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Wednesday, April 25, 2007

Sell Singapore shares?

Dear Mr Tan

I read that you are selling your Singapore shares. Can you tell us why?

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MY REPLY:

I find the stock market to be too high. I have decided to sell 50% of my shares and re-invest the money in the money market fund to earn 3% interest. If the stock market corrects downwards by 20% (i.e. ST index at 2,700), I will re-invest in the market.

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