Lone wolf investor

  Lone Wolf Fund(LWF) Portfolio as at end of July 1.) Cash  2.) Singapore Medical Group(SMG) 3.) Comfortdelgro Corporation(CDG) *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary Happy Birthday to my beloved country, Singapore, a place where I call home. If Singapore was a listed company which could be bought and sold like any other securities on the stock exchange, the “Singapore stock” would have made you close to 158x return in 57 years. Singapore GDP per capita started at a mere USD $500 in 1965 had risen to USD 79k by end of 2021. In 1965, a country barely half the size of London with no natural resources and 2m population comprise of mostly the poor and hungry, set out to be a new country with huge odd stacked against us. Our pioneer generation set out the daunting task of creating jobs and attract investments into our country. A miracle was born out of wedlock. The miracle is well documented, I wouldn’t go f

 Chief Justice’s Chamber@National Gallery, Former Supreme Court  Market Summary 17-24 July 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US business activity contracts in July for first time in 2 years: survey - Yellen called on US allies to strengthen trade relationships to shore up global supply chains  - Yellen said had productive meetings proposed price cap on Russian oil with host of countries on the sidelines of G 20   - US blockade of major California seaport stretches into day three - US weekly jobless claims hit fresh 8-mth high, rose 7000 to seasonally adjusted 251,000  + US gas inventories up by 32 bn cubic feet compared to previous week to reach 2401 bn cubic feet: EIA  - US crude oil inventories declined by 0.4m to 426.6m barrels  - US existing home sales down 5.4% in June compared to previous mth and 14.2% annually  - Goldman warned may slow hiring, cut expenses as deals slump, reporting 4.8% down in quarterly profit  + Boeing plans to boost 787 productions after regulatory bodies giv

  (NLB e Resources) This week Wolf Bargain will be something different. I haven’t been trying out new food or found any particular eatery worthy of a recommendation. This week bargain is more towards an intellectual bargain. Free to be precise. Some readers might had known it but I just shared for the benefit of my blog readers. I enjoy reading the local newspapers especially the business sections but I frown on paying my subscription (sorry to all friends working in the newsroom) due to too much “white politics”  taking up too much real estate in the paper. Who pay for “party paper” now? 😬. What I can appreciate is the insightful market commentary by our Journalists which add depth to the quality of the papers. Thank you for the hardwork, Journalists. Special shout-out for Ben Paul of BT who has the inquisitive mind and guts to ask the tough questions on corporate governance.  My love affair with newspaper especially business news started in Army N years ago. During my NS stint, my m

Roberto Chabet Philippines 1937 Contemplation & Desire circa 1965 Collection of National Gallery Singapore  Market Summary 10 - 16 Jul 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US inflation hits new 4-decade high of 9.1% in June  - Fed senior governor Waller open to 1% rate rise if incoming data warrants move  - Fed 2 most hawkish policymakers said favoured another 75-basis-pt interest rate increase in July  - US manufacturing output fell 0.5% in June, down for 2nd straight mth + US retail sales shot up 1% in June amid ongoing surge in prices, poses challenge for US central bank  - US recession risk up in next 2 years but returns set to improve: Vanguard  - US weekly jobless claims hit 8-mth high, labour market still tight  - US factory output declined 0.5% in June for 2nd mth on consumer goods  + US business inventories increased strongly in May, rose 1.4% after up 1.3% in April + US import prices increased less than expected in June likely due to strong dollar  - US oil and gas dealmaking

  ‘What To Do When The Bubble Pops’ personal and business strategies for the coming economic winter by Harry S. Dent, Jr was the second book by the author that I had picked up and review. The first been ‘The Sale of a Lifetime ’. The latest book had a similar sounding theme to it. Market is crashing, you should run for the exit with godspeed!. The author is the bearer of bad news, any optimist will turned pessimistic after reading his book. I always like to read opposing views(the bearish and the bullish) to be able to come out with my own opinion on the current state of the market. (Contents) Although there are a couple of flaws in his assessment(one been Singapore property had drop substantially in the year 2020 which is not the case, instead of dropping, 2020 turnout to be the start of a strong run up in property price in Singapore). I still find it worthy of a read since it is a wafer thin book with only 135 pages. His in-depth study of cradle to grave cycle, Geopolitical cycle are

  (Strong improvement in rail ridership number) This is a follow up on ComfortDelgro Corp . A good chunk of CDG revenue and profit came from public transport services. 75 percent owned SBS Transit just reported rail ridership for the month of June came in at 1.007m. Year on year ridership for June went up close to 76% from last year 570k. Ridership for month of June is close to 86% of pre covid level in 2019. A full recovery is on the way. I estimated ridership to hit pre covid level by the last quarter of 2022. If Yesterday I dropped by Vicom inspection centre at around 3pm. Long queues are forming at inspection lanes. Average waiting time is around 30min-1hr. Vicom business is likely to experience a boom due to old cars extending their useful life no thank to high cost of COE which hit 110k recently. Vicom is majority owned by Comfortdelgro Corporation . Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below  https://t.me/joinchat/oCgkD

  “The New Case for Gold” by James Rickards mention about the merits of gold as a form of investment. I got to admit I am not a big fan of Gold which had been underperforming since the 1980s. If gold are to trade base on inflation and brought back as a gold standard, it would be selling at more than 10k per ounce vs the $1800 ish which it is trading now. There are a lot of conspiracy theory why gold is not trading at that level.  The author talks about the merits of Gold as an alternative stored value currency. For eg, in a war, gold is fungible everywhere, it holds it value, there are no currency exchanges losses. He foresee a run on the dollar which spark a rush for gold due to the unstable monetary policy created by the US Fed. He warned when there is a gold rush where everyone want to get their hands on gold, there will be none available for retail buyer. The key is to start your gold staking journey early. There are growing indications major economies like China, India, Iran and R

  Po Po Myanmar 1957 Incomplete Mirror circa 1991 Collection of National Gallery Singapore  Market Summary 27 Jun – 02 Jul 2022 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - S&P posted worst first half since 1970, benchmark down by 21%  - US manufacturing activity slows to 2-year low in June - US consumer confidence index fell to 98.7, down from 103.2 in May  - US core PCE deflator slowed from 4.9% to 4.7% YoY vs consensus forecast of 4.8% - US new vehicles sales tumbled >21% in Q2 YoY as global chip shortage continued to cause production problems - US mortgage lenders, refinancing firms, real-estate brokers may lay off thousands of employees in coming mths + US mortgage rates fall for the first time in 4 weeks on economy uncertainty, 30-year fixed rates fell by 11 basis pts - US construction spending fell in May as single-family home building stalled, construction spending slipped 0.1% - US prohibits Russian gold imports, UK, Canada and Japan reportedly joined in ban  - Boeing said “disappointing