Frank Comments by Dennis Ng on various Topics

Post by **Dennis Ng** » Fri Jul 22, 2011 9:58 pm

jazzmama wrote: What I don't understand is why there should be negative interest rates. If I am the bank and the inflation rate is 5%, the money I lend out should compensate me to cover the loss due to inflation. I should be charging interest rate which is more than inflation rate. Since when did banks become charitable?

Cheers

Hi jazzmama,
the banks are NOT losing money. In Singapore, Banks pay you 0.1% to 0.25% when you deposit money with them, and charge you 1% for Housing Loan currently, the interest margin (profit margin) is NOT high currently, but they are NOT losing money.

It is ultimately people (mainly middle class and lower income people) who Save money (earn 0.1% to 0.25%) that are the ones who are really LENDING the money and LOSING money and "doing charity".

On the other hand, the Rich borrow money from the bank, enjoy negative interest rates and borrow money to become Richer.

This TRUTH is something that most people are unaware of, unless you have the opportunity to learn from the Rich. Well, finally you met a Rich person who is willing to share/teach - me.

jazzmama · Post by **jazzmama** » Fri Jul 22, 2011 11:14 pm

Hi Dennis..

Thank you for the enlightenment. Silly me, forgot that the money that the bank loans out is actually from the depositors. I am learning a lot from you everyday.

After attending your seminar, I am on target to doubling my net worth and achieving financial freedom within the next five years. After that I intend to take time off to do charity work because I no longer need to work for a living. Many thanks for making this possible.

Cheers!

Post by **Dennis Ng** » Sun Jul 24, 2011 10:49 am

24 Jul 2011

There are uncountable ways to make a Living. Why just make a living?

Do something you're Passionate about, that you're Good at, that benefit others and Make a Difference to the Society and at the same time Make Money.

You can have it all. You can really have it ALL. Being believing...

Take your passion, make it happen. What a feeling!

http://www.youtube.com/watch?v=ItPbGvPKHFI

Post by **Dennis Ng** » Sun Jul 24, 2011 10:57 am

24 Jul 2011

Every week, I conduct FREE workshops (with help of my team and graduates) to educate the public, about 150 to over 200 people per week, even more than what Big organisations, with more manpower and resources do, such as CPF Board and MAS Money Sense Public Financial Education programme.

If it is to be, it is up to me.

Don't wait for the government, wait for others to do what we see need to be done. Just Do It.

Post by **Dennis Ng** » Sun Jul 24, 2011 1:10 pm

24 Jul 2011

with US$2 trillion printed, yet U.S. still have 9.2% (14.2 million people) Unemployment Rate, it might actually save U.S. money by just somehow putting the money into the pockets of Americans instead of doing all these printing of money.

If printing US$2 trillion only brings about 10 million jobs, then each job actually "cost" the U.S. economy US$200,000 while more than 50% of Americans earns less than US$47,000!!!

Post by **Dennis Ng** » Sun Jul 24, 2011 1:20 pm

24 Jul 2011

with US$2 trillion printed, yet U.S. still have 9.2% (14.2 million people) Unemployment Rate, it might actually save U.S. money by just somehow putting the money into the pockets of Americans instead of doing all these printing of money.

If printing US$2 trillion only brings about 10 million jobs, then each job actually "cost" the U.S. economy US$200,000 while more than 50% of Americans earns less than US$47,000!!!

it's called having the courage to do independent thinking, street smart analysis.

In fact, a simple way is for the U.S. government to lend money (Micro-financing at low interest rates) for Americans to become self-employed, as I don't think some of the jobs lost will ever come back again, it's just wishful thinking on the part of the U.S. government that by pumping money into the economy, that jobs will be Created. Looks like they do NOT have Brains to do their own thinking.

The problem is they did NOT even create 10 million jobs with US$2.6 trillion printed, there is a NET loss in jobs, and jobs created less than 1 million jobs, or each job actually costing U.S. US$2.6 million!!! My goodness!

Post by **Dennis Ng** » Thu Jul 28, 2011 12:25 am

28 Jul 2011

Met and Learned from a Billionaire from China tonight. Was so glad when he agreed with some points I shared in a discussion about Business and Investing. He shared several actual real life examples how he created millions and millions of profits and business without coming up with a single cent of capital.

It does NOT take money to make money. If one has Knowledge, one can create Immense Wealth without need to come up a single cent of capital.

If you increase your Financial Knowledge, you WILL increase your wealth.

slee · Post by **slee** » Thu Jul 28, 2011 11:08 am

Hi Dennis, do you conduct any seminar to share more on how to start a business without a need to come up with a single cent of capital

?

