Lone wolf investor

  (Image credit: Womderful Quote) Market Summary 16-22 Sept 2024 *USA*  + Fed cuts rates by 50bps to 4.75%-5%, first reduction in borrowing costs since Mar 2020 + US retail sales edged up 0.1% MoM in Aug, beating forecasts of 0.2% decline + US industrial production rose 0.8% MoM in Aug, the most in 6 mths, vs market expectations of 0.2% increase  -US current account deficit of US$266.8bn in Q2, widening from US$241bn gap in previous period  + US initial jobless fell 12,000 from previous week to 219,000 to 4-mth low  + US housing market needs more Fed rate cuts to boost supply, affordability: Fitch Ratings  + US average rate on 30-year fixed mortgage dropped to 6.09% in Sept, lowest level since early Feb 2023: Freddie Mac  -US existing home sales fell 2.5% MoM to seasonally adjusted annualised rate of 3.86m in Aug  + US housing starts soared 9.6% MoM to annualised rate of 1.356m units in Aug + US building permits rose 4.9% to seasonally adjusted annual rate of 1.475m in Aug, highest in

  (Source: MAS) The average 2.77% yield on current issue SSBs is still somewhat attractive given the circumstance surrounding the falling yield of our 10 years SGS. Base on the lower yield of our 10 year bonds, we are heading towards lower yield on SSBs in subsequent months. This is the last month to get a proper long term yield. With long term yields dropping like flies elsewhere due to the aggressive rate cut by the US Fed. SSBs yield will be mimicking the lower rates. Closing date is on the 25th Sept@9pm . Good 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/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

  I did a sale of my small position in GRAB in pre market. With rates decision coming out tonight, i am talking some money off the table. I probably just managed to wipe my face on my GRAB after factoring currency and transaction costs.  As you might have seen it in the news, Singapore passed a law to approve CPF contribution to gig workers. CPF contribution will likely add an additional layer of cost to GRAB. There are news about over supply of PHV on our road and driver are earning lesser. I will explain in greater detail in my month end portfolio update. Thank you. 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 involves substantial risk of loss. We encourage our reader to invest very careful

  Wilmar stock has been massively underperforming the STI. With the Chinese economy weakening again. I am taking a more cautious view on Chinese related play. Given we had a good run in the market. It makes sense to take some money off the table. Return on Wilmar for the 3 months period is in excess of 4% with dividends included. Cash will be redeployed. 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 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 direc

  (Image credit: BrainyQuote) Market Summary 9-15 Sept 2024 *USA*  + US CPI up 0.2% in Aug, put the 12-mth inflation rate at 2.5%, down 0.4% from Jul level, lowest in 3.5 yrs   + US core CPI up 0.3% in Aug, the 12-mth core inflation rate at 3.2%, in line with forecast  + US producer price index rose 0.2% in Aug MoM, in line with expectations  -US govt for the 1st time has spent >US$1 trillion in fiscal yr on interest payments for its US$35.3 trillion nation debt: Treasury Dept    -US govt has laid out US$1.049 trillion on debt service, up 30% YoY   -USD fell to its lowest level in nearly 9 mths against Japanese yen  + Biden top aides working on proposal for a US sovereign wealth fund would allow to invest in national security interests  + US University of Michigan’s preliminary reading on overall index of consumer sentiment at 69 in Sept vs 67.9 in Aug -US hikes tariffs on Chinese goods, include a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminium, EV batteries

 (Contents) It is always better to gain wisdom from others experiences rather than learning those wisdom by making one of those costly mistakes yourself. You got me? 🙃 The Tao of Charlie Munger by David Clark. By now most value investors would have known Charlie Munger, the better half of Berkshire Hathaway. Charlie Munger, over the years, has given us plenty of his wisdom in the most simplistic form. He had inspired Warren Buffett to ditch the Ben Graham’s cigarette butt approach to buying and holding good companies with strong economic moats. That approach produces much greater returns over the long run. Charlie Munger is very cautious about debt, having suffered under the great stock market fall in 73-74. That experience shaped him into a highly conservative investor. He quotes, “The desire to get rich is pretty dangerous”. Sometimes fast money involves excessive leverage, which can cause a catastrophic outcome.  In the book, a lot of Charlie’s wisdom centre around patience. Charl

  Selamat Datang Monument@Bundaran HI, Jakarta Market Summary 2-8 Sept 2024 *USA* / NORTH AMERICA* + US Composite PMI Output Index at 54.6 in Aug vs 54.3 registered in Jul  -S&P Global US Manufacturing PMI revised down to 47.9 in Aug from a preliminary 48 -US ISM manufacturing PMI edged higher to 47.2 in Aug at 21st monthly contraction in factory activity in last 22 periods  + US services PMI at 51.5 in Aug vs 51.4 in Jul + US new orders for manufactured goods increased by 5% in Jul MoM to US$592.1bn  -US stocks weighed down by concerns over slowing labour market and tech selloff  -US trade deficit at US$78.8bn in Jul, expanding from deficit of US$73bn in Jun  + US nonfarm payrolls up by 142,000 in Aug vs expectations of 160,000, jobless rate held steady at 4.2% -US private payrolls rose by 99,000 in Aug, lowest since Jan 2021: ADP -US 10-year Treasury yield lowest since Jun 2023 under 3.7% following nonfarm employment report  + US average hourly earnings for all employees on priva