Tag Archives: Investment

SCAM INVESTMENT FIRM CHEATS SINGLE MUM OF $30,000 MEANT FOR KIDS SCHOOL FEES

I first got to know the company Cufflinks Holdings through a good friend. She told me that she invested around SGD 100K with this company in a Condotel project in Philippines and has been getting dividend monthly for the last 6 months. I did received the dividend for the first 3 months amounting to SGD300 – 400 each month and received regular newsletter. But at the fourth month the dividend payment stopped and also the updates.

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DIVERSIFY YOUR INVESTMENTS PORTFOLIO, DO NOT FALL PREY TO EASY SCAMS

I refer to the article “Wine investors cry foul over dealings with 2 companies” (Straits Times, Oct 4). It states that “According to the Consumers Association of Singapore (Case), between Jan 1, 2009 and Sept 18 this year, it received 66 complaints against AWI, TBW and Emily’s Fine Wines, a retail and wholesale firm linked to TBW.

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MARKETS HAVE CRASHED, NOW WHAT?

As I am writing this article – I had just done an hour’s interview for a documentary on the Mini-bonds saga in 2008. About 20,000 investors invested an estimated a few hundred million dollars. Vulnerable investors (age 60 and above with low education) got all their money back, whilst the majority of the other investors received partial refunds. After being questioned for an hour on – why did this happen? Who was responsible? Will it happen again? – You can imagine my frame of mind as I am writing this article.

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SINGAPOREAN WOMEN MORE DESIRABLE BUT A BAD INVESTMENT FOR LOCAL MEN

There are talks about foreign women scamming Singaporean men. Foreign bride scandals and prostitute’s honey trap. The supply and demand for sex is constant throughout human history. I have a theory to explain why this is happening in Singapore; Singapore’s system wants to protect women. All women regardless of race, language and religion, unfortunately it also gives incentive for exploiting Singaporean men.

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GIC EARNS 6.1% RETURNS BUT CPF INTEREST RATES FOR S’POREANS REMAIN LOW?

According to its latest annual report released on Thursday (Jul 30), it has generated an average annual real return of 4.9 per cent for the 20-year period ending March 31, 2015. This marks an increase from the 4.1 per cent it reported a year ago for the 20-year period ended in March 2014. What is the annualised return in S$ in real and nominal terms for the last 20 years, and since the inception of GIC?

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LACK OF STATISTICS STOPS S’POREANS FROM MAKING PROPER CPF INVESTMENT

As an analogy – if we invest periodically, sell some of our investments periodically – and you only tell us the returns of those that we have sold but not those that we are still keeping – how do we know whether overall we are making money or not? And then you tell us the returns of “funds” for this year only, without the returns in history – how do we make a meaningful comparison with our investments?

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ISKANDAR INVESTORS JITTERY AS LARGEST MALL PROJECT HITS SNAG

Malaysian developer UEM Sunrise recently made an announcement to the media that it has stopped all plans to build the Asian Trade Center development in Iskandar Malaysia. This has sparked jittery reactions from investors, who note that UEM Sunrise's stoppage is the first major project in the region to fall through. UEM Sunrise did not give a reason for the decision.

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INVESTORS: SMRT, SBS TRANSIT IS ALREADY OPERATING BEYOND ITS CAPACITY

A foreign operator beating out SMRT and SBS Transit, along with a host of other hopefuls, to nab the first package of bus routes put up for tender might have left the two incumbent public transport operators disappointed, and led to some transport analysts describing it as a “wake-up call” for SMRT and SBS Transit. But as far as investors and market watchers are concerned, the failure to land the contract was a boost to the two public-listed companies: On Monday (May 11), the first trading day following the announcement last Friday after market hours that United Kingdom-based Tower Transit won the contract, the share prices of both SMRT and SBS Transit went up.

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IS GIC USING OUR CPF MONEY ON TIKAM-TIKAM MONEY-LOSING INVESTMENTS

GIC invests surplus tax dollars and CPF monies but continues to have a huge issue with transparency. Parliament becomes a joke when even MPs do not know where our reserves are invested by GIC. After scrutinising a list of its investments, it appears that GIC, run by bureaucrats, manages our funds using a ‘tikam-tikam’ investment model. I will highlight a few ‘underwater’ investments in this post.

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Government must disclose billions in CPF/GIC foreign exchange losses and market value of investments

The Singapore currency has been appreciating against almost all currencies during the last decade. As such, there are billions in unrealised forex losses. The government has tried very hard to prevent its disclosure. The PAP government would of course insists this is merely speculation. Why then doesn’t it quash the speculation with transparency at GIC? The answer is ‘it cannot’ because transparency will prove the above is not speculation!

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