AAR & TOL 01 (May 08 - Oct 08)

[ishak]

Hi k, agreed that it's complicated...that's why pick brains here!
Your summary is correct...and i understand your reasoning for not taking the double risks.
Would you take the plunge if the 100k is part of standby fund reserve for property purchase within the next 3/4 yrs?

Hi ishak, like your suggested strategy...but would your view change if the 100k is as mentioned above, for property purchase?
....

Hi, i will not change my view as the investment will then be highly leveraged. I am assuming the 100K is for property purchase (to stay and not to invest) and thus it is not part of the consideration. I would rather invest with smaller capital to build it up with time. Active investment sucks alot of my time and thus i would rather spend more time investing in myself and ensure growing cashflow from my job. Maybe that is why i still need to work while other people can be Tua Towkay.

[kennynah]

Hi k, agreed that it's complicated...that's why pick brains here!
Your summary is correct...and i understand your reasoning for not taking the double risks.
Would you take the plunge if the 100k is part of standby fund reserve for property purchase within the next 3/4 yrs?

Hi ishak, like your suggested strategy...but would your view change if the 100k is as mentioned above, for property purchase?
....

Hi, i will not change my view as the investment will then be highly leveraged. I am assuming the 100K is for property purchase (to stay and not to invest) and thus it is not part of the consideration. I would rather invest with smaller capital to build it up with time. Active investment sucks alot of my time and thus i would rather spend more time investing in myself and ensure growing cashflow from my job. Maybe that is why i still need to work while other people can be Tua Towkay.

ishak ,

u very hard working man....night watch market and execute .... hold a day job.... no sleep hor?

[ishak]

K: Of all people, you are the only superman

[kennynah]

ishak : (shhhh).....we keep our secrets to ourselves.... the secret of sleeping 2 hours in the night but 5 more in the afternoon...

hahaha

[helios]

right, please change into a SuperMan's (avatar), Ken ge!

in the telephone booth.

[kennynah]

this one is for all my friends who stay up night after night watching/trading the US Markets...



and of cos, to all others trading the Asian Bourses too.....hahahaha...

[tangoandrew]

if I have set it aside for property... I might look for a FD (foreign currency) to earn some interest.

eg. $100k on New Zealand FD...can get about 7-8% ?? (don't know what is the current rate)

Personally, I prefer to keep things simple (for myself) to execute easily.

FDFC has to be short tenure as one never knows when a seller is desperate to let go of his property. So, working with NZ rates for 1 week is 7.8% (Aust is 6.7%). Anyone knows the approximate cost involved in switching from S$ to NZ & back to S$?
Btw, was glancing at the rates last week & rhb has the best rates in town, i think..

[tangoandrew]

Would you take the plunge if the 100k is part of standby fund reserve for property purchase within the next 3/4 yrs?

hi toa :

no, i would not, especially if this property purchase is not for investment purposes.

So, k..if property is for investment, then you will give it a shot?

[tangoandrew]

V good, u have a business plan on-going liao! any other resources u can tap into?? gold rings or whatever? [joking]

a trader's style is the innate ability to implement/ execute your ideas despite adverse conditions.

think clearly, have the courage.

afterwhich, AOR (at your own risk)!

..but no joking..i am both gold-less and ring-less.

True..the test is in executing the ideas...but I think the margin of safety in this situation is not very attractive. Another damper is the current bearish market.

If it is a bullish market, then no hesitation...and should leverage as much as possible...

[kennynah]

Would you take the plunge if the 100k is part of standby fund reserve for property purchase within the next 3/4 yrs?

hi toa :

no, i would not, especially if this property purchase is not for investment purposes.

So, k..if property is for investment, then you will give it a shot?

toa :

Thanks for asking...

generally, i am not in favour of remortgaging to finance further investments. the 1st investment is already a risk, compound this with another layer of risks, too much for my appetite. i guess, ultimately, it's an individual's choice.
i wish you the best....