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Dennis shares Useful Tips on News Radio 93.8 FM and Capital Radio 95.8 FM Print E-mail


Money Sense Program (National Financial Education Program inititated by MAS (Monetary Authority of Singapore) is sponsoring a 12-week Radio Program on News Radio 93.8 FM and Capital Radio 95.8 FM as part of its efforts to raise Financial Literacy in Singapore. And for the last few weeks, Dennis Ng, (吴加万) founder of has been invited to share with Radio listeners Useful Tips on Housing Loans and investing into Property market.



MAS has put up the recording of this Radio program on their website, the url for the Radio link is here:



MoneySENSE Radio

Starting from 26 January 2010, you can catch MoneySENSE on air at 938 Live and 958 城市频道 every Tuesday morning.
Hear views from our industry practitioners on various personal finance topics and share your views/comments on MoneySENSE Facebook page here.


Radio Station
938 Live
958 城市频道
Keith de Souza
Liang Ping
Managing Your Money
Every Tuesday, 07:10am
Every Tuesday, 10:00am
Past Episodes
09 Feb 2010
REITS - Part OneTwo
09 Feb 2010
REITS - Part OneTwoThree
02 Feb 2010
Investing in Properties - Part OneTwo
02 Feb 2010
Investing in Properties - Part OneTwoThree
26 Jan 2010
All about Home Loans - Part OneTwo
26 Jan 2010
All about Home Loans - Part OneTwoThree

Any Financial Websites to pick up Useful Tips? Print E-mail
Where to pick up pointers - 13 Feb 2010

Here are some recommended financial websites:

Related link:
» How to pick a good financial website

1. CPF website (

The virtual tools will give you a good start in estimating your financial needs. Begin by answering the questions in the IM$avvy Quiz. IM$avvy users can also watch financial videos, attend webinars, watch webcasts, read and comment on blogs and engage in online forum discussions.

Click here to find out more!
The CPF Board also launched a CPF Savviness Index Quiz last month to help you learn about CPF matters.

For basic financial planning, a good starting point is to estimate the amount of personal protection and savings you need to achieve your financial goals, said Mr Lam from IPP Financial Advisers.

Here are some virtual calculators you will find on the website:

  • The Savings Calculator will enable you to learn how much and for how long you need to save to reach your financial goals.
  • For investments, the Compound Interest Calculator helps you calculate the compounded value of an investment, which you can use as a basis for the projected returns.
  • For life insurance, there is the Insurance Estimator. Based on your current assets and liabilities, you will be able to estimate your required life insurance coverage.
  • For retirement, Mr Lam recommends the Retirement Saving Interactive Calculator which helps determine the amount of savings you need to retire based on your desired retirement age and lifestyle.

2. ipac's Online Wealth Manager (

The newly launched OWM was conceptualised to help people get a glimpse of the real values of financial planning.

Said ipac: 'The only constant in life is change; hence the flexibility to juggle several financial goals simultaneously, and understanding the impact it has on long-term capital longevity, is what gets users started on the next step.'

The user can click on one of the five available objectives. They are:

  • Planning for retirement or financial independence
  • Buying a property
  • Planning for your child's overseas education
  • Working abroad, and
  • Planning for a major life change.

This is followed by a series of interactive questions. The online wealth manager assesses a user's general financial standing based on the answers and provides a summary encouraging the user to plan his finances and to complement it with subsequent steps.

The online wealth manager lets the user develop 'what if' scenarios and calculates alternative benefit amounts, so there is a level of flexibility for users.


3. Others

For tax planning, you can plan in advance by using the Income Tax calculator to estimate your tax on the Iras website at


Financial planner Dennis Ng likes the National Financial Education website for its useful articles and consumer guides.


As he believes that a good financial website should be interactive, he visits sites that host active discussion forums.


Mr Ng notes that both and have active forums. The latter is an education website set up by Mr Ng to provide financial information and practical strategies that can be applied in the Singapore context.


Mr Chris Firth, chief executive of wealth management firm dollarDEX, said its website offers a free portfolio review for first-timers.


'It takes a comprehensive look at your portfolio from a risk perspective and assessment of your goals. It will provide suggestions for improvements to the portfolio and the amounts needed to achieve goals,' he said.


This article was first published in The Straits Times.

Housing Loan for Investing vs Home Purchase, any difference? Print E-mail

Welcome to the 121st Issue of Weekly e-newsletter by This week I like to share with you "Housing Loan for Investing vs Home Purchase, any difference?”





