!

Subsequently, while you are holding your HDB; the more the valuation of this asset increases over the years, the more your NAV will increase.
The ultimate aim of all these strategies is to land yourself into a private property.

Why the young couple has to start with a HDB is because of the "unfair" advantage a new HDB gave to you. This is the "headstart" to building your first pot of gold. And why you end with a private property is because of the size of the market it offers, and you can control your selling price more easily because of the size and nature of this market.

This total investment cycle is around 35 years. You start with a new HDB, you moved to an EC, then to a private property and finally at the end of this cycle which is 35 years, you UNLOAD all your property assets to unleash your NAV. Wait a second, you must be wondering, unload all my property assets ? Am I hearing this guy correctly?

Yes, indeed, you unload all your property assets at the end of this cycle to get cash on your retirement funds. Then you use a part of this fund to finance your retirement and another part to acquire a simple retirement property.

It will work because while you are moving from one asset to another, you are maintaining your NAV and then using your financial ability to transfer this value from one asset to another bigger asset. So, the only way is UP provided you keep your day jobs.
Assuming you started at 30 years old, at the end of this cycle, you would have been 65 years old. 65 years old is the perfect time you start to be truly financially independent and do whatever you had wish for all these years.

养兵千日，用于一朝。 You are applying the Chinese wisdom, to feed your army many days so as to use it for the battle on a single day.
Of course, how one build the "army" is a determinant factor in the success of this strategy and in my next writeup, I will share with you how to select the winning attributes of an asset ( or new BTO ) and what mistakes to avoid. I will also take into consideration the current cooling measures, stamp duties ABSD& SSD and the LTV and discuss with you the right strategies to go ahead into implementing all these.

The cooling measures cannot stop this strategy, they are merely attaching a weighing block to its feet to slow you down. It will take you longer to reach your objective, but surely you will reach it by applying this strategy nevertheless.

Do not let the misguided misled you: That HDB is just a home, you are just buying a shelter over your head. It is not. If I want a shelter over my head, I will make sure this shelter is made of gold and it will reward me financially later. I don't mean to sound too money-minded, but that is just way the world we live in works.

As they always say, when you are in Rome, do what the Romans do.

( To be continued )

[blackjack21trader]

U guys know what is the implication of this statement: "Govt won’t let property market crash: Shanmugam".

I bet u guys only see the superficial meaning of it...what I am going to share later in this forum will SHOCK you.

[blackjack21trader]

or rather, what our President address to Parliament : "President's address in Parliament: 5 key areas of focus for Government in new term".

I bet u only see also the superficial english meaning of it.....what I am going to tell u guys later in this forum how I read it will SHOCK you.

[blackjack21trader]

sure, urban redevelopment and property dun crash...nothing new....THINK AGAIN...but I will only share after all my articles sharing here. Because that is reserved for the Grand Finale or rather the Mother of all conclusions which will make u jump into actions.

Then u will see how all these fit in, nicely......and SWEET !

[Ilikeu]

wah blackjack, your writeup very drama leh... makes people want to buy 3, 4 or even 5th ppty....
quick quick, share your grand finale.



sure, urban redevelopment and property dun crash...nothing new....THINK AGAIN...but I will only share after all my articles sharing here. Because that is reserved for the Grand Finale or rather the Mother of all conclusions which will make u jump into actions.

Then u will see how all these fit in, nicely......and SWEET !

[proud owner]

Bukit brown maybe in 10 years time.


The area will get more attention....its actually the tail end of Kheam hock rd ...

however, the current "attention" is still :
cemetery
Snakes living in aircon ...LOL

[blackjack21trader]

wah blackjack, your writeup very drama leh... makes people want to buy 3, 4 or even 5th ppty....
quick quick, share your grand finale.

Thanks good bro. I will share asap but the timing has to b very precise...so just bear with me for a while :)

[blackjack21trader]

too early cannot...too late also cannot...must be zhun zhun once my Third Eye receive the signal...I will share. But now, hope u enjoy my articles first, bro and sis here :)

[blackjack21trader]

The Price Arbitrage of Singapore Government Public Housing: HDB ( Part 8A)

In the USA, there are quite a number of property traders who take over old properties and then refurnish them into new looking ones. They earn quite a good profit from the trading of these properties.

