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good article on invest in china for the long term, it has been clamping down on corrupted officials for the past 3 years, an indication that it is serious in reform.
good article on invest in china for the long term, it has been clamping down on corrupted officials for the past 3 years, an indication that it is serious in reform.
It is call beating the bushes for snakes, catch a few & skin a few, & then, when no one notices....the beating round the bushes stops, the snakes will slither back into the bushes....Chinese are attracted to " Money, Wine, Woman & gambling"...in any order, in any day, in any century & in any day in time..![]()
China is easier to harvest imho, cos' we are chinese, we understand chinese more than the caucasian, it will be to our advantage.
my cpf is locked and i have to work till i die to get my cpf.
government said CPF is not our money. now i know why
That's not true because Temasek beats Buffet hands down.
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The Straits Times June 19, 2009
Temasek outdid benchmarks Long term, it did even better than Buffett
By Alvin Foo SINGAPORE investment agency Temasek Holdings may have taken a hit recently on some of its high-profile banking investments, but over the longer term it has outperformed key global benchmarks.
Figures obtained by The Straits Times show that over a 10-year period to March this year, Temasek outgunned several closely-watched equity indexes. It also beat other notable long-term investors such as Berkshire Hathaway, a top US investment company headed by billionaire Warren Buffett.
Temasek's performance has come under scrutiny in recent months after it suffered significant losses earlier this year on investments in Western banks Barclays and Bank of America (BoA). The state investment house delivered an annualised total shareholder return by market value of 5.4 per cent from March 1999 to March this year, assuming the value of its portfolio remained unchanged since November last year. That is the date of the last available update of the value of its investments. This compares with a return of 4.5 per cent in the same period for the MSCI Asia Pacific excluding Japan index, 3.1 per cent for the MSCI Singapore index, and -3 per cent for the MSCI World index, according to figures obtained by The Straits Times. MSCI indexes are key indicators commonly used by institutional investors to see how well they are doing relative to the market. Temasek's main investments are in stocks, with the bulk of its assets in Singapore and Asia, so these indexes are regarded as a useful gauge of its performance. Temasek's returns were also better than that of long-term investors like Swedish investment firm Investor AB, which delivered 3.7 per cent, and Berkshire Hathaway, which yielded 0.7 per cent. Last month, Finance Minister Tharman Shanmugaratnam told Parliament that Temasek has performed 'respectably' compared to relevant market indexes and reputable institutional investors.
You believe the PAP Press bs?
They have shown themselves to be reliable and factual over the years so I have no reason to disbelieve what they say.