Whats your expected or target return for 2015? - Part 2

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NewInvestor

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Dow closed about 470 points down. Nearly 3% down. Broad sell off.

Oil is 8% down.

IMF has warned developing countries to brace themselves for China's slowdown. China's slowdown will directly or indirectly affect our local banks as well as other businesses. China is going to take some time to work out and through this slowdown.

STI will probably gap down today. Its recent closing low of 2843 was on 24 Aug. We may close below that today. Will we see the intra day low of 2808 which we saw on 25 Aug?

When to jiak? When?
 

Perisher

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Dow closed about 470 points down. Nearly 3% down. Broad sell off.

Oil is 8% down.

IMF has warned developing countries to brace themselves for China's slowdown. China's slowdown will directly or indirectly affect our local banks as well as other businesses. China is going to take some time to work out and through this slowdown.

STI will probably gap down today. Its recent closing low of 2843 was on 24 Aug. We may close below that today. Will we see the intra day low of 2808 which we saw on 25 Aug?

When to jiak? When?

When US and China stop going down. When would that happen?
 

Perisher

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I think have to wait until 2800, maybe even 2700. If it gaps down to close below 2843 today, that is a lower low. Then more lows may follow.

2800 seems pretty optimistic now. Would be happy if it can tahan at that level.
 

wanker88

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excited to see how low UOB and DBS fall today. Hoping to do some shopping!!
 
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Shortist haven even come in yet.
Dbs short sale value was at $99M on black Monday.
On 1 September,it's only $38M.
 

ValueInvestor

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First Singapore Savings Bond to pay average 2.63% if held to 10th year

By Benjamin Tan / theedgemarkets.com | September 2, 2015 : 7:01 AM MYT
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SINGAPORE (Sept 2): The first Singapore Savings Bond (SSB) will be issued on Oct 1, with those holding the bonds for the full 10 years earning an average interest rates per annum of 2.63%, according to the Monetary Authority of Singapore.

For those who redeem the bonds at an earlier date, the average return per year will range from 0.96% at the end of the first year to 2.53% at the end of year nine. Those who hold the bonds for five years will earn an average of 2.01% per annum.

Applications for the bonds will open from 6pm today till Sept 25 and MAS will announce the allotment results after 3pm on Sept 28. The bonds will be issued on the first business day of the following month.

MAS says $1.2 billion worth of SSB will be issued for the month of October. Up to $4 billion of savings bonds could be issued in 2015, depending on demand.

Application for the SSB should be in multiples of $500 with a minimum investment of $500. One can buy a maximum of $50,000 each issue, but one can only hold a maximum of $100,000 overall.

MAS says a new savings bond will be issued every month for at least the next five years.

Those who wish to buy the SSB will need to have an Individual Central Depository Securities (CDP) account with Direct Crediting Service activated. Investors who intend to open CDP accounts are advised to do so early, as the account opening process takes at least two weeks.

Application for the savings bond may be done at the ATMs of DBS and POSB, OCBC Bank or United Overseas Bank. In addition, DBS and POSB customers can also apply for the bonds online via internet banking. The CDP account number is needed at the point of application.

The SSB website is accessible at www.sgs.gov.sg/savingsbonds and members of the public can call the Savings Bonds hotline at 6221 3682 to find out more about the programme.
 

joshua182

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there were ALOT of bargain hunters at the open.. that accounts for the green opening.. now we shall wait for china to open.
 

wanker88

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All bank stocks green?!?! DOW drop so much, but SG markets go up?!?! WTH!!
 
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