Post by **Dennis Ng** » Thu Jul 28, 2011 11:41 am

slee wrote:Hi Dennis, do you conduct any seminar to share more on how to start a business without a need to come up with a single cent of capital ?

Hi slee,
yes, probably plan to do it next year. This year really NO time...all my schedule full.

slee · Post by **slee** » Thu Jul 28, 2011 4:31 pm

Looking forward to attend it

Post by **Dennis Ng** » Sat Jul 30, 2011 7:58 am

30 Jul 2011

The continued impasse over the raising of Debt Limit of U.S. has clearly shown to the world the ugliness of Politics.

That Politicking can Blind and Hinder the making of Common Sense Decisions that will benefit the Society and World at Large...

That Decision Making if left to the SOLE Device of Politicians, can be Disastrous.

Human beings should wake up and run the World ourselves instead, instead of trusting and depending on a Bunch of Selfish Politicians.

Post by **Dennis Ng** » Sat Jul 30, 2011 10:13 am

30 Jul 2011

The Rich Get Richer, while the Poor Get Poorer. Why?

One main reason is the Rich know how to invest and grow their money. Look at Singapore's 40 Richest people and you will realise that most of their wealth is due to astute investments.

Billionaire Peter Lim did NOT even start a business, most of his billion dollar wealth comes from his investment into Wilmar. The bulk of the wealth of the late Khoo Teck Puat comes from his 10% stake in Standard Chartered Bank, a business he didn't start nor manage. It is simply just buying 1 stock, that's all.

Peter Lim was known as the Remiser King. If even the Remiser King said he didn't make his wealth from Trading. Guess you should know by NOW that all these seminars out there that teach TRADING, be it Option Trading, Stock Trading, Forex Trading is NOT exactly the RIGHT Path to Financial Freedom.

Most of the Rich made their money from investing into stocks and property. The Singapore's Richest 40 list shows this FACT too.

How did Peter Lim become a Billionaire? Through investing, NOT trading. This is what he said about Trading: It's very difficult to make money from trading. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up.

Cheers!

Dennis Ng

S'pore's 40 richest worth US$54.4 billion

SINGAPORE: Singapore's 40 richest are now collectively worth US$54.4 billion, up 19 per cent compared with last year, according to the latest rich list published by Forbes Asia.

The better numbers achieved by the country's wealthiest come despite a slowing economy and weak stock market.

The family of the late Ng Teng Fong remains at the top with US$8.9 billion, up by US$1.1 billion from last year.

Their fortune is tied to their two biggest property holdings: privately held firm Far East Organization and Hong Kong-listed Tsim Sha Tsui Properties.

The family of the late tycoon Khoo Teck Puat comes in at number two with US$6.7 billion, up by US$800 million from last year.

They retain a stake in the Goodwood Group of Hotels.

At number three is veteran banker Wee Cho Yaw with US$4.2 billion, an increase of US$600 million over last year.

Forbes Asia said there are 13 billionaires on this year's list compared with 11 last year.

The two newcomers with billionaire standing are the Lien family and food tycoon Sam Goi.

- CNA/cc

Post by **Dennis Ng** » Sat Jul 30, 2011 11:14 am

30 Jul 2011

people asked me what may happen if U.S. could not raise the debt limit by 2 Aug 2011?

I told them, I think it is just a matter of time the increase in debt limit would be approved, exactly when, I don't know. Hopefully before 2 Aug, but if not, likely not too long after that.

Hopefully they don't drag too long until S & P and Moody's downgrade U.S. credit rating and cause a Crash in U.S. bond markets...if and when that happens, probably the next Global Financial Crisis would be triggered, and even if market Crash, I'm not concerned becos I have planned and positioned for such a possibility.

I am likely to sell all my stocks if and when major markets fall below these levels (for over 10 trading days):

Dow below 11,600
Shanghai index below 2,600
Hang Seng below 22,000
STI below 2,900

If markets stay above these levels, then I'm likely to stay invested in stocks.

How would markets react in the next few days before debt limit approved?

Frankly, I don't know and I'm NOT really bothered about it.

As a Market Cycle Investor, I look and invest based on Major Market Trends, NOT what may happen in a day or week.

ALL I know is the debt limit would be approved, then QE 3 will be launched (exact time, I don't know, maybe Aug or Sep 2011)...then likely stock markets would have its Last Rally in the Current Bull Market before the next Global Financial Crisis hit us, probably NO later than Jun 2012...

Can I be wrong about my views?

Of course.

My No. 1 question is "What if I'm wrong, will I be financially ok?"

So I planned my Investment Portfolio to be ALL Weather Proof, that I'll be ok no matter what happens.

32% of my Wealth now in Cash, if market Crashes, I'll be there to scoop up bargains in stocks and property.

