*Official* MasterLeong Thread

[shareholder]

generally if I feel that market dropped a lot and valuations are too cheap like when we were 2500 to 2800, I had like 0-10% cash only... mostly vested


now at close to 3000 level, I prefer to be on 10% cash as a balanced approach

if STI heads to 2700 level, I go 0% cash and vest in the 10%

if STI heads to 3300 level, I hide into 20% cash as I take some profits off the table

my objective is to seek a balance while keeping my majority of funds vested for passive income

Good to hold some crisis cash in case sg goes down, then can go overseas and start over.

 

[HerbalTeaSeller]

those that are keeping 100% in cash and trying to time the bottom are often to fail

cold hard truths

Impossible to time the bottom, but IMO one is able to sense the phases of a bull market.

 

[MasterLeong]

How much cash will really depend on your life goals and your immediate needs. Do not invest if you need cash for your coming big ticket items like schools fees, wedding, family building etc

Have seen people liquidating during the down turn and suffer losses, big ones. The idea of investing is to make money not lose them.

I personally have cash to tide me over 3 years of expenses. Call me kiasu kiasi but that is me and I have a family to feed

yup very well said~

 

[MasterLeong]

Good to hold some crisis cash in case sg goes down, then can go overseas and start over.

hahahaha i not so negative on SG ba

I think 10-30 years down SG will still be better than msia for sure

SG will still be a decent country to live in



Asia is still growing rapidly and I am confident in the asia growth story

 

[MasterLeong]

Impossible to time the bottom, but IMO one is able to sense the phases of a bull market.

so what phase are we in now? hahahahaha

 

[HerbalTeaSeller]

so what phase are we in now? hahahahaha

we are soon ending the accumulation phase (phase 1) and now the beginning of phase 2 whereby there is an steady advance & increasing activity with improving business condition.

Last time seeing you shouting buy, is already starting of phase 1 whereby far sighted investors accumulate near historic lows with all those bad news.

but i might be wrong lah, but what i said is from the best of my knowledge.

 

[Carnesir]

How much cash will really depend on your life goals and your immediate needs. Do not invest if you need cash for your coming big ticket items like schools fees, wedding, family building etc

Have seen people liquidating during the down turn and suffer losses, big ones. The idea of investing is to make money not lose them.

I personally have cash to tide me over 3 years of expenses. Call me kiasu kiasi but that is me and I have a family to feed

true that. thats why i have 3 pots of cash for different needs.

1st pot is for my immediate committments. i take in accounting provisions for big ticket items like wedding, car, kids, MBA, long holidays and the likes. once i have identified a want or need, i set provisions and put equal sum in it with my salary. cashflow is impt here, as cannot put too much into this pot too fast or too slow otherwise the funds will be under/overutilised.

2nd pot is for emergencies. these are 6 mths of living expenses for myself and if this pot is full, it flows to pot 3. if this pot is full my life is usually happy =)

3rd pot is for my investments. this comes from excess savings, dividends, bonus from salary, interest from bank deposits etc. i do DCA and pump to stock market on a bi annual basis. i throw emotions out of the window when i do this usually; devoid of market noise and concerns. my 3rd pot is elastic; it can ride market turbulence irregardless of how the market is moving, and i do not exit positions unless the fundamentals change.


my golden rule is that the 3 pots do not interlink and take funds from one another. i am lucky to have a stable job to balance the cashflow and do budget and projections throughout the year.

 

[akwl88]

mkt waiting for yellen jie jie

 

[[M]aiev]

I see her, my c0ck stand even harder

 

[MasterLeong]

TOP STORIES
Strategy
Here are the 2 biggest external risks to Singapore for 2017
By Gwyneth Yeo / theedgemarkets.com.sg | December 13, 2016 : 1:32 PM MYT
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SINGAPORE (Dec 13): Maybank Kim Eng foresees a tough year ahead for Singapore amid weak global growth and challenges buffeting its key financial services, property and energy-related sectors.

In a Tuesday report, Maybank analyst Neel Sinha has forecast a 1.8% gross domestic product growth for 2017, which is on the lower end of the 1% to 3% range forecast by the Ministry of Trade and Industry.

As it stands, retail sales have been hit by poor consumer sentiment and a slowdown in tourism growth. Fortunately, domestic liquidity remains healthy and unemployment is also low.

Short-term borrowing rates reflected by the three month Singapore Interbank Offer Rate (SIBOR) are also expected to increase by between 0.2 and 0.25 percentage points in 2017, recovering from the low rates during the global financial crisis.

Still, the city state faces two significant external risks in the coming year.

Market liquidity is expected to be affected by the growing capital controls among its neighbours. Neeha notes that regional central banks have been restricting capital flight, which would impact Singapore’s housing sales to foreigners, tourism and other direct investment.

