Author: (The) Boring Investor

Properties, the Population White Paper and the Land Use Plan

In an earlier post on Properties, I mentioned that it was not ideal to hold properties in Singapore in the long run, mainly because of the rapidly ageing population demographics. In that analysis, I had omitted the effects of migration and new housing supply, which could not be forecast with any certainty then. With the release of the Population White Paper and the Land Use Plan, we now have greater clarity in the migration numbers and new housing supply. How would the analysis change when these factors are included? Let us recap these numbers first. Migration In the Population...

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Shareholding Disclosure

In stock recommendation reports, the stock analyst has to declare his shareholding in the recommended stocks. When he declares that he holds certain stocks, do you then treat his stock recommendations with some suspicion, wondering whether he is recommending certain stocks so that the rest of the public would buy and lead to a rise in the stocks that he holds? And if 2 stock analysts (Analysts A & B) both recommend the same stock but Analyst A doesn’t hold any shares in the stock and Analyst B does, who would you believe in more? Most people would believe...

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Different Tastes for Different Folks

We sometimes look towards people who are successful in investing and hope to emulate their success. By following their investment strategies, we should be more successful in our own investments, won’t it? And by following more such successful investors, we should have a greater chance of success in investing, isn’t it? However, even after following their investment strategies, we sometimes wonder why we are not as successful as they are. There are many investment strategies that make money, like value investing, growth investing or technical analysis. However, the stock market sometimes has a fad. Occasionally, it would favour under-valued...

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Know Yourself

In our conversations with people, we sometimes would come across a conversation in which someone said that he should have bought stocks when the market was at a certain (low) level or sold when it was at a certain (high) level? Well, why didn’t he do it? It must be because he didn’t know what to do when the market was at that level. One of the reasons why I am such a boring investor is because I could never give an opinion whether the stock market would go up or down in the next couple of months in...

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Have a Plan

Nobody can predict the movement of the stock market with any certainty. Moreover, emotions often come into play which can significantly affect the rational judgement of investors. When the market is good, most investors are caught up in the euphoria and think that the market will go higher. Their recent past actions to sell turn out to be wrong and the market continues to go higher after they have sold their shares. Slowly, they begin to hold on to their shares longer and might buy even more when the market dips. Eventually, the market runs out of steam and...

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Properties

Properties are the favourite investment class in land-scarce Singapore. Many people have heard and seen for themselves how a flat that cost their parents a few thousand dollars in 1960s could rise to hundreds of thousand dollars currently. The conventional wisdom is that land is scarce in Singapore, therefore, property prices has only one way to go, which is up. I’m not a property investor. However, I did researched about the prospects of property investment in the long-term 10 years ago, and my conclusion was that it was not ideal to hold on to properties past the year 2017....

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