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Thread: What would you do with sgd$6million ?

  1. #61
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    Hi,

    I have been reading some of the posts in this forum with great interest and learning new point of views each time.

    So based on the quotes below, does that mean that we are going to see lots of property investor/ specuvestors offloading their units on hand at a good price from end of the year?

    Quote Originally Posted by Reporter
    Yes, deja vu.
    Excluding the recent mass-market run-up, the whole market (local and regional alike) gives you a feeling that you are back in 2006, going into 2007.
    Originally Posted by Reporter, Soleil
    Err ... you may want to consider calling that agent after Christmas regarding your CCR/prime Soleil ... maybe next July, just like the old days back in July 2007?

    Quote:
    Originally Posted by blackjack21trader
    DO NOT SELL your property especially prime ones OR you shall regret by Christmas 2009.

    Quote:
    Originally Posted by blackjack21trader
    ".... 2 months to Christmas 2009 ... let's see if 2010 will be like 2007 bull run....

  2. #62
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    Quote Originally Posted by 5577
    Hi,

    I have been reading some of the posts in this forum with great interest and learning new point of views each time.

    So based on the quotes below, does that mean that we are going to see lots of property investor/ specuvestors offloading their units on hand at a good price from end of the year?
    Perhaps you have forgotten about that beautiful but quietly-cold Christmas back in 2006.

    Remember that cold turkey you shallowed?

    After that you just felt warmer and warmer by the day?

    ... and you reached clima.. in July 2007.


    No, you will see a lot of our cousins from above (i.e. the North) snatching the beloved toys on our hands from middle next year. Don't cry over that toy please!

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    Quote Originally Posted by Reporter
    Perhaps you have forgotten about that beautiful but quietly-cold Christmas back in 2006.

    Remember that cold turkey you shallowed?

    After that you just felt warmer and warmer by the day?

    ... and you reached clima.. in July 2007.


    No, you will see a lot of our cousins from above (i.e. the North) snatching the beloved toys on our hands from middle next year. Don't cry over that toy please!
    Keke... Reporter... frankly, i can't remember because I was young and naive enough back then to believe that I can earn my retirement through 8 hours of hard work.

    After growing 4 years older and a little wiser, and with a little more moolah on hand, I'm looking at properties as a mean to fund my way to retirement.

  4. #64
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    Quote Originally Posted by 5577
    Keke... Reporter... frankly, i can't remember because I was young and naive enough back then to believe that I can earn my retirement through 8 hours of hard work.

    After growing 4 years older and a little wiser, and with a little more moolah on hand, I'm looking at properties as a mean to fund my way to retirement.
    Err ... I think unless you are born with a silver spoon or inherited a big fortune, one has to work at least 14 hours a day to accumulate that ammunition to ...

    Once you have the ammunition, you can then ...

    So, it is OK to work hard.


    Anyway, I believe you have to wait till middle next year because the top dogs are just beginning their sniffing around. Don't chase them away please!

    Quote Originally Posted by The Business Times

    Luxury apartment sector feels the rush
    More deals clinched as sentiment improves, foreign buyers sniff around
    Kalpana Rashiwala
    The Business Times
    Thursday, 15 October 2009

    Luxury apartment deals picked up in the second and third quarters of this year as a more cheerful mood spread to the upper realms of the private residential market.

    The number of apartments priced above $4 million changing hands rose rapidly from just 15 deals in the first quarter of this year to 87 in Q2 and 210 in Q3.

    The total of 312 apartments in this price range sold in the first nine months of this year are 11% more than the 280 transacted for the whole of 2008, which was generally a quiet year for the Singapore residential market following the global financial crisis, notes CB Richard Ellis (CBRE). It analysed caveats information from URA’s Realis system up to Oct 12.

    During 2007 – the peak year for the luxury housing market – a total 1,740 apartments were sold at over $4 million each.

    CBRE studied caveats data for condo and apartment deals in the Core Central Region (CCR), which includes the prime districts 9, 10 and 11; the financial district; and the HarbourFront and Sentosa Cove locations. The transactions include both primary and secondary market transactions but exclude collective sales.

