The euphoria is back after the scare. Europe’s woes seem to have obliterated from memories, as the world’s stock markets have bounced from high to high. The Singapore STI have crossed the 3000 mark and seem to been holding there. All this overwhelming optimism is coming in the midst of economic numbers that are less than encouraging.
This Thursday sees the meeting of nearly all the world’s monetary authorities. The financial markets expects economic boosters and any inaction will see selloffs. I worry if they decide to inject more money into the international money markets. As it is, the cheap money has flowed into selected markets like Singapore’s real estate sector. This has caused asset prices to go up.
If they do decide, expect another round of price increases. We already can see more money coming into Singapore as the local dollar has creeped up from the 1.28 mark to the current 1.24 level in the space of less than a month. More money is already flowing into our shores looking for homes. So far, a lot of it has been parked in deposits but if they decide to make a move well, another round if asset inflation can be expected. On the local front, many investors are trying to deploy their funds as well in search of better yields.
All these factors are brewing up the perfect storm. Some will be winners and some will be losers. I hope all of you make the right decisions. I have already committed to my next class thus I cannot cancel as quite a few people might be disappointed. It is scheduled from the 14 to the 16 of September, hope to see you there. I chose not to cancel this class I had emails like the below to encourage me. People like Clarence is the reason why I’m still sharing and I know I can make a difference.
“I am Clarence Long and I had attended your recent Property Investment Course last week (29th June). Thank you for the informative and intensive property investment course that you had prepared.
To be honest, I was having second thoughts of joining your course as it costed me most of my savings (I had just graduated from Poly). However after attending it, I knew that I will never regret spending on it.
Since young, I always have the goal in mind to be an entrepreneurial in two major sectors (F&B and Hotel) and a property investor- also hoping to be a developer. From the course, apart from gaining a wealth of knowledge on property investment, I understood more about your hardship and entrepreneurial career path. You are truly an inspiration to me, from chopping vegetables at the restaurant to pay your fees to becoming a successfu l person at a young age. The hard work put into achieving your current portfolio truly amazed me and I look forward to the day that I can be just like you.”
Till the next update, take care and God Bless!