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WHEN HDB flat is worth S$1 Million
Property Tax
GST
Food Cost
Utilities Cost
Maintenance Cost
Repair Cost
Transport Cost
Medical Cost
Cost of Living
ALL will SOAR to the SKY
and owner of S$1 million HDB flat has nO Living Capital to retire.
Owner will be kIlled by the rising running costs.
BullishTempo ( Date: 18-Apr-2011 10:51) Posted:
Most people worry that they do not have enough money to retire at old age. Which is why financial planning as soon as you start work in your 20s is a must.
In any financial portfolio I highly recommend having some form of real estate. Real estate allows you capital gains over time and is much less volatile than the stock market. And the real beauty is, the monthly rental income will allow you a true passive income month after month, thereby allowing you financial freedom and no more worries about retirement or old age.
Age 25 to 35 is the crucial stage. Save as much as you can, forget the nice car, holidays, restaurant dinners. By 35 you should have a nice nest egg build up. Split that nest egg into two portions. Use one portion to pay for down-payment for a piece of real estate, preferably an industrial unit, 60 years leasehold (cheaper than residential) which also gives better rental yields. Borrow the rest from the bank, pay for the installments from the rental income and your day job. The 2nd portion, invest it in bonds and stocks.
By your 45th age, you should have paid off that real estate, which should give you rental income between $1500 to $4500 depending on the location and size you bought. Most ordinary folks can get by with that amount of money. And hey, financial freedom is at your door. From 45 to 75, you get 30 years to enjoy your life at a relaxed pace and live life the way you want it without anyone to boss you around.
Hope this helps 
louis001 ( Date: 18-Apr-2011 10:37) Posted:
talking about buying insurance, most of the times people do not know much, some adviser, get the deal first, also never tell much and does not know much, only when things happen, than people get to know what can or what cannot, who is at fault ? you say he never tell all clearly, he say you never ask, you never check?
NOW WE ARE SEEING OPPOSITION AND GOVT ALSO SELLING INSURANCE TO PEOPLE LIKE US,,,get the deal first, what happens later talk later lah, very scary, very scary lah....( sorry, i mean some adviser only, just an example lah ) |
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SELF-ACCREDITED PhD in SEX [DR SEX] for everyone is F R E E
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OVERHEARD:
WATCH BODY LANGUAGE ? ? ? ?
WATCH EYEBROWS ? ? ? ?
TRUTH OR FALSE ? ? ? ?
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By Channel NewsAsia, Updated: 17/04/2011
GE: Cheaper housing key to securing future, says NSP
GE: Cheaper housing key to securing future, says NSP
Goh Meng Seng
SINGAPORE : The National Solidarity Party (NSP) has said there would be no future for Singapore if the People’s Action Party cannot secure cheaper housing for future generations.
It was responding to the ruling party’s manifesto entitled, " Securing the Future Together" , which was released on Sunday.
The NSP’s Secretary General, Goh Meng Seng, along with his party’s members and volunteers, covered the Chua Chu Kang, Jurong and Pioneer areas on Sunday.
Mr Goh said he disagreed with National Development Minister Mah Bow Tan’s comments that lowering the cost of state land was equivalent to " raiding the reserves" .
Mr Goh said: " At this moment, we know that we have about S$300 billion of reserves.
OVERHEARD :
RESERVES BUILT frOm peOple's BLOOD, SWEAT & TEARS ? ? ? ?
LAND PRICE, HDB, COE, GST, ERP, HIGH COST OF LIVING ? ? ? ?
NOT FROM FOREIGN INVESTMENT OR FOREIGN PROFITS ? ? ? ?
And I think it is about time that we can do with a lower growth for the reserve. And I would rather (have) a lower reserve growth than HDB raiding the people. Raiding our young generation with high cost of housing."
The NSP will be going up against Mr Mah in Tampines Group Representation Constituency (GRC).
