Saturday, January 11, 2020

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?
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Wisdom of the Crowd:

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

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

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

Friday, January 10, 2020

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?
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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

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

Wednesday, January 08, 2020

Review the policy on home ownership

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

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.

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?

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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

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

Tuesday, January 07, 2020

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

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

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.

Monday, January 06, 2020

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?
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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.

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

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

Sunday, January 05, 2020

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?

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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

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.

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.

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

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

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

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.

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