As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 31 March 2010

The Biggest Market Myth There Is?

By: Tom Brennan
Web Editor, Mad Money

Any new investor who hopes to successfully buy and sell stocks should know that the market is not rational, Cramer said Tuesday. And desperate attempts to make sense out of the nonsensical can cost you.

Sometimes stocks or the whole market will go up or down for reasons that have nothing to do with the underlying prospects of actual companies. Sure, you’ll search for a legitimate answer – Was it the rising dollar? Maybe it was the spate of bad earnings reports? – and the media will offer a few as well. But there will come a point where you’ll have to admit, Cramer said, that the moves are “just nuts.”

Here’s one way to put things in perspective, though: If the market’s wild fluctuations can’t be explained by business fundamentals, then they are most likely the effect of money-management fundamentals.

A lot of times money managers, namely hedge funds, will be caught on the wrong side of their trades. They start selling to raise cash because their clients want their money back. Then their selling scares other investors into dumping their own positions, and stocks are brought down across the board. Next thing you know some pundit is on TV trying to explain why gold, historically a protection against volatility, is down on a day when the markets plummeted, too.

It wasn’t always like this. Back when Cramer first started trading in the 1980s, stocks were valued according to the underlying company. The share price depended on things like earnings, cash on the balance sheet, revenues and profit margins. But during that decade, stocks began to be lumped into giant baskets that mimicked, say, the S&P 500. As a result, stocks became an asset class that at times traded together in lockstep, regardless of their positive or negative prospects.

This practice spread from country to country, Cramer said, and it turned stocks into commodities that were traded by contract with futures or exchange-traded funds. But then hedge-fund managers got involved and changed the whole game.

Hedge funds were able to pool such vast amounts of money that they dwarfed individual stocks. They had so much cash that they could buy all the shares available of many companies trading on the market. And because futures markets are much bigger than the regular markets, these funds gravitated toward the former. In the process, they formed a groupthink mentality and started to trade in synch with each other based on the same indicators.

The height of this groupthink occurred in 2008, Cramer said, when a lot of hedge funds bought and sold the same commodities, and did so with borrowed money. When those trades turned out to be wrong, the funds were forced to sell en masse in order to keep from going under. The end result was that the related stocks – Freeport McMoRan [FCX 83.35 -0.31 (-0.37%) ], Foster Wheeler [FWLT 27.04 -0.43 (-1.57%) ] and others – took a serious hit, and unnecessarily so.

The positive side of this action, though, is that these moves are opportunities. While some stocks deserve to go down, others do not. So don’t buy into the panic, Cramer said, buy the declines. And they will happen again because hedge funds are still trading stocks in the same way.

“The next time you see everything go down at once,” Cramer said, “ask yourself if we might simply be seeing the results of hedge funds gone wild.”

Q1 2010 Quarterly Performance Report

"However beautiful the strategy, you should occasionally look at the results." - Winston Churchill

What gets measured, gets managed.” - Peter Drucker

1. Year Goal Hit Rate
 
Year Goal Hit Rate improved by +4.8% from 14.4% in  Q1 2009 to 19.2% in Q1 2010.
 
(In 2003, I set some bullish progressive year goals from 2003 to 2011.
2010 Year Goal is 74.9% of 2009 Total Salary including all CPF contributions. Quite a big goal!)

 
2. Active Investing Performance

Since 1 Nov 08

1. ROC from 3.1% to 34.3% (I don't use stop loss so no negative ROC. Never blindly use no stop loss)
2. Holding Days from 1 to 329 days (some sins committed in 2008 were cleaned up so longer days)
3. Mean ROC: 11.2%
4. Median ROC: 8.5%
5. STDev: 7.8%
6. Mean Holding Days: 60

Going forward, the days of high double digit ROC are likely to be over. I will be happy to get high single digit ROC.

3. Finding Back The Stolen Wealth By The 2008 Greater Bear

Portfolio has recovered 142.1% from its low in 2009 while STI has recovered 98.2%.
Portfolio is -11.5% away from its Peak in Oct 07 while STI is -25.3%.
Portfolio improved by +2.8% from -14.3% in Q4 2009 to -11.5% in Q1 2010


Net Profit = Realized + Unrealized profits
Total capital available for investing includes those idle cash waiting to be invested.


4. H1 2010 Forecast

H1 2010 is expected to be better due to higher declared dividends from Keppel and Semb Corp.


Tuesday, 30 March 2010

Here's What Day Traders Don't Understand

Henry Blodget

Mar. 29, 2010, 10:02 AM

As we explained earlier, day-trading is one of the dumbest jobs there is: According to one academic study, 4 out of 5 people who do it lose money and only 1 in 100 do it well enough to be described as "predictably profitable."

Most of the folks who do it, in other words, would be far better off working at Burger King.

As is often the case when we bring up these facts, some readers screamed. One said that our brain-damage was made patently obvious by the fact that Wall Street professionals day-trade all day. If day-trading were so dumb, then why would professionals do it?

Here's what that particular reader is missing:

Most Wall Street traders get paid to day-trade other people's money.*

That's a huge difference compared to what most stay-at-home day-traders do.

The average professional trader gets paid somewhere between 1% and 3% of assets per year just to trade those assets all day. The average hedge-fund trader gets paid another 20% on top of that for any "gains" he or she makes (regardless of whether the gains are the result of the trader's trading or the bull market).

The average stay-at-home day-trader, meanwhile, trades his or her own money. And while many of these traders do fine on a gross basis (before costs), once the costs of this trading are deducted (commissions, taxes, research and information, time), their performance is usually downright awful.

The reason so many professionals day-trade, in other words, is that getting paid to day-trade other people's money is one of the best businesses in the world.

Day-trading your OWN money, meanwhile, is one of the worst.
--------------------------------------------------------------------------------
* There's another difference, too, of course: Most Wall Street traders have skills, information, and tools that day-traders can only dream of. Trading is a zero-sum game: Market moves aside, every dollar won by one trader comes out of the pocket of another trader. Day traders competing against Wall Streeters is the equivalent of a college football team (or Pee Wee team, depending on the day-trader's skill) competing against a pro team. Is it possible to win? Yes. But it's highly unlikely (1 in 100). Wall Street's winnings do have to come from somewhere, though, so Wall Street thanks the day traders for playing.

Read more: Must Be A Bull Market: The Dumbest Job Ever, Day Trading, Is Cool Again

Saving, Life Insurance and Investing - 2nd Revist

Someone asked "My mother is thinking of buying a 5 years insurance plan with a single premium of $10,000. She is still in good health and the reason she's buying is to get safe returns that are higher than the bank interest."

