tag:blogger.com,1999:blog-7944902213075756335.post8398305222334113443..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): STE says to see crises as opportunities and accumulate.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-7944902213075756335.post-75405020735345288342016-07-20T19:32:19.107+08:002016-07-20T19:32:19.107+08:00Hi STE, your step by step explanation is much more...Hi STE, your step by step explanation is much more than I expected. I am truly grateful for your sharing. This is now becoming by barometer while watching the everything going up. Thank you.<br /><br />Hi AK, I totally agree with you that STE is not only thoughtful, but also generous. We are indeed very lucky. Thank you.Andrew Tjhiehttps://www.blogger.com/profile/08952574633829537152noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58635513650536699512016-07-20T09:06:47.215+08:002016-07-20T09:06:47.215+08:00Hi Andrew , sure, let me try to explain in more de...Hi Andrew , sure, let me try to explain in more detail . <br />First , you should be able to draw the "regression line " by using the line chart function , plot the line chart , then go to format and add "trend line " , then just right click on the line and then " insert trend line " ,, choose " regression " . <br />2nd steps : using the same data set , STEhttps://www.blogger.com/profile/03171270652249099828noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12439742914687949672016-07-19T21:24:59.446+08:002016-07-19T21:24:59.446+08:00Hi STE,
I think I am getting fixated in plotting ...Hi STE,<br /><br />I think I am getting fixated in plotting the SD line and after 3 days, I have not been able to do that. If you don't mind sharing how to obtain the SD figure (or maybe a website or a book where I can figure how to do it), I would be very grateful. Thanks and Cheers...Andrew Tjhiehttps://www.blogger.com/profile/08952574633829537152noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61111430792899643422016-07-19T14:52:49.157+08:002016-07-19T14:52:49.157+08:00Hi Andrew,
Glad to know that you like the blog po...Hi Andrew, <br />Glad to know that you like the blog post.. Yes, you are right that excel doesn't provide such function to draw the SD line,, I use the most primitive way to draw it myself by adding these line ,,, after getting the SD figure ,, I just draw the parallel line along the regression line.<br />I think there must software in the market which could draw such line along with other TASTEhttps://www.blogger.com/profile/03171270652249099828noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32103349367104488942016-07-18T22:43:25.753+08:002016-07-18T22:43:25.753+08:00Hi STE,
Thanks for sharing. Your story has renew...Hi STE, <br /><br />Thanks for sharing. Your story has renewed my inspiration on investing for income. <br /><br />I have been trying to plot the linear regression chart. I managed to plot the regression line but unsuccessful with the +/- 1 SD and +/- 2 SD. Looking all over the internet over the past 2 days without success. If you don't mind sharing, it is most appreciated. Thanks.<br /><br /Andrew Tjhiehttps://www.blogger.com/profile/08952574633829537152noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27519408445712115592016-07-07T11:38:47.977+08:002016-07-07T11:38:47.977+08:00Food for thought...
Measurements of GDP are beco...Food for thought... <br /><br />Measurements of GDP are becoming outdated with the emergence of the sharing economy...DBS Group CEO Piyush Gupta<br /><br />The Measurements of GDP Are Outdated<br /><br />While the global economy is sluggish, Mr Gupta raised the point that a meaningful portion of this could be due to the fact that the wrong inputs are being measured. Gross domestic product (GDP) RayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43251586805414514772016-07-05T09:33:45.069+08:002016-07-05T09:33:45.069+08:00Hi CS,
Then, 137% of today's GDP would give u...Hi CS,<br /><br />Then, 137% of today's GDP would give us 1,716 on the STI. This is less mind boggling and, like you said, it would have to be something as severe as the AFC or the GFC before we see something like this. Frightful!AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52394817525018092202016-07-05T00:23:48.631+08:002016-07-05T00:23:48.631+08:00Hi AK71,
Again depends on what figures was used b...Hi AK71,<br /><br />Again depends on what figures was used by Staermose to arrive at 92%? It was closer to 137% in 2008.<br />Regardless, our market cap to GDP ratio has hardly went below 2.0 with the exception of AFC and GFC. Anonymoushttps://www.blogger.com/profile/01680081698339817718noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33197455400172505672016-07-05T00:14:52.831+08:002016-07-05T00:14:52.831+08:00Hi STE,
