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Fellowship of the Shares

hmm. sure sure. we can like all contribute a chapter and then compile it together into a book.

btw, who is Tee? never seen him/her around leh

 

Wow... how can you not include the many others, like Shplayer, Billywows, Nextdoor(my sifu), Tee, Cashier, 'Nostramudus', etc, etc...  :)

 

elf, singaporegal, iPunter, how about we get together and write a book about investing in the singapore stock mkt. we can call the book ..... hmmm.... "The Fellowship of the Shares"

 

Wah. this thread was started only 2 days ago & it has already garnered 1370 views and 79 replies.



maybe its becos of the quality of the postings in this thread or the famous personalities here.

 

A few weeks of a few months (I mean not more than 3 months).

For example Sembkim : One can accumulate in Jun & Jul 06, sell in Aug 06, accumulate in Nov, sell in Dec 06

 

Hi Sporeguy,

I only trade shares with at least 6 months of daily volume > 1000 lots. I don't really like shares that hibernate for a long time and then suddenly wake up. Stocks like these smack of massive manipulation.

 

I prefer to look for Alladin's lamp in the charts... hehe...

By the way, it's been commonly said that  if you can't see it, it's not there.

In practise, this usually translates to mean that "you see what you want to see". I've experienced quite a lot of disagreement among fellows regarding this during my futures trading days... :)

 

btw punter...and billywows too from the looks of it.. how do you guys see the cup-and-handle or whatever graveyard thing etc you talk abt on the charts?

*blur* not familiar with those charts.

keke. the heavy goods truck is gonna do something big next week. only, i don't know what.

 

Singaporeguy...

hehe.. if you are beginning to eye ( I'm only assuming, you see) these  dynamic stocks, then SPC is a heavy goods truck by comparison to these  super  accelerators... :)

 

heyho sporeguy...any relation to singaporegal? :P

act, yes. those are what i term my FA holdings. TA holdings are what i call my trading positions, just for a short while only. so TA stocks= monthly salary, FA stocks= annual bonus.

yeah, i'm weird. hahaha.

you looking at any counters? let's compare notes....hehe.  

 

ya know, surelywin, what you're asking from me is a complete financial plan...which would cost you a pretty penny at any insurance/financial planner. *hint hint* :P

haha.

bunbun (why this nick??? tell leh...).. i kinda assumed they had insurance already. since at 55, if you were to buy insurance now, it'd cost you a bomb. Actually i factored in for disease. 300k of that 3.6mil went to medical. Which was why it's abt 6k left per mth for the couple. very rough figures only tho; ain't gonna calculate so precisely for a hypothesis.  

Anyway, at that age, the only coverage you need is critical diseases and term life (pls don't buy insurance-linked 'investment' plans.)--'cos if at 65 you still have children depending on you for handouts, i say, cut them loose man. (ya, very cruel, i know). 



400k for a hdb. freehold condos will cost you 600-800k at least. pls note i'm not an expert in property...and i only favour the east 'cos elf grew up by the sea, and i need water around me. hehe.



moderate spender is the assumption i gave-->3k per pax per mth. 'high end' in the insurance biz is 5-6k per mth. (on the assumption that you are debt free, all house/car/etc loans cleared, so the 3k is pure spending money).



pls note also that condos will cost you quite a lot more in maintenance and conservancy fees every mth.



and what kind of hols you looking at? a trip on the QE2 is gonna be way more ex a hols than a trip to say, thailand. haha. You gotta count your figures yourself and see what you're comfortable with. it's balancing expectations and reality. :)



divvy plays: you're counting 5% per annum. that's equivalent to maybank's FD. Consider other stocks like st engg, smrt, singpost, and the reits. they can give up to 10%, dep on the price you get them at.

 

I have to divert this discussion from the SPC thread to here which is more appropripate.

Sporegal & elf seem to be in the same category, only invest in counters of constantly above1000 lots daily. Have you tried those shares which trade around a few hundreds lot daily (good for accumulation) and suddenly ten thousands lots daily for 2 to 3 days (good for selling) and then goes to sleep for a few weeks or a few months (accumulate again) and suddenly awaken (good for selling again) ?

