HELP SAVE THE ECONOMY!!! :D :D :D
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Taken from another forum:
The economy is bad now. To make it good, we can do the following:-
1) Everybody should sell off all his stocks and unit trusts and mutual funds. This will force fund houses to sell, resulting in lower prices and higher yields. New REIT IPOs will then have to price at 10%.
2) Sell out of all properties, and rent instead. This will force many housing agents out of business, resulting in lower commission rates. Housing loan rates will also come down, and so will prices of homes. This will make 5-room flats affordable at $30,000
3) Stop engaging advice from firnancial advisors, invest planners, life insurance agents etc... These will lower brokerage costs and commissions.
4) With lower activity all around, price of oil will come down
5) Rent DVDs instead, or buy from Malaysia. This will force movie tickets to come back down to $4.00
6) SEll all cars and private vehicles and take public transport. Cars will then be affordable from $3,000 to $15,000
(like that, SMRT Shares will go up!)
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ah shade, in that case, can i sell my Up To U forum?Originally posted by shade343:Taken from another forum:
The economy is bad now. To make it good, we can do the following:-
1) Everybody should sell off all his stocks and unit trusts and mutual funds. This will force fund houses to sell, resulting in lower prices and higher yields. New REIT IPOs will then have to price at 10%.
2) Sell out of all properties, and rent instead. This will force many housing agents out of business, resulting in lower commission rates. Housing loan rates will also come down, and so will prices of homes. This will make 5-room flats affordable at $30,000
3) Stop engaging advice from firnancial advisors, invest planners, life insurance agents etc... These will lower brokerage costs and commissions.
4) With lower activity all around, price of oil will come down
5) Rent DVDs instead, or buy from Malaysia. This will force movie tickets to come back down to $4.00
6) SEll all cars and private vehicles and take public transport. Cars will then be affordable from $3,000 to $15,000
(like that, SMRT Shares will go up!) -
No. But I can manage it for you at a fee...Originally posted by Kermadec:ah shade, in that case, can i sell my Up To U forum?