Frank Comments by Dennis Ng on various Topics

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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

louiskst wrote:Hi Dennis,

Thanks for your very detailed explanation. I think I will not go for the bond. Like what you said, there are many companies distribute more than 5% dividend (eg. CES, Suntec REIT, Metro, Starhub...)

louiskst
Hi louiskst,
of course, a bond and a share again cannot be compared directly, since again they are Apples and Oranges.

But my focus on analysing all investment alternatives is always on Upside/Downside analysis and only take action if Upside is at least double downside, which is why I do NOT find this Genting Singapore Perpetual Bond attractive, becos it has little upside but possible downside.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Hi all,

you can check the history of COE Prices in Singapore here. Highest record was S$110,500 set in 1994. Is that high? Well, in 1994 you can buy a plot of freehold land with 5,000 sq ft and a brand new 4 bedroom house that has a garage for 2 cars, for about S$140,000 in Australia.

It's quite unbelieveable how much people are willing to pay for (COE) the "right to use a car for 10 years) in Singapore. I'm at least $500,000 richer becos of my choice NOT to own a car in the last 19 years after graduating from university.

http://www.lta.gov.sg/content/dam/lta/C ... 0_1999.pdf

P.S. it's a personal choice, if you want, it's ok to own a car or even 2 or more, just make sure you know the pros/cons and it's a Conscious Choice you make and not something you do becos everyone seems to own a car. Personally, I'm very happy not owning a car, as it helps to avoid many headaches that come with a car.

Cheers!

Dennis Ng
Dennis Ng wrote:An indicator of "feel good" factor is COE prices. If people feel good, they will continue to buy new cars...and resulting in high demand for cars and rising COE prices. Looks like many people in Singapore still feeling good with another New Record for COE prices, highest in 18 years, but of course highest record was S$110,500 set in 1994.

Cheers!

Dennis Ng

Apr 5, 2012
COEs rise to $84,600

CERTIFICATE of entitlement (COE) prices continued to defy gravity in the latest tender yesterday.

The premium for cars up to 1,600cc and taxis rose 3.5 per cent to end at a 15-year high of $58,501. The one for cars above 1,600cc inched upwards by 2.1 per cent to hit an 18-year high of $83,700.

The Open COE, which can be used for any type of vehicle but ends up mainly for bigger cars, posted the biggest rise of 5.6 per cent to land at $84,590.

Commercial vehicle COEs climbed 4.8 per cent to reach a new high of $53,989. Only motorcycle COEs bucked the trend, dipping 5.2 per cent to $1,896.

COEs are now at their highest since 1994. Late that year, the COE premium for cars above 2,000cc hit $110,500 and that for the Open category, $95,986.

Motorists must secure a COE at fortnightly auctions before they can own a vehicle here. Each COE is valid for 10 years.

Motor traders said the COE for cars up to 1,600cc would have ended lower if not for aggressive bidding by taxi companies.

ComfortDelGro, the largest taxi operator here, and SMRT put in a total of 190 bids in the last 10 minutes of the tender. Their bids were above $58,000. Taxi firms have been submitting strong bids as they are procuring bigger cabs for their expanding fleets. These cabs fetch higher rentals from cabbies.

Continued strong demand from luxury car buyers is also fuelling the other two car COEs. Recent and imminent launches of high-end cars are also a factor.

Tan Chong Motor general manager Ron Lim said the fact that Open COEs ended appreciably higher than big-car COEs means the industry expects premiums to go even higher soon.

Open COEs, being transferable, are bought and sold in the market. If traders expect COEs to fall in the short term, they would not bid too aggressively for Open category certificates.

CHRISTOPHER TAN
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

The core of the Universe is Selfless Love and Gratitude...no wonder all religions advocate both.

Why is the world in a mess now? If we think about it, it is becos from selfless, people have become Selfish. From having gratitude, people will not hesitate to complain and protest, always not happy about what they have, and have an entitlement attitude thinking they should be entitled more...

The good news is we can change the world. We can change the world by first changing ourselves and next influencing and changing our relatives and friends. We can make the World Right again, by having the right thoughts, and doing the right things.

What is right? Anything that is good for the society is Right, anything bad for society is Wrong. Use this as a guide and it becomes Crystal Clear what we should do or should not do.

We are all connected, once we truly understand this Truth, we will give as much as possible, as soon as possible, to as many people as possible...

