Investment Talk

[Don Juan]

Hindsight is always 20-20. If you buy now and it goes down further, you'll kick yourself for buying too early. If you don't buy now and it goes up and never goes down, you'll kick yourself for missing the boat.

 

For small fries like myself, I've realized it's useless to do any sort of analysis. Just think of yourself as a coconut bobbing on the waves. You'll be carried wherever the BBs carry you to.

 

 

Yes Nhyone, you are right. There is always the what if i buy, what if i didn't buy thought in your head.

 

When i first bought my first few shares, i just kept the shares with me and didn't sell it away. I just kept it and waited for the dividend pay out. It was something i did which couldn't make my money "grow" as fast as i wanted to. When the market went up, i carry the "baby" up with me and when the market went down, i carry the "baby" down with me.

 

After a few rounds i decided to change my strategy, i treat myself as a trader, a trader buying and selling goods. To buy cheap shares and sell it at a higher price. Key point is not to grow "affectionate" to the shares. For me, this is how i earn my money faster. Having a capital of 20k-50k to play around should be enough. But looking at current market crises, the part about selling any particular counter at a higher price quick doesn't seem very feasible at this point of time.

 

Just my point of view at how i look at things. Cheers & Regards.

[cantopop]

We're in the midst of finanical tsunami.

 

Never test the water with both feet.

 

Out of the market till the tides goes out.

[Don Juan]

I adopt the 60-30-10 concept. 60% of my cash is in stocks, 30% hard cash in my savings (in case of rainy days), 10% in other investments.

 

But after i got my bike, the 30% in my savings seems to be shrinking

[Throttle]

I adopt the 60-30-10 concept. 60% of my cash is in stocks, 30% hard cash in my savings (in case of rainy days), 10% in other investments.

 

But after i got my bike, the 30% in my savings seems to be shrinking

 

60% in stocks is pretty high risk, DJ.

not saying it's wrong becos there's no right or wrong, just individual

 

For me:-

25 - 30% in stocks

30- 35% in bonds

remaining 35%-40% in cash

 

cheers

[xiaowang]

FYI, my heart goes out to those who holds ferrochina shares. What a disaster it has become!!! It shall hit sg mkt hard tommorrow.

[Don Juan]

60% in stocks is pretty high risk, DJ.

not saying it's wrong becos there's no right or wrong, just individual

 

For me:-

25 - 30% in stocks

30- 35% in bonds

remaining 35%-40% in cash

 

cheers

 

 

Hmm.... i guess its up to individual and how much liabilities you are having. Age also plays a part i guess. Currently, i only need to take care of myself and everything i own is fully paid (no installments = no liabilities). I'm saving up to buy my own home, so really need my money to work hard for me. My low paying job also doesn't help. I kinda agree that 60% is a bit on the high side but beats putting it in the saving account right?

 

Being 30 this year, if anything cocks up (like current situation), i still have time on my side to sit on it and wait....

 

On the bright side my favourite counter just dipped to $3.50 today. So tempted but yet so fickle to jump in.... if only i have fortune telling skills.... Ha ha.

[GuiNNeSS]

wilmar goes up by 20% today.. made some profit from it.. sometime alittle of inside info is gd provided you know the boss.. haha

 

for me 30% in stock, 30% in mid risk investment, and 30% in bonds and cash

 

saving for buying house also

 

1st house get a cheap 4 rm HDB best choice?

[Don Juan]

wilmar goes up by 20% today.. made some profit from it.. sometime alittle of inside info is gd provided you know the boss.. haha

 

for me 30% in stock, 30% in mid risk investment, and 30% in bonds and cash

 

saving for buying house also

 

1st house get a cheap 4 rm HDB best choice?

 

 

Wilmar is a good stock. Singapore remiser king's favourite. My favourite counter has just dropped to $3.35. I'm just waiting to pounce.... today's news and last few days hearsay, Singapore on it's way to recession....

[Throttle]

FYI, my heart goes out to those who holds ferrochina shares. What a disaster it has become!!! It shall hit sg mkt hard tommorrow.

