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sun233
Elite |
27-Aug-2016 12:07
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Willisow.........This is more interesting. We are here to share ideas and learn if there is anything to learn.   Those who are here to influence or think they can influence are just plain ignorant. Any platform should e viewed with magnifying glasses. Anyway this is just some light reading. While i don' t agree with everything he says some points are worth a second look.  Some of your posts are interesting. Keep it up and like Pink said thanks for paragraphing. Happy weekend to you. &lsquo Rich Dad&rsquo author Robert Kiyosaki: If you&rsquo re investing for the long term, &lsquo you&rsquo re crazy&rsquoHe offered up insights on making money, becoming an entrepreneur and even touched on politics.   His advice on how to get rich:&ldquo The rich do not work for money. Most people do not understand that, because they&rsquo re taught to go to school and get a job for money. The rich don&rsquo t work for money. And one of the reasons for that is money is no longer money. One of the reasons for that is in 1971, President Nixon took the U.S. Dollar off the gold standard and basically screwed the world. It&rsquo s bad for the poor and middle class. As Bernie Sanders said, &lsquo wealth and income inequality is the greatest moral crisis facing America as well as the world today.&rsquo  
The gap is growing between the rich and poor. The rich don&rsquo t work for money. If you went to school and got a job, and you&rsquo re saving money and investing in the stock market today, you&rsquo re going to lose.&rdquo On his prediction that in 2016 the world would see the worst stock market crash in history:&ldquo We&rsquo re on the edge of a cliff right now. We have never been here before. If you&rsquo re still saving money when interest rates are negative, you&rsquo ve got to be crazy. When you&rsquo re investing for the long-term in the stock market, where there is no connection between stock price and reality, you&rsquo re crazy.&rdquo His advice on what to invest in now: cybercurrencies, gold, silver?&ldquo My answer is always the same. You got to come up with your own answers. I love gold, I was buying gold at 70 bucks an ounce. I&rsquo m a gold bug. On the other side, there&rsquo s this guy named Harry Dent, a very smart guy, who says gold is going to drop to $250/ounce. Another very smart guy James Rickards, the author of &lsquo Currency Wars,&rsquo says gold is going to go to $10,000/ounce. So somewhere in between is your reality. All coins have three sides: head, tails, or hedge. Your job is to stand on the edge of the coin and listen to both sides. I love gold but I don&rsquo t use gold as an investment, I use gold as an insurance policy, a hedge. Because I suspect the U.S. dollar is going to be toast in a few years. Now, if it doesn&rsquo t, I still have gold. I&rsquo m hedging my positions all the time.&rdquo On the election and how it will affect the economy:&ldquo I hate to say this but I don&rsquo t think it makes a difference who wins the election. It&rsquo s the bankers, the Fed, that control the whole world economy, not a president. Donald Trump is my friend. I&rsquo m going to vote for him. I think he is a great man. But unfortunately I don&rsquo t think it makes any difference at this time. The problem is too big.&rdquo On investing in real estate:&ldquo Real estate is a long-term hold. It&rsquo s not liquid. I don&rsquo t care if the market is up or down. What I&rsquo m looking for is a bargain. I make most of my money when the markets crash. I made most of my money in 2007. I made even more money in the subprime crash. I don&rsquo t care about the overall economy or the markets. I&rsquo m looking for an opportunity that no one else sees. I like residential real estate. I don&rsquo t invest in REITs or anything paper.&rdquo &ldquo I do not invest in Hawaii, California and New York because of the taxes. Real estate is really not about real estate. It&rsquo s about debt, taxes and laws. I go to the areas that are favorable to investors, to capitalists. I stay out of areas that are more socialist-inclined, like California.&rdquo His advice for young people joining the job market:&ldquo Don&rsquo t just look for money and a high-paying job. That&rsquo s selling yourself like a whore. The question I ask young people is, &lsquo What would you do for free? If you could do anything, what problems do you want to solve?&rsquo Go find a way to solve it.&rdquo On working for a company vs. being an entrepreneur:&ldquo Everybody is born an entrepreneur. I never met a child not interested in money, but the system beats it out of you. Take a job for what you want to learn. What life skills do I want to accomplish? How am I going to get those life skills? If you&rsquo re going to be dangled by a paycheck, you&rsquo re a whore. That&rsquo s really what you are. There are fewer jobs today. We need more entrepreneurs to create jobs. Our schools create employees. That&rsquo s the crisis right now.&rdquo On flunking out of school -- three times:&ldquo I flunked out of school three times, because I can&rsquo t write, and I couldn&rsquo t type. I flunked out of accounting. What do I write all day about? And type all day about? Accounting. Accounting is the subject. If you&rsquo re going to do anything, start with a bookkeeping course. You&rsquo ve got to know your numbers. Numbers tell you a story. After you get through a basic bookkeeping course&hellip then you can take basic business accounting. That&rsquo s how you learn, it&rsquo s in the numbers. If you can&rsquo t read the numbers, you don&rsquo t know what&rsquo s going on. It&rsquo s not that hard to get ahead quickly because most people highly educated, with good grades, have no financial education.&rdquo On finding a mentor:&ldquo Choose your teachers wisely. In Sunday school, in the story of Christ, there are the Three Wise Men. They went in search of a teacher. That is the key to life. No matter how wise you are, you can always learn from someone else.&rdquo On assets over money:&ldquo Lesson No. 1 in &lsquo Rich Dad Poor Dad&rsquo is the rich do not work for money. That opens your brain up, well, what the heck do they work for then? If you act like a mule, chasing the carrot -- the buck, the bonus, the paycheck, the commission, whatever you guys chase, you&rsquo re never going to ask the question: what are the rich working for? I work for assets.&rdquo &ldquo Recently this one oil company crashed. Its stock was trading at $75 and dropped to $2 and I was ecstatic. Two dollars, from 70 bucks. When I studied the underlying analysis of it, they have huge oil reserves, they have assets in the ground, and the stock was trading at $2. So do I pay $2? No. I buy a 75-cent option to pay $2.&rdquo &ldquo Money is the problem. It&rsquo s the money, stupid. We&rsquo re printing it , we&rsquo re printing it, we&rsquo re printing it, and it&rsquo s corrupt. And it&rsquo s toxic. Stop working for money, start acquiring assets. Use your brain.&rdquo
