It Wasn’t The Best Of Returns

My initial home was a 5-room level bought from the resale market. House hunting was an effort of visiting the house after house quite. It’s a pretty exhausting exercise. And by the 7th attempt, we virtually reached a point of fatigue. It had been at what would be deemed a rule (taken care of) areas known at Yishun. Whenever I stated that I resided in Yishun, the appearance from friends was one of “kampong” in a far far away land. There were actually goats along the roadside then!

And to add to the kick, you get a lot of helicopters flying around for novelty. The novelty enough wore off soon, each year before Country wide Day when the chopper with the National flag flew past and gets rejuvenated. It wasn’t much of a financial burden as the monthly installment payment was well within the method of a set of newly weds.

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I was barely three years into the working market and didn’t have a lot of money for any other thing more anyway. THEREFORE I suppose this wasn’t a bad decision as I did not excessively burdened myself with a high level of debts. I rate this a “hit” (right choice). It was more than 12 years later that I made a decision to “upgrade” to a condominium. When I improved to an e-condo, it was another “ulu” out of the way kind of place – Yew Tee. It wasn’t an expensive place given it’s “ulu” -ness.

In addition, I took whatever CPF and cash we had to pay down the primary. Now, here’s where I’ve some doubts today. 100K within a year, I wonder easily should have just lived with the higher degree of loan and use that cash to instead make investments into the market? Returns of 6-8% annualized would definitely have outstripped the loan interest of 3%. Plus, I could have refinanced the loan after a few years. 100K, it appears the banking institutions weren’t keen to provide refinancing.

I think this was a “miss” (bad choice). I started trading innocently being truly a noob in investment. And the very first means was via insurance-related means. In comparison to devoid of any form of investment in any way, it was an excellent start. I possibly could rate this a “hit” compared to having no investment whatsoever.

But being a bit more tuned directly into options today, I would certainly say this has been a “miss”. It wasn’t the best of profits, though it offers given positive returns. Could have done better! We stayed off owning an engine car for several years and rely on public transport to get around.

Considering that the automobile is a depreciating expense, this was wise probably. I rate this a “hit”. When my second kid was born, my wife and I made the decision that it was time to obtain a motor car. Having a maid in tow, five people just weren’t going to match into a taxi. Our initial car was another hands Suzuki Swift.

It was quite low priced. But you get what you purchase! The car provided us quite of bit of angst when the iron started to behave such as a heater. And one fine day, we started getting steam coming out of the bonnet. Looked like we had bought ourselves a teach. Stung by this experience, we went on to buy a brand new Nissan Sunny.

On hindsight, I really cannot describe why, but we transformed in one-Nissan Sunny to some other every 3 years for the next ten years once. Were we crazy or what! I guess we should plead insanity. Our latest car is a Toyota Wish. A family car for a growing family. They have lasted more than six years this time. And with the price tag on COE in stratospheric levels, it looks like we shall continue to operate it for a more long time. It’s been a substantively more fuel-efficient car than the Nissan Sunnys we owned previously. It has been reliable, with a few occurrences of deflated tires to spice things up.

It didn’t take too kindly to working over nails I guess? Notwithstanding that it is a depreciating asset, I think overall it has added to a certain standard of living. So I would rate this a “hit”. Housing and cars, two VERY big cost items for Singaporeans. 184,000 that has gone to Neverland. Seems just like a few hits and a few misses for me.