Wishing you and your family a Merry Christmas and all the best (i.e. Make Money) in the New Year. Happy Holidays!
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Monday, December 24, 2007
S'pore residential market is world's hottest this year
Straits Times reported this article today.
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Dec 24, 2007
S'pore residential market is world's hottest this year
By Nicholas Fang
SINGAPORE'S booming housing market is the world's hottest this year, with local home prices recording the fastest increase.
Residential property prices in the Republic surged 24.3 per cent, after adjustments for inflation, ahead of other bullish markets such as Shanghai in China and Bulgaria, said property investment research house Global Property Guide.
In a report published online, the firm said Singapore's strong performance, like those of Japan and South Korea, was due to robust economic growth.
The survey was compiled using the latest official data from 42 countries, though other statistics were used for a few markets, such as Japan and the Philippines, where such figures were not available.
The latest Urban Redevelopment Authority (URA) numbers used in the survey show that Singapore home prices registered a 27.6 per cent annual jump at the end of September, significantly higher than the 7.6 per cent posted a year ago.
This nominal, non-inflation adjusted figure was below the 30.6 per cent recorded by Bulgaria in September and the 27.9 per cent recorded by Shanghai in October.
But in real terms, after adjustments for low inflation of only 2.66 per cent, the Republic leapfrogged these two markets to reach the top spot, said the report.
Singapore's strong showing underscored a more general recovery in Asia, where several markets gained momentum in the first three quarters of the year.
Global Property said this reflected, to some extent, continued recovery from the 1997 Asian financial crisis.
In contrast, the United States housing market crashed due to the sub-prime mortgage crisis, while high interest rates were behind the slowdown in European house prices.
'In Europe, most countries registered unimpressive year-on-year house price changes in 2007, aside from Norway and Estonia,' the report said.
Looking to the year ahead, Global Property said property prices in much of Asia are still undervalued compared with pre-Asian crisis levels, despite strong increases this year.
It expects potential improvement in rentals in Singapore.
'We believe gross rental yields are now too low, at 2 to 3 per cent.
'Nevertheless, Singapore is attracting and admitting more foreign-born workers - which is positive for prices,' it said.
Elsewhere in the region, Global Property also recommended Cambodia, Thailand, Japan, Australia and New Zealand to property investors.
It, however, cautioned against investing in Europe, apart from a handful of Eastern European states, because of high valuations after a long period of price appreciation.
In the Middle East, it found Egypt attractive for its high rental yields and low taxes, but warned of a possible oversupply in Dubai as more properties come on stream over the next two years.
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I'm living in hottest residential market in the world!
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Dec 24, 2007
S'pore residential market is world's hottest this year
By Nicholas Fang
SINGAPORE'S booming housing market is the world's hottest this year, with local home prices recording the fastest increase.
Residential property prices in the Republic surged 24.3 per cent, after adjustments for inflation, ahead of other bullish markets such as Shanghai in China and Bulgaria, said property investment research house Global Property Guide.
In a report published online, the firm said Singapore's strong performance, like those of Japan and South Korea, was due to robust economic growth.
The survey was compiled using the latest official data from 42 countries, though other statistics were used for a few markets, such as Japan and the Philippines, where such figures were not available.
The latest Urban Redevelopment Authority (URA) numbers used in the survey show that Singapore home prices registered a 27.6 per cent annual jump at the end of September, significantly higher than the 7.6 per cent posted a year ago.
This nominal, non-inflation adjusted figure was below the 30.6 per cent recorded by Bulgaria in September and the 27.9 per cent recorded by Shanghai in October.
But in real terms, after adjustments for low inflation of only 2.66 per cent, the Republic leapfrogged these two markets to reach the top spot, said the report.
Singapore's strong showing underscored a more general recovery in Asia, where several markets gained momentum in the first three quarters of the year.
Global Property said this reflected, to some extent, continued recovery from the 1997 Asian financial crisis.
In contrast, the United States housing market crashed due to the sub-prime mortgage crisis, while high interest rates were behind the slowdown in European house prices.
'In Europe, most countries registered unimpressive year-on-year house price changes in 2007, aside from Norway and Estonia,' the report said.
Looking to the year ahead, Global Property said property prices in much of Asia are still undervalued compared with pre-Asian crisis levels, despite strong increases this year.
It expects potential improvement in rentals in Singapore.
'We believe gross rental yields are now too low, at 2 to 3 per cent.
'Nevertheless, Singapore is attracting and admitting more foreign-born workers - which is positive for prices,' it said.
Elsewhere in the region, Global Property also recommended Cambodia, Thailand, Japan, Australia and New Zealand to property investors.
