tag:blogger.com,1999:blog-6897513886211197509.post1539266122807996042..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: The place of residence you bought is not an asset?Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-6897513886211197509.post-78712116355669294382012-04-04T17:42:23.285+08:002012-04-04T17:42:23.285+08:00Hello Anon: 01:26,
Right on!
The heart, mind, an...Hello Anon: 01:26,<br /><br />Right on!<br /><br />The heart, mind, and soul must align.<br /><br />The mind may say it does not matter since I am not selling... But the heart beats like hell in the silence of the night.<br /><br />If the body suffers, the soul may be tempted to take short-cuts to ease the pain...<br /><br />But don't take me too seriously. I am more of a quack!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-44811725713126751412012-04-04T16:26:02.141+08:002012-04-04T16:26:02.141+08:00[quote]
Why the strong emotions if the property we...[quote]<br />Why the strong emotions if the property we owned is not an “asset”? <br /><br />The little lies we tell ourselves…<br />[/quote]<br /><br />though we might not consider the property we owned is an asset, the loan we took for the property is a real liability. <br /><br />I would be very nervous if my property valuation dropped like a rock.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-88257816717441047782012-04-04T11:22:45.360+08:002012-04-04T11:22:45.360+08:00Drizzt,
Agree. Companies have more advantages tha...Drizzt,<br /><br />Agree. Companies have more advantages than an individual. That is why some high net-worth individuals create holding companies for their investments.<br /><br />Just a tease. Companies are indeed different. Different sectors, different industries.<br /><br />In your excellent dividend companies tracking report, you are benchmarking them using the SAME accounting standards ;)<br /><br />There is an standard accounting terminology for net worth. Of course we can use our own definitions (it's a free country); but I would prefer to use - net worth (excluding personal home) - if I want to make up our own terminology variant from the standard :)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-13377743526023127872012-04-04T11:19:27.482+08:002012-04-04T11:19:27.482+08:00CW8888,
I hear you. You are coming from the viewp...CW8888,<br /><br />I hear you. You are coming from the viewpoint of a responsible husband and parent. Your family is so lucky!<br /><br />It's a pity not all family men behave or think like you...<br /><br />I am coming from a zero based, no-holds-barred perspective. I wonder if I am making any sense? <br /><br />LOL!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-11423787777042277332012-04-04T08:01:29.953+08:002012-04-04T08:01:29.953+08:00Bad stocks cause us personal heart-pain nia. Bad h...Bad stocks cause us personal heart-pain nia. Bad home is evryone living in that home will suffer. See the difference. Same as high leverages. Companies can be high leveraged but many of us can live with high leverages without occasional nightmares. See the difference again???Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-71950730203501293392012-04-04T06:06:47.780+08:002012-04-04T06:06:47.780+08:00companies are different. they are more liquid in t...companies are different. they are more liquid in that they can move out easily or do a sale and lease back deal.<br /><br />they can also rent out partially their building.<br /><br />we can't always compare that way.Kyithhttps://www.blogger.com/profile/07617228143744544821noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-79971506107505241672012-04-03T22:50:30.391+08:002012-04-03T22:50:30.391+08:00Hey Cory!
Ah, it must be Spring in Taiwan now. I ...Hey Cory!<br /><br />Ah, it must be Spring in Taiwan now. I miss the 4 seasons...<br /><br />I hear you :)<br /><br />Of course we can use and should the standard accounting definitions. That's what standards are for.<br /><br />I'm just having fun with those who use one standard in evaluating companies; but another yardstick when it comes to their personal wealth. <br /><br />The things we do to get an ego boost.<br /><br />LOL!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-67630431570635819152012-04-03T22:34:57.018+08:002012-04-03T22:34:57.018+08:00I think like wealth, asset is relative. Therefore ...I think like wealth, asset is relative. Therefore so are networth.<br /><br />We just have to agreed to a common definition since everyone has their own scenario and views.<br /><br />The key is understanding "Relative" & thus "Standard convention".<br /> <br />We have been reading Annual report for ages. Why not do our own Annual Report per current company standards on Cash, Net Asset and Total Asset definition ?<br /><br /><br />CoryCoryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-26785321779819395862012-04-02T20:44:18.939+08:002012-04-02T20:44:18.939+08:00Thanks Anon 03:51!
