Wisdom of the Crowd: 50% of the respondents said that most countries will trust and transact in CNY as it is likely to be more stable than the USD.
Tuesday, January 04, 2022
Monday, January 03, 2022
WOTC - Loh Kean Yew
Wisdom of the Crowd: 82% of the respondents said that they are proud of Loh Kean Yew who won the badminton championship for Singapore, although he was born in Penang. He came to Singapore at an early age and served national service.
My loss in US growth stocks in 2021
I invested $709,354 USD in US growth stocks in 2011. I suffered a paper loss of $286,822 on these stocks.
I realized profit on these stocks in 2020 and on sales made in 2021 which were not included in the above calculation. Overall, my gain might have covered the losses.
I did make a substantial gain on my investment in Tesla. This gain is not shown above.
Read this post for more details.
Will the stock market crash in 2022?
The financial media has many experts making all kinds of prediction for the stock market in 2022.
Many experts expect a crash or a correction in 2022 due to inflation, leading to higher interest rate and a slowing economy.
Others expect the economy and the stock market to remain steady. Few are expecting spectacular growth in 2022.
I give my perspective.
Sunday, January 02, 2022
Wisdom of the Crowd - New Issues
2. Should Singapore reduce its defense spending?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
WOTC - Omicron
Wisdom of the Crowd: 70% of the respondents said that omicron will be mild and will not cause many hospitalization and deaths.
WOTC - Beijing Winter Olympics 2022
Wisdom of the Crowd: 77% of the respondents said that China will wow the world with the Beijing Winter Olympics in 2022. It will not be affected by the diplomatic boycott by some countries.
Friday, December 31, 2021
WOTC - Take the lie to the grave
Wisdom of the Crowd: 89% of the respondents said that Raeesah Khan probably lied or misunderstood what Pritam Singh said about "taking the lie to the grave".
Thursday, December 30, 2021
Use SGQR instead of CDC Voucher
The governments gives $100 in CDC voucher for each household to spend at participating outlets in food centers.
This was quite troublesome as the outlet had to download another app to redeem the vouchers. They find the process to be quite troublesome. Many outlets are unwilling to participate.
I find this CDC voucher to be a bad concept.
Here is a better way to handle the scheme.
How to improve the birth rate in Singapore
Singapore has struggled to improve the birth rate during the past four decades. The strategies adopted failed.
I suggest the following strategy to improve the birth rate in Singapore.
Tuesday, December 28, 2021
Wisdom of the Crowd - New Issues
2. When do you expect the covid pandemic to be over?
3. How do you view the omicron variant?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
Monday, December 27, 2021
WOTC - Diplomatic boycott of Olympics
Wisdom of the Crowd: 51% of the respondents said that China will not retaliate with a diplomatic boycott of the Olympics held in other countries.
Sunday, December 26, 2021
WOTC - Employ more magistrates
Wisdom of the Crowd: 80% of the respondents said that it is more efficient to employ more magistrates to hear minor cases.
Saturday, December 25, 2021
Wisdom of the Crowd - New Issues
2. Is self driving taxis likely to be successful in the near future?
3. Do you prefer a self driving taxi or one that is driven by a human?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
WOTC - China is more democratic than America
Wisdom of the Crowd: 68% of the respondents said that China is more democratic than America.
Friday, December 24, 2021
WOTC - Best measure of democracy
Wisdom of the Crowd: 93% of the respondents said that the best test of democracy is whether the government improves the lives of the ordinary people.
Thursday, December 23, 2021
Wisdom of the Crowd - New Issues
2. Will omicron variant caused many hospitalization and death
3. How will the 2022 Winter Olympics be viewed by the world audience?
4. Loh Kean Yew won the World Badminton Championship.
Vote in
https://tklcloud.com/Crowd2/vote.aspx
China Galaxy Securities (6881.HK)
I increased by holding in China Galaxy Securities (6881.HK). Here are my reasons.
https://fisca.sg/ArticleDisplay.aspx?ID=1136&Name=China-Galaxy-Securities-(6881HK)&View=A
Wednesday, December 22, 2021
WOTC - Online platform vouchers
Wisdom of the Crowd: 63% of the respondents found the vouchers provided by online platforms to be confusing, difficult to use and not valuable.
