Dennis Ng has passed away

[Drizzt]

there are chinese sinseh that can detect whether you are susceptable to heart attack. my former sinseh say all else neutral, it should be heart attack that takes away my life.

[WolfT]

RIP Dennis

I can still rem him during wallstraits forum era when I am just beginning to learn to invest.
没有健康,赢了世界又如何...

[brattzz]

RIP in peace.

I also remember Dennis from the old wallstraits forum.

He did good and do share generously.

[koh_52]

What happen to those funds he managed?...rem he push hard for (UK) TEP & land banking.

He has good instinct in property investment...he predicted market will go underwater by 2012...

His housing loan business was quite successful, which manage by his wife.
Below are some of his articles, that I save in my files:
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With inflation at 5.2% in Singapore now, borrowers gain and savers lose.

I pay 1% interest on my property loan for an investment property, means I gain 4.2% per year becos of inflation.

A person who save money in bank earning 1% interest actually lose 4.2% per year becos of inflation.

The middle class save money and try to be debt free.
The Rich Borrow to become Richer.
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it is highly likely that overall market trend has reversed from Uptrend to Downtrend.

In my opinion, QE3 (3rd round of printing of money by U.S.) would be announced soon.

When QE3 announce, what are the possibilities?

2 Possibilities:
1. Stock Markets might stage a recovery and make a last Rally to break the Previous high.

2. Dead Cat Bounce
The other possibility is that becos Market Confidence have already been lost, even if QE3 comes, it might only result in a Dead Cat Bounce, and markets will still Crash...

P.S. Dead Cat Bounce is a common market lingo, it means that if a cat is thrown from a high floor, even if the cat dies, it will still bounce when hitting the ground, not that it is alive though...

In this scenario, the 3,313 highest point reached in Nov 2010 would be the highest point in this round of the Stock Market Cycle instead.

Based on analysing past Bear market, markets can fall 50% or more, so STI can fall as low as 1,656 in the coming Bear Market if 3,313 is the High, or another 40% from current levels of about 2,700 points.

As the days go by without announcement of QE3, in my opinion, scenario 2 seems to be more likely than Scenario 1.

Just sharing my personal comments and I'm NOT here to provide any investment advice or stock investing tips.
I think the Global Financial Crisis is hitting us really soon....time to raise Cash level. My cash level is now about 49% and planning to raise my Cash level further.

Anyone who want to take Equity Loan better apply now before Banks tighten lending criteria in a Crisis.

I always tell people that Loans are like insurance, you need to get it when you don't need it. If you need it and you don't have it, you cannot get it.

Trust my words, I worked 7 years in Corporate Lending from 1993 to year 2000, I know what I'm talking about. NO other seminar Speakers who conduct seminars on Property have the benefit of the Corporate Lending experience I had.

yes, equity loan on property is to extract Cash (Equity) from one's property, conditions apply:

1. only Private properties possible, HDB flats, even if fully paid, cannot get Equity loan.

2. The current Market Value of the Property must be higher than the current loan outstanding.

eg. Market Value of Property S$1,500,000
Loan outstanding is S$500,000.

Can increase loan to max 70% to 80% of Market Value (I suggest 70% to be prudent) or = S$1,050,000.

So in this case, additional loan of S$550,000 can be obtained (of course one's income and existing loan obligations would be considered before loan approved).

If any CPF used, eg. CPF used is S$300,000, then CPF used will be deducted and reduce the amount of Equity loan available:

Equity Loan available S$550,000
Less CPF used S$300,000
Equity Loan Granted: S$250,000.

Hope this clarifies.

The interest rate on Equity Loan is same as Housing Loan and is currently about 1% only. Even if interest rates on Housing Loans go up to say, 4%, paying 2 years of interest (downside) is only 8%. However, any investment made in Crisis, typically returns can be easily 50% to 100%.

As I often mentioned, the average wants to pay off their debts. The Rich Borrow to Become Richer.

I currently have about S$1.5 million Cash and my total outstanding loans on 2 properties is S$970,000.
_________________=====================================
Most people are stuck as Middle Class becos they have middle class thinking and have little Financial Knowledge.

Learn to Think like the Rich.

Learn to Invest like the Rich and you'll become Richer.