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Dennis Ng, - help you get BEST Deal in Housing Loans in Singapore & Australia
Housing Loans for Investing vs Home Purchase, any difference?
On 2 Feb 2010, I was invited by MAS to speak on News Radio 93.8 FM for its Moneysense program (National Financial Education Program) on the difference in getting Home Loans for investing vs Home Purchase.
I shared the differences, and the DJ Keith felt it was the first time someone explained it so simply to make it easy to understand.
Note: Dennis Ng is founder of , which helps consumers to get the Best deal in Housing Loans in Singapore and he is a volunteer speaker for MAS’s moneysense program.
Loan Amount
For most home buyers, if they have Cash/CPF, they actually try to minimize the Loan amount. For investors, they typically try to maximize the loan amount. Why? Firstly, Rental income adds to their personal income and thus, adds to their Personal Income Tax. Thus, by maximizing the Loan Amount, they can enjoy “maximum deduction” as Interest paid on Housing Loan can be deducted against the Rental Income they receive.
If they borrow more money, eg. 80% vs 70% of Purchase Price, they can also minimize the Upfront Cash they put into the property, thereby reducing the “capital” they invest, by doing so, with a smaller capital invested, they would enjoy a Higher Return on Capital, given the same increase in property value.
Eg. If a person bought a S$1 million property and price goes up to S$1.3 million, if he borrowed S$800,000 and only invested S$200,000 of his money, he would have enjoyed over 100% returns. On the other hand, if he had borrowed S$600,000 and invested S$400,000 of his money, his returns might drop to slightly over 50% instead.
Christopher Tan says important to stay invested, Dennis shares why he disagrees... Print E-mail

Today 30 Jan 2010, a Financial Planner, Christopher Tan, CEO of Providend shares the virtues of staying invested.


Actually, 99% of all Financial Planners will sing the same tune, asking clients to stay invested. However, if I had stay 100% invested through 2007 to year 2008, I would have seen most of my earlier Gains wiped out in the Stock Market Crash.


So my personal Real Life experience of selling most of my stocks in year 2007 helped me "lock in" 200% Gains from year 2002 to year 2007. Later, after the stock market crash, I started buying in Oct 2008 again and becos I have Opportunity Fund, that is why I have money to buy when prices are low.


Again, this strategy of buying during a Crisis (something I share in all my seminars) helped me see my stock portfolio gaining 40% by end 2009.


If you still want to listen and follow the "it is wise to stay invested" advice given by most Financial Planners, then go ahead, what I know is that you won't get much Richer following such a strategy.


On the other hand, by applying Market Cycle Investing strategy, selling out when Market is high and buying big when market is low, I'm quite confident that this strategy would still work going ahead and would help me get Richer and Richer.


Think about it.


[quote="Dennis Ng"]Business Times - 30 Jan 2010

The importance of staying invested
Many investors who exited market during the financial crisis and waited for the right time to enter are still sitting on cash

By Christopher Tan
CEO, Providend


THE last 12 months have been a humbling process for all in the investment advisory and management business. When the markets came tumbling down, most didn't see the storm coming. And when everyone predicted it to last for a long time, the financial markets recovered just six months later.


During the depth of the crisis, many 'experts' appeared and slammed the buy-and-hold strategy, advising investors to move to cash and wait for the right time to enter. Many who exited are still sitting on cash today.


Staying invested now seems to be a better idea. Those who suggested timing the markets seem to have disappeared overnight. Of course, there are a few who successfully exited and entered the markets again. But how many times can they be so lucky? For we all know that no one can be right most of the time. It remains to be seen what their investment results will be in the next 10 years by guessing the best time to invest. But going by history and plenty of research, I am not the least hopeful.


Having spent more than a decade in financial planning and wealth management across three crises (the Asian financial crisis, the tech bubble and the current crisis), I have concluded that the key to successful investing for most of us is to stay invested and keep investing.


Using time to ride through the volatility and using the average long-term returns of the market to get compounded returns is the best way to reach our goals.


But investors find it hard to believe that it is really so simple. We prefer to believe that there must be someone really smart out there who has a crystal ball, and can tell the future with great accuracy. Hopefully, the last 12 months have shown us that this is a fallacy.


Although the idea of staying invested and keep investing is simple, it is really difficult to execute. I know it sounds oxymoron, but let me explain. You need the three 'S' to be present:

1) Sufficiency mindset,
2) Strong financial foundation, and
3) Strong adviser.