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cain85
Member |
26-Aug-2016 23:39
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Bro, i interpret wrong or u type wrong I tot Yellen say no hike?
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yyhwin
Elite |
26-Aug-2016 22:31
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Rate hike coming, run for your life!
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willisow
Master |
26-Aug-2016 22:30
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Hi guys, for those who are affected by today mkt..I hope by sharing my own experience can help to sooth your emotion a bit. I know I can' t 100% change everybody mindset becos fear n unhappiness are natural reaction when things doesn' t happen as what we expect.  I bought DBS in q1 at sgd14.68, the lowest price it goes down to sgd13 (slightly more than 10% loss) n thereafter it rebounded back to sgd16 plus n recently it drop to sgd14 plus which I bought at sgd14.95 (I suppose to buy at sgd14.99 based on the calculation of its q2 result but when I sold my galaxy entertainment to switch to DBS the price already drop to sgd14.95, saved 4 cents).  Volatility are normal n a 10-15% fall after purchase is also very normal. Volatility is not equivalent to risk, it is the fluctuation of share price where else risk is associated with the business fundamental. When I first bought at sgd14.68 n it drop to sgd13, I' m not worry at all becos I knew that over times my capital is well protected at that entry price, in fact I intend to buy more when it drop to sgd12 plus (40% off its operating profit) but heaven didn' t gave me this opportunity. When it rebounded to sgd16 plus, I do not feel upset for not selling becos at the point of my first purchase I already knew that I' m going to sell at minimum of sgd20.  Yesterday I have shared with everyone on how to apply the pe method to work out the valuation. This is the same method which I used in 2009 (sold DBS at sgd13 plus, it' s highest was sgd15) n 2014 (sold DBS at sgd18plus, it' s highest was sgd20 plus). When DBS was at sgd8 plus in 2008 nobody including myself will know that it is going to hit sgd13 in 2009. The calculation showed that it will definitely hit but we don' t know when, thus the situation is the same now. It will definitely hit sgd20 n the highest price will go higher than sgd20, we just need to be patience. Thus it doesn' t make sense for me to sell at sgd16 plus when the price rebounded last month becos there is no reason for me to give up profit which originally belong to me.  Fund manager n institution investor are all value investor or some called intelligence speculator, the Chinese called them 投 资 大 鄂 meaning investment crocodile. Is a very meaningful nick becos it describe the way they invest similar to crocodile that submerge in water with no movement n spring out to give their prey a big bite when the time is right. Those who are in doubt of the sale price of DBS which I mentioned in 2009 n 2014 u can always follow the steps which I have shared yesterday to work out the calculation n u will see the result for yourself. Hence, during this period of waiting, there will be many ups n downs in share price movement becos the waiting period can range from months to years. U will have to find a way to control your emotion n not let your emotion control u. Lastly, once again to show my confident of vote, based on q2 result any purchase for DBS below sgd15, u are very very safe..if it goes down to sgd12 plus u should qeue overnight at DBS to grab their shares :) thank you n hope this is at least a 1% useful to everyone :)  
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Immortal
Master |
26-Aug-2016 21:52
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will DBS pass 16 on Monday oe tumble |
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famouspinky
Supreme |
26-Aug-2016 21:15
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:)
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willisow
Master |
26-Aug-2016 20:42
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Hey pal, there' s volatility in stocks everyday don' t take it so serious..not necessary u must focus on dogs n cats, u can do anything that u like to give yourself a break from the stock mkt n u will feel happier :)
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famouspinky
Supreme |
26-Aug-2016 20:31
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Stock px down, use dog to diversify investors attention wor
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willisow
Master |
26-Aug-2016 20:17
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Hey guys, there' s a video in cnbc talking about hk society are getting more open to adopting a dog   than buying them..a very meaningful video n I suggest you can take a look if u r free..you will tend to perform better in investment when u indulge yourself in life than focussing your attention in stocks. Have a nice weekend :)
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sun233
Elite |
26-Aug-2016 16:45
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You are right. Just have to see how market reacts. But i believe short term will not be too good. After the initial shock things should pick up provided there is no new crisis.
