Lone wolf investor

  (Image credit: The Business Times) When to say no The recent Anti-Money Laundering operation by the police rounded up 10 suspects with close to $2.4b in assets and cash seized. It is one of the largest AML seizures in Singapore’s history. Over 100 luxury properties, top of the line cars, cash and gold bars were taken in as part of the operation. I am not here to talk about the case as investigations are ongoing. The case implicated many property agents. Some were suspected of direct involvement and some unknowingly got implicated in the case. Lawyers and bankers for some of those transactions are unlikely to be off the hooks too. When to say NO is a simple and yet difficult reply. For this headline-grabbing case, big money was involved. It is very difficult to say No to a property transaction worth millions of dollars where one huge deal can bring in a year’s worth of earnings. I am not condoning those agents who have broken the laws. The No reply is not as simple as No, given ho...

  The result for Oct 2023 SSBs is out. All applications within limits were filled. I suspect we will have more competition for next month SSBs due to higher yield. Good luck 👍. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we ca...

  (At $18.80++ for weekday lunch or dinner buffet, it is hard to beat) Crystal Cafe, Orchard Grand Court Hotel https://www.ogc.com.sg/dining.html I have to be honest, I am not a buffet person, but I keep suggesting going to a buffet with my wife. Maybe I am a buffet person after all🤔.This Taiwan porridge buffet is no Taiwan porridge, it is probably closer to the Teochew Porridge style. I am sure Taiwanese don’t eat those things found in the buffet spread. The most Taiwanese of all things is Fermented Beancurd, which is likely made in Taiwan. Take nothing away from Crystal Cafe for putting up a credible buffet spread amid the low price. The restaurant looks rather tired with its mid 80s deco but at $18.80 per person for a weekday lunch or dinner buffet, it is hard to be picky. There’re enough selections to keep everyone happy. Wu Xiang(Fried Five Spices Meat Roll) is my favourite, a must try. There were plenty of braised dishes to go with sweet potato porridge like eggs and beancur...

   (Source: MAS website) The yield for Oct SSBs had reached its highest since Jan 2023. The average yield of 3.16% is an improvement from last month 3.06%. 3/4 of the current month had passed, it seem Nov SSBs yield will be higher than 3.16%, setting another year high due to higher yield in SGS 10 year. The SSBs yield took reference from 10 years SGS bond yield. With the current reflation of Oil, approaching USD $100 per barrel, it is very unlikely Fed rate increase is going to pause. The path to higher rate look set to continue for at least this year. Closing date for this month application is on the 26th of September 2023@9PM. God Bless. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and in...

There was a new addition to The Lone Wolf Fund this month. I bought just about enough shares in SBS Transit to generate enough dividend to cover my family’s public transport cost. The recent 7% increase in public transport fares which workout to be around 10c-11c extra per trip, will have a positive impact on SBS Transit Rail’s bottomline as the company co share fare revenue with LTA under the new rail financing framework for DTL and NEL. DBS research estimates the fare hike will improve SBS Transit’s bottomline by $14.7m. The newly introduced fare formula helps address the drop in daily commuters due to work from home trend reducing growth in passenger numbers. The upward adjustment of fares increase SBS Transit Rail revenue by close to $21m a year with 15.6% of the outstanding fare increase carrying over to next year fare review. The government pays a grant to the public transport companies for the deferment of the outstanding fare increases. Rail ridership in August reached an all t...

Bio Quang Anh Vietnam 1940 Reconnaissance Squad of Battalion 33, Heroic Engineers on the Ho Chi Minh Trail circa 1970-71 Collection of National Gallery Singapore  Market Summary 11-17 Sept 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 - US CPI up by 0.6% in Aug or 3.7% YoY, largest increase MoM in 14 mths, gasoline prices jumped 10.6%, account for >50% of increase  - US factory production rose 0.1% in Aug, down 0.6% YoY, data for Jul revised lower to 0.4% instead of 0.5% + US import prices up 0.5% in Aug, down 0.3% YoY, export prices up 1.3% MoM, down 5.5% YoY  - US producer price index up a seasonally adjusted 0.7% in Aug and 1.6% YoY  + US retail sales climbed 0.6% in Aug, well above the 0.1% estimate  - US retailers will hire lowest number of seasonal workers this holiday season since 2008 due to increased labour costs, shaky consumer confidence - US junk-related firms are using debt issuance window to extend liabilities to extend billions of dollars short-term liabilitie...

  (Contents) The 2nd series of three part trilogy of Musings by George Yeo was out around March this year. It took me half a year to finish the book given it was a much thicker book, 50% more to be exact than series 1 . It was one occasion on which I managed to finish a 600 pages book with enthusiasm. The world view gained through the lens of George Yeo is remarkably refreshing. Mr. Yeo’s views were more objective, a big difference from the pro-western view on the internet. As he repeatedly mention if you look at history, one can’t see a snapshot of it, the current world affair traces its roots back to its entire history. He is a prime example of a walking history Wikipedia. There were many topics that left a deep impression. Stories about his family fight against illnesses were inspirational. His wife and both sons had suffered from health scare which required operations. Given his position as a former diplomat, he was blessed with help from people of influence. He was grateful to...

  Andrew Gn: Fashioning Singapore and The World Exhibition from 27 May to 17 Sept 2023 Dress worn by Princess of Wales for the Trooping the Colour ceremony  Donation by Andrew Gn Collection of Asian Civilisation Museum Market Summary 4-10 Sept 2023 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸 + US jobless claims hit lowest level since Feb, fell 13,000 to 216,000 in week ended Sept 2 - US equity funds see outflows for 6th week in a row, investors withdrew net US$5.96bn vs US$4.42bn previous wk - US factory orders down 2.1% in July; manufactured durable goods down 5.2%, non-durable goods up 1.1%  - US US$7.6 trillion govt debt will mature within a year, represents 31% of all outstanding govt debt  - US lawmaker called for ending Huawei, SMIC exports after chip breakthrough  + Nasdaq gets SEC approval to launch first exchange AI-driven order type  - US housing affordability remained at record low in Jul; high mortgage rates and prices kept home ownership out of reach: NAR + US to...