I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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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

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Wednesday, 5 July 2017

1997 Asian Financial Crisis: 20 years on


You don't think it is necessary to think and plan ahead financially. May be you haven't live through real hard time of your life yet.

 GFC was no where near the suffering of retail investors in AFC where Government hasn't learnt the hard lesson to ring fence retail investors from their Greed. CPFIS fund all hooted tua tua into the stock market. Why gave chance?

 Read? Don't Laugh At Ants When They Looked Far Ahead Of Their Time


Posted by Createwealth8888 at 08:45
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5 comments:

  1. Spur5 July 2017 at 10:15:00 GMT+8

    AFC for us (East Asia & SE Asia) is basically similar impact as GFC for US & Europe.

    Actually if not for QE 1, 2, 3, 4 by Fed, BOJ, PBOC, ECB, BOE all of us, both East & West, will be suffering worse than AFC now.

    I remember condo prices dropped by as much as 50% from 1996 to 1998. Sama sama also for certain expensive HDB e.g. Bishan, Toa Payoh, Marine Parade. Imagine $600K Bishan HDB in 1996 drop to $300K in 1998 also nobody want to buy (or got job to buy).

    Too many SMEs up lorry; highly leveraged biz men surrender; too many joes & janes lost jobs, cannot service mortgages. Banks had a field day auctioning all the confiscated properties --- but still cannot cover loans as the properties let go for a song.

    Keppel & Tat Lee banks had to merge to survive, and still not enough --- had to seek capital injection from Irish banks in 1999.

    In 1997 we still had 7 local retail banks in Singapore. The combination of AFC & Dot.com Bust resulted in consolidation of 7 into now 3 banks for survival.

    But those who were cash-rich or in civil service jobs had it good during those years! :) :)

    ReplyDelete
  2. Singapore Man of Leisure5 July 2017 at 10:43:00 GMT+8

    CW,

    I wonder if everything is random or just plain dumb luck...

    https://www.bloomberg.com/news/articles/2017-07-04/two-decades-after-crisis-these-3-asia-markets-are-still-down


    Buy-and-hold and passive indexing will be a much harder sell to Japanese, Taiwanese, and Thai investors?

    You mean there are no "ants" in the above countries that looked far ahead of their time?


    Or maybe your goal based strategy was all about being in a government-linked company that never retrenched you?

    If out if job how to pick up 10 baggers in 2003?


    Now that we BOTH are out of job, the next big one will be our litmus test ;)


    ReplyDelete
  3. Spur6 July 2017 at 15:23:00 GMT+8

    I know some of us *cough* *cough* oldies *cough* are fans of Peter Lynch ... kekekeke!

    Below is a link to a recent short interview with him by Institutional Investor magazine...

    http://players.brightcove.net/788927399001/r1x5YNbfbg_default/index.html?videoId=5418092573001

    What was one of his worst investments, why he quit managing money for people...

    ReplyDelete
    Replies
    1. Createwealth88886 July 2017 at 18:38:00 GMT+8

      I can't remember seeing any "Gurus" teaching investing method like Peter Lych. If you have seen it; put the link here. :-)

      Delete
    2. Spur6 July 2017 at 20:31:00 GMT+8

      Hey, plenty on YouTube ... can watch until siao...

      https://www.youtube.com/results?search_query=peter+lynch+investing

      How to pick stocks...

      25 golden rules of investing...

      Bottom fishing...

      Investment strategies for the public...

      Most important thing when buying stocks...

      Delete

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