It is only a problem with Money, not an issue with God

Money is a product of this world

It is something which if God wants to solve

There will not be an issue

But this world is truely evil

Until God’s conditions are met

A carrot or a stick

The entire world needs to chose

Peace and prosperity or Destruction and chaos.


Drastic austerity measure will force everybody to tighten their belts straightaway, and many people do not like it, the problem can be resolved if you plan ahead, and first implement reforms to plug your loopholes, then have a sustainable budget of yearly cutbacks spread over a longer period, in this way you are actually borrowing from future earnings for a sustainable level of debt. there is no other shortcut to resolve your budget if you do not implement reforms straightaway to plug your loopholes.

Wallace Stevens, as well as being America’s greatest 20th-century poet, was also a career professional in the insurance industry, rising to become a vice-president of the Hartford Accident and Indemnity Company. He knew a lot about the world of business, and was well qualified to make his famous observation that “money is a kind of poetry”.

 The biggest problem in Singapore is the Government thru GIC and TH is not investing enough in human capital and business that generates high revenue thru productivity, innovations and technology. They have dumped billions with no results in sight. Maybe they should reconsider their strategies instead of chasing after GDP growth at all costs. Their quick fixes has caused more problems and there should be reforms and policy changes. 

Instead of trying to squeeze money from Singapore’s economy, they should invest to generate growth and income thru innovations and technology, and when they realised their investments, others will follow. There is a potential ROI of 40% if you search hard enough, and a balanced and sustained strategy to privatisation is a better bet than trying to squeeze money from meagre resources that cannot even meet your needs. If you play your cards right, risks can be properly managed with high income rather than the mass influx of FTs that will cause more losses than income, bringing problems that Singapore cannot solve. You chose, you want the goose that lay the golden egg or the golden egg? One will ensure your future income forever and the other will give you a meal for a day. If you continue to milk your golden goose without feeding it, one day it will die, and crying over spilled milk will not help you at all.

To solve Singapore’s problems:

1) Privatise HDB by milking the cow and settle the CPF system to give back to those who wants an option to retire at 55.

2)  Reforms to the HDB resale market by changing the present 60 years left and allow the use of CPF and bank loans up to 20 years left lease. This will resolve a lot of issues of financing the Ageing population and bring confident back to the financial and property markets.

3) Tax the wealthy and High income earners who makes more than $1 million a year by up to 30% of their income. In this way there is no need to increase GST to 9% but maintain it at 6% and include a range of goods that are GST exempt to help the poor.

4) Lower SMEs business costs by lowering rental up to 20% and give innovation grants to those who upgrade the skills of its workers and digitised their business for global competition.

5) Implement Minimum wage for workers and supplement with Workfare but the payments will be in cash instead of CPF.

6) Invest in infrastructure especially Energy Farms like solar and new generation electric grids to sell electricity for electric cars and buses. Singapore has nothing at present.

7) Encourage Entreprenuers to setup Startups and Non Profits to solve the world’s problems for productivity and innovations. Grants can be provided by Local Banks and IMF/World Bank.

8)  Once you accept my recommendations I will give you a plan of how I will use future earnings to solve all your income woes by GIC and TH investing in our own human capital with education in technologies and innovations where the ROI will be a minimum 40% by reforms and planning with IMF/World Bank.

“The captain of the ship is steering towards a whirlpool, if he doesn’t reverses his course, Singapore will surely drown.”

“The outflows is more than the inflows, by squeezing the Singapore Economy and not putting anything back, where your foreign investments doesn’t generate returns, it is a path of no return.”

“There is fundamentally no way you can solve Singapore’s economic problems unless you solve this problem.” 

– Contributed by Oogle.

Touting, the end of tourism in Singapore?

By Jessica Lim
The Straits Times
Thursday, May 16, 2013

SINGAPORE – A plump man in a white polo T-shirt walked up and down alongside the lengthening taxi queue outside Mustafa Centre on Thursday evening.

The man, who looked to be in his 50s, asked a person in the queue his destination. It was Geylang.

“Geylang, who else is going around there?” the tout asked, loudly. “Why you want to wait so long, for what? I give you a ride there.” Quoting a $20 flat fee, he pointed towards a mini-van by the side of the road.

I was in the queue that evening, guidebook in hand, posing as a tourist. He offered me a ride to Orchard Road for $20, then pressed a laminated namecard into my hand. On it were thumbnail pictures of attractions, including the Underwater World, River Safari and Gardens by the Bay.

Under each picture was the original ticket price and a discounted rate.

I asked him for a Singapore Flyer ticket. He asked me how many I wanted. Just one, I told him.

“I give you, $30,” he said, opening his wallet. He pulled out a general admission ticket, with a June 30 expiry date. The original price of $33 was printed on it too. As I scrutinised it, he reassured me it could be used.

After I bought it, he asked me to call him if I wanted other tickets in the future.

Tell your friends, he suggested.

Yesterday, when I called the mobile phone number listed on the namecard to ask about prices, the man on the other end asked me who I was. I gave him my name.

