SG Talk

*Advise from an astute and acclaimed Financial Advisor in the Money Markets that is worth reading and paying attention as many global experts are advocating similar sentiments - Hard times ahead preserve CASH*

There will be global recession and everything will deflate.

Financial markets and real estate have past peaks in most countries. We are in for a major correction lasting a couple of years. Time to give back the gains made by some. Keep your cash.🙂🌻

The property market cannot defy gravity. Assets will deflate  everywhere in near future. Why pay more now and suffer a decline in value just for the "long term"?

Hot money coming into Singapore is just part of the buying frenzy. It will evaporate/reverse-out once it is clear the trend has reversed.

During the Asian Financial Crisis, prices of many properties  here halved between the 1996 peak and 1998 low.
So it's not true that Singapore property market is unique. It's a small boat in a global ocean; we get whacked in any storm out there.

I go with common sense and watch human physiology driven by herd instinct.

Most people in Singapore have made money from property. That's because of steady economic  growth over 60 years ( 1962 to 2022).
Few wealthy people here have made money from real business  or investment. Most are OK financially because of property  (HDB/private) held for many years

We are a stable place (currency/security) in a region with weak currencies due to inflation and government overspending.

But in a correction, we will also get hit.

Some say "Buy for the long term" But we are all dead in long term. So why not wait to buy in bad times which are coming?

Most economies are now near the end of a very long bullish cycle. We are in for geopolitical  tensions, maybe wars, high inflation and food shortages. It's going to be a major global downturn during which we can just  hope to hold on and survive.

Good luck; stay cool🌻🙏🙂👍

Mano Sabnani
Friday 17 June 2022 @1415 hrs.

 

Mano must have sold off everything already. Waiting to buy back cheap? May have to wait long long..

The windows to profit is very short during downturn. Probably 6-18mths. Must be alert..

(17-06-2022, 05:09 PM)Choc Wrote: [ -> ]Govt kind to you, you say Govt. stupid.

You are so ungrateful

Thank you, PAP

for reserving these Blue Collar Jobs

in the construction sector

for people like CHOC and Jac

Please make sure their parents and families also

work in the Construction sector

Thank You!

(17-06-2022, 06:09 PM)Niubee Wrote: [ -> ]The windows to profit is very short during downturn. Probably 6-18mths. Must be alert..

You planning to short big and then buy to hold in 18mths time?

Ah neh can believe?

(17-06-2022, 06:17 PM)Sticw Wrote: [ -> ]You planning to short big and then buy to hold in 18mths time?

No. The down period is usually 6-18mths. In this time, u have short windows to choose yr picks and built long term wealth..

I hope PAP will not appreciate our currency again

Repeating the same game cannot solve the problem

That idiot Shoot Blank Queen made a huge mess

Now, Tan SL must clean-up and remove 20% FTs & PRs

if I am not wrong,brilliant Mr LKY ever said
The value of HDB appreciate over time
About 50 years ago, Boon Lay 3 room HDB  flat cost less than 40k 
Today can 40k buy a flat for 50 years stay?
Land in Singapore is limited
Population is increasing year after year 
With good policy and government
more foreign investors like to invest here.
Even blue collar job, the salary will be going higher over time 
More money into market.
Government policy can change the tide. 
War can destroy the economy and population of a country.
The importance of able leadership to avoid war.
Choose your government wisely.