Mr Goh said that the Socialist Front’s move of not standing in the Whampoa and Mountbatten single—member constituencies was a " considerate gesture" , while the NSP’s withdrawal from Moulmein—Kallang GRC was to have a more " harmonious opposition movement" .
Mr Goh said: " But of course, there are still areas which we are facing three—cornered fights at. As far as NSP is concerned, we have made the greatest compromise that we could, and I think the ball is in other people’s court now."
The NSP still faces possible three—cornered fights in Radin Mas and Pioneer, which the Reform Party is also contesting.
Mr Goh was walking the ground with his party’s Chua Chu Kang and Jurong GRC teams, and its candidate for Pioneer, Steve Chia.
Potential NSP candidates like former Nee Soon Central MP, Cheo Chai Chen, as well as 35—year—old Dexter Wong and 29—year—old Abdul Salim Harun, were also present.
— CNA/ms
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By Channel NewsAsia, Updated: 17/04/2011
SIA could face legal action over heart attack incident
SIA could face legal action over heart attack incident
SINGAPORE : Singapore Airlines (SIA) could face legal action from a BBC radio presenter over the way it handled his medical condition during a flight in March.
According to a report in Britain’s ’Daily Mail’ on Sunday, Max Pearson was on a connecting flight from Singapore to London, having flown in from Tokyo.
He had been covering the Japan earthquake and tsunami for a week.
According to the report, not long after the plane took off, Mr Pearson suffered a heart attack.
The report said the cabin crew allegedly refused requests to divert the plane to the nearest hospital for him to receive medical attention.
Instead, the 51—year—old had to endure a 14—hour flight to London’s Heathrow Airport on March 18.
He was rushed to a hospital and given emergency surgery.
The report said Mr Pearson was in hospital for over a week.
The report quoted Mr Pearson’s colleagues as saying that he suffered long—term heart damage as a result of the incident.
The report also quoted a BBC source as saying that Mr Pearson was lucky to survive, as it appeared that a passenger who is a doctor attended to him during the flight.
" He says he asked for them to redirect him to hospital but it didn’t happen. After that, it was touch—and—go whether he was going to make the 14—hour flight, but amazingly he did," the BBC source was quoted as saying in the Daily Mail report.
" Max is still very poorly and is considering taking legal action against Singapore Airlines," the source added.
When contacted by MediaCorp on Sunday, an SIA spokesman said the airline is not able to comment on individual cases.
— CNA/ms
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DOUBLE EDGED SWORD ? ? ? ?
* * * * * * * *
PROGRESS for the RULERS ? ? ? ?
REAL SALARY JUMPED SKY HIGH ? ? ? ?
AND NOBODY WANTS TO RETIRE ? ? ? ?
# # # #
REGRESS for the RULED ? ? ? ?
REAL SALARY FELLED tO HELL ? ? ? ?
AND NOBODY IS DECENTLY PAID ? ? ? ?