As a single, although I can...Thanks Anon 03:51!<br /><br />As a single, although I can't buy direct from HDB, I am grateful and contented that I have this tiny roof over my head.<br /><br />Especially when waking up to a thunderstorm this morning. While drinking the hot coffee that mom brewed, I have a warm and fuzzy feeling inside.<br /><br />It's more than a roof; it's my home :)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-34321466381815684712012-04-02T18:51:40.721+08:002012-04-02T18:51:40.721+08:00Enjoyed ur post!
An asset should have the follow...Enjoyed ur post! <br /><br />An asset should have the following:<br />- Enduring value in the form of rising resale value, depending on appreciating property market. (depends on when u buy the flat and whether property market will crash)<br /><br />- ability to sell it off by the owner (HDB fail in this aspect)<br /><br />- abilty to use the HDB to generate income. (renting it out is one way, some use it as office as well)<br /><br />- loan used to finance HDB? Should less off outstanding loan from HDB value<br /><br />At the end of the day, i look upon the HDB as a roof, nothing more, nothing less.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-63084751093468727532012-04-02T16:05:27.284+08:002012-04-02T16:05:27.284+08:00Renting???? The landlord can ask us to FO hor if h...Renting???? The landlord can ask us to FO hor if he/she is boi song.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-51160004297435522912012-04-02T16:00:22.218+08:002012-04-02T16:00:22.218+08:00Renting??? The landlord can ask to FO hor if he/sh...Renting??? The landlord can ask to FO hor if he/she is boy song.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-9003884857858280962012-04-02T13:46:10.038+08:002012-04-02T13:46:10.038+08:00Agreed.
A USD millionaire living in singapore and...Agreed. <br />A USD millionaire living in singapore and HK will be like struggling to drive a ferrari and live in big house and have a yatch somewhere in town.<br /><br />A USD millionaire living in Malaysia and Thailand, very doable.Wealth Journeyhttps://www.blogger.com/profile/11915861361512508441noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-5219626036321434422012-04-02T13:43:18.936+08:002012-04-02T13:43:18.936+08:00Right on Mate!
It's all about the individual&...Right on Mate! <br />It's all about the individual's situation.<br />If can migrate, it definite is an asset. :)Wealth Journeyhttps://www.blogger.com/profile/11915861361512508441noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-51374826677962546402012-04-02T12:46:30.455+08:002012-04-02T12:46:30.455+08:00Hi coconut, not really one way ma. When the full o...Hi coconut, not really one way ma. When the full of debts husband/father becomes rich somehow, he can redeem his wife and children if he still has a heart. But it is very rare indeed for it to end this way.<br />What i am trying to say is when a man needs to survive he will do anything possible. What is debt? What is asset? It doesn't matter to him anymore?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-77572143770588645192012-04-02T12:09:58.673+08:002012-04-02T12:09:58.673+08:00wow haha Temperament, you drop a bomb. make me fee...wow haha Temperament, you drop a bomb. make me feels so lucky being living in this time frame.<br /><br />however, flexibility have to work in both ways or inter-changable. asset to cash back to asset again.<br /><br />your example seems to go only one direction.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-70597187326398340132012-04-02T11:35:45.239+08:002012-04-02T11:35:45.239+08:00Temperament,
Thanks for wider take on "asset...Temperament,<br /><br />Thanks for wider take on "asset"! <br /><br />Yes, I've heard about wives and children being gambled away when policemen were still wearing shorts... Talk about sins of the father!<br /><br />This is the reason why I find blogging so fun! I just put a half-baked idea into post, and how wonderful to hear so many varied, different, and alternative viewpoints :)<br /><br />What I know and believe are limited by my own life experiences. <br /><br />By listen and having dialogue (sometimes poking back) with you all, I've really opened my eyes to all the possibilities! Amazing.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-6013125518918848892012-04-02T11:25:50.559+08:002012-04-02T11:25:50.559+08:00In Sun Tsu Art Of War, SPEED is an advantage.
