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01-09-2012, 04:42 PM
(This post was last modified: 01-09-2012, 04:46 PM by ValueBeliever.)
GFC - I held on to Kim Eng. Even when it went up and down. In fact some stock I bought is still underwater, eg. Guthrie. But thankfully, dividend over the years more than compensate for the down. Now Guthrie NTA is above my 73cts price, only 2lots. Just tikam. Kim Eng in Asia crisis drop to as low as 90cts and yet I didnt sell. Held on - year after year more dividend.
Now in the market there is no more stock broking house listed? In fact as more and more good Co. are taken private, SGX is hollowing out on good value play. I believe slowly SGX will be filled with Crappy Co. that you would think VERY CAREFULLY about putting CPF money at risk!
As warren said, everything about the Co. is actually management. We have good Co. here but mgmt all try to keep the money for themselves. Take New Toyo, good busines, Co but mgmt sucks! Or San Teh, try all means to take private or may be even depressed the share price?? and give way too much dividend in 1 go? Such is the way mgmt behave, you wonder what is their motive.
So in short, if you invest CPF money, they still pay you interest if you withdrawl for investment, so when you return your money to them, be sure that you wont owe CPF interest? Its very complicated, you get cheated you dont even know? But best - make sure you make more money than the interest paid by them and your return on shares exceed their interest cover. Its sort of like using your own money and paying your own interest but the money you make better exceed the interest they already put in. Then whatever is left is yours for them to set aside for minimun sum.
ie. The more you make, the safer the risk of inflation (indirectly hit as your money get locked away) imposed by gov/cpf or if you hate them ever more GIC/TMSK performance deteriorated. Imagine we paid billions to these people and they fail to perform!! Everytime they fail to perform, they find some excuss to put it on account of inflation, and lock more of your CPF away! The system is really terrible, worst than the west pension scheme!! Triple whammy!
Now in the market there is no more stock broking house listed? In fact as more and more good Co. are taken private, SGX is hollowing out on good value play. I believe slowly SGX will be filled with Crappy Co. that you would think VERY CAREFULLY about putting CPF money at risk!
As warren said, everything about the Co. is actually management. We have good Co. here but mgmt all try to keep the money for themselves. Take New Toyo, good busines, Co but mgmt sucks! Or San Teh, try all means to take private or may be even depressed the share price?? and give way too much dividend in 1 go? Such is the way mgmt behave, you wonder what is their motive.
So in short, if you invest CPF money, they still pay you interest if you withdrawl for investment, so when you return your money to them, be sure that you wont owe CPF interest? Its very complicated, you get cheated you dont even know? But best - make sure you make more money than the interest paid by them and your return on shares exceed their interest cover. Its sort of like using your own money and paying your own interest but the money you make better exceed the interest they already put in. Then whatever is left is yours for them to set aside for minimun sum.
ie. The more you make, the safer the risk of inflation (indirectly hit as your money get locked away) imposed by gov/cpf or if you hate them ever more GIC/TMSK performance deteriorated. Imagine we paid billions to these people and they fail to perform!! Everytime they fail to perform, they find some excuss to put it on account of inflation, and lock more of your CPF away! The system is really terrible, worst than the west pension scheme!! Triple whammy!