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Is the family car a necessity or a luxury to the Singapore family unit?

Fook Seng

Alfrescian (Inf)
Asset
Good buys. We reap when they boom again. Its the buy low sell high strategy.

The problem is our investors have no balls. When the market falls a bit more they sell them off not as just a paper loss but as a real loss.
 

Fook Seng

Alfrescian (Inf)
Asset
the only boom in europe is when iran goes nuclear.

In that case, it is not just boom. It is boom, boom, boom.

Those who play contrarian think this is normal time, with normal boom-bust cycles. The present issue in Europe and for that matter even in US could be a 10-year cycle. Anyway no one should be playing contrarian on essentially pension fund money where returns have to be given to account holders every year or every month. Dip into the reserves again if there is a shortfall?
 
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