Trust Bank Singapore, New Digital Bank Freebies!

Image
Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving...
Post a Comment

Jeremy Grantham Stock Market Outlook 2009-2010

Jeremy Grantham just released his Q3 Client Letter (Just Desserts and Markets Being Silly Again) on his outlook on US Economy and Stock Market.



Hmm... is he hinting about a repeat of 1929 – The Last Hurrah and Markets Being Silly Again – after the sharp decline in the fall of 1929, the S&P500 rallied 46% from its November low, then fell over 80%.



Other key points to note:

  • It still seems a safe bet that seven lean years await us.

  • Fair value on S&P is now about 860. This places today's market (October 19) at almost 25% overpriced.

  • We face a seven-year future that almost everyone agrees will be tougher than normal.

  • We are nervous about a possibility of a major shock to Chinese growth (a one in 3 chance that a major China stumble in the next 3 years).

  • What will stop this market in the first few months next year? A combination of 2 factors:

  1. Disappointing economic and financial data will begin to show the intractably long-term nature of some of our problems, particularly pressure on profit margins as the quick fix of short-term labour cuts fades away.

  2. Slow gravitational pull of value as US stocks reach +30-35% overpricing in the face of an extended difficult environment.

  • On a longer horizon of 2 to 10 years, resource limitations will also have negative effect.

  • Before next year is out, the market will drop painfully from current levels. “Painfully” = starts at -15%. US market will drop below fair value, which is a 22% decline from S&P500 level of 1098 on October 19, 2009. I think history books will be happy enough with 666 of last March, probably slightly happier with say 550.

  • The irony is 9 months of weak economic data this year has been accompanied by a very strong market, so the strong economic data next year is likely to be accompanied by a weak stock market.


Comments

Post a Comment

Popular posts from this blog

How to Stop SA to RA Transfer at 55!

How to Stop SA to RA Transfer at 55! Your monies in CPF Special Account now earns 4% pa while your OA only earns 2.5%. But CPFB will empty your CPF SA into RA at 55. How can you stop this auto transfer of all monies in SA to RA at 55? Yes, you can do it because there is a big loophole created by CPFB policy makers. If you know the loophole and how to “protect” your SA funds (except 40k) from being automatically transferred to RA on your 55 th birthday, you can continue to earn higher interest of 4% on SA balances. Do I need to explain why having a higher balance in SA is better than a higher balance in OA after 55? One obvious benefit is you are “guaranteed” of a higher cash inflow from the 4% pa interest on SA which you can either withdraw every year or leave it in SA to compound and snowball into a bigger retirement fund. So what is the loophole and how can you “protect” or stop CPFB from transferring all your SA monies into RA? Click here to learn ho...
Read more

Economic Cycle vs Stock Market Cycle

Image
Do you know that Stock Markets are usually about 6 to 9 months ahead of the Economic or Business cycle? There are 4 stages in the Stock Market and Economic Cycles as follows: Stock Market Cycle vs Economic Cycle 1. Market Bottom vs 1. Full Recession, Trough 2. Bull Market vs 2. Early Recovery, Expansion 3. Market Top vs 3. Full Recovery, Peak 4. Bear Market vs 4. Early Recession Below is the Theoretical Model Diagram which clearly depicts the relationship between the Stock Market Cycle and Economic Cycle. (Click on the diagram to zoom out) Diagram with courtesy of StockChart.com It is based on Sam Stovall's S&P's Guide to Sector Rotation. It states that different sectors are stronger at different points in the economic cycle. Traders/Investors use this model to anticipate which companies will be successful in the coming stages of an economic cycle. Watching the economic conditions (ie consumer expectations, industrial production, interest rates and yield curve) might ...
Read more

Write Your Will for Free with OCBC Online Will Generator

Yes, finally we can write our own Will for free with OCBC Online Will Generator.  No need to worry, even though you did not pay a lawyer or Will writers to prepare your will. “OCBC Online Will Generator uses a basic Will template and has been prepared upon the advice and with the assistance of Hin Tat Augustine & Partners and does not necessarily deal with every important topic or nor cover every aspect of the topics with which it deals. The Online Will Generator is intended for general use only and does not contain or convey any legal or other advice. You should seek legal advice from appropriately qualified lawyers for more specific Will requirements (e.g. Islamic law, persons under 21, not residing in Singapore etc.).” My sister has a simple will to write. With all the information provided by her, I helped her input into the OCBC Online Will Generator. Bingo, her Will was generated in PDF format. Though her Will is simple, we still find some co...
Read more