 

Everything is hit, my friend.

[GuiNNeSS]

the worse had yet to come.. expect to see a slight rebounce at 1900pts on SGX index, one more chance to recup come losses.. 2% - 5% maybe?

 

let's see monday's market movement.. ha, getting more interesting

[Don Juan]

Today my favourite stock dropped to $3.12.... luckily didn't go in at $3.50 yesterday, not the whole weekend cannot sleep.

 

My F&N also taking a hell of a beating..... even the chairman with his influence also can't help.... looks like the cosmetic upgrade to my bike have to be put on hold already....

[Throttle]

dont go in but stand firm if you have real holding power.

 

Those who didnt go in and have real holding power and go in cautiously.

 

this crisis is going to make millionaires become poor and poor become millionaires.

[GuiNNeSS]

this crisis is going to make millionaires become poor and poor become millionaires.

 

I like tat, poor becomes millionaires... sg got 15% - 20% of millionaires already, in term of assets of course.

 

There are room for more.

[Don Juan]

dont go in but stand firm if you have real holding power.

 

Those who didnt go in and have real holding power and go in cautiously.

 

this crisis is going to make millionaires become poor and poor become millionaires.

 

 

I have some holding power and youth on my side, but my savings going to be quite low if i jump in to buy this counter. I hope i can make double what i put in.... damn it, year end coming, hope i have enough dividend taxed to offset my income tax. Hope the goverment pays me instead

 

Will monitor cautiously and see if it'll dropped further.... good luck to everybody.

[nhyone]

Today my favourite stock dropped to $3.12.... luckily didn't go in at $3.50 yesterday, not the whole weekend cannot sleep.

Must quote the closing price, not the lowest. Otherwise it can get confusing.

 

I got out of this counter with 30% loss.

[Don Juan]

Must quote the closing price, not the lowest. Otherwise it can get confusing.

 

I got out of this counter with 30% loss.

 

 

Ah.... i think you know which counter i'm talking about. Very good dividend payout. I got about $800 payout every year per lot for the last 3 years. Thought of getting another 2-4 lots. But market is up this morning, let's wait for lunch time, thats when all hell usually break lose....

[Don Juan]

Market rebounded.....

[Throttle]

Ah.... i think you know which counter i'm talking about. Very good dividend payout. I got about $800 payout every year per lot for the last 3 years. Thought of getting another 2-4 lots. But market is up this morning, let's wait for lunch time, thats when all hell usually break lose....

 

wah so good? $800 per lot?

whats the yield? what stock is this?

so good, maybe i'll buy 10 or 15 lots too.

 

aiyoh mkt rebound it's good , dont cry.

even if you missed it, it's ok

[Raven7]

Hi guys,

 

I would like to learn more about investing in Unit Trust/Stock. Is there any information on the web that I can read and learn from?

[cheeko]

http://www.asiaone.com/a1media/business/10Oct08/images/20081018.150651_oct1808_wealthmanager_350.jpg

 

http://www.asiaone.com/Business/News/My%2BMoney/Story/A1Story20081018-94630.html

Wealth managers now Public Enemy No. 1 http://www.asiaone.com/a1media/site/common/blank.gif

 

THEY have been portrayed as the bad and the greedy, the unscrupulous face of the Minibonds crash that caused 10,000 retail investors here up to $500 million in losses.

They are called relationship or wealth managers. Now they are also called many other names, most of which are too rude to print.

Their accusers: Outraged clients who invested in structured products linked to the bankrupt Lehman Brothers Bank.

Wealth managers are deceitful, say retail investors. Incompetent. Exploitative. Greedy.

Even the banks, their own employers, have started investigations against them.

What is their side of the story? Are they indeed the callous villains they've been made out to be, or scapegoats of their employers?

For certain, they are the bitter flavour of the month.

Roy, a 28-year-old wealth manager at DBS, tells of a recent meeting where they were told that one of their wealth managers had received a threat from a client.

