Model Money 摸透金钱

杜拜債信危機中東市場危機恐危及股票型基金

2009-12-07T19:54:00.001-08:00

杜拜國營企業「杜拜世界」傳出倒債危機，金管會清查國內各個金融機構，初步統計對杜拜世界的直接投資金額大約台幣64億元，其中，國泰金的授信金額最多，達10億元。國內基金投資人是不是會踩到地雷，血本無歸呢？有人說基金是長期持有，並不會太擔心，但金融學者提醒，如果倒債風波延燒到其他相關企業，被影響的投資人可能會增加。

全球矚目的投資焦點杜拜傳出倒債危機，目前國內有好幾檔以中東市場為主的股票型基金，都可能踩到地雷，買基金兩年多的陳小姐認為，手上獲利為負值的基金，接下來可能還會繼續跌。

而這位陳小姐當初一度想買中東市場的基金，後來因為不了解沒下手，躲過一劫。

金管會清查，國內金融機構對杜拜世界集團的授信金額，以國泰金新台幣10.3億元最多，兆豐金和第一金都是8億元，台新金、中信金和永豐金各有4億多元，華南金、彰銀、台企銀跟合庫各有3.23億元投資，新光金、玉山金則各有1.6億元，總計大約新台幣64億元。不過這只是國內金融機構對杜拜世界的直接投資，不包含對杜拜世界的相關企業及其他機構的投資，如果危機再擴大，影響的投資人可能會更多。

學者認為，如果接下來其他阿拉伯柏國家援助杜拜的的能力減緩，或是本身也產生危機，這波杜拜倒債風波，恐怕會延燒成全球性的危機。

Analysis: Why the US$700b bet failed

2008-10-01T02:11:00.001-07:00

WASHINGTON, Sept 30 - The stunning rejection by the US House of Representatives of the Bush Administration's US$700 billion financial rescue package was the result of a catastrophic miscalculation by leaders of both parties – and the White House – all of whom believed that they had enough votes to pass the Bill.

The Republican and Democratic leaderships, together with President Bush, dramatically underestimated the number of Congressmen and women from both parties who were not going to back a Bill that is deeply unpopular with voters, five weeks before they face re-election.

They had failed to anticipate a massive revolt by conservative Republicans – who loathe the idea of government intervention on such a massive scale – and liberal Democrats, opposed to any kind of relief for the titans of Wall Street. Of the 435 members in the House, 133 Republicans voted against the Bill, as did 95 Democrats.

Republicans immediately lined up to blame Nancy Pelosi, the Democratic Speaker of the House, for the 228 to 205 defeat. They railed against what they claimed was an aggressive, partisan speech from her seconds before the vote, which they said caused wavering conservatives to defect and block the Bill.

In a sign that he suddenly realised that things were going horribly wrong, John Boehner, the Republican leader in the House, became emotional during a speech minutes before the vote. Conceding that the Bill was in "serious doubt", he implored his colleagues to cast aside politics – and consider the possibility of endangering their own political futures – by voting yes.

"We could have got there, was it not for this partisan speech by the Speaker of the House," Boehner said afterwards. He said that it had poisoned his caucus and "caused a number of our members to go south". Yet he vowed to keep working to get a Bill passed.

Pelosi had heralded the bipartisan nature of the Bill, but then went on to talk about the failed policies of the past eight years and a new Democratic-led future next year. Steny Hoyer, the Democratic House majority leader, called the Republican accusations absurd. Mrs Pelosi said: "The Democratic side more than lived up to their side of the bargain."

Despite barely getting a majority of Democrats to back the Bill, she laid its failure squarely on Republicans.

But Paul Ryan, a Republican member of the House, came closest to expressing the dilemmas of the average Congressman. "We're all worried about losing our jobs," he said in an impassioned speech in support of the Bill before the vote. "Most of us say, 'I want this thing to pass, but I want you to vote for it – not me'."

Within seconds of yesterday's vote the Dow had plunged 500 points and a panicked Pelosi announced that she was holding the vote open – so that the 13 "no" voters needed to get the legislation passed could be persuaded to change their minds. But 10 minutes later only two had been found and the vote was closed. Henry Paulson, the exhausted Treasury Secretary who hammered out what he believed was a deal during a marathon negotiation session with party leaders on Saturday, started telephoning them again to try to get a new vote.

