Investments in Merril Lynch making money for Temasek

last SG · 2008-03-08T05:50:14+00:00

oei hong leong is suing citi for his loses, who can citizens aka taxpayers sue for Temasek's losses?

TCH05 SG

Not sure did anybody catch the CNBC interview with Warren Buffet. They ask him if you were to start all over again, what sort of business will you pick.

He said Financial and Wealth Management, because he believe that is the sector where you can make most money.

TCH05 SG

maurizio13, you seems to have a very negative view on GIC and Temasek's investment in the few bluechip banks. I am just wondering if you dare to put your money and bet against GIC and Temasek ability to make a profit from these investment in let say 12 to 18 months?

AndrewPKYap SG

The thing is, they were too eager to buy. Usually the first big drops shows that the markets are in big trouble (unless there are clear short term reasons, like Iraq war).

When the markets are in big trouble, you do not buy but you wait as invariably, after the initial big drop, the markets will decline.

It is tax payers money and that is why they can simply jump in recklessly.

AndrewPKYap SG

The money come from Singaporeans and it is only right that they give it back instead of using it to play around. They could and should pay higher interest rates for CPF funds, for example.

As it is, CPF money is being eaten up by inflation.

They longer you hold, the less the money in your CPF can buy (even after adding the interest rates they pay you).

Why? Because the take Singaporeans money and refuses to give back but prefer to lose it to foreigners.

AndrewPKYap SG

Singaporeans money going down the drain instead of being paid decent interest rates for their money in their CPF accounts....

AndrewPKYap SG

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AndrewPKYap SG

eagle SG

Andrew finally back!

maurizio13 SG

Not sure did anybody catch the CNBC interview with Warren Buffet. They ask him if you were to start all over again, what sort of business will you pick.

He said Financial and Wealth Management, because he believe that is the sector where you can make most money.

Making money does not mean that markets will always be favourable to everyone.

There is always someone making money and someone losing money.

Markets will always favour those with a knack for information and analysis.

maurizio13 SG

I only present an honest picture of the state of events in Temasek, they make very poor investment decisions. Apart from the very few overseas investments that

makes good returns, most of their investments with good returns come from Singapore.

Why you might ask?

Reason being they have stake in all these so called free and competitive corporations, it's possible to control the price.

Is there somewhere I can place those bets?

Or are you thinking of betting against me?

TCH05 SG

I only present an honest picture of the state of events in Temasek, they make very poor investment decisions. Apart from the very few overseas investments that

makes good returns, most of their investments with good returns come from Singapore.

Why you might ask?

Reason being they have stake in all these so called free and competitive corporations, it's possible to control the price.

Is there somewhere I can place those bets?

Or are you thinking of betting against me?

Nah, you are presenting the snap shot picture of SELECTIVE events and selective investments.

If you are so confident about them losing money in ML, UBS, Citi etc, you should bet against these stocks in the stock market.

You claim that Temasek and GIC are lousy investors, relative to?

AFAIK, one of Australia biggest pension fund recently reported a negative 5-7% return on their OVERALL investment portfolio .

I wonder why didnt they just put their money in Australia fixed deposits?

maurizio13 SG

Nah, you are presenting the snap shot picture of SELECTIVE events and selective investments.

If you are so confident about them losing money in ML, UBS, Citi etc, you should bet against these stocks in the stock market.

You claim that Temasek and GIC are lousy investors, relative to?

AFAIK, one of Australia biggest pension fund recently reported a negative 5-7% return on their OVERALL investment portfolio .

I wonder why didnt they just put their money in Australia fixed deposits?

Snap shot of selective events?

Isn't that's what TS is doing in his first post?

I thought you were confident that they would make money, so I challenged you to put your money where you mouth is.

But you back away, pushing me to some other sources, if you have full confidence then you should take up the challenge.

Lousy investors compared to above average investors in the market.

Don't need to sidetrack to another pension fund.

Do you feel good comparing to someone worse than you?

Evangel SG

I guess in the longer term, Temasek will do fairly well. But not great.

Nobody can predict the future. Short term losses are inevitable. Moreover, Merril Lynch is not a company that goes bust easily looking at its financial statements.

However, i dont think Temasek is buying at a price with enough margin of safety. The management is making impatient decisions. When you have lots of cash at hand, you always feel like doing something, which may be a mistake. In the longer term, i dont think they will incur losses, but their gains also will not be fantastic. I do not blame them because Temasek is not like Warren Buffett. If they dont beat the market in the long term what can we do? Suck thumb only, let them play with the country's money. They should report their annual returns using the STI and S&P as yardstick to compare performance. GIC also!

I'm not happy as they didn't disclose their returns. What kind of transparency is the garmen talking about? LOL

AndrewPKYap SG

Expect transparency from dishonorable despots? lol...

TCH05 SG

Snap shot of selective events?

Isn't that's what TS is doing in his first post?

I thought you were confident that they would make money, so I challenged you to put your money where you mouth is.

But you back away, pushing me to some other sources, if you have full confidence then you should take up the challenge.

Lousy investors compared to above average investors in the market.

Don't need to sidetrack to another pension fund.

Do you feel good comparing to someone worse than you?

I am already betting that these are good investment and it will yield reasonably good returns in 12 to 18 months considering the limited investment opportunities available right now.

I am just responding to what some forumers (might include you) are saying that they can make better returns from putting money in Australia fixed deposit than CPF 3.5%. So I am asking why didnt the australia pension fund deposit their money in fixed deposit?

If you are confident about Temasek and GIC making wrong decision on ML, Citi, and UBS, are you willing to bet against this investments?

Place you bet here and we revisit this thread in 12 months time?

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