WOTC - Corruption in Singapore

Wisdom of the Crowd: 85% of the respondents said that Singapore has a high level of corruption involving cronies. 15% think that our system is quite free of corruption.

https://tklcloud.com/Crowd2/chart.aspx?ID=1806

WOTC - The future for Taiwan

Wisdom of the Crowd: 34% of the respondents said that Taiwan will continue to prosper with links to the outside world after the re-election of President Tsai. 7% think that Taiwan will continue to work with China. The other respondents expect a difficult time for Taiwan.

https://tklcloud.com/Crowd2/chart.aspx?ID=1805

WOTC - Promoting freedom and democracy

Wisdom of the Crowd: 90% of the respondents said that the US is not promoting freedom and democracy. It is pursuing its own economic interest and agenda.

https://tklcloud.com/Crowd2/chart.aspx?ID=1804

WOTC - US economic sanctions

Wisdom of the Crowd: 68% of the respondents said that the US is abusing its economic power and implementing economic sanctions in a haphazard and unfair manner.

https://tklcloud.com/Crowd2/chart.aspx?ID=1803

Wisdom of the Crowd - New Issues

1. Will the Wuhan virus become very serious
2. Is the court being fair to SDP on the POFMA hearing?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - POFMA hearing in open court

Wisdom of the Crowd: 66% said that the govt should get rid of the confusing POFMA law. 34% said that the hearing should be held in open court.

https://tklcloud.com/Crowd2/chart.aspx?ID=1802

WOTC - Data on PMET employment

Wisdom of the Crowd: 59% of the respondents said that MOM refuse to provide data on PMET employment because they have something to hide. 24% said that the data is confusing.

https://tklcloud.com/Crowd2/chart.aspx?ID=1801

Difficult to change legacy system

My friend said that it is when the traditional manufacturers like GM, Ford, Toyota, BMW starts to manufacture electric cars, Tesla will face strong competition. He thinks that Tesla will not be profitable.

I disagree.

https://tklcloud.com/Feedback/feedback2.aspx?id=2480

Provide direction signs to main entrance

I attended a presentation at Pixel building in One North. I checked Singapore map and found the building. It is a JTC building.

There was no indication on the map where the entrance is. There was also no sign on the site. It was a strange building.

I walked round the building. I could not find the entrance. I walked again. I finally saw it near the car park.

If someone drives into the car park, they can see the entrance. But if the visitor does not drive, it is quite confusing.

I had a similar problem when I visited another JTC building in Woodlands one month ago. The building is called Wave 9. It is a large building. There is no indication where the main entrance lobby is. I have to walked around this huge building.

Why are signs in Singapore so bad? Why can't they indicate where is the main entrance to the building?

https://tklcloud.com/Feedback/feedback2.aspx?id=2479

WOTC - Withholding of education certificate

Wisdom of the Crowd: 10% of the respondents viewed favorably the minister's decision to review the withholding of education certificates. The other 90% are unhappy with the further delay.

https://tklcloud.com/Crowd2/chart.aspx?ID=1798

WOTC - Fair consideration framework

Wisdom of the Crowd: Only 3% of the respondents agree with MOM' strategy to strengthen the Fair Consideration Framework. The others prefer MOM to adopt other strategies.

https://tklcloud.com/Crowd2/chart.aspx?ID=1797

Wisdom of the Crowd - New Issues

1. Should family members be barred from holding key positions in govt agencies?
2. Are food prices still cheap in Singapore

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Wisdom of the Crowd

Vote on these issues and win a prize at the end of January.
https://tklcloud.com/Crowd2/active_issue.aspx

WOTC - Opinion of Chan Chun Sing

Wisdom of the Crowd: 100% of the respondents have a negative view of Chan Chun Sing.

Alamak, so bad? It is unfair to him.
https://tklcloud.com/Crowd2/chart.aspx?ID=1796

WOTC - View of President Trump in US Iran conflict

Wisdom of the Crowd: 71% of the respondents have a negative view of President Trump's approach in the US Iran conflict.

https://tklcloud.com/Crowd2/chart.aspx?ID=1795

Will Singapore do well under a non PAP govt?

I will be frank.

