STE's Stocks Investing Journey

This is the 3 rd company in my portfolio being privatized after Sim Lian and ARA Asset Management .  I have blogged about “ The Good or The Bad “ of privatization before ( here ). As I mentioned before “  Whether privatization is good or bad for shareholders, I’m sure it depends on your  entry price   and in the eye of the beholder.”

What is Bitcoin ? image credit to coindesk.com (from Wikipedia ) Bitcoin   is a worldwide  cryptocurrency  and digital  payment system  called the first decentralized  digital currency , as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name  Satoshi Nakamoto   and released as  open-source software  in 2009. The system is  peer-to-peer , and transactions take place between users directly, without an intermediary. These transactions are verified by network  nodes and recorded in a public  distributed ledger  called a   blockchain .

image credit to todayonline.com.sg CPF-IS has been hot and never-ending topic since DPM Tharman made a comment in 2016 that “ the scheme was not fit for purpose “ because over the last 10 years, more than 80 per cent of those who invested through the scheme would have been better off leaving their money in the CPF Ordinary Account. He said that over the last 10 years, more than 80 per cent of those who invested through the scheme would have been better off leaving their money in the CPF Ordinary Account since the Ordinary account still gives the member a 2.5% interest.

Finally, one of my favourite and top Behavioral  Economist Richard H Thaler from University of Chicago won the 2017 Nobel Laureate in Economics , joining another top behavioural economist like Robert J. Shiller and   Daniel Kahneman   in the list of Nobel Laureate. He has been recognized by much insightful research link to the economic decision and psychology like “ Endowment Effect “ and “ Mental Accounting “ and also a writer of many best-selling books in economics and behavioural finance.