warrenbegger ( Date: 16-Apr-2011 12:13) Posted:
What u said maybe half right, most people would want to see their flat value to goes up. But, that well apply to flat that bought last 10 to 20 years. Eg, most avg low income family earn around 3000 p/m last avg 15 years buy a 4rm flat at 90k to 130k+ would happy to see their flat value goes up. But what about low income family now? Many low income new couple still earn avg 3000+ p/m but now a basic 4rm cost 250k to 350k+ (havent include COV 20k+ and basic Reno now also cost 20 to 40k+). They just want a flat to start a family, not buy and sell later for higher px. And with HDB rule u can only had 1 flat, so when u sell high, u also will buy higher in the end so u still earn shit. Food raising but still can cope as $3-5 per meal still can afford, but with low income paying high installment for avg $300k flat for 30 years make them suffer. Everytime u will hear people complaining, everything goes up so much but pay still same! U think how much they can save p/m with low input with very high output? Now also many new Gens couple complain that how to start a family with singapore now? They got not much CPF so need to top up tons of cash to buy flat(resale flat need COV 20k+, new flat u need to wait long long Q like 4-D TOTO), wedding cost a tons now and after that they had to work like hell to pay those load for 30 years. What about kid? How much u think u need to support a kid from 0-20 years+? 100-200k too! Dont be surpise around year 2020 u still get the same pay with some peanut increase and a new 4rm flat will cost 500-700k+, and maybe per/meal will cost u $6-10 with superfast inflation. Foreign worker come here earn and go back richer, their country things and house so cheap so can undercut us. But what can we do? We earn little and pay so much here. U think your medisave enough if u unlucky land up in hospital? Either U die or your saving wipe out! Or worst need to loan from friend and relative. Now singapore trend is, Rich get richer and Poors get poorer! Singapore always want to be world nos 1 and r advancing too fast for its own people, and singapore dont forget, it our own people who build this nation with sweat and blood! We fight for our country, and when war comes, foreign will all U-turn back to their own country, so in the end who will stay and fight? Rich is human and poors is not human ah!! Maybe 1 day your child want to get marry and ask u for $$$ cause they cant afford it. And the worst thing is u also got no $$$ to support them, and when they sick, either u use up most medisave on them or left nothing to yourself when old, that the outcome for begin poors that they also no choice. Many of my friend and worker i know everyday scold P@P u know, they always said, those high pay high edu sit in aircon office rich @SS know how poors live?
warrenbegger ( Date: 16-Apr-2011 01:49) Posted:
WE Singaporean really happy with our Government? AKA, PAY AND PAY Pte Ltd.
Rubbish 1- They should also call those foreign talent to join 2 years of NS to fight for our country too, why waste our time if our own country always treat us like kids!
Rubbish 2- If they think foreign talent r better compare to us, why want us to vote? Let those foreign talent vote them la!
Rubbish 3- We singaporean work like hell here cause so many things expensive, those foreign talent earn here and take back double or 5x+ their country exchange rate! We r so undercut because of them yet who let them come rape our pay?
Rubbish 4- Very unfair for old and low income family. Eg, 15 years back they earn around 800 to 1500+, now still almost the same! With 15 years back 4rm flat around 90k to 130k+, now 4rm cost 250k to 600k+!!! (with very high COV somemore!) Car COE now rape u too!
Rubbish 5- They always said singaporean dont want to give birth or not enough, THEY should know why? Nowadays both couple must work if not will go bankrupt soon or pay flat till die or by staying a few day at NUH/TTS or SGH resort! U havent die see bill can heart attack die faster! Even Lim chu kang condo also very exp!
Rubbish 6- Vote PAP really kanna Pay And Pay. Pay flat till siao! Pay COE till siao! Pay Fine till siao! Pay GST till siao! And Pay Medicial till half dead liao!
Rubbish 7- Too much rubbish liao, if they like foreign talents more than us, then maybe i will vote others. At least other party know what we really want! |
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WHAT happened tO
BUND CENTRE's price ? ? ? ?
BONUS ISSUE ? ? ? ?
RIGHTS ISSUE ? ? ? ?
spicy88 ( Date: 16-Apr-2011 12:53) Posted:
Other penny stocks which have shown buying interesting in the last 2 weeks..... may be worth monitoring for a good entry point. These will normally moved a week after blue chips being pushed up.
