Author: SG Young Investment

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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My 8 days Taiwan trip all under $800

I did blog before that i liked travelling. Most people would say that travelling requires a lot of money. However, the good news is that with airlines competing for customers and the SGD staying strong, travelling is by far getting cheaper and cheaper. I calculated my total expenses for my 8 days Taiwan trip. Not just slightly below $800 but way below it. It came out to be $705/pax inclusive of airfares. I don’t know if you think that this is expensive or cheap but i have many friends who say that they would never be able to achieve...

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New Facebook page created

Dear readers, I’ve just created a facebook page for my blog. This will take my blogging experience and your reading experience to a whole new level. Through facebook, i’ll be able to share market updates and discuss on the current economics and finance issues. Be the first to like and follow my page. Recommend to your friends too :) Hope to share more with you all on the market conditions. It has been a wild ride these few weeks. See you in social media!! ;) Click like on the right hand side to follow my page. Thank you for...

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Trader with 17 years of trading experience still lose money

I missed episode 2 of recession heroes so i watched it online on catch up TV xinmsn. This episode is even more interesting and we can learn a few points from this female trader who shared her experience. I have also wrote about episode 1 here. Here is the summary of episode 2: This lady was retrenched during the 2007/08 financial crisis. She was a futures broker in a financial institution for 17 years. She worked mostly from 6pm in the evening to 5am in the morning trading futures market. Why still lose money in trading? After being retrenched,...

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What is happening to the market?

I’m back from my holidays and time for me to start writing again. It has been a good trip and Taiwan was really fun. Every country i go to, i’ll notice that each has its own culture and national identity. You could recognise who are the resident people there. Apparently, it is most obvious from the way they talk. Taiwan people have their own style and tone of chinese. China people have their own different set of style and tone of chinese. Even Singaporeans have their own style of chinese. One common language but different identity. Just only one...

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Preparing and experiencing a disaster. How we can prepare ourselves for a financial crisis?

I’ve not been posting in my blog for the past few days. I’m actually in Taiwan currently. If you’ve watched the news, Taiwan is preparing for a typhoon that is forecasted to come in today. The name of the typhoon is typhoon trami. I’m preparing for this disaster and experiencing it for the first time. I’ll share with you on how we can prepare for a financial crisis too in this post. So read on to find out more. As a Singaporean, we do not have any disasters in our home country. In a sense, we’re really fortunate to...

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An interview with a Singaporean couple – How they manage finances with a family of 5 children

Many couples cite the rising cost of raising a child as a deterrent from having more children. A family with 5 children tells us how they manage their finances. One thing i’m impressed with is that the husband is the sole breadwinner in the family. He earns 8-9k a month and still manage to save 20% of his income. Watch the interview below to know more:...

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