It is quite common that people are not clear on the differences in saving, investment, and insurance.

It is good to understand Saving, Life Insurance and Investing - Revist

Noble - Bought @ $3.11

Got it back @ $3.11 for the next round of play. It is one cent more than those BBS who bought @ $3.10 from Noble Vice Chairman

Last Round of Play


$3.11 is today's Low

Portfolio Management - Your Personal Over-Sold and Over-Bought Indicator

Portfolio Management - The Importance Of Realized Profit

When will the Bear strike again? I don't know.

Will the Bull pause and continue running? I don't know.

When will the Bear or Bull Strike? - Revisit

I can only know my own personal over-sold and over-bought indicator in my own portfolio.

When the Bull is charging ahead and I have over-bought, I will begin to take profit slowly. If the Bull pauses and continues to charge and I have over-sold. I will then do nothing but just relax and let the core holding in the portfolio charges together with the bull. It will be sad if the bull continues to charge with you holding bulk of your portfolio in cash.

When the Bear begins to strike back and I have over-sold, I will buy slowly and stop if I have over-bought. Similarly, it will be sad if the Bear strikes in a big way and you have no money to buy.

Watch you personal indicators closely.

Monday, 29 March 2010

Resident wants ban on CPF cash for investments

"Trading appears deceptively easy. When a beginner wins, he feels brilliant and invincible. Then he takes wild risks and loses everything" - Dr. Alexander Elder

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder.


If you ask me should you invest your CPF investment fund: Using CPF Investment Fund For Investing

---------------------------------------------------------------------------
Kor Kian Beng

Mon, Mar 29, 2010
The Straits Times

RETIRED sailor Goh Tor Zin said he lost $350,000 of his Central Provident Fund savings through bad stock market investments, and yesterday made a radical suggestion at a ministerial dialogue.

The 59-year-old Kampong Kembangan resident sought a ban on using CPF money for such investments, saying the CPF scheme should stick to its original aims of helping Singaporeans save for their retirement, medical and housing needs: 'When I retired, I collected only $35,000. I lost $350,000. The sum may be small for some, but for me, I can buy many packets of chicken rice.'

Mr Goh, who is unmarried and lives with his 91-year-old father in a five-room Lengkong Tiga flat, said he made a similar suggestion to the CPF when he collected his CPF money on turning 55: 'They told me that I don't have to buy (shares), and that no one forced me to do so. I said, 'Yes if you don't sell drugs, I won't buy drugs. So you are not wrong, I am also not wrong'.'

Want to win, scared to lose ...

  • Sell winning stocks too early and hold onto losing stocks too long because of loss aversion.
  • Holding onto winning stocks too long because they scare cannot buy them back but still believe market cannot go up forever.
  • Boasting at paper profits and keeping quiet at paper losses
  • Calling losing stocks as long-term investment

Sunday, 28 March 2010

5 Myths About ETFs - Part 3

STI ETF: Low Risk at Market Return over long term?

5 Myths About ETFs - Part 2

Does STI ETF really give average market return?

I still think that STI ETF is just another beast in the stock market and its behavior is no different from any other beasts in the stock market - some are hares, some are tortoise, and some are dying and waiting to be buried.

If you look at the price volatility of STI ETF, it can be scary depending when you last bought it


Whether you can really make money or not still very much depend on your entry and exit price like any other stocks.

When the market condition is bad and if you need to cash out to meet expenses you will have to exit with losses if you have bought it at higher price.

5 Myths About ETFs - Part 2

5 Myths About ETFs

Beware of Tracking Error Risk when investing in the STI ETF?


Changes in the NAV of the Fund are unlikely to replicate exactly changes in the STI due to factors such as fees and expenses of the Fund, liquidity of the market and changes to the Index.

FTSE Group (FTSE) will conduct half-yearly review of the constituents of the Straits Times Index (STI) so there is always a possibility that new components may be added and some old ones  may be removed. It is also known as survival bias.

For example in the recent review:

Singapore Exchange (SGX), the FTSE Group (FTSE) and Singapore Press Holdings (SPH) announced today that CapitaMalls Asia will replace Cosco Corp Singapore as a constituent of the Straits Times Index (STI) following the conclusion of the half-yearly review.


The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalization, will be (in order of size) Keppel Land, Yangzijiang Shipbuilding Holdings, Ascendas Real Estate Investment Trust, Yanlord Land Group and Parkway Holdings. Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.

STI ETF will have no choice but to sell off Cosco and most likely to be losses and buy in CapMall and most likely at higher price.

In this case, STI ETF may be buying high and selling low at every half-yearly review. So beware of tracking error risk when investing in STI ETF.

Investing Behavioural Bias - Overconfidence

Dr Kahneman was asked what fools us most frequently. That was simple, he said: overconfidence

"It's the idea that you know better than the market, which is a very strange idea," Dr Kahneman told The Washington Post.  "Individual investors have no business at all thinking they can do better."

So beware of low liquidity stocks and there are reasons for being unloved by the market unless you think Dr Kahneman is talking rubbish.

The Sandwich Generation - Scary?

Do you realize that people around us when they advance into their 50s and 60, more and more of them may still have children in school rather at office - the result of a widespread late marriage or delayed childbirth.

To make the matters financially worse,  some of their parents may not have planned well for their own retirement and become dependent on their own children for financial support.

Parental care on top of child care. So scary, right? Better start thinking and plan early on how to resolve it? May be a long period of consolidation?

Saturday, 27 March 2010

If You Still Don't Believe ILP is a Time Bomb?

"Old men are fond of giving good advice, to console themselves for being no longer in a position to give bad examples." - François La Rochefoucauld

Insurance 'time-bomb' set to explode

If you still don't believe ILP is a time bomb, you may want to read this:

Should I hold on to my regular premium investment-link (ILP) policy with high sum assured?

Friday, 26 March 2010

Stop Loss? Do Your Own Thinking and Control Your own Emotion

Portfolio Management - Stop Losses?

If you enter the Market through the Front door then exit via the Front door. Don't ever enter the Market through the Front door and then trying or force to exit via the Back door.

When will the Bear or Bull Strike? - Revisit

When will the Bear or Bull Strike?

Either one will come!

If the Bull charges ahead and you have oversold then you may not gain.

Likewise, when the Bear comes roaring back and you have overbought. Soon you may have sleepless nights.

Are you overbought or oversold?


Thursday, 25 March 2010

GE to invest US$453 mln in European offshore wind

 Keppel bags first major newbuild contract for German offshore wind farm

 Does the news below means more opportunities for Keppel Corp in 2010/2011?  More to come?