 

After taking care of everything else, I'd set aside $1M for a pleasurable and stress-free trading account using a sound mechanical system!

Coz making money is an ultimate pleasure in itself!

 

4 millions is good enough for a couple aged 55 without any dependant. Is it important to turn this money to 5 mil in a few years? So why take risks?

I would spend about 1 mil for a house and put 3mil on FD and spend the money comfortably. Even if I have to eat up some amount from the principal, I dont think my 3mil will be depleted when I reach 80 years old.



In my dream, half of the amount is good enough for me.



Well, let me tell you a story about the Bombay fisherman and the Madras fisherman.



One day, a Bombay fisherman went to Madras and saw the Madras fisherman lying on beach with some of his catches.

So the Bombay fisherman give the Madras fisherman a piece of advise. He said, "You should go out and haul in more fish so that you can increase your income. then you will be able to buy a bigger fishing boat. With the bigger boat, you will be able to increase your catch and make more money. Then you can buy another boat and employ some locals to come and fish with you. Imagine, in a few years' time, you will have a fleet of 10 boats and you will be able to relax on the beach and enjoy the sunset.



The Madras fisherman then replies, "What do you think I am doing now?"

 

elf, no insurance protection for you? tat's usually not what a complete financial planning should be leh.



oh i forgot. elf doesn't get sick and die so easily... ;P

 

since you didn't mention their debts-status and their lifestyle needs, i assume all are take care of. that 4-mil is purely for buying house and investment needs (as mentioned below).



inflation or not, 50% in savings would have provided me comfortably in my basic spendings.



as for property, since i am not limiting myself to buying in Sg, that can also be served as investment purpose - rental collection. countries to look at now would be vietnam and certain parts of china. i always have a soft spot for thai properties, so i may buy a studio unit just for me to stay in when i am there for holidays :)



remaining balance will be spreaded into insurance, mainly medical so that i don't have to worry much about med bills if something happens to me. of cos still need to pay $ cos of the stupid deductible clauses etc, but at least cost is bearable.



lastly, speculating will hopefully provide me with wkly/mthly kopi $. of cos, provided i don't end up losing all those i vested ;-)

 

surelywin, the question is their daily expenditures and needs. Are they the high living type, or the simple, down to earth type?

because with 4 mil, counting 40 years left to live (yeayea morbid, but it's part of financial planning), assuming they're debt free, they actually have enough to live comfortably on already. buy a flat for 400K, left 3.6mil to live on. div that by 40 years, you have a comfortable sum of at least 6k per mth (incl inflation).



the key thing i'd advise: don't buy 'hot' property, not at this time. Not unless they have children they want to leave it to. 'cos if you look at psf value, you can get an E-flat for abt 450k, land area of abt 1500-1600sq feet. To me, it's ridiculous to pay 2000 psf for a measly 850sq ft apartment, marina bay area or not. esp when they're 99 yr holdings too. If private property is a must, look at the kembangan and east coast area. some bargains to be had there.



but again, it's individual choice. if 'brand name' (waahhh...district 1,4,9,10,11) are all that matters, and they can afford it, it's fine.

personally tho, i'd choose a bigger, more spacious no-brand HDB flat, and get to spend on holidays, jewelry and investment etc instead. hehe.  

 

i don't know about the rest. but i am a conservative invester. if i am in their position, 50% of that 4mil will be in FDs.

20% in property, not limited to Sg porperty.

Remaining for speculating and in insurance, likely to be with Prudential or GE.

 

hey...billywows, if you're able to trade on gut instincts alone, it means

1) you have a very good knowledge of the market

2) you can separate instinct from impulse, and actually not get carried away by the latter.

my utmost respect, man. Will be listening to your advice, definitely. :)

With regards to instinct, yea, i'm getting weird vibes too from the market. it's making me nervy.

 

It's the "Emerging Markets" play... :)