I got 30K spare cash...
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thats what my sister did and brother did.
both paid their condos and cars in full.
Aha typical sporeans woes of feeding car and condo. For me I prefer no car and condo. I live HDB and take public transport. This translates to a lot of savings as the years built up. So in a way my financial are more secure than those who live on borrowed money because they want car and condo.
Not to mention I can last longer in case of retrenchment cuz my montly commitment are not as high as a condo+car owner
Above assume never seek financial help from parents and relatives or loansharks ok? -
Originally posted by sohguanh:
dont understand you last sentence. can elaborate?
[b]thats what my sister did and brother did.
both paid their condos and cars in full.
Aha typical sporeans woes of feeding car and condo. For me I prefer no car and condo. I live HDB and take public transport. This translates to a lot of savings as the years built up. So in a way my financial are more secure than those who live on borrowed money because they want car and condo.
Not to mention I can last longer in case of retrenchment cuz my montly commitment are not as high as a condo+car owner
Above assume never seek financial help from parents and relatives or loansharks ok?
[/b] -
dont understand you last sentence. can elaborate?
You neber hear of cases of young working adults who feed car+condo and then later find keep on pay interest every month instead of pay the item cost itself start to borrow from parents etc to solve their interest first?
After a few years, some find they are paying only the interest for car+condo so it will take them a long time to clear the debt. No money so go where find? Parents lor take no need pay back one wat -
aiya, y dun u juz giv me the $$$ ?!
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please donate to nkf.
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give me
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or maybe give everyone a free p-member
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USE THE 30K TO ASK YOUR WIFE GO ABORT HER BABY AND USE THE REMAINING $$$ TO HIRE A TEENAGE BOY TO KILL YOUR SLU.T WIFEEEE
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go on a holiday..
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Originally posted by sohguanh:
[b]The interest rate so high....good i shall take out another 30K and deposit then...
If you read the fine print carefully, to enjoy the 2.75% you need open a transactional deposit account of at least 5K to play. So it is like you put 25K + 5K. What happened after 12 months? You can close your 5K account without any penalty?
To me this promotion is like trying to increase their account holders and I believe there is some charges or admin fees or additional requirements to closing down the account. They may try to tied your 5K down to them. Think of the aftermath not immediate returns.
This is unlike finance companies which is straight forward. Simple terms is easier for laymen citizens like us [/b]
can close the transactional acc.. actually it's useless de.. they juz wana get existing customer to open the FD.. but then when probed, they say the acc can be closed actually.. no penalty also.
Dun assume. always check out with the bank. My sis did. -
buy this for myself:
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burn for the deceased.
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Originally posted by forum_man:This sounds interesting...How do you go about doing that?
dat one is a huge ponzi scam that scammed a lot of people savings, where got such thing one
u got 30k, go buy 10 lot SGX, SGX every year pay special dividend. with 10 lot 1 yr can get 2k+ sometimes mebbe more. -
tian zhu? i just bought one.Originally posted by Mr Fugue:buy this for myself: -
give it to me as a donation.i need it for my study fund.thats doing a good deed.Originally posted by forum_man:After putting in bank for 5 years liao...now can take out, spare cash..
If you had 30K, what would you do with it.... im serious -
is there any facts and figures on this?Originally posted by KumSioJui: dat one is a huge ponzi scam that scammed a lot of people savings, where got such thing one
u got 30k, go buy 10 lot SGX, SGX every year pay special dividend. with 10 lot 1 yr can get 2k+ sometimes mebbe more.
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you can try going to Bank National Indonesia in singapore ask them about opening an account in Indonesia.Originally posted by forum_man:This sounds interesting...How do you go about doing that?
BUt i dunno if they allow now. heard they revamped the residency requirements... -
if i had 30k...i'll use it to pay forOriginally posted by forum_man:After putting in bank for 5 years liao...now can take out, spare cash..
If you had 30K, what would you do with it....
-hormone thrapy.
-electrolysis on face and body.
-laser for legs.
-facial feminization surgery.
-breast augmentation.
-sex reassingment surgery.
then the spare cash i'll use it to go by clothes and cosmetics and all. -
LOL WTFOriginally posted by JennTS:if i had 30k...i'll use it to pay for
-hormone thrapy.
-electrolysis on face and body.
-laser for legs.
-facial feminization surgery.
-breast augmentation.
-sex reassingment surgery.
then the spare cash i'll use it to go by clothes and cosmetics and all.
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You mean the ponzi? thats old stuff which I heard abt it 3yrs ago. Anything that promises 30-40% interest better becareful, the whole scam was to make people invest in the rupiah to strengthen it, indonesia was then in economic crisis recession, iflation was very high and their central bank was offering a mere 9% only. The scammers jumped on the bandwagon and offered 30% to as high as 90%. It's incredible in this day and age you can still find suckers in this world.Originally posted by binZ:is there any facts and figures on this?