Becos what goes round, comes around...and when everyone do it, this creates a exponentially Virtuous Cycle...and the world will become a better and better place, almost like Heaven...

But becos people are selfish and do not give, that's why the world now lives in scarcity and people fight with one another in a Win/Lose manner, when the Universe is clearly Abundant and thus, works on a Win/Win basis
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Today on News Radio 93.8 FM "Living Room" I was asked one of the things I learned from multi-millionaires on investing which is different from what is taught in school. I said, in school, we are taught to diversify between Equity and Bonds.

On the other hand, Real Investors have a very dynamic asset allocation, adjusting our Cash level and various investments as part of our strategy in different stages of a market cycle. For instance, in year 2006, 80% of my wealth was invested into stocks. In year 2008, only 10% in stocks and I had 70% Cash.

2 years ago in year 2010, I had 30% invested into stocks and only had 30% in cash while right now I'm holding 62% Cash, only 9% invested into stocks. That's how dynamic our Asset Allocation can be.

I discovered that what is taught in school might not work in the Real World of Investing, while what I learned from multi-milloinaires about investing, really works and I found myself getting richer as I learn from the Rich.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

moneyisfreedom wrote:Actually if they want to curb speculation, they should introduce targetted measures like having differentiated taxes based on size of properties. Shoe boxes should be taxed higher, or they should just limit the number of shoe boxes per development. However, they must know that curbing demand may make some frustrated at being left out of the real estate `route to riches'.

As an alternative, they should also provide for other avenues to invest = governemnt bonds should be made more accessible so that money will be channelled here = safe and with decent returns.

At the end of the day, money, like water has to have a place to go. And to lead to decent returns for the owners.
What we learned from school might be wrong as I have shared. Investment textbooks teach us that government bonds are safe and U.S. government bonds are basically "risk free" as they are known as Risk Free Asset, which is certainly NOT true in the current situation.

I personally think that bonds are very dangerous investments currently becos interest rates are at record low and Bond prices are at record high. Recently, Warren Buffett also warned investors in buying bonds NOW.

A 10 year Singapore government bond currently only yield 1.74%, while inflation in Singapore is currently 5.2%. This means that an investor who invest into Singapore 10 year government bond right now is Losing Money, since the returns is less than inflation rate, and losing 3.46%. And this person would lose even more money if inflation rate go up further or if interest rates go up.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

I posted on our PM's facebook page this message:

the diversity in Singapore is our Core strength, not weakness. The important thing is regardless of differences, we need to stand together and move forward as a nation, to do what is in the best interests of the Nation, which might not be in the best interests for ourselves.

Most importantly, all Singaporeans must remember that 没有国,那有家,没有家,那有我. Ask not what the country can do for us, but what can we do for our country.

I also want to give PM the assurance that there are times he needs to make decisions that may not go down well with all Singaporeans but he should go ahead if he knows it is in the best interests of the Nation as a whole.

A True Leader does what is right for the Nation instead of pandering to popular votes.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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Re: Frank Comments by Dennis Ng on various Topics

Post by Ms Tan »

Like!
Dennis Ng wrote:I posted on our PM's facebook page this message:

the diversity in Singapore is our Core strength, not weakness. The important thing is regardless of differences, we need to stand together and move forward as a nation, to do what is in the best interests of the Nation, which might not be in the best interests for ourselves.

Most importantly, all Singaporeans must remember that 没有国,那有家,没有家,那有我. Ask not what the country can do for us, but what can we do for our country.

I also want to give PM the assurance that there are times he needs to make decisions that may not go down well with all Singaporeans but he should go ahead if he knows it is in the best interests of the Nation as a whole.

A True Leader does what is right for the Nation instead of pandering to popular votes.
Dennis Ng
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Who will be the aged in year 2030? The government is talking about people in the 40s and 50s now. By year 2030, I'll be aged 61. By that time, if Singaporean population continues to shrink without "import" of people to become Singapore citizens, only 2 working age citizens to support 1 elderly...guess what will happen to Taxes such as GST? Maybe by then it'll be 20% instead of 7%.

Bottomline message: We need to import at least 20,000 new citizens each year.

Thus, it is our responsibility to take care of ourselves financially. I do not want to cause a burden to my children nor country when I'm old. That's why we must aim to reach Financial Freedom ourselves and not rely on children or government to support us in our old age.

