Was it easier to get rich 30-40 years ago?

[Sabbie]

Isn't it the same for all asset class? Many tripled their money during Lehman crisis.... Keppel, DBS, SIA.... we are talking about blue chips with regular dividend payments. Well, my view is property is at peak or close to peak and cannot possibly double in next 5 to 10 years, like the last 10, so risk and reward matrix is not as attractive now.

 

If you are smart, you can get rich faster than others, ceteris paribas. Property is easier but timing is important, ask those who bought in 97/98.

 

So are you of the school of thought to be patient and be in cash now? I had liquidated all my equity funds and property partly due to my "divorce" , singapore market seem to be only going though a minor correction and is up for the year

[Sabbie]

I think many of us has warp notions of how to get rich n how to be rich, there are poor employed people like me who perhaps can get rich though living frugally, saving and investing prudently, say you start working at 26 and retire at 62 and invest $1000 a month at a compounded rate of 6%, you will retire with 1.52million, enuff for most of us although peanuts to you know who

[Voodooman]

So are you of the school of thought to be patient and be in cash now? I had liquidated all my equity funds and property partly due to my "divorce" , singapore market seem to be only going though a minor correction and is up for the year

 

I am not all cash, some in Singapore, US and recently Chinese equities, 100% blue chips. My school of thought, be greedy when others are fearful and be fearful when others are greedy.... Copycat of WB.

 

[Sabbie]

I am not all cash, some in Singapore, US and recently Chinese equities, 100% blue chips. My school of thought, be greedy when others are fearful and be fearful when others are greedy.... Copycat of WB.

The only issue is that I don't see many people fearful at the moment..except for my customer in europe....

[Voodooman]

The only issue is that I don't see many people fearful at the moment..except for my customer in europe....

 

When you are fearful, it is time to buy. Think in years, not months or days.

[Sabbie]

When you are fearful, it is time to buy. Think in years, not months or days.

 

Interesting concept, I not that fearful yet, in fact I quite at peace, sound abit Peter Limish though