Not too long ago, our car sales rep advised us when we wanted to pay up fully the new car - his point was ..why do that - he can give us discounts and we can use the money to invest...
It was an expensive lesson - :) I should have on hindsight paid up the remaining 40k :P By golly - this will need to clear by next year along with the remaining HDB loan. Blast those forum "gurus" who advocate not paying up and leveraging on the sum to invest...haha..debt free next year HOOOOO!!
Well for one, I am "battle scarred" having losses in the last one year.
Paper losses are still minor as I was still wary of venturing too much - at least I did not get too 'sophisicated" to invest in Lehman Brothers - and my investment bulk now is primarily LTA 15 year bonds and SPH shares.
The next wave will be into riskier ones like DBS and then further to penny stocks...endure endure!!!!
I thank my lucky stars the war chest was not touched and also we did not plunged into luxury car or private properties ..Wabe's credit :)
The mantra of old still stays .. Save Save Save and give give give - ten times of what you give will be given back to you - as Naruto will say "Believe it!"
Sam
*I can sleep soundly at night because my risks are covered..can you ?*
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