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Author of Sun Tzu on Investing, Curtis J. Montgomery, Endorses Dennis' Book! Print E-mail

Most of us are not taught much about personal finance and investment during our school days.

Sure, we learn all the basics—math, science, literature and history—and enter the real world armed with all the necessary skills to land a good job and earn a living. Paradoxically, we are also still in the dark about what basic finance skills are necessary to help us reach a comfortable retirement.

We know how to earn money, but that is only half the equation for success. We must also learn how to protect it and make it grow by implementing savvy personal finance and investment decisions throughout our lives.

This educational gap is filled by generous and knowledgeable advisors like Dennis Ng. In this book, Dennis kindly shares with readers a compilation of various articles covering a plethora of personal financial issues that will be of interest to everyone. Some of his advice will seem so commonsense you will think, ‘why didn’t I think of that before.’ Other concepts will be counterintuitive, such as learning that it may not be very wise to pay off your home mortgage early.  

Implementation of the ideas into your everyday life will require nothing more painful than discipline and patience—although these human commodities tend to be rare in today’s instant gratification society. Retiring comfortable, even wealthy, is now within your grasp. Dennis will help you learn to be efficient with your money and live a little below your means so you can set aside savings, and invest your savings wisely with a long-term view.

We live in turbulent and challenging times. Nonetheless, Dennis’ timeless little gems of wisdom never go out of style. As he likes to say with such gusto, “Yes, you can retire a millionaire!” 


Curtis J. Montgomery,
Author of Sun Tzu on Investing – 15 Strategies for Dynamic Investments

H1N1 Might Become Global Pandemic & Derail Stock Market Recovery... Print E-mail

Some people asked me what could possibly happen to "derail" the stock market recovery?


Actually, many things can happen unexpectedly. Any possible war/conflict in North Korea/South Korea; any possible war/conflict in Middle East, including Iran; any unexpected bad news on U.S. economy; any unexpected bad news from China; and last but not least H1N1 (swine flu) might become a Global Pandemic....and when it happens, the impact might be worse than year 2003's SARS....


Never say never.


Latest News from Australia said that a possible pandemic might happen in Australia.



Dennis Ng,

AFP - Wednesday, June 3GENEVA (AFP) - - A swine flu pandemic is looming closer with the virus showing early signs of spreading outside the Americas, a WHO official said Tuesday, as Australia's tally soared to nearly 500 confirmed cases.

"Globally we believe that we are at phase five but are getting closer to phase six," said Keiji Fukuda, World Health Organisation assistant director-general, referring to the agency's six-level pandemic alert system.

Phase five signals that a pandemic is imminent while the world would be in a pandemic -- marking global spread -- at phase six.

"It is clear that the virus continues to spread internationally. We know there are a number of countries that appear to be in transition moving from travel-related cases to established, more established community-type spread," added Fukuda.

A criteria for the WHO to move the six-scale alert to phase six would be established community spread in a country outside the first region in which the disease was initially reported, in this case, outside the Americas.

"However, we still are waiting for really widespread community activity in these countries. So I think it's fair to say that they are in transition and are not quite there yet, that's why we are not in phase six yet," he said.

But he stressed that countries like Britain, Spain, Japan, Chile and Australia were showing larger numbers of A(H1N1) influenza infections, "with some early spread into communities."

Other than geographical spread, member states have asked WHO to integrate an assessment of the disease's severity into its criteria for moving up the alert scale and declaring a pandemic.

Some 18,965 cases of infections including 117 deaths have been reported to the WHO by 64 countries around the world since the virus emerged in the United States and Mexico in April.

The renewed warning came as Canada reported its third swine flu death; two people were hospitalised in Scotland in intensive care and Egypt and the tiny European duchy of Luxembourg confirmed their first cases of the A(H1N1) virus.

Egypt, the most populous Arab country, has undertaken a controversial cull of the country's estimated 250,000 pigs after initial reports of swine flu outbreaks in other countries.

Spain, the first European country to confirm a case of swine flu on Tuesday reported 13 new confirmed cases at three schools in the Madrid region, one of them a kindergarten, bringing to 15 the total number of children affected.

The World Health Organisation said on Monday there are 178 confirmed cases of the disease in Spain.

The health minister of Australia's Victoria state Daniel Andrews said Tuesday 89 new cases had been identified overnight, taking its total to 395.