There will be good and bad points.

https://tklcloud.com/Feedback/feedback2.aspx?id=2472

How to get local born citizens to accept new citizens

I like to suggest how to get our local born citizens to accept new citizens.

We should expect the new citizens to have the same obligations as local born citizens, especially in the field of national service.

But new citizens may be too old to serve national service, or they may not want to be new citizens if they have to suffer this obligation.

What can be done?

The solution is "out of the box".
https://tklcloud.com/Feedback/feedback2.aspx?id=2467

Wisdom of the Crowd - New Issues

1. Will global stock markets advance further in 2020?
2. Will the property market in Singapore recover in 2020?
3. Are many PMETs losing their jobs in Singapore?
4. Will Heng SK deliver a financial plan for the future?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Keep apps simple and focused

Many of the apps are difficult to use. They contain too many options. They distract from the key functions that users need in the app.

https://tklcloud.com/Feedback/feedback2.aspx?id=2466

E-payment in mall in Thailand

When I visited a food court in a mall in Thailand, I cannot pay cash. I have to pay by a card.

I was directed to the customer service counter. I gave cash to the staff who issue me with a payment card with the amount entered into the card.


I had to pay for my purchases with the card. The stall enter the amount into a device and I tap my card. That's it. It is quite easy.

https://tklcloud.com/Feedback/feedback2.aspx?id=2465

QR Code takes more time

I went to Yummy Noodles in Sembawang Hills Food Center and ordered $4 laksa. I opted to pay by QR code. It is the only stall in the food center that accepts this option.

I had to take many steps to make this QR payment. I explain below:
https://tklcloud.com/Feedback/feedback2.aspx?id=2464

How Boeing’s role in a deadly crash ‘got buried’

New York Times reported.

How Boeing’s role in a deadly crash ‘got buried’

When a Boeing 737 crashed near Amsterdam in 2009, killing nine people, the accident was blamed on Dutch pilots. But Boeing’s mistakes also contributed, including its design choices and faulty safety assessments.

A review by The New York Times of evidence from the 2009 accident, some of it previously confidential, reveals striking parallels with recent Boeing crashes that killed hundreds — and resistance by a team of Americans, including Boeing and federal officials, to a full airing of findings that later proved relevant to Boeing’s Max plane.
An expert commissioned by the Dutch Safety Board to analyze the 2009 crash said it “represents such a sentinel event that was never taken seriously.” His study was never made public.

Comparisons: In the 2009 and Max accidents, the failure of a single sensor caused systems to misfire, with catastrophic results, and Boeing did not provide pilots with information that could have helped them react to the malfunction.

Quotable: The Turkish Airlines crash “should have woken everybody up,” said one aviation safety expert.

Viral ailment spreads in Asia, feeding fears of pandemic

New York Times reported.

Viral ailment spreads in Asia, feeding fears of pandemic

The coronavirus causing a new respiratory illness is now capable of spreading from person to person, a prominent Chinese scientist said on Monday, as the authorities reported a third death and doubled the number of cases from a day earlier, including in Beijing and southern China for the first time.
Cases have also been reported in Japan, South Korea and Thailand.

With hundreds of millions of people in China expected to travel for the Lunar New Year holiday, which begins Friday, public health officials are working to forestall a major outbreak. Some experts have suggested that there are probably far more cases of the illness than China’s authorities have disclosed.

Wisdom of the Crowd - New Issues

1. Will global stock markets advance further in 2020?
2. Will the property market in Singapore recover in 2020?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Priority of education policy

Wisdom of the Crowd: 86% of the respondents voted to change the focus to produce educated students rather than top students. 11% voted to abolish the scholarship system. 3% voted to reduce the syllabus.

https://tklcloud.com/Crowd2/chart.aspx?ID=1794

WOTC - Govt policy on National Service

Wisdom of the Crowd: 54% of the respondents prefer PR and new citizens to serve national service. 29% prefer to abolish NS and depend on a professional army. 17% prefer to reduce the time spend in NS and reservist by half. Nobody opted to continue NS it is current form.

https://tklcloud.com/Crowd2/chart.aspx?ID=1793

Articles on insurance and investments

These articles on insurance and investments are written for members of FISCA.

