Frank Comments by Dennis Ng on various Topics

[Dennis Ng]

Hi Dennis,

Sometimes i do experience the battle between the evil (selfish) and the good (selfless) self in all aspect of life. Any effective mind controlling techniques to share ?

Hi slee,
this is normal. It is the central theme of Star Wars, that we need to fight and choose between the Dark Side and The Force.

Even if you can have the world, but doing by being Darth Vader and succumbing to the Dark Side, is that what you want? You have to make the choice.

You cannot don't think of the dark side, you replace the dark thoughts with a Good Thought, that's what I learned from Napoleon Hill and taught in How to Save and Accumulate One Million Dollars Seminar.

Feel Good, Think Good, Do Good and feel the difference in you. Then the choice becomes Clear.

On the other hand, Fear is the pathway to the Dark Side...the world is now filled with Fear, I think this is done deliberately, not an accident or coincidence.

Fear is the path to Dark Side

http://www.youtube.com/watch?v=CJeKS0gN ... re=related

http://www.youtube.com/watch?v=3bQpsg2k3fI

http://www.youtube.com/watch?NR=1&v=kLRYjieOKds

[Dennis Ng]

Hi wemakebread,

Really appreciate your sharing.

Will definitely find out and learn more before making any trade.

I agree. Need to control our emotions.

Thanks.

Hi all,
you're using the wrong discussion thread to discuss.

Please go to this discussion thread to continue any discussion or comments.

I have moved your postings to this other discussion thread as well.

http://www.masteryourfinance.com/forum/ ... 5192#15192

[Dennis Ng]

i have registered for the stocks seminar, but will not get to attend it until the next session in November.
with the interest rates getting lower and lower (frankly i really didn't expect it to go lower than 0.1%), i am getting more and more anxious to learn to start investing. the value of my money is falling every single day.

just want to share this link http://www.dbs.com.sg/posb/deposit/noti ... fault.aspx

uob has also made similar revisions. seems like ocbc has not announced any revisions yet.

There is a time and place for everything.

Why anxious to invest?

Why bother about losing money due to inflation of 5.7% if I tell you that perhaps one year from now you can use 50 cents to buy something (stock) that is selling at S$1 now?

So when you invest after Market Bottom, you can pay 50 cents, or in other words "gain" 50% by buying at lower prices, why are you so Anxious to Invest NOW when prices are much higher?

There are many people rushing to buy Properties right now for the same reason as you. They cannot stand earning close t 0% interest in their bank account, so they rather earn 3% Rental Yield from Condos.

Well, what if prices fall by 20%? Then they would need 7 years of Rental Income to ever recoup the Loss of 20%. Have they considered the risk of property prices falling by 20%?

No, Novice Investors CANNOT afford to be wrong, they cannot afford to Lose money. That's WHY they LOSE MONEY!!!

Not nice words to hear, but I'm speaking the Truth.

Real Investors like myself are always Prepared to be Wrong, we asked ourselves "What if I'm wrong, will I be financially ok?"

We are prepared to lose money, we ask ourselves:" in the worst case scenario, what is the maximum I would lose, what's the maximum downside risk?

We then only invest if Upside Potential is at least DOUBLE Downside Risks.

One day you'll appreciate or understand what I say. In the meantime, you might not appreciate what I say.

[slee]

Hi Dennis,

Sometimes i do experience the battle between the evil (selfish) and the good (selfless) self in all aspect of life. Any effective mind controlling techniques to share ?

Hi slee,
this is normal. It is the central theme of Star Wars, that we need to fight and choose between the Dark Side and The Force.

Even if you can have the world, but doing by being Darth Vader and succumbing to the Dark Side, is that what you want? You have to make the choice.

You cannot don't think of the dark side, you replace the dark thoughts with a Good Thought, that's what I learned from Napoleon Hill and taught in How to Save and Accumulate One Million Dollars Seminar.

Feel Good, Think Good, Do Good and feel the difference in you. Then the choice becomes Clear.

On the other hand, Fear is the pathway to the Dark Side...the world is now filled with Fear, I think this is done deliberately, not an accident or coincidence.