The national count in Australia now stands at 496, the fourth largest worldwide and the biggest in the Asia-Pacific region.

Australia had only one case of swine flu just a fortnight ago but the numbers have grown exponentially since the controversial move to let infected passengers leave a luxury cruise-liner last week.

On Tuesday, Carnival Australia warned that another of its vessels had been turned away from the French Pacific territory of New Caledonia because of possible flu cases among its passengers

Robert Kiyosaki Says US$ Will Go to Zero, What is Dennis' View? Print E-mail

Robert Kiyosaki and his "team" of advisors were in Singapore recently to conduct a 2-day seminar. During the seminar, Robert Kiyosaki warned that US$ might go down to zero...


Actually, I disagree with his view. He forgot something. The US$ is currently the World Reserve Currency. Most countries have alot of their foreign reserves in US$. Secondly, U.S. is the world's largest Debtor nation (owes the most money).


Imagine if you lend money to someone and this guy goes to zero, what will happen to you? You will also go down the drain with him. That is the situation the whole world is facing right now.


If U.S. goes down, so would the World. Thus, it is actually in the interest of NOT just U.S. but the whole world to ensure that even if U.S. dollar will lose its dominant position in the Global economy, this is likely to be done over a period of say 30 to 40 years, not 3 to 4 years.


This is NOTHING new. Before World War II, UK's British Sterling Pounds was the world's dominant currency. Even though UK loses it dominant position to U.S. after World War II, (1944).


After more than 60 years, Sterling Pounds, though a weaker currency, is still a very stable currency, even though it has lost its dominant position in the world.


Thus, this is also a possible scenario for the future of U.S. and US$.


People such as Robert Kiyosaki paints a picture of Global Catastrophe. The thing is do you honestly think that the Whole World and all the governments of different countries will stand by and do nothing to see the collapse of U.S. and the whole world?


I think it is very unlikely. Robert Kiyosaki has a different view though. What is your own view?


Having Financial Literacy is the ability to think for yourself, not to listen to other people, whether Robert Kiyosaki or Dennis Ng blindly. Do not treat every word they say as the Truth, learn to analyse what they say and ask if it makes sense or not.


Below is a recent statement by China to reaffirm that China backs US dollar as reserve currency.




Dennis Ng,


Financial Times: US dollar backed as reserve currency

“A leading Chinese financial official on Monday rejected suggestions the US dollar could be replaced quickly as the global reserve currency, as US Treasury secretary Tim Geithner arrived in China on his first official visit.


“‘In the short term I don’t think we can find another currency to replace the US dollar,’ said Guo Shuqing, chairman of China Construction Bank and former head of the country’s foreign exchange administrator. ‘The US dollar is the main currency because their economy is number one in terms of competitiveness, in terms of innovation.’


“Speaking in an interview with the Financial Times, Mr Guo also raised doubts about a proposal from China’s central bank governor, Zhou Xiaochuan, to replace the dollar with a ’super-sovereign reserve currency’ based on special drawing rights issued by the International Monetary Fund.


“‘We’ve had SDRs for many years but everybody knows they don’t work so well,’ said Mr Guo. ‘People worry about US dollars very much because of the imbalances in the current account but that has been the case for many years - they have had a deficit in the current account since the very beginning of the 1970s.’

“The bulk of China’s total international investment position is held in US dollar assets and only 6% is in the form of direct investment.


“Fears that US moves to tackle the recession could undermine the value of the dollar have led to calls from senior Chinese officials, including Mr Zhou, for more conservative fiscal policy and suggestions that the dollar be replaced as the world’s reserve currency.”


Source: Lionel Barber, Martin Wolf, Jamil Anderlini and Kathrin Hille, Financial Times, June 1, 2009.

Stock Markets Are Moving Higher, Are You Getting Excited? Print E-mail

Many stocks have almost doubled in price in the last 2 months. eg. DBS from S$6+ to over S$12+, OCBC from $4 to almost $8....while this is exciting news for most people, and as the weeks passed by, more and more retail investors are jumping into the stock markets.


However, personally, I think that the surge from March 2009's low of 1,456 for STI till now is a little overdone. How much upside can you expect if you buy at 2,300 levels right now? For the S'pore market to go up to 2,600 is only 13% upside. What about the downside, is it possible for S'pore market to drop to about 1,800? If it drops to 1,800 levels, that is downside of 22%....