    Joseph Tan, the firm’s executive director (residential), says that some investors feel this is a good time to buy luxury apartments as they stand to net capital gains before the price surge sweeps this segment.

    ‘In addition, with the appreciation of foreign currencies against the Sing dollar in recent months, foreign investors could have found prices of luxury apartments here fairly attractive,’ he said.

    Looking ahead, he sees an increase in high-value transactions with upcoming new luxury projects such as Marina Bay Suites and Seven Palms Sentosa Cove as there will be investors interested in these projects. ‘Buying interest will be project-driven, based on the uniqueness of each project,’ Mr Tan added.

    Developers report a pick-up in sales of luxury apartments to both Singaporeans and foreigners.

    Wheelock Properties (Singapore) CEO David Lawrence says: ‘A lot of foreigners talk to us about buying quality property assets in Singapore. They include high-net-worth (HNW) Indians and Chinese who are thinking of becoming Singapore permanent residents and wish to move their families here.’

    Savills Singapore managing director Michael Ng also says the Republic has been a beneficiary of wealthy Asians from places like China, Malaysia and India coming out again to buy luxury properties with renewed confidence upon sensing that the worst is over in the overall global economy.

    ‘A lot of them see Singapore as a safe place to park their family and money,’ he added.

    The thinking in property circles is that foreign buying will strengthen further when Singapore’s two integrated resorts (IRs) open next year. And this should translate to stronger demand for luxury apartments.

    CBRE’s data showed that about 86% or 268 of the 312 units sold at above $4 million in the first nine months of 2009 were in the ‘above $4 million to $7 million range’.

    They included developer sales in projects like Volari at Balmoral Road, Residences@Killiney, One Devonshire, Latitude at Jalan Mutiara, Madison Residences in Bukit Timah, and The Orchard Residences. This segment saw the biggest recovery in transaction volume over full-year 2008.

    A total of 35 caveats were lodged for properties that cost between $7 million and $9 million in the first nine months of this year. The transactions, which were mostly in Q3, include The Hamilton Scotts and The Orchard Residences in the primary market (developer sales), and Ardmore Park, St Regis Residences and Scotts Highpark in the secondary market.

    There was a caveat lodged for a unit at Nassim Park Residences that cost nearly $13.3 million in July and two in August (at about $9.6 million and $9.8 million), based on URA Realis caveats data as at Oct 12.

    However, BT understands that since then, two more units were sold in the development in September, followed by a further two so far this month.

    The four units were sold at prices ranging from $9.6 million to $14 million, or from about $2,850 psf to $3,480 psf.

    BT understands there have been close to a dozen transactions at Nassim Park Residences since mid-year. However, buyers of some units have yet to lodge caveats.

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    Quote Originally Posted by Reporter
    Err ... I think unless you are born with a silver spoon or inherited a big fortune, one has to work at least 14 hours a day to accumulate that ammunition to ...

    Once you have the ammunition, you can then ...

    So, it is OK to work hard.


    Anyway, I believe you have to wait till middle next year because the top dogs are just beginning their sniffing around. Don't chase them away please!
    Barring any major disaster, as I had predicted the IRs would have an effect on private property prices.

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    Quote Originally Posted by Reporter
    Err ... I think unless you are born with a silver spoon or inherited a big fortune, one has to work at least 14 hours a day to accumulate that ammunition to ...

    Once you have the ammunition, you can then ...

    So, it is OK to work hard.


    Anyway, I believe you have to wait till middle next year because the top dogs are just beginning their sniffing around. Don't chase them away please!
    Haha... of cos, hard work is needed and I definitely dun hold a silver spoon... what I meant was working hard blindly and depending on monthly salary for retirement :P ...... well, I am still very far far far away from achieving what some of you have now in CCR...... But, there's always a place to start...

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    Quote Originally Posted by xebay11
    Freehold or not?
    clearly u have never ventured into HK market

    all new HK pties have a lease until 30 Jun 2047. (I give you 5 minutes to figure out why this exact date is used ok ? )

    btw Reporter u do know "Mid-Level" is a district right ? That's where the rich stay.... actually not the *real* super rich. Only those *rich* and want to show off type. Real HK tycoons stay in houses in exclusive areas just like SG tycoons.