Are these ideas applicable over here in our HDB, you may wonder. Most definitely, I assure you; not the trading part of course but the selection part.
In our modern social media world, the young buyers are becoming very discerning and knowledgable. And they can always look up the Internet to get the latest trend in property fashion. The key is not only to make your property stand out from the rest, but also how you do your selection of your property. This applies to both new and old HDB and in this installment, I will share with you how to select the basic shell of a saleable property.

You see, there are no perfect property, hence the objective is to reduce the objectable elements as much as possible to your potential buyers. And the objectable elements can come from both external and internal attributes of a house, in our case a HDB unit.
Remember, when you buy a property, you are also buying it for your future buyer of this same property!

External Elements affecting the shell of a HDB unit.

1) Distance from your unit to the nearest MRT entrance.
Many new HDB blocks are very near to MRT stations now. So, when selecting your unit or BTO, make sure the MRT entrance is very near to your house, the best is to find one within 500m walking distance from your block. It will be a bonus when you have sheltered walkways linking your block to the entrance. You want to set yourself apart from the rest, so if you can find one above an MRT station or exchange, you are in luck.

2) Proximity to public and recreational amenities.
Our modern lifestyle is very hectic, after work many want to be able to access public service easily. So if your HDB is near medical services like hospitals, let your potential buyers know about it. If your HDB is near to clubs like SAFRA or shopping malls, it will be a great boost to the marketing of your property.

Of course, these are common sense, but overlook very oftenly by home buyers while in the excitement of buying their first property. Sometimes, one is only able to get a not so wonderful unit like one that is above a refuse center.Then the above 2 attributes will help you overcome these shortcomings.

( To be continued )

[blackjack21trader]

Title: The Price Arbitrage of Singapore Government Public Housing: HDB (Part 9A)

When my late uncle Spencer was alive, I used to visit him every night and chit chat with him about the world economy and politics till early morning. It was from him that I learnt many new wisdom and property investment skills; about the powers and balance of world politics. Sometimes my friends were amazed at my seemingly accurate prediction of the property cycles, well they are not mere luck but because of the knowledge imparted to me by my mentor Spencer.

One day in 2000, he asked me who do I think was the richest man in the world that time. I told him that it must be Warren Buffett or Bill Gates. I was surprised when he corrected me and said it is the Sultan of Brunei, and told me not to believe too much the rankings of the Western media. He explained to me, that the richest people in the History of Mankind are the landlords like the Rockefeller family or the Sultan, and will always remain to be so in the past or the future.

Of course, as mere mortals, we cannot expect to be rich like those landlords. However on a smaller and saner scale, we can at least try to expand our wealth through asset acquisition like the rich using a property. Our example will of course be using the HDB as an instrument on this investment path.

Asset acquisition to expand one's wealth is not a new concept. When we see auction houses sold millions for a painting or art piece, we will scratch our heads and wonder why the rich are doing something that appears to be foolish to us. It is not really foolish if you think about what really is wealth.
Wealth is never valued in currency. Currency are subjected to forex movement and time value like inflation or deflation. If you hoarded loads of cash in the millions, you will understand that when you see the purchasing power of your deposit balance fluctuates up and down. That is the real reason why the rich build their wealth through systematic asset accumulation and not through paper money. After all, when you needed your cash for some big ticket items, you can always sell your assets away.

However, not every asset will enjoy asset appreciation. In our case for example, we cannot be 100% for sure that our HDB property asset can appreciate indefinitely, can we? Well, it depends on a few factors.

A property asset will enjoy constant asset appreciation if it is located within an economy which has good governance. Property asset will appreciate if it exists within an economy that has:

1) Economic progress
2) Political Stability
3) Rapid Urban Redevelopment
4) Employment Stability
5) Foreign Direct Investment
6) Increase in productivity
7) Increase in quality of services

Now is the perfect time for the young who has just entered the workforce to start investing in a property like HDB. Perfect time because there is Perfect Fear in the markets now.
In the next part, from the perspective of the current state of world economies and direction, I will explain to you why you should seriously consider a Singapore HDB right now this moment if you have not bought one yet.