Agree that STI index might not accurately...Hi STE,<br /><br />Agree that STI index might not accurately reflect the true economic activity in the economy. But you can accurately gauge how frothy the market is. Because the ratio is a also a function of the market capitalisation (price of stock). High market cap/GDP can reflect over optimism. Earnings and GDP are factual. (Again, depends on how much you trust the earnings and GDP figures)Anonymoushttps://www.blogger.com/profile/01680081698339817718noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56959721524789818442016-07-04T08:43:08.570+08:002016-07-04T08:43:08.570+08:00Hi CS,
Extrapolation issues aside, if it was 2.27...Hi CS,<br /><br />Extrapolation issues aside, if it was 2.27x in March, 0.92x means that the STI would have to be at 1152 today to be at the equivalent level of the GFC's. Alamak. Lower than during the GFC ... Hmmm... AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22916981387335347902016-07-03T22:58:44.495+08:002016-07-03T22:58:44.495+08:00Hi AK71,
The components of STIs are constantly be...Hi AK71,<br /><br />The components of STIs are constantly being reviewed. Hence non-performing constituents are removed from the index.The constituents for the index in 2008 vs now are difference, so you can't extrapolate.<br /><br />I also don't know how Staermose got the figures. It is closer to 2.27 in Mar 16.<br />Anonymoushttps://www.blogger.com/profile/01680081698339817718noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13977818415340562712016-07-03T21:37:19.681+08:002016-07-03T21:37:19.681+08:00Hi CS , thanks for sharing and very much agree tha...Hi CS , thanks for sharing and very much agree that there is many ways to do or judge the market valuation. As you rightly pointed out , GDP may not be a good indicator to reflex the real economic situation and also , shall we use GNP ( like Warren Buffet's TCM/GDP Market ratio ) or shall we use Earning or profitability instead of Market Cap .. Each way may have they own merit and shortcomingSTEhttps://www.blogger.com/profile/03171270652249099828noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90917421781241367852016-07-03T21:36:18.202+08:002016-07-03T21:36:18.202+08:00Hi CS , thanks for sharing and very much agree tha...Hi CS , thanks for sharing and very much agree that there is many ways to do or judge the market valuation. As you rightly pointed out , GDP may not be a good indicator to reflex the real economic situation and also , shall we use GNP ( like Warren Buffet's TCM/GDP Market ratio ) or shall we use Earning or profitability instead of Market Cap .. Each way may have they own merit and shortcomingSTEhttps://www.blogger.com/profile/03171270652249099828noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44028569088004018752016-07-03T19:56:34.340+08:002016-07-03T19:56:34.340+08:00Hi redponza,
BINGO!
Sorry, no prize. I took the...Hi redponza,<br /><br />BINGO! <br /><br />Sorry, no prize. I took the prize liao. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37557137399318414132016-07-03T19:55:39.876+08:002016-07-03T19:55:39.876+08:00Hi SMK,
STE is not only thoughtful but generous.
...Hi SMK,<br /><br />STE is not only thoughtful but generous.<br /><br />We are very lucky. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79834015275575579382016-07-03T19:54:08.853+08:002016-07-03T19:54:08.853+08:00Hi CS,
I read this in an article earlier this yea...Hi CS,<br /><br />I read this in an article earlier this year in March.<br /><br />A guy by the name of Staermose back then said that the STI which was at 2844 was trading at 107% of Singapore's GDP. At the peak of the GFC, the STI traded at 92% of GDP in 2008. <br /><br />92% of today's GDP would give us 2445 on the STI.<br /><br />Interesting. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22454083468976813272016-07-03T19:49:06.403+08:002016-07-03T19:49:06.403+08:00Hi Tree,
Almost there! ;)Hi Tree,<br /><br />Almost there! ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42973539034558871362016-07-03T19:27:38.726+08:002016-07-03T19:27:38.726+08:00F.I.R.E. = Financial Independence & Retire Ear...F.I.R.E. = Financial Independence & Retire Early?redponzahttps://www.blogger.com/profile/12482736417233080153noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66157538658954925282016-07-03T18:33:28.766+08:002016-07-03T18:33:28.766+08:00i like ste.i like ste.SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14045939102992707882016-07-03T16:16:08.226+08:002016-07-03T16:16:08.226+08:00@ STE, using level of the STI index may be a good ...@ STE, using level of the STI index may be a good proxy, but not a good benchmark of market entry. Using the ratio of total market capitalisation vs GDP will be a better one in my view.<br />Both figures are easily available from MAS and Singstat. (Of course, one can argue how accurate the GDP figures are).<br />Anonymoushttps://www.blogger.com/profile/01680081698339817718noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16393024543723527042016-07-03T14:38:03.511+08:002016-07-03T14:38:03.511+08:00faster invest, retire earlier :Dfaster invest, retire earlier :DAnonymousnoreply@blogger.com