Wow. DjI drops more thqn 300 pts last night. Is it time to buy some bank shares?
Wow. DjI drops more thqn 300 pts last night. Is it time to buy some bank shares?
I always take note of what UOB older CEO on the his speech or what UOB mgmt. did. With UOB mgmt. suddenly removing LTV for all unit trust last week.
That make me very nervous.Now I am more nervous now as compare to Aug15 (RMB devaluation- big correction) due to the oil prices drastic drop
which is being manipulated.
When I invest, I also sometimes (once a year) go to see fortunate teller for some direction on my investment. Not 100% believe but some guidance only.
He says I am a risk taker. Bet big win big. Bet big can lose very big. Must know when to let go. He advises me avoid investment in the Nov15 to Feb16.
Ask me to trust him. But I did pump in close to S$2m in dual currency due 14Dec15 which is less risky due to my observation. All should all OK by 14 dec15.
I did reduce my bond holding DRASRICALLY in the last 3 mths instead of buying( switch out & in =one to one) again for those bond I sold off.
So whatever profit I make. I did not reinvest all but keep pumping into my families CPF (include son). CPF monies is my last level of defence in case I really
so screw up my investment as I know I may make the same mistakes again. We are human being . Stupid mistakes sometimes do occur again without U
knowing until it is a bit late (hopefully not too late).
My last 5 years investment in bond has been screwed by Trikomsel (default on coupon) .How can one of the largest phone distributors in Indonesia can
just declared default When they just issued a 2nd tranches of bond 7.875% in less than a year & Softbank invested S$120m etc & some biz with Singpost . Softbank + singpost is just like "SMOKE grenade " to confuse investors. The fixed income expert & individual fund mgr also invested their own $ what I
know through other bank bankers & my friends. So better stay with SG blue blue chip companies like HDB , LTA , SMART , capland , capmall , CDL , SIA ,
Kepcorp etc etc which can ride through big crisis. Now in the process of nego & hopefully can get back $ in 3 or 5 or 7 or 9 etc yrs time.
========================================================================================
Be patience to invest.
君子报仇,十年未晚. If U understand this Chinese proverb. U will be a successful investor.
When a investor want to be rich in investing stock, ten years is not long late to wait; one should bide one’s time
and wait for the right opportunity to seek buy when there is blood in the street.
Investing in crisis time can be really rewarding and it will shortened your journey to Financial Freedom
====================================================================================
When I saw how a top 4 bank in US can default and how fortunes shift tremendously in electronics and handphones, I knew then the hidden volatility is not for me even though I always gained from skirmishes with cash reserves.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
oil have drop to $35. looks like USD will be up and all the commodities dependent countries will be bleeding.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Vic...would you sharing who is your fortune 师傅
I was going to Suntec 'for electronic fair at level 4 in Nov15. He just rent a small stall at Suntec level one for 2-3 days.
I think he is not famous as I can recognise those famous fortune teller that appear in TV . It is affordable at $20 for est 8mins.
I have thrown away his name card.
I saw a Thai monk fortune teller in 2005. His prediction is 100% come true. At that time (2005), I was single with NO GIRLFRIEND
at all. I thought I will be single forever as my expectation is high. He said that I will get marry very soon & will have 2 kids.I really
get marry super fast (5 mths time) & have 2 kids 7 seven later.
2 boys below 10. Just go to CPF board to take the right form to fill in.
Ask the staff. photocopy birth cert + cheque & pass it to the staff.
No queue needed. Max $31450 per year as CPF does not wants the
rich to deposit hundred of thousand into their children or own CPF acct.
If a person in late 40s or early 50s. Right time to contribute EXCESS or SPARE
CASH into the CPF (max $31.45k per yr).
My relative who is a ppty agent (>20 yrs) does not believe in CPF min sum system.
Guess what. He uses his CASH to invest into stock. Lose >100k in the last
5 yrs.
[QUOTE=cbsh38584;513387]2 boys below 10. Just go to CPF board to take the right form to fill in.
Ask the staff. photocopy birth cert + cheque & pass it to the staff.
No queue needed. Max $31450 per year as CPF does not wants the
rich to deposit hundred of thousand into their children or own CPF acct.
If a person in late 40s or early 50s. Right time to contribute EXCESS or SPARE
CASH into the CPF (max $31.45k per yr).
My relative who is a ppty agent (>20 yrs) does not believe in CPF min sum system.
Guess what. He uses his CASH to invest into stock. Lose >100k in the last
5 yrs.[/QUOTE)
Hi Cbsh
Thanks for the clarifications.
Isn't the $$ got stuck in the boys' cpf and cant take out unless they reach 21 and use it to purchase their first property.
So the $$ to put into CPF is for saving and to enjoy the high interest given by CPF?
[QUOTE=Werther;513419].
This is a long term planning & U need to have some excess to be able to contribute at ease. If
not, Pls do not contribute into your children CPF. Contribute only into your CPF acct will do. I
am slowly contributing into my sons CPF. FYI, the rich which have ton of excess CASH are
pumping money (max $31.45k per yr) into their children CPF.
Many parents include my sister are using their CPF to pay for their children ITE , poy & university
education . But it must pay back into their CPF with accured interest later on. I believe my children
can use their own CPF to pay for their poly or ITE education & local university. Need to confirm again
with CPF board.
At age 21, they can use it to purchase their 1st ppty.
For me, instead of buying endowment fund for my children which the return est 2-3+% (projection) for 15 to 20 yrs.
I am contribute more into their CPF acct earning higher compounded interest & guarantee.