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    Quote Originally Posted by amk
    clearly u have never ventured into HK market

    all new HK pties have a lease until 30 Jun 2047. (I give you 5 minutes to figure out why this exact date is used ok ? )

    btw Reporter u do know "Mid-Level" is a district right ? That's where the rich stay.... actually not the *real* super rich. Only those *rich* and want to show off type. Real HK tycoons stay in houses in exclusive areas just like SG tycoons.
    Yes. Mid-Level is a high-end district for rich locals and super-rich "cousins". Super-rich locals stay in high-end houses.

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    Quote Originally Posted by amk
    clearly u have never ventured into HK market
    all new HK pties have a lease until 30 Jun 2047. (I give you 5 minutes to figure out why this exact date is used ok ? )
    Yeah never ventured into HK market, lease till 30 Jun 2047 is it 50 years from 1997 handover date? My that is a very short lease for property, can they be renewed easily?

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    Quote Originally Posted by Reporter
    Congratulations!
    The value of your equities have just increased overnight.

    So you are about to switch to properties now?
    .. the value have been increasing since March..(but only able to cover my losses of 2008).
    Yes, I will implement my plan of paying downpayment for a condo everytime i get $400k profit. Should see $400k profit by end of year.. if this market keeps going like that.


    Actually, i've been thinking... why need to pay in full for properties since they allow loan?.. I can just set aside the cash in aud deposit to earn that 3%.. and let the renter pay for my installment rite.. and got tax deduction too

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    oH By the wya.. Andy Ong of ERC (a multi-millionaire) says he's not comfortable with the property market right now..
    http://www.andy-ong.com/2009/10/warn...able-with.html

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    Quote Originally Posted by focus
    .. the value have been increasing since March..(but only able to cover my losses of 2008).
    Yes, I will implement my plan of paying downpayment for a condo everytime i get $400k profit. Should see $400k profit by end of year.. if this market keeps going like that.


    Actually, i've been thinking... why need to pay in full for properties since they allow loan?.. I can just set aside the cash in aud deposit to earn that 3%.. and let the renter pay for my installment rite.. and got tax deduction too
    Fully agree. May as well use the cash to buy DBS's preference share which gives return of ~ 6% and use the proceed to pay your mortgage.

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    Because he missed the property boat?

    Quote Originally Posted by focus
    oH By the wya.. Andy Ong of ERC (a multi-millionaire) says he's not comfortable with the property market right now..
    http://www.andy-ong.com/2009/10/warn...able-with.html

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    Anyway, is this Mr Ong really rich (or famous) as mentioned?

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    Quote Originally Posted by focus
    Uh.. my money is too small to consider those HK units..
    I already think Singapore housing is too expensive... let alone HK.
    Yar, I know what you're saying.

    The 66th-storey HongKong condo sold at S$13,000 psf is really too ..........
    Worse! At $20,000 psf, who would buy that 88th-storey condo?

    No more S$20,000 psf and no more HongKong condo.
    Let's eat some Shanghainese hot cakes instead.


    Oops! Sorry!
    No cake for us!
    The 67 units were all snapped up in the morning.
    No S$20,000 psf this time. It's >S$20,000 psf!

    Quote Originally Posted by 上海中通电

    李嘉诚在沪开发 “四季雅苑”67栋别墅半天抢光
    上海中通电
    星期四, 15-10-2009

    入秋的上海楼市,在豪宅项目上尚无调整迹象,在多个豪宅售楼处,“售罄”或“尾盘”两个词语频频出现。

    据上海“上海证券网”报道,9月25日,由李嘉诚旗下企业开发的单价每平方公尺人民币(下同)10万元(2万新元以上 (more than S$20,000 psf) 的“四季雅苑”项目,67栋独立别墅开盘当天早上被抢购一空。这个毗邻8月刚刚创出上海豪宅销售纪录——星河湾项目的别墅群,以单价高出前者一倍的价格,推动了沉寂近一月的上海豪宅市场重新白热化

