Lone wolf investor

Lone Wolf Fund(LWF) Portfolio as at end of October   1.)  Keppel Corporation   2.) Cash Commentary   Today marked the 100th post of my blog. It had been a good self discovery journey since I started this blog in January. Some good books, food and stocks were found. I will like to encourage all to partake your own self discovery. There are plenty of beautiful things in our surrounding waiting to be discovered. Just take some time to smell the rose. It is worthy of every moment. Most markets including our STI did well in the month of Oct. The huge correction predicted by the market commentator turn out to be a wimp. The Straits times index was up close to 4 percent for the month of Oct. My portfolio had a quiet month in term of capital movement. As mention in my previous update I am unlikely to do much to my portfolio currently due to lack of opportunities that I am comfortable with in putting my capital to work. I continue to be steadfast with my holding in Keppel Cor...

  Tay Boon Ping Singapore 1936 Teh Tarik Seller circa 1969 Collection of National Gallery Singapore   Market Summary 18-24 Oct 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US business activity increased solidly in Oct, though labour n raw material shortages held back manufacturing: IHS Markit  + Powell says ‘premature’ to up rates despite inflation risk  + US budget deficit shrank in Sept to US$62bn from US$125bn YoY, smallest since Jan 2020 + Biden said close to striking a deal to pass major infrastructure, social spending measures, n corporate tax hikes unlikely  - Democrats to target businesses, wealthy individuals for new revenue to pay for US$2 trillion social-policy and climate package   - Fed’s Bostic: supply chain disruptions, labour market constraints, strong consumer demand could keep inflation high into 2022 + US jobless claims totalled 290,000, below 300,000 DJ estimates, at 19-mth low  + US sealed agreement to end European digital taxes on Americ...

“ Half Time” changing your game plan from success to significance by Bob Buford is a thought provoking book handed down to me by a friend of mine. Thank you for the kind gesture, Dalip. This is a book everyone should take a moment to read. It might just change your prospective towards life. The author described what life he envisaged in the second half vs what he did during his first. Imagine what if sweet smell of success is not as sweet anymore. Closing a big deal, achieving record earning for the company didn’t bring him as much joy and satisfaction. In some way, he was suffering from a bit of that mid life crisis when he was at the top of his game as a successful cable tv entrepreneur. In the first half, He was a highly successful business owner in his field of cable tv. He made a good career and in process reaping the rewards for all the nice trimmings which you will normally associate with a good life. A successful career, nice house and luxury cars. In his second half, he divert...

  Goh Beng Kwan Singapore 1937  Black Afternoon Circa 1963 Collection of National Gallery Singapore  Market Summary 11-17 Oct 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US annual inflation rate edged up to 13-yr high of 5.4% in Sept from 5.3% in Aug  - US PPI surged 8.6% in Sept YoY, biggest jump on records dating back to 2010 + US retail sales increased 0.7% in Sept against DJ estimate for decline of 0.2% - Fed says could begin ‘gradual tapering process’ by mid-Nov  - US close to 500,000 low-income homeowners, many are minorities, are nearing end of mortgage forbearance plans  + US to discuss China’s Phase 1 trade deal non-fulfilment at upcoming meeting with Liu He: Katherine Tai + Biden to announce 24/7 operations for Port of Los Angeles  + US initial jobless claims fall below 300,000 for the 1st time since pandemic began to 293,000 + US to ease travel restrictions for vaccinated foreign visitors  + US big banks’ wealth management businesses put in a...

(Shop Front Source : Company website) Many would have heard about this ramen shop. They had their first outlet at Orchid Hotel. Headed by Ramen Champion Chef, Tekeda Keisuke, it was a sensational hit with the diners where long queue can be seen circling half way round the hotel when they opened in 2005. The queue is a bit more tame now. They have grown quite a few outlets since 2005 and across different ramen styled in Singapore.  My family frequent their Ramen Keisuke Four Season outlet at Bugis Village. My son always felt the spring in his steps when I bring him to the restaurant. It is a shop where we can enjoy good comfort food and warm service. My son can be testimonial to the good food and service. My Ramen goes for around $12. I ordered a winter ramen with additional seaweed. The soup is well boiled. I was told they need to cook it for 8 hours to bring out the favour of the soup. My Ramen came with some modifications with no oil, less salt and normal noodle texture. The full...

Ang Ah Tee Singapore 1943 Mama Stall (Sophia Road) circa 1986  Collection of National Gallery Singapore  Market Summary 4-10 Oct 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US job growth slows sharply in Sept amid decline in govt payrolls, added 194,000; unemployment rate falls to 4.8% + US pledged to begin unwinding some tariffs imposed by Trump on goods from China, seeks “frank talk” + US, Chinese diplomats’ hold talks in Zurich with commitment to continue speaking at senior level  + US jobless claims fell by 38,000 to 326,000, first drop in 4 weeks  - US trade deficit jumps to record high to US$73.3bn in Aug, boosted by imports as businesses rebuild inventories  - Yellen sees inflation staying higher for next several mths  + US Senate voted 50-48 to increase debt limit by US$408bn which will cover until early Dec, averting default    + Biden and Xi agree to hold virtual summit within this year  - Democrats set to target palm oil, beef trade in d...

  The book “Big Money Think Small” by Joel Tillinghast talks about what investors should look out for when they invest. I find the book quite intense as it covers many topics including Psychology and Forensic aspect of investing. Psychology aspect talks about our own bias towards certain investment and the herd mentality of FOMO(fear of missing out). Asset bubbles like South Sea and The Dutch Tulip Mania were prime example of FOMO that ultimately lead to chasing of inflated assets which cause an unprecedented crash.  (Contents) Forensic aspect are mostly centred around reading financial statements especially the footnotes of accounting statement. Although I never believe one should have a degree in accounting or ACCA certification to be a good investor but having some accounting knowledge is definitely helpful. Drawing on my own experience, I always invest in company that produce strong operating cash flow. Operating cash flow represent the health of the business. Operating ca...

Anthony Poon Singapore 1945-2006 COL-TRI circa 1973 Gift of the late Artist’s Family  Collection of National Gallery Singapore  Market Summary 27 Sept – 2 Oct 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US consumer spending rose 0.8% in Aug, better than expected, inflation rises + US manufacturing expands further in Sept, but factories facing shortages in raw materials, higher prices for inputs  + Congress passed legislation extending govt funding through Dec 3, avoiding a shut down - Republicans say will reject legislation in Senate as they will not support a debt increase or suspension  + US trade chief to unveil Biden’s China trade strategy on Monday  - US approached China to reduce oil imports from Iran, to pressure Iran into nuclear deal negotiations  - US regulators started countdown that will force many Chinese firms to leave US stock exchanges - US 2 top central bankers of Boston, Dallas stepping down after reports of potentially unethical investments in ...