The recent incident where Singapore’s military vehicles were impounded by Hong Kong while enroute from Taiwan, has provoked a “strong reaction” from China’s Foreign Ministry opposing “any form of official exchange or cooperation with Taiwan”. Singapore has since been under pressure to adhere to “Beijing’s ‘One China’ principle”.

“Singapore has historically maintained a neutral balancing act between trade blocs often at odds with each other,” explains Neeha. “With recent moves by other ASEAN countries trying to strengthen China ties in the face of a protectionist US, Singapore likely faces the tricky prospect of needing to re-evaluate its relationship along ‘One China’ lines, or possibly risk not making the most of regional growth opportunity.”

Neeha added that China has been one of the largest sources of foreign direct investment in the region and one of the largest export destinations for Singapore.

As such, Maybank Kim Eng is opting for capital preservation over growth, and secular growth drivers over cyclical industrial ones.

For sector-driven portfolios, Neeha recommends overweighting REITs and Healthcare, underweighting Financials, Consumer & Gaming and maintaining a neutral stance on Property Developers, TMT (tech, media, telco), Industrials and Commodities.

Its top “buy” picks are CapitaLand Commercial Trust, Keppel REIT, Venture Corp, Raffles Medical Group, United Overseas Land, Bumitama Agri, Jumbo Group, and Ezion.

The brokerage also noted that ST Engineering and DBS are best leveraged to USD strength.

 

[Tooi Kono Machi De]

Just joined the MCT boat...Small small

Saving some ammo for tml.

 

[MasterLeong]

Just joined the MCT boat...Small small

Saving some ammo for tml.

welcome on board

huat ah

yeah wait for tonight and tmr night see what the feds decide to do ba

 

[MasterLeong]

https://www.bloomberg.com/news/arti...y-have-wrong-asian-currency-in-his-crosshairs

 

[akwl88]

MCT 1.4 coming!

Huat ah!

 

[MasterLeong]

http://fortune.com/2016/12/12/fed-meeting-interest-rates/

The Federal Reserve’s move on interest rates may end up being more like a run, than a hike.

The U.S. central bank meets this week. But the real question is not whether they will up the short-term interest rate they control—everyone expects they will, a quarter of a point to 0.5%—but when Janet Yellen & Co. will raise rates again. The answer could be sooner than the market thinks, and that could be a problem.

According to data from Bloomberg, after this week’s expected rate hike, futures traders don’t see another until May. But even then, they put the probability of the third rate hike since the financial crisis—the first was in December 2015—at only 46%. How about two rate hikes in 2017? The market is saying there is only a 34% chance of that.


The last time that the Fed updated its economic projections, it expected the Fed Funds rate to be around 1.1% by the end of 2017, implying that U.S. central bankers would at most raise rates two times next year.

The big question for financial markets, and for anyone planning to take out a home loan in the near future, is whether the Fed shifts those projections higher.

Andrew Sheets, chief global cross-asset strategist with Morgan Stanley, reckons that markets are under-estimating the pace of further policy tightening, possibly because people expect year-end optimism about the economy to fizzle as badly as it did after the Fed’s last hike a year ago.

But, he says (with fingers firmly crossed), “this time is different.” Industry surveys are looking a lot perkier, new jobless claims are lower and, perhaps most importantly, inflation expectations are rising. Real, bond yields, i.e. adjusted for expected inflation, are now actually lower than they were a year ago, Sheets said in a research note Sunday. That phenomenon is unlikely to last.


Sheets reckons the Fed will actually raise rates six times between now and the end of 2018. By that logic, he says, the dollar is also likely to tend stronger for the foreseeable future.

Bond markets appear to have taken such messages on board in the last couple of weeks. Yields on benchmark 10- and 30-year Treasury bonds have risen by more than half a percentage point since Donald Trump’s election victory, leaving bond investors nursing heavy losses (bond prices and yields move in opposite directions).

Bond markets opened Monday again with a heavy thud, as a surge in oil prices reinforced expectations of higher inflation. The 10-year yield surged to hit 2.5% for the first time in over two years, while the 30-year hit a 17-month high of 3.20%.

 

[MasterLeong]

FCT 1.92 cheap cheap sia
MCT 1.42 also cheap cheap

 

[jmapsmylife]

Seems like you really intend to hold very long. The way you buy sure commission eat up a lot. Commission always make me think twice before buying

Tempted to increase it from 1400 shares to 2000.
Currently MCT 1400, CCT 600, CMT 100.


Or should resist temptation and aim for telco.

 

[MasterLeong]

ya, the min comm of $25 is a problem many smaller investors face

i would advise saving up to at least 3k to make a purchase

if not best is save up to 5k for a buy to be most cost efficient

 

[MasterLeong]

if 1 month save up 1 k, every 3 months hoot 1 time is pretty decent for new investors

 

[Sinkie]

Seems like you really intend to hold very long. The way you buy sure commission eat up a lot. Commission always make me think twice before buying

I think he's using dca ke account or scb