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cantopop

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Everything posted by cantopop

  1. took a small nibble at the market today 20 lots sakari at $1.65... , 10 lots wilmar at $3.98... Keppel below $10 .....semb marine below $4 , i will accumlate more....oil price at 6 months low... expect to market to trend down short term, buying on the way down, for selling on the way up...
  2. We're in the midst of finanical tsunami. Never test the water with both feet. Out of the market till the tides goes out.
  3. To achieve 70% savings, it is ideal for $15k salary to own 1.6L car & 4 room flat. The magic of compound ROI will multiply your fortune many folds.
  4. Earning power of many times $200k p.a very very unlikely cannot afford d/p for 50k car. Tax for income $200k is $22.3k CASH.
  5. Not really. SG tax is low compared to other country. Security & stability are excellent for tax paid. Undeclared income is seeking trouble. Never underestimate taxman's capabilities. Esp. in SG Inc.
  6. So if car cost more than 25% of annual income then you are paying too much tax to government.
  7. GTR??? Definitely over my budget. TMore than double price for my prado. Need to inherit another 500 acres of palm oil planation for that.
  8. I'm not rich:angel: Just enough for new Japanese 4WD bought at 25% of my annual income.
  9. Car ownership is not for the lower income. If you cannot afford it then don't own car. John Mccain's definition of rich is US$5million annual salary. So we're not rich but sensible.
  10. car is 25% of annual income. car related expenses is 2.1% of monthly income.
  11. if cost of car exceeds 25% of annual salary, then should not consider owning car.
  12. Your savings of 25%-37.5% is acceptable but not excellent. You should aim for 50%-70% savings minimum. Car should pay in cash. Cost of car should not exceed 25% of your annual salary. Car related expenses should not exceed 5% of take home salary.
  13. Property should take loan. Car should pay cash. savings should be 70% of your take home.
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