Listen and read

If you want to start to learn about financial values, you can listen to a recorded message by a local blogger AK71.

link here

For further information, you can read his blog http://singaporeanstocksinvestor.blogspot.sg/.

Blessed day!

To Keep or to replace the car

There is now some changes in the car buying scheme that now one required some deposit before purchasing.  In my personal opinion, this is good as it is to emphasis on financial prudence especially in an asset that is depreciating.

This will, in due time lead to a lower COE price and that in a way lowers the used car prices.  In any case, unless the COE is at a low rate, it will be used car.

So, the pending question whether/when to keep the car or replace the car.

ChristianPF has a article on it.  Link here.    

One of the take away from the above article for me is that in any case, if the major repair is to make the car run safely, it's better to repair or scrap it altogether.  

Our korean workhorse has just covered 240,000 km.  It needs some repairs, one potential major but not affecting the safety aspect.  Hence we would have a longer time to find a good replacement.

Blessed day!