Over the past few weeks ive been thinking about protection and saving for my retirement. We reach an age whereby we feel that we have the responsibility towards others, either to protect them or to help them to achieve their goals. The number one and most important person that everyone chooses to protect would be their parents, that is before you get married of cause. Im just embarking on my career and although ive started investing ive not really thought of any emergency scenario. What if im not around to take care of my parents? What if i am still around and lose my ability to work? Some of these thoughts has been going through my mind and therefore i actually had to contemplate between getting insured under a whole life plan or a term life plan. Basically ive been getting advice from the web, from youtube in particularly. Ive read and studied the pros and cons of life and term insurance and my findings is this.'
A Whole life insurance covering S$250,000 TPD/Death would be $180 a month + Hospitalization subsidy would be around $194/mth this includes cash value and can cover up to a minimum age of 65
Term life covering TPD/death does not have cash value and it will take $30/mth to prolly cover the same amount as whole life.
Conclusion a $30/mth is = $360/yr without cash value. But i get that extra $1800 to invest somewhere and prolly get better returns? Well at least i get to manage my own $$ and dont have to go through any premium holiday to meet my obligation. So Term insurance is prolly the way to go?
Sunday, September 5, 2010
Monday, June 21, 2010
The Dragon Rises and the Whole World Catches its Tail
The RMB has finally rose to its highest percentage gain since october 2008. A 21 month high. The Chinese government finally decided to unpegged its yuan to the dollar after much pressure from major world leaders. What could this mean to most people?
Commodities to rise. As it is now, China is the world no.1 producer and consumer of commodities, the rise in the yuan signals a rise in commodities as there were pre contracts made to deliver them at the stagnant price before yesterday change to the RMB. As a result, many companies holding a passive income from china at a fix price sees the gain in currency as a gain in their cash flow. At the same time, the same amount of RMB will be used to purchase the commodities which makes the commodities rises at the same time in congruence to the RMB
Shipping Stocks. Time charter is the word. Any ship owners with business in China chartering out their fleets at RMB at a given time will see their stocks soaring. Companies such as Cosco and NOL and major shipping suppliers must be kept on the look out. It is the best time now for them to be purchased.
US stocks. The Major indices in USA will soar today at least to a 2% high, with the Americans finally getting their way. I don't see a reason for them to stop climbing, i predict dow jones should hit 12k anytime before this year.
China stocks. A rise in the currency signals a flexible stance that the government has adopt. One way is to curb inflation and another way is to untighten its money and prevent a bubble. Most china stocks will rise because they are the world biggest holder of RMB. So UETFSSE 50 anyone?
Commodities to rise. As it is now, China is the world no.1 producer and consumer of commodities, the rise in the yuan signals a rise in commodities as there were pre contracts made to deliver them at the stagnant price before yesterday change to the RMB. As a result, many companies holding a passive income from china at a fix price sees the gain in currency as a gain in their cash flow. At the same time, the same amount of RMB will be used to purchase the commodities which makes the commodities rises at the same time in congruence to the RMB
Shipping Stocks. Time charter is the word. Any ship owners with business in China chartering out their fleets at RMB at a given time will see their stocks soaring. Companies such as Cosco and NOL and major shipping suppliers must be kept on the look out. It is the best time now for them to be purchased.
US stocks. The Major indices in USA will soar today at least to a 2% high, with the Americans finally getting their way. I don't see a reason for them to stop climbing, i predict dow jones should hit 12k anytime before this year.
China stocks. A rise in the currency signals a flexible stance that the government has adopt. One way is to curb inflation and another way is to untighten its money and prevent a bubble. Most china stocks will rise because they are the world biggest holder of RMB. So UETFSSE 50 anyone?
Friday, June 18, 2010
GOLD WILL HIT ANOTHER RECORD HIGH !
