tag:blogger.com,1999:blog-1602023866179666640.post2248725142653248402..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Temasek delivers 13% return for the year; Record net portfolio value of S$275 billion; Up S$111 billion over the decadeCreatewealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1602023866179666640.post-1568469861309797372017-07-12T19:17:18.842+08:002017-07-12T19:17:18.842+08:00How to beat the gurus --- Invest in IPOs!!! Hahaha...How to beat the gurus --- Invest in IPOs!!! Hahahaha!!!<br /><br />Singapore's Top Performing IPO This Year Surged 158%<br />https://www.bloomberg.com/news/articles/2017-07-11/justin-bieber-s-singapore-show-organizer-seeks-china-expansion<br /><br />From Apr to Jul ... PE now 60 ...<br /><br />I'm now waiting for news to report millennials quitting their jobs to day trade ... maybe another 6 more months...Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-15435563186421430872017-07-12T08:29:52.707+08:002017-07-12T08:29:52.707+08:00Thank you, Ray. CorrectedThank you, Ray. CorrectedCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-76703560523050460312017-07-12T07:49:19.564+08:002017-07-12T07:49:19.564+08:00It shows that it getting very difficult to have ex...It shows that it getting very difficult to have extraordinary investment return since the world info and news flow is well connected. Even Buffet also facing the same performance issueCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-2964822884328186372017-07-12T00:08:21.954+08:002017-07-12T00:08:21.954+08:00(1 + r)^24 * (1.06)^20 = (1.15)^44
r = 23.08%
Bes...(1 + r)^24 * (1.06)^20 = (1.15)^44<br />r = 23.08%<br /><br />Besides Temasek's assets (e.g. SIA, S'pore Technologies, Singtel, Singpost, Keppel, SembCorp, PSA, NOL, etc) starting from a very low base ...... they were also initially VERY conservatively valued ... way below their intrinsic values.<br /><br />As Temasek sold tranches to institutions & secondary markets, investors very quickly marked up their valuations to reflect more optimistic projections.Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-57794452537847054812017-07-11T23:46:18.492+08:002017-07-11T23:46:18.492+08:00Hoho Uncle8888!!
Congrats again for beating BOTH ...Hoho Uncle8888!!<br /><br />Congrats again for beating BOTH Temasek & GIC .... Kekekeke!!!!<br /><br />Oh BTW in your 1st sentence ... should be "Up S$89 billion over the decade"<br /><br />$275 - [$275 / (1.04)^10] = $89Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-3303614844422134912017-07-11T22:50:32.166+08:002017-07-11T22:50:32.166+08:00Quick calculation using Excel, it implies that Tem...Quick calculation using Excel, it implies that Temasek's first 24 years' annualized return(1974-1997)is ~22%. Master league. Probably due to SG economy growth faster that period, and Fund size is relatively smaller.Brucehttps://www.blogger.com/profile/13254585464682836163noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-72448033973647003822017-07-11T22:35:21.663+08:002017-07-11T22:35:21.663+08:00Temasek : 44 years (1974 to Mar 2017) is 15%
Temas...Temasek : 44 years (1974 to Mar 2017) is 15%<br />Temasek : 20 years (1974 to Mar 2017) is 6%<br />Temasek : 10 years (1974 to Mar 2017) is 4%<br /><br />wrong date for 10 & 20 yrRayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.com