Year 20 - 11

Last year had been a great year for me, but this year will be a even better year i think.

Exciting time it was, everybody who was in the market make money, cause prices is only going up up and up!

Property prices in singapore is soaring, and the new housing rule that is being passed on yesterday was meant to reduce the number of property trader who flip property for fast profits and thus pushing up the prices of housing way beyond what it is actually worth.

Well done!

Maybe they should come out with a new ruling on the stock market to ward off traders who always buy and sell for quick profits as well ! HAHA!

ok I'm just kidding, i know some of you do that for a living ok !

Anyway how is 2011 going to be like ?
What kind of year will it be like?
And where is the money ???

2009 - 2010 is the year of Gold & property.
but half way through 2010, I think silver made a better investment when you are looking at mid-term investing as compared to gold.

Will silver still be as profitable as last year ?

Should I buy a property now since like it is the peak ?
If i should buy a house now, 10 years from now, what will the valuation of my house be like ?

Should I enter the stock market now ? or should I wait for the so called "double dip" ?

Which region should i invest in ? asean or europe? which fund or unit trust should I buy ?

and about 1 month ago, I received this email from a investing website promoting mutual funds with an "expert" predicting that this year is going to be the year of Asean excluding japan.

thank you for telling me. I wouldn't have known if you guys havent email me to tell me that.

anyway, just to clarify, although I subscribe to their free newsletter, but I do not invest in funds or unit trust, at least at this point of time !

If you guys are asking any of the aboved questions, congrats!

If you guys can't be bothered with any of the aboved questions, congrats!

You asked those questions because you care about your financial future and you want to get to your goal.

You didn't ask those questions because you are unaware of the implications of not planning ahead for your future and think that by saving money, you will do fine.
ok, maybe if you earn alot and save 1/2 your salary every month, you might do just fine.

I would like to share with you on 2 reasons why you should always care for your financial future and saving money is not the way to go.

My house, which is a HDB flat which my parents brought like 25 years ago is only 5 digits.
Today, to afford a HDB flat, you need to pay like 5X more compared to 25 years ago.
Do you think you can save at that rate ?

Secondly, money is free, you can't save it and think that you're rich.
Because people are printing it.
Do you think you can save at that rate ?

If your questions to the 2 aboved questions are no.
and you are still saving money.
You know you are in trouble.

Your money needs to grow expotentially.
you need to have them grow expotentially.
you need to find ways and means for them to grow expotentially.

You need to study something call the time value of money !