For the time being, they are also available to non-members, but after the email address is provided.
https://fisca.sg/Article.aspx

Difference of 34% in drug prices at public hospitals

The ministry of health has given this explanation. I find it unacceptable. Frankly, it is a load of rubbish.
https://tklcloud.com/Feedback/feedback2.aspx?id=2463

Health apps

I downloaded two apps from Ministry of Health.

a) Health 365 encourages users to exercise daily
b) Health Hub allows users to book appointments and keep their health records.

Both apps are useful, but they are over-designed. They have too many functions and information. It confuses the users. Often, I get stuck on a screen that I do not want and have to find many ways to get out of it.

https://tklcloud.com/Feedback/feedback2.aspx?id=2462

What is the point of segregating the data by citizen type?

Minister Chan Chun Sing asked - what is the point of segregating the data between citizen and permanent resident?

The answer is obvious - there is a perception that local born citizens have a higher risk of losing their jobs through retrenchment and are forced to take a job as a driver or delivery crew, just to make a living.

The perception is that a large number of the new jobs go to permanent residents and foreigners, which could have gone to these locally born citizens.

https://tklcloud.com/Feedback/feedback2.aspx?id=2457

Difficult to make an appointment at polyclinic

I faced the following problem in making an appointment to visit the polyclinic. Here is my feedback.

https://tklcloud.com/Feedback/feedback2.aspx?id=2456

Prerequisites for new citizens

I wish to give my views about prerequisites for new citizens.
https://tklcloud.com/Feedback/feedback2.aspx?id=2455

Wisdom of the Crowd - New Issues

1. What is the best outcome for the general election?
2. Do you believe in ghosts?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Singapore spends $3.5 billion on fighter jets

Wisdom of the Crowd: 90% of the respondents said that it was not wise for Singapore to spend $3.5 billion on the fighter jets.

https://tklcloud.com/Crowd2/chart.aspx?ID=1792

WOTC - Shooting down of Ukrainian plane

Wisdom of the Crowd: 55% of the respondents said that Iran should take responsibility for the shooting down of the Ukrainian airline. 32% blame the US.

https://tklcloud.com/Crowd2/chart.aspx?ID=1791

Another ponzi scheme, involving blockchain

Someone said.

I have a friend who invest in a digital bitcoin website blockchain advertising business, they promised him a payout of 2% per months , meaning he will get 24% per year ! This looks perfectly a good investment.

But he did not really know how this business really can delivers the returns as these returns are projections based on the company leaders self claim they can do it easily without showing how they can consistently deliver the results in a safe and sustainable way in long term.

Not long after he invested in his high hopes investment, he saw his investment value has achieved a 200% over a period of time . Later , he was encouraged by the company leaders to recruits members like him to join in and earn the rewards to invest in this scheme. The new recruits was also able to see their returns every month, but they cannot withdraw the money for the first two years but can see the value in digital figures. He also earns their joining fee.

He was so happy and wanted to cashout the investment for his children education in a local university. Little did he realize in digital sums in the Statement showing his 200% increase value that states he can withdraw the money after a promise minimum lock in period. He tries to withdraw the money, the system denied his request, mentioned the server is down and the company leaders mentioned that they are trying to rectify the issues. Months has passed , he still couldn’t withdraw the money inside .

The D - Days comes But was too late. He tried to call the office about the investment in the digital bitcoins on how he can get all the digital money out but only discovered that the telephone number is not in used and the office is closed. The company leaders which he keep in touch also went missing eventually!

Moral of the story, there is no such things of safe investment when comes to unqualified valuation and investment returns that are too good to believe in! In short, if you are promise a Mandate, and the mandates are part of the always changing mandates according to the company policy as part of the investment mandates, you should always beware the Risk? How True ?

MY COMMENT - Hello, this is a ponzi scheme. The promoter take the money from the later investors to pay the attractive return of the earlier investors. The ponzi grows in geometrical proportion. When the promoter has made enough money, he disappear with all the investments. The investors lost all of their money.

