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Old 21-05-2014, 08:56 AM   #51
globalcookie
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Share from my layman conception and alternative exit strategy

GET/DIG/ROB 288 k, then invest at 6 % ROI : if worried of inflation eating away the principal amount's purchasing power.

288 k in 20 years time shouldn't be a problem if 3 room hdb flats hit $1 million + at the rate things are going. Take a mortgage on property, since not working : use as guarantor/co-mortgagee that person whom you are bequeathing the property to in your will.
Lorkon, not many ppl are savvy to invest w 6% ROI nor able to raise $288k within 20yrs. Singapore a lot of hand to mouth ppl.



And NOK (beneficiary of ppty) as guarantor? There are more children waiting for parents to die to benefit from e assets than willing to be guarantor.
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Old 21-05-2014, 09:56 AM   #52
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He just hates socialism. Ha...
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Old 21-05-2014, 10:09 AM   #53
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Lorkon, not many ppl are savvy to invest w 6% ROI nor able to raise $288k within 20yrs. Singapore a lot of hand to mouth ppl.


.
I was throwing out hdb reverse mortgage scheme/annuities out and proposing this alternative.
Hdb home equity is the 288k.
You encash or monetize that equity.
The 6% is only if you worry your monthly drawdown in later years get diluted in purchasing power by inflation.

Btw when flying internal don't use Thai Airways, Nok air stews are sweeeeeeeeeeeeee

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He just hates socialism. Ha...
I don't hate it.
While ppl were studying physics I was majoring in the works of kruschev breznev et al. Even studied russian.
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Old 21-05-2014, 03:36 PM   #54
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U think socialism is an ugly word.
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Old 21-05-2014, 04:58 PM   #55
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U think socialism is an ugly word.
Democratic meritocracy leaving no man behind is socialism in it's ideal.

But which socialist is not greedy?
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Old 21-05-2014, 10:04 PM   #56
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Simi logic. Ha... Knn lorkun..
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Old 21-05-2014, 10:27 PM   #57
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Simi logic. Ha... Knn lorkun..
Show me something that works.
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Old 21-05-2014, 10:28 PM   #58
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England... Australia...
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Old 21-05-2014, 11:54 PM   #59
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England... Australia...
Socialist?

Ok.
If you say so.
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Old 22-05-2014, 12:21 AM   #60
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Yes... the bedrock of their societies... that's why their safety nets much much wider much much deeper... that's just one.

Ofcos the capitalist in them will ever so often ghost toward hell... but they have true democracy so... yet another safety level.

The argument is socialism or capitalism... not democracy or communism.

U may be struggling with ur choice of political affinity... or for tat matter tat u even care... that's not the reason I'm poking u. Democracy is not capitalism... neither is communism to socialism... tat if even a little it confuses u... u can easily imagine why the other 60% of the population chose tis govt.
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