Friday, January 25, 2008
Riding the highs and the lows
Read Dr. Money's article in The New Paper:
http://newpaper.asia1.com.sg/columnists/story/0,4136,152156,00.html
Dr. Money advises you on how to invest for the long term, and how to make a budget so that you have some savings to invest.
More articles here:
http://www.tankinlian.com/drmoney/
http://newpaper.asia1.com.sg/columnists/story/0,4136,152156,00.html
Dr. Money advises you on how to invest for the long term, and how to make a budget so that you have some savings to invest.
More articles here:
http://www.tankinlian.com/drmoney/
$1 million or a car?
Someone told me that he has to spend about $1,500 a month towards the cost of his car. It comprises of the following:
Loan installment: $800
Petrol: $300
Insurance and repairs: $150
ERP and parking charges: $250
If he spends $150 a month on public transport (including the occasional use of taxi) and save the remaining $1,350 a month in an investment fund to earn 5% per annum over the next 30 years, how much will be get?
Be ready for a shock.
It is $1 million dollars!
Loan installment: $800
Petrol: $300
Insurance and repairs: $150
ERP and parking charges: $250
If he spends $150 a month on public transport (including the occasional use of taxi) and save the remaining $1,350 a month in an investment fund to earn 5% per annum over the next 30 years, how much will be get?
Be ready for a shock.
It is $1 million dollars!
Higher Motor Insurance Premiums
I met a union leader. He complained that the motor insurance premium charged by his current insurer is no longer competitive.
I advised him to call a few insurance companies and get the best quote. The numbers are shown in this FAQ:
http://www.tankinlian.com/faq/motord.html
I advised him to call a few insurance companies and get the best quote. The numbers are shown in this FAQ:
http://www.tankinlian.com/faq/motord.html
Stay invested for the long term
Hi, Mr Tan,
Today (22 Jan) the stock market has dropped to 2776 index if it drop further should I sell away my shares. I am worry about it. please reply. Thanks.
Dear M
If you are investing for the long term (say 10 years or more), it is better to stay invested. The market will stabilise and recover, maybe in a few months time. If you sell now, you are likely to miss the next rebound of the stockmarket. Wish you all the best.
Hi, Mr. Tan,
Thank you for your advise on 22 Jan. Lucky I did not sell off my shares. I am still watching closely on it. Do you think will the market slide down again. I read from newspaper some investor said it might slide further again. What is your opinion?
By the way, thanks and regards.
Dear M,
I do not know the answer. But for my own shares, I will keep fully invested. It does not matter if it comes down, as I am investing for the long term. I believe that it will appreciate over time.
Today (22 Jan) the stock market has dropped to 2776 index if it drop further should I sell away my shares. I am worry about it. please reply. Thanks.
Dear M
If you are investing for the long term (say 10 years or more), it is better to stay invested. The market will stabilise and recover, maybe in a few months time. If you sell now, you are likely to miss the next rebound of the stockmarket. Wish you all the best.
Hi, Mr. Tan,
Thank you for your advise on 22 Jan. Lucky I did not sell off my shares. I am still watching closely on it. Do you think will the market slide down again. I read from newspaper some investor said it might slide further again. What is your opinion?
By the way, thanks and regards.
Dear M,
I do not know the answer. But for my own shares, I will keep fully invested. It does not matter if it comes down, as I am investing for the long term. I believe that it will appreciate over time.
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