Club 30's "Kill The Boredom Demon" Jive Pad, 58th Edition

last SG · 2007-10-03T09:51:00+00:00

I buy you all the chicken you can eat, plus the claypot chicken rice nearby

av98m SG

Its been looking really good recently Mr. Green

hisoka SG

erm if you can afford it i think a 20 year one is better, 30 years will be really paying alot more and also that you are stuck in debt for that much longer

elindra SG

Very good in fact Embarassed

elindra SG

Looks like the shipping route thru the Arctic is too good to be true

http://news.yahoo.com/s/nm/20071003/lf_nm/arctic_passage_dc

Wanda SG

Which invm fund is that?

Ferret SG

I did.

sadly, I know abt how the interest works. Crying or Very sad

Unfortunately, going into details of the why and how I am taking this up would take too long.

Briefly, my parents are unable to service the current loan. It was this or move out.

I rather spend my time researching more into it. Actually I hope you guys might be able to help with that instead Very Happy of disuading me from it T.T

Fatum SG

before I revealed that I was not a Canadian, but a Singaporean, they were perfectly to ship me to Singapore, set me up on expat terms, and give me a job that'll have me jet around the region ....

so what changed after I told them that infact, I'm a Singaporean ? ....

if anything ... if they think I'm a suitable candidate in the first place .... then me telling them I'm a Singkie should be good news to them, cos they can save on the expat perks, right ? ...

and that's what eating me ! ...

av98m SG

without looking at your loan documents, not much we can say.

but one thing you must do, which is to buy mortgage insurance Mr. Green

bluejuice SG

yah.. what investment??

I was also thinking of investing my CPF since its sitting there earning the pathetic interest... but not sure what to invest in..

elindra SG

Wanda my investment is with Prudential and basically it is the Singapore funds Laughing

Ferret, is it possible to finance the loan by cash payments instead of CPF?

If you guys can afford paying it by cash I think it would help alot

hisoka SG

as i said these idiots at work. should all be shot to death and shot again to make sure Evil or Very Mad

elindra SG

Bad time la
We got it when it was very very low

Seriously I will need to do a switch in 2008 or so not been paying too much attention to it lately

Will need to liao

Fatum SG

domain knowledge ... it's all a matter of domain knowledge ....

the designers and code monkeys won't know everything in the domain of the system .... we won't know what it's for ....

we get a set of specs, and try to come up with a design that satisfy everything ...

but if the set of specs were wrong to start with .........................

that's why there's a new job coming onto the IT sector ... business process analyst ....

av98m SG

here's an example of cpf aapproved investment funds

http://www.aia.com.sg/east_info_fund.asp

You must make sure that you will not be needing the CPF $$$ that you invest in those funds because you need to be able to hold on to them for quite a while, in case you have to ride out any stock market crashes.

and do your homework, read up and see which are the funds with potential.

also pay special attention to sales and management charges.

Fatum SG

I just read the last line of AV's siggy ...... Shocked

Wanda SG

I think if you have to put in your name, then you'll have to do it. But do you have to do a renovation too (i presume it's your current home)? I just think it's too much for you alone to service 2 loans + paying flat using CPF unless you salary is very high...then I got nothing to say. Laughing

av98m SG

I forecast that I will be switching 2 funds sometime in the middle of next year Laughing

Oh yeah, its good to be allowed to do free fund switches. Some charge a fee, which is bad.

elindra SG

This one is VERY important
That time hor KNN I got some American Funds from DBS
That time I got it during the crash during 911
Bloody fucking hell coz of the bloody monkey the market keep going down and all I did was lose money and even if you don't touch the cash the bloody leech DBS still charge you a bloody handling fee Evil or Very Mad

I cut my losses. Lost almost 2 k Mad

av98m SG

Mr. Green

Fatum SG

I remember it bounced up pretty quickly ... maybe you should have stayed ... Laughing

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