 ------------------------------------------------------------------------------------------
OSLO/LONDON - General Electric Co will invest 340 million euros (US$453 million) in offshore wind technology in Europe until 2020, it said on Thursday.


Around 110 million euros will be invested in British turbine manufacturing and 105 million euros in engineering and production facilities in Germany, with a target of mass producing GE's new 4 megawatt (MW) offshore wind turbine as early as 2012.

'Most of the (offshore wind) projects will be in 2012 to 2015 so you will see mass production within that timeframe,' Victor Abate, Vice-President of Renewables at GE Energy told Reuters at a press briefing in Oslo. 

Mr Abate said he expected sales of hundreds of turbines per year until 2020 with most of the sales and manufacturing in Britain and Germany. 


GE also said Britain's budget announcements on a 60 million pound (US$89.52 million) offshore wind infrastructure port development competition on Wednesday was key to the company's investment decision.

'We believe offshore wind has a bright future here in the UK and are delighted that the UK government yesterday committed to further developing this important sector,' Magued Eldaief, managing director of GE Energy UK said.

Climate Change and Energy Secretary Ed Milliband said: 'GE's investment will create new jobs and help the supply chain flourish, reinforcing the UK as the destination for offshore wind investment.' 


The rest of the investment comprises 75 million euros in Norway for testing wind turbines and 50 million euros in Sweden on a design facility.

Billions have been spent on installing onshore wind farms across Europe over the past decade in an effort to decarbonise power generation, with Denmark and Spain already producing half their electricity from wind. -- REUTERS

part luck

Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing."

Sometime there is one big random event happened and can seriously alter the stock movement in the opposite direction e.g.

Noble's Vice Chairman Share Placement @ $3.10

This is just one random event happening and you are damn unlucky if you have just bought and so lucky if you have sold earlier.

So you either blame your star or thank your star if this happened to you.

Keppel Offshore & Marine secures $140 million worth of contracts from repeat customers

wow. another contract
-------------------------
By ANGELA TAN


Keppel Offshore & Marine Limited (Keppel O&M) through its subsidiaries, Keppel Shipyard, Keppel FELS and Keppel Verolme, has secured S$140 million worth of contracts for the conversion of a Floating Production Storage and Offloading facility (FPSO) and repair and modification of two semisubmersibles (semi).

Keppel Shipyard will undertake the upgrading and conversion of a Suezmax tanker into an FPSO for repeat customer Bumi Armada Berhad (Bumi Armada).

Keppel FELS and Keppel Verolme have each secured the repair and modification of a drilling semi from Stena Drilling.

Keppel Shipyard is expected to commence work on the FPSO in the second quarter of 2010 for completion in the second quarter of 2011,

Is ILP a time bomb? - Revisit

Next time if your friendly agent talks to you about ILP and especially Single Premium ILP using your CPF investment fund, you better do this ...


Wednesday, 24 March 2010

Keppel Shipyard secures conversion contracts worth $160 million

SINGAPORE : Keppel Shipyard has secured two conversion contracts worth S$160 million.


The first contract is to convert a floating production storage and offloading vessel.

Work on the vessel is expected to start in the second quarter of this year and completed in the third quarter of next year.

The second contract is to convert a vehicle carrier into a livestock carrier for a leading livestock carrier owner and operator.

The work scope includes design engineering and procurement of major equipment.

The vessel, to be renamed Ghena, is targeted for completion in the third quarter of this year, and will ply the route between Australia and the Middle East.

The company said the two contracts are not expected to have any material impact on the earnings per share of Keppel Corporation for the current financial year.

Markets Always Rise Over Time? It's a Myth: Chartist

By: Daryl Guppy
CNBC Contributor

One of the most dangerous market myths is that the market always rises over time.

Believers in this myth would trot out historical charts that have been reconstructed from the middle of the 18th century. And sure enough, the long term trend marches inexorably upwards. Even drammatic market crashes like that of 1929, 1987 and the tech wreck of 2000 all become just little blips in this overall magical rising trend.

To many investors, this underscores the buy-and-hold strategy. Just buy-and-hold and the market will bring you a windfall eventually. Right?

Wrong. Unfortunately, this is a pure myth and simply untrue.

The truth is that it's market index always rises, and not the market. The market index rises because the index only includes winners. This is called survivor-bias. The components of the index change on a regular basis, when market conditions warrant.

The Australia's S&P ASX 200 index, for example, is rebalanced every quarter by Standard and Poors' who compiles the index. Just in the last quarter, three stocks were dropped from the index because they were the worst performers. They were replaced by three others which were better performers.

When losers are dropped and winners added, it's no wonder that the market (index) always rises. Even blue chip stocks can be cut out from the list if they fail to perform. Too bad if you happen to own them and plan to keep them for the long haul.

Perseus Mining was a stock recently added to the S&P ASX 200, which began trading on March 22. Its recent performance, as demonstrated on the chart, suggests several conclusions.

First is that some speculation or rumor may have developed in the market prior to the March 5 announcement. PRU shows a breakout from a 4-week downtrend and the development of a strong uptrend prior to the announcement. Secrets are difficult to keep in any market and there are always traders who make better guesses based on the same information that others also have.

Second is the acceleration and continuation of the uptrend when the Index rebalancing announcement is made. This is a tradable announcement because many fund managers will need to buy this stock. The surge is volume is most evident on the last trading day before the stock is added to the index. The index pop can be traded directly or by using a derivative such as a CFD or option.

The third conclusion is not shown on this chart. There is a higher probability of a sustainable uptrend after the stock starts to trade as an index component. Stocks that are also components of the index change their tending characters because they enjoy more investor support.

Do stocks that are dropped from the index automatically fall? Surprisingly the answer is “No”, although often they been in a steady decline for months prior to being dropped from the index. These faded blue chips still offer some opportunities but they are rarely part of the myth that the market always rises.

Index component stocks have become more important in recent years because many funds have a mandate that requires them to hold the index stocks. When stocks are dropped, then the fund managers also drop the stock. When stocks are added, the fund managers pile-in as buyers because their fund mandate requires them to replicate the index stocks and their weightings.

So how should investors profit from market (index) rises? They should try investing in an Exchange Traded Fund (ETF) which replicates the performance of the index. Assuming the ETF instrument remains listed, then this provides an effective and realistic method of benefiting from the market index rise over time.

Daryl Guppy is a trader and author of Trend Trading, The 36 Strategies of the Chinese for Financial Traders –www.guppytraders.com . He is a regular guest on CNBCAsia Squawk Box. He is a speaker at trading conferences in China, Asia, Australia and Europe.

