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samson ( Date: 01-Feb-2010 15:02) Posted:
Genting casino will be open this weeks , They just got the casino License.
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Genting casino will be open this weeks , They just got the casino License.
It is NOT a DREAM.
It is Definitely REAL. TOUCH IT. FEEL IT. SEE IT. STAY IT. PLAY IT. ENJOY IT.
It is LIVING REALITY.
World Resorts GENTING (WRG) canNOT be so simple
with only World Resorts UK, World Resorts Manila, World Resorts Highlands, World Resorts Sentosa.
HOW can the WORLD be so small????
Rumours are heard that World Resorts Macau will be acquired.
Of course, already announced is the World Resorts JB in ISKANDAR JOHORE.
The VISION is for World Resorts Australia, World Resorts Russia, World Resorts Europe, World Resorts USA, World Resorts India, World Resorts Greenlands, World Resorts Hawaii, World Resorts Japan, World Resorts Korea, World Resorts Taiwan.
Don't know whether they have invited one forumer who
is using Zhuge Liang Fund , Cao Cao and whatnots to
support this counter?
pharoah88 ( Date: 01-Feb-2010 12:18) Posted:
This is the TIME to TEST whether the Investors Relations Chief is the BEST of the Crops....
If IRC is NOT thinking of the investors for this Very Important Celebrations, all the Shareholders should TERMINATE the appointment based on Complacency, Incompetence, Negligence, Exuberance.
Else, all shareholders will become MAS SELAMAT.
It is NO Reason or Excuse for IRC NOT to send at least a PUBLIC INVITATION to all SHAREHOLDERS even as a CORPORATE PR CURTESY. |
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You don't have to dream genting will go up to 1.40.
One forumer TP $1.60 - $2.00. Anyway, let's wait and
see. hahaha, Cheers
yummygd ( Date: 01-Feb-2010 11:37) Posted:
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i sincerly hope your dreams will come true haha
street81 ( Date: 01-Feb-2010 11:19) Posted:
| bonbon, last night i dreamt genting go up to 1.4 |
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This is the TIME to TEST whether the Investors Relations Chief is the BEST of the Crops....
If IRC is NOT thinking of the investors for this Very Important Celebrations, all the Shareholders should TERMINATE the appointment based on Complacency, Incompetence, Negligence, Exuberance.
Else, all shareholders will become MAS SELAMAT.
It is NO Reason or Excuse for IRC NOT to send at least a PUBLIC INVITATION to all SHAREHOLDERS even as a CORPORATE PR CURTESY.
Ha ha, then AK go back kampong for CNY liao, more fun loh. Cheers.
AnthonyTan ( Date: 01-Feb-2010 12:00) Posted:
Are shareholders invited?
pharoah88 ( Date: 01-Feb-2010 11:40) Posted:
GOOD VISION
GENTING GROUP is celebrating its 45th ANNIVERSARY on Chinese New Year. |
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Are shareholders invited?
pharoah88 ( Date: 01-Feb-2010 11:40) Posted:
GOOD VISION
GENTING GROUP is celebrating its 45th ANNIVERSARY on Chinese New Year. |
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GOOD VISION
GENTING GROUP is celebrating its 45th ANNIVERSARY on Chinese New Year.
i sincerly hope your dreams will come true haha
street81 ( Date: 01-Feb-2010 11:19) Posted:
bonbon, last night i dreamt genting go up to 1.40
Bon3260 ( Date: 30-Jan-2010 22:44) Posted:
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iPunter,
By honestly, hv u sold ur Genting SP? Or u r still holding? Can share?
('',) |
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bonbon, last night i dreamt genting go up to 1.40
Bon3260 ( Date: 30-Jan-2010 22:44) Posted:
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iPunter,
By honestly, hv u sold ur Genting SP? Or u r still holding? Can share?
('',)
iPunter ( Date: 30-Jan-2010 22:42) Posted:
Hahaha...
Came in one hour too late, (was at Starbucks without my netbook)),
Otherwise may be able to blanja Uncle AK Carlesberg... hehehe... 
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i think short players are ok la...nothing wrong.....same kinda risk ma...
Sold @1.28, got out @1.08.
When I saw a lot of grand publicity everywhere, newspapers, etc, and everyone is so excited about the opening and all are itching to buy @1.30, I knew it's a good time to sell.
Sure enough, it has been falling from 1.30 to 1.04 even with no negative news.
Of course this is hindsight, but like I said, I was all ready to cut loss if it goes pass 1.33 or so. hehehe...
Bon3260 ( Date: 30-Jan-2010 22:44) Posted:
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iPunter,
By honestly, hv u sold ur Genting SP? Or u r still holding? Can share?
('',)
iPunter ( Date: 30-Jan-2010 22:42) Posted:
Hahaha...
Came in one hour too late, (was at Starbucks without my netbook)),
Otherwise may be able to blanja Uncle AK Carlesberg... hehehe...
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Ha ha, just back fr happy hr fr kopitiam. Tks iPunter for d belanjar. For AK no disappointment, in anyway, be it up or down loh. Cheers.
everybody is waiting for the casino to open....all want to buy the shares to speculate. vy concerned...afraid many ppl will be disappointed
which is why traders like this stock... everyday high volume and can play intra-day trading..
not to worry, u r seeing something thats is going to happens in few weeks time, when it get nearer to the opening you will know what will happen..freny buying ..... if dips just buy
sharez ( Date: 30-Jan-2010 21:03) Posted:
Today Zaobao says Nomura Securities Co.,Ltd.(野村证券) set target of Genting to 0.77, I guess it want to buy,
27 Jan 2010, CIMB-GK Securities Pte Ltd set it target to 1.50, I guess it want to sell at high... ... (but I support this)
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iPunter,
By honestly, hv u sold ur Genting SP? Or u r still holding? Can share?