One simple rule of Thumb I use to guide me in investing is that the upside potential must be at least double the downside potential, this is not the situation right now, which is why I'm not buying more stocks, but just holding on the 30% of my wealth in stocks.


Below is some comments from David Fuller on the majot asset classes.




Dennis Ng, - When you Master Your Finance, You Master Your Destiny!


David Fuller (Fullermoney): Outlook for major asset classes “Cash (fiat currency positions) - These need to be managed if purchasing power is to be preserved. For instance, barely two months ago people were still referring to the USD as a ’safe haven’, but it is predictably and clearly sliding once again. In contrast, the currencies of emerging Asia/Pacific and resources exporters are in fashion once again.


“Monetary metals - We are living through the greatest monetary reflation in global history. Until reined in, this is the key driver of many trends. Connecting the dots, precious metals such as gold, silver and platinum are obvious beneficiaries.


“Commodities - Chart action supports Fullermoney’s contention that the commodity supercycle was sharply interrupted by the global recession, not halted. We still have a chance to repurchase many of these resources cheaply once again, before they reach price levels which choke off demand. Inflation hedge money is moving into most commodities. Fullermoney has previously mentioned a resources war, hopefully of the non military variety. Currently, this is being won by China which continues to boost its strategic reserves, while also using its financial surplus to secure long-term supplies at attractive prices.


“Stock markets - Equities are proving to be inflation hedges and economic recovery candidates of choice, along with monetary metals plus industrial and agricultural commodities. Consequently the next bubbles will emerge from these groups, as I have said before. However performance varies considerably. Price charts are the best guide and Fullermoney themes - emerging Asia, resources, technology - remain in leading positions. We can expect a multi-month correction once this maturing first upward leg runs out of momentum. For leaders, this will probably be limited to reversion to the mean in terms of 200-day moving averages, which are beginning to rise.


“Government bonds - The bear market in long-dated issues is underway, although it may experience some temporary respite when stock markets undergo corrections. Among corporate bonds, conservative investors may prefer to not stray from quality issues, unless you are specialists in this area. Too many corporate hangovers are due to excessive balance sheet leverage.”


Source: David Fuller, Fullermoney, June 3, 2009.

Dennis' Book Outsells Adam Khoo's books at Singapore Book Fair! Print E-mail

I went for the Autograph Signing Session for the launch of my book "Mastering Your Personal Finance" at Singapore Book Fair on 6 Jun 2009 (Sat).


My distributor said that my book actually outsells Adam Khoo's books at the Book Fair. I was very delighted with this news.


This Chinese/English book is entitled: "Mastering Your Personal Finance 如何做个理财掌门人


He said probably because my book has Both English and Chinese Content, thus able to appeal to more people in Singapore....


I shared with him that I am actually English Educated, and only studied Chinese as my 2nd Language, he was very surprised to hear that, and I'm possibly the First English Educated Singaporean who wrote a book that has Chinese content in Singapore.


Some friends asked me why I bothered to write in Chinese/English? I said that I notice that there are alot of books in English, but little information out there on Personal Finance is in Chinese. Thus, by writing the Very First Chinese/English Book on Personal Finance, I'lll be able to reach out to more people.


Since my Personal Mission is to help raise Financial Literacy level in Singapore and the region, the more people I can reach out to, the better it will help to fulfill my mission.


If you want to take a look at this book at bookshops, you still need to wait probably about 1 month. Since, my distributor and myself are now planning to launch the book with a Big Bang at major bookshops, it might take another 1 month before you can find this book at major bookstores, such as Kinokuniya, Popular, MPH etc...


Dreams do come true.


Me writing and launching a book is one such Real Life Example that one can make one's dreams come true. I hope to inspitre and encourage you, "if Dennis can do it, so can you!"


P.S. This book is also launched to commemorate the setting up of a Public Financial Education website and the launching of "How to Save and Accmulate One Million Dollars Seminar".




Dennis Ng,

How to Invest into Gold? Print E-mail

We have received many email enquiries on How does one invest into Gold.


Below is How You Can Invest into Gold, hope the information is useful.






