STI going strong

STI creeps up to 2869.76.  Should hit 3000 by CNY.

Where is the market going from here?

STI is now 2708. It seems like the double dip economy may not happen after all. Some analysts predicts STI to be close to 3000 points by end of the year. I may probably acquire STI ETF in the coming week.

After all this while, I am starting to wonder whether investing in equities is the right tool for me. This is because I never seems to be able to comprehend how to analyse the companies and market.

Probably property investment next? Let's see....

Is the Singapore stock market going into a correction phase?

Economic data has shown that the world markets are contracting at a slower rate. However, the Singapore manufacturing index went above 50 for the first time in 9 months, a sign of growth. Most analysts would suggest that a pullback would be coming anytime soon. Already the last few days, markets have shown signs of correcting already.

The STI is already vertically parabolic and it badly needs at least a 15% pullback before the market can further north.

I have sold most of my shares to take profits and will buy them back when the market drops 15% from the recent high.

STI now is at 2230.

A New Beginning......

The blog had took a long break. Will be reviving this soon with renewed vigor. Watch out!

STI index breaking record highs

Singapore shares close up 1.6% at another record high. The Straits Times Index closed up 61.32 points at 3,875.77, beating the previous all-time peak of 3,865.75 reached on Tuesday. Volume totalled 2.81 billion shares valued at $2.76 billion (US$1.89 billion).

Naturally, STI ETF 100 is at hitting new highs, closing today at $39.30.......*sigh*...... had sold my ETFs during the sub-prime crisis. Otherwise, I will have made much more by now.

At the rate global markets are recovering since the sub-prime loan crisis, I am cautious about getting back into the market now. Especially so since market analysts are still unsure whether institution investors had really put the sub-prime concerns behind them. Shall wait and see for a few more weeks......

Getting a Car

I have finally decided to get a car after serious consideration. In the lastest COE prices announced today, the COE price for cars 1600cc and below had gone up from $8K+ to $17K+. Stay tune on what car I will get and how it will affect my plans to be financial independant.

Conrad Alvin Lim @ InvestFair 2007 - organised by ShareInvestor.com @ Suntec

Got to know that InvestFair 2007 is held this weekend at Suntec. This investment event is organised by ShareInvestor.com. According to the ad, there will be information about equities, ETFs, Forex, Futures, Funds, CFDs, Options, Wine Investment, Property Investment, Land Banking, etc...

There are more than 50 free seminars including one by Conrad Alvin Lim on Candlesticks.

I will visit the event on Sunday morning. See you guys there!!