Archive | Reflections and Musings RSS feed for this archive

MF Global Singapore to be wound down – The Straits Times, 2 Nov 11

 Anxious investors swarm Singapore office Summary: The Singapore operations of a Wall Street brokerage that has collapsed as a result of the European debt crisis are to be wound down. Accountancy giant KPMG has been appointed as the provisional liquidator to oversee the process, the firm MF Global Singapore said last night. Its parent, MF Global, filed […]

Leave a Comment Continue Reading →

Laguna Park, Henry Park Apartments up for collective sale – Channel News Asia 31 Oct 11

Laguna Park at Marine Parade Road is up for collective sale with a reserve price of S$1.25 billion. Together with Henry Park Apartments, which is also up for collective sale at between S$170 million and S$180 million, the total value of properties that have come up for sale in October has hit close to S$5 […]

Leave a Comment Continue Reading →

Have Property, May Not Profit – Sunday Times, 16 Oct 11, Invest Section, Page 37

Last Sunday, there was an interesting article about investing in property market in Singapore: Have property, may not profit – Sunday Times, 16 Oct 11, Invest Section, Page 37 In this article, the author, Mr Goh mentioned that he had met up with some old friends who are property investors, and they were musing about their […]

Leave a Comment Continue Reading →

Little-known trader made billions from sub-prime bust

THE big losers in the United States sub-prime crisis are well-known – Citigroup, Merrill Lynch and UBS. But probably the biggest winner is Mr John Paulson, a little-known hedge fund manager who made an estimated US$3 billion to US$4 billion (S$4.3 billion to S$5.7 billion) for himself from the crisis – believed to be the […]

Leave a Comment Continue Reading →

Time to redraw your retirement plan

Longer life expectancy and erosion of traditional pension schemes signal that retirees may outlive their assets, says KURT REIMAN RETIREMENTS are becoming ever longer and more costly. Pensioners need to save enough to fund a comfortable life and to ensure they can leave assets to the next generation. Retirement, in its current form, will soon […]

Leave a Comment Continue Reading →

MONEY MATTERS – Never react to market chatter

Investors tempted to flee the US stock market, given the bad news coming out of America, might do well to reconsider THERE has been no dearth of sensational headlines relating to the financial world in the media over the past few weeks. Oil prices are fast approaching US$100 per barrel. Financial institutions are taking accounting […]

Leave a Comment Continue Reading →

Time to raise the $8,000 income ceiling for HDB flat buyers?

THE economy is booming and property prices are heading north. Although the housing market moves at a frenetic pace these days, one thing has stayed the same for more than 12 years now – the $8,000 ceiling on monthly household income for those buying new Housing Board flats. Of late, some people have wondered if […]

Leave a Comment Continue Reading →

A Wall Street trader draws some sub-prime lessons

SO right after the Bear Stearns funds blew up, I had a thought: This is what happens when you lend money to poor people. Don’t get me wrong: I have nothing personally against the poor. To my knowledge, I have nothing personally to do with the poor at all. It’s not personal when a guy […]

Leave a Comment Continue Reading →

The rich get more, so the poor want more

INCOME INEQUALITY IN THE U.S. BETWEEN 1949 and 1979, incomes across all classes in the United States grew at about the same rate of 3 per cent a year. The before-tax income of the bottom 20 per cent of households increased by 116 per cent over those three decades, that of the median households by […]

Leave a Comment Continue Reading →