Respect and salute... But but but....
You and wife can afford a lifestyle trading currency because you are a landlord right???
Originally Posted by
proud owner
In 1996/7 due to my salary, I could not apply for HDB.
I was offered an EC, which i bought, at about 600k ( after grant).
It didnt TOP until 1999.
During Asian crisis, a lot of banks/Traders lost a lot a lot of $$$$... I am sure those who invested in Equities / Bonds / Properties all died like a dog.
I was lucky.
My own trading + my bank's trading both did VERY VERY WELL.
We were totally unharmed by the crisis. Instead, made a lot of money.
Then there was 911.
Sars.
Property prices continued to fall.
2004 i started to market to sell my EC.
I lowered the price to 345k ( almost half price ) .. there was NO BUYER.
Frustrated, i decided not to sell.
In 2004/5, a brilliant trading idea came to mind.
I started my Buying spree in 2005.
Buying landed houses, Penthouse condos.
My instructions to agent was :
BIG units,
FREEHOLD,
D 1,2,3,4,5 and 10
the smallest condo i bought was 2271 sqft.
when the mkt started going crazy..... 2 of my old condos, got enbloc, both D10.
With the $$ from the enbloc, I bought another landed.
The rest of the $$ went into my Currency trading acc ...
regardless Up and Down economies ... theres always opportunities to make $$ in currency trading
Between 2007 to 2012 .... i was in USA ....
I became a landlord. and that felt really good.
My wife quit her job in 2007 just before we left SG.
when we returned in 2012... i retired.
Today ... i am still a landlord.
I am still trading my currency ( not full time )
during the 2008/9 Lehman crisis, I was managing the banks' cash book of USD 5bio.
While now everyone is still suing banks for their loses, I was again lucky. I made a lot of $$ for my bank.
MAYBE i have been lucky.
I have seen friends / relatives lost shxt loads of $$ in Equities / Bonds / Properties while i have always been lucky in Currency.
that i tend to be biased and favor trading currency.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.