Dear Fellow Investors,
We are well positioned in our portfolios to benefit from the 2018 budget announced yesterday.
The budget is family friendly with a 15 % hike in subsidies and social assistance. Grants have been offered to small businesses interested to grow and expand
Financial policies will be put in place to make it easier to buy a house.
Income taxes were cut for the middle income group earning between RM 4,000 to 7,000 a month.
This will benefit wage earners Grants were made to rural folks, farmers and low income earners
Why will we benefit ? We benefit because we have focused on quality consumer stocks such as F &N/ Nestle/ Carlsburg/ Uchitech and Heim.
Taxes were not raised on alcohol and cigarettes so consumption of these items as well as ordinary consumer goods will increase as well as their share prices .
Monthly F & N Chart which has held up well in the recent 8 % drop in the KLSE. Will this share go up on the new budget?
On the US front the House of Representatives passed the 2018 Trump budget in a tight vote of 216 to 212 thus confirming the senate vote.
This paves the way for corporate and individual massive tax cuts which Trump has been fighting for.
This will boost world markets including Singapore/ Hong Kong and Japan. Businesses will have more money to expand and consumers more money to spend.
Invest well and grow your wealth
Bill
An inspiring story of 2 sailors and 2 dogs adrift at sea for 5 months rescued by the US Navy.
Two women have described their despair during five months lost on the Pacific Ocean, trying to avoid the attention of sharks and stave off thoughts of death after their stricken yacht drifted thousands of miles off course.
Jennifer Appel and Tasha Fuiava, from Hawaii, said their two dogs kept up morale during the darkest moments.
Their ordeal came to an end on Wednesday when they were rescued by the US Navy. They were picked up about 900 miles southeast of Japan, about 5000 miles from their intended destination of Tahiti.
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