( To be continued )

[blackjack21trader]

Title: The Price Arbitrage of Singapore Government Public Housing: HDB (Part 9B)

The worksheet below shows how the wealth position of one family increase by more than $100,000 over a period of 10 years versus one family without an asset.

This family has a household income of $5000 and original expenses of $2000. After 10 years, you see how inflation eroded the position of this household even if the salary remains the same and expenses kept constant. The inflation rate is a mere 1% annual rate.

On the other hand, the same household, using CPF and salary, gotten a loan from the bank to finance the holding of a new HDB asset 5 room costing around $400,000. Using CPF and own salary, even with the expenses increased due to bank loans, they will be $150,000 richer after 10 years.

Now just imagine this asset holding family had a salary promotion within this 10 years period. The family without the HDB asset will be left even farther behind !

But this is of course, a very simplistic representation of any real world case. However it will help you understand the concept of wealth building through asset acquisition and change your perspective on how to manage your wealth.

https://scontent-sin1-1.xx.fbcdn.net/hphotos-xfp1/v/t1.0-9/12631368_1677533785867872_5146850160230786833_n.jpg?oh=2f73520121cb493401145d02040a95cd&oe=573CC3CE

(To be continued )

[Ilikeu]

i would think it is quite commonsense that hdb is usually the entry level for most. they will buy one if they are starting a family.
most forummer here have at least one or two ppty, so it would be more interesting to hear from you if they should go on and buy more n more n more to max out the TDSR and pay ABSD in today's market.



Title: The Price Arbitrage of Singapore Government Public Housing: HDB (Part 9A)

When my late uncle Spencer was alive, I used to visit him every night and chit chat with him about the world economy and politics till early morning. It was from him that I learnt many new wisdom and property investment skills; about the powers and balance of world politics. Sometimes my friends were amazed at my seemingly accurate prediction of the property cycles, well they are not mere luck but because of the knowledge imparted to me by my mentor Spencer.

One day in 2000, he asked me who do I think was the richest man in the world that time. I told him that it must be Warren Buffett or Bill Gates. I was surprised when he corrected me and said it is the Sultan of Brunei, and told me not to believe too much the rankings of the Western media. He explained to me, that the richest people in the History of Mankind are the landlords like the Rockefeller family or the Sultan, and will always remain to be so in the past or the future.

Of course, as mere mortals, we cannot expect to be rich like those landlords. However on a smaller and saner scale, we can at least try to expand our wealth through asset acquisition like the rich using a property. Our example will of course be using the HDB as an instrument on this investment path.

Asset acquisition to expand one's wealth is not a new concept. When we see auction houses sold millions for a painting or art piece, we will scratch our heads and wonder why the rich are doing something that appears to be foolish to us. It is not really foolish if you think about what really is wealth.
Wealth is never valued in currency. Currency are subjected to forex movement and time value like inflation or deflation. If you hoarded loads of cash in the millions, you will understand that when you see the purchasing power of your deposit balance fluctuates up and down. That is the real reason why the rich build their wealth through systematic asset accumulation and not through paper money. After all, when you needed your cash for some big ticket items, you can always sell your assets away.

However, not every asset will enjoy asset appreciation. In our case for example, we cannot be 100% for sure that our HDB property asset can appreciate indefinitely, can we? Well, it depends on a few factors.

A property asset will enjoy constant asset appreciation if it is located within an economy which has good governance. Property asset will appreciate if it exists within an economy that has:

1) Economic progress
2) Political Stability
3) Rapid Urban Redevelopment
4) Employment Stability
5) Foreign Direct Investment
6) Increase in productivity
7) Increase in quality of services

Now is the perfect time for the young who has just entered the workforce to start investing in a property like HDB. Perfect time because there is Perfect Fear in the markets now.
In the next part, from the perspective of the current state of world economies and direction, I will explain to you why you should seriously consider a Singapore HDB right now this moment if you have not bought one yet.

( To be continued )

[blackjack21trader]

i would think it is quite commonsense that hdb is usually the entry level for most. they will buy one if they are starting a family.
most forummer here have at least one or two ppty, so it would be more interesting to hear from you if they should go on and buy more n more n more to max out the TDSR and pay ABSD in today's market.

if u are loaded and can beat the TDSR, why not ?