Wisdom of the Crowd - New Issues

1. What will happen to Taiwan after the landslide win of President Tsai
2. Does Singapore still have a high level of non-corruptibility?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Conflict between US and Iran

Wisdom of the Crowd: 81% of the respondents expect the conflict between US and Iran to continue and will not be resolved soon.

https://tklcloud.com/Crowd2/chart.aspx?ID=1790

WOTC - Use of e-payment for small transactions

Wisdom of the Crowd: 66% of the respondents said that Singapore should move towards e-payment for small payments.

https://tklcloud.com/Crowd2/chart.aspx?ID=1789

Is crony capitalism a form of corruption?

The Online Citizen has a report that Singapore has a high rating for being "non-corrupt" but ranks 4th on the crony capitalism index. Is crony capitalism a form of corruption?

Let me give my view.
https://tklcloud.com/Feedback/feedback2.aspx?id=2453

To build an inclusive society

Whenever I hear PM Lee say that he wants to build an inclusive society, I wonder what he means.

He may have a different understanding of an "inclusive society" from what I have. Let me say what I understand this condition to be.

https://tklcloud.com/Feedback/feedback2.aspx?id=2452

Alternative to POFMA

The govt has to pass a ridiculous law called POFMA. It is now being used to deal with alleged false statements issued by opposition parties. In some cases, these are just alternative opinions, but the minister invoked POFMA in an unfair way.

What is the alternative to a law on POFMA?
https://tklcloud.com/Feedback/feedback2.aspx?id=2447

Wisdom of the Crowd - New Issues

1. Is the US implementing economic sanctions correctly?
2. Is the US promoting democracy and freedom?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Hostility between US and Iran

Wisdom of the Crowd: 84% of the respondents said that the hostility between US and Iran will not lead to an all out war.

https://tklcloud.com/Crowd2/chart.aspx?ID=1788

WOTC - POFMA has been implemented badly

Wisdom of the Crowd: 97% of the respondents said that POFMA has been badly implemented for the first four cases.

https://tklcloud.com/Crowd2/chart.aspx?ID=1787

Queuing for popular items

People can queue for many hours, sometimes days, for popular products, for example:

a) new product releases
b) admission to primary schools
c) booking of hot properties

Sometimes, the long hours of queuing could lead to disputes among the people in the queue. Sometimes, proxies are used to stand in the queue in payment for a fee by the intended buyer.

Surely, there is a better way to handle the allocation of priority?

Here is my suggestion.
https://tklcloud.com/Feedback/feedback2.aspx?id=2442

Wisdom of the Crowd - New Issues

1. Why does MOM not provide data on PMET employment?

2. Should the POFMA hearing be held in open court?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Minister give order to AHTC

Wisdom of the Crowd: 97% of the respondents said that it is not proper for the minister for national development to give an order to Aljunied Hougang Town Council.

https://tklcloud.com/Crowd2/chart.aspx?ID=1786

WOTC - POFMA order against SDP

Wisdom of the Crowd: 92% of the respondents said that the minister for manpower should withdraw the POFMA order against the SDP.

https://tklcloud.com/Crowd2/chart.aspx?ID=1785

How insurers cheat their way out of bad products

Some insurance companies offer investment policies that guaranteed a high rate of return. When the investment return drops, due to economic situations, they suffer a large financial loss.

This has happened many times during the past decades. Some of the insurers found a way to "cheat" their customers and get out of the loss.

This is what they do.
http://www.fisca.sg/ArticleDisplay.aspx?ID=669

My Tesla story - episode 1

I will continue my Tesla story for those who are interested to follow me. This story is not for people who are cleverer than me, and who post remarks "I told you so".

When Tesla was on the way "to the moon", I sold 100 shares at $517 and another 100 shares at $524. I still kept 100 shares.

The shares went up to $540 in the pre-market. During the subsequent two nights, it dropped at the worse point to $500 (drop of 7.4%), due to two negative forecast from Tesla bears. It closed at $513. I watched the price moved up from $500 but was not brave enough to buy (I am not HC, OK?)

Hello, a drop of $40 on 100 shares is USD 4,000, ok? Don't play play.

I now have to decide. Should I sell my 100 shares or buy another 100 shares? I will consider carefully and make my decision later.

I can show you how to be "clever". At one place, I will post "sell" and give the reasons. At another place, I will post "buy" and give another set of reasons.

After the price has moved, I will refer to the "correct" post and say "I told you so". Clever or not?