(Pr...In Sun Tsu Art Of War, SPEED is an advantage.<br /><br />(Provided of course you don't wreck your sports car!)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-40864639286097996422012-04-02T11:25:30.013+08:002012-04-02T11:25:30.013+08:00To be even more direct, debt or no debt, every thi...To be even more direct, debt or no debt, every thing you have that can be converted to cash is an asset. To be crude, in the old days,(how cruel), wife and children are considered as assets; even the man himself is an asset. In other words when you need to survive, anything, everything is possible asset. Think of CDOs. <br />Beware of what's coming next?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-63040422222499761922012-04-02T11:08:26.532+08:002012-04-02T11:08:26.532+08:00ya, years of speculation has taught me to be flexi...ya, years of speculation has taught me to be flexible. as flexible as i can be to get that inner peace. in trading, you really need a lot of that haha.<br /><br />and you know what, being simplicity makes the job a whole lot easier and more flexible for you to act. i can go from 100% cash to 0 cash in no time.<br /><br />i'm not sure it will do any good to investment though.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-47821739836443296442012-04-02T10:45:26.317+08:002012-04-02T10:45:26.317+08:00Coconut,
Wonderful! Another alternative view on a...Coconut,<br /><br />Wonderful! Another alternative view on asset and liability!<br /><br />Yours is even more provocative!!! What you need is not an asset; what you can get rid off is!?<br /><br />You are right - why make it complicated? At the end of the day, it's not about who's right or wrong (thinking makes it so), it's more about do we act in accordance to our beliefs ;)<br /><br />Heart, mind, soul in harmony - inner peace.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-36467828741225172052012-04-02T10:26:44.417+08:002012-04-02T10:26:44.417+08:00wah so complicated! i see asset and liabilities pr...wah so complicated! i see asset and liabilities pretty simple. <br /><br />if things that i own, be it house, car, stocks, you name it, it becomes liability or at best, not an asset if i cannot get rid at will.<br /><br />so my car and my house, i will still be needing them tomorrow, they are not an asset to me. whereas other asset i can part with them any time i want, they are assets.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-52241481168749358972012-04-02T08:30:45.858+08:002012-04-02T08:30:45.858+08:00If there's an emergency cash crunch (owe money...If there's an emergency cash crunch (owe money to ah long?) or if I want to uproot and move to a lower cost of living retirement place at our neighbouring countries, a fully paid HDB 3 room would come mighty handy!<br /><br />Talking about replacement cost, my HDB 3 room can exchange for a landed property in 2nd or 3rd tier cities in Asia. Life is good! (Provided of course you don't have chains on your feet)<br /><br />You are right. At the end of the day, it's how each individual see the world (or themselves). <br /><br />Why put on straight jackets and wear blinkers?Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-58720224130754313652012-04-02T08:18:42.002+08:002012-04-02T08:18:42.002+08:00This is a good example of the "your situation...This is a good example of the "your situation" moment.<br /><br />There are solutions; but the hermit has to first let go of the banana he/she is clenching tightly in the jar.<br /><br />The conundrum lies with the individual; not the property.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-56197904009632806642012-04-02T08:12:38.081+08:002012-04-02T08:12:38.081+08:00"Main point is you need a roof over your head..."Main point is you need a roof over your head and replacement cost will determine whether your place of residence is an asset."<br /><br />There is also the choice of renting.<br /><br />I often wonder why people don't switch to renting once they have converted to the view that their place of residence is not an asset?<br /><br />Their lack of conviction shows... Only those who are renting and investing the rest for cash flows are the true believers.<br /><br />I don't listen to the talk; I listen to the walk.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com