Lone wolf investor

  Lone Wolf Fund(LWF) Portfolio as at end of December   1.)  Keppel Corporation   2.) Cash Test case   3.) GRAB Holdings (excluded from LWF)- Test case for new/big tech investing  *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary   The Singapore Straits Times Index close the year with a 9.5 percentage return. Given the low base last year, it was a gain much needed but it failed to draw my inspiration. S&P return close to 26 percent for 2021. Keppel Corp continue its underperformed against the broader market. The stock was down more than 5 percent since the start of this year.  This year had been a year of two half for me. LWF was flat in Dec. LWF did better than general market return in 2021. I estimate LWF give a return slightly more than 15 percent for the whole year. The major contributor of the gain came from Boustead Singapore. I am delighted to put my capital t...

Svay Ken Cambodia 1933-2008 Hotel Le Royal circa 1994 Collection of National Gallery Singapore  Market Summary 20-26 Dec 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + US outlook for full-year 2021 growth revised upward to 5.5%, improvement of 0.7% pts  - US current account deficit jumps to 15-year high in Q3, up 8.3% to US$214.8bn  + Biden convening meeting of US officials, private sector companies to address supply chain disruptions  + US consumer confidence improves in Dec despite inflation, pandemic fears  + US personal consumption expenditures surged 5.7% in Nov YoY, sharpest rise in nearly 40 years  - Biden singed law banning goods made in China’s Xinjiang region  + US existing home sales advance for 3rd consecutive mth  - Biden extends student loan repayment pause through May 1  + US consumer sentiment improved slightly in Dec stood at 70.6 + US initial unemployment claims unchanged at seasonally adjusted 205,000 - US airlines scrap nearly 1000...

  BREAK’EM UP, recovering our freedom from Big AG,Big Tech and Big Money by Zephyr Teachout would have been mistaken for a socialist party manifesto. The book with foreword by Democrat Senator, Bernie Sanders set the tone for the content. Bernie is the firebrand representation of socialist movement in US and his anti big businesses resonate with a lot working class American.  This book has similar favour to the previous book I had recommended “Post Corona Crisis to Opportunity” by Scott Galloway . The rhetoric against big tech was much stronger in this book which also included big businesses outside of the tech space.  The author mention about the chickenization of the American working class where big business had taken away much of workers’ rights due to discouragement of union movement by some big companies. The power of union and collective bargaining had weaken considerably over the years. Not only workers are affected by the shift, small business owners are under thr...

Nam June Paik The Future is Now exhibition 10 Dec-27 March 2022@ National Gallery Singapore Market Summary 13-19 Dec 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + Fed will tighten credit faster and see 3 rate hikes in 2022 + US manufacturing output index climbed 0.7% in Nov to 100.6, highest level since Jan 2019: Fed  - US retail sales increased less than expected in Nov, rising 0.3% MoM vs 0.8% consensus forecast  - US wholesale prices rose 9.6% YoY, highest level going back to Nov 2010  + Biden signed debt ceiling increase, preventing first-ever US default  + US process of reducing asset purchases by Fed will end by mid-March 2022 if recovery stays strong: Powell + Fed will halt asset purchases by March and hike rates in June: CNBC survey  + US private sector economic growth maintained strong momentum in Dec; Supply chain shortages ease: IHS Markit  - Biden declared a major federal disaster in Kentucky after swarm of deadly tornadoes hit the state  - US...

This is my third update on interest rate. At the Fed meeting yesterday, the Fed Chairman had indicated tapering will be dial back at a faster pace. The 15B committed reduction in Nov and Dec 2021 will be increase to 30B a month starting Jan. By March 2022, Fed bond buying program started during covid era will end. That will pave the way for an interest rate increase starting April 2022. There will be 3 interest rates increases in 2022 as communicated by the Fed as at present situation. Situation is subjected to changes and is highly dependent on the inflation data and employment number. Repricing of risk is on the horizon for market participants. Wolf Money(interest rate watch)update 2.0 August 19, 2021 This is a repost which I wrote a couple of months ago. The latest Federal Reserve meeting minutes released had shown most members favour a tapering by end of this year. The timeline is similar to my own forecast. The Fed is also concern with the runaway valuation of the stock market. Th...

  I remember most if not all my Wolf Bargain blogs were f&b related. The time is ripe for a Wolf Bargain X’mas non f&b special. After having good food at parties during the festive season. It is time to do some walking to work off that excess calories. I am sure most of us would have visited Gardens by The Bay at least once since the Garden opens its door 10 years ago.  Now there is more reason to visit them regularly. They are currently having a Friend of the Gardens membership promotion. For only $42(usual $68 adult only). One can enjoy 1 year unlimited access to Flower Dome and Cloud Forest, 10 floral displays, unlimited visits to OCBC Skyway, free first 2 hours parking, member discount at retail and f&b establishments within the Gardens. The promotion runs from 26 Nov-4 Jan 2022. There are also different ticketing promotions to suit a larger family. I have included the link below. My family enjoy the greenery which the Gardens offer without the scorching heat. ...

U Kin Buang (Bank) Myanmar 1908-1983 Burmese Musicians circa 1964 Collection of National Gallery Singapore  Market Summary 06-12 Dec 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US inflation surged 6.8% in Nov, fastest rate since 1982 - Goldman Sachs downgraded US economic growth forecast for 2022 from 4.2% to 3.8%  + US weekly jobless claims fall to 184,000, lowest in >52 years  - US labour productivity declined 5.2% from previous 3-mth period, biggest quarterly decline since 1960 + US household wealth rose to record US$144.7 trillion at end Q3, smallest increase of pandemic era: Fed - Biden halts US funding for new fossil fuel projects overseas   + US pending home sales jumped 7.5% in Oct - US powerful tornadoes killed >80 in 5 US states  - NY ordered hospitals to halt elective surgeries as hospitalisations surged  - Silicon Valley’s share of US VC funding falls to lowest level in more than a decade: TechCrunch  - US considers banning key exports to C...

  Since the start of Covid 19, everyone is banned from singing karaoke in a public entertainment outlet. The consolation is to have a similar sounding name of Teochew porridge. This Teochew porridge at Hong Lim Food Centre share the same name as the karaoke music box, Teo Heng. The hawker stall is unremarkable, hide in a cold corner on first level of the food centre. One would probably miss the stall if you got quick feet. The Teochew porridge is one of the most authentic. I like it for its purest form. No fancy stir fried, no deep fried food, no other things that was not supposed to be associated with Teochew porridge can be found.    (The heavenly tasty “Kat Kat” fish) Fish and braised foods with dark soya sauce dominate the display shelf. The highlight of our order is boiled “Kat Kat”fish(similar sounding name as Kit “Kat”). I was told it was rarely available. I ask the stall owner what is the official name in English and Mandarin. He say” I don’t know” but he mention ...