Batam Info / Interest / Help Thread

[retirebatam]

Originally Posted by Hurricane88

Whoever is placing large amount of money in FD will not be rich...cash is king but what is the point that cash $100 can buy alot last year but not alot this year...will buy less next few years...

Best is to make money using money and ROI at least 10% and above...not the interest rate of 4.x%...

My comment below is base on my opinion, and also maybe only applicable to my situation…

Fix Deposit

Agree that fix deposit interest is not a high return investment but at least right now the interest rate is very much higher compare to the past twenty over years with interest of less than 1.5%.

With banks currently giving a fix deposit interest of 4.x%, it can be considered as a moderate return on investment.

Furthermore fix deposit placement is considered as a safe haven, as the principal amount is protected and the interest is guaranteed (as long as placement till date of maturity).

In addition, it is also insured by Singapore Deposit Insurance Corporation, for up to S$75,000 per depositor.
(in the event that the bank becomes bankrupt)

Financial products that are not insured by Singapore Deposit Insurance Corporation include foreign currency deposits, structured deposits and investment products such as unit trusts, shares and other securities.

Inflation Rate

If we refer to the past twenty years inflation rate history in singapore, most of the years have inflation rate of less than 3%, only with the exception of year 2008, 2011, 2012 and this year 2022 which exceeded 3%.

However, some of the years do also have deflation like in year 2015, 2016 and 2020. (things become cheaper to buy)

In spore, most years are having less than 3% inflation, some years more than 3% and some years have negative inflation (deflation), so the average inflation will be about 3% plus minus.

Value of money

Hence, in order that my money to retain its value over time, it must generate a return that is higher than the average inflation rate of 3% plus minus.

Therefore for a fix deposit that gives 4.x% return is still can be considered as acceptable to me.

On the other hand, ROI that gives more than 10% are usually investment that is mostly not capital protected and also not profit guaranteed. Such investment is also subjected to risk of losing money too.

Return on investment

Risk and return are directly related.

The greater the risk that an investment may lose money, the greater its potential to get a higher return.

Therefore everyone has his/her own risk limit to consider as each of us have different financial situation...

I am a low risk taker and I will be contented with a return that exceeded the average inflation rate.

[Hurricane88]

Originally Posted by retirebatam

Inflation Rate

If we refer to the past twenty years inflation rate history in singapore, most of the years have inflation rate of less than 3%, only with the exception of year 2008, 2011, 2012 and this year 2022 which exceeded 3%.

However, some of the years do also have deflation like in year 2015, 2016 and 2020. (things become cheaper to buy)

In spore, most years are having less than 3% inflation, some years more than 3% and some years have negative inflation (deflation), so the average inflation will be about 3% plus minus.

Haha inflation rate 3%...you still trust the gahmen who massage the data to show 3% inflation...

Example - Eggs in Fairprice used to be selling $5.15 for 30 eggs in 2020...now Fairprice selling $6.85 for 30 eggs which is 33% increase.

Chicken (L) back in 2020 Fairprice selling $7 and now selling $12.30...which is 75% increase.

Rice Jasmine 5kg - back 2020 selling $5.50 and now selling $7.30 which is 32%.

Kopi O - used to sell 80cts - $1 and now selling $1 - $1.20 which is 25%

Many examples fuel cost, electricity, water, gas...all were basic necessities for household and had increased by 30% to 70%...

If you still trust the 3% inflation rate then be it...

I agreed that any ROI higher than 10% is principal not guaranteed...but have to wait for opportunities...otherwise just leave the money in cpf which is real compound interest....

[Hurricane88]

https://www.todayonline.com/singapor...survey-2061111

Any reason why Singapore ranked top most expensive cities for 8th year... where 75% earned less than sgd 3k/mth with debts...

Wonder why Singaporean top in spoiling markets in most major cities...

[hayhay]

Can’t seem to locate new belian

[HeatguyAlvin]

Originally Posted by m1969

Which app you referring to bro... can share? 😄
Thks.

Not sure but they seem quite active on IG.

Got new massage place will just follow you when they see you follow the other spots and sell you pacakges.

Like this newly opened Onyx Spa and Health Club.

238k discount 30% total 167k 90 minute massage. When I asked special Ada? They just say come here I explain.

[nono1973]

Old info created about 5 years ago by ME can still be quite useful today (i'm reading).

https://sbf.today/showpost.php?p=15...postcount=6277

If one were to take a forum thread (especially this thread) like a wechat or whatsapp chatline, then it will be almost impossible to find any quality information in it.

If one were to read a forum thread like it is a informative thread (by reading backward), then i am sure there are a lot info to dig up, hehehe....

I am reading backward as i type this (yes, i am reading back because i am planning to update my older created info).

No time to read? Then better be well prepare to pay more (double or triple $) for lesser.

To me, pay more = better to stay in Singapore since price & service level close to similar.

Just my personal perspective, hehehe....

[MrLobangKing]

Wanted to go Batam with friends end of this month but don't know where to book girls. Can recommend and what are the price?

[HeatguyAlvin]

Originally Posted by nono1973

If one were to take a forum thread (especially this thread) like a wechat or whatsapp chatline, then it will be almost impossible to find any quality information in it.

You have just said it and just right below you there's one 🤣🤣

[PowerBenz]

any bros in batam now? wanna meet up? Can pm me

[Pkcom]

Hey guys, any good seafood around turi beach area?

[lincoln3010]

For seafood I would recommend Tanjung Piayu
Cheap good
Friendly service
4 person eat only 560k

[PrcLust]

Bad news Liao. Indonesia may pass new laws as soon as by this month on an offence to have sex outside of marriage. Enjoy the freedom as much now as possible before new law is passed. It will killed the tourism industry if this new law is passed.

https://sg.yahoo.com/style/indonesia-set-criminalise-sex-marriage-201645728.html

[Hurricane88]

Originally Posted by PrcLust

Bad news Liao. Indonesia may pass new laws as soon as by this month on an offence to have sex outside of marriage. Enjoy the freedom as much now as possible before new law is passed. It will killed the tourism industry if this new law is passed.

https://sg.yahoo.com/style/indonesia...201645728.html

No worries lah...Vietnam also have such law...many countries also have similar laws and sex still happening...

[kookoo88]

Originally Posted by PrcLust

Bad news Liao. Indonesia may pass new laws as soon as by this month on an offence to have sex outside of marriage. Enjoy the freedom as much now as possible before new law is passed. It will killed the tourism industry if this new law is passed.

https://sg.yahoo.com/style/indonesia...201645728.html

I think only get charged if the official complain coming from someone close family like relative or village head.
But the risk is the law can be too broad which will lead to different interpretations especially local police might raid hotels and extorts from us foreigners.

Sex industry will probably continue.. but to lower our risk, I think better get from trustable source or contact. Been a long while since I go Batam anyway.

[kanelo75]

morena ktv has increased the accompanion fee from 600k to 800k