Fear is the path to Dark Side

http://www.youtube.com/watch?v=CJeKS0gN ... re=related

http://www.youtube.com/watch?v=3bQpsg2k3fI

http://www.youtube.com/watch?NR=1&v=kLRYjieOKds

Many thanks for sharing Dennis.
I will understand my own fear, face it and conquer it by doing a good deed every day that will put a smile of joy on someone’s face.

Evil (ignorance) is like a shadow. It has no real substance of its own, it is simply a lack of light. You cannot cause a shadow to disappear by trying to fight it, stamp on it, by railing against it, or any other form of emotional or physical resistance. In order to cause a shadow to disappear, you must shine light on it. - Shakti Gawain

[Dennis Ng]

Hi Dennis
Saw your interview on "STI direction" in Chinese news last night.
It is short & sharp. Hope your comments will alam the viewers.

Hi abcngjc,
For me, I interpret it as since Mediacorp is now "allowing" me to air such "negative views", it shows that I'm NOT alone in having such a view, that probably the "higher up" might share the same view.

However, the Channel 8 Reporter says that none of the stock analysts they spoke to share my view, some think STI would bottom around 2,400 to 2,600, which is why I was interviewed.

I'm very curious how anyone can say STI might bottom at 2,600. Becos based on TA, if STI falls below 2,600, it is likely to head to 2,400...if fall below 2,400, then likely to even fall further.

My view is NOW is still the Calm before the Storm. As the Europe Debt Crisis continues, soon, there'll be some BIG banks getting into trouble, that might lead to a Freeze in Credit Markets like what happened in year 2008 (after collapse of Lehman Brothers)...

If we use the 4 seasons as analogy, now we are in Autumn, approaching Winter. We are NOT even in Winter yet.

This coming Winter will be the Coldest and Longest that anyone has ever lived through before (aged 90 and below)...

And contrary to what analysts say, the more money Europe commit to "solve" the problem, it only aggravate the problem, since the Problem is a Problem of Over-borrowing and Too Much Debt, so taking on more debt can act as a "Pain Killer", the next time the disease strikes, even Pain Killer would not kill the pain...

The world refuses to face the problems and keep kicking the can down the road. The problem is we are very near the end of the Road.

Based on Historical Analysis, past Bear Markets typically see stock markets fall by over 50%.

In 1996, STI fell from 2,500 to 800 in Oct 1998, or 68% Drop!
In 2000, STI fell from 2,500 to 1,200 in Mar 2003, or 52% Drop!
In 2007, STI fell from 3,900 to 1,456 in Mar 2009, or 62.7% Drop!
In Nov 2010, STI fell from 3,313 to ??? (1,650? if fall by 50%, works out to 1,650) in 201? (12? 13?) Only god knows exactly How Low and When.

[Dennis Ng]

The governments do not control the world, the Goldman Sachs (and other powerful bankers) control the World.

A trader said this when interviewed on BBC recently. Some people were shocked by what this Trader say.

Well, he's just speaking the Truth.

The Tax rules and many things in a country are tilted in favour of the Rich. The article below shows you another Real Life Proof that this is what is going on in U.S. right now.

This is why I want to help 1,000,000 middle class people to become Rich. Then together, 1,000,000 of us who made good can then help the Poor. We cannot count on the governments and the existing Rich people to do what is Right, they have NOT been doing the Right things and will NOT begin to do the Right things.

Cheers!

Dennis Ng

How the Billionaires Broke the System
source: George Monbiot

By George Monbiot. Published in the Guardian 1st August 2011

There are two ways of cutting a deficit: raising taxes or reducing spending. Raising taxes means taking money from the rich. Cutting spending means taking money from the poor. Not in all cases of course: some taxation is regressive; some state spending takes money from ordinary citizens and gives it to banks, arms companies, oil barons and farmers. But in most cases the state transfers wealth from rich to poor, while tax cuts shift it from poor to rich.

So the rich, in a nominal democracy, have a struggle on their hands. Somehow they must persuade the other 99% to vote against their own interests: to shrink the state, supporting spending cuts rather than tax rises. In the US they appear to be succeeding.

Partly as a result of the Bush tax cuts of 2001, 2003 and 2005 (shamefully extended by Barack Obama), taxation of the wealthy, in Obama’s words, “is at its lowest level in half a century”(1). The consequence of such regressive policies is a level of inequality unknown in other developed nations. As the Nobel laureate Joseph Stiglitz points out, in the past 10 years the income of the top 1% has risen by 18%, while that of blue collar male workers has fallen by 12%(2).

