Private property

I was thinking about the popular belief that buying private property will allow one to retire, by renting it out.

Given the high prices of condo, i still feel that stocks is a better choice. I would easily need to commit 200k to a property that might not pay me after deducting property tax and maintenance fees.

Although same can be said for the dividend streams that it is not guranteed. But in terms of the 200k, i could easily mitigate by investing in 3-4 stocks. Whereas the same 200k would be committed to one property.

Tenancy is also an issue.

Stocks are still my best bet to move towards my financial freedom.

Boredom shopping

It is a nice long weekend so once again I found myself having blogging as I could not think of anything to do on a lazy friday evening.

Had been running errands the whole morning, and playing online games.

I decided to take some time to review my finances. I had not been able to save 25k by August due to some unplanned expenditure (china trip, msia trip etc). Beating myself up over the shortfall will not help. Will try to save more in the coming months.

For now, i have plans to save more and stock up on Singtel shares. The stock market had been battered lately and Singtel shares had fallen from 3.50ish to 3.26. Am expecting it to go lower and will move in at 3.00 price.