no cpf equivalent in the u.s.
sg and cpf, and thus the pap, are the best!
What did you do wrong with your investment? Your fellow yankees are doing so well.
http://www.cnbc.com/2016/03/07/record-number-of-millionaires-living-in-the-us.html
no cpf equivalent in the u.s.
sg and cpf, and thus the pap, are the best!
You can replicate the same thing mah using your 401k ...it is easy to invest in something that gives you 2.5 percent.
Vast majority of investors don't get 7 percent long term. If they did, the world by now would have been flooded with people who became millionaires from investing in the main indexes or blue chips of the stock market.
Most investors end up losing money in investing; overpriced blue chips, rubbish penny stocks, ostrich farms, forex trading, MLMs, land banking, gold shares, time-share companies, and whatever harebrained investment schemes you can think of.
If you think Malaysia's EPF or some other sovereign retirement fund is that good, by all means migrate to that country and put your retirement money into their funds.
lost big on paper on 401k during the bear market last couple of months. market is recovering now but don't know for how long.
Vast majority of investors don't get 7 percent long term. If they did, the world by now would have been flooded with people who became millionaires from investing in the main indexes or blue chips of the stock market.
Most investors end up losing money in investing; overpriced blue chips, rubbish penny stocks, ostrich farms, forex trading, MLMs, land banking, gold shares, time-share companies, and whatever harebrained investment schemes you can think of.
If you think Malaysia's EPF or some other sovereign retirement fund is that good, by all means migrate to that country and put your retirement money into their funds.
You should have continued investing regularly ...didn't you learn from the 2008 crash?
I bought lots of oil stocks ...and I am just sitting on tidy profits. Will keep them for a while ...maybe two to three years.
Now, it is the time to look at biotech with your speculative dough.
Stick to your five etfs for your retirement.
So, are you taking up my $888 per month room?
my room is free if i provide services to the landlady.
while i may enjoy the benefits of 401k as i contribute the max amount permissible per year plus up to 6% matching contributions from the employer, there are many americans who cannot enjoy or benefit from it.
http://www.huffingtonpost.com/2013/09/03/wealth-inequality-401k-retirement_n_3860549.html
http://www.benefitspro.com/2013/09/03/epi-says-rise-of-401k-worsened-retirement-inequali
we're talking about more than half the working population. 10% of the contributors have at least us$200k of tax sheltered value in their accounts. the majority have an average of less than us$10k in their accounts. about 50% have nothing or zero balance in their retirement accounts. how can americans retire with such paltry sums? and talking about your favorite topic of inequality, 401k actually creates a deep chasm between the have's and have-not's. you either have hundreds of thousands of dollars in your account or you don't. anything less than us$500k these days do not even guarantee a no-frills retirement based on frugality and subsistence. americans are basically screwed with this system.
adding fuel to fire, it hugely benefitted wall street, investment banks, hedge fund managers, institutional investors....the so called 1% who are holding everybody's money hostage by leveraging and gambling huge sums of money in the trillions in the stock market. when 401k was first enacted, it sent hundreds of billions of newfound money to wall street. now, much of the cash flow that's fueling speculations (a.k.a. gambling) at the dow, nyse, nasdaq are hard earned money from 401k accounts.
if i time it well together with huge rallies on the stock market i can benefit from an appreciation of my 401k portfolio to over $500k. i constantly contribute to it whether the market is up or down. on a down market, i potentially get more value out of each contribution as i buy more at lower prices. the real crunch happens when i cash out and sell, and it must have the right timing. while i'm lucky to be in the 10% wrt to 401k, there are 90% of americans who will face ruin and desperation in retirement. you don't want that to happen to sinkies.
my room is free if i provide services to the landlady.
while i may enjoy the benefits of 401k as i contribute the max amount permissible per year plus up to 6% matching contributions from the employer, there are many americans who cannot enjoy or benefit from it.
http://www.huffingtonpost.com/2013/09/03/wealth-inequality-401k-retirement_n_3860549.html
http://www.benefitspro.com/2013/09/03/epi-says-rise-of-401k-worsened-retirement-inequali
we're talking about more than half the working population. 10% of the contributors have at least us$200k of tax sheltered value in their accounts. the majority have an average of less than us$10k in their accounts. about 50% have nothing or zero balance in their retirement accounts. how can americans retire with such paltry sums? and talking about your favorite topic of inequality, 401k actually creates a deep chasm between the have's and have-not's. you either have hundreds of thousands of dollars in your account or you don't. anything less than us$500k these days do not even guarantee a no-frills retirement based on frugality and subsistence. americans are basically screwed with this system.
adding fuel to fire, it hugely benefitted wall street, investment banks, hedge fund managers, institutional investors....the so called 1% who are holding everybody's money hostage by leveraging and gambling huge sums of money in the trillions in the stock market. when 401k was first enacted, it sent hundreds of billions of newfound money to wall street. now, much of the cash flow that's fueling speculations (a.k.a. gambling) at the dow, nyse, nasdaq are hard earned money from 401k accounts.
if i time it well together with huge rallies on the stock market i can benefit from an appreciation of my 401k portfolio to over $500k. i constantly contribute to it whether the market is up or down. on a down market, i potentially get more value out of each contribution as i buy more at lower prices. the real crunch happens when i cash out and sell, and it must have the right timing. while i'm lucky to be in the 10% wrt to 401k, there are 90% of americans who will face ruin and desperation in retirement. you don't want that to happen to sinkies.
i think u are getting the cause and effect mixed up,401k doesnt cause the inequality,it is merely a tax sheltered investment savings account.
