STI out of recession

Before the gahmen announce Singapore is out of recession, I shall now act smart and declare that this is the truth nothing but the truth. And by the rate we’re going, STI will reach 9000 points in 3 months. Thereafter overtake the US maket and the leading indicator for Dow :p

How to retire at least better than with only CPF

For those who are betting on CPF retirement will be in for a shock. Well at the it will only come in like 40 years later. Since it has been viewed as the retirement fund for many, the system has been very protective of it. Currently the system is to allow couple to use the full 100% from their CPF to pay for their first payment for their houses. Very soon, it will decrease to 70%. For me, I find it a step backward instead of forward with this changes.

For many who know, you will be paying 60% worth of the housing you bought just to pay for the interest loan. This can quite clearly explain how so many family have difficulty retiring. So with 100% we have so much problem, 60% will only be more problematic with higher interest rate to pay. On the side note, maybe its a way to force us to get a smaller flat.

Singaporean has always been trying to aim for bigger flat or better location. Think about it, even if there’s capital gain, you still need to lock that profit by moving to another house. So where to live next? My eyes rolled when my friend told me she’s looking for flat in Clementi, which will cost her more than $400k. Sigh good luck to paying more interest. In terms of strategy, the first is always to defend and than attack. Always get something you can afford and save/invest so that after 20 years or so you can upgrade to a bigger one.

Secondly, interest rate will only get lower with the high savings rate of Asian. Sometimes, its quite hard to understand that many just put so much money in their bank to earn the interest rate only to be eaten away by  inflation.

All the other points like lowing of CPF contribution by employer and so on have already been mentioned by this post.

The only way out of this situation is to become more financial savvy. For those who have spare cash may as well put in stocks for capital gain. If not buy those defensive stock that gives high dividend. It will still be much better than getting the interest from bank. Or better, get bank stock. Sure they will pay much higher dividend than account holder right.

Time to long in stock

Really fortunate to exit Sembmar (due to MACD divergence) with a small profit though can make another 200 if I don’t itchy finger and trade in the first hour of opening. But since it’s a special day for me. I want to spend my day without worrying about the stock market.

Then yesterday super heng meet up with friend to discuss about stock at lunch time. Then we found golden agri. 4 different stars (support) aligned together for us to feel comfortable to enter the market. So we bought it at 30 cents, which is 1 bid higher.

Today STI went crazy, a lot of them went up by 5% or more with super high volume. Golden Agri went up by 6.6% today. Of cos if I can get Swiber even better cos it went up by 10%. I think if everyday I can be so accurate den I can go open temple then trading… Maybe can earn more money.

Technically speaking, with the US market chionging up today also. It’s a good time to go long. CapitaMall and Olam will be my target. Huat ar!

Michael Jackson - Beat It

[1st Verse]
They Told Him Don’t You Ever Come Around Here
Don’t Wanna See Your Face, You Better Disappear
The Fire’s In Their Eyes And Their Words Are Really Clear
So Beat It, Just Beat It

[2nd Verse]
You Better Run, You Better Do What You Can
Don’t Wanna See No Blood, Don’t Be A Macho Man
You Wanna Be Tough, Better Do What You Can
So Beat It, But You Wanna Be Bad

[Chorus]
Just Beat It, Beat It, Beat It, Beat It
No One Wants To Be Defeated
Show them How Funky and Strong Is Your Fight
It Doesn’t Matter Who’s Wrong Or Right
Just Beat It, Beat It
Just Beat It, Beat It
Just Beat It, Beat It
Just Beat It, Beat It

[3rd Verse]
They’re Out To Get You, Better Leave While You Can
Don’t Wanna Be A Boy, You Wanna Be A Man
You Wanna Stay Alive, Better Do What You Can
So Beat It, Just Beat It

[4th Verse]
You Have To Show Them That You’re Really Not Scared
You’re Playin’ With Your Life, This Ain’t No Truth Or Dare
They’ll Kick You, and Then They Beat You,
Then They’ll Tell You It’s Fair
So Beat It, But You Wanna Be Bad

[Chorus]
Just Beat It, Beat It, Beat It, Beat It
No One Wants To Be Defeated
Showin’ How Funky and Strong Is Your Fight
It Doesn’t Matter Who’s Wrong Or Right

[Chorus]
Just Beat It, Beat It, Beat It, Beat It
No One Wants To Be Defeated
Showin’ How Funky and Strong Is Your Fight
It Doesn’t Matter Who’s Wrong Or Right
Just Beat It, Beat It, Beat It, Beat It, Beat It

[Chorus]
Beat It, Beat It, Beat It, Beat It
No One Wants To Be Defeated
Showin’ How Funky and Strong Is Your Fight
It Doesn’t Matter Who’s Wrong Or Right

[Chorus]
Just Beat It, Beat It, Beat It, Beat It
No One Wants To Be Defeated
Showin’ How Funky and Strong Is Your Fight
It Doesn’t Matter Who’s Wrong Or Who’s Right

[Chorus]
Just Beat It, Beat It, Beat It, Beat It
No One Wants To Be Defeated
Showin’ How Funky and Strong Is Your Fight
It Doesn’t Matter Who’s Wrong Or Right

[Chorus]
Just Beat It, Beat It, Beat It, Beat It
No One Wants To Be Defeated
Showin’ How Funky and Strong Is Your Fight
It Doesn’t Matter Who’s Wrong Or Right
Just Beat It, Beat It
Beat It, Beat It, Beat It

Michael Jackson Funeral - Jermaine Jackson sings Smile

Smile though your heart is aching
Smile even though its breaking
When there are clouds in the sky, youll get by
If you smile through your fear and sorrow
Smile and maybe tomorrow
Youll see the sun come shining through for you

Light up your face with gladness
Hide every trace of sadness
Although a tear may be ever so near
Thats the time you must keep on trying
Smile, whats the use of crying?
Youll find that life is still worthwhile
If you just smile

Thats the time you must keep on trying
Smile, whats the use of crying?
Youll find that life is still worthwhile
If you just smile

CPF as retirement measure

Quite a interesting video on CPF. Individually, I’ve also been thinking hard about managing my finance for retirement despite I’ve just started working for only 6 months. Kudos to singaporenewsalternative and theonlincitizens for sharing. Another post will be up based on my personal observation.

STI trending sideway

It’s difficult time ahead trying to trade because our Straits Times Index is trending sideway + squeezed between 20 and 50 MA. Must be the window dressing period that makes the market so cautious. A lot of the stocks alr showing bearish signal with lower high lower low.

But it’s time to be paitence. Later kernna whipsaw really super sian. Learning the importance to cutloss is one thing. Knowing not to anyhow cutloss is another. It’s all about positioning.

Rumored that the financial report of company will come out next week of so. Waiting for the chart to show unusual movement aka insider trading.

Remember to put money into your CFD account. Do not naked short!