property vs stocks

sinkies

FUCKING

love property

could be an asian thing

could also be because 1/2 people in singapore is a property agent or closely related to one

for many years now

i intuitively know that residential property underperforms stocks while also being a pain in the ass to manage

https://youtu.be/Pv389tqpiWc?si=niNRQN_1DkG1eNDR

this video says a lot of what i want to say 

 

1st point - a lot of cost line items

it is not so simple as [ (sell price) - (buy price) ] / years held

most property investors completely fail to correctly include all costs so their PNL is always inflated

 

2nd point - compare property vs stocks

costs

effort and involvement

liquidity

1 missing line item is "wholeness"

you cannot sell 10% of a property, but you can sell 10% of your stock portfolio

 

3rd point - the "goal" of property vs stocks

(not included in the video, it is my own point)

take a moment to think about

ssd, bsd, absd, annual property tax

you realize, it is not in the governments interest to pump property prices right?

sg is even more special, since gahmen builds and provides housing to 80%

if property prices go up, it is BAD and ppl comprain about affordability 

propety has natural characteristics to be cooled down, for "social good"

property is designed to never chiong much faster than inflation 

compare and constrast to stocks

stock market got cooling measures?

got absd if you buy more stocks? got ssd if you sell within 3 years?

got annual tax on the value of your stocks?

your portfolio value go up too much, ppl will talk about it in parlaiment?

the nature of stocks is that the are designed to go up

up is always good

down is always bad

my opinion is property if you want mental comfort, buy and be happy

but you want to play pretend that property is also a good investment? go ahead lor

you probably also the type that play pretend whole life / ilps are also good products lol

note: mr chua compares his forecast with 2 scenarios

scenario 1 - renting out 1 of the dual key unit

scenario 2 - not renting out the dual key unit

but he is missing scenario 3 - renting out both the dual key units

there is another flaw he makes when comparing property vs stocks

he included interest cost

i would compare a 100% cash finance property to a stock portfolio if i wanted apples to apples

but of course

in sinkieland

who buys properties 100% in cash?

answer is: the ultra rich ppl buying GCBs

ironic cos that many of the richest ppl in the sinkieland do not WANT leverage, when they obviously have access to it

makes you wonder what these rich ppl know that the poor ppl dont 

why they so stupid dont leverage up on such a massive quantum asset?

if you so smart, you live in a GCB right?

sinkie finfluenzas and their net worths

just nice EOY, everyone posting NW

honey money sg: $1.06M

budget babe: $1M 

mm dream: $3M

STE: $3.2M

stocks n savings: $431K

snowball: $931K

live rich life free: $600K

investment machine: $422K

singaporean son: $188K

amking cents: $1.6M

dividend uncle: $1.45M

my observation:

1. a lot of SGX bias

2. a lot of focus on dividends

3. a lot of stock pickers

i disagree with SGX bias because obviously sg market sucks compared to us market

i disagree with focusing on dividends and instead focus on total returns

i disagree with stock picking, unless you have proven record of beating the market with your picks

thank you everyone for sharing your 2024 portfolios and net worth

glk genuinely wishes you all a prosperous 2025

source:

https://www.youtube.com/watch?v=aPR8Mbn1RM8

https://sgbudgetbabe.com/2024-financial-review/

https://multi-million-dream.blogspot.com/2024/12/a-new-post-after-long-hiatus.html

https://stestocksinvestingjourney.blogspot.com/2024/12/portfolio-dividend-update-28-dec-2024.html

https://stocksnsavings.blogspot.com/2024/12/portfolio-summary-for-december-2024.html

https://snowballsg.wordpress.com/2024/12/31/portfolio-dec-31-2024/

https://liverichlifefree.blogspot.com/2024/12/portfolio-update-december-2024_31.html

https://myinvestmentmachine.blogspot.com/2025/01/my-investment-portfolio-sg-end-dec-2024.html

https://justasingaporeanson.blogspot.com/2025/01/a-review-of-2024.html

https://makecentsnow.wordpress.com/2025/01/05/2024-year-in-review-and-looking-ahead-to-2025/

https://thedividenduncle.com/2025/01/07/reits-dragged-down-my-portfolio-in-2024-what-saved-it-and-my-next-move-investmentportfolio/

private markets for public idiots

https://blog.moneysmart.sg/invest/60-40-portfolio-outdated-whats-next/

sorry audrey

that you got assigned to wrote a paid piece promoting shit

quick answer to why the 60/40 is outdated is because (long duration) bonds are no longer an asset class fit for investment

next point on private equity, private credit, hedge funds, commercial paper and structured products

these are all shit products that are ILLEGAL to sell to retail investors

so they are instead used to legally scam "accredited investors"

much like options, leverage and structured products

you will do significantly better by never touching them

source: myself

best investments (non-crypto)

investing advice is just strategy recommendations

there are a lot of very shit strategies developed by noobs and stupid people that dont understand the game

and there are some very cheese strategies that exploits certain imbalances of the game