Tuesday, 23 March 2010

Noble Share Placement @ $3.10

In keeping with previous announcements made regarding Noble’s Vice Chairman Harry Banga’s intention to withdraw in June from day-to-day executive responsibilities, today it was announced that Mr. Banga had, for the first time, sold shares in Noble. The placement of 115,000,000 shares was priced at 3.10 Singapore dollars per share and was fully underwritten by Citigroup Global Markets Pte. Ltd. and Goldman Sachs (Singapore) Pte. and placed at the close of trading with a broad spread of institutional investors.

Mr. Banga underscored that the sale was his first ever of Noble shares and was made for purposes of estate planning and he remained committed to the company, optimistic about the future, and confirmed his intention to remain on the board of Noble for the foreseeable future

Time Can Change Many Things Including Passion, Love and Hobby

Now you talk passionately about your passion in your work, you have never feel that you are working at all. You are loving it.

Now you shout to the world how deeply you are in love with your sweetheart. You just cannot live without your sweetheart. If the sweetheart is gone, you would rather die.

Now you boast to your friends about this great hobby of yours. Everyday, you can't wait to lay your hand on it. Without it, life will be never the same again.

Many years later, what will be you be saying? May be you will hate your work - it is called brown or burn out. Your love may become your source of sorrow or hate. Your hobby is forgotten in your store-room.

Time can change and will change anything and only when your  time on earth is near the end only then you can truly say:

This is my passion. This is my love. This is my hobby.

So instead of searching high and low for your passion, your love and your hobby and knowing that time may change anything. Why not just learn to accept whatever is real, practical and available in front of you. Take good care of them. Try to live to the fullest each day and hope for more good days to come.

Sunday, 21 March 2010

Investment Goal: $10K a year

Dividend Yield only strategy

To achieve $10K Goal a year, I would need to have $100K capital to invest in a portfolio of 10% dividend yield stocks.

What if I only have $50K capital, I would need to invest in a portfolio of 20% dividend yield stocks which is nearly impossible to find.

Capital Gain strategy

With $50K capital divided into 5 sets of $10K capital per set, I would be able to achieve $10K Goal a year with just 20 successful trades at 5% ROC each.

20 trades per year or 1.7 trades per month i.e. 2 sets of capital out of 5 per month

Can an average trader make it?

Higher Tuition Fee at University of Technology and Design (SUTD)

NUS, NTU & SMU raise fees to better reflect citizenship privileges

It is charging fees of $11K per acamemic year for SG citizen in 2012. It is even higher than SMU. I will revise the Uni tuition fund for my youngest son by another 15% to take more conservative approach by over-providing.

Possible to buy back lower?

Can I possibly buy back the stock lower than the previously sold price?

Looking at past year Noble and Olam trades for clues:

 

So sometime I have to buy high and sell higher but
most of the time Market provides more opportunities to buy back at lower price.

Saturday, 20 March 2010

Buy And Hold - Is this the best use of limited capital? - Part 2

Buy And Hold - Is this the best use of limited capital?

There will never be short of debates on passive income vs capital gain.  No absolutely right or wrong method.

I like both but treat them differently. My income from stock dividend just forms part of the minimum sum of Yearly Earning Goal.

Yearly Earning Goal = Stock Dividends + Capital Gains

I split my portfolio into two parts:

Passive Investing: Passive Income from stock dividends
Active Investing:  Active Income from capital gains.

Passive Income forms part of the safety net if I fail to make Active Income from capital gain in any year.

In good times, the bigger part of the yearly earning goal will come from capital gains due to compounding effects after each successful trade.

Here is the case study and let do the maths.

Let say I have $10K for each set of Capital 1 -5.

If I focus on all passive income strategy and invested all five sets of capital into 10% dividend yield REIT or high yield non trade-able stocks. I then re-invested the dividends. At most, I can expect the total return is up to 15% in one year.

Instead of all passive income strategy, I have included capital gains strategy too and re-cycle one set of capital at a time and slowly into the stock market.

"Buy slowly. Sell slowly." - CreateWealth8888

During good times, the return from each capital will be compounded at every successful trade; but not all sets of capital will be compounded at the same rate, some will out perform others.

The total returns from Active Income will be far better than Passive Income during good times. Since good times will never last long and we must learn to realize it and seize the opportunities when presented and then move on.

See the compounded returns in the below table:

DBS - Last min panic button hit by BBs.


More panic selling next week?
Maybe Mr market is asking me to accumulate a little more at $13.6x with dividend around 4%

Friday, 19 March 2010

Keppel in joint venture to build, operate new shipyard in Azerbaijan

SINGAPORE: Conglomerate Keppel Corp has formed a joint venture to build and operate a new shipyard in Azerbaijan.


It partners are State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC).

The partners will develop and manage a new 52-hectare shipbuilding and ship-repair facility in Baku, the capital of Azerbaijan. They are investing a total of US$386 million into the SOCAR-Keppel Shipyard, which will be developed over a two- to three-year period.

Keppel's Offshore & Marine (O&M) arm will have a 10 per cent share of the yard, SOCAR will have 65 per cent share, while AIC will hold 25 per cent share.

Keppel O&M will manage and operate the yard, and will have the option to acquire another 10 per cent stake in the next three years.

The new yard is designed to build a variety of vessels ranging from offshore support vessels to tankers, as well as ship repair and conversion.

Speaking at the yard's groundbreaking ceremony in Azerbaijan, Singapore's Foreign Affairs Minister George Yeo, said, "A new chapter has opened in our bilateral relationship. There is great potential for the strengthening of economic and other ties.

"The oil and gas sector is an obvious area of greater cooperation. Although Singapore has no oil or gas, we have a strong chemicals and maritime support cluster, with many Singapore-based companies supporting the operation of large oil and gas companies. The development of this new SOCAR-Keppel shipyard supports the oil strategy promulgated by President Heydar Aliyev."

Keppel said the joint venture is not expected to have material impact on its net tangible assets or earnings per share for the current financial year.

---------------------------------------

Createwealth8888:

So far Keppel corp has been very successful in executing their Near Market, Near Customer strategy. Positive news. Future growth potential

Olam - No follow up buying from BBs?

One night stand affair?

You Can Lose Money But Don't Lose Your Confidence Too

If you have lost lots of money in the stock market, you are not alone. Me too and many more.

There are two types of losers:

1. Lose money and lose confidence in the stock market and forever stay away from the stock market.They never make it!

2. Lose money but never lose confidence. They did serious soul searching on why they are losing money in the stock market while seeing "others" making money. "Others" mean real investors or traders and not those "gurus" selling commercial methods or system shouting how they make money easily.

Value Investing Or Active Investing? - Part 2

Thursday, 18 March 2010

NUS, NTU & SMU raise fees to better reflect citizenship privileges & responsibilities

More money needed for your kids' Uni education fund liao. You either save more or do better in your investment returns.

