Author: SG Wealth Builder

NeuroInvesting: Build a New Investing Brain

Since young, I always thought that there must be a scientific approach towards investing. I don’t believe that intelligence play a part when it comes to investing because I have seen many smart professionals lost their hard earned money in the stock markets. I have also seen not-so-educated friends making huge piles of money from their investments. So the perennial question: is investing a form of art or science?Improving your investment skills While we cannot change the external environment, we can certainly control our own thoughts and actions. Many people mistakenly thought that the market is our greatest enemy....

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BullionStar Singapore: Strong Buy Signal on Gold

This article is extracted from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. Crisis? What crisis? One could be forgiven for thinking that the plunge in gold price during the second quarter of 2013 could spell the end of one of the longest bull-run for the world’s gold markets. But apparently this was not the really the case, at least not for physical gold. According to the May 2013 press release from The World Gold Council (WGC), demand for bullions and jewellery, which makes up of 72% of global demand, has...

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Singaporeans no longer hungry

According to data compiled by Bloomberg. Singapore’s annual jobs growth  may halve in the coming years from a 2007 peak as the island widens a  clampdown on foreign workers, Bank of America Corp. estimates. According to the Bloomberg article, the shortage of labour is set to worsen as Prime Minister Lee Hsien Loong pursues a four-year campaign to reduce the reliance on foreign workers, whose  growing presence pushed up home prices and much frustration among Singaporeans. The government may tighten rules on  hiring non-Singaporean medium-skilled workers after previous measures  restricted cheap overseas labor.   Local young graduates’ altitude Well,...

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Biosensors reported poor Q1 FY2014 results

Financial Review for first quarter ended 30 June 2013 Revenue:   Total product revenue for the quarter ended 30 June 2013 decreased by  6% to US$65.0 million from US$69.0 million recorded in the previous  year’s corresponding quarter. Total interventional cardiology revenues  decreased by 7% to US$60.9 million in the quarter ended 30 June 2013  from the US$65.7 million reported in the previous year’s corresponding  quarter due to a drop in the Group’s drug-eluting stents (“DES”) sales  mainly as a result of the Group’s efforts in reducing distributor  channel inventories in China in anticipation of China new tenders  pricing taking...

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k1 Ventures Declared Dividends of $0.02

Balance sheet review Group shareholders’ funds increased from $338.7 million at 30 June 2012 to $349.9 million at 30 June 2013. The increase was attributable to profit for the year of $54.6 million offset in part by dividends paid to shareholders of $32.5 million and other comprehensive expense of $10.9 million. The profit for the year ended 30 June 2013 was primarily attributable to a net profit of $19.3 million from the sale of the Group’s investment in McMoRan Exploration Co. (“MMR”) and $27.7 million of investment income from Knowledge Universe Holdings LLC (“KUH”). The other comprehensive expense for...

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Billionaire Kwek claimed that home prices may slip 5%

Over the last two weekends, my wife and myself visited private condominium showrooms of D’Nest, Urban Vista and Q Bay. We were not planning to purchase our second property at the moment but is visiting the showrooms just to have actual sensing of the market. Even though there has been much media coverage on the state of private home in Singapore in recent years, we feel that “seeing is believing”. It is more important to have actual sensing of the market because that will provide better picture of the market dynamics. Well, according to an article in PropertyGuru, Executive...

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Changing our COE System

A few days ago, my wife and myself were about to send our daughter to the infant care center when it started to pour heavily. We were thankful that all of us were in the car and managed to reach the school without being drenched. On the way to the school, my wife was counting her blessing that we had a car. Otherwise, it would be very troublesome to send our daughter to school during bad weathers. Although many would argue that Singaporeans should take public transport because it is cheap, efficient and convenient, I beg to differ. If...