Just imagine yourself as the owner of that "bank" offering 30-40% interest to savers/investors. You have to find a borrower who is willing to pay 50cents interest on the dollar just for you to pay off interest promised to your savers and for your bank to make a profit. Which nut in the world is willing to borrow your money to pay that kind of high interest?
However if you are talking abt SGX dividends.
SINGAPORE EXCHANGE LIMITED
DIVIDEND 25 Oct 2005 27 Oct 2005 11 Nov 2005 SGD 0.015 ONE-TIER TAX
DIVIDEND 26 Sep 2005 28 Sep 2005 10 Oct 2005 SGD 0.043 ONE-TIER TAX
DIVIDEND 25 Apr 2005 27 Apr 2005 10 May 2005 SGD 0.15 ONE-TIER TAX
DIVIDEND 25 Apr 2005 27 Apr 2005 10 May 2005 SGD 0.0175 LESS TAX
DIVIDEND 3 Feb 2005 7 Feb 2005 21 Feb 2005 SGD 0.035 LESS TAX
DIVIDEND 22 Sep 2004 24 Sep 2004 6 Oct 2004 SGD 0.065 LESS TAX
DIVIDEND 22 Sep 2004 24 Sep 2004 6 Oct 2004 SGD 0.04075 LESS TAX
DIVIDEND 30 Jan 2004 4 Feb 2004 16 Feb 2004 SGD 0.03 LESS TAX
DIVIDEND 28 Oct 2003 30 Oct 2003 12 Nov 2003 SGD 0.34 LESS TAX
DIVIDEND 28 Oct 2003 30 Oct 2003 12 Nov 2003 SGD 0.035 LESS TAX
DIVIDEND 6 Mar 2003 10 Mar 2003 20 Mar 2003 SGD 0.03 LESS TAX
DIVIDEND 8 Oct 2002 10 Oct 2002 22 Oct 2002 SGD 0.04396 LESS TAX
DIVIDEND 13 Mar 2002 15 Mar 2002 27 Mar 2002 SGD 0.03 LESS TAX
DIVIDEND 28 Sep 2001 2 Oct 2001 12 Oct 2001 SGD 0.043 LESS TAX
DIVIDEND 21 Feb 2001 23 Feb 2001 8 Mar 2001 SGD 0.03 LESS TAX -
wrong person to ask huh...?Originally posted by stare-what-stare:LOL WTF -
SGX share price appreciated a lot since the beginning of this year.
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Yes, but they pay very attractive dividends and has a history for doing it, that alone counts for a lot.Originally posted by dragg:SGX share price appreciated a lot since the beginning of this year.
Everytime they pay a huge dividend, the price will drop but after EX-DATE it will start to move up again. In 2003 alone it offered 40cents a share, thats 400 bucks a lot, 4k if you have 10 lots.
2004, noticebly less, but 2005 abt 2k if you owned 10 Lots. The point is this is a cash cow stock that you should be putting your hard earned savings or CPF savings into to get good annual returns rather than risking it all on some ponzi scam. -
what u say is very true.. but SGX cost a lot! u might as well buy star hub shares instead~ they promise 5% return for the next few yrs. more worth it..Originally posted by KumSioJui:Yes, but they pay very attractive dividends and has a history for doing it, that alone counts for a lot.
Everytime they pay a huge dividend, the price will drop but after EX-DATE it will start to move up again. In 2003 alone it offered 40cents a share, thats 400 bucks a lot, 4k if you have 10 lots.
2004, noticebly less, but 2005 abt 2k if you owned 10 Lots. The point is this is a cash cow stock that you should be putting your hard earned savings or CPF savings into to get good annual returns rather than risking it all on some ponzi scam.
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If you look at it another wayOriginally posted by binZ:what u say is very true.. but SGX cost a lot! u might as well buy star hub shares instead~ they promise 5% return for the next few yrs. more worth it..
Say you bought at $2.16 then after they paid the 16cts dividend the stock took a short correction and went down to $1.86 sometime in May but by July the stock already recovered back to above $2.16 and you recovered your earlier "loss" + 16cts or $160/lot thats money in the bank. Sep and Oct they gave out another 5.8cts or $58 thats over $200 in the bank already, And now at year end the stock is above $2.90 thats how many % capital gains already + the dividend you collected leh? How many % return.
And this is not only happening this year but so far every year is like that. Come Jan/Feb they will announce results FY 2005 and again pay fat dividends that will make headlines.
If you collect abt 5-10 lots, if you lucky they keep paying huge dividend in 7-8 years you would probably own the stock for free already. After dat every year they keep paying $2k+ can go free holiday to thailand
I don't really like Telco like M1 or Singtel or Starhub reasoning is telcos have very very high capital expenses and employ thousands of people. Very high cost.
If you want dividend look for businesses that do rental of assets like tiongwoon cranes or comfort taxi.
No vested interest in comfort or tiongwoon.