I will tell you why after the next post....

[blackjack21trader]

I AM the ILLUMINATED
The Master from the Dark
I have many names, and when I hail left
No billionaires will dare to go right.

[yowetan]

if u are loaded and can beat the TDSR, why not ?

I will tell you why after the next post....


bj21, can you help me? Still waiting for your advice. Need some consultation to advise me.

[blackjack21trader]

The critical issue here is TDSR and NOT ABSD. Let me explain.

TDSR locks you and prevent you from accumulating more properties.

BUT ABSD does not, it is only a block of stone tied to your ankle so you cannot move easily.

If you satisfy the TDSR, then I will tell you why ABSD is a non-issue.

What is ABSD ? What does it do ? It merely adds like $100,000 to a $1,000,000 property. Is it not ?

So, how does one defeat ABSD ?

Answer: Simple, just add it to your selling price when the market turns for the better after 4 years holding period to nullify the SSD.

It is the SSD that is the actual rope that increased your investment risk, not TDSR or ABSD.

[blackjack21trader]

bj21, can you help me? Still waiting for your advice. Need some consultation to advise me.

Sure ..share with me your salary, occupation, and the loans and loan type with me first, if u dun mind, bro yowetan.

R u the one that bought Mt Sinai for 5 of ur family members to stay together ? great to see u again, bro. U have been holding the unit for like 3 years already ? Am I correct to say that ?

[yowetan]

Sure ..share with me your salary, occupation, and the loans and loan type with me first, if u dun mind, bro yowetan.

R u the one that bought Mt Sinai for 5 of ur family members to stay together ? great to see u again, bro.

Yes. My wife and myself are senior bank officers in bank. She works in local bank whereas I am with the other foreign bank. Our office is around ARC there. Our combined salary is around 7-8k and we (myself, wife, 2 kids, 1 bro-in-law, parents, parents-in-law and a dog) all stays under one roof. Currently outstanding around 1.6mil+, recently just renewed the mortgage loan with SCB at 1.58% fixed (last july 2015) and thereafter will be 1.25%+sibor (1mth). Please advise.

[Ilikeu]

$1.6m loan based on 7-8k salary?


Yes. My wife and myself are senior bank officers in bank. She works in local bank whereas I am with the other foreign bank. Our office is around ARC there. Our combined salary is around 7-8k and we (myself, wife, 2 kids, 1 bro-in-law, parents, parents-in-law and a dog) all stays under one roof. Currently outstanding around 1.6mil+, recently just renewed the mortgage loan with SCB at 1.58% fixed (last july 2015) and thereafter will be 1.25%+sibor (1mth). Please advise.

[blackjack21trader]

Yes. My wife and myself are senior bank officers in bank. She works in local bank whereas I am with the other foreign bank. Our office is around ARC there. Our combined salary is around 7-8k and we (myself, wife, 2 kids, 1 bro-in-law, parents, parents-in-law and a dog) all stays under one roof. Currently outstanding around 1.6mil+, recently just renewed the mortgage loan with SCB at 1.58% fixed (last july 2015) and thereafter will be 1.25%+sibor (1mth). Please advise.

For ur salary range, how did u managed to secure a loan of over $1.6million ?

The thing is, ur combined salary range is ONLY suitable for HDB or Executive Condo investment from my investment gut. I would not take up the loan even if they offer it to me in ur income status.

But no use crying over spill milk or scold u la....What u can do now is to salvage the situation u r in:

1) "TONG"....meaning to endure by cutting down as much expenses as possible so as not to damage ur standing with the banks. Do not miss any payment because once u missed the first, I pray for the best of u. remember...PAY THE BANKS FIRST, THE REST LATER. once u damaged ur reputation with the banks, next time very hard or impossible for u to get a loan liao :(

2) "TONG" until the SSD is nullified or at the fourth year when it is around 4% so that it will be minimal damage to ur capital. I believe next year should be your fourth year and u have to bite your lips and give this tax to the IRA so that u can unlock urself. ( SSD should be around S$80,000++ assuming u bought a S$2mil ++ unit from ur loan status u provided here....a bit expensive to pay for a lesson but it is worthwhile if u can get urself out of this mess. )

3) If you sell it now, or the banks move in to take over because of missed payments, you will be taken many steps back in ur path towards financial freedom !