Aides to Pelosi said that another vote could take place on Thursday. Much now lies in the hands of James Clyburn and Roy Blunt, the Democrat and Republican whips.

President Bush expressed disappointment over the vote in Congress. "We put forth a plan that was big because we've got a big problem," he said. "Our strategy is to continue to address this economic situation head-on and we'll be working to develop a strategy that will enable us to continue to move forward."

The defeat was all the more stunning because the plan had been backed by leaders of both parties in the House, by Mr Bush, by both Barack Obama and John McCain, and even by some conservative Republicans who had scuppered a deal last Thursday.

The overriding question for leaders on Capitol Hill was what to do next. Congress has been trying to adjourn so that its members can campaign for the Nov 4 elections. Yet with 36 days until election day, there was no clear indication last night of whether Congressmen would be kept in Washington. - The Times

FOREX TREND TRADER 12 8 08

2008-08-12T07:18:00.000-07:00

So today, i followed the trend
Red line above green = downtrend

The pic is not clear but for every down signal (red arrow) there's about 20 pips to earn.
not greedy helps to earn.

Today, earn back $400.

P.S. a position i took last nite before off 0.20 short, brought in about 150 pips.

Follow the TREND!!

Yellow is short term trader
Blue is low medium term trader
Green is high medium term trader
Red is long term trader
Purple is longest term trader.

Dominant to determine trend is Green and Red.

Have fun investing

FOREX TREND TRADER

2008-08-11T05:55:00.000-07:00

My trading using this method and experience learned.
4 hours and $620 gone. good thing it's only a demo account.

What went wrong today?

All the exchanges was in a breakout situation today.
In a breakout situation, the direction of the rainbow line are not in the same direction.
Thus, the volatility is higher.
in a high volatile situation, the cross signal would pop up very often but would not be right.

Even, which the knowledge of the above, I entered into the market. Thus bringing in the losses.

Lesson learned : In a breakout situation, all four signal has to be fullfilled in order to enter the market.

Buffet on the ART of buying company

2008-06-28T03:16:00.000-07:00

Warren Buffett is in Toronto, fielding questions from a crowd of 300 executives. One asks what makes people want to sell their companies to him.

The Berkshire Hathaway Inc. chief executive officer replies that he tells a prospective seller to think of the company as a work of art.

``You can sell it to Berkshire, and we'll put it in the Metropolitan Museum; it'll have a wing all by itself; it'll be there forever,'' he says at the February meeting. ``Or you can sell it to some porn shop operator, and he'll take the painting and he'll make the boobs a little bigger and he'll stick it up in the window, and some other guy will come along in a raincoat, and he'll buy it.''

Buffett, 77, can afford to throw a little mud on his competitors in the private equity industry. Wall Street's acquisition machine has seized up, while Buffett, in the valedictory chapter of a career stretching back more than 60 years, is on a buying spree.

He has $35.6 billion in cash to spend, and he's looking for companies that he can buy at a reasonable price, that have experienced managers he trusts, products with strong market positions or other competitive advantages.

-Bloomberg.com

Fixed Deposit

2008-03-04T04:58:00.001-08:00

Nowadays, we could find many types of fixed deposit offered by various banks. But all of time uses the same concept no matter the Term and Condition (T&C) they propose.

The theory of FIXED DEPOSIT,

1) You agree to deposit a FIXED amount of money for a FIXED time into the bank.
2) The bank agrees to pay you a FIXED amount of interest per annum.

Simple? Right
Low Risk? Right
Low Return? Right, but wait.....

The different kinds of fixed deposit offered today may give you good return but at a cost of longer deposit terms or higher deposit amount

UOB for instance offers Foreign currency deposit. which gives higher interest rate and also expose the customer to foreign currency appreciation or depreciation.

Confuse?
For example, you deposit S$8000 ( minimum deposit, normal FD S$5000). into a New Zealand currency FD. You get 7.38% P.A. for 12 months tenure (data from UOB website as of 4/3/08)

Your risk to foreign currency would be as below.

If NZD drop 2% against SGD at the end of 12 months, then your total earning would be 9.38% (roughly).

If NZD rise 2% against SGD at the end of 12 months, then your total earning would be 5.38%
(roughly)

But both is much more better than SGD FD rate at 0.7% p.a for amount below 50000

There are others more complicated FD based tools offered by bankers. Be sure to look throught the Term and Condition before you use them.

Happy investing.