The deal being thrashed out in Congress as this article goes to press seeks only to cut state spending. As the former Republican senator Alan Simpson says, “the little guy is going to be cremated.”(3) That, in turn, will mean further economic decline, which means a bigger deficit(4). It’s insane. But how did it happen?

The immediate reason is that Republican members of Congress supported by the Tea Party movement won’t budge. But this explains nothing. The Tea Party movement mostly consists of people who have been harmed by tax cuts for the rich and spending cuts for the poor and middle. Why would they mobilise against their own welfare? You can understand what is happening in Washington only if you remember what everyone seems to have forgotten: how this movement began.

On Sunday the Observer claimed that “the Tea Party rose out of anger over the scale of federal spending, and in particular in bailing out the banks”(5). This is what its members claim. It’s nonsense.

The movement started with Rick Santelli’s call on CNBC for a tea party of city traders to dump securities in Lake Michigan, in protest at Obama’s plan to “subsidise the losers”(6). In other words, it was a demand for a financiers’ mobilisation against the bail-out of their victims: people losing their homes. This is the opposite of the Observer’s story. On the same day, a group called Americans for Prosperity (AFP) set up a Tea Party Facebook page and started organising Tea Party events(7). The movement, whose programme is still lavishly supported by AFP, took off from there.

So who or what is Americans for Prosperity? It was founded and is funded by Charles and David Koch(8). They run what they call “the biggest company you’ve never heard of”(9), and between them they are worth $43 billion(10).

Koch Industries is a massive oil, gas, minerals, timber and chemicals company. Over the past 15 years the brothers have poured at least $85m into lobby groups arguing for lower taxes for the rich and weaker regulations for industry(11). The groups and politicians the Kochs fund also lobby to destroy collective bargaining, to stop laws reducing carbon emissions, to stymie healthcare reform and to hobble attempts to control the banks. During the 2010 election cycle, Americans for Prosperity spent $45 million supporting its favoured candidates(12).

But the Kochs’ greatest political triumph is the creation of the Tea Party movement. Taki Oldham’s film AstroTurf Wars shows Tea Party organisers from all over the Union reporting back to David Koch at their 2009 Defending the Dream summit, explaining the events and protests they’ve started with AFP help. “Five years ago,” he tells them, “my brother Charles and I provided the funds to start Americans for Prosperity. It’s beyond my wildest dreams how AFP has grown into this enormous organisation.”(13)

AFP mobilised the anger of people who found their conditions of life declining, and channelled it into a campaign to make them worse. Tea Party campaigners appear to be unaware of the origins of their own movement. Like the guard in Geoffrey Household’s novel Rogue Male who has been conned into working for the enemy, they take to the streets to demand less tax for billionaires and worse health, education and social insurance for themselves.

Are they stupid? No. They have been systematically misled by another instrument of corporate power: the media. The Tea Party movement has been relentlessly promoted by Fox News, which belongs to a more familiar billionaire. Like the Kochs, Rupert Murdoch aims to misrepresent the democratic choices we face, in order to persuade us to vote against our own interests and in favour of his.

What’s taking place in Congress right now is a kind of political coup. A handful of billionaires has shoved a spanner into the legislative process. Through the candidates they’ve bought and the movement that supports them, they are now breaking and reshaping the system to serve their interests. We knew this once, but now we’ve forgotten. What hope do we have of resisting a force we won’t even see?

[Dennis Ng]

George Soros Predicts Economic Collapse "WE WILL HAVE A DOUBLE-DIP"

http://www.youtube.com/watch?v=rhlOqO-H ... re=related

European Financial Stability Fund....simply explained......and why it won't work....

http://www.bbc.co.uk/news/business-15130613

similarly, US$ and the U.S. government bonds are also ponzi scheme...what is US$ backed by? US government bonds (Debts). My goodness!!! And yet people say US government bonds are Risk Free (Zero Risk)...the world will have a Rude Awakening in year 2012, when the Crisis hits, to find out that US government bonds are probably the Greatest Bubble in Human History!!!

the Western World refuses to face up to the Results of their Cause (over-spending, over-borrowing and Too Much Debt problem) and are trying to solve the problem of too much debt problem by even MORE Debt...

