Saturday, February 27, 2021

Wisdom of the Crowd - New Issues

1. Are you optimistic about Singapore's economic future after the panemic?
2. Does Singapore need mayors to look after the community development councils?

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Analysis of TKL portfolio

 I have $2.6 million in my stock portfolio invested in SG stocks (20%), US stocks (40%) and HK stocks (40%). The HK stocks are mostly China shares listed in HK.

Is bitcoin a good investment

 Is bitcoin a good investment? I give my views here.

Wisdom of the Crowd - New Issues

1. Are you optimistic about Singapore's economic future after the panemic?

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WOTC - Decision of Senate on Trump's impeachment

 Wisdom of the Crowd: 95% of the respondents reacted negatively to the decision by the US Senate to release President Trump from impeachment.

Private hire apps

Two months ago, Gojek offered me a discount for the first few trips. I tried to book Gojek then. The app had bugs. I gave up. Since then, I did not try Gojek.

Today, I see a promotion by Comfort Taxis. They offer a $3 discount also. I find it too troublesome to install a new app and learn about it.

I will use Grab when I needed a taxi. Most time, I prefer to take a bus.

Thursday, February 25, 2021

Wisdom of the Crowd - New Issues

1. How to give better protection to foreign maids?

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A humorous episode with DBS QR Angpow

 A share this story. You don't laugh, OK?

A few days before CNY, I took the QR angpow from DBS Bank. I loaded $5 into an QR angpow to test the system. It looks okay. I promoted the QR angpow in my Facebook.
A day later, I received a SMS that Jeremy redeemed the $5. I did not know Jeremy. The QR angpow was still with me. I thought that it was an internal job and someone in DBS know the QR code. I lodged a report with DBS.
Later, I discovered that Jeremy was able to scan the QR from my Facebook page and redeemed it. Jeremy refunded the $5 to me.
A week later, I was shocked to see a SMS (sent a few days earlier that I overlooked) that Jeremy took out $2,000 from my account. Initially, I though that Jeremy created the image using photocopy.
I checked my online bank account. There was a transfer of $2,000 made to Jeremy. How did he do it?
I wanted to make a police report. This is serious. I don't mind losing $5, but $2,000 is too much!
A while later, I found the answer. (Don't laugh, ok?)
This was a different Jeremy. I had asked a contractor to repair a leak in my tenanted house. He asked me to pay the $2,000 by PayNow to a number, which turned out to be Jeremy. The contractor did not use his own account.
The contractor sent the screen shot of the transfer by SMS to confirm that he had received the money.
Why did I forget that I paid the $2,000? Old age, OK? Don't laugh, OK? My stupid SCB did not tell me!

WOTC - What will happen to bitcoin?

 Wisdom of the Crowd: 62% of the respondents expect an event that will cause bitcoin to collapse.

My trades in US stock market on 25 Feb 2021

 I had an active trading day in the US stock market and made a profit of $16,100 USD on these trades (partly realized). Lucky or not?

Wednesday, February 24, 2021

Investment performance of Temasek Holdings

I share my views on the investment performance of Temasek Holdings.

WOTC - Help the boss to cope with the economic downturn

 Wisdom of the Crowd: 70% of the respondents are willing to sacrifice to help their boss to cope with the economic downturn.

Wisdom of the Crowd - New Issues


1. Is Singapore slow in rolling out vaccinations?

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AIA Power Critical Cover

Dear Mr. Tan
Someone recommended me ( 62 years old) to buy the AIA Power Critical Cover. It covers 150 conditions for ALL stages. For $50k sum assured the premium is $4899pa. There is a multi claim policy of max 500% claim. There is also a surrender value at age 75 of 75% of sum assured ie $37,500 of $50,000. What is your opinion of this policy? Thank you.

US stocks that now show a big loss

 I share in this post the US stocks that I now hold and show a big loss. I expect some of them to recover within the next two months.

Coping with a big market crash

 It was a bad day for the US market on 23 Feb 2021, especially for the hot stocks that I invested recently.

However, I managed to make a profit of $20,000 on four hot stocks that I bought after they crashed more than 20%.

Monday, February 22, 2021

Invest carefully and understand the risk

 Dear Mr. Tan

Do you have a program where we follow you in buying stocks . You buy we buy and when you sell , we also sell ? The rationale is I am retired but no knowledge of stocks .

Wisdom of the Crowd - New Issues


1. MFA issue statement on Myanmar security force handling of protesters

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WOTC - Handling the covid pandemic

 Wisdom of the Crowd: 66% of the respondents disagreed with the approach taken by the government to handle the covid pandemic.

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