Follow-up to the SHC Saturday Online

From last night’s SHC Saturday Online, I think there is a topic which interests many people.  This is about investments in anything else, other than savings, fixed deposits and insurance.  Our newspapers carry many articles on seniors, and how to maximise returns in preparation for retirement. 

Last night, though adhoc, the participants shared some of their experience on interest rates in Australia, bonds and exchange rates.  We had a good discussion, although I must admit the discussion was not structured.  I dont know if there is a demand for such discussions, although investments can be a pretty private activity.  I use to believe that most SHC members keep their monies under the pillow.  But, in reality, I see many SHC members do try to get more than 1 – 2%.  Some make, but, of course, many do lose monies too.

Picking up from this evening, i think we can have a similar activity, a SHC investment chat online.  We pick a date and time, and if it works or is interesting, we can have a regular timing.  For a start, I would suggest 1000 to 1100 hrs on Wed 16 Jan 2008.  You can participate without leaving your home or your office, just infront of your computer.  It’s live.

For this event, we welcome the newbies investors, those who lost monies, and those who make some monies.  If you are a small or part-time trader, has some experience in equities, forex, bonds, etc, come join in too.  After this event, we shall develop further into more specific groups, if there is interest.

If you like to participate, please register your name here.  Here’s how to enter the conference.  https://silverhairsclub.com/monthly-sunday-meeting/.  This is a live event,  and participants must be on time.

Strictly for registered SHC members only.   Not for institutional traders. 

Terence Seah

Author: Terence Seah

Founder

7 thoughts on “Follow-up to the SHC Saturday Online”

  1. Good idea. I missed it.

    You are right. All forums should start around a certain issue or question. We can start it now and round it off at the live chat session.

    Taking off from where the last chatline ended, I suggest the following title
    “Strategies for beating inflation”

    This begs two topical issues:
    (a) What is our real inflation rate?
    (b) How can we defend and even grow our wealth out of the inflation jungle?

  2. On our inflation rate, I just checked my NTUC groceries for the week. I see a current average increase of 25% to 35% over expenditure year on year. (simply compare your bill now and what you probably have spent last year at the same time)

    If it is the high end grocers like Cold Stirage it will be a cool 50% to 100%.

    What’s your experience?

  3. Hi KT

    As usual, you have lots of ideas and insights!

    Yes, costs, especially groceries and day-to-day items, have spiralled up astronomically. I used to indulge in Lurpak butter from Denmark… it has gone from $3.45 to $4.65!

    But I saw the item selling in JB for RM7.60! No, I’m not saying that we should buy our groceries from Malaysia; but what about pooling our resources (SHC members) to buy in bulk and save? Maybe even an SHC co-operative.

    Can this be our $3M idea?

  4. Hi Kenneth

    I couldn’t believe my eyes when I saw it. Refused to pay the price, so now I have no butter for my bread. If like every year, wait till nearer CNY, they have this 3 for special price. Check the expiry date though. Make sure you can finish them in 9 months time or maybe we can share hor!? The other nice butter is “President” also come in unsalted or slightly salted.

  5. Cheng…so poor thing,no need to use ‘branded’ butter lah…use cheaper version,so kesian u..hehe

    Kenneth..wah! i dinno guys also realise there’s real steep price hike for groceries?..even me,always just take & pay..nvr check how much each item costs,susah lah!…i only know..if i spend RM300 in JB Giant supermart & equivalent S$131 in Spore…wah the items so much more in Msia!..make sense to shop there rite?…maybe go once mthly..u can save quite a lot!

  6. Ken @ #3

    Looks like the Buying Club is a good topic for next chat at 1000 to 1100 hrs on Wed 16 Jan 2008

    It is entirely possible to organize a Buying Club for bulk shopping. The benefit is direct. We’ll se possibly a reduction of 30% to 50% in our groceries across the board. To start we will not be GST registered and that is 7% into the pocket.

    Live in Spore at Malaysian prices is a dream that can be made reality today.

    Here are some ideas how to set up and run this

    – Members only. When IMM started they tried to do so but failed. They tried to do too many things at one time, ran up too much expenses on real estate and did not focus on purely bulk buying as the core efficiency.

    – Members buy credit points with which to make purchases. The co-operative then use the float to fund the purchases.

    – Members can influence the buying budget decisions on a monthly voting system. The focus is on quality generic brands in large packaging or stocklot offers in order to obtain the best value in purchases.

    – Members do not have to make trips themselves saving the cost of transportation. Stocks will be brought back to a location in Singapore. We do not even have to rent a showroom or some long-term warehouse. We organize it like a weekend market. Remember booty sales? Any weekend car park will do fine. Members can just come in and make their purchases off the back of our trucks.

    – If the co-operative is profitable, bonus points will be given to memebrs on a loyalty basis eg the amount purchased in the preceding year.

    Any ideas from the rest of you. Is this interesting?

  7. As a reminder, an online discussion is ON now Wed 16 Jan from 1000 – 1100 hrs.

    The topic “Beating inflation”. If free, join in.

    Terence Seah

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