Sunday, 29 June 2025

Antique Legos

  Just realized my brother and mum are preserving my old Lego sets.

They’re worth a lot of money!

Some of the smaller sets have been sold with surprisingly high demand!

Here’s my famous pirate set.


A New Big Purchase Incoming

  Praying this is well worth it.

Transitioning to EV!

Here’s a teaser!



Thursday, 26 June 2025

Fun Second Property Thought

  Here’s a simplified table summarizing your second property investment strategy in Singapore:


🏠 Second Residential Property Investment Summary (S$700K Property)


Category

Details

Purchase Price

S$700,000

Loan (45%)

S$315,000

Cash/CPF Needed (55%)

S$385,000

ABSD (20%)

S$140,000

BSD (~2.2%)

S$15,600

Total Initial Outlay

S$540,600 (cash + CPF + duties)


💰 Rental Income & Returns


Metric

Amount (S$)

Monthly Rent

2,500

Annual Gross Rent

30,000

Est. Annual Costs

~10,000 (taxes, agent, maintenance)

Net Rental Income

20,000/year

Net Rental Yield

~3.7% on total outlay



🧮 Break-Even & Outlook


Factor

Estimate

Capital gain needed to offset ABSD

S$140,000 → ~20% price gain

Break-even price (to recover ABSD)

S$840,000

Time to reach (at 3% growth/year)

~7–10 years


✅ Pros vs ❌ Cons


Pros

Cons

Stable passive income (S$20K/year)

Huge ABSD upfront (S$140K lost to tax)

Long-term asset appreciation

Limited LTV (low leverage = lower ROI)

Singapore property stability

Better returns may exist in REITs or commercial property



Friday, 13 June 2025

One More Windfall

 Wow.

What can I say.

I thought this was already a good thing coming and was expecting a small nice little add-on ‘bonus’ from the company.

Didn’t expect it to be so much.

This is great and I can add it to my retirement goal amount.

Hopefully I get there sooner rather than later!

Definitely feels great and thankful.

Now thinking of where to park all of that and hopefully not gamble it away senselessly ;P

Perth For Retirement

  Is Perth a good place for retirement?

IMHO it is great at least six months of the year, autumn and winter time.

Temperature is 10-20°C which is VERY NOICE.

So it’s about whether I’ve got a nice place to stay while I’m here.

Buying a property incurs large sums and many say it is a waste of if I don’t rent it out and collect rent to pay for my taxes and other miscellaneous upkeep costs.

Renting might be an option.

Hmm.

Also I think the AUD is waaaaaaay undervalued against the SGD. Right now at 1 AUD buys only 0.83 SGD. So everything I spend here is at an almost 20% discount. Yummy!

Slowly becoming a fan of Australia as a potential home away from home.

Friday, 6 June 2025

Trump-Musk Feud

 This is gold.

Get your popcorn out people!

Here is a comprehensive timeline of the escalating feud between Elon Musk and Donald Trump, beginning on June 3, 2025, and continuing through June 6, 2025:

🧨 

Trump-Musk Feud: Full Timeline (June 3–6, 2025)

📅 

June 3, 2025

  • Musk Denounces Trump’s Spending Bill
    Elon Musk lashes out at President Trump’s new “Big Beautiful Bill,” a sweeping tax-and-spending package. Musk calls the bill a “disgusting abomination” and says he was not consulted, contradicting Trump’s earlier claims.
    📎 Source

📅 

June 4, 2025

  • Trump Retaliates Against Musk
    Trump threatens to revoke federal contracts and subsidies for Musk’s companies, including SpaceX and Tesla, in response to the criticism.
    📎 Source


📅 

June 5, 2025

  • Musk Accuses Trump of Epstein Ties
    Musk claims that Trump’s name is in the unreleased Jeffrey Epstein files, suggesting that’s why they remain classified.
    📎 Source
  • Musk Supports Impeachment
    Musk publicly endorses a Truth Social post calling for Trump’s impeachment and removal from office.
    📎 Source
  • Massive Tesla Stock Crash
    Tesla stock drops 14%, wiping out $150 billion in market value, as investors grow uneasy over the feud.
    📎 Source
  • Musk Threatens Political Realignment
    Musk hints at forming a centrist political party and reducing political donations, signaling a major break from Republican politics.
    📎 Source
  • GOP Lawmakers Rally Behind Trump
    Republican leaders distance themselves from Musk and reaffirm their support for President Trump.
    📎 Source

📅 

June 6, 2025

  • Feud Intensifies on Social Media
    Trump and Musk continue trading insults on Truth Social and X, criticizing each other’s policies and character.
    📎 Source
  • Tesla Stock Falls Further
    The market rout continues: Tesla shares drop another 8%, adding to investor anxiety.
    📎 Source
  • Investor and Political Fallout Grows
    Market analysts warn that the feud may affect policy decisions in energy, tech, and space sectors. Wall Street becomes increasingly cautious about Musk-led firms amid regulatory threats.

🧾 Summary

  • The feud has moved from policy disagreement to personal attacks and economic consequences.
  • Musk is now openly opposing Trump politically, while Trump is threatening the financial lifelines of Musk’s businesses.
  • With GOP support behind Trump and Tesla’s market value plunging, Musk’s influence in conservative politics may be waning — unless he pivots into a new political movement