It is easy to be "clever" with the benefit of hindsight, but it is difficult when the speculator has to decide with real money. A middle step is to open a "demo account" with Plus 500 and invest with "fake money". It is still difficult.

What say you?

Wisdom of the Crowd - New Issues

1. PM Lee said that govt online transactions are convenient.
2. What is the best way to make small payments?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Ensure locals are employed

Wisdom of the Crowd: Only 11% of the respondents agreed with the govt's approach to strengthen the Fair Consideration Framework to ensure that locals are employed. the other 89% prefer other approaches.

https://tklcloud.com/Crowd2/chart.aspx?ID=1784

WOTC - Cash and credit card payment

Wisdom of the Crowd: 58% of the respondents prefer cash and credit card payment because it is convenient and free. They are not aware about the hidden cost that is reflected in the prices that they pay.

https://tklcloud.com/Crowd2/chart.aspx?ID=1783

Use of e-payment cards

Many banks in Indonesia issue e-payment cards. They call it e-money.

The e-money cards are anonymous. They are topped up by transferring cash into the e-money cards at convenience stores, supermarkets and at banks.

https://tklcloud.com/Feedback/feedback2.aspx?id=2438

Wisdom of the Crowd - New Issues

1. MOM will strengthen the Fair Employment Framework

2. The education minister will review the need to hold back PSLE/GCE certificates

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Wisdom of the crowd

Vote on these issues and win a prize

https://tklcloud.com/Crowd2/active_issue.aspx

WOTC - Cope with loss of jobs

Wisdom of the Crowd: The respondents prefer the following measures to help people to cope with the loss of jobs during a recession - allow CPF savings to be withdrawn (38%), govt to create public sector jobs (35%), give unemployment benefit (15%), give govt loans at modest interest rate (9%)

https://tklcloud.com/Crowd2/chart.aspx?ID=1782

WOTC - general election in Singapore

Wisdom of the Crowd: 73% of the respondents expect the general election to be held in March/April 2020. The others expect it to be held later.

https://tklcloud.com/Crowd2/chart.aspx?ID=1781

E-payment in Jakarta

My friend in Jakarta have 3 children, aged 9 to 16 years.

Their mother gave them a mobile phone each, and top up their e-wallet every day. The children use the mobile phone to make payment using QR code.

I was surprised. It seems that many people in Jakarta use e-payment. It seemed to be more common than in Singapore.

I hear so many excuses in Singapore. In spite of the encouragement by PM Lee to move to e-payment over 2 years ago, nothing much has happened.

Is this what is happening in Singapore? Are we slower than Jakarta? It is very sad.

Help people to cope with a recession

I read an article that China is taking steps to make sure that their people have jobs during the global slowdown.

My friend in Jakarta told me that Indonesia is also implementing similar measures. They create jobs to keep people employed.

What about Singapore? We have a govt that does nothing but just talk, and they talk theory and nonsense.

OK - what do I expect them to do? They can try some of my ideas here.

https://tklcloud.com/Feedback/feedback2.aspx?id=2403

#HearMeOut

Click on this link to read the popular feedback posted by TKL and writers to the newspapers on issues affected life in Singapore.

https://tklcloud.com/Feedback/most_view.aspx

PDPA is a badly written law

The Privacy and Data Protection Act is a badly written law. It has caused a lot of unnecessary trouble and cost in administration. It does not achieve its primary goal of stopping the real intrusion of privacy.

https://tklcloud.com/Feedback/feedback2.aspx?id=2428

Wisdom of the Crowd - New Issues

1. Which option do you prefer for our national defense.
2. How should our education policy be changed?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Wisdom of the Crowd - New Issues

1. How would you describe President Trump's approach in the recent Iranian conflict

2. How would you describe minister Chan Chun Sing?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - President Trump threaten to attack 52 Iranian sites

Wisdom of the Crowd: 52% of the respondents said that President Trump wanted to give a warning to Iran not to attack US assets and citizens. The other respondents have other views.

https://tklcloud.com/Crowd2/chart.aspx?ID=1780

WOTC - Killing the military head of Iran

Wisdom of the Crowd: 70% of the respondents said that it is not proper and not wise for America to kill the military head of Iran.

https://tklcloud.com/Crowd2/chart.aspx?ID=1779

Low fee for old folks home in Malaysia

Mr X came from Malaysia and worked in Singapore for many years. He might have converted to citizenship now.

