Viceroymenthol 6th Gear July 2, 2009 Share July 2, 2009 and if you hold the buy overnight, you need to pay interest, if i rem correctly and if you have a margin call, you have to top up too.... dun forget........ http://www.contracts-for-difference.com/ For my purposes, CFD are useful in taking up short positions as a hedge. CFDs and margin trading are just faster ways to let people con money from the irrational and the blindly optimistic. ↡ Advertisement Link to post Share on other sites More sharing options...
Guyferdleong Neutral Newbie July 2, 2009 Share July 2, 2009 for me , the day I get the car is the day when i break even the bank loan(paper value)... cause i cant bear to see my bank shrink so much 1 Link to post Share on other sites More sharing options...
Gearoil 1st Gear July 2, 2009 Share July 2, 2009 I noticed that many here are debating on ...How much one should pay for a car ..and the topic drifted to what type of investments ..of what yield one can get in return...blah...blah... But the real thing is...everyone is pointing to ONE THING! What sort of thing can assure one of regular income irregardless of whether one has a job.....brought a car...reccession.....or whatever ... That is....Guaranteed monthly income of amount sufficient for one's needs! So what is that magic 'thing' har?....hahahahahaha Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear July 2, 2009 Share July 2, 2009 I noticed that many here are debating on ...How much one should pay for a car ..and the topic drifted to what type of investments ..of what yield one can get in return...blah...blah... But the real thing is...everyone is pointing to ONE THING! What sort of thing can assure one of regular income irregardless of whether one has a job.....brought a car...reccession.....or whatever ... That is....Guaranteed monthly income of amount sufficient for one's needs! So what is that magic 'thing' har?....hahahahahaha wow you sound like one of those speakers at "financial freedom" seminars.... then sell some system or scheme.... scared of you.... Link to post Share on other sites More sharing options...
Kiario04 1st Gear July 2, 2009 Share July 2, 2009 Um, Longer than if you had 0 cash balance? Effectively, the additional cost to you is the interest on that 20k. if i were to have 70k cash, i will only buy 40 to 50k car, pay fully and still have 20-30k CASH! even if i were retrenched, etc, i can still sleeeeeeeeeeeeeeeeeeeeep soundly at night without worrying about my car gonna be towed away or forced to sell at a massive loss cos it's already FULLY PAID and I can easily become a salesman and sell anything under the sky. No money, dont buy more than u can afford, in another word "dont bite more than u can chew". Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear July 2, 2009 Share July 2, 2009 No money, dont buy more than u can afford, in another word "dont bite more than u can chew". everybody knows that but what if they don't know themselves well and believe that they can chew a lot? Link to post Share on other sites More sharing options...
Accuphase 1st Gear July 2, 2009 Share July 2, 2009 (edited) Ya-lor. There are so many ads in the newspaper telling you about earning passive income with glorified success stories. Assisting you to reach "Financial Freedom" in a very short period. Is this true? Edited July 2, 2009 by Accuphase 1 Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear July 2, 2009 Share July 2, 2009 (edited) Ya-lor. There are so many ads in the newspaper telling you about earning passive income with glorified success stories. Assisting you to reach "Financial Freedom" is a very short period. Is this true? there is some truth to it, and some of it works at least in theory, but it is not for everyone. in fact it is not for most of us. maybe you ask gearoil. most people become rich and successful based on sheer hard work at whatever you do, smart accumulation of money and savvy investing, which i am sure bros like throttle2 can tell you more about. even those successful businessmen you see, even if their business and wealth were inherited, all of them have at least above average IQ (smarts), EQ (good in relationships), and AQ (not afraid of difficult circumstanes when the going gets tough, won't break down). we look at them go "wah, big boss so rich" but behind each of them got story wan... Edited July 2, 2009 by Viceroymenthol Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged July 2, 2009 Share July 2, 2009 (edited) http://www.contracts-for-difference.com/ For my purposes, CFD are useful in taking up short positions as a hedge. CFDs and margin trading are just faster ways to let people con money from the irrational and the blindly optimistic. It is a very good tool for hedging if you can fully understand it. There is also Extended Settlements, which is in a way similar to CFD but can only hold on for ~30days, if you want to continue to hold, you got to rollover the position. In fact, i will call it a hybrid as it is even more similar to normal shares but with a contra period of 30days Edited July 2, 2009 by Galantspeedz Link to post Share on other sites More sharing options...
Gearoil 1st Gear July 2, 2009 Share July 2, 2009 Ya-lor. There are so many ads in the newspaper telling you about earning passive income with glorified success stories. Assisting you to reach "Financial Freedom" in a very short period. Is this true? It is true...depends on HOW you look at it....but not those that are advertised. As they say....good things, ppl never share... Link to post Share on other sites More sharing options...
Donut Supercharged July 2, 2009 Share July 2, 2009 its also depends on whether your $$ can see sunlight or not...... some ppl are super rich with $$ to burn.... but take highest loan with highest interests for cars or houses. why?? coz their $$ cannot see sunlight type...... they need to keep a low profile in case garment is checking.... so there is no right or wrong on whether pay cash or take loan.... Link to post Share on other sites More sharing options...
Irene Neutral Newbie July 2, 2009 Share July 2, 2009 Isnt this just a matter of preference? 1 Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged July 2, 2009 Share July 2, 2009 Isnt this just a matter of preference? depends how you look at it.... maybe and maybe not.... Link to post Share on other sites More sharing options...
Accuphase 1st Gear July 2, 2009 Share July 2, 2009 It is true...depends on HOW you look at it....but not those that are advertised. As they say....good things, ppl never share... LOL ! No wonder I am still struggling to achieve financial freedom. Ppl never share their secrets...the ones who advertise already laughing all the way to the bank when you enroll. Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear July 2, 2009 Share July 2, 2009 LOL ! No wonder I am still struggling to achieve financial freedom. Ppl never share their secrets...the ones who advertise already laughing all the way to the bank when you enroll. save your money. buy some books instead, subscribe to magazines and learn as much as you can... hate to sound cliched but knowledge is power. i'm still struggling, myself... Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 2, 2009 Share July 2, 2009 no money got joy of no money. No money got headache of no money plenty money got joy of plenty money. Plenty money got headache of plenty money. understand or not? better to value things which cannot be valued by money. dont be a slave. if you have to be a slave, drop it like a hot iron. Link to post Share on other sites More sharing options...
Donut Supercharged July 2, 2009 Share July 2, 2009 rich ppl got their own problem we cant assume got $$, means problem free. watching our Ch 8 9pm chinese show - god of gamblers. Zoe Tay's family very rich right? running casinos business. but you see each of the family member's behaviour and capabilities? all useless and back stabbing each other. so now old man die liao.... who will run the company? this happens in real life also. alot of rich families, their sons all useless one.... look at CK Tang business.... i will rather donate all my $$ to charities and children's home, and sell off my companies. Link to post Share on other sites More sharing options...
Picanto 3rd Gear July 2, 2009 Share July 2, 2009 rich ppl got their own problem we cant assume got $$, means problem free. watching our Ch 8 9pm chinese show - god of gamblers. Zoe Tay's family very rich right? running casinos business. but you see each of the family member's behaviour and capabilities? all useless and back stabbing each other. so now old man die liao.... who will run the company? this happens in real life also. alot of rich families, their sons all useless one.... look at CK Tang business.... i will rather donate all my $$ to charities and children's home, and sell off my companies. poor also got problems right? then its better to be rich than poor. ↡ Advertisement Link to post Share on other sites More sharing options...
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