The Coming Crash (no later than 1H2012)?

(04-11-2011, 06:12 PM)Jared Seah Wrote: Hello Temperament!

I wonder how many parents will "support" their children like you do? What an inspiration!

Have a super weekend!

Hi SMOL,
Have a super weekend.

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(04-11-2011, 07:58 PM)WolfT Wrote: Hi temperament
For my case, able to save and manage money is not enough. I need to be able to create.
I must have 1mil cash by 35 of age.

Hi,
Seriously, if you can create 1 million cash by age 35, you don't need anybody's money. You will continue to create your own money. Maybe you are joking or your dad is?

There's some truth in it. How rich you are is relative.

Someone has to be poorer and a sucker so you are richer and enjoy their labour. Riches is not absolute.

Similar if whole singapore is Millionaire, someone has to be the sucker in the country inorder to keep the country humming on basic necessities which is why foreign labour comes in or you can outsource most of the service to another country. However since many thing cannot be done outside the country, and by natural distribution many singaporean will still be in poorer or sucker mode, you will have a problem when too many foreigner comes in, and stress your living. However PAP still Win election because they gather enough civil servants, military boys, new citizens, above median folks, "afraid" neutral voters (thru mandatory voting) and a number of suckers, to vote for them. ( Mandatory voting is bias against Opposition and is not a standard practise in most developed countries since it will force undecide voter or those who fear repercussion, to vote the incumbent gov.).

And this explain why Euro Zone has a problem. The poorer south host most of the suckers yet trying to live a life of early retirement promised by their elected gov in an environment with high cost of living affected by their northern produce strength due to EC zone. If EC are single country, the "EC Gov" still can Win Votes like PAP but they are in reality different country. No Gov can easily survive in a southern nation where so many people cannot sustain their lifestyle since the northern people(richer) do not get to vote southern gov.

And this also come back to China rescue fund if ever, will be one of the critical mistake, if made. Is just kicking the can down the road.
The chinese will lose all their moeny lend out, and in no time, Euro folks will ask for more money again. They are taking the chinese money just to buy time to enjoy more of their lifestyle and using Chinese hard laboured goods and resources, without getting their own hand dirty.

Austerity measure only comes when you really have no option and forced upon you. Lending them money give them the added option to have more time to continue to spend more only. I cannot believe my ears when the EC allow Greece to breakeven only after 20 years in their budget even with bailout funds. Someone will be a big time sucker and will only found out near Year 20th that is not working and burned your 20 years of saving.


Cory

The ever efficient moderator Kazukirai wants to move the discussions to another thread. But there are so many interesting ideas in this thread. Lets see what headings he will lump them under. I will facilitate his effort by splitting up my posts.

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".... if you can create 1 million cash by age 35, you don't need anybody's money...."

That is exactly the aim of the wise parents when they set the target.
Some second-generation can build on the wealth, some just live off it, and some squander it away.
Instead of focusing on the wealth, the wise parents cultivate the development of the habits.

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"... Mandatory voting is bias against Opposition and is not a standard practise in most developed countries since it will force undecide voter or those who fear repercussion, to vote the incumbent gov.)...."

If u did not turn up to vote, your name will be strike off from the registry and u will not be called for subsequent voting, ever. So the effect of mandatory on voting may not be so straightforward.

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"...There were students with good results that applied to digital media design studies. However, their competencies do not cover the ability to draw, design and conceptualize their thoughts on drawing board......These students would probably do very well in science and engineering fields but due to some influences, they had chosen a course that exposed their own shortcomings"

The real world is multi-disciplinary. If a student is very good in math, took all the math subjects and scored As in all the papers, his career paths is limited to teaching or writing research papers, because no company is going to employ such a person and give him math problems to solve everyday. The above-said students may not need to draw after they graduate, but the experience may be beneficial to their future jobs.
I do get your point about maximising ones potential but relax, we can only connect the dots looking back. The shortcoming may not be a shortcoming in future.

The real world is multi-disciplinary. (The all-rounder)

i know one person who is blessed with multi-disciplinary talent. She is serving her bond at GIC.
In history, we know there were such people though very few. Very good in all the things they were doing.

(05-11-2011, 01:52 PM)Temperament Wrote: The real world is multi-disciplinary. (The all-rounder)

i know one person who is blessed with multi-disciplinary talent. She is serving her bond at GIC.
In history, we know there were such people though very few. Very good in all the things they were doing.

I agree you need a multi-disciplinarian as a pre-requisite to be a good investor. There's one more critical factor though - emotions. No matter how intellectual you are, it's of no use unless you have the emotional maturity to invest under trying and stressful circumstances (which will surely come along during the course of your investing life).

(05-11-2011, 02:18 PM)Musicwhiz Wrote:

(05-11-2011, 01:52 PM)Temperament Wrote: The real world is multi-disciplinary. (The all-rounder)

i know one person who is blessed with multi-disciplinary talent. She is serving her bond at GIC.
In history, we know there were such people though very few. Very good in all the things they were doing.

I agree you need a multi-disciplinarian as a pre-requisite to be a good investor. There's one more critical factor though - emotions. No matter how intellectual you are, it's of no use unless you have the emotional maturity to invest under trying and stressful circumstances (which will surely come along during the course of your investing life).

Ah... Yes! Temperament, we should never forget whoever we are, in investment.

(05-11-2011, 01:52 PM)Temperament Wrote: The real world is multi-disciplinary. (The all-rounder)

i know one person who is blessed with multi-disciplinary talent. She is serving her bond at GIC.
In history, we know there were such people though very few. Very good in all the things they were doing.

In the world of science and engineering, you need nerds. Only through science discovery and engineering exploration can human race go beyond the current limitation.
The whole world were sadden by the demise of steve jobs.
But, another person,Dennis Ritchie, that had passed away a few days after steve jobs went largely unnoticed.
Without Dennis, can iphone exist?
Singapore education system rewards jack of all trades but typically penalized master of a single trade a lot.

A mathematical genius with poor language ability will probably go to normal stream after PSLE.

Yes, i think that's why until today our education system has not produced a Nobel prize winner. And our system also penalized very heavily on "late developer".

LOL! We are making life difficult for Kazukirai! (My suggeston is to leave it alone for a while and when the interest has died down, like WSreader has said, we can archive it to an appropriate thread)

I think this discussion is the beauty and attraction of this forum that keeps pulling me back

It's a bit like group therapy. We say what we feel and believe openly, and how wonderful we don't get laughed at or attacked in return!!! Different viewpoints are instead used to "sharpen" and "polish" our own strongly held beliefs and bias.

At the end of the day/discussion, we all walk our own paths home

If you abstain from voting, after you got strike off, there will be subsequent action taken against you if i remember correctly, as is an offence.