Tuesday, October 10, 2017

DJIA 7thYear Itch -Will 2017 be Itchy? (Part 3)

Coming up is Friday the 13th October 2017!

It is a PI day!   3.14 x 1000 = 3140 days from DJIA bottom on March 9 2009!

Just noticed that Saturn will be in the same degrees (on the next day) as it was when DJIA topped on Sept 3 1929. That was the same degrees Uranus was at when DJIA crashed on Oct 20 1987.  (planet positions are estimates provided by software available on the internet).

Friday 13th October 2017 is a Water Rooster Day in the Metal Dog Month. 


Friday, September 29, 2017

DJIA 7thYear Itch -Will 2017 be Itchy? (Part 2)

Major cycles converging in September/October 2017:

1.  10 year cycle: Dow major top in October 2007 to September/October 2017

2.  15 year cycle: Dow major bottom in October 2002 to September/October 2017

3.  17 year cycle: Dow major top in 2000 to September/October 2017

4.  8.5 year cycle:  Dow mahor bottom in Mar 2009 to September/October 2017

At least one of the cycles can fit into Lindsay's long term patterns and the 3 Peaks and Dome House.


Sunday, August 27, 2017

DJIA 7thYear Itch -Will 2017 be Itchy?

Take a look at DJIA history for the past 130 years, for years ending with 7, see the following past 13 times (source: Leuthold Group)

Now take a look at the average trend for years ending with 7 below (source:Leuthold Group)
We are now in a potentially danger period from August to Nov 2017. I will pay particular attention to 30 year and 60 year cycle.

Friday, October 16, 2015

Withdraw CPF Medisave Savings above MMS by Dec 15 2015

For those above 55 years old, here is the last chance for you to withdraw your Medisave Account Savings above the current MMS (ie $43,500). You must submit your applications to the Board by Dec 15 2015.

However, because CPF has a special method of refunding balances in MA/SA/OA, it will be better for you to first submit a request (email) to CPF to calculate the amount you need to withdraw such that your MA balance will be reduced to $43,500. Then send a formal request online or by post using the withdrawal form to request the withdrawal.

CPF actually calculates interest on MA/SA/OA up to month of withdrawal, these will be refunded first, followed by other amounts. The formula is not disclosed at the website yet, oops, at least I cannot find, hahaha

Oops, there is no formal announcement by CPF Board nor is above written on the website. However, some information are hidden in the withdrawal form, take a look at the form at the website.

Thursday, October 15, 2015

Medishield Life vs Integrated Shield Plans

With the implementation of Medishield Life next month, would I still need my NTUC Enhanced Incomeshield Plan?

Two weeks ago, I had a fall and was sent to SGH A&E by ambulance. Doctors identified a dislocation of my hand at the left shoulder and managed to fix it back for me. Also had a big “bualuku” on my forehead, haha, it is still there now, but subsided somewhat with blueblack mark still there. Last week, doctor found a small fracture at my arm joint location.

I stayed at the observation ward for 1 night, was discharged next day noon, exactly 24 hours from admission. SGH submitted hospitalisation claim to NTUC, now waiting for NTUC to approve the claim. I guess I would be able to claim under NTUC Enhanced Incomeshield Plan (NEIP) for staying at least 24 hours in hospital. Should the claim fail, I would have to pay using my CPF Medisave account.

If I can claim under NEIP, how would I benefit:

  1. I'm covered by a rider which gives me 100% coverage, ie I dun have to pay a single cent for hospitalisation expenses. Under Medishield Life, I would still have to pay for deductibles and coinsurance.
  2. If I stayed at C ward, I'll be paid a daily cash benefit, as I'm entitled to B2 under NEIP.
  3. Now I have to pay SGH SOC for periodic followup checkups and physio. I can claim under NEIP for all outpatient expenses 90 days post hospitalisation. Medishield life does not cover this aspect.

So, I'll still keep my NEIP. However, yearly premiums are increasing. Until my medisave account gets almost depleted or when I reach 75 or 80 or thereabouts when premiums become so high, I'll terminate it and just live with Medishield Life. As by then, I'll enjoy higher hospitalisation subsidy from the government, hahaha.

(Oct 16 - received letter and cheque from NTUC, payment made to SGH and cheque is my daily cash benefit.  Thank you NTUC)

CPF Life Plans: Basic or Standard?

  1. A lower monthly payout is not a major concern for you.
  2. You have max Full Retirement Sum (FRS) in your Retirement Account (RA).
  3. You still have more than 60k in OA/SA/MA.
  4. With or without dependents.

When the CPF Life scheme was first started and my brother was required to make a choice, I advised him to opt for higher monthly payout as his income was/is low. He only has one child and I told him he need not worry about bequest to him as he should know how to take care of himself. At that time, I did not study the scheme in detail, only comparing monthly payouts and bequest amounts.

Now I study the plans in detail.

Under The Standard Plan:

1.  If I do not have dependents and should I die early after joining CPF Life, I do not mind donating my money under the Standard Plan to fellow Singaporeans in the CPF Life Pool since my beneficiaries will get less or nothing in bequest monies.

2.  However, should I not die early but instead suffer from a medical condition which causes me to be permanently unfit for any employment, to have a severely reduced life expectancy, or to be terminally ill, I would want to get more money back when exiting CPF Life. But under the Standard Plan, this is not possible as you can see from the lower Bequest Amounts you can get. The key reason why we will be getting a lower Refund Amount is the interest earned on CPF Life premium contributions, extra interests earned on CPF balances (first 60k) and CPF RA will remain in the CPF Life Pool: these are not considered your money when u exit. (hahaha, we dun know how they pay you back in the monthly payouts)


I have prepared a table below to summarise the above, highlighting the key differences between the Basic Plan and the Standard Plan. I'll base my decision, not on the monthly payout amount, but on more money back should I need to exit from CPF Life. CPF Life is an insurance plan, so it should do what it should do, ie provide me with funds when I need it most when I exit, not just monthly payouts. Choose the Basic Plan!

(CPF Board allows changing of plans now, you have to cancel CPF Life then rejoin at age 65. However, if the above assumtpions dun apply to you and you have been on CPF Life for some years, it might not be worthwhile to change now.)

Tuesday, September 15, 2015

Elliott Wave Theorist August 2015 PDF (Free)

Dear reader,

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Because they were prepared. Elliott Wave International prepared them for the 2007-2009 crisis, and they did it again. In fact, in the calm of Aug. 18, Bob wrote a sharp critique of the U.S. stock market in his newest Elliott Wave Theorist, in which he said to expect market "pandemonium." (His commentary was published the following day.)
"as shown in this issue, time and price factors call for an immediate end to this dream state. When the alarm goes off and the dreamers awake, it will be pandemonium in the stock market. As the next few charts show, time and price have run out of room. Together, these time and price events seem finally to have cleared the way for a stunning decline in US stock prices."
That's just a taste of what Bob predicted in this critical issue. You need to see the rest for yourself, and now you can.

Our friends at EWI have given us permission to share Bob's FULL August issue of The Theorist. Free. Read all 10 pages and see all 15 charts!

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Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.

DJIA 7thYear Itch -Will 2017 be Itchy? (Part 3)

Coming up is Friday the 13th October 2017! It is a PI day!   3.14 x 1000 = 3140 days from DJIA bottom on March 9 2009! Just noticed that...