Nest Egg For Children's University Education


SINGAPORE: All three Singapore public universities are raising tuition fees for the incoming cohort of students.

The increase will also be sharper for permanent residents and foreign students in line with the government's policy of reflecting the responsibilities and privileges of citizenship.

Singapore Management University (SMU) said fees for all undergraduate programmes will be adjusted by three per cent for the incoming cohort.

All undergraduate programmes except for Law will cost S$9,890 a year. Law will cost S$10,920 a year.

The tuition fees will remain unchanged for the four years of their university studies.

Tuition fees paid by Singaporean undergraduates at National University of Singapore will go up by four per cent for the incoming cohort, except for Architecture, Business, Law and Pharmacy.

Tuition fees for Architecture and Business will go up by seven per cent.

Fees for Law and Pharmacy will increase by 10 per cent.

Fees for the incoming intake of students for postgraduate courses at NUS will be adjusted upwards by four per cent.

And they will be increased by three per cent each year for the remaining duration of the course.

Incoming NUS undergrads who are PRs will pay between S$720 and S$2,810 more for their courses.

Fees for foreign students admitted into NUS this year will increase by between S$800 and S$3,120.

Over at Nanyang Technological University, fees for non business programmes are S$6,890 for Singapore Citizens, S$8,270 for Permanent Residents and S$11,030 for foreign students.

For the business programme, the fees are S$7,490 for Singapore Citizens, S$8,990 for PRs and S$11,990 for foreign students.

Returning National Servicemen will continue to enjoy tuition fees based on the year they were offered a place.

The fee revision does not affect current cohorts at the three universities.

Like NUS, NTU will also lift the one-year fee revision deferment that last year's cohort has enjoyed.

They'll implement the fees for them in accordance with the schedule that was announced to them last year.

The three universities have given the assurance that no Singaporean will be deprived of a varsity education for financial reasons.

They have various schemes for needy students

Olam will be added into S-Network ITG Agriculture Index(SM)

S-Network ITG Agriculture Index(SM)

Olam International Ltd (TICKER: OLAM SP) will be added into S-Network ITG Agriculture Index(SM) effective 6:00 PM (EDT) Sunday, March 21, 2010

We may see more support for Olam coming from global fund managers tracking this index. Is that the reason for today sudden surge in volume. If the supply can remain limited, Olam will be able to catch up with Noble.


Olam all time high is $4.10

Symmetrical Triangle breakout in high volume today?


Wednesday, 17 March 2010

When will the Bear or Bull Strike?


Don't worry. Either one of them will strike sooner than expected. We just need to prepare ourselves for Bull or Bear to strike.

When the Bull strikes you have stocks to take profit and laughing to the bank.

When the Bear strikes you happily open up your wallet to stock up.

Why worry?

妻子寫給婆婆的一封信

Author: Unknown (Scroll right down for Google's translated English version))

評語:這已是新一代人的觀念,老人家得學著去適應,否則,不堪--- --- ---

妻子寫給婆婆的一封信 ( 內容火爆, 請做老公的小心)

是媳婦寫給婆婆的一封信( 真猛=..=' ) 一定要看完喔~ 尤其是做人媳婦的和做人老 公的更是要看喔~~~ 最重要的是將來會當人婆婆的人更是一定要看的哦~~~呵~

我一直在想,<妳>對我到底有什麼意義?

你只不過是我丈夫的母親,在結婚之前,你在我的生命中根本沒有任何意義。

我的生命來自我的父母,今天的學歷、能力、教養、待人處世之道理,都是來自我父母的承傳,沒有任何一分一毫是由你來貢獻。

所以我不懂,為何一結婚之後,我活了二十多年的歲月全部必須歸零,然後變成> > >所謂「你家」的人,又變成你家「最小」的人。說「最小」是因為我在「你家」的 地位始終比我今年才2歲的兒子小。說真的,我心理很不平衡。

我的父母養育了我二十多年,而你是撿他們辛苦二十多年的結晶,根本來說~你是不勞而獲、撿現成的。所以我在幫你做事情時,你得感謝我的父母以及我的勞力付出。

如果你不感激那就算了,你不應該還對我有極大的意見,對我做的事情總是拿著放大 鏡來挑剔------雞蛋裡面挑骨頭。這簡直是得了便宜還賣乖。

我白天有自己的工作,經濟一向獨立,所以我根本不必依靠你的兒子,也還沒有靠過 你兒子的薪水過活過。而且我今天有謀生的能力,是仰賴我父母給我的教育,以及我 自己的不斷學習成長的能力。

所以我不能忍受我賺的錢好像理所當然必須貢獻給「你家」,然後我花我自己賺的 錢,都還要看看你的臉色,豈有此理!我又沒欠你,也不需要你養,更沒拿過你一毛錢,我可以尊重你的意見,但是不能讓你做主。

所以我現在要跟你開誠佈公的講清楚說明白:電費是我在支付,所以酷暑的炎夏我開 冷氣睡覺你不准有意見,隔天要上班的是我,睡眠品質對我而言很重要。還有「佛要 金裝、人要衣裝」我要買幾套衣服、鞋子都是我的事情,請你一定要記住,這些都是我自己賺的錢。

花錢的準則上面我自己有分寸,你要管就去管你兒子的錢,我用我能力勞力賺去的 錢,實在不想還要看你的臉色。而且,你不要老是以為你的兒子多棒,如果沒有我也出去工作,你以為你去年可以去大陸旅遊二星期嗎?哪來的錢?

我常常在想,你對我其實真的沒有任何意義,如果你對我有任何形式上的意義,你只不過是我丈夫的母親,你所有的恩情功勞都在他身上,要回報你的也是他,相同的能叫我回報的也只有我的父母親,如果今天我的父母也這樣挑剔你的兒子,你心理又會舒服嗎?你的兒子又能達到他們多少的要求?

所以~~以後你想吃水果,請叫你兒子切給你吃,因為這才是他應該做的。衣服也請你兒子洗,畢竟你也幫他洗了二十幾年的衣服(我連一雙襪子都沒有麻煩過你)。

要去看醫生,請他提早下班帶你去...我不想老是被扣全勤的費用,而且,我感冒時,你還會對我冷言冷語~笑我身體差,因此,你生病時,我沒有辦法提起太多的同理心。言而總之,他孝順你是應該的,而我,要把我的孝心回饋給生我育我的父母親。

如果要我幫你做,那麼你至少得閉上那張挑剔的嘴巴,然後心存感激,因為我沒有欠你,幫你做,是因為看在妳是我丈夫的母親份上,僅僅是這樣而已,要不是他是我丈夫,妳以為你會有這個榮幸嗎?而且,妳也得多看看新聞,現在都已經是「家務勞給」的年代,妳既然沒有支付我薪水,我幫妳做家務事,你就要偷笑了!

