SG Complains

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Investor Guru Says Singapore to lose money on US banks


According to AsiaOne News:

INVESTMENT guru Jim Rogers believes that US bank stocks could fall further and predicts that Singapore’s state investors will lose money on their multi-billion dollar investments in Citigroup and Merrill Lynch.

‘I’m shorting investment banks on Wall Street,’ the long-time commodities bull told reporters on Wednesday at a launch event for ABN AMRO certificates linked to commodities.

‘It grieves me to see what Singapore is doing. They are going to lose money,’ he added, referring to investments by Government of Singapore Investment Corp and Temasek in Citigroup, Switzerland’s UBS and Merrill Lynch.

Read the full article at AsiaOne News

- Shorting is a way to bet against the market and he will gain if the market goes down. There are many of my friends are doing this but I feel they must be very very tired monitoring the market every weekday night. I will congrats those who found the gut feeling to bet against the bull market and gain few hundreds daily, I will also cry with them if they have diversify other non-commodities investment that are affected by the bearish market.

Obviously some savvy investors get to take advantage of this knowledge that the current economic situation that it will keep on going bearish.

Be careful if you are new to shorting the market as any good news such as an US Fed Rate Cut will wipe out the investment instantly. Get all the news and get instant news RSS feeds in yahoo news with related keywords search.

Be prepared with softwares or websites that provides LIVE Information for your analysis and work out your plan properly.

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5 March 2008 at 17:53 - Comments
  • Jimmoo
    Every investment will have a certain amount of risk involved. It is how you mitigrate the risk like not putting all your eggs in one basket and constant monitoring the market. I urge every invester to be sharper this year and read up more on the market. Don’t over depend on your friends information or financial agent advice. Know when to sell and when to buy at the righr moment.
  • Simon Tay
    The fact that nobody can predict the future unless they are physic :)

    Advices from “experts” are as good as throwing darts at the list of shares ^_^

    Market changes in very short notices with the most unexpected ways. It’s those have the fastest & latest information and act fast can benefit from the market.

    The problem it is very tedious and not many people know how to analyze a barrage of news as information or pure junk dis-information.

    Those who have neither the luxury of time and energy to monitor and analyze the market should stay off it.
  • jimmoo
    No updates on this blog ?
  • Simon Tay
    I am sick recently…so sorry
  • jimmoo
    Alright, take care then. Do rest more at home and drink plenty of water.