4) After holding it till the final fifth year, use that proceeds to buy a decent EC near city area so that ur 5 family members can stay together comfortably rather than squeezing into a 2 bedder unit in Ulu Pandan.

Hope that helps. Do not hesitate to share here if u have any further queries , good bro :)

[Ilikeu]

minority is quiet these few days in this thread n the other thread on watertown.
maybe he is busy with cny preparation or maybe he has decided to calm down as part of cny resolutions...




He will tell you that force-buy your property and pay you a pittance is alright... :peaceful:

[blackjack21trader]

Yes. My wife and myself are senior bank officers in bank. She works in local bank whereas I am with the other foreign bank. Our office is around ARC there. Our combined salary is around 7-8k and we (myself, wife, 2 kids, 1 bro-in-law, parents, parents-in-law and a dog) all stays under one roof. Currently outstanding around 1.6mil+, recently just renewed the mortgage loan with SCB at 1.58% fixed (last july 2015) and thereafter will be 1.25%+sibor (1mth). Please advise.
For ur salary range, how did u managed to secure a loan of over $1.6million ?

The thing is, ur combined salary range is ONLY suitable for HDB or Executive Condo investment from my investment gut. I would not take up the loan even if they offer it to me in ur income status.

But no use crying over spill milk or scold u la....What u can do now is to salvage the situation u r in:

1) "TONG"....meaning to endure by cutting down as much expenses as possible so as not to damage ur standing with the banks. Do not miss any payment because once u missed the first, I pray for the best of u. remember...PAY THE BANKS FIRST, THE REST LATER. once u damaged ur reputation with the banks, next time very hard or impossible for u to get a loan liao :(

2) "TONG" until the SSD is nullified or at the fourth year when it is around 4% so that it will be minimal damage to ur capital. I believe next year should be your fourth year and u have to bite your lips and give this tax to the IRA so that u can unlock urself. ( SSD should be around S$80,000++ assuming u bought a S$2mil ++ unit from ur loan status u provided here....a bit expensive to pay for a lesson but it is worthwhile if u can get urself out of this mess. )

3) If you sell it now, or the banks move in to take over because of missed payments, you will be taken many steps back in ur path towards financial freedom !

4) After holding it till the final fifth year, use that proceeds to buy a decent EC near city area so that ur 5 family members can stay together comfortably rather than squeezing into a 2 bedder unit in Ulu Pandan.

Hope that helps. Do not hesitate to share here if u have any further queries , good bro :)

One after thought on this bro yowetan, ur wife and u should separate your salaries into 2 bank accounts to service the loan. What do I mean by that ?

1) Use just one of ur salaries ( the bigger one to service in case interest rates creep up) to service the loan, I believe one salary should be able to cover the loan payments under the current conditions.

2) Separate the other income into another bank account and use it solely for tracking ur expenses.

In this way, u will be able to id which items u can cut in ur household like cars, credit cards, etc...and not to damage ur loan servicing at the same time.

The important thing is to FOCUS on your jobs now, both of you and try to do a good job so that ur banks..touch wood.. would not find an excuse to retrench u :(

Good Luck, bro.

[blackjack21trader]

sorry guys, have to digress for a moment for bro yowetan's crisis.

bro yowetan, u can download this booklet from my GDrive using this link.

https://drive.google.com/file/d/0B8pl0TjvlhszU2YzbC1iMUVmV2s/view?usp=sharing

Inside the booklet, it details how to go about cutting ur expenses in ur household....I will leave the link public for a week, as it is meant for my followers.

All the best :(

[blackjack21trader]

Title: The Price Arbitrage of Singapore Government Public Housing: HDB (Part 10 )
When Fear is Maximum, what do you do ? Yes, you buy !

When fear is maximum, with all the bad news abound, and the public generally worried about tomorrow; you should be brave and start to look for your next asset. How so ?

During rosy times, first the sellers would not want to bargain. Secondly, they will keep the treasures and sell you the durians. That is, they will unload the bad assets to you. This behavior will apply to property developers as well, as they unload all the bad facing no view units to you first.

