The star-studded and heart-pumping concerts are a must-see highlight of the Singapore F1 weekend, taking the post-race stage this year on 3 consecutive nights. What can we do in case we become unemployable one.TIme management and why the lives of digital nomad.Letter to Batch 23 of the Early Retirement Masterc.Interesting encounters in my line of work.Will Goh Keng Swee buy Cryptocurrencies for Singap.How's your paper thosai private degree doing ?.
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I suspect Goh Keng Swee will jump right in since GIC's time horizon is really long and no one will really know how much GIC really has.Īnyway, readers are free to share given what you know about our history, what your answer would be. It's still not too bad, but not as hyped up as many investors make it out to be. The actual geometric return you will experience over time is 0.6639 - (0.8221^2) / 2 or 32.6%. GBTC returns (on Portfolio Visualizer) over the past 3 years are an annualized 66.39% with a standard deviation of 82.21%. We have to deduct half the variance from average returns to get actual geometric mean returns. The calculation for Geometric mean returns is not just the arithmetic mean returns. One area that possibly needs to be addressed is volatility drag. Financial experts need to contend with new forms of risk ( like smart contract risk or oracles getting manipulated by hackers ). There will be a lot of impediments to making this a reality. I would expect that if GIC were to do so, positions would be very small and diversified across many other cryptocurrencies. GIC was an early adopter of private equity so I don't see what impediments there will be to prevent cryptocurrency to be added to the mix. To meet GIC's long-term objectives, a team will determine what asset classes it can deal in. If a major trading partner makes Bitcoin legal tender, this cannot be discounted.ī) Should GIC's policy portfolio include cryptocurrency? In my opinion, there is currently no need to do so because we don't do actual business in SGDBTC. Will these reserves benefit from a small allocation to bitcoins? This was we can either control inflation or make our exports more competitive. If SGD becomes too weak, we will buy back SGD using our foreign reserves. If SGD becomes too strong, MAS will sell SGD for more foreign currencies. MAS tries to keep the Singapore dollar within two boundaries. The answer may need to be answered in multiple parts :Ī) Should Singapore include cryptocurrency in short-term foreign reserves under MAS? Would he include cryptocurrency in Singapore's asset allocation? He has powers of influence over GIC, Temasek, and MAS. Imagine if Goh Keng Swee is still around and in his prime. So the question I have for everyone is: Will Goh Keng Swee buy Cryptocurrencies for Singapore? He was also very much of a "buccaneer", buying 100 tons of gold at $40 an ounce through a secretive private deal in 1968. He was one of the earliest politicians to recognize that investing in equities can lead to higher returns. He made decisions that were counter-intuitive for its time such as employing exchange rate controls to prevent inflation and keeping the nation competitive instead of managing interest rates as central banks in other countries. Goh Keng Swee's contribution to Singapore as a founding father is uniquely consequential. I thought that after doing up my article on investing like GIC ( link), this blog should have a discussion on more advanced topics that cannot be answered even with access to advanced data, so it falls to my blog readers to speculate on possible answers.
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