Ive been urging everyone to buy gold, buy gold. EVER SINCE 2009, ive followed the advice of Peter Schiff and ive passed on that advice (effortlessly though) and hoping for people to reap easy profit for free! Many of cause do not understand why and thought that the price of GOLD since already hit an all time high on 18th June (YET AGAIN) there's no reason to get in anymore. However, those whom have been following the price of gold has realised that GOLD HAS SURGED PROFUSELY TO AN ALL TIME HIGH 5 times in less than a year. THATS definitely not a sign for us to back out. Thats a sign for us to get in as this little shiny metal here has been breaking resistance bit by bit and its not gonna stop so soon. The only time you should get out of gold is when you really need the money or you see a sudden surge more than 10% that is when you should get out and wait for the price to fall before you get in. It is sure to be higher than the previous high once again.
So what are you all waiting for? BUY GOLD
So what are you all waiting for? BUY GOLD
Wednesday, June 16, 2010
Price pass 200 days EMA.
The index of STI has went up a consecutive 6 days after an expected correction since the end of April. Many prices have hit 200 days Moving Average and looks set to be volatile for days to come. Gold price has hit record high again but went down as usual when the Euro came up against the dollar. The market seems to be much stable now compared to 2 weeks ago and many investors are jumping in to ride the trend together with a wave of good news.
There are a few things to look out for in the remaining weeks. The situation of the BP oil spill, the unemployment rate in America and Europe. This three issue will affect the market as long as companies have not announced their quarterly result.
Hold your shares. Expect an uptrend to come for a few months.
There are a few things to look out for in the remaining weeks. The situation of the BP oil spill, the unemployment rate in America and Europe. This three issue will affect the market as long as companies have not announced their quarterly result.
Hold your shares. Expect an uptrend to come for a few months.
Monday, May 17, 2010
Euro hits 4 years low
The euro hit a 4 years low @ $1.2234US/Euro this morning as a result of uncertainties hovering around the USD$1 trillion bailout package initiated by the IMF and ECB. Apparently investors are unsure how governments in Europe are going to reduce their deficits. Obviously at this stage the governments around the world are printing more and more money which effectively continue to drive up the price of gold albeit we see it falling to a more conservative rate @ USD $1229/oz as of 17 May.
Unable to forseen such circumstances, i've made some rather brash investments over the past 2 months thinking that the volatility of the market should push up falling prices of stocks. This has always the problem with stocks, just when you thought you will miss some bargaining opportunity and eager to grab some shares,some other bad news came along and bring your stocks down further.
Ive come to understand that one should not be in a rush to take position, yet one must not get too influenced and panicked by good or bad news. The fundamentals of the company is of ultimate importance. In a macro point of view one should also take into concern the overall financial health of big corporation and countries. With the fundamental in place, no one should be over intimidated by sudden rise or fall in share price. However, i must emphasize the importance of technical analysis at the same time. The past 2 years has clearly shown that the trend is your friend. Where since march 2009 the trend line produced an upward trend all the way till the recent crisis and now recently we witness a sudden surge in a downward trend due to a major european debt crisis. I wonder is this the beginning of another major crash that we witnessed 2 years ago or just another volatile term in the stock market.
Unable to forseen such circumstances, i've made some rather brash investments over the past 2 months thinking that the volatility of the market should push up falling prices of stocks. This has always the problem with stocks, just when you thought you will miss some bargaining opportunity and eager to grab some shares,some other bad news came along and bring your stocks down further.
Ive come to understand that one should not be in a rush to take position, yet one must not get too influenced and panicked by good or bad news. The fundamentals of the company is of ultimate importance. In a macro point of view one should also take into concern the overall financial health of big corporation and countries. With the fundamental in place, no one should be over intimidated by sudden rise or fall in share price. However, i must emphasize the importance of technical analysis at the same time. The past 2 years has clearly shown that the trend is your friend. Where since march 2009 the trend line produced an upward trend all the way till the recent crisis and now recently we witness a sudden surge in a downward trend due to a major european debt crisis. I wonder is this the beginning of another major crash that we witnessed 2 years ago or just another volatile term in the stock market.