By,

Yong Yeong Chow

Feel free to drop me comments on my articles at my email yyc83@hotmail.com
your comments are much appreciated.

Growing Money

2008-02-01T06:22:00.000-08:00

It has been 6 months since I last wrote on this blog.If someone with an income of 1000 dollars has been reading this blog and doing as suggested. This person should have 600 dollars to invest. So the next step would be for him or her to learn how to use this 600 dollars wisely.

Thus, this blog would continue to introduce a few types of financial tools normally used to achieve one target "Growing Money" by using Money!!

We would touch into a few things about the financial tools, mainly, the idea behind, the risk taken, ways to obtain, and more.

While most people are talking about investment strategy. I would not talk about it because from my experience, the best strategy is to invest and learn along.

See you in my next post where "fixed deposit" would be bloged.

The Rest for Living

2007-08-15T06:26:00.000-07:00

My last suggestion on managing your money is

The remaining of 60% of your salary is meant to support your living expenses.

I put this suggestion last because only then your life would be focus on the future more than the present.

Why care about living last? Because normally many people would say “I save what is left at the end of month”, that “what is left” sometimes would be zero in figure. That’s why by putting your living expenses at the end, you would be force to budget your expenses for the whole month at the start of the month. This would ensure a constant increase in your future modal and also a living now.

Not enough? Is that the question you have in mind? Then budget is the word you need to learn. A budget helps to limit your monthly expenses, you would be more aware of your financial status within the month. This would help you live the life you want and also save some for the future.

How to budget? This is only my suggestion, you would have to try it out to see whether it works on you or not. First of all, take care of those overhead you have every month, such as rental, loan payment, family support etc. After that, you should take into account your living expenses such as food, transport, electric etc. At the end, would be your miscellaneous expenses, such as entertainment, clothing, etc. Budgeting is about prioritizing, you should put the “must do” things first and the “want do” things last.

If you have been following my blog from the first article, the suggestion I made to you are also arrange according to priority. I suggest to invest first, enjoy second, upgrade third, help others fourth, long term fifth then care for now last. That’s the priority of many millionaires according to books like “ Secrets of the Millionaire Mind”. I have no millionaire friends but the author does. So we learn and use, some day we would be millionaire too right?

Have a try, budget today with the mind of

60% to live.

By,
Yong Yeong Chow
Public Mutual Unit Trust Consultant.
MSN: yyc83@hotmail.com
* Catch me on MSN for a chat.

10% for the Unexpected

2007-07-25T21:17:00.000-07:00

Have you experienced before a sudden family emergency? Maybe an accident or other cases? I hope not, but life is not expectable sometimes. That’s why we have to be prepared for it financially or mentally.

Thus, I suggest that you save

10% for the Unexpected.

Is 10% enough? I hope it is. 10% every month would amount to quite an amount in a year. But if emergencies do happen and you need more money, there are always other accounts that you saved up. That’s why you need to save money and not spend it all.

Where to save? Saving money at the right place is very important in this world where inflation keeps eating away our money. I suggest that you save 50% of your money there, and the other 50% in a low risk financial tool example Fix Deposit or a Bond Fund.

Why not all in bank? Because money saved in banks are given too less interest to normal practice is below 1%. With an inflation rate of about 5-6%, your money in bank is getting less every year. Fix deposit will help in the fight with inflation by providing 3-4%, while Bond Funds provides a constant 8-10% every year.

Why not all in FD or Bond Fund? Liquidity would be the problem. Savings in bank could be taken out thru ATMs before midnight. FD could be taken out only in office hours. While Bond fund needs 5 working days before you get the money. Thus, it is better to save separately to avoid financial problems when emergency arise.

How about insurance? Personal Accident insurance only cover you accidents , Medical is also the same. Some medical does cover the whole family, but normally doesn’t include your parents. So, I suggest you do buy a PA and a Medical but still you need to save some up because emergencies could not be expected.

I hope you won’t need to use the money but still you must save

10% for the Unexpected.

By,
Yong Yeong Chow
MSN: yyc83@hotmail.com
* Catch me on MSN if you need FREE financial advice.

Lift Up Other with 5%

2007-07-19T00:13:00.000-07:00

You have make money work for you; you have enjoyed the things money can bring to you; you have upgraded yourself; now, you should also help others to do so.

I suggest that for every month you use 5% of your salary to give out to charity.

