*Official* General Market Chit Chat Thread - Part 3

[OngHuatHuat]

Hope next week no bad news come out.

Yeah
I got a feeling once sti crosses 3000 there will be more people feeling confident and start buying

 

[starfish.starfish]

U all think they will help the property segment in the budget?
Is it time to buy property stocks?
Maybe also manufacturing stocks.

 

[OngHuatHuat]

This post got a lot of learning points for traders:

[GLGT] Manager who earns about $9k a month still looking for work 6 months after losing job
http://forums.hardwarezone.com.sg/showpost.php?p=100332065

 

[OngHuatHuat]

That particular post.
If she started a thread on her own, it will be a bomb in money mind.

 

[starfish.starfish]

That particular post.
If she started a thread on her own, it will be a bomb in money mind.

Some things can believe, some cannot.

 

[OngHuatHuat]

You read the post, it seems very real.
And there are some parts she seems angry and sad too.

Some things can believe, some cannot.

 

[Sinkie]

This post got a lot of learning points for traders:

[GLGT] Manager who earns about $9k a month still looking for work 6 months after losing job
http://forums.hardwarezone.com.sg/showpost.php?p=100332065

Don't understand abt her using her Cpf to play Cfd?

 

[OngHuatHuat]

She used cpf to buy shares, then used the shares as collateral to trade using Cfd.

Don't understand abt her using her Cpf to play Cfd?

 

[OngHuatHuat]

Those who say cpf not your own money, see how people used cpf to leverage. Power Sia.

 

[Sinkie]

She used cpf to buy shares, then used the shares as collateral to trade using Cfd.

I don't think this is possible lehh.. Can I take my Cpf shares to borrow money??

 

[OngHuatHuat]

I just wonder cna I used my cpf special to buy unit trust then used the unit trust as collateral to borrow money?
Anyone care to share?

 

[OngHuatHuat]

Cpf shares stored under cdp?
Maybe she just show her statement then people give her that amount of margin without pledging?

I don't think this is possible lehh.. Can I take my Cpf shares to borrow money??

 

[starfish.starfish]

You read the post, it seems very real.
And there are some parts she seems angry and sad too.

She rather be declared a bankrupt rather than downgrading to a smaller hdb? She doesn't rent out her rooms?
Still got mood to count the number of $50 notes she has and cannot buy toto?

Sorry all these don't sound like a desperate person to me.

 

[OngHuatHuat]

I think Coz she made use of the loophole.
Hdb flat and cpf money cannot be touched.
If she rent out, then the money she received need to pay the debtors? And it is not that much compared to the money she owed.

She rather be declared a bankrupt rather than downgrading to a smaller hdb? She doesn't rent out her rooms?
Still got mood to count the number of $50 notes she has and cannot buy toto?

Sorry all these don't sound like a desperate person to me.

 

[starfish.starfish]

I think Coz she made use of the loophole.
Hdb flat and cpf money cannot be touched.
If she rent out, then the money she received need to pay the debtors? And it is not that much compared to the money she owed.

Hmm I dunno what I can learn from that thread, kindly enlighten

 

[Sinkie]

Cpf shares stored under cdp?
Maybe she just show her statement then people give her that amount of margin without pledging?

Can't, firstly, cpf shares are kept in cpfis account in your bank lehh and not Cdp. Secondly nobody will give u loan by showing statement also one. Abit too csb liaooo base on this.

Unless she mean her parent uplorry, and her parent cpfis stocks are then transfer into her Cdp. then these shares are transfer into stock financing account for cash loan? Then these cash of $50,000 is loaded into a Cfd to get $500,000 limit

 

[OngHuatHuat]

I try ask her now.

Can't, firstly, cpf shares are kept in cpfis account in your bank lehh and not Cdp. Secondly nobody will give u loan by showing statement also one. Abit too csb liaooo base on this.

Unless she mean her parent uplorry, and her parent cpfis stocks are then transfer into her Cdp. then these shares are transfer into stock financing account for cash loan? Then these cash of $50,000 is loaded into a Cfd to get $500,000 limit

 

[OngHuatHuat]

One of the reasons why I put money into my cpf special is because they cannot touch it at all even if I declare bankruptcy.

Hmm I dunno what I can learn from that thread, kindly enlighten

 

[OngHuatHuat]

Negative points.
Coz I see a lot of traders in this thread talk like got dragon got Phoenix.

She is not someone to learn from

 

[starfish.starfish]

Negative points.
Coz I see a lot of traders in this thread talk like got dragon got Phoenix.

Who are traders in this thread?