最後,我寫這封信給妳,妳一定會覺得我大逆不道,但是人與人之間是互相尊重的,我對妳便是以這樣的基礎去相處,如果妳不能夠同樣尊重我的感受,就算我會看在你是長輩的份上退讓幾分,但是我還是要把底限說清楚。

妳會說「做人的媳婦要知道理」,但是我要在這邊反駁你~~我從來就不是你養大的,我更沒有欠妳,而對你我已經發揮最大的容忍與尊重,其他需要學習的地方是在你這邊

婆婆,尊重別人也尊重你自己!!~~~~~呼! 終於吐出來囉~ 真舒服~~~

Translated by Google:

Comments: This is the concept of a new generation of people, the elderly must learn to adapt, or else bear


His wife wrote a letter to her mother-in-law (the contents is hot, husband take note)

Is the wife a letter addressed to her mother (true Meng =..=') must be read Oh ~ in particular, a man's wife and a man old

The more the public is to see oh ~ ~ ~ The most important thing is the future when someone's grandmother who is must-see oh ~ ~ ~ Oh ~

I have been thinking, "Ni" What is the significance for me in the end?

You just my husband's mother, before they get married, you in my life would make no sense.

My life comes from my parents, today's academic qualifications, abilities, education, the reason Dairenchushi are from my father Mother's heritage, there is no one single cent from you to contribute.

So I do not understand why a marriage, I lived 20 years or all must be zero, and then a ""
"The so-called" Your "person, but also into your home" minimum "people. Said the "minimum" because I am "your home" Position has never been better than I was 2 year old son. Honestly, my mind is very uneven.

My parents raise me 20 years, and you are picking up their hard-crystallization of 20 years, there is ~ you do not.

Labor and was, pick ready-made. So I help you do things, you have to thank my parents and my labor to pay.

Appreciate it if you do not forget, you should not also I have great opinions on the things I do is always olding to enlarge ----- Mirror to find fault with an egg inside the bones. This is simply cheaper also Maiguai won.

My own work during the day, the economy has always been independent, so I do not have to depend on your son, not yet rely on off your son's salary to live off. And I have the ability to make a living today, is dependent on my parents gave me education, and Their ability to continue to grow and learn.

So I can not stand it seems a matter of course I need to contribute money they earned to the "your home" and then I spent my own earned Money, all we have to see your face, outrageous! I never owe you, do not require you to raise, and have no one He holds your hair Money, I can respect your opinion, but can not let you call the shots.

So I am now speaking with thee openly indicating clearly: Electricity is my pay, so heat of the summer I open air-conditioning to sleep you are not allowed to have any comments, the next day to go to work is that I sleep quality is very important to me. There are the "Buddha to be Gold, who tailor makes the man, "I want to buy several sets of clothes, shoes are my thing, you have to remember that these are the Earns my own.

Guidelines for spending money I measured the top, you have to control the money went to control your son, I use my ability to make a go of labor Money, and really do not want to depend on your face. Also, you do not always think of your son, more rods, if not I would Out to work, do you think you can go to last two weeks traveling to the mainland do? But where's the money?

I often think, you tell me, I really do not have any sense to me if you have any formal sense, you can only But my husband's mother credit for all your kindness in him, to reward you is his, the same can be Told me to return, only my parents, if my parents to do today, demanding your son, your mental will comfortable? Your son can meet their requirements of how much?

So ~ ~ after you eat fruit, please call your son-cut to give you to eat, because that is where he should do. Clothes, even if you are Son wash, after all, you had 20 years to help him wash clothes (I do not have trouble with a pair of socks before you).

To see a doctor and ask him to take you from work early ... I do not want to always deducted the cost of less than full time, and, I have a cold, You will be my sarcastic ~ laugh at me physically weak and, therefore, you are sick, I can not mention too much on the same Li Xin. Words and short, he filial you should, but I take my filial piety passed on to my parents with me sterile Pro.

If you want me to help you do that, then at least shut your mouth goes on picky, then grateful, because I do not owe You, help you to do, because you will be the look in my husband's mother's sake, just like nothing, but for he is my husband Fu, You think you will have the honor to do? And much more Why do not you take a look at news, and now have a "domestic labor To "age, You did not pay my salary since I 帮 妳 to do chores, you're lucky that the!

Finally, I am writing this letter to Ni, You would think I am outrageous, but it is a mutual respect between people , And I Ni is such a foundation on which to live, if you care about can not have respect for my feelings, even if I will see In you are an older relative's sake concessions somewhat, but I still want to bottom line is clear.

Ni would say, "a man's wife to know reasons," but I want to refute you here ~ ~ I have never not you raise big , And I do not owe Ni, while for you I've played with the utmost tolerance and respect for other places to learn in You are here.

Mother, respect for others and respect yourself !!~~~~~ call! Finally spit it out La ~ really comfortable ~ ~ ~

3 Ms of Trading – Mind, Method and Money - Part 2

3 Ms of Trading – Mind, Method and Money

Mind

Your Mind plays the most important role between You and the Market and determine whether you win or lose money in the market.


Method and Money Management

Method and Money Management are just tools. It doesn't mean that you need complex tools to make money from the market. It is those who sells tools for a living made you believe so. Similarly, you also don't need to spend days and days of digging up every possible pieces of facts and figures to analyze and justify your decisions.

Long Term Investing and Your Mind
 
What is Long-Term Investing?
 
Learn to train your mind properly and don't ever corrupt your mind by calling losing positions as long term holding when you didn't intend to hold at all.

Tuesday, 16 March 2010

Do You Work On Your Birthday?

Do you take leave on your birthday to rest and relax on this day?

If you don't, it is better to take leave this birthday or from your next birthday onwards.

The reason is very simple. Your birthday was your mother's Labor Day. She labored hard to give birth to you and she also wanted you to have a good life and not a hard life. So disappoint your mother and have a good life on this day.

If you choose to work on your birthday, you are saying to yourself that you are born to work in your life. The choice is yours. LOL!

Monday, 15 March 2010

Kep Corp - Sold $8.89, ROC 10.6%

Hope to gather more feathers for a thicker foldable mattress soon ...

Round 92: ROC 10.6%, 166 days, B $7.98 S $8.89

Sunday, 14 March 2010

Work Smarter And Not Harder

Many years ago, one day my manager told us at the department meeting: "Work smarter and not harder!" He explained using the example of farmers in Indonesia and US.