On the other hand, during scary times, the sellers will be willing to bargain with you and will even try to unload all their treasures and gems into the market. You can pretend to walk away from the bargaining table, and the developers will throw in discounts, gifts and even cars for you !

This is like someone else had already done the homework for you, and you merely transfer the nice ones from them to help them safe keep it.
Of course, one go for a lower risk investment during such times, as you never really know what is going to happen next. Only thing you can be sure of is, the asset you bought will be cheaper and better .

Why Singapore HDB or EC ? Is it not obvious during past occasions, the government is able to steer clear of all the deep rocks in the sea of turbulence ? Tell me, with all the scholars and top brains on your side, what is there to fear ?

This is an unbeatable track record. And during stormy time, get yourselves quick on board the sturdiest ship !
Do you wait for the economic turn-a-corner signal like everyone else ? Sure you can, but you will end up with a more expensive asset because the sellers will then start to hang themselves up upon seeing the same signal as you. You know...吊起来卖。

( To be continued )

[Kelonguni]

Really missed your wise words since 2013.

[blackjack21trader]

Really missed your wise words since 2013.

Thanks for ur kind thoughts, good bro ...appreciate :)

[yowetan]

sorry guys, have to digress for a moment for bro yowetan's crisis.

bro yowetan, u can download this booklet from my GDrive using this link.

https://drive.google.com/file/d/0B8pl0TjvlhszU2YzbC1iMUVmV2s/view?usp=sharing

Inside the booklet, it details how to go about cutting ur expenses in ur household....I will leave the link public for a week, as it is meant for my followers.

All the best :(


Thank you brother BJ21. Can I PM you? Thanks.

[blackjack21trader]

Thank you brother BJ21. Can I PM you? Thanks.

Sure email me : [email protected] because I had deactivated my pm :)

[JohnTan]

Have not been reading this forum for years! Cant believe u guys are still at giving advise and entertaining these queries.

I would have thought Mr market would have settled this crisis long ago

[blackjack21trader]

Have not been reading this forum for years! Cant believe u guys are still at giving advise and entertaining these queries.

I would have thought Mr market would have settled this crisis long ago

bro, when a bro in trouble we help each other here :) this forum is our brotherhood...brotherhood of HUAT TOGETHER!

[Arcachon]

Luke 6:38 - "Do not judge, and you will not be judged. Do not condemn, and you will not be condemned. Forgive, and you will be forgiven. Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you."

[blackjack21trader]

Luke 6:38 - "Do not judge, and you will not be judged. Do not condemn, and you will not be condemned. Forgive, and you will be forgiven. Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you."

how wise :)

[blackjack21trader]

HAPPY NEW YEAR TO ALL MY BROTHERS AND SISTERS HERE ! I WILL CONTINUE MY ARTICLE AFTER NEW year as busy visiting now :)

[proud owner]

Yes. My wife and myself are senior bank officers in bank. She works in local bank whereas I am with the other foreign bank. Our office is around ARC there. Our combined salary is around 7-8k and we (myself, wife, 2 kids, 1 bro-in-law, parents, parents-in-law and a dog) all stays under one roof. Currently outstanding around 1.6mil+, recently just renewed the mortgage loan with SCB at 1.58% fixed (last july 2015) and thereafter will be 1.25%+sibor (1mth). Please advise.


somethings dont add up here ............

regardless which dept within the bank you work, as a senior manager in a local or foreign bank, each should command at least $8 - 10k.

How can 2 snr managers combine only earn 8k a month ?

[yowetan]

somethings dont add up here ............

regardless which dept within the bank you work, as a senior manager in a local or foreign bank, each should command at least $8 - 10k.

How can 2 snr managers combine only earn 8k a month ?

I am senior bank officer, not manager. My salary is around 4k++ my wife is around 3k++.

[proud owner]

I am senior bank officer, not manager. My salary is around 4k++ my wife is around 3k++.


still too low for the rank.

a fresh grad starts at about 2.5 to 2.8k

may i ask what dept do you both work in ?

i have been in banking for 20+yrs i am very familiar with the staff salaries

[yowetan]

still too low for the rank.

a fresh grad starts at about 2.5 to 2.8k

may i ask what dept do you both work in ?

i have been in banking for 20+yrs i am very familiar with the staff salaries

I am in Liability Ops – Corporate Actions. :( You have better opportunity for me or/and my wife?

