Lone wolf investor

Richard Walker British 1895-1989 Hari Raya - Gathering at the Ferry Collection of National Gallery Singapore  Market Summary 8-14 Nov 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US inflation surges to 30-year high in Oct, consumer prices jump 6.2% YoY - US govt posted US$165bn budget deficit for Oct, 42% lower than US$284bn shortfall a year earlier  + US social spending of US$1.75 trillion package may include a tax break apply to most millionaires  - US consumer confidence hits 10-year low in Nov amid rising inflation  + Biden and Xi to meet on Tue via video link + US getting traction with China in Phase 1 deal talks: trade chief Tai  - Biden signed bill to tighten telecoms equipment oversight  + Biden said chief executives of major US retailers assured him store shelves would be stocked in time for holidays  + US eyes Jan rollout projects to counter China’s BRI, include vaccine manufacturing hub in Africa, renewal energy supplies  - Fed warned China’s real estate sector including Evergrande have

  Headwinds and Hazards, Economic Snapshots in An Age of Populism by Vikram Khanna,Associate Editor of Straits Times are years of articles which he had written in the paper condensed in a book for easy reading. It is not only helpful for people like myself who don’t read the national paper, It is also helpful to those who seek a macro world view on economy, trade and politics. His write up provide a broad range of social economic to political issues facing the world now.  (Contents) One of the topic which associate to how companies and government policy could be made better. In the piece, “nudging companies to do the right thing” he draw reference from Nobel prize winner in economics, Professor  Richard Thaler’s advice to economists to study real people and not idealised so-called “rational being” which mainstream economics revolves. Through promoting of positive reenforcement, human are likely to produce a better result than to force into a corner when faced with a difficult issue. On

Link  https://links.sgx.com/FileOpen/MREL_Keppel%20makes%20compelling%20final%20offer%20for%20SPH_09112021.ashx?App=Announcement&FileID=690035 Keppel had announced they will increase the takeover price of SPH by increasing the cash component for $0.20. The final offer price base on the current price of all the shares involved in the exchange will be $2.351(base on 9/11/2021).  SPH will be allow to receive offer and enter into a legal agreement with any party up till end of 16 Nov 2021. As mention in my end Oct portfolio update . In my personal opinion an increase in offer of not more than 10 percent still make sense for Keppel. The new offer by Keppel will increase the takeover cost by approximately $320m which is around 9.5 percent higher than the initial offer of $2.099. Although the increase in offer is slight higher than what I would hope for but it does provide certainty that this takeover wouldn’t be an expensive long drawn process for Keppel shareholders. The latest offer wi

  Chen Cheng Mei Singapore 1927-2020 Trading Room circa 1974 Gift of anonymous donor  Collection of National Galllery Singapore  Market Summary 1-7 Nov 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  + Fed to start tapering the pace of its asset purchases later this mth; reduction of US$10bn less in Treasury and US$5bn less in mortgage-backed securities, from current US$120bn a mth buying + US House of Representatives passed US$1.2 trillion infrastructure bill, to vote on US$1.75 trillion social spending package before Nov 21  + US economy added 531,000 jobs in Oct, above forecast, unemployment rate fell to 4.6%  + US weekly jobless claims fell to fresh 19-mth low to seasonally adjusted 269,000  - US trade deficit jumped to record high in Sept as exports slumped, gap surged 11.2% to record US$80.9bn  - Biden to announce tougher regulations on methane emissions form oil and gas production  - Powell said he expects conditions pushing inflation to last into next year, patient on raising interest rates  -

I am always drawn to nice fried chicken. Who can resist a nice crispy fried chicken? My mum always advocate healthy eating but sometime she secretly buy fried chicken for herself.😁 Of course one could say I am way beyond my age to have fried chicken on a regular basis. The notion of before 40 years old you eat the food, after 40 years old the food eat me still hold truth to me but the odd treat occasionally doesn’t harm. My son and I will have a fried chicken day once a month. My family is on a lookout for nice fried chicken to try. Please send me any suggestion if you have any recommendation for nice fried chicken via the comment section. Thank you 🙏.  My son enjoy his fried chicken as much as I do. There are 2 particular stores which standout among all the fried chicken we ate. They are not your standard cookies cutter chain stores. In my opinion they tasted way better. Both are freshly made from fresh chicken and fried to perfection. Let the match up begins.  Arnold’s (City Plaza)

Liu Kang Singapore 1911-2004 Kampong Scene circa 1951  Gift of the Artist’s family  Collection of National Gallery Singapore  Market Summary 25-31 Oct 2021 🇺🇸 🇺🇸 🇺🇸 🇺🇸 🇺🇸  - US GDP grows 2% annualised pace in Q3, slowest in over 1 year on slowdown in consumer spending - US headline inflation rose at 4.4% annual in Sept, fastest since 1991, pushed by 25% up in energy costs, 4.1% gain in food  - US core inflation; Fed’s preferred gauge up 3.6% for the 12 mths, also fastest pace in 30 years  - US personal income declined 1% in Sept, more than expected 0.4% drop + US consumers slowed their spending to modest gain of 0.6% in Sept with high inflation  + US consumer sentiment rose slightly in late Oct but stayed at low levels over the mth: Uni of Michigan   - US employment costs rose more then expected at fastest annual pace in 19 years   - US mortgage rates rise to 8-mth high, refinance demand fell 2% week to week - US pending home sales fell 2.3% in Sept vs Aug, likely due to high

Lone Wolf Fund(LWF) Portfolio as at end of October   1.)  Keppel Corporation   2.) Cash Commentary   Today marked the 100th post of my blog. It had been a good self discovery journey since I started this blog in January. Some good books, food and stocks were found. I will like to encourage all to partake your own self discovery. There are plenty of beautiful things in our surrounding waiting to be discovered. Just take some time to smell the rose. It is worthy of every moment. Most markets including our STI did well in the month of Oct. The huge correction predicted by the market commentator turn out to be a wimp. The Straits times index was up close to 4 percent for the month of Oct. My portfolio had a quiet month in term of capital movement. As mention in my previous update I am unlikely to do much to my portfolio currently due to lack of opportunities that I am comfortable with in putting my capital to work. I continue to be steadfast with my holding in Keppel Corp. LWF was up 3 per