Why is Tesla price rising?

After our finance minister’s budget speech, I received a whatsapp message forwarded to me, you know, the usual messages that gets forwarded. I thought its fun and i am sharing part of the whatsapp message with you:

  • Petrol pumps will go away.
  • Street corners will have power charging stations that will dispense electricity
  • Electric cars will become mainstream by 2040. Cities will be less noisy because all new cars will run mostly on batteries.
  • Most traditional car companies will doubtless become financially unviable, with their current business models. They will try the traditional evolutionary approach and try to build better cars, while Tech companies ( Tesla, Apple, Google ) will take up a revolutionary approach and build a computer on wheels.
  • In 2020, a few self-driving car models were launched. In the next five years, the entire industry will be disrupted.
  • You don’t need to own a car. Instead, you will call a car with your mobile phone, it will show up at your location, and it will drive you to your destination.
  • You will not need to park your car. You will only pay only for the driven distance, and you can be productive, while being driven in a driverless car.
  • Our young generation will not need to get a driver’s license and to own a car. This will change our cities because we will need 90% fewer cars.
  • About 1.2 million people die each year in car accidents worldwide including distracted drivers or to drunk drivers. We now have one accident for every 60,000 miles of driving. With Autonomous driving that will probably drop to 1 accident in 6 million miles of driving. That will save almost a million lives worldwide each year

Well I decided to take a closer look at the EV (Electric Vehicle) sector, the related autonomous driving sector, and to understand why its market leader Tesla, keeps rising.

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How to invest in Singapore blue chip stocks

The mighty STI is officially the worst performing stock index in Asia. Google and you read many post about this. Let me first explain why I think the STI is such a laggard.


  1. DBS
  2. UOB
  3. OCBC


  1. Ascendas
  2. MCT
  3. MLT
  4. MIT
  5. CICT
  6. Keppel DC

Old economy businesses

  1. City Dev
  2. UOL
  3. HongkongLand
  4. Jardine C&C
  5. JMH
  6. JSH
  7. DairyFarm
  8. Genting
  9. Thaibev
  10. Venture
  11. Wilmar
  12. Yzj

Gov related businesses

  1. SIA
  2. Comfort Delgro
  3. ST Engrg
  4. SGX
  5. Singtel
  6. SATS
  7. Semb Corp
  8. Keppel Corp
  9. Capitaland

The banks and the SREITS have done well. Remove these 9 stocks, and the STI chart will look much worse!

Business is not as usual nowadays. It is not easy to make money as in the past. Customers have a lot more choices – online and offline. They expect good service. They expect them cheap or free. And it got to be cool 😉

Companies that succeed are those that create innovative products or services that meets the felt needs of the market. Traditional companies, especially those that employs generals, try as they might, but they cannot duplicate the success of entrepreneurial market leaders.

So how do I invest in Singapore blue chip companies? Invest in Singapore banks and blue chip REITS only! These forms my core portfolio for dividend income.  

I shall reveal my top 9 stock holdings by weightage:

The next image shows my equity returns vs the STI since June 2019.

My objective is to outperform the STI by investing in a diversified portfolio of local banks, REITS, tech stocks, and bonds.

The tech stocks I invest are listed in US and HK. I strongly believe we are in an age of renaissance for technology for the next 5 years at least. Look out for my next blog on tech stocks. I shall share about a little known Singapore company that is bigger than DBS!