Market Review and Trends
the dragon year, in more ways than one
By Patrick Lim  •  January 25, 2012
i read the abovementioned article with great interest by mr toh yong chuan, senior correspondent, published in today's edition of the straits times. he started off by illustrating that the word, dragon denotes firstly prosperity or something that is grand. he cites the local stock market using the example of the sti which ended the year 2000 (the last dragon year) at 1,927 points and market capitalisation then was $417.8 billion. at the end of 2011, the sti had gone up to 2,646 points and market capitalisation at a much higher $716.3 billion. other statistics: singapore's gdp was $165.2 billion in 2000 to $284.6 in 2010 trade nearly doubled from $470 billion to $902 billion singapore got bigger from 683 sq km to 712 sq km population grew from 4 million to 5 million literacy from 92.5% to 95.9% life expectancy from 78 years ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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