Supply Goes Up, Demand Might Dip for HDB Flats and Condos... Print E-mail

29 Jan 2010 - Those who are rushing to buy HDB Resale Flats should take note of this latest announcement by Minister Mah Bow Tan that HDB might review rules to weed out speculators and rental investors, this might cause a dip in the demand for HDB Resale Flats.


Another thing to note is that HDB Resale Flats' prices are now at Historical High.


HDB recently also announced that it is ready to build more HDB flats to meet demand, and with total of over 20,000 units of condos to be completed in year 2011 and year 2012, supply of properties (both HDB and Private condos) are going up in the next 2 years, if supply goes up and demand comes down, prices are likely to come down as well.


Looks like "High Home Prices" is one of the main concerns of Singaporeans. My personal hunch is that a General Election is coming soon, and they would like to keep prices stable or even slightly lower to win the Young Singaporeans' votes.




Dennis Ng,


P.S. Above information is just sharing my personal comments and opinion and is NOT meant as investment advice to buy/sell/hold properties nor property stocks.



HDB reviewing rules to weed out speculators & rental investors
By Joanne Chan/Hoe Yeen Nie, Channel NewsAsia | Posted: 28 January 2010 1747 hrs

Photos 1 of 1   

HDB flats
HDB reviewing rules to weed out speculators & rental investors



SINGAPORE: The Housing and Development Board (HDB) is reviewing its rules to curb speculation and illegal subletting in the public housing market.

National Development Minister Mah Bow Tan said the move is to ensure prices are not being artificially inflated.

The review comes amid fresh concerns over the affordability of public housing sparked off by HDB's latest data that showed resale flat prices continued to climb in the fourth quarter of last year.

In addition, the median cash premium that home owners have to pay upfront doubled to S$24,000, prompting calls for the government to step in.

But Mr Mah noted that the resale market should be allowed to operate as a free market, with prices set on a "willing buyer, willing seller" basis.

He said: "Now, if you are a buyer, you feel anxious because you want prices to be low. But if you are a seller, you want prices to be high. So it's not possible for the government to set the resale prices.

"If you were to interfere in the COV (Cash-Over-Valuation), or the resale flat market, essentially, you are saying the government should set the resale flat prices which I think both parties will be unhappy. Why? Because the buyer may be happy today, but today if he's a buyer, tomorrow he would be a seller. Then when we set the prices and he wants to sell, he will be unhappy."

Dennis Warned about Stock Market Correction on 21 Jan 2010! Print E-mail
Welcome to the 120th Issue of Weekly e-newsletter by This week I like to share with you "Dennis warned about Stock Market Correction on 21 Jan 2010 (Thursday)!”
If you have friends who like to receive this information-rich FREE Weekly E-Newsletter, ask them to go to our website where they can sign up immediatelyand get a FREE Special Report "How to cut your tax legally by 23% to 59%?"

Dennis Ng, - help you get BEST Deal in Housing Loans in Singapore & Australia
Dear [NAME],
Welcome to the 118th Issue of Weekly e-newsletter by This week I like to share with you "Year 2010 Outlook for Singapore Stock Market”
If you have friends who like to receive this information-rich FREE Weekly E-Newsletter, ask them to go to our website where they can sign up immediatelyand get a FREE Special Report "How to cut your tax legally by 23% to 59%?"


Dennis Ng, - help you get BEST Deal in Housing Loans in Singapore & Australia


Dennis Warned about Stock Market Correction on 21 Jan 2010 (Thursday)

I have a seminar attendee who attended my seminar. His only regret is that he didn’t attend my seminar earlier, or else he might have avoided losing over S$200,000 in stock investing….

The last week saw Global Stock Markets falling…..if you had attended our 1-day seminar, you would be given FREE membership to our discussion forum and you would have had advance warning.
Yes, on 21 Jan 2010 (Thursday), I made the following posting in the discussion forum:
Stock Market correction coming?

The entire Asian markets have fallen in last 2 days, is this the start of the Long Awaited Correction?

Remember that STI didn't really make any significant correction from run up of over 100% from 1,456 to 2,900.....only momentarily pausing between 2,600 to 2,700.....