('',)
iPunter ( Date: 30-Jan-2010 22:42) Posted:
Hahaha...
Came in one hour too late, (was at Starbucks without my netbook)),
Otherwise may be able to blanja Uncle AK Carlesberg... hehehe...
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Hahaha...
Came in one hour too late, (was at Starbucks without my netbook)),
Otherwise may be able to blanja
Uncle AK Carlesberg... hehehe...
Comrade, a good tutor. Ha ha, AK had missed beer for 3 days liao, need to go down kopitiam to meet d people session for happy hr liao, n may be hv one or 2 beer loh. See u all then, cheers.
smartrader ( Date: 30-Jan-2010 21:16) Posted:
Stay invested and calm....still the best policy ...
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Published January 30, 2010 
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Wealth insights
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The importance of staying invested
Many investors who exited market during the financial crisis and waited for the right time to enter are still sitting on cash
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| The problem with most investors is that we don't spend time doing a thorough financial audit but jump in and out of the market because someone invokes our greed or fear about an upcoming trend or financial holocaust that his 'crystal ball' tells him about. |
THE last 12 months have been a humbling process for all in the investment advisory and management business. When the markets came tumbling down, most didn't see the storm coming. And when everyone predicted it to last for a long time, the financial markets recovered just six months later.
During the depth of the crisis, many 'experts' appeared and slammed the buy-and-hold strategy, advising investors to move to cash and wait for the right time to enter. Many who exited are still sitting on cash today.
Staying invested now seems to be a better idea. Those who suggested timing the markets seem to have disappeared overnight. Of course, there are a few who successfully exited and entered the markets again. But how many times can they be so lucky? For we all know that no one can be right most of the time. It remains to be seen what their investment results will be in the next 10 years by guessing the best time to invest. But going by history and plenty of research, I am not the least hopeful.
Having spent more than a decade in financial planning and wealth management across three crises (the Asian financial crisis, the tech bubble and the current crisis), I have concluded that the key to successful investing for most of us is to stay invested and keep investing.
Using time to ride through the volatility and using the average long-term returns of the market to get compounded returns is the best way to reach our goals.
But investors find it hard to believe that it is really so simple. We prefer to believe that there must be someone really smart out there who has a crystal ball, and can tell the future with great accuracy. Hopefully, the last 12 months have shown us that this is a fallacy.
Although the idea of staying invested and keep investing is simple, it is really difficult to execute. I know it sounds oxymoron, but let me explain. You need the three 'S' to be present:
Sufficiency mindset,
Strong financial foundation, and
Strong adviser.
Sufficiency mindset
When I asked investors why they are investing, most will give me a strange look and answer: 'To maximise the returns of my money, of course'. This is exactly the mindset that will cause you to time the market, to try and beat it so that you can get maximum returns.
Sufficiency is the opposite of greed. We should invest for the returns we need so that when the time comes for us to use the money, like retirement or funding our children's education, we have enough.
Understanding this helps us not to be greedy or take unnecessary risks, to stay invested and keep investing. This is because, all we need is the average long-term returns of the market, which more than a century of history has shown us that it is always there regardless of any crises. But it is difficult to achieve this mindset because of the sin of greed that is inherent in us.
Strong financial foundation
If we have enough rainy-day fund to tide us through an emergency, if we are not overly in debt, if we are good in our work and earn a reasonable good income, if we keep our expenses low and are able to save 10 per cent to 20 per cent each month, if we are not investing all our money away, if our insurance is well done up to protect us against all life risks, if we are physically healthy, if we have quite a long while before we need the money we invested, the ups and downs of the market means nothing to us.
We will be able to stay invested because our foundation is strong. The problem with most investors is that we don't spend time doing a thorough financial audit and jumped right in and out of the market because someone invoked our greed or fear about an upcoming trend or financial holocaust that his 'crystal ball' is telling him.
Strong adviser
As an investor, we need an adviser that is experienced and competent to instill that sufficiency mindset, helps us know what we really need and assess our financial foundation. He will then put together a suitable investment portfolio that will deliver the returns we need over the long term but yet not goes up and down beyond what we are psychologically and financially comfortable with. This is so that we can stay invested and not bail out halfway, because we feel like vomiting! He must have the moral courage to stay and hold on to us throughout the entire investment ride.
Unfortunately, over the last 12 months, I have come to know of many advisers who switched to selling properties, land banking products, insurances because 'this is a bad time to be selling investments'. They bailed out before the clients do!
I find having a strong adviser the most important of the three but yet the hardest to achieve. Over the past months, we have been looking for advisers who are competent and passionate to do good work, to grow our team. Candidates will come and say how passionate they are in providing good advice to clients but when they realised that they couldn't make big bucks fast in a firm that doesn't take commissions, they find a nice way to exit from the interview. That is how much passion costs!
People must realise that if you truly want to do good financial advisory work for the client, you cannot make big bucks fast unless you take big fat commissions and incentives at the expense of the clients. You will only make a comfortable income after some years when you have proven yourself to be competent and can retain the trust of your clients. But I guess, not many have that patience to wait. So it was an uphill task for us, especially when the banks are recruiting again.
The markets have generally risen over the past 10 months. Gauging by the crazy prices of properties in Singapore, everyone seems to be bullish again. But please do not let what we have gone through in the last 12 months go to waste. Be equipped with the three 'S' before we jump onto the investment bandwagon again.
The writer is CEO of Providend, Singapore's sole fee-only independent private wealth management firm.
By Christopher Tan
CEO, Providend
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