Ah_dude Neutral Newbie February 11, 2009 Share February 11, 2009 all losses are irrelevant....why ? 1) becoz they are paper loss...as long as we don't liquidate them..then it's ok 2) becoz we are taking a 20 yr position.....(if it keep worsing, maybe we will take a 30 yrs position so that the overall annualise return is still RESPECTABLE )..... ↡ Advertisement Link to post Share on other sites More sharing options...
Little_prince Supersonic February 11, 2009 Share February 11, 2009 haiz... our cpf money down the drain... Link to post Share on other sites More sharing options...
Parkwalker Clutched February 11, 2009 Share February 11, 2009 Possibly this Link to post Share on other sites More sharing options...
Christan Turbocharged February 11, 2009 Share February 11, 2009 all losses are irrelevant....why ? 1) becoz they are paper loss...as long as we don't liquidate them..then it's ok 2) becoz we are taking a 20 yr position.....(if it keep worsing, maybe we will take a 30 yrs position so that the overall annualise return is still RESPECTABLE )..... They are always saying that the investments they keep putting in is for long term. Does that mean the $ won't be used even if we need it now? So if worse comes to worse we have to eat grass instead of rice as the investment will return good money only in 20 years time Link to post Share on other sites More sharing options...
Karoon Turbocharged February 11, 2009 Share February 11, 2009 CPF monies gone up in smoke? next CPF withdrawal age will be in the 100s? or GST become 10%? more ERP gantries and higher ERPs? more bus lanes with the intention to create more traffic congestion so as to reconcrete their decision to build more gantries? more good years ahead! you got your wish. Mr Goodyear is here to take over temasek. :D (maybe ah goh knew this a long time ago that's why he mentioned it) Link to post Share on other sites More sharing options...
Schneider79 Clutched February 11, 2009 Share February 11, 2009 GIC has more reserves than out SWF ? I thought singapore's SWF is around 220b and GIC is 550b !!! Link to post Share on other sites More sharing options...
Taggy 1st Gear February 11, 2009 Share February 11, 2009 Nation is one of the bangkok english newspaper. The other one is Bangkok post. Link to post Share on other sites More sharing options...
Taggy 1st Gear February 11, 2009 Share February 11, 2009 The Nation Link to post Share on other sites More sharing options...
Acemundo Supercharged February 11, 2009 Share February 11, 2009 correct. i still remember some stocks invested, even though hold for donkey years also cannot break even. some paper loss can be recovered, other paper loss cannot be recovered. Link to post Share on other sites More sharing options...
Osiris 1st Gear February 11, 2009 Share February 11, 2009 Goodyear began his career as an investment banker at Wall Street brokerage, Kidder Peabody, advising companies on mergers, acquisitions and financing. I think we are in better hands than HC. This guy has been doing M&A while HC was just leading a technology form. being smart is 1 thing, having an acumen is another. Link to post Share on other sites More sharing options...
Ixiz Clutched February 11, 2009 Share February 11, 2009 They are always saying that the investments they keep putting in is for long term. Does that mean the $ won't be used even if we need it now? So if worse comes to worse we have to eat grass instead of rice as the investment will return good money only in 20 years time Well ...isn't that what most Singaporeans are going thru ? Spending on Advance Credit ...monthly just pay the minimum sum ...Cars loan to serviced ...etc . Whereby need to worry tomorrow still got money to eat ...petrol to pump ....children to feed BUT ...Having hundreds of thousands in the CPF which you can see in your monthly statement but cannot touched....Ironical isn't it ?? Sometimes i am wondering ...if one who is without parents , siblings and offspring ... but unfortunately that person die of Hunger before he reaches the requirement age to draw money ...where does the money in the CPF goes to ? Some Charity ? or contribute to some other person bonuses ?? or would they make a "golden" coffin for the person to be buried in ?? Link to post Share on other sites More sharing options...
Genie47 1st Gear February 11, 2009 Share February 11, 2009 Goodyear began his career as an investment banker at Wall Street brokerage, Kidder Peabody, advising companies on mergers, acquisitions and financing. I think we are in better hands than HC. This guy has been doing M&A while HC was just leading a technology form. being smart is 1 thing, having an acumen is another. He is the real Charles Goodyear. As in having the name of his great great grandfather who runs the lumber business then. Link to post Share on other sites More sharing options...
Donut Supercharged February 11, 2009 Share February 11, 2009 now u know why that pretty auntie resign...... Link to post Share on other sites More sharing options...
Hiphiphoray 6th Gear February 11, 2009 Share February 11, 2009 Give subsidies to citizens got budget. Investment no budget. Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 11, 2009 Share February 11, 2009 Goodyear began his career as an investment banker at Wall Street brokerage, Kidder Peabody, advising companies on mergers, acquisitions and financing. I think we are in better hands than HC. This guy has been doing M&A while HC was just leading a technology form. being smart is 1 thing, having an acumen is another. What being smart? ..what is this thing called acumen? You don't seem to get the message...it's ppl like these..that starts from some Wallie Street is why everyone is affected by the whole gloomy thing except themselves! Link to post Share on other sites More sharing options...
Ahbengdriver 6th Gear February 11, 2009 Share February 11, 2009 (edited) so is the ceo of gic stepping down. WTF...this sucks man. long stocks but dont they ever thot of hedging by shorting stock index? Well not much u can expect fro, someone with engineering background. Bo HO liao. Edited February 11, 2009 by Ahbengdriver Link to post Share on other sites More sharing options...
Osiris 1st Gear February 11, 2009 Share February 11, 2009 well then, easy problem just gather all the wall streets exec and gas them. Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 11, 2009 Share February 11, 2009 Then Temasick will have nothing to buy! ...... ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Woman stranded after JB workshop loses her car keys: 'I will not go to M'sia for repairs anymore'
Woman stranded after JB workshop loses her car keys: 'I will not go to M'sia for repairs anymore'
Pets' Lost and Found
Pets' Lost and Found
Disputes between neighbours - A True story
Disputes between neighbours - A True story
Old WW2 Relic disposals
Old WW2 Relic disposals
Those how have FAT belly please read this
Those how have FAT belly please read this
This ship is sch...loooOOOooong.
This ship is sch...loooOOOooong.
33 year old commit 1billion fraud
33 year old commit 1billion fraud
AutoSaver - Is this recommended workshop
AutoSaver - Is this recommended workshop