Is It Better To Hold Cash Or Property (2nd) Now?

[Misc100 2]

Is it better to hold cash or property (2nd) now?

This is referring to a 2nd property.

Since we are heading for a deep recession (dunno how many years then can recover) and Citigroup predicting a 40% drop in properties prices.

Rental income may also drop.

[GMC 12]

  Misc100 said:

Is it better to hold cash or property (2nd) now?

This is referring to a 2nd property.

Since we are heading for a deep recession (dunno how many years then can recover) and Citigroup predicting a 40% drop in properties prices.

Rental income may also drop.

u got nothing better to do, ask so many times. haha

[applefreak 1]

cash is king

unless you can get something like the banyan tree villa where they guarantee 6% returns for the next 6 years

[TYM 0]

I will be happy to hold on to my job.

[GMC 12]

  TYM said:

I will be happy to hold on to my job.

That's is correct.

[Misc100 2]

Now is definitely better to sell. Problem is that there is no buyer!

[applefreak 1]

  Misc100 said:

Now is definitely better to sell. Problem is that there is no buyer!

sure got buyer if you are willing to go low

[CutePinkElephant 0]

cash is the king. but if ur hand like to itchy and cannot tahan to see money then asset is the king

if for me i will hold property. at least will rent out and hv some income. touch wood if lost a job still can hv a little money from rental.

when retiree i will sell it and enjoy the money thats my dream

[applefreak 1]

  CutePinkElephant said:

cash is the king. but if ur hand like to itchy and cannot tahan to see money then asset is the king

if for me i will hold property. at least will rent out and hv some income. touch wood if lost a job still can hv a little money from rental.

when retiree i will sell it and enjoy the money thats my dream

hahaha, exactly what i'm thinking

now just waiting for the market to drop further nia

[richman 0]

  Misc100 said:

Now is definitely better to sell. Problem is that there is no buyer!

Whee your 2nd property? If you let go cheap cheap, sure have buyer. There so many rich people in Singapore and the world.

[LadyLuck 0]

cash oso will drop rite. jus like property.

[wil74 0]

  LadyLuck said:

cash oso will drop rite. jus like property.

Lady Luck,

Saw your outstanding tasks. But there is one task I think can be reprioritized.

I felt compelled to share my thinking on the education part...

If you have a diploma, yes, please, by all means, further your education (no distance learning please). The probability of getting mgmt roles are higher with degree than diploma and that is money well spent.

However, if you have a degree, then please don't waste any more money going for Masters or such.

It is a waste of money plus missed opportunity costs.

Example, you have to pay $40k (masters) and missed opportunity costs (Your annual salary).

However, You do not necessary will get career advancement or higher pay with a Masters.

However all said, higher pay and career advancement ultimlately depends on:-

1) Your Job Ability

2) Your Networking Ability

The Masters should only be taken if the company sponsored you or has mentioned to you that they would like to promote you and a MBA would be good.

[wil74 0]

  LadyLuck said:

cash oso will drop rite. jus like property.

Lady Luck,

Saw your outstanding tasks. But there is one task I think can be reprioritized.

I felt compelled to share my thinking on the education part...

If you have a diploma, yes, please, by all means, further your education (no distance learning please). The probability of getting mgmt roles are higher with degree than diploma and that is money well spent.

However, if you have a degree, then please don't waste any more money going for Masters or such.

It is a waste of money plus missed opportunity costs.

Example, you have to pay $40k (masters) and missed opportunity costs (Your annual salary).

However, You do not necessary will get career advancement or higher pay with a Masters.

However all said, higher pay and career advancement ultimlately depends on:-

1) Your Job Ability

2) Your Networking Ability

The Masters should only be taken if the company sponsored you or has mentioned to you that they would like to promote you and a MBA would be good.

[Misc100 2]

  Misc100 said:

Is it better to hold cash or property (2nd) now?

This is referring to a 2nd property.

Since we are heading for a deep recession (dunno how many years then can recover) and Citigroup predicting a 40% drop in properties prices.

Rental income may also drop.

may be too late now, on hindsight, it is better to keep cash