It is very clear to an average person with common sense where this will lead us to...Financial Collapse eventually.....but in the meantime, the Western world just want to solve their "drug" (debt) problem by getting even more "drug" (debt)...and hopefully, they will wake up one day and everything will be ok once again...

they are just kicking the can down the road. But as I said, the problem is, we are approaching the end of the Road.

The NEXT Global Financial Crisis will be much deeper than the one we experienced in year 2008...many, many middle class people will wake up and find themselves losing most of their money, losing their jobs, and if they can't make payment, ultimately, losing their homes....."Tent city" will NOT be a phenomenon in Greece but will be a common sight in many countries.

Even in Singapore, there has been a "tent kampong" in East Coast Park where some of these tents are permanently there, housing people who have lost their homes, if you are observant enough...

http://streetvisuals.typepad.com/blog/2 ... blies.html

When Money Stops Flowing in the Main Street, Blood will Start Flowing in the Main Streets....there'll be social unrests throughout many countries in the world as the Crisis deepens, many more governments will be toppled in the coming Crisis...

This next Crisis is hitting very soon, in fact, it has already started, just that most people will remain unaware until something drastic happen to them eg. being retrenched....then they wonder "what happened?"

There are 3 main types of people. People who make things happen. People who watch things happen. And lastly, People who wondered What Happened?

Most people out there with their limited Financial Knowledge will likely be the 3rd group of people. I hope that we (myself and seminar graduates) can be the first group (Make Things Happen)....that we go out and try to Help and Rescue as many people to plan and survive this up-coming Financial Crisis...

I'm actively doing my part, I hope ALL seminar graduates can actively do your part to help educate/influence your relatives, friends and colleagues...before the Greatest Financial Storm Hit Us...

[positive7]

Hi Master: briefly watch CNN, seems that Warren Buffet when interviewed did seem that it is so. What is your thought?

[Dennis Ng]

Hi Master: briefly watch CNN, seems that Warren Buffet when interviewed did seem that it is so. What is your thought?

what are you saying and trying to ask? Catch no ball.

[positive7]

Ok, sorry, here is the ball. Typo error. He didn't think the markets will fall

[Dennis Ng]

Ok, sorry, here is the ball. Typo error. He didn't think the markets will fall

Hi positive7,
did Warren Buffet explain why?

I hope he is right. But I personally do NOT share his optimism. What is his Optimism based on?

I'm a very positive and optimistic person, but the Global Financial and economical Situation is precarious, nothing to be optimistic about.

[ngtfook]

Ok, sorry, here is the ball. Typo error. He didn't think the markets will fall

This is what Warren Buffet said...

-------------------------------------

Warren Buffett at the NYSE Opening Bell ceremony, September 30, 2011

Warren Buffett says Berkshire Hathaway has been buying stocks at bargain prices, including shares of his own company.

In a live interview on CNBC from the floor of the New York Stock Exchange, Buffett revealed Berkshire has bought a net total of $4 billion worth of common stocks during the quarter that ends today.  That's about as much as the company bought in the first half of the year.

He tells Squawk Box co-host Andrew Ross Sorkin, "The cheaper stocks get, the better I like to buy them, whether its our stock or somebody else's."



Buffett says he thinks Berkshire's market price is very attractive, and the company has just begun to repurchase some shares under the surprise buyback program announced on Monday.  Buffett wouldn't reveal how much has been bought, noting the "paperwork was just completed yesterday."  It all depends on the price.  "The cheaper it is, the more aggressive, generally, we will be buying.  It's just like any other stock."

[positive7]

Investing Mentor Ngtfook:

Thanks for sharing the full message. I fell into buying again.

[Dennis Ng]

Investing Mentor Ngtfook:

Thanks for sharing the full message. I fell into buying again.

In Oct 2008, I followed Warren Buffett when he started buying stocks. I bought Metro Holdings at 40 cents, only to see it falling to 25 cents by Mar 2009, or drop another 40%.

So please note that Warren Buffett might tend to buy too early.

If I had followed TA, I should NOT have bought stocks in Oct 2008. But I followed Warren Buffett. To me, it was an important Lesson learned.

I'm not asking you NOT to follow him, maybe he's right (not too early this time?) Who knows? But this time round, I rather follow TA.

[positive7]

Thanks Sifu: Will watch the Market on Monday.