It, however, cautioned against investing in Europe, apart from a handful of Eastern European states, because of high valuations after a long period of price appreciation.
In the Middle East, it found Egypt attractive for its high rental yields and low taxes, but warned of a possible oversupply in Dubai as more properties come on stream over the next two years.
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I'm living in hottest residential market in the world!
Sunday, December 23, 2007
Young and pretty lady wishes to marry a rich guy. Fantastic reply from a financial person
Since there isn't much trading over the weekend and I just received this email story from a friends, I would like to share with everyone on this:
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A young and pretty lady posted this on a popular forum:
Title: What should I do to marry a rich guy?
I'm going to be honest of what I'm going to say here. I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York. My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married? I wanted to ask: what should I do to marry rich persons like you? Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit. If someone is going to move into high cost residential area on the west of New York City Garden (?), $250k annual income is not enough.
I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches is only average-looking? I've met a few girls who doesn't have looks and are not interesting, but they are able to marry rich guys
4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)
Ms. Pretty
Here's a reply from a Wall Street Financial guy:
Dear Ms. Pretty, I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyze your situation as a professional investor. My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.
From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain. Put the details aside, what you're trying to do is an exchange of "beauty" and "money": Person Aprovides beauty, and Person B pays for it, fair and square. However,there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later.
By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position". If the trade value dropped we will sell it and it is not a good idea to keep it for long term – same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will besold or "leased". Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income. This has better chance than finding a rich fool.Hope this reply helps. If you are interested in "leasing" services, do contact me.
signed,
Banker
--
Interesting, huh!
--
A young and pretty lady posted this on a popular forum:
Title: What should I do to marry a rich guy?
I'm going to be honest of what I'm going to say here. I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York. My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married? I wanted to ask: what should I do to marry rich persons like you? Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit. If someone is going to move into high cost residential area on the west of New York City Garden (?), $250k annual income is not enough.
I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches is only average-looking? I've met a few girls who doesn't have looks and are not interesting, but they are able to marry rich guys
4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)
Ms. Pretty
Here's a reply from a Wall Street Financial guy:
Dear Ms. Pretty, I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyze your situation as a professional investor. My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.
From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain. Put the details aside, what you're trying to do is an exchange of "beauty" and "money": Person Aprovides beauty, and Person B pays for it, fair and square. However,there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later.
By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position". If the trade value dropped we will sell it and it is not a good idea to keep it for long term – same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will besold or "leased". Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income. This has better chance than finding a rich fool.Hope this reply helps. If you are interested in "leasing" services, do contact me.
signed,
Banker
--
Interesting, huh!
Saturday, December 22, 2007
3 FX wins - 56 pips in total
Yesterday night, I didn't manage to wake up to play gapping my favourite ticker (RIMM). RIMM shot up almost $15 after another fabulous quarter.
I compensated myself with 3 winning forex trades:
1. USD/CHF - Short @ 1.1559, close @ 1.1551 (8 pips)
2. EUR/USD - Long @ 1.4361, close @ 1.4380 (19 pips)
3. GBP/USD - Long @ 1.9835, close @ 1.9863 (28 pips)
Saturday, December 15, 2007
Money Management
An short and GOOD article on Money Management from traders.com.
1. Always look for strategies that works more than 60% of the time (ya, there is no 100% working trading strategy thus far), so those trading gurus (or should I say training gurus) mentioned blah blah blah blah blah blah, please take note.
2. Always consider if there is a predetermined profit take (PT) and stop loss (SL). I've been trading options with no predetermined PT and SL all these way.
If there is, ask about the magnitude of PT and SL. If the PT is less than SL, that's means you lose more. On the other hand, this means you always look for a PT that is more than SL. A rule of thumb: Look for PT > 150% SL (this means that you even breakeven when you lose 3 times and win 2 times), e.g. PT = 30 ticks/pips and SL = 20 ticks/pips.
3. Use less than 15% of your capital. If possible, use as low as 5%. This ensures you will not be 'emotionally' hurt when you lose. And you will not lose that much when you have consecutive loses.
4. It's ok to have a losing month once in a while. Actually, most successful trading strategies or systems tend to have an average of 2 losing months (within 1 years), based on my research.
It's your money, do take care of them!
I have been trying to find an article that talks about the right money management mindset, in the hope to remind many many many of my trading friends (and those who are going to join some trading courses in hope to make big bucks).
In my many years of trading, I realised sometimes the trading strategies is not the core of profitable trading. In fact, there is no trading strategy that works 100% (except it wins more and loses less).
