30 yrs old Msian Investor on SG Business Times, Portfolio worth MYR10m (SGD4m)
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 Feb 20 2013, 07:51 AM
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#1
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Junior Member
340 posts Joined: Jan 2013 
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His conclusion now is :-
"But it is not so easy now. Developers are building a lot, and supply is coming up in Singapore and KL. So I might try to cash out in 2016 or 2017." This post has been edited by balakong: Feb 20 2013, 07:52 AM |
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Feb 20 2013, 08:59 AM
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#2
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340 posts Joined: Jan 2013
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QUOTE(chess_gal @ Feb 20 2013, 08:48 AM) Its sgd3k. Papers in Singapore. At the end of the day he is not bringing 3k right? considering his salary income with few property rental income, he might at the high income group mean 3k could be just bring home 2.k or less after tax. This post has been edited by balakong: Feb 20 2013, 08:59 AM |
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Feb 20 2013, 11:55 AM
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#3
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Junior Member
340 posts Joined: Jan 2013
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QUOTE(cranx @ Feb 20 2013, 11:26 AM) To lowyat members, if you are in his shoe right now what will you do? He is young. number 2.1) Cash Out existing ones and wait for the undercon to complete for a good flip. 2) Stay as is, positive cash flow overall RM7.5k. 3) Selective selling to reduce the total debt amount. 4) Buy more studios to increase portfolio to RM20 million 5) Diversify, buy landed residential, commercial and industrial properties, increase portfolio to RM20 million |
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Feb 22 2013, 12:06 PM
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#4
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340 posts Joined: Jan 2013
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QUOTE(New Klang @ Feb 22 2013, 11:59 AM) I am impressed with this young chap. I don't agree with you.He is young and willing to change and adapt to suit his requirements. He graduated with engineering degree but opt to do something else to increase his income. He has decided to go to Singapore to earn higher income. I won't be surprised if he goes to the moon if he cannot earn enough on Earth. He is doing the right thing for himself to achieve his goal. There are many ways to solve a problem and you can only learn by starting to try and not complaining. What happen , if we have 1000 young chap like this in KV? He is just lucky, 1) start working 2005 to 2012. 2) property up period. 3) high employment rate in KL and Sg 4) low interest rate He has very bad taste of wealth management. We can find lots like him in genting. |
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Feb 22 2013, 01:15 PM
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#5
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Junior Member
340 posts Joined: Jan 2013
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QUOTE(New Klang @ Feb 22 2013, 12:22 PM) The banks who provided financing to him cannot be wrong. Wah so fast forget? Lehman brother and the etc established bank provided loan just got wrong and become history already while the thousand like him live with food coupon. This post has been edited by balakong: Feb 22 2013, 01:16 PM |
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Feb 22 2013, 03:32 PM
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#6
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Junior Member
340 posts Joined: Jan 2013
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QUOTE(New Klang @ Feb 22 2013, 02:01 PM) I really think the banks have learnt their lessons. ok,I was trying to highlight that this person has a very aggressive attitude and won't stop short of getting what he has aimed for. let said one day news report one malaysian jump to Klang river because of fail property investment. Did what he has done. He is young and willing to change and adapt to suit his requirements. He graduated with engineering degree but opt to do something else to increase his income. He has decided to go to Singapore to earn higher income. I won't be surprised if he goes to the moon if he cannot earn enough on Earth. He is doing the right thing for himself to achieve his goal. He killed himself. 99.9% will say he is stupid etc... Same guy, Different outcome. Different conclusion. This post has been edited by balakong: Feb 22 2013, 03:32 PM |
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Feb 22 2013, 03:48 PM
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#7
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Junior Member
340 posts Joined: Jan 2013
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QUOTE(New Klang @ Feb 22 2013, 03:40 PM) You give an extreme example. I cannot control what other people including you or the young man are doing. I can only control what I want to understand from the situation. Let said he fail his investment next year and report in major newspaper.Will you control and change your understanding? most likely you will. Again different outcome same guy. another different situiation. Not like this guy. If he go it slowly, diversify, not over agressive. Even he fail / not fail. We will have the same conclusion. Why we don't change our understanding in this situation here? This post has been edited by balakong: Feb 22 2013, 03:49 PM |
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