Monthly archive - April 2012

Is Singapore properties good for investment RIGHT NOW? – Part 1

Posted on Apr 15, 2012 in Articles, Investment Strategy, Singapore Property Investment by 0 Comments

“Fools rush in when Angels fear to tread”

There is an ancient wisdom which says, “Fools rush in when Angels fear to tread”.

Take all the fools out of this world and there would not be any fun living in it, or profit. And profit is certainly almost guaranteed…But to wise men only.Is Singapore properties good for investment RIGHT NOW? - Part 1

There is a common language especially in the banking industry when real estate booms and euphoria filled the minds of fools, and led them to become mindless herds of cows being brought to the slaughtering houses even without them knowing.

In booming times like today, the banks are saying to real estate developers, “You bring the dirt, and I’ll bring the money. Let’s make money together out of those fools!”  What a great mutual business relationship.

You bet it doesn’t take a fool to guess who that ‘dirt’ is. Well, who knows? A fool doesn’t realise he is a fool until a bigger fool comes along.

What you should do if you hit the jackpot?

Posted on Apr 2, 2012 in Articles, Financial Freedom by 0 Comments

There was an article written recently in the national newspaper dated on 18th March, 2012, The Sunday Times under the invest home page, “What you should do if you hit the jackpot?”

The author/article offered 3 ways to handle a sudden huge sum of money (from lottery, inheritance, etc) with the advice of a ‘well-known financial planner’, who is a MD of a local financial advisory firm.

First, pay off all your debts (including your outstanding mortgage on your home if you have one)

Second, get yourself a house and pay for it in full.

Thirdly, start a retirement fund or expand one, by setting aside the rest of the money with a credible financial planner.

In short, what this financial planner is saying is , ”If you have a million dollars today, pay off all your outstanding debts including your home mortgage so you’ll be totally debt-free and leave the rest of your money with me in a mutual fund…and you can continue to slog hard at your job without any debt worries.”

This is one of the worst financial advice I have heard coming from such financial planners or ‘experts’ who deemed to know what true wealth really is, which in fact, many don’t.