Thursday, May 13, 2010
Gold Rush 2010
The past few days had the world witnessing the price of gold hitting waves of record high at USD$1242/OZ (May 13 2010). This surge was caused by the debt incurred by Portugal, Italy, Greece and Spain AKA PIGS and with bailouts from the European Central Bank (ECB) and International Monetary Funds (IMF).
The last time gold hit a high was during October where it was USD$1222/oz. I realise that whenever there's a bailout package for some regions or country, Gold will always rise. The reason is mainly because gold act as a contingency currency and as a hedge against currency depreciation and inflation.
This trend of rising gold price will no doubt continue to hit new highs in years to come. Reason being, The price of goods and foods will always rise as inflation is a need and for the good of a nation economy. Some economists speculated that gold might hit a high of at least USD1500/oz at year end.
So people might ask questions like; Should i start putting my $$ in gold now?
I recommend if you want to, you should have a long term plan. Although its almost guaranteed that gold will continue to rise even to a higher tipping point in the future. No one knows when is the next dip nor the next surge will be. Long term investment is the best bet to buying gold.
The last time gold hit a high was during October where it was USD$1222/oz. I realise that whenever there's a bailout package for some regions or country, Gold will always rise. The reason is mainly because gold act as a contingency currency and as a hedge against currency depreciation and inflation.
This trend of rising gold price will no doubt continue to hit new highs in years to come. Reason being, The price of goods and foods will always rise as inflation is a need and for the good of a nation economy. Some economists speculated that gold might hit a high of at least USD1500/oz at year end.
So people might ask questions like; Should i start putting my $$ in gold now?
I recommend if you want to, you should have a long term plan. Although its almost guaranteed that gold will continue to rise even to a higher tipping point in the future. No one knows when is the next dip nor the next surge will be. Long term investment is the best bet to buying gold.
Saturday, May 8, 2010
Market looks set for a correction
The past few days has seen the Dow Jones industrial index dropping 6 percent over 4 days. The worst intra - day trade was seen on the 6th of May thursday where the index dropped 10% in a single day trade and then recovered back to a 3% over all loss thanks to a technical glitch.
The market condition in SGX is still fairly weathered, although we seen a drop of around 10% at the same time since the index hit a 14 mths high on mid April. This wave of bearishness were caused by panick selling as a result of the debt crisis in the Europe Region. Additionally, China's intention to increase their central bank's reserve ratio for the third time in 2010 only aggravates the whole situation. This coming monday we shall will see the policy being implemented and nonetheless there will be another wave of sell off in stocks.
However, do look out for stocks dumping to a 2010 low as such stocks will be consider a bargain.
Shipping and Engineering Stocks to look out for bargain hunting this coming week:
Current/Potential after July
Rotary 1.01 / 1.3
Ezra 1.93 / 2.3
Midas 0.97 / 1.1
NOL 1.97 / 2.4
Yangzijiang 1.31 / 1.8
Cosco 1.55 / 2.0
The market condition in SGX is still fairly weathered, although we seen a drop of around 10% at the same time since the index hit a 14 mths high on mid April. This wave of bearishness were caused by panick selling as a result of the debt crisis in the Europe Region. Additionally, China's intention to increase their central bank's reserve ratio for the third time in 2010 only aggravates the whole situation. This coming monday we shall will see the policy being implemented and nonetheless there will be another wave of sell off in stocks.
However, do look out for stocks dumping to a 2010 low as such stocks will be consider a bargain.
Shipping and Engineering Stocks to look out for bargain hunting this coming week:
Current/Potential after July
Rotary 1.01 / 1.3
Ezra 1.93 / 2.3
Midas 0.97 / 1.1
NOL 1.97 / 2.4
Yangzijiang 1.31 / 1.8
Cosco 1.55 / 2.0
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