Xinren
Gallant (in Kim Eng's weekly sunny side-up)
Bund Centre
Hisaka
LeaderEnv
Lian Beng
GuthriG (in Kim Eng's weekly sunny side-up)
GMG
UMS
Ramba
rotijai ( Date: 15-Apr-2011 16:25) Posted:
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Updated: 17/04/2011
PAP's wide-ranging manifesto revealed
®Copyright MediaCorp
The ruling People's Action Party's wide-ranging manifesto has spelt out several plans to achieve the key objective of ensuring that growth benefits all citizens. To achieve higher incomes for all, the PAP says it will create fulfilling jobs and opportunities for everyone to progress, including the lower and middle income groups. This, through a diverse and innovative economy that enabled Singapore to overcome the competitive challenges ahead. It will also work with unions and firms to raise productivity and upgrade jobs in every line of work so that all workers can raise their skills and earn more. Improving the lives of lower-income Singaporeans is another key objective of the PAP. It says every citizen will share in the country's progress and the government is doing more to help lower-income Singaporeans to uplift themselves and to encourage their children to discover their strengths and do well. That's where bringing out the best in every child is key says the PAP. For this, it will create one of the best education systems in the world, giving Singaporeans of diverse abilities and interests, the paths to develop themselves to the fullest.
OVERHEARD :
30% young polytechnic graduates UNemployed ? ? ? ?
20% young University graduates UNemployed ? ? ? ?
foreign talent taken over those jobs ? ? ? ?
The PAP also wants to involve all Singaporeans in shaping the future. So it will enhance channels for public participation and feedback to encourage fresh and diverse ideas and to build a broad based consensus on key national issues. The Party will also strive to deepen the trust among the different races and religions and strengthen the common identity with each new generation of Singaporeans.
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Updated: 16/04/2011
PM Lee explains reason behind GRCs
®Copyright MediaCorp
Prime Minister Lee Hsien Loong said Singapore's system of Group Representation Constituencies is here to stay. The relevance of the scheme was raised at a Chinese-language forum. The Prime Minister was clear on the need for Group Representation Constituencies.
" The fundamental reason is that GRCs ensure that in our Parliament, there will be a minimum number of minority MPs. That's very important. We are a multi-racial, multi-religious society. Without this system, the multi-racial feature of our Parliament will be under threat."
A panel member asked if the religious background of new candidates is a cause for concern. In reply, Mr Lee said it will not be allowed to interfere in policy making, and stressed Singapore must remain a secular society. Participants also asked for more diverse views in politics But Mr Lee disagreed with a suggestion to expand debating rights for Non-Constituency MPs, saying that as a result of political reforms, there will more NCMPs after the election. Social worker Leng Chin Fai asked if retiring ministers could be retained in Parliament.
" They understand the workings of a ministry. When they ask questions on policy, they may be able to better reflect ground sentiment."
" If the retired Minister supervises the new Minister, the new Minister won't be able to do his job. Former PMs working with the new PM, that's workable." Besides politics, other issues touched on concerns about job security, the adequacy of CPF, and the social impact of the Integrated Resorts. Mr Lee said the government may raise safeguards against problem gambling, if needed
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NTUC FairPrice House Brands
normally BRANDED products has 30% price premium.
bUt House Brands prices are nOt 30% lower than premium BRANDS ? ? ? ?
House Brands are priced Higher than they shOUld be ? ? ? ?
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Don’t get scammed
1. Remember that if something sounds too good to be true, it probably is.
2.
— why would you be singled out for a windfall or other special treatment out of the millions of other Internet users. If you cannot find a good reason, it is probably a scam.
3.
Just because an email or website is presented attractively does not mean that it is telling you the truth. Do not believe everything you read.
4.
Too many users end up the victims of Internet crime because they do not stop to think but instead act on impulse by clicking on a “sexy” link or an interesting looking attachment without considering the consequences.
5. Unless you are certain of a person’s identity and authority to request such information, never provide your personal information or information about your company.
6. Do not reveal personal and financial information in email. Be wary of emails that ask you to follow a link to enter such information.
7. If you think an email may not be legitimate, attempt to verify it by contacting the company or organisation directly. But do not use the contact information provided in the email to make contact, it could be bogus look up the organisation’s contact information yourself.
8. Double-check the URLs of websites you visit. Some phishing websites look identical to the actual site but the URL may be subtly different.
9. Be cautious about sending sensitive information over the Internet if you are not confident about the security of the website.
10.
