T.U.B Investing

I have receive lots of comments on InvestingNote on my previous post . It made me realise that I have taken too little risk. I have also complicate matters by my formula. So I have made changes and revamped the plan. This should help everyone to understand my plan better. 1. I will borrow 3Y for 6 months for the initial balance transfer. 2. I will pay A for 5 months to reduce the outstanding. Note that Y=5A (It should not be 6A because you run the risk of not paying in the last month). 3. Roll over 2Y for another 6 months for the subsequent balance transfer. 4. Continue to pay A to reduce the subsequent balance transfer. 5. Place Y into SSB to offset some of the processing fee in both the balance transfer.  Thus, it is important to ensure that Y should be below your monthly gross pay. A should be about 15% of your gross pay. Do note that the main risk of this plan is losing your job. Therefore, if your job is unstable now, please DO NOT ENGA...

To update all readers, the plan has already been carried out. I continued to have friends, whom advised me against carrying out the plan, as well as some others whom have carried out their own leverage plan. Just to emphasize I will not be going ahead with margin or leverage lending. I prefer to borrow a fixed sum with a discipline way of repayment. This will allow me to plan better. Basically I did a fund transfer with Standard Chartered Promotion of 1% of processing fee for 6 months without any other cost. And this is the plan of repayment: 1. I have "X" amount for investment. 2. I will place "X" into Singapore Saving Bonds. 3. I will borrow through Fund Transfer 1 for the amount of "X+Y" for 6 months. 4. The portion "Y" will be repaid via monthly injection of cash amount "A" over 6 months. 5. In the event the market recovers in 6 months, I will take out "X" from Singapore Saving Bonds and repaid the o...

After my last post, I have many friends that told me to not proceed with the plan. I also have friends asking me about rates and from which bank I am getting the loan from. I will need to be upfront with all the readers, as I told one of them: "I agree that if there is no need to leverage, then better not to leverage. In fact I don't encourage this as well. In almost all my courses, I already stated at the start of each course that we should only invest with disposable cash, so no irrational thoughts will occur." However, due to the recent downturn, I also have thoughts that if I have the ability (in terms of future cashflow) and already the cash to pay off the amount I leverage, then I should be fine. To be honest, this is similar to taking up a property loan. Just that a bit on the short term. So what I found out and I intend to do? After researching, I will be doing fund transfer as I found some banks offering 0% to 3% EIR/processing fee. Eventually, I w...