Tuesday, December 21, 2021
WOTC - Super apps
Wisdom of the Crowd: 75% of the respondents said that they prefer simple apps, instead of super apps.
Cut in interest rate will boost China stocks
China cut its benchmark interest rate for the first time since April 2020. It did not help the stock market. The cut was expected and rather small. Article
I believe that the sentiment towards China stock will change in the days ahead and China stocks will be stronger.
Here are my reasons:
Monday, December 20, 2021
Sunday, December 19, 2021
WOTC - Summit for democracy
Wisdom of the Crowd: 83% of the respondents said that America is not qualified to hold the Summit for Democracy as their democratic system has many failings.
Discussion between President Xi and President Putin - relating to financial transaction
I expect that the digital yuan (e-CNY) will be used for international transactions and as a reserve currency soon.
This will be an alternative to the USD/SWIFT.
In the recent meeting between President Xi Jinping of China and President Putin of Russia, this was one important topic.
Here is an opinion from an observer printed in the Asia Times.
Saturday, December 18, 2021
WOTC - Diplomatic boycott of Olympics
Wisdom of the Crowd: 92% of the respondents said that a country should not make a diplomatic boycott of the Olympics held in another country.
Friday, December 17, 2021
An alternative approach to the CDC voucher
I find the CDC Voucher scheme to be troublesome and impractical. I may be wrong.
Here is how I would implement the scheme. Vote - do you agree with me?
WOTC - Guns for self protection
Wisdom of the Crowd: 93% of the respondents said that citizens should not be allowed to carry guns for self protection.
Thursday, December 16, 2021
a simpler process to handle minor offenses
I suggest that the government should create a simpler process to handle minor offenses.
Do you agree with this suggestion?
Wisdom of the Crowd - New Issues
2. Which country is more democratic?
3. Should Singapore employ more magistrates to deal with minor offenses?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
WOTC - Democracy in China
Wisdom of the Crowd: 74% of the respondents said that China is being governed democratically, although their system is different from the west..
Wednesday, December 15, 2021
An inefficient process to handle a dispute
There is something seriously wrong with the administration of justice in Singapore. I hope that the law minister will wake up and fix this problem.
How will China react to constant provocation by America?
America continue to provoke China by taking childish actions, such as inviting Taiwan to the Summit for Democracy and for the diplomatic boycott of the Beijing Winter Olympics.
China has promised strong retaliatory actions.
I make the following guess on the actions that China will take after the conclusion of the Olympics on 20 February 2022:
Shhh. My crystal ball NCB agree with my prediction.
WOTC - RK story
Wisdom of the Crowd: 78% of the respondents said that Raeesah Khan did not accompany the sexual assault victim to the police. She made up the story.
China is not perfect, but it is quite good
The China government is not perfect. It is possible to find out many areas of abuse, including human rights, or bad decisions at various levels of government, including the national government.
This applies to all governments, including the western countries.
We must not forget that China has the largest population in the world. If one looks for negative examples of bad government, one can find many.
On the whole, the China system of governance is probably the best in the world.
Update on Top Glove (BVA.SI)
I hold 60,000 shares of Top Glove and now see a large loss of $14,500.
I had expected the 1Q 2021 result (ended 30 Nov 2021) to be better than the previous quarter. I thought that their revenue should do well, as the ban from the US had been lifted.
But that did not occur. The revenue and earnings dropped. The suffered a large loss due to the purchase of own shares. It was probably written off during the quarter.
So, the stock price dropped to a 6 month low.
Never mind.
I think that the next quarter should be better. It probably takes a few months for the revenue and profit to improve.