He used to work in a MNC but lost his job as the MNC left Singapore.

He could not get another job, so he became a cook at a stall.

He has a mother, in the mid 70s, living in Butterworth, Penang. As the mother was living alone, he sent her to live in an old folks home.

What is the fee? He said RM 800 a month. It is a privately run home, and not a charity.

A similar old folks home in Singapore would cost $3,000 or RM 9,000. That is 10 times of what he paid in Butterworth.

If any minister ask me - what is the point of this post?

Well, I tell the stupid minister. This is to show that it is better to keep the cost of living low, so that people can afford the cost, rather than to jack up the cost to sky high levels and create all kinds of convoluted subsidy and funding schemes.

PM Lee - I hope you are reading.

https://tklcloud.com/Feedback/feedback2.aspx?id=2424

Protect consumers against rejected claims caused by alleged non disclosures

I have seen many cases of consumers being denied legitimate claims due to alleged non disclosures. I ask the regulator to study this matter and get insurers to adopt a code of practice that is fair to consumers.

https://tklcloud.com/Feedback/feedback2.aspx?id=2423

Why are electricity prices increased when the prices of gas has fallen?

a reader asked this question in the Straits Times Forum. The director of the Energy Market Authority gave this reply. Is he giving the correct picture?

https://tklcloud.com/Feedback/feedback2.aspx?id=2422

WOTC - Ban on use of PMD on footpath

Wisdom of the Crowd: 67% of the respondents said that the food delivery riders will observe the ban on the use of PMDs on footpaths.

https://tklcloud.com/Crowd2/chart.aspx?ID=1778

WOTC - Description that best fits Heng SK

Wisdom of the Crowd: 83% of the respondents describe Heng SK as not suitable to be PM. 17% describe him as competent and a pleasant personality.

https://tklcloud.com/Crowd2/chart.aspx?ID=1777

Living in fairyland

The big tech stocks in America have an average PE ratio of 50 and a dividend yield of 1%.

This means that the current price is 2 times of a fair value for a growth stock, say PE ratio of 25 and dividend yield of 2%.

This high valuation is due to the historical low interest rate, which is negative in some countries. Investors are paying 2 times of the price to get the same dividend.

Half of the wealth in the world is ephemeral.

This will not continue for long. Look for the global stock markets to drop by 50% when the economic conditions become more "sensible".

But this may take many years to happen. In the meantime, we live in fairyland.

Wisdom of the Crowd - New Issues

1. Who should take the blame for the shooting down of the Ukrainian plane in Iran?

2. Was it a wise decision for Singapore to spend $3.5 billion on new fighter plans?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Wisdom of the Crowd:

Vote on these issues and win a prize at the end of the month.

https://tklcloud.com/Crowd2/active_issue.aspx

WOTC - Opinion of Dr. Mahathir as a leader

Wisdom of the Crowd: 59% of the respondents have a positive opinion of Dr. Mahathir as a leader. 41% has a negative opinion.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1776

WOTC - Opinion of Lee HL as a leader

Wisdom of the Crowd: 100% of the respondents have a negative opinion of Lee HL as a leader.

See the details in
https://tklcloud.com/Crowd2/chart.aspx?ID=1775

Wisdom of the Crowd - New Issues

1. Should Singapore move towards e-payment, instead of paying cash?

2. Do you expect Iran to launch more attacks against American interest?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - State education center in Xinjiang

Wisdom of the Crowd: 56% of the participants said that it is all right for the state to mandate compulsory education for children, provided that the parents have the right to see what is being taught.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1774

WOTC - Treat accident victims in nearby hospital

Wisdom of the Crowd: 82% of the participants said that the victims of a traffic accident should be sent to a nearby hospital, even if it is a private hospital.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1773

Review the policy on home ownership

The Singapore govt encouraged home ownership during the past decades. It is time to review this policy.

http://tklcloud.com/Feedback/feedback2.aspx?id=2413

Option to rent HDB flat

We should give an option for people to rent HDB flats, instead of forcing every one to buy a flat.

