Monthly archive - January 2014

Why I Succeeded with Disregard to ‘Expert’ Opinion?

Posted on Jan 29, 2014 in Articles, Property Investors by 1 Comment

Quote from Warren Buffet’s teacher: ’If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what’s going to happen to the stock market. “– Benjamin Graham

As happens every year, property firms — including property agents, mortgage lenders, property ‘gurus’, and property analysts– have released their end-of-year predictions for where prices will go in 2014. Many pundits expect prices to rise slightly this year, but not by much.

These ‘expert’ forecasters seemed to possess the ‘I know-it-all’ investment mentality and offer to share their prophecies with the public for obvious interests.

Human fascination with the future can be traced back to prehistoric times. People have always wanted to predict the future for psychological reasons (to reduce their fear and anxiety about the unknown). Concrete evidence shows that the human desire to foresee the future has been exploited by some for profit, fame, or power.

6 Reasons Why Property Curbs Should NOT Be Removed Today

Posted on Jan 22, 2014 in Articles, Singapore Property Investment by 0 Comments

There have been recent calls to the government asking to relax some of its property-cooling measures as demand for real estate wanes. Mr Getty Goh, director at Ascendant Assets voiced his view on this, speaking at a Business Outlook Forum recently.

He said the government should consider repealing the Seller Stamp Duty (SSD) for residential properties introduced in January 2011, because sellers who are keen to dispose their properties may find themselves tied down by it.

Many people I have met who want you to invest in property don’t care two hoots if you make money or not, as long as they profit from your investment. And the same group of people are now calling for property curbs to be removed because of a so-call ‘lacklustre’ property market.

Mr Getty Goh is one of the few respected voices I listen to among the many industry players, and therefore I believe he does not fall into the category of those “Please invest in property so WE can get rich” group. His view on relaxing some property rules may be a personal view of his own and not for profit interests.

Here are 6 reasons why property curbs should NOT be removed today– at least till a correction happens.

The Type of Investor You Want to BE Today

Posted on Jan 14, 2014 in Articles by 0 Comments

On a daily basis, I probably have 5-10 emails telling me investing in property is my route to ‘financial freedom’ or ‘it’s a better bet than investing in stocks’. And for some, property might be. But for many, it can be the worst investment you make.

There are far too many companies shouting about the benefits of property investment, when really what they mean is “Please invest in property so WE can get rich”. The reality is, many people I have met who want you to invest in property don’t care two hoots if you make money or not, as long as they profit from your investment!

I must admit, I find ‘armchair investors’ very perplexing.