The farmers in Indonesia worked very hard in the plowing the field using buffaloes while the farmers in US worked smarter and not harder by using tractors.


Farmer in Indonesia

Farmer in US

The farmers in US earned more by working smarter and not harder by using better tools and methods.

Likewise in investing. Are you working too hard like the farmers in Indonesia? Spending days and days plowing the financial data field using buffaloes?



Saturday, 13 March 2010

Can We Really Make Some Coffee Money From Active Investing?

2009 Year End Performance Review

Statistics Every Writer Should Know  <--- If you want to understand mean, median, stdev etc

Active Investing Performance

Since 1 Nov 08

1. ROC from 3.1% to 34.3% (I don't use stop loss so no negative ROC. Never blindly use no stop loss)
2. Holding Days from 1 to 329 days (some sins committed in 2008 were cleaned up so longer days)
3. Mean ROC: 11.2%
4. Median ROC: 8.6%
5. STDev: 7.8%
6. Mean Holding Days: 58.2

Going forward, the days of high double digit ROC are likely to be over. I will be happy to get high single digit ROC.

Your Mind plays the most important role between You and the Market and determine whether you win or lose money in the market.

Method and Money Management are just tools.  It doesn't mean that you need complex tools to make money from the market. It is those who sells tools for a living made you believe so. Similarly, you also don't need to spend days and days of digging up every possible pieces of facts and figures to analyze and justify your decisions.

Mind, Method and Money

TA - Always Two Sides To Every Technical Decision - Part 2

Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing."

What Will Benjamin Graham Say Today? - Part 2

"Buy slowly. Sell slowly" - CreateWealth8888

Thursday, 11 March 2010

Buy And Hold - Is this the best use of limited capital?

The Compound Magic Of Stock Transaction Timing - Part 2

Buy and hold and wait for months or a year to collect stock dividends.

Is this the best use of your limited capital?

Let me share how I re-cycle my limited capital for the past one year:

Wednesday, 10 March 2010

NOL - Is the worst over?

Probability?

What is the probability of striking 4D?

Answer = 50-50
You either strike or don't.

Same as stock after you have bougth it. It is 50-50. Either move up or move down.

Tuesday, 9 March 2010

Entry And Exit That Matters!

I realize most of us have more or less the same counters in our watch-list and the difference in portfolio performance lies in the Entry and Exit points.

How do you determine your Entry and Exit points?

Does simple TA using Support and Resistance, Trend lines work and be profitable? Why not?


"However beautiful the strategy, you should occasionally look at the results." - Winston Churchill

Who Moves My Market? - Part 5

Monday, 8 March 2010

Avoiding costly investment mistakes

Investors must be aware of confirmation bias - the tendency to seek information that fits their perspective of things


By Philip Loh
Great Eastern Life

CONFIRMATION bias can be costly for investors. Last March was an opportune time to enter the market, but many failed to do so. In hindsight, most investors now realise that they had a 'once-in-a-generation' buying opportunity then.

Supposedly savvy investors, when asked why they did not invest more last March or were holding a disproportionate amount of cash then, will most probably say they did recognise the opportunity but did not invest more due to personal reasons that have nothing to do with their market acumen. They may even cite feeble excuses such as their 'significant other' was holding them back, etc.

The truth is we are always seeking information that fits our perspective of things. If I start out with the hypothesis that 'buy-and-hold' is the best investment strategy, I will strive to find evidence to support this notion, while at the same time ignoring the evidence against it. This is called 'confirmation bias'. Consequently, when faced with a choice between changing my mind and proving there is no need to do so, I will probably find myself doing the latter.

To illustrate how self-confirmation bias can lead to costly investment errors, let us assume I wake up one morning thinking I should buy commodity-related investments on the basis that since commodities are finite resources, their value will rise due to scarcity, and they are therefore worth investing in. To reassure myself that I made the right choice, I Google the topic and find search results that support my view. These information sources may have predicted that the price of crude oil will go up to $200 per barrel, while that of gold will head towards $3,000 per ounce.

If I start out with the hypothesis that 'buy-and-hold' is the best investment strategy, I will strive to find evidence to support this notion, while at the same time ignoring the evidence against it.

To further boost my confidence, I start calculating to see how much I can make if these predictions come true. And the more I read about it, the more it makes perfect sense to me. So the next day, I call my broker up to instruct him to buy all the commodity-themed stocks listed on the exchange and invest with leverage in some commodity futures as well.

In actual fact, the factors affecting commodity prices are extremely complicated. Short-term commodity prices are linked more to market sentiment than actual demand and supply. And what bears repeating is the fact that the market is always in equilibrium with an equal number of buyers and sellers.

The key question we should ask ourselves, therefore, is that if something is worth buying, who are the people doing the selling and what are they really thinking? Are they wrong in their reasoning? It may be at this point that we will realise that we do not know what the sellers are thinking in the first place.

In fact, in this age of Google, anyone with time to spare can find sufficient information on the Internet to support any viewpoint, including absurd notions like Adolf Hitler and Joseph Stalin were admirable heroes. So whenever I find myself compelled to make an important investment based on what seems like overwhelmingly strong evidence, I first calculate the maximum financial loss I will incur if my assessment is wrong. This risk management exercise will at least help me to pare my bet to an amount I can stomach.

Another interesting belief that investors tend to blindly affirm without any sound proof nowadays is the notion that investing in emerging countries like China and India will reward them with better dividends than doing so in more developed economies. This is despite many academic studies showing there is no positive correlation between GDP growth and stockmarket returns. If anything, the correlation is slightly negative. The truth of the matter is that we should not buy shares based on statistical constructs like GDP. In fact, when we buy shares of immature companies in emerging economies, there is a high chance that many of these companies may actually end up becoming victims of the pursuit of profit.

Let us take the case of Japan for example. In the 1950s, when there were more than 100 motorcycle companies there, Tohatsu was the market leader. But it was eventually driven out of business by an up-and-coming company called Honda. So while there is no doubt that China will continue to prosper in the coming years, can we be sure that those Chinese companies listed on the Singapore stock exchange are going to be the eventual winners in a cut-throat market like mainland China?

It is therefore important to note that the inability to differentiate between causation and correlation can lead us to wrongly conclude that we are in control when we are not. To prevent ourselves from making such a fallacious inference, we must first be aware of the brain's tendency to find patterns and react accordingly. More importantly, we should be careful to avoid taking the wrong inferential leap to conclude that we are in control when our move proves to be correct, when there may in fact be no connection between our reasoning and our bet being proven right.