Personally, I used to have a strategy that works monthly (and I assume it's 100% in the 'infant' stage of trading). That strategy works so well consecutively for 3 months, and everytime it gave a returns of 30% to 70% per trade. And every month, I used all my capitals (that capital belongs to my family account) to compound all I had. We started with US$10K that time and truly went up after 3 months. But on the 4th month, i lost everything as the strategy failed. And the account was left with US$137. This was the result of poor money management. And I'm the living testimonial of such a disaster.
1. Always look for strategies that works more than 60% of the time (ya, there is no 100% working trading strategy thus far), so those trading gurus (or should I say training gurus) mentioned blah blah blah blah blah blah, please take note.
2. Always consider if there is a predetermined profit take (PT) and stop loss (SL). I've been trading options with no predetermined PT and SL all these way.
If there is, ask about the magnitude of PT and SL. If the PT is less than SL, that's means you lose more. On the other hand, this means you always look for a PT that is more than SL. A rule of thumb: Look for PT > 150% SL (this means that you even breakeven when you lose 3 times and win 2 times), e.g. PT = 30 ticks/pips and SL = 20 ticks/pips.
3. Use less than 15% of your capital. If possible, use as low as 5%. This ensures you will not be 'emotionally' hurt when you lose. And you will not lose that much when you have consecutive loses.
4. It's ok to have a losing month once in a while. Actually, most successful trading strategies or systems tend to have an average of 2 losing months (within 1 years), based on my research.
It's your money, do take care of them!
Friday, December 14, 2007
New PDA trade - 25 pips
This is one trade I did on new PDA at International Plaza with very small lot size - basically 5 cents per pips.
GBP/USD - 25 pips
Sell @ 2.0425 & Close position @ 2.0400
Total Profit = US$1.25 (yup, it's only one dollar twenty-five cents only).
Wednesday, December 12, 2007
FOMC Announcement Preview
Extracted from Briefing.com at 13:19 ET
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FOMC Announcement Preview
The FOMC announcement will be made at 2:15pm ET with the current Fed probability rate standing at a 67.8% chance of a 25 bps cut (57.5% a week ago), a 30.1% chance of a 50 bps cut (29.7% a week ago), and unchanged at 2.1% (5.1% a week ago). Recall last time the Fed met in late October, they eased the funds policy rate to 4.5% (KC Fed pres Hoenig dissented against the committee's decision in favor of no ease) and left a neutral bias in the policy statement. The Fed speak held to the party line until approx three weeks ago when Fed Chairman Bernanke and Vice Chair Kohn stoked expectations for an ease as they stated liquidity problems in the credit market and their drag on housing already in recession add to risks tied to high energy prices, plunging confidence and the weaker economy expectations. The market was unofficially warned that December easing was possible. Its now been taken as a given. In Briefing.com's opinion the Fed will do a 25 bps cut, leaving a larger 50 bp on the table in case a larger financial/economic stumble/crash were to occur. The Fed has other tools at their disposal to use in the meantime. The wording of the statement can allude to another or even larger ease if conditions worsen and thereby provide the same market effect. To free up liquidity the Fed could ease the discount rate a larger 50 bp and still keep a positive (25 bp) spread to funds. By keeping a penalty spread to funds the Fed maintains more control over the amount of reserves pushed into the banking system. The increased generosity in discount borrowing would also help support the strong year end liquidity demand required to dress up year end corporate balance sheets. The NY Fed recently lengthened RP terms over year-end and loosened the terms of securities lending. The Fed could do the same for discount borrowing by lengthening the 1 month term set in August to say 3 months. Other changes may mimic those used by foreign central banks including the range of collateral accepted. There's room for creativity but simplicity has its advantages... Briefing Expectations: On September 18 after a 0.5% cut in the Fed funds target, the S&P surged 43 points. On October 31 after a 0.25% cut in the fed funds target, the S&P gained 18 points. The market has rallied more in advance of the announcement this time compared to the two previous occasions, however, so a subsequent rally of similar proportions is a long shot. There is even a chance that some "sell the news" reaction occurs following the announcement. The stock market has had a good run on recent economic data which have reduced the worst fears for the economy, and on the belief that within months the worst of the subprime mess may be over. There is still the problem of a likely sluggish economy and weak earnings growth in 2008, however. Markets and futures have been trading in a fairly tight range today ahead of the announcement.
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Take caution on "The market has rallied more in advance of the announcement this time compared to the two previous occasions, however, so a subsequent rally of similar proportions is a long shot. There is even a chance that some "sell the news" reaction occurs following the announcement."Nothing is certain!
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