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john_ric
Supreme |
26-Aug-2016 11:47
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price chiong up chiong down qute normal. anyway no big news so no big price movement.   |
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willisow
Master |
26-Aug-2016 10:32
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Subject: 鱼 翅 排 骨 面 一 位 客 人 走 在 路 上 看 到 两 间 店 , 左 边 叫 阿 财 排 骨 面 , 右 边 叫 鱼 翅 排 骨 面 , 双 方 都 写 着 10元 一 碗 。 客 人 心 想 既 然 价 钱 一 样 当 然 有 鱼 翅 的 会 更 好 , 于 是 就 走 进 店 里 向 服 务 员 下 单 。 面 上 桌 后 客 人 翻 了 很 久 也 没 找 到 鱼 翅 便 问 服 务 员 鱼 翅 排 骨 面 为 什 么 没 有 鱼 翅 ? 服 务 员 回 答 说 " 客 人 对 不 起 , 鱼 翅 排 骨 面 是 因 为 老 板 的 名 字 叫 鱼 翅 " 。 Sorry to non Chinese I can' t translate the above. Many of the time we jump to conclusion or interpret information at different angle. Example if u.s were to raise interest rate we can interpret it as the u.s economy is doing well n thus lifting sentiment for stocks. On the other hand it can be interpreted as a rise in interest rate will reduce the present value of cashflow from firms n thus reducing their valuation, leading to negatiive sentiment n stock fall. Information can be interpreted in many different Ways, each investor will have his own interpretation n mkt consist of thousand of investors, there is no way we can confirm the end result in relation to the stock price movement..thus no point to waste our energy n time to monitor things that we can' t control, focusing on the company fundamental is the best n safest way for investment.  Good day :) |
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Qanghoo
Supreme |
25-Aug-2016 22:32
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Brother, there are some monthly window dressing too, but the qtrly ones are the big ones.  Anyway, DBS chionging the last two days has been impressive, whatever the case.  As for  the direction of local interest rates  near term my personal sense is -   if USD is chased up very high in response to a FED hike  so much so as to drive down SGD considerably, interbank rates here will reverse (recently had been in retreat) n that shd be positive for DBS.  On the other hand, if MAS signals its intent to keep SGD stronger n FED hike has a muted impact on SGD, then upward pressure on interest rates here wld likely be muted too.  Just my two cts though. 
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Immortal
Master |
25-Aug-2016 21:40
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Day of reckoning soon..... |
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sun233
Elite |
25-Aug-2016 19:57
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Don' t think it is window dressing. That happens every quarter. 
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sun233
Elite |
25-Aug-2016 19:54
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  Fed' s   Ester George says it looks like time to raise rates. Now its a matter of waiting till 10pm tomorrow for confirmation fr Yellen. I wonder if interest rates here have started to go up?  |
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seanpent
Supreme |
25-Aug-2016 15:49
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interesting ..... really text book TA ..... resistance met at 15.30 ..... but not bad a trading profit riding from 14.8++ ..... hopefully the ding-donging will not take too long .....
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FATABA
Supreme |
25-Aug-2016 15:17
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16 is very likely , in fact I hope it can visit 18 this year. :))
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pinkowl
Supreme |
25-Aug-2016 15:02
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Yah! Fly fly fly. | ||||
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willisow
Master |
25-Aug-2016 14:46
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We will see promising result a year from now :)
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