BP has been seriously hit by oil leakage event. The share price dropped from USD (Apr 20) to now 31 USD. I have reviewing the situation in last two weeks. After the stock price hits 29 USD, I was tempted to buy the stock.
Original post is from Tan Kin Lian’s Blog.
Dear Mr Tan,
Thank you for giving advise to the public and in a selfless manner. I fully agreed with you.
In fact, I had been visiting show flats since Lehman Brother collapse and also talking to banks to survey the ground. My conclusion is, it’s scary and if you are not careful, you will get into trouble when things go wrong. Let me explain further, my wife and me are in our 40s, consider to be middle income, all the banks encouraged us to take a loan of around $2M and up to 70 years old.
The article below from Fundsupermart addressed some of the common concerns recently.
The nerves of many local investors have been badly rattled of late. The bankruptcy of Lehman Brothers, and the mini bonds saga that followed, gave investors of the Lehman Brothers mini bonds a rude awakening, as they saw their investments reduced to nothing but worthless scraps of paper.
Original post from: Value Investment
(Comments from puzzlebird: the more I look into the current situation of financial crisis, I more I believe it is a great opportunity for us to grow rich when everybody is in panic)
The recent global stock market meltdown and the persistent and pervasive bad news in the media has made many of my peers and relatives worried and frazzled. Reading about retirees losing their life savings and people losing life fortunes to the stock market isn’t exactly uplifting news – it all points to dark and dreary days coming up and probably a lot more pain and suffering for the man on the street. However, thinking about things in perspective, having such a deep recession may actually be a good thing (I will elaborate further) and that it may not affect me as much as I previously believed. These are some of my thoughts on how to stay positive and how to weather the economic storm.
I read this interesting analysis on Singapore Property market. The study matches our observation on current market, and we felt lucky not buying a condo mid last year.
Below is the response from a Hong Kong based Asia property analyst who works for a small successful private investment bank. He replied the inquiry if it is a good time to buy Singapore property.
一月的通货膨胀达到6.6%，26年的新高。加上中国大雪，许多蔬菜涨价到100%多，加上铁矿石二月起价65%，必然导致全球生产成本的飙升。就算今年SG的GDP涨5.5%，结合通货膨胀，实际购买力必然大幅下降。看来象新加坡这样的效果，对于世界经济衰退的承受能力远逊于中国和印度。
From “The Art of Project Management” Chapter 2.
A good article from IT Manager’s Journal
The exchange rate for Singapore dollar to Chinese Yuan dropped from 4.97 (April 10) to 4.77 (May 14)…. My god…
I opened a UOB saving account today so that in the future the unit trust transaction can be performed 100% online. The payment could be directly saved to this account. The initial deposit is $800.