 

investing is a game

to win this game is easy

you need to have a lot of money by x date

along the way, there are surprises

some a good surprise, bonus to your money

some are bad surprise, big hit to your money

your strategy need to have strong defense to survive the bad surprises

but also offensive for you to reach a lot of money by x date

"bad" advice tends to be things things that are too low or high risk

too low risk means you run the simulation even before the game starts, and you know its not good enough

too high risk means you run the simulation, and you know the odds of making it to the end is too low

i think investment advice cannot be listened to in isolation

you need to know the whole strategy

what is the person doing to manage recurring and daily expenses

what is the person doing to guard against downsides

what is the person doing to take risks for the upsides

if you just mix and match advice, maybe it is not a complete strategy

a lot of people think crypto is a scam

game updated and crypto is just a new weapon 

dont think so hard

just win

 

you want to dig the hole with a fork

when someone else has the new item called a "shovel"

that is your choice to continue doing what you want to do

at the end of the day

there is no award for being the "best investor (no crypto)"

our capitalist society accepts $$$ all the same, regardless if halal or haram

critic of honey money sg 1m sgd

https://www.youtube.com/watch?v=aPR8Mbn1RM8

 

first, important background info:

- i watch almost every single of chris videos

- i see a lot of my younger self in him

- i see a lot of my poorer self in him

- he has a 1M35 goal ($1M USD by age 35)

- i achieved 10M35 

- i got no course to sell you, no live event for you to attend

video notes:

- his idea of ikigai is objectively wrong

- but nvm, as long as he is happy with his own idea of ikigai, there is nothing wrong with it

https://guailanking.blogspot.com/2024/11/ikigai-more-like-its-lie.html

- agree with his method of counting his net worth

- agree that own stay residence should conservatively be considered pure utility and not a financial asset

- change in "scarcity" to "abundance" mindset, amazing milestone unlocked

- no longer niao to the cents

- min max ccs as a hobby and not a wealth building tool

 

- manage cost, maintain health, maintain relationships, all good generic advice

- high income skills -> high income makes sense from his current position, but its not the final form

 

 

video commentary done, let me address the final point

 

"income" is a dangerous word that he is using

here i see yet another person, trying to sell their time and labor for higher dollar amounts

sure, skills is for yourself, instead of salary that is reliant on a company retaining employement

but it is still "worker" mindset

i already say i see a lot of my younger and poorer self in chris

i saw his transition from part time finfluenza, to become self employed, and already long predicted that he will corporatize as he realize self employed is basically 90% the work of own company employ ownself, but having a company has a lot more benefits

i saw him being so gian about cc miles and points to him having the realization that cc minmaxing is a fun intellectual hobby that optimizes financial situation, but is not wealth changing (next level is him admitting that all the low caps

i say the above so you know im not coming from a place of jealousy (i had more at his age)

and i completely understand the evolution in mindset, because i already walked the same path too 

i think what he is doing and thinking about is correct given his situation

im not saying he is wrong

im just saying what will happen next

 

his next mindset milestone life changer will be realizing that he is his own super "worker"

nothing bad about being the star employee of the month

except that if the worker dont work, worker dont make money

the next mindset shift for him will be from super saikang coolie star employee (ownself employ ownself)  -> do next to nothing capital deployer, business owner

the lifepath of chris honeymoney from here on out will be textbook example

he will indeed focus on his high income skills and he will hustle and really pull in high income

and once he amass enough capital within the next 10 years, he will very quickly see that the uncapped returns of capital is higher than his diminishing marginal net returns of labor

and he will now "retire" again and his "ikigai" will change

as he realize, knn every few days must make video content and show face, so much obligations

buy property ppl kpkb buy car ppl kpkb go holiday ppl kpkb spend my own money ppl kpkb

and the obligations will no longer feel "worth it" as the marginal returns of his labor is lower than capital

why work extra hours or even work at all, when your capital works 24/7 no off day and returns better?

his ikigai will change, as he realize, he does not need to do things "that he can be paid for"

he does not need to do things "that the world needs"

he does not need to do things "that he is good at"

he can just do things - because he wants to

 

congrats on your 1m sgd chris

as you say yourself

this is not the end, it is just the beginnging

looking forward to seeing you reach enlightenment in the coming years

my simple cpf plan

ma - max out, use when possible, top up when possible

sa - i want to all in us stocks, but sa investments are all shit, so do nothing

oa - every year all-in excess over 20k into us stocks

use cpf for housing? no

why? i pay full cash

 

i moved my oa funds to endowus in 2023

since then already up 6 digits there

 

i was going to say

my end game is to have the max ers (currently 456k)

but

i actually already hit the max ers lol

at 55, all the cpf excess, i will withdraw and switch to cash investing

at 65, i will opt for cpf life escalating and begin payouts

because i plan to outlive all of you

between now and then

every year ill top up for tax relief (until i hit my cap)

every year i invest oa balances to all in stocks

side note for srs

i will also max out every year

and i will also all in us stocks

mentally self limiting your own srs to 400k to avoid paying any taxes is disgusting

paying the first few tiers of income tax is peanuts

im 100% confident my srs balance at withdrawal age will be over 1m

choosing srs investment is ez

logically very few correct answers

endowus 0.30% pa

ishares us index fund 0.08% or amundi prime usa 0.05%

both are acc

the exclusion of the other dm countries is a feature not a bug

less correct answer is ishares dev world 0.12% or amundi mcsi world 0.10%

less correct because it includes shit countries

the exclusion of em is a feature not a bug

completely 100% wrong answers which may indicate high levels of financial retardation

- fixed deposits, ssb or tbills

- bonds, bond funds 

srs is designed to be harvested far in the future

selecting short term investments to put inside a long term account

is unfortunately

financial iliteracy 

personally

my srs is 100% in us stocks

and my next srs contribution will continue to be 100% us stocks

related: https://guailanking.blogspot.com/2024/08/dont-overinvest-in-s-lol.html