Basically, Mr Ng was 31 when he ’set his plan in motion’. Initially he was invested in unit trusts. But he had read Robert Kiyosaki’s ‘Rich Dad Poor Dad‘ before, and decided to sell off his unit trusts and in 3 years, manage to acquire enough dividend paying stocks to meet his monthly expenses.
This [...]
In Summary:
“A Home to Call your Own”
- Fully paid HDB flats cannot be mortgaged for a loan
- HDB: Prevent flat owners from losing their flat in the event of a loan default
- Why the different treatment between HDB and other 99 leasehold property?
- Some HDB cost as much as private property
- People these days are [...]
Continue reading about No, you cannot take up a fresh mortgage for your paid-up HDB
There is this CPF rule that you can invest only up to 35% of your CPF monies in the stock market. If your 35% is less than $20k, then you can’t invest any at all, as the 1st $20k in your CPF is locked.
I currently hold CPF-bought stocks, and have made money buying and selling, [...]
Continue reading about How to calculate your CPF 35% stock limit? Use a Calculator!
PREPs. Kim and I like to invest in private real estate partnerships, or what we call PREPs. No one else calls them that. It is simply a code name we gave to this form of real estate investing. A PREP is more often called a real estate syndication and is simply a private partnership that [...]
Continue reading about How investing in property can pay for your Porsche
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