2 working-age citizens to support 1 elderly by 2030

Published on Apr 25, 2012

By Goh Chin Lian

A child in kindergarten today will shoulder a heavier burden of supporting the elderly when he enters the workforce in 2030, even if Singapore takes in more new citizens than it does now.

Only two people like him will support each elderly citizen, instead of the six now, said the agency overseeing the country's population policy.

Details of the statistics in below url:

http://www.straitstimes.com/STI/STIMEDI ... 25-NG7.pdf

http://www.straitstimes.com/STI/STIMEDI ... 25-UBA.pdf

This could mean that tomorrow's workers may have to pay higher taxes to support higher government spending on the aged, while older people will have to work longer, warned experts.

'The shrinking working-age population and increasingly aged population will result in a deterioration of the citizen old-age ratio,' warned the National Population and Talent Division (NPTD) in a paper outlining five scenarios of Singapore's citizen population in the next few decades.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Have you ever lost money in stock investing?

Have you sold a stock only to see the price shooting up much higher after you sold?

Have you ever bought a stock only to see the price falling drastically after you bought?


In 1998, during the Asian Financial Crisis, I lost half of all my savings, yes 50% of it in the stock markets. At that time I don't know anything about Technical Analysis (TA), otherwise, I would have been able to base on some TA indicators to sell my stocks and avoided the "heart pain" losses.

Are there ways to determine when prices are likely to fall down, so that you can avoid buying high? Are there ways to determine when prices are likely to go up so that you can avoid selling low?

Do you know How to decide When to Buy and When to Sell a stock , not by luck, not by listening to rumours and with no need to analyse complicated Financial Statements?

If you do not know how to reliably determine when to buy or sell your shares or financial instruments, then you should attend this "Learning How Technical Analysis can reduce Loss and increase Gains" workshop. The good news is this Workshop is FREE and teaches you how to use one method in Technical Analysis to enable to you time the market so that you can make make money without having to suffer any big risk.

During this free workshop, you will be taught:

- How to know the right time to buy or sell your shares/financial instruments

- How to make money amidst uncertainties in the market

- How to make money even when prices are falling


Date: 3 May 2012

Time: 7:30 to 10:00pm (Registration starts from 7pm)

Venue: 9 Penang Road #13-15 Park Mall Singapore 238459

Fees: FREE workshop.

Speaker: Hui Yip Khiong (a trusted friend I know since year 1990 in my first year studying in Accountancy.

Seats are limited, to reserve your seat(s), please email your name and mobile number to taseminar@masteryourfinance.com

About the Speaker: Hui Yip Khiong
[/b
]
Yip Khiong is an Accountant by training and has been a keen learner of Technical Analysis from many teachers. He has founded TradeWizdom to share what he has learned through much listening, reading, thinking, practice and teaching in the field of Technical Analysis.

Since two years ago, he has been teaching the TA segment of Dennis Ng’s Secrets To Making Money in Stocks seminar.

Best regards,

Dennis Ng, co-founder of Wealth Directions Pte Ltd
http://www.WealthDirections.Asia
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

a lot of people do not understand there is really no reality. Our reality can be created by us, it is affected by our mindset, beliefs and actions. So our reality can be Rich, Happy, Healthy, it can also be Poor, Miserable and Unhealthy, much of it is actually created by us.

We can even change the world, by first just changing ourselves, and then next, influencing and changing those we know. And if those who know also do what we do, then sooner or later, the whole world is changed.

Stop living the life as a Victim. Stop giving yourself excuses and negative thoughts and beliefs. Start thinking positive, start talking positive and start doing positive things, then you will see your life turning from negative to positive.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

listen to Jim Rogers and you realise that he and I share quite similar views about the Global economy in year 2013. We didn't copy each other, merely coming to similar conclusions after we did our own independent thinking and analysis of the situation.

http://www.reuters.com/video/2012/04/24 ... =233862224

The year 2008 Crisis was caused by too much debt and over-borrowing. The last 3 years governments all over the world "solved" the problem by Borrowing More Money...it has merely postponed the Problem and Aggravated the Problem, NOT solving the problem.

This is why the next Crisis would hit us and why I think the next Crisis would be worse than year 2008 Crisis.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Many people erroneously think that the Highest level mentioned by Maslow is Self Actualisation, actually it is not.

In his later years, Maslow discovered there is a level higher than Self Actualisation, and that is Self-Transcendance.

http://www.newworldencyclopedia.org/ent ... nscendence

Cheers!

