All posts tagged Capital gains

Capital Gains – The Singapore Property Wealth Trap

Posted on Jul 19, 2013 in Articles, Investment Strategy, Property Investors by 4 Comments

 Is Capital Gains the Singapore Property Wealth Trap?
We can see many dream-to-become-millionaire property investors on the streets. It’s interesting to see how dreamers of ‘The Next Singapore Property Millionaire’, behave like the hilarious first round participants of ‘The Next Singapore Idol’ contest who are thick-skinned enough to believe they have ‘it’.

My late multimillionaire grandfather said, “The Rich makes money with control, while dreamers always make money on hope… and hope is their only saviour.”

Rich Invest On Cash flow, Amateurs Invest on Net Worth

Posted on Nov 6, 2012 in Articles, Investment Strategy by 4 Comments

Years ago before the passing of my late multi-millionaire grandfather, I have had the fortune of frequent conversations and debate on investment and wealth with him. Although I missed him after his passing, his simple teachings had taught me many vital lessons on wealth.

Me: “Do you know your Net-Worth and how much are you worth today?”

Grandfather: “I don’t know and I don’t care.”

Me: “I don’t understand.  Why don’t you care and want to know your Net Worth? Isn’t that what defines you and makes you so rich today? ”

Invest Using Common Sense, Conventional Wisdom Sucks

Posted on Aug 26, 2012 in Articles, Investment Strategy, Singapore Property Investment by 1 Comment

Here are 4 of my all-time favorites ‘Conventional Wisdoms That Suck’ for the ordinary investor. Ordinary investor – Defined as one who’s holding a full-time 12-hour back breaking job, dependent on a job income, maybe a family to support, have some money to invest (not a million definitely), dreams of becoming wealthy one day – and WANTS badly to get out of the rat race.

There are tons of information out there on how to invest in property: the internet, books, seminars, newspapers, financial ‘gurus’, property ‘experts’ and even your next-door neighbor. Most of these information contain a grain of truth and a lot of misunderstanding.

I would just like to know ‘how did they do “It” ? How did they fool so many people for so long? How did they get them to believe in ‘it’ even after it was proved time and time again to be a bad idea?  I don’t even remember learning “It” from my late multi-millionaire grandfather. I just realized one day how dumb the conventional wisdom is and questioned why everyone is doing “It”.