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wongminmin

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seems like almost every 100 yrs big events ish will repeat itself...
spanish flu... covid...
great depression... economic crisis nao...
ww3 soon??
@wongminmin @Spike @RandomPancake
:s12::frown:
powell said based on data, recession is not nearby, but everyone keep talking about recession tho.
u know is like edmwers talk about recession, but no recession ocur.
 

Spike

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powell said based on data, recession is not nearby, but everyone keep talking about recession tho.
u know is like edmwers talk about recession, but no recession ocur.

Public sentiment matters. If everyone feels that economy is not good, consumer and capital spending will go down. Once that happens, this gradually becomes a self fulfilling prophecy as businesses, and consumers rein in spending further. Retail spending is already down, and will be hit by tariffs.

Anyway this is nothing new. If you had taken a business course in university, this phenomenon would have been explained in economics.. :o

https://www.straitstimes.com/busine...fall-3-6-in-february-partly-due-to-cny-timing
 

wongminmin

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Public sentiment matters. If everyone feels that economy is not good, consumer and capital spending will go down. Once that happens, this gradually becomes a self fulfilling prophecy as businesses, and consumers rein in spending further. Retail spending is already down, and will be hit by tariffs.

Anyway this is nothing new. If you had taken a business course in university, this phenomenon would have been explained in economics.. :o

https://www.straitstimes.com/busine...fall-3-6-in-february-partly-due-to-cny-timing
nope, not for trading. u dun trade with emotional or based on others sentiment/thinking
this is why only 5~10% traders make money via trading.

if economy is indeed not doing well, the data will reflect itself.
The world is saying recession etc.... but if u look at US data, people are hiring, people are spending more, wages are going up. What could this mean?

example
When edmwers said recession, the market rebounded.
When people are expecting high unemployment, but the data show lower unemployment rates.

well i dunnoe about business or economy or simi macroeconomic theory etc.
But the trading community always been debating this..... can economist become real trading gurus themselves? since they are so well versatile.
senators are trading guru tho. :censored:
 

wongminmin

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FireIce is at least my age..
this 1 source from china about $200, she rebrand it and sell to kumgong sinkies for $829 sia!
$600 x 21 = $12600!! :eek::eek::eek:
QLSIoXB.png
 

Spike

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this 1 source from china about $200, she rebrand it and sell to kumgong sinkies for $829 sia!
$600 x 21 = $12600!! :eek::eek::eek:
QLSIoXB.png
Dude.. if u had ever ran your own business before, you would understand that there is a clear difference between starting a business to earn extra income, and running a business because your livelihood depends on its prosperity.

$12600 is a good side income but you are not going to huat or earn enough to cover your daily expenses or running costs.
 

wongminmin

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maybe still gotch shipping fee from tiongland and also to the buyer... :frown:
delivery to buyer few dollars. if ship on her website, she charge buyer $30.

if she order moq.... can get wholesaler price. the screen is FHD....could be even cheaper.
prism+ selling similar at $1400

sinkies really easy $$$ sia. :(
 

Spike

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delivery to buyer few dollars. if ship on her website, she charge buyer $30.

if she order moq.... can get wholesaler price. the screen is FHD....could be even cheaper.
prism+ selling similar at $1400

sinkies really easy $$$ sia. :(
Drop shipping or OEM is probably a lot tougher than you had imagined.

You just have to try once, and you will understand the problem other sellers are facing.
 

wongminmin

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Drop shipping or OEM is probably a lot tougher than you had imagined.

You just have to try once, and you will understand the problem other sellers are facing.
actually not hard, just need downstream (buyers/resellers) :censored:

i intro her history to u.....
she do live stream selling for other products.
then she get her own products from china and rebrand.

she started with cheap OEM earbuds , then speaker, then projector ,then laptop then tv etc. Her OEM products pricing are unbelievable expensive until i want to laugh.

actually what i trying to say is sinkies= easy $. :(
 

Travis_Touchdown

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actually not hard, just need downstream (buyers/resellers) :censored:

i intro her history to u.....
she do live stream selling for other products.
then she get her own products from china and rebrand.

she started with cheap OEM earbuds , then speaker, then projector ,then laptop then tv etc. Her OEM products pricing are unbelievable expensive until i want to laugh.

actually what i trying to say is sinkies= easy $. :(

moi must make it jinz difficult for them... moi won't buy such no brand tv... must buy reputed de... then moi ish will compare multiple stores for the cheapest price then use new-to-bank cc to buy to get cashback... :s12::frown:
 

Spike

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actually not hard, just need downstream (buyers) :censored:

i intro her history to u.....
she do live stream selling for other products.
then she get her own products from china and rebrand.

she started with cheap OEM earbuds , then speaker, then projector , then tv etc. Her OEM products pricing are unbelievable expensive until i want to laugh.

actually what i trying to say is sinkies= easy $. :(
Everything is not hard until u start to do.. In any line of sales, finding qualified buyers are the toughest.

If that's easy to replicate, someone would have done it already.

For example, everyone says that a car dealer make exorbitant profits. Then why this fellow close shop?

https://www.straitstimes.com/singapore/transport/alfa-romeo-and-jeep-dealership-to-close-by-june

What I'm trying to say here is that only the top 20% makes any real money..
 

Spike

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moi must make it jinz difficult for them... moi won't buy such no brand tv... must buy reputed de... then moi ish will compare multiple stores for the cheapest price then use new-to-bank cc to buy to get cashback... :s12::frown:
No wonder crimson is your best friend. Behaves the same in this aspect! πŸ˜‚

I also prefer respectable brands. Pay a bit more for peace of mind (warranty, and reliability) :o
 

Travis_Touchdown

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No wonder crimson is your best friend. Behaves the same in this aspect! πŸ˜‚

I also prefer respectable brands. Pay a bit more for peace of mind (warranty, and reliability) :o

nonono chiu ish his bestest of the best fwen... chiu ish ranked lumbar 1 riaoz... then @wongminmin ish fighting for lumbar 1 wib chiu... :s12::frown:
 

wongminmin

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moi must make it jinz difficult for them... moi won't buy such no brand tv... must buy reputed de... then moi ish will compare multiple stores for the cheapest price then use new-to-bank cc to buy to get cashback... :s12::frown:
erm thinking to buy fridge from taobao... $100+ with shipping fees. :LOL: local cheapest $300+ with cdc voucher.
 
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