He replied: “I don’t know who you are. I am bankrupt already. Not doing this business already. Bankrupt.”

Then he ended the call.

Even bigger discounts

I walked into two travel agencies at the Landmark Village Hotel in Bugis last week. Both offered me tickets at much lower prices than those being sold at the attractions.

One offered me $18 for a ticket to the Singapore Flyer. If I was a tour guide, I could buy the ticket for even less, at $16.

I said I was taking some people on a tour. She sold me two Singapore Flyer tickets for $16 each. She did not ask to see a tourist guide licence.

Encouraging me to refer my friends to her, she said that she could sell us tickets to Universal Studios Singapore for $62, down from $74; Gardens by the Bay for $18, when the usual is $20; and tickets to the Underwater World, which normally cost $25.90, at $15.

Insurable Interests

Remember when buying insurance, you need to consider your insurable interests, it is cheapest when you buy when young based on your mortality rates; 

1) So consider a Term insurance like TPD and Death for the maximum value you can afford eg S$1 million for 5/10 years while you save for a normal policy eg Life or Endowment with Riders like Health. Remember if you are diagnosed with an illness no insurance company will want to cover you for that illness again. And if your age increases your mortality rate increases substantially until you cannot get yourself covered for that risk.

2) There should be policies for people who has been diagnosed with certain illness, insurance companies should be compelled to cover these risks at a higher premium. Even a co-operative like NTUC Income does not take this into account, much less for profit insurance companies. Insurance companies has a moral obligation to serve the needs of the public by pooling resources instead of just fattening their bottom line, which is profit driven.

3) The pooling of resources and the reinvestment of un-used premium will make expensive health insurance policies viable for nowadays expensive healthcare, but why there is no such initiative? Not enough profits?

4) The FundSupermarket Saga of offering up to 50% rebate for the policies you buy show how much commissions your typical agent makes, isn’t it time to make your agent work harder? Will there be a conflict of interest if all the agent cares about is his bottom line instead of protecting your interests? How is MAS protecting all consumers?

– Contributed by Oogle.

Can you manage the Risks?

“Everybody needs to be taught how to manage risks and stay away from high risks products when they cannot afford to lose. This is a Fact. Most experts can only manage a 4 against 10 odds at winning which means they will lose 6 times out of 10, it is how they manage to lower their risks at losing and increase their risks at winning that makes them overall winners, even I can only get an advantage of 6 out of 10, that is why I prefer the traditional way of making money.” – Contributed by Oogle

“If I am a Trader and my daily target profits is to make $200-$500, that is my 1%, I will need my Capital to be the balance 99% and the ability to cover my own trading commission, what will be my risks and my positions based on my time horizon to have a successful trade? Most of the time it will never be just one position but multiple,  and how do you analyse everything especially risks without a computer and software?” – Contributed by Oogle.

Members of the public are being invited to attend a preview of a training course to trade in foreign currency, commodities, futures and other financial products.
They are told that they can learn trading techniques from professionals and will be able to earn a regular income from this trading activity. The presenters usually make exaggerated claims about the effectiveness of their techniques and, in some cases, offer verbal promises of guaranteed success.
During the hype, the public are asked to sign up for the training courses, which usually cost $3,000 to $5,000 for a three day course. Those who are undecided may see other people rushing to the signing tables. These initial signers could be agents working for the presenters, whose role is to create a false impression about how good the course is.
I wish to give some views about why these trading techniques will not work and the trainee stands to lose more than the fee paid for the course

Negative sum game
Trading is gambling. When you gamble or take a bet, you take the chance of winning or losing the bet. The amount won by one party is the same as the amount lost by the other party – this is called a zero-sum game.
Most trading activities are negative sum games, i.e. the total wins is less than the total losses of all the participants. The difference goes to pay for the commission and profit to the party operating the trading platform.
Trading techniques
The trainers claim to be able to teach you the successful trading technique, based on their expertise and experience. They will show you chart formations and tell you of the profits that they had made by following these charts.
Remember this. When they make many bets, they are likely to have many wins and many losses. They will select the wins and tell a story of the profit they had made. The same technique could lead to losses for them, but they will not be telling you about these cases.
They are being selective in the stories that they tell.
If you follow the technique that was taught, you are like to have wins and losses. This is completely random, like twisting a coin. When you win, the trainer will claim success for the technique. When you lose, the trainer will say that you have not followed the technique correctly, and have acted too early or too late.
Market inefficiency
Some trainers claim to be able to teach you the techniques of spotting market inefficiencies, which is supposed to make you win over the long run.
Be careful. You are not the only one that is trained to spot the market inefficiencies. Many other traders are also taught the same techniques. So, it is a question of who act earlier, and have the information to act earlier.
Your Opponent
Think about who you are betting against in the market. You are likely to be betting against other people who are better equipped than you, i.e. the professional traders employed by the big financial institutions. They are paid a handsome salary and have to deliver wins that cover their costs and profit. As a small retail trader, you are contributing to their costs and profits, when you trade against them.
These professional traders have more financial resources, time and information. When they act in a big way, they can move the market to their favor, and they also know when to get out. The individual traders who follow them by reading the charts could be going on a wild goose chase.
Discouraging experiences
The experience of many individual traders is that they lose out. After a while, their capital is gone. After spending a few thousand dollars to attend the training course, they are likely to end up losing all of their capital. Instead of “making a living”, they lose out.
Be careful of the people who recommend that certain trading techniques are reliable. Some of them are part of the game and earn commission when you sign up. In some cases, they might honestly believe that the techniques work, but they are naïve or have not been burnt yet.
No easy way to make money. They are many ways to lose money, such as being misled or cheated.

