Author: SG Young Investment

Singapore girl, 17, confesses to selling body for cash to party

This news really caught my attention and i’m sad that our society has become like that. Young people are willing to do anything to get the money they want. This young girl sells her body for cash to buy alcohol and the things she want. Has our society become one which focus on material things only?  Recently, there has been court cases of men who were being charged because they had underage commercial sex with a minor. Most of the time the girl is a willing party. They just want the money.  For this particular news, the reporter posed...

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How to get rich? – The dreamer’s way

Many people want to be rich. However, it is only a dream for many people. What is a dreamers’ way of getting rich? 1) Buy 4D/Toto and hope to strike it rich.  Remember the 8 million chinese new year ang bao draw? Didn’t you hear your friends or colleagues say if they strike it then they can resign from the company and don’t need to work anymore? Maybe you can be lucky and strike it rich. Is it just a dream or will it turn into reality? 2) Speculate in penny stocks and hope it goes up 10 fold...

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Understanding financial statements (Part 1) – The income statement

To be an investor, you have to know how to read financial statements. I would say that this is a skill that every investor must know. In fact, Warren Buffet said that the greatest skill a young person can learn during his or her school days is the skill of accounting. In an annual report, you will basically find 3 financial statements. 1) The Income Statement2) The Balance Sheet3) The Cash Flow Statement I will go through all 3 statements in detail as simple as I can. For this post, we shall use the company Singtel’s financial statement as...

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Money or happiness? Which would you choose?

If you have only one choice, would you choose to have money or happiness? I believe you would agree that this is a hard choice to make. Many of you would think why can’t i choose both? I want to have both money and happiness. Won’t having more money make me happy? This is not entirely true. Let me illustrate. Think about the first job you had. The first pay of $1800 as a diploma graduate made you excited. Finally you have a decent pay and more money to buy the things that you want without having to rely...

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5 ways how young people can save more money

Living in the current generation encompasses many temptations. The temptation to keep up with trends, the need for active social life and the ego and pride to not lose out. Some people describe the current generation Y and Z as 月光族. If we divide the words up, 月 means month. 光 indicates nothingness or emptiness. 族 means the generation. All together, the three words is used to describe people who are living paycheck to paycheck. Their expenses equal or exceed their monthly income. They have nothing left over at the end of the month. Living as a young person in...

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The dangers of over leveraging on debt

This post is inspired by comments from my previous post on Recession Heroes Ep 5 – Resilience during tough times. Too many people have too much debts causing problems for them and their families when they lose their jobs. Housing debts are one of the major debts among young people in our current generation now. When buying a house, remember to plan ahead and do not over commit. A general guideline is not to use more than 30-35% of your monthly income to pay for housing loans. However, different people have different circumstances. You will know your situation yourself. Plan...

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Recession Heroes Ep 5 – Resilience during tough times

This episode made me very inspired. I really admire the person who was featured in this story. At an old age of 59, he still doesn’t give up. He worked for a bank for 16 years and was retrenched because the bank was not doing well. Wanted to find a similar job but other banks did not want to hire him because of his age and his expected salary was too high. The companies would rather hire someone younger who can except lower pay. This made me think that one day i would become old also and i may...

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Dryships – My first 100% return on investment

I have blogged that I divested partially my shares in dryships to reduce risk on August 7 2013. Got back all my capital plus some profit. Just one month later, the share price has gone up by another 70%. Currently, the price is officially double of the price which I initially bought at 1.52. Technically speaking, the return is about 50% since I divested some one month ago. No doubt I’m happy about it as its still quite a substantial return. I initially bought it last year November 2012. Investing period is less than 1 year. Why has it...

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A Singapore movie: Ilo Ilo 爸媽不在家

I have just watched a Singapore film by the name of Ilo Ilo 爸媽不在家 this week. This movie shows how a family live their lives right in the heart of the financial crisis in 1997.  The film was awarded the Camera d’Or award, thus becoming the first Singaporean feature film to win an award at the Cannes Film Festival. Overall, good story and brings back memories for those who lived through the Asian Financial Crisis period. I was about the same age as the kid in the movie during that period. Watch the trailer below: Like my Facebook page to receive...

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An Introduction to Forex: Part 2 [Guest Post]

In the first part of our Introduction to Forex we talked about basic concepts and characteristics of Forex trading. In this part the focus is on the different types of Forex brokers. This should give you a clearer picture of how the Forex machine works, and how to select the right broker. There are three main types of Forex brokers out there, namely Market Maker brokers, Electronic Communications Network (ECN) brokers and Straight Through Processing (STP) brokers. Each type operates and makes money in a different way, and it is important to know the difference before deciding which one to use....

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Shipping sector on a recovery

I’ve posted before that the shipping industry may be on a recovery. First post was on June 20 here and second post was on July 14 here. I’ve wrote about the Baltic Dry Index (BDY) and how it is related to the shipping industry. In simple terms, the BDY tracks the cost to transport raw materials. The higher the cost, the higher the index. A higher cost to transport means shipping firms get to earn more on each route. The BDY has risen by another 25% since the first time i posted about it. Look at the chart here....

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Recession Heroes Ep 4 – Got retrenched at a young age of 23 but still full of passion in life

This episode really encourages and motivates me. The guy in this story is Ken Chee. I’ve saw his name somewhere before and i thought his face looks really familiar. The i realised he’s the one who started a company called 8 investment. His company runs the millionaire investor program in Singapore and it teaches value investing. I’ve never attended the program so i’m in no way related to it and this is not an advertisement for the program. Back to this person. I thought he looked and sounded really humble and i felt he’s someone who’s willing to help...

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Market update – Substantial rise in treasury yields

Update of Treasury yields in the US 2yr Treasury Yields – 0.51% 10yr Treasury Yields – 2.98% 30yr Treasury Yields – 3.88% What do these numbers means? A rise in yields implies a fall in bond prices. If you have investment in bonds,  most likely you’ll see a drop in your portfolio value. Short term yields have already more than doubled from 0.24 to. 0.51. This also means that interest rates are rising. Those with floating rate loan packages will feel the effect of higher interest rates. If you have substantial loans like housing and car loans, do take...

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What’s with the WhatsApp craze?

While i was on the bus, i realised that a lot of people were busy typing out on their phones. I took a peek at the people around me and saw that almost everyone was using WhatsApp. I have to admit i’m one of them too. People use to pay for messages in the old days and many young people were sending too many SMSes which caused their phone bills to burst. I used to hear my friends complaining that their parents cancelled their mobile line just because they send too many messages. Sometimes more than 1000 messages when...

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China Minzhong acquired by PT Indofood. Share price shoots up by 112%

China Minzhong has gotten out of its pit. Its trading halt was lifted today and from a low of 0.53, it shot up to 1.12. Reason was because it got an offer from PT Indofood to acquired its shares at 1.12. China Minzhong has offered its shareholders a mandatory cash offer at an offer price of 1.12. Previously, a negative report by Glaucus Research caused it share price to drop by more than 50%. This caused fear to investors who own China Minzhong shares as they see their portfolio value plummet. There were rumours that China Minzhong could be forever...

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