It will help to improve the birth rate and also reduce the financial burden for young people.

See here.
http://tklcloud.com/Feedback/feedback2.aspx?id=2293

Wisdom of the Crowd - New Issues

1. Has POFMA been implemented properly on the first four actions?
2. Will the hostility between US and Iran escalate into a war?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - CPF release actual name of complainant

Wisdom of the Crowd: 84% of the respondents said that it is not proper for CPF to release the actual name of the respondents.

See the breakdown of their votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1772

WOTC - LTA stop car pooling service to JB

Wisdom of the Crowd: 91% of the respondents disagreed with the action taken by Land Transport Authority to stop the car pooling service between Singapore and Johore Bahru.

See the breakdown of their votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1771

WOTC - Stand united with the government

Wisdom of the Crowd: 75% of the respondents are not prepared to stand united with the government. 25% are willing to.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1770

WOTC - Economic prospects for 2020

Wisdom of the Crowd: 78% of the respondents are pessimistic about the economic prospects for 2020. 22% are neutral or positive.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1769

Quora: Who is more intelligent, more measured, more stable between China's Xi and US' Trump?

Masao Miwa, Always interested, especially Asia
Answered Dec 16

Let’s look at the facts.

Donald Trump was born into a rich family and his father is said to have bought his son’s way into Wharton where he got a Bachelor’s degree. None of the profs remember Trump. Trump says his father gave him a small loan to get him started. The NY Times said it was more like $60.7 million. Trump says he is worth $10 billion, Forbes claims he is only worth $3 billion. Trump is said to have declared bankruptcy 6 times.

Trump claimed he turned a 'small' $1 million loan from his father into an empire. The New York Times says it was more like $60.7 million in loans

TRUMP: My 'massive' net worth is 'in excess of TEN BILLION DOLLARS'

The Details About the 6 Donald Trump Corporate Bankruptcies

His followers consider him a genius, supreme leader, sharp negotiator, and super salesman On the last criteria, he must be right, his base of believers number in the millions.

On the other hand, Xi Jinping, though a princeling (a person whose parents were high in the communist government), when his father was purged, Xi was sent to the countryside to learn from the peasants there. From that rural start, Xi learned on his own and eventually when he came back, got a degree in Chemistry at Tsinghua University, China’s MIT. Later he got a Doctorate in law degree from Tsinghua. His political career started at the bottom as a village chief and worked his way up the ranks from city to province responsibilities and finally in the elite circles in Beijing where he is now President for life. He also holds several other titles as Paramount Leader, General Secretary of the Communist Party. and Chairman of the Central Military Commission. China is saving a lot of money with one person holding down so many positions. It also makes him the most powerful leader in China since Mao. Xi is the sponsor of the Belt and Road Initiative(BRI), responsible for the purge of corrupt officials in government, and the long-range planning of China’s economy and revitalization and architect of China’s military. 85% of Chinese think their government is on the right path. If so, Xi must have over a billion followers.

I vote for Xi Jinping based on merit and accomplishments.

Wisdom of the Crowd - New Issues

1. Why do consumers prefer cash and credit card payments?

2. How can we ensure locals get jobs over foreigners?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Hidden cost of cash and credit card payment

Many people like to pay by cash and credit card because it is convenient and free to them. They are not aware of the hidden costs that are reflected in the prices that they have to pay to hawkers and merchants.

https://tklcloud.com/Feedback/feedback2.aspx?id=2389

WOTC - Opinion of Boris Johnson as a leader

Wisdom of the Crowd: 45% of the respondents have a positive opinion of Boris Johnson as a leader. 55% have a negative opinion.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1768

WOTC - Opinion of Lee HL as a leader

Wisdom of the Crowd: 98% of the respondents have a negative opinion of Lee HL as a leader.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1767

Wisdom of the Crowd - New Issues

1. President Trump threaten to attack 52 Iranian sites
2. When will the Singapore general election be held?
3. What is a good way to help people cope with loss of jobs during a recession?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

What should I do with my Tesla shares this week?

Tesla issued its 3Q financials on 23 Oct 2019. The 4Q financials will likely be issued on 23 Jan 2020, in about three weeks time.