Lift Up Other with 5%

Why give to charity? As the old saying goes, “What you give would come back”. You pass out hatred to people, you probably get back hatred; you laugh people when they upgrade themselves, you probably would be laughed at on other things. Ever experience such things? Yes, I did, how bout you? So, if bad things come back, good things would too. Today you help people, tomorrow people would help you.

5% can’t help? Then you are wrong. 50 cents could fill a beggar’s stomach for half a day; RM 50 can fill up the stomach of a family in the lower income group; RM 100 can do much more. The truth is, how much you give is not important, the important is your willingness to give.

Give to who? If RM 1 is what you are willing to give then just give it to the beggar. But if you are thinking of larger sums, I suggest that you donate to established organization like WWF, Red Cross etc (type “Charity” in Google to find more). Some of you might have religious offering like churches or mosque, those are also fine. But for Chinese Malaysian, I would recommend donating to our education establishment.

Wait till you are rich? Well, you might have the idea that Bill Gates only give 80% of his wealth to charity when he’s rich or Warren Buffet gave 90% of his asset to charity when he is rich. But you are wrong, both of them have been giving to charity a long time. But the more they give the more they get back, they are not the only ones. You might be the next one.

Give it a try, start to

Life Up Others with 5%

By,
Yong Yeong Chow
MSN: yyc83@hotmail.com
* Catch me on MSN for FREE financial advice.

10% to Upgrade

2007-07-11T02:21:00.000-07:00

First of all, I do not mean computer upgrading!

I suggest you to take 10% of your salary to upgrade the most important thing in you life. YOU!!!

10% to Upgrade YOURSELF!!!

How many of you think that education ends with your university convocation? I hope none of you does but there are many that do. People that think like that won’t buy books, won’t go to courses, won’t take up extra night classes etc. The most hated feature in them is they also hate people that do all those things. They would say something like “ Courses are useless, you might as well flush your money down the drain”. Please don’t be someone like that.

How to upgrade? Buy books or go to courses related to your work or about something you want to know. For example, I have suggested you to save 10% for investment every month. I hope you have done so. So next, you are supposed to read on books or go on courses about investment so that you could use the money saved wisely. Don’t ever belief the words of person that says “Never do, Never know”. You should know before you do anything. You can’t know everything but you at least have to know something, right?

Why so much? 10% of your salary is costly? Benjamin Franklin said it right, “ Education is costly? Try ignorance!” Books that are popular or good might cost you around 20 – 50 dollar. That is affordable for everyone. But courses starts from 100 – 10000, depend on what course you want to take. So, you can save that 10% up for a few months before you go for a course. But you have to go to a course at least once a year or read a new book at least one a month. Or better still, you can do both.

How to choose? For books, look for reviews in the newspapers or ask a friend, a colleague or even you boss. From those sources, you could have an overview of what the book is about and also the writing method in it. For courses, I strongly encourage you to attend their previews before paying for it. You could experience the way they teach to see whether you could accept or not.

Well, we are back with Emma before we end. 10 cents couldn’t get her anything. So she saved up and bought a book when the money saved is enough.

So, remember

10% to upgrade Yourself for youself.

*if you like to be notified everytime i update this blog (normally once a week) you can email me.
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By,
Yong Yeong Chow
Public Mutual Unit Trust Consultant (Certified Financial Planner to be)
MSN : yyc83@hotmail.com
* you can chat with me there

Feel Free with 5%

2007-07-04T03:23:00.000-07:00

I last blog was on the end of June in hopes that you have started to save 10% first on your June salary. But maybe you haven’t received your salary, so remember to do so when you received it.

Now what do I mean by feel free?

First, the old saying, “ You forget 70% of what you read, 50 % of what you listen” but when you READ and LISTEN you remember 70% so when do you remember 100%? When you feel it (or do it), that is the time. So, my next suggestion is for you to

Spend 5% of your salary ( after deduction) to Feel Free.

What free? Financially free.

When do I get to do that? Do you have this question in mind?

Well my mother always says, Save First Then Spend later. So, you can spend it after you have saved the 10%. But you must spend it in the month you get it. Say you get your June salary in July, you spend the 5% in July. Don’t bring it forward, unless you have bigger enjoyment plan for it. (Example, a travel fund for an oversea travel you really want to)

Spend it on what? Spend it on things that you never dare to do just because of the price. Some are afraid to go into Starbucks, Some are afraid to go into a Steak House, for some it might be the climb up KL tower. So, go do IT! Spend that 5% on it, and feel the sense of being financially free to try these things out whenever you want to.