There's no need to make any bets.
Have you been following your own advice - Use of dollar cost averaging for long periods of time in the stock market (STI or S&P)??
For most sinkies, if they wish to make money from investing, they should buy HDB flat at BTO. After 10-20 years, the value of their BTO should be at least 20-30% higher at resale value. For other generation sinkies like myself, many of us have personally experienced our HDB properties increase in value by several hundred percent.
Every generation finds the price of property too high, including those who bought in the 1970s and 1980s. Years later, those same people are kicking themselves for not investing in property. It would be the same today for young sinkies who bitch that property prices are too darn high.
If you are just an average sinkie, your best investment is likely to be your HDB flat. Please kneel and suck PAP's cock for looking after you.
my room is free if i provide services to the landlady.
while i may enjoy the benefits of 401k as i contribute the max amount permissible per year plus up to 6% matching contributions from the employer, there are many americans who cannot enjoy or benefit from it.
http://www.huffingtonpost.com/2013/09/03/wealth-inequality-401k-retirement_n_3860549.html
http://www.benefitspro.com/2013/09/03/epi-says-rise-of-401k-worsened-retirement-inequali
we're talking about more than half the working population. 10% of the contributors have at least us$200k of tax sheltered value in their accounts. the majority have an average of less than us$10k in their accounts. about 50% have nothing or zero balance in their retirement accounts. how can americans retire with such paltry sums? and talking about your favorite topic of inequality, 401k actually creates a deep chasm between the have's and have-not's. you either have hundreds of thousands of dollars in your account or you don't. anything less than us$500k these days do not even guarantee a no-frills retirement based on frugality and subsistence. americans are basically screwed with this system.
adding fuel to fire, it hugely benefitted wall street, investment banks, hedge fund managers, institutional investors....the so called 1% who are holding everybody's money hostage by leveraging and gambling huge sums of money in the trillions in the stock market. when 401k was first enacted, it sent hundreds of billions of newfound money to wall street. now, much of the cash flow that's fueling speculations (a.k.a. gambling) at the dow, nyse, nasdaq are hard earned money from 401k accounts.
if i time it well together with huge rallies on the stock market i can benefit from an appreciation of my 401k portfolio to over $500k. i constantly contribute to it whether the market is up or down. on a down market, i potentially get more value out of each contribution as i buy more at lower prices. the real crunch happens when i cash out and sell, and it must have the right timing. while i'm lucky to be in the 10% wrt to 401k, there are 90% of americans who will face ruin and desperation in retirement. you don't want that to happen to sinkies.
You are a gigolo. Go and invest in insurance against impotency to protect yourself from being homeless when kick our by landlady for failure to perform service.
most of the hdb price appreciation happened in the last ten years when Clown Lee opened the floodgates and began mass importation of garbage.....if u looked at the hdb price index,the mass importation pushed the housing market way beyond the means of 100 which is defined as the optimal number of years to pay off a mortgage to nearly 220 percent in 2014.....without the 1.4m cockroaches pushing the prices up most of ur hdb flats would be languishing at less than half the price today.....rock bottom after the 1997 asian financial crisis,u will never be able to smell the prices today.anyway this ponzi scheme cannot be sustained forever,sooner or later people will run out of money to fuel the property bubble or PAP will run out of room to import more trash,sooner or later the bubble will burst.
just woke up, lau ah qua? go back and tidoh lah.
most of the hdb price appreciation happened in the last ten years when Clown Lee opened the floodgates and began mass importation of garbage.....if u looked at the hdb price index,the mass importation pushed the housing market way beyond the means of 100 which is defined as the optimal number of years to pay off a mortgage to nearly 220 percent in 2014.....without the 1.4m cockroaches pushing the prices up most of ur hdb flats would be languishing at less than half the price today.....rock bottom after the 1997 asian financial crisis,u will never be able to smell the prices today.anyway this ponzi scheme cannot be sustained forever,sooner or later people will run out of money to fuel the property bubble or PAP will run out of room to import more trash,sooner or later the bubble will burst.
Property prices in most cities increased over the years. London, KL, New York and HK would be good examples. It's not just Singapore.
Isnt that obvious?
boss, very obvious got another siao nang at your ass. how?