There are times I asked myself why so tough buying 2 houses? Maintain 2 houses and 1 car is very tough. People are saying properties are going to drop big time, but I suspect with low borrowing cost and high liquidity out there, it will be well supported. Morever contrary to analysts' view of gloomy economy, I believe the market has bottom up and well poise to make a spectacular recovery.
With rising COE prices, food prices, electrical bills, property prices, etc, it has make inflation at multi-year high. If we don't do anything to increase our wealth, sooner or later we will become poorer.
There is only 2 ways for people like me to get rich - stocks & property. The trick is to leverage. With property, you can loan up to 60-80% of LTV which makes a 3-4 times leverage. With stocks, I don't know why some people gloat about buying dividend stocks with their limited cash. True, they collected dividends and see capital gains but is that enough? You make 100% from your $50,000 investment after 3 years which is highly remarkable. I would think it would be more fruitful to put this $50,000 into CFD and use 4-5 times the amount giving some buffers to it. I don't have the cash now, probably in March or April I will put $15000 inside my CFD to play. I want to make it big in life and to do that I know I need to take considerable amount of risk.
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