So the next time you are faced with seemingly convincing reasons to make an investment decision, it will be prudent to come up with some reasons why you should not take the plunge, or at least consider the possibility of deferring the decision to a later time. This may just save you from making a costly mistake for which you will greatly regret.

-----------------

Noble - Sold $3.37, ROC 10.1%

Hope to gather more feathers for a thin, foldable mattress soon ...

Round 11: ROC 10.1%, 45 days, B $3.04 S $3.37

Round 10: ROC 6.5%, 20 days, B $3.07 S $3.29 (Bought back higher)
Round 9: ROC 5.7%, 74 days, B $1.71 S $1.82 (Bought back higher)
Round 8: ROC 34.3%, 100 days, B $0.96 S $1.30
Round 7: ROC 5.7%, 10 days, B $1.02 S $1.09
Round 6: ROC 3.8%, 1 day, B $1.01 S $1.06
Round 5: ROC 12%, 27 days, B $0.965 S $1.08, (2nd Half)
Round 4: ROC 14%, 8 days, B $0.965 S $1.11, (1st Half) - Bought back higher
Round 3: ROC 7.1%, 8 days, B $0.830 S $0.895
Round 2: ROC 31.6%, 20 days, B $0.800 S $1.05
Round 1: ROC 16.3%, 28 days, B $0.910 S $1.08

Macau: Getting Around Without Paying Bus or Taxi fare

World's Biggest Casino

You can get around easily in Macau and even cross over to China's Zhu Hai to shop until dropping dead without paying a single cent for bus or taxi fare.

Major casinos and hotels provide free shuttle bus services to the Ferry Terminal. Use the Ferry Terminal as connecting point to get near to other places of interests and then walk there and less than 5-10 minutes of walking distance.

STI - Rebounding?

Sunday, 7 March 2010

Doing The Smart Thing Is Not Always The Profitable Thing

"Sometimes, doing the smart thing is not always the profitable thing. On the flip side, making a profitable move is not always the smart decision" -

This is especially true in investing when you think you make the smart decision to buy the stock; but its stock price hardly move.

Saturday, 6 March 2010

The Best Gift To Your Child



Your insurance agent told you that the best gift to give to your children to buy a Child Policy while it is cheap and let them takeover the premiums payment when they start working.

No, No, No!

The best gift to give to your children is not Child policy but to start planning for your own retirement fund as soon as possible and accumulate enough retirement fund to see yourself through the last day of Hotel Earth.



Read? Parents can be an Asset or Liability to the children?


 Read? Tips On Child Life Insurance - Part 4

Market Always Learn To Be Right!

Stock Market is one of those Complex adaptive systems



Complex adaptive systems are special cases of complex systems. They are complex in that they are diverse and made up of multiple interconnected elements and adaptive in that they have the capacity to change and learn from experience. Simply, it means the Stock Market has a mind of its own.
 
When Market learn that she is wrong; she will quickly change and move in the right direction - Up or Down. She will continue in the same direction until she learn she is wrong and change again.
 
In simple term, Market always learn to be right. If you think the Market is not right, the problem lies with you.

Friday, 5 March 2010

Give Up The Idea Of Doing It Perfectly

"The fastest way to break the cycle of perfectionism and become ... fearless ... is to give up the idea of doing it perfectly - indeed to embrace uncertainty and imperfection." - Arianna Huffington

In investing or trading, do you really need to perfect your skills in fundmental analysis or technical analysis in order to make some money from the market?

Thursday, 4 March 2010

Be Far Better At Selling Than At Buying? - Revisit

Be Far Better At Selling Than At Buying?

Learn how to take some profit off the table by doing partial sales when the market starts throwing $$$ at you. It is better to regret with some money in the pocket than feeling sorry with ...

Work for money? Forget it. - Revisit

Read? Work for money? Forget it.



Work for money and you get paid.
Want more money. Work harder!


A better approach to Money without putting in more and more effort
Grow Money Tree and enjoy the fruits of your labour!

SML - Sold $3.89, ROC 5.1%

Stuff even more feathers into the pillow stock ...


Round 40: ROC 5.1%, 48 days, B $3.67 S $3.89


Round 39: ROC 8.8%, 34 days, B $3.47 S $3.80
Round 38: ROC 21.1%, 217 days, B $3.07 S $3.74
Round 37: ROC 17.9%, 29 days, B $1.61 S $1.92

Wednesday, 3 March 2010

STI - still OK?


Who will win?

Can Use Medisave?

Before you ask the hospital receptionist, can I use medisave?

Do you have plenty of  idle cash sitting in the bank accounts giving you returns like 1-2%?

So are you interest-wise to trade off 4% return on CPF MA to pay part of the medical bills instead of using all cash payment from your pocket?

Tuesday, 2 March 2010

What Will Benjamin Graham Say Today? - Part 2

What Will Benjamin Graham Say Today?

Many investors have read his book and become followers of his teaching.  How many value investors are aware of what he said?

"I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities." - Benjamin Graham

You have to give Graham the greatest respect for his courage to admit it.

Monday, 1 March 2010

High Dividend Yield Stocks? - Part 2

High Dividend Yield Stocks?

How does the high yield came about?

1. The high yield came from the company paying 90% of its earning as stock dividends. With little retained earning, it is harder for the company to grow itself using internal resources.

2. The high yield came from the company paying out less than 60% of its earning as stock dividends. The company has retained some of its earning either as financial cushions or building up its internal resources for its future growth.

Do you prefer 1 or 2?

Semb Corp: Sold $3.83 ROC 9.6%

Hope to gather more feathers for a bigger pillow soon ...

Round 51: ROC 9.6%, 34 days, B $3.47 S $3.83 (Bought back higher)

Round 50: ROC 3.1%, 6 days, B $3.22 S $3.34
Round 49: ROC 7.9%, 91 day, B $3.14 S $3.41

SML - Sold $3.80, ROC 8.8%

Stuff even more feathers into the pillow stock ...


Round 39: ROC 8.8%, 34 days, B $3.47 S $3.80

Round 38: ROC 21.1%, 217 days, B $3.07 S $3.74
Round 37: ROC 17.9%, 29 days, B $1.61 S $1.92

Show Us The Money?

Eight immortals crossing the sea, each obviously its energy

Investors or traders are like one of the immortals crossing the sea, each obviously its energy.They obviously don't use the same weapon and have their own skills to cross the river.

Just throw out your magic weapons into the sky and let mortals see them clearly by blogging the actual purchase and sale transactions online.

Let people have a chance to observe which magic to be learn and apply it successfully and make money from it.

Or like

Zebra crossing the river

But, at the end of the day just show us the money - net ROC in number of days.

"However beautiful the strategy, you should occasionally look at the results." - Winston Churchill
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