If it shows an improved profit, it is likely that Tesla will move towards my target of US$500. At that point, I intend to take profit on half of my holdings.

When Tesla announced its 4Q sales on 3 Jan, it beat analyst forecast. The price jumped from $430 to $454 within a few minutes. However, it dropped back to $443 at the close.

I shall be watching the price movement over the next few days. There is the possibility that the market will continue to push up the price of Tesla shares, say to $470. This was what happened after the announcement of the 3Q financials. The full movement occurred over 1 week.

However, if the investors thought that the price of $450 is too high, it is likely that more will take profit and the price will continue to fall.


I have to watch this price carefully, as I have 300 shares worth SGD 180,000. As this is a volatile share, we can see a 10% movement in 1 day. That is $18,000. Frightening, right?

If you want to share in this excitement, you can watch the price by searching for "Share Price Tesla" on Chrome. You will see the latest price and it is updated live.

If you want to know more about how to monitor the share price movement, come and attend my talk on Sat 11 Jan. Register at https://tklcloud.com/event/whats_on.aspx

If you want to invest a smaller sum, you can buy 10 shares for US$4,300 or S$5,800. If you cannot take the risk and just want to watch the fun, you can continue to monitor my trade. I will tell stories, OK?

Helping unemployed people in a recession

Someone asked me - will there be a recession and how will it affect the people who lost their jobs?

I gave him this view.

https://tklcloud.com/Feedback/feedback2.aspx?id=2403

Better than FCF?

Is there an alternative way to help locals get jobs, instead of the Fair Consideration Framework (FCF) which is really a farce?

Here are my views.
https://tklcloud.com/Feedback/feedback2.aspx?id=2402

Wisdom of the Crowd - New Issues

1. President Trump threaten to attack 52 Iranian sites
2. When will the Singapore general election be held?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Phase one trade deal between US and China

Wisdom of the Crowd: 47% of the respondents are optimistic about the phase one trade deal between US and China. 53% are not.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1766

WOTC - require prisoners to work

Wisdom of the Crowd: 92% of the respondents said that it is acceptable to require prisoners to do work that is suitable for them. 8% said that it is forced labor and unacceptable.

See the breakdown of the votes in
https://tklcloud.com/Crowd2/chart.aspx?ID=1765

My views about speculating in shares

Someone was worried that readers may follow my posts and think that it is easy to make money by investing in shares.

If these people are so idiotic, they deserve to lose their savings.

Investing in shares is risky. It requires a lot of hard work to select the shares to invest in. Even after you have selected a good share, it is a constant struggle to decide if the current price is too high or too high and whether you should buy more shares or sell some of your holdings.

Many people make mistakes in trading and they lose a lot of money.

Here are my tips on trading:

a) Never follow blindly to what other people say. They can give you a tip, but you must make your own study. If you are too lazy, don't trade shares, NEVER.

b) Trade with your spare cash, and NEVER with margin. When the share turns bad, you can afford to hold it and wait for it to recover. If you are on margin, you have to top up with more money. If you don't have, you have to take a loss.

I have shared with you some shares that I made money. My best share is Tesla. But it is highly speculative and need close monitoring. It is only easy on hindsight. It is not easy going forward.

I have realized the profit on two shares - Country Garden and China Molybdenum.

But some of my shares do not do well. I am now holding on to two shares that now show a big loss - China Sinopec and Koh Brothers.

China Sinopec is paying a dividend of 9% on the current price. I can afford to hold it for the dividend. it may take a long time for the share to recover to my cost price, but I am willing to wait, because this company is very big to fail.

Will I buy more shares at the current price? Maybe, and to enjoy the good dividend yield.

I have a big investment in Koh Brothers. I am waiting for the next financial result to come out in February. I hope that it shows an improvement in profit. If it does, the share price should jump at least 50%. If it gets worse, I have to wait another year or two.

The dividend yield is 2.7%. It is okay, compared to 1% on fixed deposit. The share price is only one third of the value of the assets. It can increase 3 times to the asset value if the company shows a good profit.

Can Koh Brothers go bankrupt? It can. But I don't think it will occur.

Remember, when you read my post, some of my shares make money and some lose money. It is not easy to make money. It requires a lot of hard work, and more importantly, it needs LUCK.