I did that and that's how I became a multi-millionaire myself.

I have S$1.6 million Cash currently and total of S$970,000 in Property Loans.

I don't use my cash to pay off my Loan becos my Cash is Opportunity fund, when Crisis comes, I can easily use S$1.6 million to buy assets/shares worth S$3.2 million or more today.
Hi all,

some of you might remember that I said that it'll be a matter of time Italy and Spain might get into trouble, and when it finally happens, Euro zone might be disbanded (disintegrated).

In my opinion, looks like this is likely to happen in year 2012...

Eurozone represents this "Something for NOTHING thinking and attitude"...these countries wanted to band together to have the benefits of banding together but they do NOT want the downside or costs of the "marriage"...Germany wants to exert great influence on the World Stage (2nd to U.S.) by forming Euro and being its "unofficial" leader, but does NOT want the economic burden and risks of being tied to their "brothers" in Euro zone.

Such thinking, if it was the basis of the formation of Euro, mean that Euro is doomed to fail from its start. It is just a matter of time, Euro will be disbanded, just my personal opinion.
risk of Hyperinflation...

http://www.youtube.com/watch?v=IMBgCl-khp8&NR=1
As I have mentioned many times, the next Global Financial Crisis would be worse than the last one in year 2008...it'll be more prolonged and steep...and actually, the NEXT Global Financial Crisis might have already started...just that things are still NOT too bad now that few would notice its arrival...


But warning signals that all is NOT well include major countries reporting slower economic growth, stock markets falling by close to 20%, Gold prices going up by US$400 in 2 months to US$1,900 (now correcting back to possibly US$1,700)...

What assets would do well in a Stagflation?

Real Assets...including Gold/Silver/Oil..anything Real...becos the Value of each dollar goes down, so the prices of Real Assets go up. This is taught in my Stock Seminar, please refer to the seminar notes. My Seminars are the ONLY ones that teach people what to do in the Next Global Financial Crisis.

So how will property as a real asset fair if the economy is in such depressed state ?

depends, if inflation is higher than weak economic growth, property prices might hold steady or even rise. This is why I own 1 investment property currently (just 12% of my wealth though). I own 7% silver and 2% in Gold. I also have 7% invested into UK Endowment which provides 90% Capital Guarantee even in the worst case scenario of the collapse of UK Insurers in a Crisis. I currently also have 52% in Cash (standby to bargain hunt after stock prices Crash) and 13% in Stocks as well.

Real Investors always factor in possibility that we may be wrong, and we plan our Investment Portfolio accordingly. My investment portfolio is planned in such a way that it is ALL Weather Proof, that I'll be financially ok whether it's inflation, stagflation, recession or depression.

Is your Investment Portfolio ALL Weather Proof? If you want to find out more about UK Endowment, you can email to info@tradedendowment.com or call us at 6883 2235.
12% of investment property
7% silver and 2% in Gold.
7% invested into UK Endowment
52% in Cash (standby to bargain hunt after stock prices Crash) and
13% in Stocks as well.
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30 May 2011

I'll share another sign of a Possible Peak in Property Market...

this is when more and more people start to think "Singapore property prices can only go up"...

In 1980s....there's one group chanting this...it's called the Japanese, before the bursting of the Japanese Asset Bubble in 1989...

In 2000s....there's another group chanting this...it's called the Americans, before the bursting of the Sub-prime Loan and Property Bubble in year 2007...

In year 2011...now there's another group chanting this...it's called the Chinese in China...before the bursting of the Shanghai and [b]Beijing real estate bubble in year 2012...[//b]

I seem to hear more and more Singaporeans chanting this as well...

They seem to ignore some facts:
1. over 50,000 New condos to be completed in year 2012, 2013 and 2014...while average demand for condos in Singapore is about 8,000 to 10,000 units. Last year's Highest Record in History is 15,000+.

2. Khaw Boon Wan who just took over as Minister of National Development is going to increase supply of New HDB flats in year 2011 from (what Mah announced 22,000) to 25,000...and vow to build even more in the next few years...

3. Khaw announced he may build another 25,000 HDB flats for rental...

So supply is coming on stream in the next few years...if the increase in Supply coincide with a Global Financial Crisis and the resulting drop in demand, what is likely to happen to prices?

