I was talking to a long-time primary school asking me to help her invest S$5,000.
She regarded FD as low returns, but when I told her about trading and some high-yield investment returns (which is in the range of 100% to 300%) as quite 'impossible'. I found that people normally gave all sorts of excuses to part their money into investment, yet readily spent them off as christmas gifts and some de-stress excuses.
Back to the S$5,000, I didn't give her an investment mode in the end. But rather, I told her to understand her own financial situation. Before I can tell her the right investment medium, she has to know her risk profile, expected returns, required liquidity of funds etc. And don't go for free gifts (this is especially silly when we look at investment products offered by most banks).
As always, one size doesn't fit all. Same goes to investment! Only by understand your own financial status, then will you be able to plan your Financial Routemap accordingly. When the whole Financial Routemap is firmed up, you can then consider the ERP* with the concept of Capital Preservation Model in mind.
* ERP = Early Recruitment Plan
p/s: I will talk about the ERP and Capital Preservation Model soon.
If you are interested to find our more about me, Forex Trading or my Forex Asia Academy, let me welcome you to my complimentary Forex session. Please feel free to visit my corporate website to find out more. Get in touch with you real soon!
Friday, December 28, 2007
Thursday, December 27, 2007
My favourite GBP/USD - 15 pips
I entered into this trade on my PDA at Novena Square. Yup, it's my favourite forex pair GBP/USD.
GBP/USD - Long @ 1.9814, close @ 1.9829 (15 pips)
Monday, December 24, 2007
Merry X'mas to all
Wishing you and your family a Merry Christmas and all the best (i.e. Make Money) in the New Year. Happy Holidays!
S'pore residential market is world's hottest this year
Straits Times reported this article today.
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Dec 24, 2007
S'pore residential market is world's hottest this year
By Nicholas Fang
SINGAPORE'S booming housing market is the world's hottest this year, with local home prices recording the fastest increase.
Residential property prices in the Republic surged 24.3 per cent, after adjustments for inflation, ahead of other bullish markets such as Shanghai in China and Bulgaria, said property investment research house Global Property Guide.
In a report published online, the firm said Singapore's strong performance, like those of Japan and South Korea, was due to robust economic growth.
The survey was compiled using the latest official data from 42 countries, though other statistics were used for a few markets, such as Japan and the Philippines, where such figures were not available.
The latest Urban Redevelopment Authority (URA) numbers used in the survey show that Singapore home prices registered a 27.6 per cent annual jump at the end of September, significantly higher than the 7.6 per cent posted a year ago.
This nominal, non-inflation adjusted figure was below the 30.6 per cent recorded by Bulgaria in September and the 27.9 per cent recorded by Shanghai in October.
But in real terms, after adjustments for low inflation of only 2.66 per cent, the Republic leapfrogged these two markets to reach the top spot, said the report.
Singapore's strong showing underscored a more general recovery in Asia, where several markets gained momentum in the first three quarters of the year.
Global Property said this reflected, to some extent, continued recovery from the 1997 Asian financial crisis.
In contrast, the United States housing market crashed due to the sub-prime mortgage crisis, while high interest rates were behind the slowdown in European house prices.
'In Europe, most countries registered unimpressive year-on-year house price changes in 2007, aside from Norway and Estonia,' the report said.
Looking to the year ahead, Global Property said property prices in much of Asia are still undervalued compared with pre-Asian crisis levels, despite strong increases this year.
It expects potential improvement in rentals in Singapore.
'We believe gross rental yields are now too low, at 2 to 3 per cent.
'Nevertheless, Singapore is attracting and admitting more foreign-born workers - which is positive for prices,' it said.
Elsewhere in the region, Global Property also recommended Cambodia, Thailand, Japan, Australia and New Zealand to property investors.
It, however, cautioned against investing in Europe, apart from a handful of Eastern European states, because of high valuations after a long period of price appreciation.
In the Middle East, it found Egypt attractive for its high rental yields and low taxes, but warned of a possible oversupply in Dubai as more properties come on stream over the next two years.
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I'm living in hottest residential market in the world!
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Dec 24, 2007
S'pore residential market is world's hottest this year
By Nicholas Fang
SINGAPORE'S booming housing market is the world's hottest this year, with local home prices recording the fastest increase.
Residential property prices in the Republic surged 24.3 per cent, after adjustments for inflation, ahead of other bullish markets such as Shanghai in China and Bulgaria, said property investment research house Global Property Guide.