[proud owner]

I am in Liability Ops – Corporate Actions. :( You have better opportunity for me or/and my wife?

do you mean "operations", or in simpler terms " back office"?

[yowetan]

do you mean "operations", or in simpler terms " back office"?

Yes. Back office.

[blackjack21trader]

somethings dont add up here ............

regardless which dept within the bank you work, as a senior manager in a local or foreign bank, each should command at least $8 - 10k.

How can 2 snr managers combine only earn 8k a month ?

Many ppl thought those with fancy titles in banks earn a lot. Actually many so called "VP" are just salespeople la.

[blackjack21trader]

Be patient ! Wahlaueh bro...new years just over la...give me sometime ok...I am working on it..u wun be disappointed in my next installment ! I try to post by this weekend...thanks for ur email.

the next installment is the MOTHER of all my articles....it will tell u the EXACT STEPS to beat all the measures & which area in Singapore to invest..right down to the lokang !!! Sweebo?

[Ilikeu]

swee! but then hor, dun recommend to buy hdb or ec horr.... cannot buy another one leh.



Be patient ! Wahlaueh bro...new years just over la...give me sometime ok...I am working on it..u wun be disappointed in my next installment ! I try to post by this weekend...thanks for ur email.

the next installment is the MOTHER of all my articles....it will tell u the EXACT STEPS to beat all the measures & which area in Singapore to invest..right down to the lokang !!! Sweebo?

[blackjack21trader]

swee! but then hor, dun recommend to buy hdb or ec horr.... cannot buy another one leh.

sure i will focus on those locations with major developments coming up and they are applicable to HDB or BTO too :tu

[blackjack21trader]

Title: The Price Arbitrage of Singapore Government Public Housing: HDB (Part 11 )

What I am going to share with you my brothers and sisters, is based on a true account. Although I shall change the name of the person for confidentiality except my uncle's.

I recalled the times when I went to Italy with my late uncle Spencer,in a small town called Masano and we met a very wealthy man there called Mr Diego. Nothing special about the town because it was not one of the major cities in Italy. That time Italy was still using the old lira until subsequent inflation forced her to adopt the Euro. But this man, after conversion of his wealth in lira to USD, runs into the billions.

At Diego's mansion in Masano, there was a beautiful fountain at the front entrance of his house .. I remember that night, I secretly threw a Singaporean coin into his fountain and wished that he could reveal some secrets of his success at the dinner table. And I hope that if he read this, he can go and check now if the coin is still there LOL

Although I was a very young man that time and still a student at NUS, I was very keen about how the rich made their wealth..you see, I was not impressed by those rich featured in media ( not that I am rich myself ) , but rather curious about those wealthy people who kept a low profile and yet are very well known in the private circles to be wealthy..the shadow ones, so to speak.

I figured that those in public would never share the real secret of their success..even if they did, they will tell you the usual script of you know...hard work and blood and sweat which is really some kind of bullshit to me anyway.

I listen attentively when Spencer asked Diego when was the right time to enter the property market for Diego is one of the wealthiest landlord in Europe partly also due to his Royalty linkage.But what he told us gave me a big shock because he said almost in a matter-of-factly,

“ There is no right time to enter the market...every time is a good time...”

“...as long as you can afford it ! “

He must have sensed a young innocent man's disbelief, so he continued to explain further,

“ The key to property investment is holding power and nothing else...as long as you like it and can afford to hold it through bad times or good times, just buy it. If you think you cannot afford it, stay out of it ! “

I thought I understood what he said that time, but it was only many years later when his logic was put to the test in my own investment journey, that I fully realized the real meaning of that conversation. As to what is the realization from this conversation and my own first hand experiences, I will share with you guys soon.

( To be continued )

[dddcarine]

Hi, need advise here. Newbie in investment market. If you have a 1 Mil, which area would you invest in a 1 or 2 bedroom property?? Looking at D9/10 FH.

Thanks
*)