Posted by abang_misai > 2018-10-13 15:03 | Report Abuse

Cerita macam kartun.. hehe

Posted by Ayoyo > 2018-10-13 15:42 | Report Abuse

Losses are an integral part of trading.. Much more than that, it serves as a great teacher for important lessons we must learn in order for us to elevate our skill sets.. . What the loss would have provided us is a clarity in the contrasting forces at play - what we could or should have done under the same circumstances in the future - then that loss is a gain in experience... It is when one continues to lament on self pity that the loss had been futile and wasted..

The only reason why you fall down is simply because you could get back up

Remember, the key to surviving in this business is to make money, not to be right all the time

Posted by ks55 > 2018-10-13 15:57 | Report Abuse

Nov 22, 2014 08:07 PM | Report Abuse

Let suppose you have 1m cash asset (Share, FD, Bonds, Treasury bills, SA etc excluding EPF). How much risk you you can take?

Some people can stand up to 50% loses (if they are still young <35 yr old)
Some people can only stand up to 20% loses. (may be for 40 -50 yr old)
Some may be 10%, or 5%. (Retired or near to retirement >50 yr old)
It is really depends on your degree of tolerance.

Some may be young, but they have low degree of tolerance. Their temper will fluctuate with market performance. Market good, they got excited. Market down, they will not be able to sleep. This will affect their job performance.

My advice is, if you invest up to 500k, you find that your temper already being jeopardized, reduce to 400k. If still find hard to sleep, reduce further to 300k, 200k,100k etc. There should come to a level whether market up or down doesn't affect performance of your main career anymore. That is your tolerance level.

Some may have 1m cash asset, but not able to stand a 5k loses. These people are not risk taker, share market is definitely not suitable for them. REITs may be most suitable for them as it is low risk with medium gain. Otherwise will be FD or MGS.


For Pensioners like you and me:
No harm taking small portion of your cash to polish up your trading skill at the same time making some pocket money. I always believe 買股是為了增加生活情趣, 小賭怡情, 大賭傷身

Is it right time to buy now?
You have to learn yourself. Practise make perfect. If you enter now and lose money, find out why. Everybody need to pay tuition fees.
What is knowledge, what is skill, what is peritus. Master this will see you through comfortable golden age.
股票市場 易学难精

Posted by ks55 > 2018-10-13 16:14 | Report Abuse

Blog: Govt proposes panel to monitor cost components of houses

Oct 11, 2018 10:34 PM | Report Abuse

Can someone enlighten us how does a housing developer determine selling price of :
1. Condo
2. Terrace house
3. Low cost flat/ PR1MA

I am no expert in housing, but try to figure out composition of each component:

1. Terrace house (say 100k)
1.1 Cost of house sold (60k)
1.2 Contribution to School reserve, Field and playgroud, Police Station, Bomba, Road reserve etc (6k) -- Assuming conversion rate 65%
1.3 Contribution to Bumi Quota with 7% discount, Low cost housing and PR1MA (6k)
1.4 Road, drainage, street light and other infra (3k)
1.5 Sales and marketing (3k)

Gross Profit is 100k - 60k -6k -6k -3k -3k = 22k
So, if you sell a million dollar house, gross profit is 220k

Of course, you will have to give more discount under present weak market sentiment.
Some developers give up to 15% or more (Understood MK Land gives up to 20% discount).
Then you will just have 7% gross profit.
What about interest expenses during construction period?
What about interest expenses after houses already completed but not yet sold?
What about HQ expenses?

Surely looking at the numbers, most developers will be losing money, unless the land cost is low.

How to make sure houses selling cheap, and developers still make decent profit?
Only way is to removed items stated in para 1.3, that will save up to 6%.


For Condo and high-rise apartment, land cost component normally take up around 15%.
Only problem is the developers tend to overpay for the land.
So they will have to build 30 or 40 storey high-rise.
That will take them 4 years to build before they can deliver VP to buyers.
In between, if sales not good, they will receive less progress payment, and paying 4 years bank interest is enough to kill fly-by-night developers like Jaks Resources.
Many such developers will prefer to abandon the project like Plaza Rakyat, for they could not afford to pay LAD.

As how to reduce selling price for the high-rise, better leave it to the authority to work it out.
If the authority concerned is so dumb, learn the trick from S'pore HDB......

Posted by ks55 > 2018-10-13 16:17 | Report Abuse

Can figure out how to invest in property stocks?
If cost of land is low, you already make 20 to 30% of gross development value.......

Posted by ks55 > 2018-10-13 16:35 | Report Abuse

From land cost perspective, Crescendo and Plenitude have lowest development land cost. So these two property developers will never lose money no matter how bad property market is. Moreover, Plenitude is so cash rich that interest hike actually put them in better position:-
1. They can earn more from bank placement
2. They can buy more land at more competitive pricing as others have to struggle to find source of funding.
3. Many developers especially fly-by-night will be forced out of market, thus limit houses supply in next 3 years.
4. They can hold longer to their inventory and need not go for fire sales.
5. Since their land price is cheap, no matter at what price they are selling, will still make profit, whereas many already folded up.

Buy property stock?
Buy into those company with low land cost.
BUY PLENITUDE and CRESCENDO..........when you feel comfortable......