go HAM, dont be GLAM

saw a recent video by contrarian turtle

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

 

HDB

Avoid cars

Market index

 

instead of

Great Looks All Mortgage

 

lol

 

great video

good in showing opportunity cost

 

2 small comments

 

first is that property flippers are leveraged so their returns are amped

 

of course when comparing full cash property vs stocks, buying property is the worse choice

but this fact is actually not common knowledge

 

but then most people buy property on leverage, and therefore the returns are amplified (must also add financing cost)

 

so not really an apples to apples comparison

but i agree with the general idea

i myself use stocks to grow my wealth, not property

 

second is that he says market index investing, but ownself portfolio all in 5 stocks

 

so indexing investing is only good for me, but not for thee? 

generally generally lah

but he exception

i also exception

then everyone exception lor

 

make joke only. i agree with mr contra turtle.

 

nowadays sinkies absd so cannot play sg property markets, i see so many going into... commercial and overseas real estate? 

 

good luck, you'll need it