    四季雅苑项目每套别墅总价均为2000万元以上,以此计算,大约有13亿4000万元左右的购房资金沉淀其中,相当于一个一次推盘量高达3万平方米(此前市场上许多楼盘一次推盘量不过100至200套,总面积不超过2万平方米)、每平方米单价达4万元的高档住宅项目的销售额总和。高端住宅的吸金能力可见一斑。


    “四季雅苑”项目由67栋独立别墅组成。

    资深市场人士透露,此次四季雅苑项目的主要业主均为内地企业家,其中又以长三角民营企业家居多,预计占买家总量近七成。

    浦东甲级办公楼市场已经触底

    另外,据路透社报道,国际知名房地产服务及投资管理公司,仲量联行上海商业部董事李凌昨日表示,位于上海浦东中央商务区的甲级办公楼市场在今年三季度已经触底,预计明年一、二季度将现反弹;而浦西办公楼在未来一两个季度里仍可能继续下滑。

    他在报告中称,今年第三季度上海中央商务区甲级办公楼平均租金为6.1元/平方米/天,环比下降了3.6%,但降速已经放缓.因为入驻率的上升,部分浦东业主开始停止调降租金。

    上海和北京两大城市的办公楼租金自去年下半年以来一路下滑,空置率则持续增长,特别是在北京中央商务区和上海陆家嘴金融区,因许多跨国公司紧缩预算,以应对全球经济危机。

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    hmm reporter I think this time u got it wrong... in China ppl quote price in sqm, so I think it's more like 100,000 RMB per sqm , so >S$2000 psf. Not cheap by china standard still

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    Quote Originally Posted by amk
    hmm reporter I think this time u got it wrong... in China ppl quote price in sqm, so I think it's more like 100,000 RMB per sqm , so >S$2000 psf. Not cheap by china standard still
    Yes, you are right.
    It's my bad.

    I've mistaken 公尺 as 尺.
    The message can't be deleted. So it will stay here forever as a laughing stock.

    Pai sai!

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    Quote Originally Posted by Reporter
    The message can't be deleted. So it will stay here forever as a laughing stock.




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    Quote Originally Posted by Reporter
    Yes, you are right.
    It's my bad.

    I've mistaken 公尺 as 尺.
    The message can't be deleted. So it will stay here forever as a laughing stock.

    Pai sai!

    to Err is human


    to bring laughter is noble

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    Quote Originally Posted by cheerful
    Anyway, is this Mr Ong really rich (or famous) as mentioned?
    Dunno.. but he rubs shoulders with Douglas Foo, Ang dunno what of Temasek/GIC....

    maybe someone else can shed life on it.

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    Quote Originally Posted by Reporter
    Yes, you are right.
    It's my bad.

    I've mistaken 公尺 as 尺.
    The message can't be deleted. So it will stay here forever as a laughing stock.

    Pai sai!
    Don't worry ... since this message will stay here forever, one day it will no longer be a laughing stock.

    In fact, this day may not be too far away.

    If Hong Kong can sell for $13,000 psf, why can't Shanghai sell for $20,000 psf?

    Shanghai is the past and future financial capital of China, whereas Hong Kong is just the interim financial capital due to some unfortunate events in Chinese history.

    So one day not too distant in the future, people reading your post on this website may exclaim ... "What??!!! Shanghai $20,000 psf so cheap!!! Even Singapore that backwater city down south is selling for $100,000 psf!!!"




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    Quote Originally Posted by proud owner
    on one hand good to have rich people here

    on the other hand , mainlanders speak really loud .. i cannot tahan ... not sure if anyone share the same observations
    For our culture, loud is rude.
    But sing loudly with a sweet voice is different.
    This is "more than welcome" as said by President SR Nathan.

    OK OK, I seriously like her powerful voice and her singing.

    Quote Originally Posted by The New Paper

    Coco Lee - becoming a Singaporean?
    Tan KeeYun
    The New Paper
    Friday, 16 October 2009



    She loves Singapore so much that she is thinking of becoming a Singaporean.

    “I’m not kidding, I’m absolutely serious,” said a bubbly Coco Lee.

    “My sister is looking into the procedure of how to go about attaining (Singapore) citizenship.”

    The 34-year-old singer was born in Hong Kong but spent much of her childhood and youth in San Francisco.