What more, if interest rates in U.S. spike up due to Crash of U.S. government bond markets, then interest rates in Singapore also likely to go up, and Rental rates likely to drop with more supply...What is likely to happen to prices?

Investing is NOT gambling, it is about taking calculated risks, it is about taking action (investing) only when the Risk/Reward tradeoff is in our favour, when Upside potential is at least double that of Downside risks...it's certainly not playing poker (as according to Sunday Times' Deputy Editor, Dennis Chan).
My outlook for property prices

All in all, I do not see the possibility of Singapore property prices falling much in the next six to 12 months as we still have a tight supply situation within this period. Most of the 25,000 new HDB flats announced by Minister Khaw Boon Wan to be built in year 2011 would probably only be completed in year 2013 at the earliest.
Next year, Minister Khaw again promised to build another 25,000 new HDB flats. So I worry that there might be an over-supply of new HDB flats in year 2013 and year 2014, especially if it coincides with a slowdown in the Singapore economy. By 2013 we might be in the midst of a global financial crisis.
Year 2013 and year 2014 will also see over 30,000 units of new condos being completed, so there might be an over-supply situation in condos during the same time period as well.
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[Bibi]

Gosh. i am sadden this news. He is not a bad person though didnt get along well with some members here. He must have worked too hard.

[pianist]

he was a good man, and a loss to our nation.

[arthur]

I am deeply sadden by Dennis demise. Gosh.. abit wanna tear.

Remember the times in original WallStraits Forum when somehow he got alot of negative rep points just bcos some crazy fellows do not like his tone and attitude used in his postings.
They even went as far as to become new members so as to add on to his negative points.

Yet.. he is a member with among the highest, if not the highest postings everyday, every week.

I recalled one of the most impressionable thing he left for me is the term "Öpportunity Fund'.
Simply, a fund that allows us to take opportunity whenever it occurs.
Sounds very simple, yet when times are good, most ppl dun even hv a single cent in their Opportunity Fund bcos they are fully vested. How can they take advantage of any bargains that comes along the way then?

If I could find any consolation from this forum, it is that Dennis has never left us.
I have strong evidence that he has always monitored our forum posts as a silent observer.
Perhaps we can say Valuebuddies members has helped him in some ways, each and everyone of us.

Rest in peace Dennis.
You will be missed terribly by your graduates and your friends in the forums you have contributed and touched.

May all beings be well and happy and may the Triple Gems be with you always.
Sadhu Sadhu Sadhu

[Contrarian]

> From my very limited knowledge in taichi, the classic taichi's clans
> are “陈” and "杨". "吴“ is less known.

Yes I started with Yang. Did for 10 years.
Then a friend suggested I check them out. This group is really something, the teaching is very detailed and meticulous.

> TCM is a topic i interested. It allows me to have better
> understanding of health eco-system. By practicing TCM
> recommendations, it had improved my "decaying" body a lot.

Exactly right... with TCM and taichi, can age peacefully and avoid hospitals and even clinics, easily.

---

there are chinese sinseh that can detect whether you are susceptable to heart attack. my former sinseh say all else neutral, it should be heart attack that takes away my life.

Yes that is true. By feeling your pulse, look at the finger nails, are leading indicators.

Everyday of 30-45mins brisk walking or 1 hour of swimming, do wonders to health, blood circulation. And that is something the body needs, but our humans always ignore...

[Vseeker]

so young, only 43... his children should be quite young too.
May God bless him and his family. May they find peace & solace.


for us investors (esp. those with vulnerable dependents),
it's timely reminder that it's not good enough just to have a solid portfolio that can out-survived the next few recessions
=> must also ensure that in case ourselves not around,
beneficiaries must at least have some ideas, on what to do with the portfolio we left behind - and not just anyohow dump away in the basements of mkts !!

[Jacmar]

I think his departure serves as a timely reminder to all of you in this forum and those striving to achieve financial independence. From his past post, to him every expenditure is a cost and benefit analysis like a true value investor. He sited many examples like of how would not buy a car and rely on public transport etc. I hope he didn 't forget to stop and smell the roses along the way in achieving his financial independence. Life can be cut short. God bless his soul.