UOB adjust interest rate for the 2nd time this year! fuck!

[vamjok]

Wah, Hin Leong lose a lot ah

that one hong kan already la. no one want to save him

 

[nayr69sg]

Maybe in the early 2000 and 90s you can do really well by trading actively.

In modern era if someone try to show off say he is a trader full time etc to me, i merely smiled. Cos i have friends working in the bank, he told me due to the computing sci guy automated so many of the process, and learning through machine learning, there is no way you can beat the major banks/hedge funds. Statistics is against you. of cos there are still 1 percent of the traders that is still able to make a living, my brain is for science, this kind of stuff I know I am not that 1 percent.

@Asterix Is still able to do very well trading. You need to be very good. It is one of those fields you really need to perform. No cruising along. No going under radar. Eat cockroach.

 

[mojito]

Yeah now the GIC rates also so low.

So I have decided to pay off my mortgages.

Come Dec 2020 I will be totally debt free! Zero credit card debt. Zero car loan. Zero personal line of credit. and Zero mortgage.

In a way it is like putting money into 2-3% interest accounts when paying off mortgage.

Nice to be totally debt free!

That is bad for economy. Less money in circulation. You should spend more. Get a new car or two. Live life to the fullest! You only live once.