Currently, my son private medical insurance (PMI) premium is deducted from my medisave acct.
At age 18, the deduction can be switched over to their own medisave acct.
Take note - CPF interest rate may or may not stay at the current rate. can be lower or higher
=========================================================
3.5% for 1st 20k for OA
The excess is 2.5% (above 20k onward)
5% for the 1st 40k for SA
The excess is 4% ( above 40k onward)
4% for medisave.
where to find such rates at no risk? I thin CPF is for folks who do not know what to do and don't want risk.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
Cancer is The No. 1 Killer In Singapore
Cancer kills the rich , the poor , the smart ones , old & young etc.
GREED is the NO. 1 Killer when comes to investing.
GREED kills the rich, the poor , the high IQ , the old & young. They
don't discriminate. If your GREED factor is high. It will kill u sooner or later.
Greed itself is not the killer, the real killer is wrong timing. When to be greedy and when not to be.
I have seen too many people committing financial suicide (also a real suicide). Our worst enemy is mostly ourself.
Bought (A$51k) BHP during the "commodity FEAR period " at "extreme FEAR PRICE" A$61.62 on 18Dec15.
Today sold @A$18.30 at 10% profit.
I should have bought STD chart during the "extreme fear time" pound$480. I hesitate . Now price is pound$580.
A 20% up within 10 days. What a waste opportunity for me. Next year will have more of this "FEAR" price as
it will be very volatile .
2016 will be a very tough year. We need a lot love to overcome this slowdown.
Hopefully by end 2016, it will slowly see some light & pick up in our SG growth.
https://www.youtube.com/watch?v=WAlkk6EjW6k
https://www.cpf.gov.sg/Employers/Emp...your-employees
Who can I make voluntary contributions (VC) for?
You can make VC for your employees who are Singapore Citizens or Singapore Permanent Residents.
What is the CPF Annual Limit?
The CPF Annual Limit is the maximum amount of mandatory and voluntary contributions to all three CPF Accounts that a CPF member can receive in a calendar year. The current CPF Annual Limit is $31,450. From 1 Jan 2016, the CPF Annual Limit will be revised to $37,740.
You are not financial savvy due to your lack of knowledge. Read more book on Peter Lynn or Warren book etc.
Look out for any GOOD stock investor forum like http://singaporeanstocksinvestor.blogspot.sg. But don't follow blindly
He is not god. Everybody makes mistakes particular on the entry timing.
Just remember. TOP KILLER iS GREED. Investing requires a lot of patience. If U buy during fear period or "FEAR price".
U should be quite safe. NEVER NEVER buy penny stock. Just buy blue chip.
I believe your risk profile is between low to moderate risk. So just concentrate on blue chip like SPH, Singtel , banks stock
etc. Buy some fulleration income fund 3%+ & 1st state dividend fund (3-4%) through online. Buy (10k) some safe retail bond
like capitalmall trust 3.08% due 2021 which is Buy & hold type.
Have you check your CPF online statement ? A few thousand of dollars has been credited into your CPF.
So why not contribute some excess money into your CPF. Never never use CPF to pay for your housing loan
if you are very comfortable to afford to use CASH (more than enough CASH) to pay. CPF monies is our
last defence for our retirement in case we really screw out our investment.
My brother-in-law's brother works for a foreign bank. He is a vice president of a FX dept. Making a lot
of money for himself. But one very very bad trade (GREED). It wipe out >10 over year of profit + more losses within
months. Difficult to start all over again. But luckily he still have huge amount of his CPF money which can help him
to retire.
Make sure your insurance are being covered.
===========================
Term CI insurance (cheaper) instead of whole life + CI insurance. The money you save can put it into your CPF which
earn compounded interest.
PMI - Private medical insurance from great eastern or AIA or prudential etc etc
Going for B2 class if U don't mind. If not, go for Govt A class. If possible get a rider
(using cash) so that all your medical bill will be all covered.
Gosh. The loss sounds painful. I think better play it safe while the world adjust
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
If U have met the min SA=161k (4%) & MA=48.5k (4%) . Pls go ahead to contribute some CASH into your CPF.
FYI, I will never use CPF $ to pay for my housing loan unless I really need to (due to poor $ management).
I just got $15k+ interest from CPF. AAA rating & ZERO risk with higher interest. Cant find it anywhere. I
will still continue to contribute CASH into my CPF.
Just share with my FEAR investing
=====================
I have been monitoring BHP & Std chart. But because I have some Aus$ dollar to my bond coupon
(Russian bank 7.5% Aus bond). I decide to buy BHP when there is a Extreme FEAR in this counter .
It drop from $21 to $16+ within 1.5 months. So I decide to buy 5-7 days b4 the Christmas holiday.
I Am expecting (or THINK) "the ANG MO" & hedge fund etc short seller may cover they short position
before 25th Dec15. It may be their tradition to close their SHORT or LONG position b4 25/12 so that
they can enjoy their long weekend holiday. I am lucky that I am right & sold at 9-10% profit on 24th Dec15.
As for std chart, I should have converted my USD to pound to buy std chart @480. It shoot up to $580
within days due to short covering & maybe due to cheap valuation(close to right issue price). Anyway, there
will be many of the "FEAR" price in 2016. Hopefully, I will have the courage and also luck to make $.
We need to wait till Mid March16 for the USD FED rate hike decision.
Now is just watch for the mkt continuous correction. Hopefully, NOT
A BIG CRASH.
Today is a bad day for stock mkt.
Listen to soothing music & will feel better .
https://www.youtube.com/watch?v=SYDrQqJVZMc
Wow. China stock drop by 7%.