'They didn't share the details, but it was serious enough for the bank to tell us that any such threats should be reported to them and they will take the necessary action,' said Roy.

The crisis has brought out the worst in many clients, said the managers. There are many who are taking advantage of the situation by complaining and feigning ignorance.

'Many people feel that if they complain, they will get something in return, somehow,' said Jason, a 35-year-old wealth manager.

'But if they don't complain they won't get anything. So they just complain.

'Even educated people are doing this. It's surprising.'

Investors in products such as Lehman Minibonds and DBS High Notes 5 enjoyed regular interest payouts on their investments, some every quarter.

But now, they have been told to brace themselves for the loss of most of their principle investments.

And when the darts started flying, the target board was hung on the wealth managers. Clients claim they were persuaded by wealth managers into buying the products without being fully informed of the risks involved.

'These people... when they make money, they know a lot,' said Roy. 'When they lose money, suddenly, they do not know a single thing.

Caught in the middle

'I feel caught in the middle. Our job is to help clients make money. When we do, nobody says anything. But when we lose money, everyone pounces on us.

'It's a thankless job. I think any normal person in our position would feel the same way.'

Sharon, a 28-year-old relationship manager, finds it unfair too.

'You cannot just blame the wealth managers without looking at the banks. It's the banks which train them and it's their products the wealth managers are selling.'

But wealth managers are easy targets, Roy said, because they are the clients' first point of contact.

'For my clients, I am DBS. So (if there's) anything they are unhappy (about) with DBS, even if they lose their ATM card, they would come to me,' said Roy.

'And it'll be my fault.'

But with heart-rending stories of retirees losing their life savings making the rounds, do they feel some guilt? Or even bear some responsibility?

Said Jason: 'I don't feel guilty or regretful because nobody could have predicted all this would happen. I just feel pity for the clients.'

He is being bombarded almost daily by irate clients. And his own job is at stake now, because he is under investigation by his bank for the Lehman Brothers Minibonds he sold to clients.

His present salary is now half of the $4,500 he used to earn. His wife, who works as a human resource executive, and their two kids, aged 6 and 8, no longer go out as much as they used to, said Jason.

'You know, everybody is affected by this,' he said. 'Even your bank deposits are not safe.'

(Yesterday, the Government announced that it will guarantee all Singapore bank deposits. See Page 6)

Much of the sense of injustice stems from a perception that wealth managers profited unfairly from the selling of dubious products.

Miss Yip, a 29-year-old relationship manager, admits that it's hard to know where to draw the line.

'You have to learn to put the customer's needs before yours. But it's hard to strike a balance, especially for young and inexperienced wealth managers, because the pressure, from the ranking and quotas within the company, can be quite big,' she said.

'Sometimes, it's also because they don't know the products well so they don't know which ones will suit the clients best. So they just push the most popular products.'

How does she strike a balance?

'We tell clients the cons. But we'll overweigh the pros,' admitted Miss Yip. 'You have to be ethical, but it's also business.'

This article was first published in The New Paper on October 17, 2008.

[Throttle]

Wealth managers?

Plse dont flatter them.

At best, Sales Executive.

 

Anyway, good luck to all.

it's back to the battlefield tomorrow.

[cheeko]

Wealth managers?

Plse dont flatter them.

At best, Sales Executive.

 

Anyway, good luck to all.

it's back to the battlefield tomorrow.

 

i fully agree with u, those IFPA or whatever titles are only salesman. Machiam like bus driver, but call bus captain

[nckoyd]

Hi all

 

Any good shares to recommend currently for short term profit,

still trying to understand mkt sentiment which does not seem very promising

No Risk No Gain

[Throttle]

well, here's a good deal.

 

I have a box of 1997 H Upmann Monarcas up for grabs.

From my personal cigar collection

Selling for about $1000 in the shops.

I sell for $750.

[Don Juan]

OMG! Two of my all time favourite counters, Keppel Corp is below $4 and Semb Corp is below $2. Seems like its getting from bad to worst....

 

Throttle, dude, so jia lat for you until must sell your cigar collection.... sigh