Last week, on 01 November 2024, I was invited for a short interview on Money FM 89.3, Singapore’s first business and personal finance radio station, by Chua Tian Tian, the co-host of the station’s The Evening Runway show. We discussed a number of topics, some of which are:
- What the Bank of Japan’s interest rate decision and the US September Personal Consumption Expenditure numbers mean for stocks (Hints: It’s important to differentiate between the economy and the stock market; even the US Federal Reserve has very little control over the movement of US stocks, according to recent research from New York University finance professor, Aswath Damodaran)
- What the Australian Competition and Consumer Commission’s lawsuit against Optus Mobile means for Singtel (Hint: Optus represents only a minority of Singtel’s overall earnings, so even if Optus’s entire business is zero-ed, it would not be catastrophic for Singtel; but it’s very unlikely that Optus’s business would be materially diminished because of the lawsuit)
- The latest earnings results of the mega-cap US technology companies (Hint: Apple is increasingly becoming a services business; Microsoft’s latest comments on its AI revenues is positive for the sustainability of the business; Meta is already seeing clear improvements in its core advertising business from its AI investments; Intel’s future depends on the success of its foundry business, which is struggling at the moment because Intel’s most advanced chip designs are actually outsourced to Taiwan Semiconductor Manufacturing Company)
- What the upcoming US presidential election means for the US stock market (Hint: The returns an investor can earn from 1950 to 2024 by staying invested across all US presidents absolutely dwarfs what the investor can earn from only investing under Republican presidents or Democrat presidents)
You can check out the recording of our conversation below!
Disclaimer: The Good Investors is the personal investing blog of two simple guys who are passionate about educating Singaporeans about stock market investing. By using this Site, you specifically agree that none of the information provided constitutes financial, investment, or other professional advice. It is only intended to provide education. Speak with a professional before making important decisions about your money, your professional life, or even your personal life. I have a vested interest in Apple, Meta Platforms, Microsoft, and Taiwan Semiconductor Manufacturing Company. Holdings are subject to change at any time.