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Monday, March 23, 2009

Sorry

If I have been too prolific in my writing, I do beg your forgiveness. I hope I have not bored you in anyway. I will be taking a long trip so you can be rid of me for the next few days.

I am off to a 3 city tour of China, going to Wuhan, Shanghai and Guangzhou starting tomorrow , so I will be taking a breather. I will share my experiences with you regards this trip in the next blog. It is another of those tiring trips, but I am looking forward to inspecting our representative office in Shanghai, which will be functioning soon as it is undergoing renovation now. So now, we are in Singapore, Vietnam, Thailand, China, Australia and there are talks to open Indonesia now. It is quite fun to do this actually.

Quite a few of you have asked me how you can participate in any of my real estate ventures. If there are enough requests, then I will conscientiously explore. So please do give me your feedback.

Your Friend,
Andy Ong

23/03/09

Friday, March 20, 2009

Let the fools take the hits!

Hi guys, I’m back again!

Quite a few of you asked me to do this quickly as they are about to enter the market. Beware!!!!! To me this is a Fool’s Rally (aka Bear Rally), I know that I shared with you that I see a V-shape recovery starting from late 2009. I know I also said that financial markets recover before the actual economy does. But I am of the opinion that the economy has not digested the excesses of the last ten years.

With that in mind, I think the market has some way to go, down that is! A lot of people do not understand that there has been a fundamental shift of the Americans about consumerism that is they stopped spending. They still account for the lion’s share of worldwide consumption, which is the principal driver of the world’s economies. Thus until they get some level of confidence back, its going to be tough.

The Singapore economy has certainly been affected, but the situation will be worse. I I know that there will be lots of retrenchments in the coming quarter (through the grapevine), things are certainly not looking good.

But why has the stock markets been doing well? Well, the markets is like a spring, you press it hard enough, there will be some form of recoil. This is what we are experiencing. For me the rewards of band trading do not compensate me enough to take such risks. This is my personal opinion of course, so do make your own opinion at the end of the day.

I always like compliments, who does not? Raymond C was very, very nice in writing the below testimonial for me and I must thank him. It is for people like Raymond who drives me in my job!


Here’s what he said.

“I attended one of Andy’s Wealth Creation Course sometime in Jan 2008, took his advice to remain liquid and prepare for a possible turn in the economy in the near future. So, I executed a plan I had been toying (ok..actually procrastinating) with for quite a while. I liquidated one of my apartments at a very good price there and then, and am now riding the downturn, biding my time for the right “ Opportunity ”. Thanks to Andy…for his invaluable advice and passion to share…and also to the impeccable timing of it all. I need to also add that Andy’s sharing did not stop after the course has ended..he is now reaching out to the Wealth Creation Alumni through his Blog! Way to go Andy! Cheers!”

Your Friend,
Andy Ong

20/03/09

Reflections!

Hi guys! I just back from Vietnam early this week and I am sooooo tired! Vietnam took a lot out of me with the climate changes. It was 10 degrees Celsius in Danang on Saturday and 32 degrees Celsius the next day! Nevertheless, it has been a very hectic week. I concluded a deal to open our Hanoi school and managed to get the design concept out this trip.

I just sold my penthouse in East Coast and the funny thing is I have no where to stay as all my other places are leased out. I just leased a unit at The Sail, facing Marina Bay. So for those of you, who want to watch Formula One for free, be nice to me.

I have an entrepreneurship class tomorrow and I am looking forward to it. Many of you must be surprised that I look forward to doing my class, they may be tiring but they also give me inspiration. I look forward to starting my MBA class next month as well.

One of the key reasons why I’m so shag as well is that I was orchestrating our advertising campaign for our education arm that debut recently. I decided to take a leadership role after all the nonsense news articles regards private schools. Do let me know what you think of our ads.

For my next blog, hopefully I want to get it out soon; I would like to share with you what I think of the recent market rally as many of you will be curious. Economies are so depressed but why are stock markets doing so well in the last week or so. Till then, take care!


Your Friend,
Andy Ong

20/03/09

Monday, March 16, 2009

I'm going back to School!

Hi All! Greetings from Vietnam and things are certainly looking bright here. We will be doing a lot more projects here in the future.