Thereafter I also asked my friend and co-trainer Yip Khiong for the 2 day Secrets to Making Money in Stocks Seminar for his comments from a Technical Analysis point of view and he wrote on the same day:


With 21 Jan 2010 (Thursday) today's STI closing at a new low of 2850.98, a series of lower highs and lower lows has formed (the most recent low being 2999.38 on closing price of 13th Jan; I'm referring to daily chart). This is an evidence of a short-term downtreand, while longer term trend (base on higher Moving Averages) remains up. – Yip Khiong, co-trainer with Dennis Ng on Secrets to Making Money in Stocks Seminar.

Another posting by me (Dennis Ng below):
On Tuesday 19 Jan 2010, spoke to one of my investing mentor. He is one of the rare persons who is good in both stock investing and property investing.

He told me he sold most of his stocks bought in year 2009 as TA wise, the market was already over-bought and many stocks have risen quite a lot, the upside potential vs downside risk is not favourable enough...
You can avoid losses and improve your investment performance in Stock Investing, learn How to Invest before you Risk your Money Further….
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Seats are Limited to max 55 only. You can book your seat and pay for the seminar online at this url:
If you receive this email, you can get a Special S$299 discount, just email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it providing your name and contact number and we will tell you how to get your S$299 discount!
Date: 2 full-days on 27_and_28_Feb_2010
Time : 9 am to 6 pm. (Registration at 8.30 pm, seminar starts at 9 am).

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If you drive, please park Rendevous Hotel, Plaza by the Park or YMCA.
Secrets to Making Money in Stocks_Seminar_
Should you invest into Gold and Silver? (Bonus/additional material)
What are the factors to consider when investing into Gold and Silver? (Bonus Material)
How to Prepare and Analyse your own Financial Statements
How to assess your own Financial Health
How to Prepare and Analyse Company’s Financial Statements
How to assess a company’s Financial Health
What are the common “tricks” listed companies use to “beautify” their Financial statements?
What are the warning signals of a company using Financial Analysis?
Learn the Practical_tools of Fundamental Analysis of Stocks
Learn the Practical tools of Technical Analysis of stocks
Learn how to decide what stocks to buy using Fundamental Analysis
Learn how to decide When to buy and When to sell by using Technical Analysis
How to combine the teachings of Warren Buffett, George Soros and Jim Rogers in making money from stocks?
How to identify trends using Technical Analysis?
The Psychology of Investing. How to be ahead of the market using Psychological Investing?
If the results of Technical Analysis and Fundamental Analysis differ, what to do?
Sharing by_Dennis on 3 successful stock investment strategies he used that have netted him over 100% returns_time and again.
Note: above is just my personal opinion. This e-newsletter is not giving you advice.
We help consumers compare all the Housing Loan packages so as to help them get the BEST deal.
How much do we charge for our service? As we're paid by banks separately, we have decided NOT to charge a fee for our service. Therefore, this service is FREE to you and you have nothing to lose and everything to gain by engaging our service.
Just call us at 6737 8801 or email us at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it if you're considering to buy a property or refinance your Housing Loan, whether in Singapore or in Australia and you want to make sure you get "pre-approval" of loan before you commit your cash.
Dennis Ng on behalf of get you BEST Deal in Housing Loan in BOTH Singapore and Australia!
6737 8801 or 6339 9255
Chasing Hot Stocks or Hot Funds Lands One in Hot Soup... Print E-mail

Capitaland was S$4.20 recently before falling to S$3.86 on 26 Jan 2010, or a drop of 8%.

If we look at the historical chart, highest price was S$5 in year 2007, lowest price was S$1.80 in year 2009. At S$4.20, how's the Upside Potential vs the Downside Risks?

Its Net Asset Value is S$2.96, at S$4.20, Price to Book Ratio is 1.42 times...not low.

It just announced buying Oriental Overseas (International) for S$3 billion in Cash, which owns alot of properties in China.

Currently, China Property Market is already very hot and a property bubble is forming.....any measures by China to cool down property market in China would be negative news....

Thus, Capitaland now has "added China risk/exposure/potential.....which can work for it or against it.....

The CEO of Capitaland probably has no choice, as he disclosed that it is Capitaland's target to increase its proportion of assets to China market to 45% from 25% before the purchase. (Purchase of Orental will increase percentage to about 35%) he is somewhat constrained by their company's strategic direction, and BIG deals like this do not come often.

Why Capitaland has so much Cash? Becos smart investors (or is it foolish investors) bought the Capmall Asia it listed at 1.7 times Book Value recently.

Anyway, I personally would not be thinking of buying China property or China property related stocks becos I learned from "bitter lessons in the past that " chasing Hot Stocks or Hot Funds typically lands one in Hot Soup.