Dennis Ng

Self-transcendence

Maslow also proposed that people who have reached self-actualization will sometimes experience a state he referred to as "transcendence," or "peak experience," in which they become aware of not only their own fullest potential, but the fullest potential of human beings at large. Peak experiences are sudden feelings of intense happiness and well-being, the feeling that one is aware of "ultimate truth" and the unity of all things. Accompanying these experiences is a heightened sense of control over the body and emotions, and a wider sense of awareness, as though one was standing upon a mountaintop. The experience fills the individual with wonder and awe. He feels one with the world and is pleased with it; he or she has seen the ultimate truth or the essence of all things.

Maslow described this transcendence and its characteristics in an essay in the posthumously published The Farther Reaches in Human Nature. He noted that this experience is not always transitory and/or momentary, but that certain individuals might have ready access to it and spend more time in this state. Not long before his death in 1970, Maslow defined the term "plateau experience" as a sort of continuing peak experience that is more voluntary, noetic, and cognitive. He made the point that such individuals experience not only ecstatic joy, but also profound "cosmic-sadness" at the ability of humans to foil chances of transcendence in their own lives and in the world at large.

Maslow believed that we should study and cultivate peak experiences as a way of providing a route to achieving personal growth, integration, and fulfillment. Individuals most likely to have peak experiences are self-actualized, mature, healthy, and self-fulfilled. However, all individuals are capable of peak experiences. Those who do not have them somehow repress or deny them. Peak experiences render therapeutic value as they foster a sense of being graced, release creative energies, reaffirm the worthiness of life, and change an individual's view of him or herself. Maslow cautioned against seeking such experiences for their own sake, echoing the advice of the mystics who have pointed out that the sacred exists in the ordinary. Maslow further believed that domestic and public violence, alcoholism, and drug abuse stem from spiritual emptiness, and that even one peak experience might be able to prevent, or at least abate, such problems. Maslow's ultimate conclusion, that the highest levels of self-actualization are transcendent in their nature, may be one of his most important contributions to the study of human behavior and motivation.

Viktor Frankl expressed the relationship between self-actualization and self-transcendence clearly in Man's Search for Meaning. He wrote:

The true meaning of life is to be found in the world rather than within man or his own psyche, as though it were a closed system....Human experience is essentially self-transcendence rather than self-actualization. Self-actualization is not a possible aim at all, for the simple reason that the more a man would strive for it, the more he would miss it.... In other words, self-actualization cannot be attained if it is made an end in itself, but only as a side effect of self-transcendence (p.175).

Ken Wilber, author of Integral Psychology, later clarified a peak experience as being a state that could occur at any stage of development and that "the way in which those states or realms are experienced and interpreted depends to some degree on the stage of development of the person having the peak experience." Wilber was in agreement with Maslow about the positive values of peak experiences saying, "In order for higher development to occur, those temporary states must become permanent traits."
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

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Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

after ranking 7th last week, this week, my book "What Your School Never Taught You About Money" climbed back to the No. 3 Spot for Straits Times Bestseller List for Non-Fiction books. It's the 14th week it's ranked in Top 3 of Straits Times Bestseller list. In the same time period, many books have come and gone on the bestseller list.

Another Good News! Now my book "What Your School Never Taught You About Money" is available in Malaysia, you can buy it online at Malaysia MPH online

http://www.mphonline.com/books/nsearchd ... 9810705060
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
hope
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Re: Frank Comments by Dennis Ng on various Topics

Post by hope »

Hi All,

After listening to what Jim Rogers shared in Reuters, he mentioned about investing in commodity & Agriculture index. I am also aware companies like Temasek also investing in commodities recently too. I am just wondering is there commodity and agriculture index listed in SGX or it is only listed in US stock exchange? And what is your view in investing in commodity/ agriculture index?

Thanks in advance.

Best regards,
Beng Chin
Hi, I am newbie and just graduated from Dennis's seminar last week. Hope to learn from all of you :)
hope
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Re: Frank Comments by Dennis Ng on various Topics

Post by hope »

Hi All,

Just to add on my thinking, which may be contradicting...on 2nd thought if one buy agriculture index and hoping the price goes up that will means we are anticipating the food price will go high up as well. when that happens, what will happen to many people? not mentioning the less fortunate ones. :(
Hi, I am newbie and just graduated from Dennis's seminar last week. Hope to learn from all of you :)
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