Dennis Ng,

How to become a gold investor
GOLD investing is not simply a matter of buying a piece of the metal to lock in a safe place. There are many ways to own gold and, quite often, you do not see the actual thing at all. For instance, Singaporeans can buy gold by using their Central Provident Fund Ordinary Account savings to invest in gold savings accounts or gold certificates. Their value mirrors any rises or falls in gold prices.
How Many Fund Managers Really Help Grow Your Wealth? Print E-mail
I read the article by Christopher Tan of Providend entitled:"The market will rise again".

My comments:
1. of course everyone knows one day the market will rise again. However, if you really think about it, rather than sitting through the entire ups and downs of the markets like a roller-coaster, a person would have made much more money by getting out of the market when it was near the peak and getting back in again when it is near the bottom?

Give you one example, if last year I didn't sell my Tiong Woon shares at S$1 and held on, today I will be holding Tiong Woon's shares back at 34 cents......I would have sat through the entire roller coaster ride (up and down) with NO Profits to show for it.

2. He also mentioned invest during Crsis. This is something I advocate. However, the problem is most Financial Planners, including Christopher Tan, advocate on keeping your money invested. If you had all your money invested, now that the market is lower, do you still have Cash to invest? The answer is NO.

Thus, unless a person has built up an Opportunity Fund (something I repeatedly emphasize its importance), you're likely to only stare at Opportunities but cannot do anything at all, you just let the Opportunities pass you by becos you have NO Opportunity Fund to begin with!

I made over 300% returns in last 5 years, and managed to avoid most of the market downfall in the last 8 months since I've taken profits and shifted most of my money into Cash before the market downturn.

Thus, I'm quite interested to know just how much returns did Financial Advisory firms such as Providend help their clients make in the last 5 years of Glorious Bull Run. If they made anything less (since STI also went up almost 300%), then what for pay them Wrap account fee for helping you manage your money. You can simply buy STI ETF and still get the same result at a much lower cost.

How many Wealth managers out there are really growing clients' wealth? How many are just happily managing other people's money and getting rich by charging the annual fees for fund under management year after year?

Food For Thought.


Dennis Ng
Accolades and Endorsement for Dennis' Book "Mastering Your Personal Finance" Print E-mail

As you might know, Dennis Ng just launched the Very First Chinese/English Book on Personal Finance in Singapore at Suntec City Convention Hall 402 - 404 (Level 4) from 29 May to 7 Jun 2009.




This Chinese/English book is entitled: "Mastering Your Personal Finance 如何做个理财掌门人




We have arranged an autograph signing session on 6 Jun 2009, 4 pm to 5 pm. We are offering a Special 20% Discount to the Book at the Singapore Book Fair.



Autograph Signing by Dennis Ng on Date: 6 June (Sat) Time : 4-5pm



Dennis is launching this book to commemorate the setting up of a Financial Education Website:



Below are some Accolades and Endorsement for Dennis' Book:  



In this book, Dennis has shared many useful tips and practical strategies on managing and growing wealth. I'm sure you will gain valuable insights from it.

Lorna Tan, Editor of Invest section in The Sunday Times
Co-author of Personal Wealth Management



Dennis Ng is very enthusiastic in learning. He has been attending National Achievers' Congress and other seminars which my company, Success Resources organizes annually since 1999.

Over the years, I've seen him grown tremendously. He absorbs knowledge likes a sponge and managed to learn from Financial Gurus, such as Robert Kiyosaki, Jay Abraham, T. Harv Eker etc, most importantly, he took massive action to apply the knowledge gained to become a Millionaire himself.

I'm very glad to see him sharing his knowledge/experience in newspapers Personal Finance column, and now his latest attempt, to come up with a very easy to read book on Personal Finance that can be applied by the average person out there to master their finances and achieve Financial Freedom.

It is possible to pursue your passion and become Rich. Dennis is one such living example. I'm glad to have witness his journey and transformation over the last 10 years. Buying this book might be your best investment for your own financial future.

Richard Tan,

Chief Executive Officer, Success Resources Group and the

Winner of Phoenix Award 2003.







财金追击与理财101 主播,新传媒中文新闻部



I strongly recommend that you gain more financial intelligence from Dennis' sharing. He is truly insightful and he has added great value to many people.

Wendy Kwek,

CEO, Executive Directions Pte Ltd, Spirit of Enterprise Awardee 2004



I have known Dennis for the last 21 years and have seen him grown from a young bank executive to a professional financial planner and a successful entrepreneur who has achieved his own financial independence. He is always passionate in sharing his knowledge and is a walking example of what he teaches. This book is a treasure trove of the secrets of his success.