It has been my life long dream to go back to school, well I am doing exactly that. I just enrolled at our education arm’s MBA program specialising in International Business. My class will start in mid April. I am still figuring out how to juggle my time but what the heck, enough procrastination. If there’s a will there’s a way.

I managed to cajole my long time friend, Douglas Foo, CEO of Apex-Pal, the holding company of Sakae Sushi into signing up for the same program too. It will be quite fun as both of us have not been studying for the last 12 years. I certainly hope to advance and sharpen my skills to advance the companies I am have been building. Now is perhaps the best time as things are expected to be a little slower.

We are looking for up and coming passionate people to be our classmates, so if you are keen do consider enrolling and we can learn from each other. Details are at www.erci.edu.sg.

I hope to learn from the lecturers that I am personally selecting to equip me with the skills to bring us to the next level! So join us if you have been thinking of doing an MBA for some time.


Your Friend
Andy Ong
16/03/09

Thursday, March 12, 2009

Should I invest now?

This is the million dollar question! I have coached you to accumulate cash since the beginning last year and if you waste your bullets now, I will strangle you personally!

Some of you will become multi-millionaires in the next few years should you play your cards right. If not, well, you have to wait for the next down cycle.

Over the next 12 months, I assure you more opportunities will emerge. Do not be easily tempted away! And if you feel you have stumbled on the deal of the century, email me first. Everyone and their sons will ask you to part with your cash, what approach should you be adopting.

Anyway, the name of the game is now risk management. Manage your risk and your upside will come. In downtimes, focus on cash flow and yield. Forget investment instruments that locks up your cash without yield. Yields are what will enable you to last through the down cycle. Yields will supplement your income and multiple streams of income are the cornerstone of wealth creation.

I am taking it easy right now, I am sent out feelers that I am looking for bargains. And I am prepared to be patient. Do not expect bargains to emerge soon as many investors have holding power as their personal balance sheets are now stronger compared to the last recession but again, there will be those who cannot hold out. So the key thing is : “ Be Prepared!”.


Doing nothing and maybe shorting the market occasionally is the way to go. There is no blood on the streets yet so hold your horses!

Your Friend
Andy Ong

12/03/09

Monday, March 9, 2009

Hope you cashed in!

Hi all! This is my very first entry. I know I promised to do this for a very long time but it has been very, very hectic for me. I just came back from several countries and in fact, I will be leaving for a 3 city tour in a couple of days starting from Ho Chi Minh City.

I was inspired to make this entry as there were a lot of enquiries on what to do right now to take advantage of the current crisis. I am writing to allay your fears. Now first and foremost, ground rules, I really do not have time to proof read what I write so please pardon the occasional grammatical mistake. It is unforgiveable as a former journalist, but what I want to do is convey ideas rather then anything else.

Now you will recall that at the last CEO Forum, I revealed my 5 money making trends for 2009. For those of you who followed, I’m sure you are laughing all the way to the bank now.

Shorting the market for the first couple of months as advised obviously made money even though I was breaking out in cold sweat when the market rallied for the first couple of days in January. The education sector is booming as this recession proof business has created numerous opportunities. Tourism opportunities are abound as this sector continues to hire the most people. As for the real estate sector, the strategy of fishing for bargains very, very selectively has paid off as what was cheap has become cheaper.

Well that is life, you have selected to take charge of your career and financial life and if you had heeded our advice, you would be in a very comfortable position now to take advantage of the opportunities that are coming. The cash position that I have asked you to accumulate means you are king right now. Do not squander your advantageous position away easily.

The recent spate of new property launches have been quite successful but the time to buy is still not now, you can expect more bad news. Do not despair! Today Newspaper recently interviewed me and I was quoted, “When there is blood on the streets, that is where the buying begins.” That quote actually came from Mark Mobius, Templeton Asset Management’s MD. The reporter chose to attribute it to me and it certainly drew some criticism saying I was heartless. However, I stand by my investment philosophy, you buy low and sell high. When there is fear, that is where you can get bargains.

I will share my views on what is happening economically in the world next time, if I get some time off in the plane.

Till then, I wish you good fortune!


Your friend,
Andy Ong

09/03/09