    She holds American and Hong Kong citizenship.

    The curvaceous beauty was in town to promote her Mandarin album East To West, her first in three years.

    She was also the special guest performer at last Sunday night’s President Star Charity show.

    Looking sprightly and radiant as she spoke to the media at The Ritz-Carlton on Monday, she had nothing but praise for our “beautiful” city.
    “I love the greenery here. There are trees everywhere,” she said, flashing a wide smile.

    “The moment I arrived, I was hoping to try some durians, chicken rice or the food at the hawker centres.

    “My manager was so anxious about me eating at hawker centres, thinking it wouldn’t be ‘glamorous’ enough, but I really don’t mind. I love simple places!”

    According to Lianhe Wanbao, while backstage at the President Star Charity show, Coco went so far as to “personally express her interest” in becoming a Singapore citizen to President S R Nathan, who was the guest-of-honour that evening.

    President Nathan reportedly replied that she is “more than welcome” to do so.

    But was Coco just being over-friendly? It didn’t seem so – she was engrossed in the topic.

    "Jet Li and Gong Li are Singapore citizens, right?" she asked reporters. "I want to be one too."

    International gongfu star Jet Li, 46, became a Singapore citizen in July, while 42-year-old actress GongLi got her pink IC last November.

    However, when reporters quizzed Coco on whether her fiance knew about her intentions, she laughed and said:“He doesn’t know about it yet!”

    She joked that he will “most likely read about it on my Twitter page”.

    Coco has been engaged to Canadian businessman Bruce Philip Rockowitz, 50, since 2005.

    He adores Singapore too, she said.

    “Although this is my first work trip to Singapore in six years, both of us have visited Singapore over the last few years,on holiday.

    “The only thing he doesn’t share my love for is durian!”

    With her light golden-brown tan, Coco oozed *** appeal.

    Not surprisingly, she made the list of the World’s 25 ***iest Pop Divas by TV channel E! Entertainment in February.

    She was the only Asian on the list, coming in 15th, beating Jennifer Lopez and Kylie Minogue.

    Alicia Keys, Rihanna and Leona Lewis took the top three positions respectively.

    The rankings were determined by the E! Entertainment producers.

    Surprise

    Coco’s inclusion came as a surprise, considering that she has released only one English album in the US.

    While she is a household name in HongKong and Taiwan, with nearly 20 studio albums in a 15-year career, her fan base remains relatively niche in the US.

    She managed to cross over to the US with her English single Do You Want My Love in 2000. It ended up being a moderate hit, peaking at No 49 on the Billboard Hot DanceClub Play charts.

    Three other singles – Before I Fall In Love, Wherever You Go and Can’t Get Over – followed from Just No Other Way, her only album to be released in the US, in 2000.

    Coco also sang A Love Before Time, the theme song to director Ang Lee’s award-winning Crouching Tiger, Hidden Dragon.

    It was nominated for Best Songat the 2001 Oscars.

    “My friends were the ones who told me about the ***y list,” she said, flashing a wide smile. “I didn’t knowI had made the top 25 till (then).

    “E! Entertainment is a huge network in the US andI’m very happy that I was chosen.”

    So which part of her body does she consider ***iest?

    “My fans would probably say it’s my smile, where as my fiance thinks it’s my curves, especially the areas near my waist and back,” she told The New Paper, in a separate interview after her press conference.

    East To West “defines her life”, said Coco, who is now based in HongKong.

    “My whole world revolves around a combination of cultures, from both the East and West,” she said.

    “In a way, it has given me an advantage in the music industry, especially when it comes to artistic ideas for myattire and make-up.

    “Due to my upbringing in the West, I’m more open to trying innovative and daring styles.”

    For example, she adores the new image she sports in her album photos, one that sees her wearing a gleaming, shimmering gold-plated blouse. She pointed out that some Asian designers didn’t take well to that outfit initially.

    The customised costume cost the equivalent of $13,000and two weeks to make.

    “Admittedly, the outfit’s design draws attention to the breasts,” said Coco with a grin. “But I really like it a lot.”

    She added that the gold outfit differs greatly from her previous styles.

