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Where Is the Economy Headed?


singaporecitylightsshenton It seems that Singapore economy is doing well.

The message from US is mixed though. First the Fed Chairman Ben Bernanke warns of uncertain economic outlook and that he is looking closely.

And now Tim Geithner are saying there is no double dip recession.

So who’s right?

If the top two financial persons in US who’s reading the same page have two versions, what more mere mortals like all of us?

Peter Lynch, the legendary investor, once remarked that if you spend 13 minutes looking at the economic figures and try to figure things out, you have wasted 10 minutes.

So I have wasted your time and mine trying to figure out what they are trying to say.

The crack economists in Singapore constantly have economic forecasts which they revise every quarter with egg on their faces.

Should we even care?

As investors, we have control over 2 certain things:

  1. Costs
  2. The Time or Duration of Investment

    With low costs, you have more yield in your investment. It’s good to be cheap.

    With more time to let your portfolio run, the more the magic of compounding interest can work. I don’t try to time my purchase or sales.

    I use the Yahoo finance page which I find useful to track my own stock portfolio. I don’t look at it every day, but it has just increased by 20% from the previous week.

    If you compare it with my position last September, it hasn’t changed by much except I bought Berkshire Hathaway B shares and sold my Breadtalk holdings except for the bonus shares which I am holding onto.


    Do i feel richer? No. Do I feel smarter because the investment has risen? No.

    Do I know where it will go next week? No.

    Sometimes, for investment to be successful, it is more a knowledge of what you don’t know and cannot control.

    If that makes any sense.

    Have a good week ahead.

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