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Record Bankruptcy for US City, Detroit

This article is extracted from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices.  On 19th July 2013, Detroit became the largest city in United States history to file for bankruptcy protection after piling up debt of more than USD$18 billion. For more than a decade, the city has been borrowing money to pay for its expenses and fund its expensive pension system. Apparently, the breaking point came about after Detroit failed to reach agreements with the bondholders and creditors to restructure the city’s debt out of court. People who are familiar...

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The Myths about Gold Bullion

This article is extracted from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. Despite the surge in financial risks during the Great Recession, gold bullion continues to be absent in most institutional and individual investment portfolios. Global pension funds and insurance companies with trillions of dollars’ worth of assets continue to overlook gold as a form of sustainable wealth protection insurance. Many individuals have also misunderstood gold and ignored the substantial benefits of owning gold. All these misconceptions are due to the prevailing myths about gold bullion ownership. One of the...

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Shape your child’s financial destiny

A few days ago, I bought an endowment plan after much financial planning with my wife. The policy was purchased under my name but eventually when it matures twenty years down the road, we plan to use the money for our daughter’s university fees. We thought that since I am the sole breadwinner, the policy should insure me, so that in case if anything happened to me, the policy can still sustain and provides for my daughter’s education fees. Beyond this saving plan, I hope that my daughter will grow up cultivating a good saving habit and develop prudent...

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Multiple Streams of Income Seminar

An Opportunity to learn on how to create business, and invest in fundamentally good businesses and right investment. The details are in the link: http://www.eventbrite.sg/event/6540409541/GreatSage Let America’s No.#1 Millionaire Maker and New York Times Best Selling Author, Robert G. Allen teach you on the different ways of managing and growing your finances, and generating Multiple Streams of Income. An Opportunity, Business and Investment seminar, where different PMETs, Student, Working Professional, Aspiring Entrepreneur and Business Owners will be there to meet, network and discuss. This is a platform for Professionals, Managers, Executives and Technicians, Working Professional, Aspiring Entrepreneur and Business Owners to learn, share views and exchange knowledge in the...

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iMoney (Intelligent Money)

iMoney (Intelligent Money)was founded in Malaysia in April 2012 and started out with a team of three. It took 14 days to get from an idea to a fully functional website. The company’s vision was (and still is) to simplify financial matters for consumers, thus helping them make better decisions.The main idea was to provide a “one-stop” shop where people could access and compare all the financial products they needed. Today, the site provides free financial services comparison to consumers, as well as application services for home, personal and car loans, credit cards and other banking products. Additionally, a...

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SingTel grilled over digital investments

I read an article in The Strait Times which stated that SingTel was grilled by investors over its digital investments during its latest annual general meeting AGM. Apparently, some of the investors were concerned about the company’s decision to budget multi-billion dollar for its new digital investments and queried the company on the soundness of such an ambitious plan. I am not vested in any SingTel shares and neither did I attend any of its AGM, but after reading the article, I have some comments.Most investors thought that buying the shares of a company means having a stake in...

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BullionStar Review: Gold Buying Frenzy in Asia

This article is extracted from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. According to Scott Morrison, Chairman of Swiss precious metals processor, Metalor Technologies, gold refineries were unable to keep up with the demand from Asia investors as the plunge in gold price sparked frenzy in buying gold bullions and jewelry from China to India. His company expects to complete its US$15 million gold refinery on Singapore by the end of this year. The refinery will have a capacity of 150 metric tons a year, he said.In a bid to...

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OCBC Bank still bullish on stocks

The following coverage is from OCBC Bank Investment Seminar conducted on 9 July 2013.OCBC Bank remains bullish on the U.S. dollar as the Fed prepares to start cutting back asset purchases in response to the growing strength of the economy.However, the Fed’s more hawkish stance, coupled with concern about China’s sagging growth, has dimmed the outlook for certain emerging markets and commodity currencies. Emerging market currencies with large current account deficits, such as India and South Africa, may continue to struggle, but we’re more positive on other emerging markets with surpluses, for instance Singapore and Malaysia. The end to...

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