    “It’s not sweet and girlish, but very cool and masculine,” she said. “I get a feeling of female empowerment when I wear it.”

    A pity that the public would not be able to see this favourite attire of hers during live performances, or at any of her promotional events.

    “I would love to wear it to meet my fans, but I can’t,” she said with a sigh.

    “The blouse is constructed in such a way that the designs appear to ‘move upwards as my body moves.

    “Then, I will appear to have four breasts!” If there is someone who loves the costume as much as she does, it’ll have to be Mr Rockowitz. The couple manage to maintain a close, loving relationship despite their busy schedules.

    “Every day, he is the first person I talk to on the phone in the morning, and the last person I talk to at night,” said Coco.“Also, we text each other very often. “You should ask anyone who works with me, I’m the undisputed text queen.”

    Coco said they were both home loving types who would prefer to “stay at home and watch DVDs”, rather than do the party circuit. “We’re huge fans of TV dramas, like Criminal Minds and Mad Men.”

    The 16-year age difference was never an issue for them, she said.
    On the contrary, she feels Mr Rockowitz is a “wonderful listener and communicator”, traits which come only “with age and experience”.

    “We have never once fought,” said Coco. “Whenever we disagree on something, we will face it rationally and try to ... solve the problem.”

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    Quote Originally Posted by august
    not just loud, is f-loud ... buay tahan
    Err ... but ... some are quite sweet and pretty one leh!
    Like the beautiful Gong Li?
    Can tahan?

    Quote Originally Posted by Diva

    Chinese actress Vicky Zhao Wei to marry a Singaporean businessman
    Diva
    Wednesday, 23 September 2009


    Vicky Zhao Wei is said to be marrying a Singaporean businessman, known as Marco, at the end of the year. The Shin Min Daily News quoted Hong Kong reports that it was singer Faye Wong who brought the couple together, when she introduced the pair to each other at a night club in Beijing.

    The two are said to have dated for two years. During that time, Marco has already proposed to Vicky twice. The couple have remained low-key about their relationship as Marco is not industry insider. He is said to be a businessman who is about Vicky's age, and owns two top night clubs in Singapore. The pair hit it off very well after being introduced by Faye, and passion quickly sparked between the two.

    The couple's families approve of the relationship and they will be married in a low-profile ceremony at a secret location in Singapore later this year.

    Marco's first proposal received a refusal from the actress, as she had work commitments. However, she said yes to him when he asked her again in a second proposal which took place two months ago.

    However, Vicky's spokesperson Chen Rong has denied that the marriage will take place, and also denied any knowledge of Marco. When Hong Kong reporters asked if Faye Wong was the matchmaker for the couple, the spokesperson said: "These are personal matters, let's not discuss it. It's not important who introduced the couple to each other."

    But at a promotional activity held at the beginning of the month for her movie "Hua Mulan", Vicky admitted that she already had someone in mind as a marriage partner when she was asked about it by a reporter, although she declined to elaborate on further details.

    Before Vicky met Marco, Apple Daily reported that the actress was spotted holding hands with musician Li Quan, 37, at the opening of fashion store H&M in Shanghai in 2007. Up to two months before the photo was captured, it was still known to the media that she was dating Chinese table-tennis star Wang Liqin.

  24. #84
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    Quote Originally Posted by nav14
    That is provided it is easy to make money in equities. My 25 yrs experience has proven stock investments to be one big merry go round. Lose , win, lose, win and in the end back to square one. All excitement but no profit at the end of it. By the time property prices come down to a level attractive to you, you might be stuck with depressed equities. When stock values recover, property values would have shot up as well. The ideal is perfect exit and entry into such investments but this hardly happens and ideals will remain ideals.
    Err ... Miss Tan seems to think otherwise ... she is in the equities market lately ...

    She wrote about property investment back in 2007. Will she write again next year?

    Quote Originally Posted by The Straits Times

    Why can't I make big bucks from stocks?
    Sumiko Tan
    The Straits Times
    Tuesday, 20 October 2009



    I've been dipping into the stock market of late in a bid to 'grow' my money.

