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good sharing!
thanks to lampard and shplayer! I love this forum!
thanks to lampard and shplayer! I love this forum!
it is instructive to read abt how great investors go about building their magnificent portfolio... Warren Buffet, Philip Fisher, Peter Lynch etc...
... i think it must be added that it takes more than good technical knowledge and skill to succeed in investment... having the right psychology and attitude is perhaps more important... this is what Warren Buffet said...
Buffett: You don't have to have a high IQ or be very smart in investing to take advantage of the occasional great opportunities that the market presents to you. But you do have to have the courage of your convictions and the willingness to act when everyone else is TERRIFIED and PARALYZED. The lesson is to strive to follow LOGIC rather than EMOTION some people can do this and others can't. When the opportunities do arise, you have to make sure that you can play out your hand under all conceivable circumstances, if you can and you have the right facts and you let the market serve you (not instruct you), you probably can't miss.
Totally agree with lampard. With your money, trust only YOURSELF. In your investment decisions, a few things to remember...
don't be greedy......higher returns => higher risk...so work out your risk/returns.
be comfortable with what you are investing in.....otherwise you will have sleepless nights when the market is not in your favour.
listen to what the 'financial advisors' have to say......ask all the questions you need to ask....don't feel pai seh for asking too many questions...but finally, make your own decision. If you are not comfortable with the product, don't feel pai seh to say NO and walk away.
the reason I say listen to the 'Financial advisor' is cos sometimes they may give you some investment insights, market info etc....that may help you develop your own investment ideas.
don't make hasty decisions....if you miss an opportunity, remember, there will always be another one coming.....
Happy investing......
URL for Navigator...
https://sg-ifs.aviva-asia.com/sap/eme/!ut/p/.cmd/cs/.ce/7_0_A/.s/7_0_5IP/_s.7_0_A/7_0_5IP
hi shplayer,
over at www.fundsupermart.com, it is currently offering interest rate 2.46% pa, accrued daily, compounded quarterly, and best thing is minimum amount is only $500, and with no lock-in period...
over at Navigator, it is 0.25% higher than at fundsupermart, but limit to 12-month "tenure"...
if there's a better deal in town, do share it with us! =)
oops, sorry, should be ChFC, not ChFP...
... if u have $1 million, spend some money on getting a good education in money management, like go take CFA, ChFP, CFP etc...
dun leave everything to your financial planners or personal bankers to decide cos they have their own agenda (like selling u policies that are expensive though inappropriate so that they earn more commission)...
it is your money and if u dun take good care of it, who will?? =P
HI-
If I have S$1 million, I will look for a financial adviser (there are quite a few in the markets) to carefully plan how to use them and also more importantly track their returns. He/she will determine what your needs are and from there devise a financail plan for you.
I've learnt painfully from my own haphazzard investment strategies...
cheers
How about opening a TOTO stall? Sure win $$ one rite? Bt licensing a bit difficult to obtain.
watsonbusheng,
If you want high interest yielding but short tenure deposits...(for flexibility and ready availability of your funds) you may want to consider
StanChart e Savers scheme....2.45% for min $50K deposit....int calculated daily and paid monthly...just like a savings a/c.
HSBC - they have 7 days FD and you can get pretty good rates if you are a Premier customer....think its a deposit of 150K to qualify.
Check them out......
... can consider adding SGS Bonds to your retirement portfolio too... http://www.fundsupermart.com/main/sgs/SGShome.tpl
hi watsonbusheng,
usually for a shop in good area, how much does it cost to own it?
usually for a shop in good area, how much does it cost to own it?
VICOM, good dividend..
Can oso park some $$$ in companies stocks giveing consistant good dividends return of say 6-10% but always check it out 1st, S$200k can collect a minimum of S$12k or every mths S$1000/- allowance.
Suggested go hunt for a apt and rent out another apt and leave sone $$$ for blue Chip stock like SPH, Singtel and even ComfortDelgro.
Consider buying some government bonds or company bonds instead of fixed deposit.
what I meant is shop lot or shop house, best is shop lot in shopping centre. Yes, you need to be the landlord. One setback is small company might have rental payment problem. But then, every thing is some risk.
what I meant is shop lot or shop house, best is shop lot in shopping centre. Yes, you need to be the landlord. One setback is small company might have rental payment problem. But then, every thing is some risk.
do you need to own the shop houses to rent out? Or you sub-let them?