Tuesday, January 11, 2011

Bursting of the bubble [2]

Dear Mr Tan,
Thanks for your blog and sharing the tips on “How to survive the bursting of the bubble”. It has been helpful in many ways. I agree with you on the bubble. The current property anti-speculation measures has certain overlap with those introduced in 1996. This link  from REDAS shows the significant events and historical property price index of the past from 1960 to 2006.
The Asian Financial Crisis in July 1997 is somewhat triggered by inflow of “hot money” targeted at the currency. Nevertheless, China is preparing to combat the inflow of “hot money” 

However, as much as anti-speculation policies can be introduced, all it takes is just a significant event to trigger any short selling such as when the South Korea went ahead with the military drill despite threats of North Korea

I have currently more than S$100k invested in Singapore and HongKong shares of which the values have appreciated from the time which is bought many years ago. The plan is to slowly sell it probably from Feb 2011 onwards to the period of Singapore general election date and wish to seek your advice on the timing.


REPLY
I am not able to give timing advice. But in general, it is better to get out of the market when it is high, and not wait for it to go higher. Wish you all the best.

3 comments:

BI-Social Media said...

Today I queued up at OCBC Raffles Place Branch and was highly impressed by their morning greeting from all the staff in the bank! Kudos to OCBC to engage their customers

yujuan said...

Agree with above comment. Of all the local banks, OCBC stands out prominently with its excellent service. Just before the previous financial crisis, an investment officer of this bank did an analysis, and avoided all more risky investments on my profile, and he saved me from being caught. On the reccommended insurance products I purchased, I was given a batch of free supermarket vouchers to shop for at least six months. That Angmo CEO
really knows how to work up the local scene, always the first to come up with innovative products that catch our attention.
We call OCBC a bank with a big heart. The other two locals pale in comparison, always out to snare us with no good intention.

Piz said...

I love OCBC's service too, been with them for quite some time now. I think I am going to stick with them for a little longer. Well done, OCBC!

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