As the Rabbit prepares to dive into its burrows and the Dragon primes itself to emerge from the water, the journalists were busy writing on what might be the hits and misses for the new year. The main article on the last day of the Year of the Rabbit is on Stocks v Property. Well, I had written an article on it some time back. Thus, there is special interest from me on this article. There are some issues I would like highlight.
Data-mining
The article produced some numbers from an SGX study which showed that from 2001 to 2010, the STI returned 4.9% annualised (without dividends) compared to 3.9% from property (excluding rental, maintenance fees and taxes). There were comments that this is an unfair comparison as 2001 was low point in equities due to the burst of the dotcom bubble and 911 terrorist attacks. Well, there is true. ...
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