8% of my wealth in UK Endowment, which provides Capital Guarantee even in event of market Crash.

35% of my Wealth now in Stocks, if market rallies, I'll be there to make money in stocks.

25% of my Wealth now in Real Assets, (which includes 5% in Silver, 2% in Gold), 11% in Property and 7% in Land Banking. (So in event of high inflation, Real Assets would go up in price.

My fear and concern is many people out there (who didn't attend my seminars) would be totally unprepared and will be shocked and some might even see a huge part of their wealth being wiped out when the next Global Financial Crisis hit us, so I really urge seminar graduates to help us spread the word and at least get your friends to attend the weekly Path to Financial Freedowm workshop, which I share about why there'll be a next Global Financial Crisis in the workshop.

Let's try to "save" as many people from getting financially wiped out in the next Global Financial Crisis.

Post by **Dennis Ng** » Sun Jul 31, 2011 10:44 am

31 Jul 2011

U.S. has a clever scheme for them to rebound from the BIGGEST Debtor Country (owe the most Money to other countries) to rise back to No. 1 Super Economic Power in the world. How? I have shared my views/comments on how they can do this below:

U.S. bluff the whole world that they want a strong US Dollar.

No, U.S. is devaluing US$ to lighten its debt burden, it owes China US$1.1 trillion Bonds, if US$ fall in value by half, their debt burden is lessened by half.

Main objective of devaluing US$ is NOT to boost its exports, since external trade only constitutes 30% of U.S. economy.

China used last 30 years to accumulate US$3 trillion in foreign reserves. If value of the U.S. govt bonds drops by half, it's actually equivalent to China worked for U.S. for free for 15 years.

U.S. managed to sabotage Japan in 1989, Euro in 2010 till now, to dislodge any country/region that may threaten its Super Power status, clearly NOW China is up-and-coming and view as its biggest threat.

Actually, if US$ goes down, and people lose confidence in US$, then U.S. can suggest go back to Gold standard, and U.S. amongst all countries, have the Highest Holding of Gold. China amongst BIG countries, have lowest holding of Gold. U.S. may bounce back from Debt Crisis as the Economic Super Power while other countries holding its US$ Bonds become Poor. Think about that possibility.

The country which does the Most manufacturing will be so called Polluting the environment the most. That is China.

The country with little/no manufacturing and almost all manufacturing outsourced to the World is U.S.

U.S will have the MOST Carbon Trading Credit which manufacturing countries such as China would need to use Real Money to buy the Carbon Trading Credit in order to manufacture.

Very clever scheme.

U.S. is thinking of how they can continue to be Economic Super Power by getting rid of countries/region that may pose a Threat to them.

The new Monetary standard likely to be Gold plus Carbon Trading Credit. Guess which country has the most gold and Carbon Trading Credit? U.S.

Guess which country has the Worst (least) Gold and Carbon Trading Credit? China.

So, in 1 BIG Sweep, U.S. will forever get rid of China to be of any threat of over-taking U.S. Isn't such a scheme Clever?

U.S. is the BEST in playing the Money Game and they Understand and Master the Rules of the Money Game. Most Poor and Midldle Class will see their savings wipe out in the coming Crisis.

The average person who has so little Financial Knowledge will see your wealth wiped out in the Coming Financial Crisis.

This is why I'm working so hard everyday to try to educate people on Financial Matters.

I'm like the child who try to save the starfish stranded on the beach...I know I cannot save everyone, but if I can save 1 more person from the coming Crisis, I will save.

So, help me to spread the message to your facebook friends so that together, we can save as many people as we can. Time is running out before next Crisis hits us.

Post by **Dennis Ng** » Sun Jul 31, 2011 4:36 pm

Hi all,

Please read what I highlight and bold about the Real Life Example of Remiser King Peter Lim and what Peter Lim shared about Trading...(please remember he started as a Remiser and made money from commissions from stock trading).

Billionaire Peter Lim did NOT even start a business, most of his billion dollar wealth comes from his investment into Wilmar. The bulk of the wealth of the late Khoo Teck Puat comes from his 10% stake in Standard Chartered Bank, a business he didn't start nor manage. It is simply just buying 1 stock, that's all.

Peter Lim was known as the Remiser King. If even the Remiser King said he didn't make his wealth from Trading. Guess you should know by NOW that all these seminars out there that teach TRADING, be it Option Trading, Stock Trading, Forex Trading is NOT exactly the RIGHT Path to Financial Freedom.

Most of the Rich made their money from investing into stocks and property. The Singapore's Richest 40 list shows this FACT too.

How did Peter Lim become a Billionaire? Through investing, NOT trading. This is what he said about Trading: It's very difficult to make money from trading. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up.