tag:blogger.com,1999:blog-6897513886211197509.post6024905357622660007..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: What Passive Income?Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger33125tag:blogger.com,1999:blog-6897513886211197509.post-66805938470223353312014-07-22T13:38:27.435+08:002014-07-22T13:38:27.435+08:00CW,
That's a good one! Ouch!
You very de bad...CW,<br /><br />That's a good one! Ouch!<br /><br />You very de bad...<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-20030227580296586002014-07-22T13:24:37.712+08:002014-07-22T13:24:37.712+08:00Follow your bloggers. They are working. Can?Follow your bloggers. They are working. Can?Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-33893348061070931672014-07-22T13:04:44.951+08:002014-07-22T13:04:44.951+08:00pf,
Doing what we like and enjoy is a blessing! G...pf,<br /><br />Doing what we like and enjoy is a blessing! Getting paid for it is icing on the cake!<br /><br />Hence you don't hear or read about Warren Buffer or George Soros having X amounts in Y years goals and then they quit....<br /><br />They are definitely not in it to "escape" ;)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-91858449107993814112014-07-22T12:58:29.625+08:002014-07-22T12:58:29.625+08:00Richard,
Words don't matter. Our own psycholo...Richard,<br /><br />Words don't matter. Our own psychology matters more. <br /><br />Some really thought no need do own thinking, just follow others, and passive income will come...<br /><br />Like that who will do the working?Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-50449383691746828752014-07-22T12:55:44.764+08:002014-07-22T12:55:44.764+08:00coconut and temperament,
And that's what I wa...coconut and temperament,<br /><br />And that's what I was alluding to when I said some talks and seminars are more like slaughter houses ;)<br /><br />Why talk about vegetables and mobile when I talk about property? If I buy an overseas property, it's most probably to live-in.<br /><br />People complain Singapore too expensive; I take personal responsibility. It's all about keeping my options open.<br /><br />You never know when Singapore can be run by goons and idiots...Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-79707752874958610682014-07-22T12:15:26.363+08:002014-07-22T12:15:26.363+08:00Agreed.
Each country has it's own rules and r...Agreed. <br />Each country has it's own rules and regulations. Some are very peculiar and disadvantage to foreign buyers. Don't just rely on property agents show and tell. If you must invest, engage a competent lawyer to represent you first of all things.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-34495452259873035482014-07-22T11:37:34.476+08:002014-07-22T11:37:34.476+08:00Diff ppl diff perspective.
I quite enjoy my day ...Diff ppl diff perspective. <br /><br />I quite enjoy my day job. At the moment. To me, I'm active in the subject matter. Great to get paid for it!<br /><br />Studying abt investing and structuring a ptf with regular stream of income might be enjoyment to others. Think this is like lego. Maybe that's why it appeals to more boys than girls. Haha!pfhttps://www.blogger.com/profile/07201135543092422698noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-88952659099543775152014-07-22T11:05:19.098+08:002014-07-22T11:05:19.098+08:00never ever invest properties oversea! unless you a...never ever invest properties oversea! unless you are the expert!coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-2912583072151905112014-07-22T10:15:07.000+08:002014-07-22T10:15:07.000+08:00Yeah! Agree with you that many seemingly "pas...Yeah! Agree with you that many seemingly "passive" income are non-passive at all. <br /><br />I guess the key difference about passive income is that it is not directly correlated to the action/time that we've put in for active income (like monthly salary). But again, some might not agree with me on this too ;-)Investopenlyhttps://www.blogger.com/profile/07785795437892877722noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-27134237376021527392014-07-22T10:00:08.742+08:002014-07-22T10:00:08.742+08:00temperament,
Selective perception is interesting....temperament,<br /><br />Selective perception is interesting.<br /><br />1. I never say switch from equities to property. I only say I would like to ADD property into my existing mix of asset classes ;)<br /><br />2. I only said Investment Property. I never said:<br /><br />a) It has to be residential.<br /><br />b) It has to be in Singapore.<br /><br />c) It has to be a rental unit.<br /><br />Make a wild guess why I have an interest in languages? I'm not a vegetable; I'm mobile. A citizen of the world :)<br /><br /><br />As for REITs versus physical properties, I think I'll write a post on it this week. Thanks for the inspiration!<br /><br />A short teaser: Paper assets are not the the same as physical assets.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-43714707441633473522014-07-21T20:38:21.162+08:002014-07-21T20:38:21.162+08:001. coconut, thanks for calming down our "da ...1. coconut, thanks for calming down our "da ge". <br /><br />2. temperament,<br /><br />LOL! I didn't know "investment property" is a trigger word for you ;)<br /><br />Of course I believe you! You own a rental unit.You speaking from experience; not regurgitating what others have said or wrote.<br /><br />Ya hor!? Who says property rental is passive income? Don't look at me... I just wrote a blog post asking "What Passive Income?"<br /><br />We same country OK? Don't hit the face!<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-45584471761497353082014-07-21T17:23:55.258+08:002014-07-21T17:23:55.258+08:00Ha! Ha!
