Economy slowdown

[HeadOn]

for sure we will see a decline in global economic growth stretching into whole of 2009. US n EU might suffer reccession. However not so for Asia..Asia will still have growth, but maybe in region of 3 % except for JP (will be in reccession again); Vietnam, India n China

[topcook1]

Originally Posted by Alkano

The melt down has begin....
According to analyst, this is the worst since the great depression.
It will take a while for the whole thing to settle down.
Clear signs of economy slowing down like retrenchments and job pay cuts.
Time to save as much as you can, crunch time coming...

Isnt it going to be over soon???

[topcook1]

Electricity bill going to up 22 per cent next month. Inflation level going up again.

[Mature]

This is my first post.

Economy slow down is for the poor people.

Poor people will get left face slap , right face slap.

Mrt , bus , petrol price, electricity bill water bill increases. Only poor people scream and scream of inflation.

Rich people ??

F1 racing coming to town, happily watch there. Sport car hanging around in town. Ah long giving out prize.

Look at rich people !! What topics are they talking about ?

for economy slow down, rich people will get richer, share price drop crazily , they will say that opportunity arise. Buy 1 million share, keep for 1 year price go up. Sell away the share.

i think they earn millions in one blink of eyes.

What is inflation to them ?

when economy slow down, maybe their biz earn less,
but another opportunity for them arise again.

In this century, rich will become richer poor will become poorer.

[havana]

Originally Posted by topcook1

Electricity bill going to up 22 per cent next month. Inflation level going up again.

What the F... How r we going to cope with all this shit????

[you_all_suckers]

my current stocks become worthless paper now

[Vectra]

Already the traffic here is peaking after the GST Rebate being given out. I expect these fews days those vices will had their business pick up.

[pokeman71]

PM Lee said in his rally that they will not increase any more price this year. Fuck now up again.

What the hell.

[SexRush]

Originally Posted by pokeman71

PM Lee said in his rally that they will not increase any more price this year. Fuck now up again.

What the hell.

This kind of leader not worth trusting next time

[84gunner]

Originally Posted by SexRush

This kind of leader not worth trusting next time

Still got next time.

It's been many times oredi.

[HeadOn]

Originally Posted by pokeman71

PM Lee said in his rally that they will not increase any more price this year. Fuck now up again.

What the hell.

note that SP Powers is privatised n not govt owned (though govt is major shareholder). Hence, watever PM said in his rally doesnt apply in this case

[SexRush]

Originally Posted by 84gunner

Still got next time.

It's been many times oredi.

yeah, but i do believe the 'dynasty' will sooner or later be taken over

[84gunner]

Originally Posted by HeadOn

note that SP Powers is privatised n not govt owned (though govt is major shareholder). Hence, watever PM said in his rally doesnt apply in this case

PAP has the foresight to "privatise" & corporatise most of the public services more than 10 years ago. All of these "privatised" & corporatised public services become companies underwhich Temasek Holdings is the major shareholder. Who is the Chairperson of Temasek? Who / what is the organisation that manages / governs Temasek?

Utilities, Hospitals, Telco etc services, are privatised. Like u said, Govt is major shareholder. So today, PM / PAP can say, these are private companies now, they have no say towards the charges imposed by these private companies, as long as they function / do business abiding by the Law!

It's an administration, cashflow & name-game which allows the Govt to continue sucking money and yet administratively & legally claim it's not the Govt doing it (pushing away the blame) now! A typical example: When the SIA Pilot Union was on the verge of going on strike, why did LKY step-in, if it is purely a private company? Why was that Pilot Union's Chairman's PR revoked during the saga? If it's AirAsia's flight crew or employees that went on strike, AirAsia's planes don't fly or ground staff not around to process passengers, would LKY or PM intervene?

Come next Elections, I can bet there'll be some shares / rebates etc, "giving money" to citizens again. U may also notice significant relaxation / reduction in number of fines / summonses. Then more people vote for Pappy again. Then it's another cycle.

[surbana]

Originally Posted by pokeman71

PM Lee said in his rally that they will not increase any more price this year. Fuck now up again.

What the hell.

Guess more things will be up soon...He break his promise again.

[jit singapore 1]

No offend to all bros here, just my 2cents opinion and experience.

I do agree the poor ppls will be poorer and the rich ppls will become richer. This is a very true theory that we need to accept.
But my 2cents opinion is, poor ppls also afford to make a better life if they know how to do some invests. Ocos if you really very very poor, then that will be another story.

My experience and suggestion is: try to keep / save $$$ every month, $100, $200, $500 or $1000 etc as you’re affording as you can. Let say per month you can save $300, 1 year is $3,600, and then 5 year is $18,000. Every 3-6 years circle, the stock market will meet the “BEAR”. All share prices will drop like hell, like what recently happening. With the $18,000, you just close your eye to pick any share, let say SGX, Yangzijia, Sing Tel, DBS, UOB, Semcorp, SIA, China Hongx, F&N, Venture, ComfortDelGro, Hyflux, Wilmar etc (ocos no the rubbish shares) and within another 2 to 5 years, you’ll easily get back at least 40% of the return. Sometime you may get back 80-90% or more than 100% of the return included the bonus, dividend etc.

Let say within 3 years you get back 60% of the return, the total you have is: $18,000 + $10,800 (gain) + $10,800 (saving for another 3 year with every month $300, 02/10/2008 to 02/10/2011) = $39,600. It means within the 8 years, your total saving will be $39,600.

And let say again, on year 2013, economy going down again (means “BEAR” come again) you have $39,600 + $7,200 (saving every month $300 from 02/10/2011 to 02/10/2013) Total = $46,800. This time you again close your eye to grab any share, and this time your return may be 80% within 2 years, your will have: $46,800 + $37,440 (80% return) + $7,200 (saving from 02/10/2013 to 02/10/2015) = $91,440, it mean within the 10 year your cash saving will be $36,000 ($300 per month for 10 year) + $55,440 (return from invest in share) = $91,440

If your monthly saving is $600, the amount gain will be $91,440 x 2 = $182,880 an so on………….

Not really really very very poor ppls also can make money as rich ppls even not so much than them. But it is better than nothing, Am I right?????
Do you think if you never plan your financial planning (if you are not high income ppls), you think you can have $91,440 or $182,880 etc after 10 years. My experience is NO NO NO and NO.

So please plan properly, for coming 5, 10 or may be 20 years you may become so call rich ppls too and also can afford to call the high end FL to enjoy, haha, just joking and don’t zap me

When buying share, remember this : DON"T Greedy.