Strategies of a financial advisor (Sunday Times 24 Jan)
Jan 24, 2010
Strategies of a financial adviser
Options and CPF may offer better returns than stocks and fixed deposits
What do financial advisers do with their own money that most individuals don’t do? I can’t speak for advisers as a group, but I can give you a selection of insights into my own strategies. But bear in mind that these approaches may not be suitable for everyone.
I don’t use fixed deposits
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2010: The Best of Times Or The Worst? (Robert Kiyosaki)
“It was the best of times. It was the worst of times.”
– Charles Dickens
Is the recession over? Are happy days really here again? Paraphrasing Dickens, my answer is, “For people who are prepared, 2010 will be the best of times. For many, 2010 will be the worst of times.”
The following are a few of my predictions and reasons behind them…
Prediction #1: The real estate market will crash again.
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STI headed for major correction around June: DBS (ST 13 Jun)
Jan 13, 2010
STI headed for major correction around June: DBS
But expect another rally in second half of the year, and 15-20% gain at year-end
IF HISTORY repeats itself, Singapore’s stock market will undergo a major correction around June – 16 months after this rally started.
That is according to DBS Bank’s analysts, who have noted that after the last two major recessions, the initial stock market rallies that followed lasted exactly 16 months each.
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Why The Rich Get Richer (Robert Kiyosaki)
Taking Steps To Prepare For The Worst
In Sunday school I was taught the parable of the pharaoh of Egypt and his dream of seven fat cows being eaten by seven skinny cows. Deeply disturbed, the pharaoh sought the interpretation of his dream. A young slave boy interpreted the dream to mean Egypt would have seven years of plenty to be followed by seven years of famine. The message: Prepare for the lean years during the years of plenty. The pharaoh prepared Egypt for the lean years and led it into an era of prosperity.
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Where to put your money next year (Sunday Times 20 Dec)
Where to put your money next year
The world economy has got off the deathbed but its recovery in the year ahead will be sluggish. Gabriel Chen gets tips from financial experts for 2010 and finds out where the traps might be.
Dr Mark Mobius, executive chairman of Templeton Asset Management:
‘We believe commodities will continue to do well, and that includes gold. Commodity stocks look good because we expect the global demand for commodities to continue its long-term growth. To keep pace with domestic consumption, commodity prices will remain positive and though they will fluctuate from time to time, the overall trend globally is upwards.’
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Playing the China card (Sunday Times 6 Dec)
Dec 6, 2009
Playing the China card
Spooked by S-chips? There are other ways to gain exposure to the fast-growing mainland market
Spotting a promising firm and investing in it early can be akin to winning a licence to print money.
Take legendary investor Warren Buffett. He has held for decades the shares of companies he invested in, profiting hugely as the businesses grew from strength to strength. Yet, many an investor would say he is more the exception than the rule.
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Fears of a double-dip? The Dubai crisis (Today 28 Nov)
Dubai revelations raise fears of sovereign debt default, spook investors
DUBAI – Worries of a double-dip global recession are being fanned, as world markets and oil prices on Friday fell with investors spooked by Dubai’s shock request for a six-month delay in repaying the debts of a key state investment firm.
“Dubai: Minor upset in playground of the rich – or first domino of new crash?” read a headline in the online version of British newspaper The Guardian.
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China the next big risk (Today 17 Nov)
FAR from taking over as the engine of growth from an exhausted West, China is making matters worse.
Its policies continue to play havoc with global trade and risk tipping the world into a second leg of the Great Recession.
“The inherent problems of the international economic system have not been fully addressed,” said Chinese President Hu Jintao. Indeed not.
Not when China is still exporting overcapacity to the rest of us on a grand scale, with deflationary consequences.
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Why a crisis of trust hurts the economy (ST 16 Oct)
Why a crisis of trust hurts the economy
By Howard Davies
PUBLIC trust in financial institutions, and in the authorities that are supposed to regulate them, was an early casualty of the financial crisis. That is hardly surprising, as previously revered firms revealed that they did not fully understand the very instruments they dealt in or the risks they assumed.
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How Warren Buffet Manages His Managers (CNN Money 12 Oct)
From the pinnacles of power by Fortune editor at large Patricia Sellers
October 12, 2009, 11:27 am
How Warren Buffett manages his managers
Warren Buffett calls the CEOs who run his companies “All-Stars.”
The world’s most renowned investor picks his managers practically as well as his stocks. But branding the bosses of businesses owned by Berkshire Hathaway (BRKB) “All-Stars” may also be a clever people-management ploy on his part–to inject so much confidence in his people that they feel they must be the best…and duly pressured, they are.
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Lessons from get-rich courses (Sunday Times 4 Oct)
Oct 4, 2009
small change
Lessons from get-rich courses
Moneymaking classes can impart strategies but can’t buy you time or teach self-discipline
By Lorna Tan, Senior Correspondent
It is difficult to ignore the many advertisements in the newspapers these days offering different ways to create wealth from the stock and property markets.
That millionaires seem to have made their money in such ways is a big draw for many.
One advert claimed: ‘Our graduate made 7,700 per cent profit and turned $1,000 into $78,000 from forex trading in two months.’
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Out from India’s valleys, gold loans gain respect (New York Times, 28 Sep)
By VIKAS BAJAJ
Published: September 28, 2009
KOCHI, India — Indians own more gold than the citizens of any other country. They use the glittering metal as ornaments to flaunt family wealth, as a source of retirement savings and as insurance against calamities.
For many in India, gold and silver jewelry serves the purpose that retirement accounts and insurance do in the West, and advertising for it is everywhere.
Shakila Naushad counted the money she borrowed after leaving a gold chain as collateral. The chain contained about 11 grams of gold, and the loan was for about $300.
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Can There Be Good Things Coming Out Of A Recession?
Can There Be Good Things Coming Out of A Recession?
Written by: Gilbert Goh
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7 Ways to Reduce Your Debts During Unemployment
7 Ways to Reduce Your Debts During Unemployment
Written by: Gilbert Goh
One of the most testing period of unemployment is trying to reduce one’s debts. There is now no money coming in but the credit card and home mortgage loans still need to be paid. Banks are known to be merciless and my fear is that many people will be made bankrupt as a result of this financial mismatch.
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Can there be good things coming out of a recession? A personal experience
Can There Be Good Things Coming Out of A Recession? A Personal Experience
This article appeared in Feb 09.
Written by: Gilbert Goh
Many people have asked me whether there will be any good that can come out of this current economic downturn. Sometimes, because of the prevailing negativity surrounding a recession, we failed to spot the benefits of the situation. Of course, a recession obviously brings out more negative reaction from people especially if they have lost their job in the process. Nevertheless, if we look harder, we can see that there are gems lurking in the mud.
