Come! I recommend you jio Uncle8888 for coffee!

Treated him once; he now keep pestering for coffee at my watering hole...

So to get him off my back, I now write this advertorial to "lelong" his "Act of Charity" to you all.

Uncle8888 aka CW (I call him affectionately as the fisherman) has recently retired.

And he got only one final pokemon to catch before he retires completely from the game...

Yup! Time is on his side!

If you would like to seek the advice from a senior who has walked the walked; talked the talked - then look no further.

Someone who has climbed down the mountain.

Contrast it with you taking advice from someone who is still trying to climb up the mountain himself/herself... 

What the fisherman says is based on his personal track record and actual life experience; not straight line "extrapolations" or "prognosis".

All he asks in return is a drink (copy cat). He seems to like Ya Kun kopi black.

Go! Jio him for a drink at his blog DIRECTLY.

Got "heart", you'll find his email address.

If really cannot, write to me at my "jio me for coffee" (all the way at the bottom of my blog), and I'll tell you his email address.

But first, you'll have to sit through me "lecture you" on why its harder for you to succeed in life if you expect the mountain to move to you - the entitlement mentality.

Yah you!

The one who keep asking, "What stock should I buy?" or "At this price can buy or not?"

Can afford a place of our own after working for 5 years

Very few countries (or cities) in the world can young couples afford to buy a place of their own just after working for 5 years.

Singapore is one such place.

Of course I'm not talking about private properties.

But if it's HDB BTO 3 room in mature estates and HDB BTO 4 room in new (euphemism for ulu) estates - they cost about the same around $400K? Its more a choice between better location or bigger space.

And if you don't mind low floor as on 2nd level, can get for $300K.

You do the math.

20% of $400K is $80K, and divided by 2 people is $40K.

If you can't earn and save $40K after working for 5 years, why are you wasting your time talking about financial freedom and your goal of quitting work by 35?

Surely you have more pressing matters to attend to?

For those young couples amongst you who don't think you are "average", you better act fast before a quick flurry of promotions and pay raises will disqualify you from the 2 bites of the cherry HDB upgrade game.

Singapore is not cheap.

But one thing we should be thankful for is affordable public housing .

I know. Many will like to compare with third world emerging countries. But often you never compare the average salaries and affordability from local perspective there.

For those of you who don't like to tell little lies to oneself, its better to compare Singapore with cosmopolitan cities like Hong Kong, Shanghai, London, New York, Sydney, etc.

Singapore versus Hong Kong Housing Affordability

How to verify "wah kali kong" advice

Proud declaration: I never practice cut-loss!

Verify: You got any 10 baggers in your portfolio before?

No? Walk away...

Smug face: I measure and track my portfolio right down to 2 decimal places.

Verify: Your portfolio in the red or black?

Red? Walk away...

Snake-oil: The future of trading is automated trading!

Verify: How many copies of your software have you sold to institutions?

Only to retail traders? Walk away...

Parrot: Buy and hold long term investing is the one and only true path!

Verify: When did you start investing?

Last month? Walk away...