ST: Temasek's portfolio hits record $215b

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#21
(09-07-2013, 11:10 AM)egghead Wrote: The Man, the Boy, and the Donkey


A Man and his son were once going with their Donkey to market.
As they were walking along by its side a countryman passed them
and said: "You fools, what is a Donkey for but to ride upon?"

So the Man put the Boy on the Donkey and they went on their
way. But soon they passed a group of men, one of whom said: "See
that lazy youngster, he lets his father walk while he rides."

So the Man ordered his Boy to get off, and got on himself.
But they hadn't gone far when they passed two women, one of whom
said to the other: "Shame on that lazy lout to let his poor little
son trudge along."

Well, the Man didn't know what to do, but at last he took his
Boy up before him on the Donkey. By this time they had come to
the town, and the passers-by began to jeer and point at them. The
Man stopped and asked what they were scoffing at. The men said:
"Aren't you ashamed of yourself for overloading that poor donkey
with you and your hulking son?"

The Man and Boy got off and tried to think what to do. They
thought and they thought, till at last they cut down a pole, tied
the donkey's feet to it, and raised the pole and the donkey to
their shoulders. They went along amid the laughter of all who met
them till they came to Market Bridge, when the Donkey, getting one
of his feet loose, kicked out and caused the Boy to drop his end
of the pole. In the struggle the Donkey fell over the bridge, and
his fore-feet being tied together he was drowned.

"That will teach you," said an old man who had followed them:

"Please all, and you will please none."

It's true you can't please all. But are you happy with what they ( Papys or whoever the GOV. of the day is, less some people not happy with what i write Papys and not PYPYs) doing to your blood and sweat money? Of course you will compare with "EPF" - our "nearest equivalent", isn't it? - Even if you are dumb in DIY investment. But "you can't fool all of the people all of the time". Even the dumb will wake up one day.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#22
They just set up a new unit (Pavilion Gas) to manage our LNG assets.
My Dividend Investing Blog
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#23
(09-07-2013, 09:57 AM)sgd Wrote:
Quote: Can you imagine what if Singapore government decided to also do what EPF does (invest in stock market with CPF funds)? Think of the storm of invective from S'poreans - you can't win!

Investing and nurturing local companies to promote growth who in turn provide opportunities for it's citizens? Isn't that suppose to be the social responsibility of a government? I don't see anything wrong with them investing in their own backyard.

You can now go to kazanah website download their Annual report to read and even criticise. The very facts that you and everybody can do that to read and criticise or google about it is because they have put the info out there for web search engines to cull.

You can even view the portfolio of local companies that they have on the website.

What they have done is nothing less than being FULLY TRANSPARENT do you consider our SWF to be fully transparent? Don't give me that crap excuse about trying to hide it to prevent speculators.

Kazanah is more like the equivalent of Temasek - nothing to do with EPF or CPF. As for transparency, both are equally non-transparent. I just took a look at Kazanah's annual report - full of filler fluff. And have you taken a look at Temasek's annual report - they actually have more numbers. Anyway, like I said, both are about equally non-transparent.

Coming back to EPF and CPF. EPF is making direct use of people's money to make investments. CPF just acts as a trustee - by default buying special SGS bonds to give a riskless floor return, but people can withdraw for investment or property etc - its a different structure, not better or worse (even if I don't comment on EPF controverseys)

Anyway, this is my last word on the topic because of incoherent arguments that I know I cannot win simply due to emotion clouding the picture.
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#24
many including myself tend to forget money printing, and in turn inflation is an indirect govt tax...

in a way, the govt tax or penalise u for placing yr cpf retirement monies with them becos inflation rate is higher than the so called risk free riskless floor rate..

ya so versatile can buy inflated public housing, buy gold buy stock, to the extent min sum and min age to withdraw keep increasing..hee.
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