Wednesday, June 29, 2022

WOTC - Compensation to owner of repossessed HDB flat

 Wisdom of the Crowd: 44% of the respondents said that a fair compensation to the owner of a repossessed HDB flat is the current market value. The remainder suggested a premium between 10 to 30%.

Tuesday, June 28, 2022

WOTC - Replacement flat under SERS

 Wisdom of the Crowd: 48% of the respondents said that for owners affected by SERS, HDB should offer a replacement flat nearby for the same remaining tenure. 40% said that HDB should offer a compensation at 20% above the market price and let the owner find a resale flat.

Monday, June 27, 2022

Choice of vaccine - 2nd booster

 I am taking my second booster (fourth jab) today.

In my chat group, there was active discussion about choose the type of vaccine for the second booster.

WOTC - Work from home

 Wisdom of the Crowd: 71% of the respondents said that only staff who can be monitored by results or who can be trusted should be allowed to work from home. If these conditions are not met, they have to report for work in the office.

Sunday, June 26, 2022

Universal payment system for small retailers

 I propose this concept for Singapore to promote a universal payment system for retailers. It does not require the customer to have a mobile phone or credit card.

The approach can be used for other countries as well.

Life insurance agent sold an unsuitable policy

 My friend asked my advice on the following case.

a) His relative, aged 50, bought a life insurance policy. The annual premium represents more than 20% of the annual income. The policy has a 50 year term

b) The policy projected a return of 8% per annum. The policyholder signed a declaration that she was aware of the high risk. But in actual fact, she did not understand what she was signing. She trusted the agent and signed blindly.

c) The policyholder would not be able to pay the premium after retirement. How could the agent sell such an unsuitable policy?

WOTC - Install CCTV at home

 Wisdom of the Crowd: 90% of the respondents prefer to work in the office rather than install a CCTV for the manager to monitor their work at home.

Saturday, June 25, 2022

Wisdom of the Crowd - New Issues

1. Should America have a national law that protects the right for an abortion?
2. Should abortion be allowed?
3. Is adoption a solution to babies born to poor parents?

Vote in

Constitutional right to abortion

 There is a strong controversy in America over the Supreme Court ruling that overturns the constitutional right to an abortion. The new ruling will allow the states to pass laws to ban abortion.

I give my view over this controversy.

Use stored value cards for small payments

Friday, June 24, 2022

WOTC - No massacre in Tiananmen Square in 1989

 Wisdom of the Crowd: 59% of the respondents said that there was no massacre in Tiananmen Square in 1989.

WOTC - Foreign navy ships in the South China Sea

 Wisdom of the Crowd: 58% of the respondents said that the navy ships passing through the South China Sea are moving too close to China's borders and are a threat to China's security.

WOTC - Will Ukraine win back the Donbas?

 Wisdom of the Crowd: 77% of the respondents said that Russia will win and retain control of the Donbas region of Ukraine.

Tuesday, June 21, 2022

Monday, June 20, 2022

Wisdom of the Crowd - New Issues


1. Should HDB offer a replacement flat for an owner affected by SERS?
2. What is a fair compensation to an owner of a repossessed HDB flat
3. Should the owner of a repossessed HDB flat pay a levy on the current flat

Vote in

WOTC - Wristband with emergency contact number

 Wisdom of the Crowd: 83% of the respondents said that they will use a wristband with an emergency contact number for elderly people or young children.

Sunday, June 19, 2022

WOTC - Govt is adding to cost of living

 Wisdom of the Crowd: 90% of the respondents said that the government is adding to the cost of living by raising prices, charges and GST.

WOTC - Favorite colors for wristband

 The favorite colors for the silicone wristband containing the telephone contact are blue, red, yellow, black.

How to live with high inflation

I will make a statement that will not be well received by most people.

The world is facing high inflation. Singapore is also facing high inflation.

Saturday, June 18, 2022

My investment in China tech stocks

 I invested $475,000 SGD in 3 China tech stocks, namely Alibaba, Baidu and SMIC. They show a loss of 22.2% or $105.000.

These stocks are on average about 50% down from their peak prices during the past 52 weeks.

Get higher occupancy for buses

I often see buses passing a stop with 20% occupancy or less. This is wasteful and costly.

How can we achieve better occupancy without overcrowding?

Friday, June 17, 2022

My investment in New Oriental Education

 I was quite lucky. I could have lost $128,000 SGD in New Oriental Education if I sold off at the worst point.

I held on to the stock and sold all of the stock at a higher price and realized a gain of $59,000.

Excellent customer service from Air SIM

 I congratulate AIR SIM for their excellent customer service. It is among the best that I had encountered.

WOTC - Which party will you vote

 Wisdom of the Crowd: 89% of the respondents said that they will vote for more opposition MPs at the next general election.

Thursday, June 16, 2022

WOTC - Price controls on essential commodities

 Wisdom of the Crowd: 55% of the respondents said that the government should implement supply or price controls on essential commodities for an extended period to combat inflation.

Provide an alternative 2FA

 Organizations that require 2FA should provide an alternative 2FA in case the user loses the mobile phone.

Risk of cyber security

 I share this message with cyber security experts. Consider the risks that your protocols impose on the ordinary users.

Wednesday, June 15, 2022

WOTC - How to help elderly people financially

 Wisdom of the Crowd: 68% of the respondents said that we should allow an elderly person to have suitable work (e.g. 4 hours a day) that is not strenuous and pay a modest wage.

My investment in New Oriental Education

 I have good experience on my investment in New Oriental Education (EDU, 9901.HK). My loss of 50% has turned into a gain of 10% over the past three months.

Bad telephone service from large organizations

Many large organizations in Singapore have bad telephone service. The customer takes a long time (sometimes up to 30 minutes) for a call to be answered.

Tuesday, June 14, 2022

WOTC - Give every person a suitable job

 Wisdom of the Crowd: 71% of the respondents prefer an economic strategy that goes every person a suitable job that pays an adequate wage.

Stay invested in a bear market

 When the stock market drops sharply, do not sell your stocks (if you have invested in cash and are not on margin). The stock prices are undervalued. They will rebound when the squeezed investors have sold their stocks.

Here is an explanation that I gave a few weeks ago.

I have invested in cash, so I do not sell at the depressed prices.

Instead, I have some spare cash that I will invest in this bear market. But I will choose the stocks that are undervalued.

I will not choose the US stocks that have PE ratios above 20 times.

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