# # # #
WHY authorities and pOlIce are nOt ACTIVELY policing, arresting and punishing these SCAMMERS ? ? ? ? Be suspicious of unsolicited phone calls and emails that ask for information about your employees or other information. It could be a scammer calling. Be patient. Ask yourself
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SGX reprimands Medi-Flex, ex-directors, to refer case to CAD
SINGAPORE
The two are Mr Tu Ah Kim, who founded the business in 1999 and was managing director from Dec 2003 to March 2007, when he stepped down but remained as executive director until his resignation in Aug 2007 and Mr Hew Yew Fook, who was executive director from Sept 2004 to Aug 2007.
In a statement yesterday, SGX said serious irregularities were highlighted in a report dated July 8, 2009, by accounting firm Ernst & Young’s Malaysian office. The exchange said it is of the view that the former directors failed to comply with listing rules to act in the interest of shareholders. In addition, they did not demonstrate the qualities and standards expected of directors and the management of a SGX-listed company.
Irregularities were found in payments of company’s funds to entities and accounts for the benefit of Mr Tu, amounting to at least RM$5.1 million (S$2 million). SGX also said it noted the possible involvement of four other former employees of a Medi-Flex subsidiary. SGX will be referring the case to the Commercial Affairs Department (CAD) here.
It has also directed Medi-Flex to lodge a report against the former directors with the CAD in Singapore and relevant authorities in Malaysia on the irregularities highlighted in the Ernst & Young report. — Singapore Exchange (SGX) has reprimanded Catalist-listed Medi-Flex and two of its former directors for breaching listing rules and failing to follow corporate governance practices.
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A method to Singapore’s Cabinet renewal
Retiring of old guard in line with the People’s Action Party’s emphasis on leadership renewal, say analysts
Neo Chai Chin
chaichin@mediacorp.com.sg
SINGAPORE
Professor Jayakumar, 71, and Mr Lim, 63, join Dr Tony Tan, 71, Dr Lee Boon Yang, 63, and Mr Yeo Cheow Tong, 63, as Cabinet ministers who have stepped down since Mr Lee took office in August 2004.
Currently, 10 of the 21 ministers — including Prof Jayakumar and Mr Lim, who will not be standing in the coming GE — were elected in the last three elections in 1997, 2001 and 2006.
# # # #
O V E R H E A R D " :
WHY OLDEST ONES nOt REPLACED and RENEWED ? ? ? ? — The impending departure of People’s Action Party (PAP) stalwarts S Jayakumar and Lim Boon Heng from the political scene will bring the total number of ministers who have retired in recent years to five, as Prime Minister Lee Hsien Loong moulds the next generation of leaders to bring the Republic forward.
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NCMP scheme ‘can help to
highlight weaknesses in policies’
# # # #
Very Important to have
The RIGHT " A" TEAM
nOt the " If A bUt F" TEAM
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In his letter “Will there be ‘smokers’ paths’?” (April 14), Mr Jason Tan asked where smokers would have to walk if they are heading towards the MRT station or bus stop.
On the way home from the MRT station, I passed a couple coming from the opposite direction.
Both were smoking, and the guy exhaled his smoke right into my face. But there was nothing I could do, because it was not a covered walkway and therefore the off-limit zone did not apply.
Civic-minded smokers have only these inconsiderate smokers to blame for non-smokers’ complaints.
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The authorities should prohibit smokers from lighting up when they are on the move. With the yellow boxes in place at coffeeshops, enclosed “smoking rooms” should also be built, such as those seen at some airports.
Impose a ban on smoking outside these enclosed smoking rooms.
This will make Singapore effectively smoke-free and better for the health of the wider community, while leaving room for smokers to light up among their own.
Existing yellow boxes for smokers are not effective for two reasons — tables placed just next to these yellow boxes are still subjected to drifting cigarette smoke.
There appears to be a lack of enforcement [WHERE are the pOlIce OffIcers ? ? ? ?], judging by my many encounters with those who blatantly lit up outside a yellow box.
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