I had a conversation with a Singaporean who is now living in Australia. He was previously an oil trader and is now "retired".
During the stock market downturn, he increased his investment in shares and made a good profit.
He said - I have some spare cash and I took advantage of the crash to increase my holdings. My past experience in oil trading was an advantage.
He asked my views whether he should increase his investment in shares, using some of his uninvested cash.
The market has started to drop again, so he was not sure. Hello - I thought he was an oil trader?
Here is my reply
9 comments:
ONCE THE GOVERNMENT HANDOUTS CEASED, MORE BUSINESSES WILL CLOSE DOWN MORE RETRENCHMENTS WILL BE ON THE CARDS. THIS IS ONLY THE BEGINING. GOVERNMENTS HELP CANNOT BE INFINITUM. IT HAS TO STOP SOMEWHERE?
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When Goh Chok Tong and Lee Hsien Loong were Prime Ministers, the people no matter what felt secure, knowing that when Singapore was to sink, the country had a great man from behind, ready to jump out from his grave to save us till 23rd March 2015.
Now we not only do not have the security, but we also have men who do not possess half of those qualities of one great man.
Once the ***POWERPOINT*** and a few of his good men retire the most in 10 years,
Most will be living in multi-million pigeon-holes
No consistencies in law and order
More hostilities within people
Un-orderly public servants
Crime rates will be an upswing
Policies will be just for the sake of of doing a job
Infighting
Poor workmanship in the construction industry
In case of a war breaking out here, no one will defend. All will be on the first flight out
Corruption will increase
Maintenance for the country will erode
People will have to need a miracle to survive.
Another sour grape said that he was hoping that a new team will take over in 2030. He is allowed to have his opinion who is he to decide?
GRAVITY-“what goes up must come down”
Businesses down
Stock market down
Salary down
Property sales down
People too are down.
The minimum wage is not doable, it came from the oppositions?
GST is doable, it came from his party?
Prices going up or down depends on the way of accounting and what kind benchmark compared to. Do not believe what some are trying to sell.
Correct the property sales number if compared to the 2 months of lockdown period sure the percentages will be looking high after that?
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