Farewell to my beloved grandmother....

It's been a saddening week last week with the departure of my grandmother....it's particularly sudden because there was no signs beforehand and I just took my grad photos with her just a few days b4 it happened...but well I guess that's life....The good thing is that there was no pain or suffering on her part....

Over the past week, I have spent most of my time at my void deck....it's good in a way because I can keep my grandmother company...I don't like to show my sadness etc in front of all the visitors...so it's during the nite is when I can really have my own private time with my grandma...I feel very disappointed by the fact that the beliefs of some ppl actually prevent them from paying their last respects to their own kin...it's already the last you can do and yet you don't want to do it...*nothing to say*

it just shows how extreme these ppl have become and honestly it's very unhealthy for our society.....Well...everything is over and I don't feel like talking abt it any more...life goes on and I just hope everything goes well for my grandmother wherever she is....

Just started my lessons at SMU and it's really a nice campus....very conducive for studying and the administration is very helpful....lessons are pretty interesting but I tink sometimes I drift off easily maybe because I am tired after work....Hope I dun fail any modules...haha

For the markets....tink nowadays u can see many ppl face black black and it's because they r losing $....the contra players will be hurt most....for ppl who are holding on....it's ok...just lead ur life as usual and just wait for the recovery....what goes down will come up also....for those who have spare cash...congrats..it's time for bargain hunting...I maintain my BUY call for the funds listed in my previous posts....already done DCA for them...planning to buy more when it drops...haha pay day faster come....

Now i just wan to earn lots of $$, repay my mortgage loan for my parents, my 2 study loan etc and buy a car....and of cse in the process, staying healthy and spending as much time as possible with my family and friends...

Take care everyone...

Crash or Correction?? & STI chart

Hi everybody....I hope everyone is coping well with the subprime and credit woes on Wall Street....haha at least I am...if you take a look at the front page of fundsupermart, the top performing funds are all bond funds....if you are tinking of switching to bond funds, personally I think it's too late..US treasury yields are at their highest in 18 months and why should you buy at the peak?

On e other hand, equities seem cheap now...esp South East Asia Equities....basically it's a good time to buy in countries like Taiwan, Korea, Singapore, Malaysia or SEA as a whole....Even Europe looks cheap....Just remember, buy within ur own limits....don't contra or buy with $ that you cant part with...that's what investing is all about....

Many ppl have asked me for help on what and when to buy and honestly there is no best time to buy or sell because no one knows the top and bottom of a trend....you can only position yourself to have better odds...

Look at the chart above and it's not hard to see that the STI has retraced abt 10% from the top of >3600 pts and support is forming at 3300 pts though it was briefly breached today...The way STI came back from down 120 points to close at abt down 53 points is a good sign...meaning buyers were back and there was quite alot of short covering....

The blue chip and banks actually look cheap now....it may not be cheapest but it's time to slowly buy the Singapore UT or ETFs....The top 3 banks in SG have strong earnings and if not for the subprime & BNP problems, i tink STI would have hit back to 3450 level today with strong growth forecast and bullish comments made by our leaders over NDP...The subprime problems do not really affect SG that severely because the exposure by the banks are not that great and I think they can easily earn back their $ from other areas....

Overall advice....buy and buy and buy more equities now....slowly and steadily and quietly....and i guess you will be just in time for a nice Xmas gift =) .... now is really the Great Singapore Sale for STI......

For more advanced players, you might wan to cover ur Long positions with some STI puts on the way STI recovers so as to hedge your exposure...

Good luck!

Trade updates...

STI has been plunging....haha when i say this tink alot of ppl are going to kill me.....but I am happy....for a few reasons of cse....plunging simply implies more buying opportunities.....

Congrats on those who followed on HLG, ROWSLEY and BANJOO...the first 2 were good trades...but the 2nd one was not....but netting off the 3 and u shld get a pretty decent profit....

Those who followed on LC Phillipines maybe nursing around a 9% paper loss....but no worries....it's a UT....meaning a 10% is a vvvv good discount....so I will continue my BUY on LC Phillipines....do some dollar cost averaging on those who already invested....

Going to issue some BUY signals now....LC Taiwan, Korea, Thailand, Malaysia, DWS Singapore, LC SEA (Medium term: target 10% by December)

For long term investing....Star Buy will be Infinity 500 and Infinity European Stock Index....

For the more adventurous like me....STI call warrants with expiry 30 Oct....take loss 30% take profit 50%...STI is abit oversold now from the charts....but it may be a technical rebound....so be careful on the warrants.....The investors still wary of the Collaterised Debts Obligations (CDOs) exposure of the 3 major banks in Singapore....but UOB did well in their earnings and this should support the STI...

Good luck to all and Happy National Day!!