    My company had docked our monthly salaries in April this year as part of cost-saving measures. We're also bracing ourselves for much lower bonuses when our salary letters are handed out in January. (I know, I know, we should be so lucky if we're even getting a bonus.)

    All this means that my colleagues and I have been down by quite a sum compared to previous years.

    And with banks offering such pitiful interest rates for fixed deposits - hitherto my main vehicle for parking my money - how to bolster our income has become a hot water-cooler topic.

    My answer has been to make forays into the stock market.

    Thing is, I've realised that I'm not cut out to make big bucks from the market either. I lack timing, luck, guts, patience and the diligence to do research on the stocks I want to buy. Worse, I never knew till now what a greedy person I am.

    If I had been prepared to let go of some stocks instead of sitting on them because I wanted them to rise by another one or two cents - which they never did, of course, plunging instead - I would be smiling at a pretty pile of profits.

    Instead, I've made just a few hundred dollars here and there.

    My profits are peanuts compared to those of friends who have the uncanny ability of sniffing out stocks that are on the verge of shooting up, and letting them go just before they tumble.

    I've a friend who bought a slew of bank stocks late last year when everyone else was panicking about the financial meltdown.

    Imagine, he got DBS stocks at the basement bargain price of $8 plus. He kept some lots and they're worth more than $13 today. Others he sold at a profit, then used the money to buy the stock again, and sold those after he chalked up even more profits.

    Everything he touches seems to turn to gold, whether it's blue chips or penny stocks. He bought Capitaland for less than $2 and the stock went over $4 last week. He's also made a tidy sum on Golden Agri-Resources.
    He had never even really gone into the stock market prior to this. He started investing when friends said a recession was a good time to pick up bargains, especially blue chips - sort of shopping at a Club 21 sale, I suppose, only the stuff you buy isn't last season's.

    It didn't hurt that his fengshui master said that 2009 was going to be a year he would make money, and that he has.

    The main problem with stock novices like me is that we're lazy.

    Instead of studying the companies we're keen on buying - who runs it, what sort of industry it is in, its financial history and prospects - we jump in blindly and speculate based on gut feel, rumours and 'tips'.

    I spend more time contemplating the pros and cons of buying a dress - is it too expensive, would it make me look fat, do I have shoes to go with it, where can I wear it to - than a stock I'm prepared to throw thousands of dollars at.

    Worse, I get sentimental about certain shares and won't let them go even when the price is good. As someone told me, if you love the share so much, you can always buy it again later. Just take your profits first.

    Then there's the matter of patience. I want prices to rise and I want them to rise now. When they don't, I get discouraged and dump the shares. But the minute I sell, the price will rise. Why does this always happen to me? Is there a name for such a phenomenon (other than lousy luck and bad timing)?

    My worst vice, though, is greed. A colleague whom I consult about shares told me something that shocked me last week: 'Wah, you're very different from when you first started. Then, you just let go every time you made a small profit.'

    Which I realised to my horror is true. Just a few months back, I was a happy camper if I got a 5% return (way better than what the banks are giving). I am so much more difficult to please these days.

    I really should heed the advice of experienced investors: Either buy good stocks and keep them for the long term, or quickly exit the market whenever you've made some money; you can always go back in again.

    The first time I played the stock market was back in the 1990s when every Tom, Dick and the neighbourhood auntie was into it.

    My craze lasted a few months and I probably broke even. But there were some dud buys. I still have a reminder of that period in my Central Depository account - 10,000 Goldtron shares bought at a price I don't remember and which are now worth one cent each, or a grand total of $100.

    In the years that followed, I paid little attention to the market. I exercised a few of my company's stock options and bought and sold the occasional shares, but that was about it.

    My money was parked in fixed deposits, a life insurance asset guaranteed plan and my POSB savings account.

    When I went through a session with a financial adviser in 2007, I told her that I was banking on a 3 to 4% fixed deposit interest rate to see me through my retirement. It was a modest return but a steady enough one, I thought.

    Then the financial hurricane hit last year and left us all bruised and breathless in its wake.

    Everything tumbled - interest rates, value of stocks, value of savings and job security. A lot of people lost a lot of money. The days of 3% interest rates for fixed deposits are also gone, maybe forever, at least in my lifetime.