Nixon Neo

General Manager, Alpha Mastery Pte Ltd - an Education and Training Company



Dennis is thoroughly familiar with Housing Loans as well as the financial matters faced by many of the public. Analogies used are close to our hearts and can strike a responsive chord with readers, allowing readers to understand the abstract concepts easily. My full endorsement to this book.

Adrin Loi, Executive Chairman, Ya Kun Kaya Toast 



I've known Dennis since our university days when we were classmates. Over the last 16 years, he has always been eager to share his passion and knowledge in various aspects of personal financial planning. I'm sure this book is a comprehensive guide for anyone who is serious about planning for their future.  

Michelle Chin, Fund Manager

There are lots of financial books available in the market, but these are generally written by U.S. or UK Writers and obviously with their culture and local environment in mind.  
Dennis is writing from an Asian and Singaporean perspective, and with an acute understanding of the Asian mindset. This book will definitely be a useful guide to managing one’s finances, whether it is with regards to insurance, investments, borrowings or tax planning. 

John Nai, Business Owner, Coastal Midwest Transport, Australia.


" To achieve financial freedom and security,one has to regard financial planning as a priority in life.Dennis has given some good ideas that are useful for personal financial planning.Your future is now in your hands"  


Major (NS) James Sim CFP, President, Financial Planning Association Of Singapore       


 Dennis is a man of deep passion, conviction, and heart.  I have seldom seem a man so committed to a vision as his,  and a real want to help and assist others.



Dennis is a man of integrity, deep compassion, and and perseverance.   It is an honor that he has asked me to contribute to his book and I heartily and with great humility
endorse Dennis Ng and this work.



Respectfully and lovingly
Larry Gilman, Communications Trainer for “Mastery” workshops

JP Morgan Chase says Gold prices might hit above US$1,300... Print E-mail

Business Intelligence: Gold will ultimately hit US$1,300 on inflation hedging, says JPMorgan Chase “Jan Loeys, the global head of market strategy at JPMorgan Chase & Co said commodities are going to move higher as investors start to get concerned about inflation.


“Speaking on Bloomberg Television from Hong Kong, Loeys said: “The global recession and the US recession probably is over this month, maybe next month. Commodities, materials in particular, are going to be benefiting right now as investors start to get a bit worried about future inflation.”


“‘Over the next year or so, we think we are going to be crossing US$1,000, probably go ultimately to US$1,200, US$1,300 just for inflation hedging and lack of supply,’ Loeys said.


“Clients ‘are very worried about inflation in two, three years time,’ Loeys said in the interview. ‘The buying we are seeing now in commodities is really hedging, hedging off the potential risk that we will see a spike in inflation.’


“Loeys said crude-oil prices may rise faster than gold in the next few months as energy demand picks up.”

Source: Business Intelligence, May 17, 2009.

Gold prices heading towards US$1,000, why did Dennis invest in Gold and Silver? Print E-mail

As some people might already know, for more than 2 years, I've spoken about why I invested 8% of my money into Gold and Silver, as a possible "insurance" (hedge) against Global Uncertainties. As some might also know, I have some investments denominated in US$.  Thus, how do I mitigate the risks of a possible devaluation of the dollar? By having some money into Gold and Silver.


My average cost of Gold is US$790. On Friday 29 May 2009, Gold closed US$979.50 or 24% up. My average cost for Silver is US$14. On 29 May 2009, closing price for Silver was US$15.79 or 12.8% up.


In the next year or so, Gold prices might rise beyond US$1,200, while Silver might rise beyond US$20...


One possible scenario that might occur in the next few years is "Stagflation". ie. the global economy bottomed, but just remain stagnant. However, because of the huge "printing of money" by governments all over the world to "save the economy", it resulted in sharp rise in inflation, thus resulting in a Stagflation.


In a Stagflation scenario, prices of  "real goods" including Gold and Silver, Real Estate, Land, French Fine Wine and other commodities will rise like crazy, which is why I have invested into some of these assets already. 


On the other hand, stocks typically do very badly in a stagflation because business volume remain low while costs increases, resulting in fall in corporate profits and thus low stock prices. Have you similarly positioned yourself for the possibility of a "stagflation"? How would your investment portfolio perform in a stagflation scenario? (I know I would still be making money from my diversifed investments though)....



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