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Sifu spouts so much wisdom every time that I am so happy read his posts... :)
To specialise and be good in one 'niche' may be sufficient to see one through the world of investment,
rather than be overwhelmed by many distractions and thus scattering one's conventartion... 
ten4one ( Date: 12-Sep-2008 09:54) Posted:
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Investing in the Stock Market and investing in other class of assets (Real Estates, Currencies, Commodities...) required different knowledge and strategies. A good Trader in the Stcok Market may not survive trading in currencies or other commodities. A good Trader ( in his/her own field) generally could do well in a BULL or a BEAR market.
FYI, to trade in USD or RMB requires quite a substantial amount of CASH and you need to open a USD or RMB A/C to facilitate your transactions and also to minimise the fluctuations of the currency traded.
Singapore being a Financial Ctr, offers plenty of choices for Investors whether big or small. And more will be coming on line in the near future. In fact there're too many choices that some instruements have to be taken off the Market due to lack of interest!!!!!!!! Cheers!
Below are my observations and views on the various asset classes :
1) Cash - low interest rates;
2) Stocks - downtrend;
3) Real estates - same as stocks;
4) Foreign currencies vs S$ - US$ and RMB - uptrend; Euro, GBP, Yen, A$ and NZ$ - downtrend;
5) Natural resources - same as stocks and
6) Precious metals - same as stocks.
My conclusion is, therefore, to buy US$ and/or RMB as small retail investors living in Singapore have not much choices.
Any rebound is a chance to get out and wait for new lows to enter again..........and so on and so forth. If you do nothing at the rebounds, you're just as good as a sitting duck - not bear, not bull :) Cheers!
Stocks rebound as investors scrutinize Lehman :
http://news.yahoo.com/s/ap/20080911/ap_on_bi_st_ma_re/wall_street;_ylt=Ag3LQkSeJwSHaDt7oOowMH9v24cA
It is just a temporary relief 'cos it is still unclear (or not revealed) how deep is the hole as it is not the bottom as yet. This is the mother of all bailouts by the US Govt....I don't think we've seen the worst yet!!!!!! Cheers!
Wall Street soars...
NEW YORK - WALL Street soared at the open on Monday after the US government nationalised ailing mortgage finance giants Fannie Mae and Freddie Mac in an unprecedented bid to avert a financial system meltdown.
The Dow Jones Industrial Average surged 325.03 points, or 2.90 per cent, to 11,545.99 in opening trade and the tech-heavy Nasdaq composite leapt 44.61 points, or 1.98 per cent, to 2,300.49 in the first exchanges.
US : No job turnaround on horizon
http://money.cnn.com/2008/09/04/news/economy/jobs_outlook/index.htm?postversion=2008090416
Ya............ INDUCED GDP = temporary growth!
Temporary rise only due to stimulus package that government pump in.
| crazy_fave ( Date: 29-Aug-2008 06:49) Posted: |