CW,
your colleague must be talking about ...Ha! Ha!<br />CW, <br />your colleague must be talking about owning not 1 or 2 rental properties, i suppose; But tens or hundreds of properties. <br /><br />But relax, there are property rental specialists who offer their extra services (taking care of your tenant's needs/problems) which they are not obligated too; after you paid them a month rental for 24-month tenant's contract.<br />Some of them do this because hopefully, they will have more and more repeated rental-property-owner clients.<br /><br />My son's good friend is one of them.<br />CW, you are right outsource to MA without extra cost is worth the 1 month rental payment out of 24-month rental payment.<br />Owners are shielded from the tenants "psychology" by the rental specialists. i think it's worth the 1 month payment to them. imoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-58085932048698043982014-07-21T16:54:27.051+08:002014-07-21T16:54:27.051+08:00i think only s'pore and maybe hongkong is the ...i think only s'pore and maybe hongkong is the only place where invest in property still can play play, if elsewhere, people lost their pants and underwear becos of property investment.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-9385368929359161872014-07-21T16:50:52.069+08:002014-07-21T16:50:52.069+08:00not to mention that the prices of property are alw...not to mention that the prices of property are always one way street, one way up and then one way down!coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-11533648789540985982014-07-21T16:47:29.850+08:002014-07-21T16:47:29.850+08:00And yes owning a 2nd property is also the same. It...And yes owning a 2nd property is also the same. It won't protect you from 1997, 2000, 2008..... except that it won't go to zero value like a stock. Really that's the only main reason i think a 2nd property is worth to take all the troubles. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-16122479152535323342014-07-21T16:47:21.362+08:002014-07-21T16:47:21.362+08:00My colleague said outsource to MA then is passive ...My colleague said outsource to MA then is passive incomeCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-50548768132360563092014-07-21T16:45:59.412+08:002014-07-21T16:45:59.412+08:00calm down temperament, calm down haha...
i agreed...calm down temperament, calm down haha...<br /><br />i agreed!coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-45044947063418765792014-07-21T16:41:47.946+08:002014-07-21T16:41:47.946+08:00SMOL,
But owning a 2nd property has it's price...SMOL,<br />But owning a 2nd property has it's price to pay. Owning Reits are better if not quite as safe. Reits very rarely can go to zero value unless there is a fraud.<br /><br />The price you pay for owning a 2nd property is quite "chiat luck". <br />No tenant for your property you still have to pay G's property tax, property maintenance, bank's mortgage interest and no GST top-out payment and lesser HDB's utilities rebate. Plus all the hassle of looking after your property and looking for tenant.<br />Anyone say rental property is easy passive income? Who says?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-21680138649102139002014-07-21T14:30:14.244+08:002014-07-21T14:30:14.244+08:00coconut,
For me, I am missing investment property...coconut,<br /><br />For me, I am missing investment property in my portfolio. <br /><br />Patience.<br /><br />For me, I rather diversify across asset classes. I really am a man-whore or what!?<br /><br />Owning 100 stocks won't protect me during 1997, 2000, 2008...<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-64715473926741125082014-07-21T14:17:52.936+08:002014-07-21T14:17:52.936+08:00coconut,
Yup, no fish; small fries also can.
Oh ...coconut,<br /><br />Yup, no fish; small fries also can.<br /><br />Oh well, serve me right for poking my head out to the incoming freight train. LOL!<br /><br />If people ask me market going up or down?<br /><br />I'll poke out my head. <br /><br />Now I can confidently say it's going up (for now at least)! <br /><br />How I know?<br /><br />I just got slapped by the market... <br /><br />Talk about crash got sound! <br /><br />LOL!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-83836366308446549192014-07-21T14:16:06.765+08:002014-07-21T14:16:06.765+08:00actually i wanted to build and actually did build ...actually i wanted to build and actually did build an investment portfolio during that time i made my big loss, the problem is that i did not cut down my trading volume, not only that i think i actually increase my position size and at the height of euro crises, both side were screaming for margin and thats why i cut my investment at a big loss!<br /><br />now its time to build that portfolio again since i've made my money back soon, the ratio is around 50/50. one day it will becomes 100/0.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-68866102076770330062014-07-21T14:02:09.531+08:002014-07-21T14:02:09.531+08:00seriously speaking, i don't really care about ...seriously speaking, i don't really care about the small investors or traders, it is the big institution volume that is drying up, no one is pushing the price, i remember fat were so worry about the big boys who were in control, where are they now???<br /><br />without the big boys pushing the market, a cup of copi from you is still better than nothing haha...actually no so true, i had been long the market a while already, now its even longer.<br /><br />there is a saying, if you can't beat the crowd, joint them.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-69961367965092654242014-07-21T13:50:45.717+08:002014-07-21T13:50:45.717+08:00coconut,
I was glad when SGX revealed we got quit...coconut,<br /><br />I was glad when SGX revealed we got quit a few new brokerage accounts opened recently ;)<br /><br />I guess the markets is the few example where the incumbents welcome new members with open arms. <br /><br />Must also thank those "full houses" in seminars and talks by ronin shepherds. <br /><br />Need to whip up more market exuberance! Dwindling market volume is never good for you and me incumbents :(<br /><br />Quite unlike other arenas where we incumbents will be concerned with the increased competition or sharing limited resources with increasing hordes of "new guests"...<br /><br /><br />Hey! I went short and you went long the STI last week. Blistering barnacles! You took my kopi! *&*&!!@#$^)*%#!<br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-2300397030725903642014-07-21T13:24:02.950+08:002014-07-21T13:24:02.950+08:00if one use the word incomes, then loses and draw d...if one use the word incomes, then loses and draw down will becomes expenditures! coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-85661965480913918612014-07-21T13:20:02.363+08:002014-07-21T13:20:02.363+08:00in the market place, there is risk and rewards, wi...in the market place, there is risk and rewards, win and lose, no such term as incomes as thought you are employed by the market himself? so the so call passive incomes is still a reward, a win from taking that positions.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.com