Life Term Strategies

1. Huge Gains in Long Term
- Receive significant capital gains
- by investing in corporations
- (with wide economic moat & average peers’ net margin)
- In very very long term

2. Strong Periodic Cash Flow
- Maintain self-sufficient monthly cash flow
- Through dividend, gains on derivative & short term trading
- For re-investment to item # 1 mentioned above

3. Mind for Risk Management
- Ensure strong cash position
- Maintain low risk by continue monitor, analyze & feel:
economic trend & environment,
market condition & investors emotion
corporate performance & outlook
asset allocation & direction

4. Be a holy Christian investor:
- Invest in wisdom & varies ways, but consistent & not over nor under of what the Holy Bible expects a Jesus follower should be
- Keep regular & long term spiritual growth
Continue experience God @ finance market
Aim for life transform opportunities
- Even though it may not teach Billy & Bilibala what stocks to invest nor how to make more, more & more $

11.11.2008

Manulife 3q08 results

Finl data: 3Q result did better than I thought, without new share issue, shareholders equity continue to rise, instead of fall. Seg fund assets balance (the one I worry the most) only fall from 175B in 3Q07 to 166B 3Q08, 5.1% drop. Premium continue to rise by 20%.

Issues: I still wondering why the seg fund asset did not drop. Further investigation need to be done on 4Q result. I think it will have a loss in Q4, which may wash out all its profit completely for the year. In 08, it already put up $600M additional reserve on seg fund due to market movement, but I still think that is too little.

Comment: therefore, based on 1.5 times its 07 embedded value $21.85 (assume all growth in 08 will offset with dividend), target value should be CAD$32.8.
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