I don't like Hot Stocks, I like Cold Stocks, becos I can buy at low prices for Cold Stocks, but must pay High Prices for Hot Stocks. Please don't forget that one simple way to make money in investing is Buy Low, Sell High.


Dennis Ng,

The purchase of the Orient Overseas Developments Ltd. unit includes seven sites in Shanghai, Kunshan and Tianjin, with about 1.48 million square meters of floor space, the Singapore- based developer said in a statement after markets closed yesterday. About half is residential and the rest is office, retail and hotel space, CapitaLand said.

CapitaLand has cash after it raised S$2.8 billion ($2 billion) from the initial public offering of CapitaMalls Asia Ltd. in November. Orient Overseas, Hong Kong’s biggest container line, is exiting real estate projects in China after a slump in global trade and excessive capacity in the shipping industry led to its first loss in 10 years. Orient Overseas posted a $231.8 million loss in the first half ended June 30.

Orient Overseas said in a statement yesterday that the property unit has lost money in the past two years. Orient Overseas said it will keep a 7.9 percent stake in Beijing Oriental Plaza in the Chinese capital and its wholly owned Wall Street Plaza in New York City after the deal.

Orient Overseas, controlled by the family of former Hong Kong Chief Executive Tung Chee-hwa, had revenue from property development of HK$14 million in the first half of 2009, or less than 1 percent of total sales of HK$2.07 billion ($267 million). Tung was Hong Kong’s first post-colonial leader after Britain handed the colony back to China in 1997.

The deal with CapitaLand is Orient Overseas’ biggest asset sale since it agreed in November 2006 to sell four container terminals in the U.S. and Canada to Ontario Teacher’ Pension Plan for $2.35 billion.

Year 2010 Outlook for Singapore Stock Market Print E-mail

9 Jan 2010 -   Last year in January 6, 2009 article, "This year the economy will enter a cold winter", when most analysts are pessimistic about the stock market, I mentioned in the article the stock market may be bottoming out in 2009 recovery.


How will 2010 be? What can we learn from our experience in 2009?

You cannot see the Future looking at the Rear View Mirror:

Many people make the common mistakes of looking at what just happened to predict the future.


In year 2008, global stock markets fell by 50% to 70% in 2008, many people lost money investing in stocks. Thus, in early 2009 because they were "once bitten, twice shy",  many people missed opportunities to buy stocks at low prices.


Now a year later, Singapore's Straits Times index rose nearly 100 percent, from the lowest point of March 9, 2009 of 1,456, up to 2,894 points on 5 Jan 2010. Some analysts from last year's extreme pessimism, reversing a 180-degree, has become extremely optimistic, some even predicted that the stock market in 2010 may exceed 2007's 3,900!


Similarly, they seem to forget the FACT that you cannot see the Future looking at the Rear View Mirror , because the stock market did very well in year 2009 does not necessarily mean that it would repeat the same good performance in year 2010.


You Can Watch Video Recording of Talk "Making Sense of Home Loans" here... Print E-mail

As you might know, Dennis Ng, founder of was invited to speak at "Mind Your Money" Seminar, on 28 Nov 2009 at Pan Pacifc Hotel Ballroom on "Making Sense of Home Loans" .

If you missed this seminar, no worry. MAS has put up video recording of the seminar at moneysense website.


Here is the link to watch Dennis’ talk "Making Sense of Home Loans".

Regards. – FREE Unbiased Analysis of ALL Housing Loans in Singapore, Malaysia and Australia!
Doe ends highest level in year 2009 on better than expected retail sales Print E-mail

NEW YORK ( -- Better-than-expected reports on retail sales and consumer sentiment lifted big blue chip stocks Friday, but gains were limited by weakness in technology and the strength of the U.S. dollar.


The Dow Jones industrial average (INDU) rose 66 points, or 0.6%, to finish at its highest level of 2009. The S&P 500 index (SPX) gained 4 points, or 0.4%. The Nasdaq composite (COMP) ended little changed. The Dow and the S&P ended the week higher, but the Nasdaq slipped.


Big consumer stocks Coca-Cola (KO, Fortune 500), McDonald's (MCD, Fortune 500) and Walt Disney (DIS, Fortune 500) were among the Dow's gainers. Conglomerates General Electric (GM, Fortune 500) and 3M (MMM, Fortune 500) also gained, reflecting some economic optimism.

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