5% is not enough? That simply means your paycheck is not big enough, rite? That the 10% you save first is meant for. Invest your 10% accordingly so that you can have a passive income and together with your working income, you would be able to use 5% to just do it.

Now we are back with Emma, you know she had only 1 dollar. So 5% is 5 cents. What do you think she spend it on? She actually bought a sweet with it. Does she feel financially free by eating a sweet? SURE NO. That’s what make her to save and earn more. After twelve month, she had 5% out of 2048 dollars to spend. How much is that? 102.4 dollars, is still not enough for her, I hope. ( Only unfulfilled people would move further up the money road).

So, start this month (after you saved 10%) and

Feel Free with 5%.!!

By,

Yong Yeong Chow : Public Mutual Unit Trust Consultant (Certified Financial Planner to be)

MSN : yyc83@hotmail.com* you can chat with me there

Pay Yourself 10% First!

2007-06-27T02:14:00.000-07:00

Many people are in the condition of broke. They may earn a lot but they spend a lot also. Some are even worse; they earn a little but spend a lot! I hope you are not one of those people.
There are many books out there that teach people how to get out of that special situation, and most of the advices start with this.

Pay Yourself 10% of your salary ( after deduction of tax, SOCSO etc), FIRST.

Why pay first? While most people, pay themselves last after a month of spending. They would say I have loans to pay, kids to take care, I could only save after all expenses is cleared. This is one of the ways, but ask yourself, how many of them have money to save after they pay all the expenses? A lot? A little? Or None at all? A much more secure way to save your money is by paying yourself first and then budget your spending afterwards. By doing it like that, you would be sure to save some up every month.

Why 10%? Because taking 10% off your budget would actually not affect your spending too much. Say normally you have 100 dollar to spend but now you only have 90 dollar. Not much difference right? You could opt for more percentage but make sure it won’t affect your life too much. Remember, Pay Yourself 10% First!

When can you use the money? NEVER! The money can only be used for investment. The 10% is meant for you to create a passive income. That is to make your money work for you to earn more money.

If you are thinking that your current financial standing doesn’t allow you to do so. Let me share a story from the book “Secrets of the Millionaire Mind”.

Emma who was about to claim bankruptcy was at a seminar when she heard about Paying Yourself 10% First idea. Remember? She was broke, about to claim bankruptcy. So, she didn’t have much to start. She started with the only money she had, 1 dollar. She saved 10 cents up and budget before spending her remaining 90 cents. She knew 1 dollar is not enough to get her financial free, so she commits to double up the money every month. After twelve months, she had 2048 dollar to save and she was also out of bankruptcy.

I know you have more than Emma. That’s why I know you can more successful than her. So remember, start today and

Pay Yourself 10% FIRST Every Month.

By,
Yong Yeong Chow
Public Mutual Unit Trust Consultant (Certified Financial Planner to be)
MSN : yyc83@hotmail.com
* you can chat with me there

Managing Money

2007-06-27T02:11:00.000-07:00

People get broke or continue to be poor because of one reason. They don’t care to manage their money. Don’t belief? Ask those that say they are broke or poor around you. Then you would know.

There are many reasons for a person to not manage their money. The more common ones that we hear are, “ I have little money, so there no need to manage it”, “ I will manage my money after I have a lot of money”, “ No one teach me how to manage money”, “ I have no idea of such things”, “ I….”

Those are the reason they are broke. We don’t want to be them right?

Now, to start to manage your money, you do not have to have a lot of money. You actually manage your money to make you have a lot of money. Why you don’t need much money to start? Let’s think like this, if a person cannot lead a 3 person team, do you think he could lead a 100 person team? NO! It’s the same with money, if you can’t manage RM 1000, you also won’t be able to manage RM 10000.

I hope you want to manage your money now, because that’s what will make you financially free. Financially free means that you can choose your job based on what you like to do, and not for the sake of income. You want that? Yes? Then start to manage your money.

You probably have your own way of managing money. The suggestions in my blog are only my opinions gather from books I read. I find them useful and want to suggest them to you. Bear in mind, although I am not yet a millionaire or financially free. The writers of the books are. I am still on my way there, that’s why I know the suggestions are useful.

Start off by reading my First Blog.
Pay Yourself 10% First!