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28 May 2012, 5:05:50 am
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Seriously - so much cash, stocks suck, inflation fears...property!
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Topic: Seriously - so much cash, stocks suck, inflation fears...property! (Read 1902 times)
property gooroo
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Re: Seriously - so much cash, stocks suck, inflation fears...property!
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Reply #15 on:
23 August 2011, 23:34:21 pm »
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I can confirm that properties will go up another 5 to 15% this year.
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ExpatSingapore Message Board
Re: Seriously - so much cash, stocks suck, inflation fears...property!
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Reply #15 on:
23 August 2011, 23:34:21 pm »
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LR6
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Posts: 26
Re: Seriously - so much cash, stocks suck, inflation fears...property!
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Reply #16 on:
24 August 2011, 4:54:18 am »
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My take on this, after the 2008 crash, where I lost almost all my savings etc and everything went to custard. Go for something long term and secure as a priority.
Life insurance like prulink is one way to go. I did that and managed to cash out when the going got rough and at least survived the turbulence almost barely.
Next is property, no matter how small your house is at least there is a roof above your head. If you can pay it outright and not secure it to any loans or as guarrantor that will be ideal. I did a family trust and change my house title deed to my trust. Hence no creditors are able to take the house away from my family. Lastly Term Deposit with long tenure with two signatory for safe guard
Once you had done that, what ever cash balance you have, you can then decide either to go for stock , blue chip, managed funds, forex derivatives. be prepared to lose and make sure you do not dip into your savings or your house. If you lose it then walk away.
I am grasping to get my life back after the 2008 crash . I had to be nimble and frugal. Thankfully, I had being saved by having the above prepared as back up. Now the market is so volatile that it is very hard to make the next move.
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