Lone wolf investor

  (Image credit: Freepik.com) Hi readers, I will be taking a 3 weeks break to enjoy the summer holidays. Update of the blog will be irregular, subjecting to wi-fi availability. In the meantime, enjoy your holidays and God bless.

(Contents) Always Have Enough Money by Tan Ooi Boon. The author is the editor of the weekly Invest column in The Straits Times. The book had a simple title, but there are many science behind how an individual can achieve their financial goals. There are many real life case studies on mistakes made by borrowers and investors. The main theme of the book revolves around reining the credit hungry monster in ourselves and be money smart.  I will describe the book as an operating manual on how to be a successful human, commonsensically and financially. As the title suggests, the book offer no get-rich fast scheme. Extensive topics on CPF were discussed. In the writer’s view, CPF life is the closest one can have your cake and eat it. The returns on CPF are superior than having an investment property collecting rental. No tenants issue, no taxes and no other fees payable associated with having a property. CPF life provides retirees with hassle-free and tax-free income for life. In the author’s

   Everton F.C Everton is a club that I have been supporting since my younger years. It was a love-hate affair. The only joy of supporting Everton was their FA Cup win in 1995, when they beat Manchester United 1 vs 0 in the finals. It had been downhill since the cup win. Everton’s trophy drought stretches three decades, with no sign of ending that jinx. Nail biting, relegation dog fights and financial troubles now plagued the club regularly. The only thing Everton capable of is charging drivers to Everton Park with the highest HDB car parking fees in Singapore. A whopping $6 an hour. 🙃 (Credit Credit: Shin Min Daily; Everton Park, Singapore) How I got to like Everton remains a mystery. I was madly in love with the game of football as a young kid. Like everyone else who was playing the game, you aspired to be the Gary Lineker of the world. It helps when SBC channel 12 beamed the weekly games from the English League. Initially, I was wearing a normal t-shirt that looked like an Everton

  (Image credit: MAS) The yield for this month SSBs is very attractive. Average 10 years’ yield of 3.33% awaits holder of the bonds. I suspect the high yield will be holding up at current level for at least the next couple months before the Fed decides on the interest rate direction(likely down). 2/3 of the market participants expect rates to be cut by September.  SSBs can be use as a short term instrument to park your excess liquidity with lead time of 1 month for withdrawal or it could use as a safe haven earning a good rate of return for the next 10 years. Each individual CDP account could hold up to a total of 200k SSBs with no single issue more than 100k each. Closing date for this month issue falls on 28th May@9pm. Best of luck. 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/join

  Art@Kampung Glam  Market Summary 6-12 May 2024 *USA*  -US Consumer Sentiment Index declined 12.7% to 67.4 in May at 6-mth low, inflation expectations rise to 3.5% from 3.2%  -US lawmakers unveiled bill to make it easier to restrict exports of AI models   -US initial weekly jobless claims up by 22,000 to 231,000    + US equity funds registered first weekly inflow in 6 weeks in 7 days amid renewed hopes of rate cut -Yellen called for Congress to give regulators more power to oversee growing nonbank mortgage industry  -Biden expected to announce raise in tariffs on EVs from China from 25% to nearly 100%, others include solar, medical supplies  -US to add 37 Chinese businesses to a trade restrictions list over security concerns  -US discussed ‘overcapacity’ in Chinese solar manufacturing, coal in climate talks + US judge halted Consumer Financial Protection Bureau’s new rule capping credit card late fees at US$8  -US postal service wants 25% hike for high-volume package shipping  + Tesla

   (Image credit: NLB archive: Singapore Press Holdings; An old article on OCBC previous takeover of GEH in 2006. Is the end game near for the longest takeover exercise in Singapore corporate history that stretches across two decades?) Great Eastern Holdings(extract from end May portfolio update) First of all before I go further, the views shared are mine, alone. It doesn’t reflect anybody views and it is also not to undermine the good work of the independent financial advisors which are been tasked to assess the fairness of this voluntary unconditional general offer by OCBC. Kindly do take my commentary with a pinch of salt given my vested interest in GEH. My view shouldn’t be taken as cardinal truth on what you should do with your GEH shares. Kindly do your own due diligence and seek professional advice. I praise and thank OCBC for starting the ball rolling with this privatisation offer. I believe the bank is capable of doing more for Great Eastern’s minorities. The offer of $25.60 b

  Statements released by SIAS and Minority Leader, Chin Woo. SIAS advises minority shareholders of Great Eastern Holdings to wait for IFA report before deciding the outcome. Minority Leader, Chin Woo, called for b.o.d of Great Eastern to maximise value for all shareholders by conducting an open auction for Great Eastern to solicit for higher offer from third party bidder with OCBC given the first right of refusal. The offer in my personal opinion still undervalues Great Eastern by a mile. To be honest, Lone Wolf want to sell my GEH shares but I can’t be giving half the house away. I will wait for IFA report before making any decision*. *not an inducement to buy or sell. 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 n