On the other hand, the board had said that the demand will continue to be weak. That was negative
However, with omicron causing more cases around the world, the demand for gloves may improve.
On balance, I decided to buy another 20,000 shares.
Good luck to me.
Appoint more magistrates to hear simple cases
Someone said.
I have a road bully case pending which was a year ago , I'm very disappointed about how the Police handling the case. It was certainly a crime and a very simple case. I made a report with video attached. The accused admitted he snapped my HP and damage it. Until no, no action was taken. I made several call to the investigating officer but he told me still under investigation.This is the efficiency of Police Force.
This is my perspective. I may be wrong.
Tip of the iceberg
The current PAP administration gives the phrase "tip of the iceberg" prominence.
The public only knows (most of time) when it happened to be "leaked" or "forced" to be revealed due to policies.
How much was and is lost due to poor prudence on purchases or on giving the approval on projects which turned out to be 'white elephants'?
Frightening revelation by the likes of Attorney General and various departments. More than a billion dollars had been pumped into our People Association and etc.
Singapore had been ranked the most expensive city in Asia (ahead of Hong Kong / New York) this year. Has the people (grassroots) lives improved?
In the mist of Covid pandemic / economic downturn, our authorities allow increase in property tax (even HDB - 85 plus % of the population lives in HDB), electricity and soon the "test balloon" GST would be implemented.
Almost religiously, we only hear of bad investment from our TH and sovereign funds from foreign newspapers. Yet the public is never shown the "books".
Why we are not allowed to know the remuneration of our TH senior management but it is OK to reveal Chiam ST GCE O or A levels results to the public?
Singaporeans needed to reminded our authorities we are made of flesh and bones, and not a consumables that can be discarded when become useless or non contributory anymore.
TKL reply.
I agree with the above comments (KS - this is an opinion only, OK?)
Tuesday, December 14, 2021
WOTC - By election in Sengkang
Wisdom of the Crowd: 86% of the respondents said that the Worker's Party will win Sengkang GRC, if a by-election is called.
Autonomous bus trials - updates needed
I told my friend about the autonomous bus and taxi systems that are now operating in several cities.
She told me that Singapore is also operating autonomous system in Jurong, Nanyang Technological University and One North.
I asked her if they are operating. She was not sure. She asked me to check the latest news in Google.
Here are the links to the latest news:
Monday, December 13, 2021
Wisdom of the Crowd - New Issues
2. Do you like the vouchers given in online platforms?
Vote in
https://tklcloud.com/Crowd2/vote.aspx
WOTC - Vaccination should be voluntary
Wisdom of the Crowd: 76% of the respondents said that covid vaccination should be voluntary.
Sunday, December 12, 2021
WOTC - WP leaders handling of RK matter
Wisdom of the Crowd: 64% of the respondents said that the Worker Party leaders have handled the Raeesah Khan's matter correctly.
China's digital currency will be a reserve currency
I expect the digital yuan (or e-CNY) will be actively used for international transactions and as a reserve country after the 2002 Beijing Winter Olympics.
My reason is set out in this article. Please read it and give your opinion. Do you agree with my view?
Telling a "lie" to avoid disclosing identities of other people
Earlier, I shared this anecdote of a disastrous covid testing protocol.
Suppose the minister for health gets angry with me for sharing this anecdote.
Suppose he uses his POFMA or other ministerial power to demand that I disclose the name of my friend and the two dance instructors.
Suppose I do not wish to put these three people in the limelight and get them into trouble (for reasons that are peculiar to them).
What do I do? How do I get away from the pressure put by the minister.
I may say that I "lied" about this case. The case did not happen. I made up the story.
Hehehe.
What happens next?
Anecdote of a disastrous covid testing protocol
I share this anecdote of a disastrous covid testing protocol.
Although this is an anecdote affecting one couple, it is likely to reflect the experience of many people.
Do you agree?
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