tag:blogger.com,1999:blog-28086856.post7201089940775878005..comments2024-03-20T01:42:13.273+08:00Comments on Eight percent per annum: Value investing in Singapore stocks: How to be a millionaire?Jayhttp://www.blogger.com/profile/03292158817395898619noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-28086856.post-1513353683889020792008-11-29T14:25:00.000+08:002008-11-29T14:25:00.000+08:00Hi PapabearYou are right on spot. Inflation eats a...Hi Papabear<BR/><BR/>You are right on spot. Inflation eats away return in a way that we dont realize. It's quite scary.<BR/><BR/>In my post, it is already a real feat to save $1600 per mth and make 10% on that every yr.<BR/><BR/>If we add inflation, you gotta save like $5000 per mth or something. That's the 70th percentile in personal income in Singapore.<BR/><BR/>Sometimes, it's better not to handle the truth. Hehe.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-21163067481925730402008-11-27T23:15:00.000+08:002008-11-27T23:15:00.000+08:00I think you have to account for inflation. For exa...I think you have to account for inflation. For example, you get 5% from CPF and inflation is 5%, the 1 million 27years later is only worth 500k in today's value. So please consider real (meaning inflation adjusted) return.papabearhttps://www.blogger.com/profile/01664422991566917931noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-84895320179322332392008-11-07T16:00:00.000+08:002008-11-07T16:00:00.000+08:00Hi cif5000That's is really an interesting statisti...Hi cif5000<BR/><BR/>That's is really an interesting statistics. I think you may be right. More millionaires than doctors.<BR/><BR/>Ethan, it sounds easy in words and concept but difficult to execute, I guess. It takes 20 yrs to hit the magic no. on average. Marriages in US don't last that long... :)Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-41582656686279654712008-11-06T21:03:00.000+08:002008-11-06T21:03:00.000+08:00It's actually quite depressing. But $1600 a month ...It's actually quite depressing. But $1600 a month is quite difficult to save...unless i don't eat or travel :(Rickyhttps://www.blogger.com/profile/18410941051849870875noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-20975625711248567772008-11-06T15:39:00.000+08:002008-11-06T15:39:00.000+08:00Great concept to drill in peoples minds.It's all a...Great concept to drill in peoples minds.<BR/><BR/>It's all about time and a decent rate of return. When combined you can achieve really staggering results.<BR/><BR/>You are spot on: It's not about one hit wonders that make you wealthy. But about intelligent capital allocation and time.<BR/><BR/>It's sad more people don't grasp these fundamental principals, especially my instant-gratification generation.<BR/><BR/>Cheers.<BR/><BR/>EthanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-46784423921598399602008-11-06T00:07:00.000+08:002008-11-06T00:07:00.000+08:00My estimate tells me that there are more millionai...My estimate tells me that there are more millionaires than there are doctors (medical doctors, dentists, PhDs, and whatever honorary doctorate degrees) in Singapore.<BR/><BR/>So the consolation is that if you didn't make it to becoming a "doctor", you can try being a millionaire. It should be easier.<BR/><BR/>PS: They are not mutually exclusive though.Anonymousnoreply@blogger.com