    And now, barely a year later, we are told that the recession is over and sunny days are back.

    Stock markets are up and people are buying property like there's no tomorrow. How do you account for that? There must be plenty of money floating around. But are the good old days really here? Why am I still feeling the pinch then?

    Events of the past year have brought some lessons and changed some habits.

    I've become more wary of staff from banks and insurance companies and am suspicious of their sales pitch. I will also read the fine print in any contract I sign now.

    I've also been trying to rein in needless, extravagant purchases although my resolve to be prudent is slipping by the day.

    At one stage, I had banned myself from using my credit cards. I thought using only cold hard cash would make me think twice about buying something I want but don't need. The experiment lasted just two months.

    The biggest lesson has been how I must think of ways to grow my money instead of letting it sit in a savings account.

    Maybe the stock market is not the safest and best way to achieve this. In fact, many people have lost their shirts through bad calls. But I'm not carried away by the market, I don't have a large sum invested, I err on the side of caution and I've yet to realise any losses.

    I have colleagues who swear that property, not stocks, is the better way to go. You can't go wrong, they say, whether it's buying an HDB flat to rent out later, an apartment next to an MRT station or even a piece of commercial property in a bustling part of the island. You can make hundreds of thousands, they say.

    But going into property seems such a hassle and taking a large loan to fund an investment is too high a risk for me.

    What I've also learnt over the past year is to never compare your financial lot with that of others.

    There will always be those who will earn more money than you - whether at work, in the stock market or through property - and there will always be those who will earn far less.

    The challenge is to stay happy and satisfied with what you have, even if all you made was two hundred dollars from a stock while your friend made two thousand.

    Drats.

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    Quote Originally Posted by focus
    Hypothetical question :-
    What would you do with SGD$6million for investment purpose and how would you structure the portfolio?

    Thanks!
    Simple:

    1. 3 mils to get shop/house, rent them out. Must study location/traffic volume/future devevelopment, etc
    2. 1 mil in stock market, anyway, experience tells it is quite stressful. Simple rule aim those counters with constant high dividend payout.
    3. 1 mil in foreign currency, either NZD or AUD, wait for interest and capital gain.
    4. 1 mil standby for contingency, expect for those unexpected.

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    Quote Originally Posted by bepgof
    Simple:

    1. 3 mils to get shop/house, rent them out. Must study location/traffic volume/future devevelopment, etc
    2. 1 mil in stock market, anyway, experience tells it is quite stressful. Simple rule aim those counters with constant high dividend payout.
    3. 1 mil in foreign currency, either NZD or AUD, wait for interest and capital gain.
    4. 1 mil standby for contingency, expect for those unexpected.
    Quite close to what I have in mind... of ;-
    1) 3 mil in dividend paying Stocks
    2) 1 mil in Bonds
    3) 1 mil in AUD
    4) 1 mil for downpayment of properties and loan the rest
    5) Everytime, stocks generate $400k excess profit, take out to pay down the house loan or buy another property

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    Quote Originally Posted by focus
    Quite close to what I have in mind... of ;-
    1) 3 mil in dividend paying Stocks
    2) 1 mil in Bonds
    3) 1 mil in AUD
    4) 1 mil for downpayment of properties and loan the rest
    5) Everytime, stocks generate $400k excess profit, take out to pay down the house loan or buy another property
    hey focus,

    what dividend paying stocks are u looking at??? can share?

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    Quote Originally Posted by new2mondrian
    hey focus,

    what dividend paying stocks are u looking at??? can share?
    I bought mainly bluechips & midcap when they were having dividends of >5%. the standard names like UOB, DBS, Venture, SATSvcs, Starhub etc etc

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    SPH ... ...

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    Quote Originally Posted by focus
    I bought mainly bluechips & midcap when they were having dividends of >5%. the standard names like UOB, DBS, Venture, SATSvcs, Starhub etc etc
    haha... similar to my strategy. I used to like Citysprings and FSL... but these days have gotten more conservative and look for SPH, SP Ausnet, Starhub (which tanked after the EPL saga), UOB, DBS and ST Engrg.

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