In a report published online, the firm said Singapore's strong performance, like those of Japan and South Korea, was due to robust economic growth.
The survey was compiled using the latest official data from 42 countries, though other statistics were used for a few markets, such as Japan and the Philippines, where such figures were not available.
The latest Urban Redevelopment Authority (URA) numbers used in the survey show that Singapore home prices registered a 27.6 per cent annual jump at the end of September, significantly higher than the 7.6 per cent posted a year ago.
This nominal, non-inflation adjusted figure was below the 30.6 per cent recorded by Bulgaria in September and the 27.9 per cent recorded by Shanghai in October.
But in real terms, after adjustments for low inflation of only 2.66 per cent, the Republic leapfrogged these two markets to reach the top spot, said the report.
Singapore's strong showing underscored a more general recovery in Asia, where several markets gained momentum in the first three quarters of the year.
Global Property said this reflected, to some extent, continued recovery from the 1997 Asian financial crisis.
In contrast, the United States housing market crashed due to the sub-prime mortgage crisis, while high interest rates were behind the slowdown in European house prices.
'In Europe, most countries registered unimpressive year-on-year house price changes in 2007, aside from Norway and Estonia,' the report said.
Looking to the year ahead, Global Property said property prices in much of Asia are still undervalued compared with pre-Asian crisis levels, despite strong increases this year.
It expects potential improvement in rentals in Singapore.
'We believe gross rental yields are now too low, at 2 to 3 per cent.
'Nevertheless, Singapore is attracting and admitting more foreign-born workers - which is positive for prices,' it said.
Elsewhere in the region, Global Property also recommended Cambodia, Thailand, Japan, Australia and New Zealand to property investors.
It, however, cautioned against investing in Europe, apart from a handful of Eastern European states, because of high valuations after a long period of price appreciation.
In the Middle East, it found Egypt attractive for its high rental yields and low taxes, but warned of a possible oversupply in Dubai as more properties come on stream over the next two years.
---
I'm living in hottest residential market in the world!
Sunday, December 23, 2007
Young and pretty lady wishes to marry a rich guy. Fantastic reply from a financial person
Since there isn't much trading over the weekend and I just received this email story from a friends, I would like to share with everyone on this:
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A young and pretty lady posted this on a popular forum:
Title: What should I do to marry a rich guy?
I'm going to be honest of what I'm going to say here. I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York. My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married? I wanted to ask: what should I do to marry rich persons like you? Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit. If someone is going to move into high cost residential area on the west of New York City Garden (?), $250k annual income is not enough.
I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches is only average-looking? I've met a few girls who doesn't have looks and are not interesting, but they are able to marry rich guys
4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)
Ms. Pretty
Here's a reply from a Wall Street Financial guy:
Dear Ms. Pretty, I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyze your situation as a professional investor. My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.
From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain. Put the details aside, what you're trying to do is an exchange of "beauty" and "money": Person Aprovides beauty, and Person B pays for it, fair and square. However,there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later.
By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position". If the trade value dropped we will sell it and it is not a good idea to keep it for long term – same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will besold or "leased". Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income. This has better chance than finding a rich fool.Hope this reply helps. If you are interested in "leasing" services, do contact me.
signed,
Banker
--
Interesting, huh!
--
A young and pretty lady posted this on a popular forum:
Title: What should I do to marry a rich guy?
I'm going to be honest of what I'm going to say here. I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York. My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married? I wanted to ask: what should I do to marry rich persons like you? Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit. If someone is going to move into high cost residential area on the west of New York City Garden (?), $250k annual income is not enough.
I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches is only average-looking? I've met a few girls who doesn't have looks and are not interesting, but they are able to marry rich guys
4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)
Ms. Pretty
Here's a reply from a Wall Street Financial guy:
Dear Ms. Pretty, I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyze your situation as a professional investor. My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.
From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain. Put the details aside, what you're trying to do is an exchange of "beauty" and "money": Person Aprovides beauty, and Person B pays for it, fair and square. However,there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later.
By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position". If the trade value dropped we will sell it and it is not a good idea to keep it for long term – same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will besold or "leased". Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income. This has better chance than finding a rich fool.Hope this reply helps. If you are interested in "leasing" services, do contact me.
signed,
Banker
--
Interesting, huh!
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