Tan Kin Lian
14 May 2013

All Bloggers must apply for Police Permits for donation activities?

By Jacqueline Woo
My Paper
Tuesday, May 14, 2013

The conduct of bogus fund-raising activities is “tantamount to cheating” and will be dealt with by police, said Acting Minister for Culture, Community and Youth Lawrence Wong yesterday.

He said that “all fund-raising appeals conducted in publicly-accessible areas or from house to house require a licence from the police”.

Besides an SMS-verification service – by sending a query to 74688 – members of the public can also use the Commissioner of Charities’ online fund-raising-permit search facility to obtain additional information, such as the approved locations for the conduct of the fund-raising activity, he said.

The search facility can be accessed at

Characteristics of the New Economy

Characteristics of the New Economy

Can you identify the wave that is changing the New Economy?

Due to high land costs, rental will continue to increase, and manpower costs will also increase due to higher education of our workforce, many jobs will become redundent. Do you still want to pick cardboard boxes and disposed drink cans? It will not be feasible anymore unless you have no choice. That is also the reason we cannot afford to have Destructive competition, and an intimate knowledge of the markets will ensure your survival and a maximum ROI for your investments. Everyone wants to work smart and get multiple incomes rather than the old skills of the old Economy.
Due to improved manufacturing process it might not be feasible to repair your appliances and devices anymore. How much does a simple mobile cost nowadays? $30? And if you buy a $30 mobile and it develops problems after 1 year will you sent it for repairs? It might not be cost effective. Same goes for your TV sets, LCD monitors, and fans but may not be for refrigerators and washing machines as they are bulky items. Even computer repair will become expensive and time consuming and the repairman may just replace your spoilt cpu with a working set as the costs for troubleshooting may become too high. Do you think there is any value in used cpu systems anymore when you need a new licence to recover the OS? It is worthless as parts, only a full working system there is some value left. If you want someone to remove your old computers you may have to pay for it. Lifespan for my Telefunken TV set 20 years ago is about 10 years but nowadays TV only last for 5 years, even your computer CPU only last typically for 2-3 years today, how can you tell the lifespan of a used product? The same goes for the car market, where typically a manufacturer will keep supporting spare parts for up to 15 years the lifespan of a car, beyond that you cannot find anymore spareparts. The good old days of a global dominence of just a few models of cars is over, now manufacturers make less cars than before but with higher sophistication and lower costs. The recycling business is due for a great change as the throwaway society will present a great opportunity for those who can extract the value from these items, to repair and for recycling. Even used oil for cooking can be collected to refine into biodiesel, how many people are ready to takeup these opportunities?

PS : With the Internet, information is passed on in lightning speed, for survival most will stay away from Destructive competition but there are others because of their greed for profits try to take advantage of consumers, but consumers are not stupid, do you see fruits being sold for 3 for $2 suddenly increase 300% to $2 each without reason? This is profiteering unless there are disruptions to the supply chain or poor harvest. There are so many ways to make money but one must be ethical or you will suddenly find all your customers disappear.

– Contributed by Oogle.

Goal Planning and Execution

Goal Planning and Execution : What is missing from the Prayer of Faith:

1) As a church, most of your sheep needs guidance and nourishment, and your ability to meet all their needs, so you need to train all your pastors to lead, all the skills of goal planning and execution, and if you delegate your goals and plan well, you will easily find success.

2) First you need to identify your goals. Start one by one and do not mix them. Then write down all the steps you need to do to achieve your goals, if you do not have everything it is ok, you can fill in the blanks later. Then based on the steps required also list down your resources required, set priorities so the most pressing needs will be done first.

3) If you follow the above, there is no such word as Failure, it is a matter of Time your goals will be met, and how you execute them. You also need to closely monitor your progress.

4) Remember you are not a superman, and you do not have the knowledge of everything, so it is better to let those who are experienced in their area of work handle them, it is also more efficient. Therefore Teamwork is crucial to the success of anything.

5) Lack of resources? Use what you have and make your needs known, nobody can raise money just by sitting down doing nothing, you need to plan events, promotions, give publicity for your cause and create a win-win situation for everyone to benefit. That is the secret of fund raising. “Ask and you will be given when you do something about it, not nothing.”

– Contributed by Oogle.