Wealth management for a general person

The market started to pointing down because all the good news have release. This is time for rest because even Obrama has gone to Hawaii to play golf. Not much people will be around to play. What should we do now? Better rest and review the result of 2008 and tried to correct our mistakes. The blog will take rest from 22 - Dec to 3 Jan 2009. HS Index close at 14622 - 3.34% - 505 005 close at 74.05 - 3.266%

The game has started last night. Oil, EUR, JPY, DOW, S&P. They rocket fire but in opposite direction. NEW YORK Future Oil : 36.18 Jan 42.09 USD 30 target! EUR suddenly drop low to 1.4070 5:45pm JPY didn't have support even rate cut 88.58 London - 63 point -1 % more All the traders start using the bad news. 10 days battles started. HS Index 15127 close Future 14995 close 005 Close 76.55 - 5.05 -6.189 Time to train our EQ. I lost one battle yesterday. One more experience gain.

17 - 18 Dec 2008 Shanghai Index + 1.97% Close @2015.69, HS Index 15497.81 +0.24% 522M Turnover. EUR climb very fast 5:53 @1.4700 Weak Weak Dollar. The Global market seems has a invisable hand holding the market? I feel really interesting as more and more bad economy news is release but the market keep in high level. That's why economist and traders has different view in different time. Now the DOW future + 53 (8853) The HSBC 005 is has pressure and close at 81.60 -3.42%. Now only the China market is better. 2823 close at 9.35 +4.353 % in one day. 30 Years Anniversary? Take a rest and leave the market?

16 -17 Dec 2008 I really glad that I am able to witness the historic rate cut decision in this century. Having an almost zero interest rate in USD. It's the last bullet in interest rate. On 16, I had already believe the traders will push up the DOW but don't know the effect is so significant +359.61 close at 8924.14 Regarding the Oil, once confirmation the Oil will cut 2M barrel, the oil gradually drop to 44 / barrel and the oil security also don't have disappointed result even the DOW climb so high, the Banking sector is the winner. On the same time, USD immediately dropped after the announcement and the EUR & JPY 1.41xx and at 5:59pm is 1.4093 &89.12 How long this rally can last? Let's wait and see. In the morning, I am still thinking how will be the +395 affect Asia Market, However, all asia markets are open high and close little bit low. HSINDEX : 15460.52 +330 2.18% the high is 15555, Japan 8658 open , 8741 high and close at 8612 I believe there will not be...

15 - 16 Dec 2008 DOW Range 8469.03 - 8676.28 have 207 point difference. Review the whole night, it is not easy to understand the trader is settle the short orders first to prepare for 16 Dec FOCM Meeting. Why? At 3:25 am, the DOW touch the lowest point of the day at 84.69 and immediately go back to 3.41 pm to 8613.75 and close at 8564. The market is started to worry about the economy, the VIX open at 55.68, in which the previous day was around 54. The range of VIX last night is 55.68 - 58.49 and close at 56.76. This is the proof that the risk alert in the market. Thus tonight, the comment of the FOCM meeting will lead the market to big swing. EUR Climbed high at 1.3700 and close at 1.3670. At 16 Dec 5:54pm it come back to 1.3636. According to the US Index, EUR may have some retreat after the FOCM decision. So please aware it. GBP also retreat back to 1.5217 @ 5:56 pm and last night the high is 1.5375. GBP has a weaker trend than EUR. Aware it. For Gold, last night with the weaker of US...

15 Dec 2008 11 Dec 2008 HSINDEX once dropped over 1000 as the Auto bailout cannot be passed in the voting and close at 14758.39 change - 855.51 - 5.48% Today 15 Dec 2008 open high at 15290 and and close at 15046. While Shanghai Index open at 1977 and close at 1964.37 even the China release 30 more stimulate economic plan. While the DOW future once at +50 at 6:15pm is -30 8660 HSBC is closed at 84.20. Think the drop may be influence by the Madoff case As US will start having the meeting on interest rate discussion, the EUR will be keep on uptrend. am 1.3435 at 6:15pm 1.34728 In the current stage, better not to do anything in US market as there is no clear direction. The VIX is around 55 and approaching 50. Besides, even the Auto bailout and the interest rate cut is confirmed. In the long run, both the US economy and USD are weak. In this stage, we can start to evaluate whether the money should stayed in good company bonds because the government yield is really low. The security market d...

10- 11 Dec 2008 The Pirate keep on maintain the stage. HSBC close at London 765 is around 87.xx However in the morning, it open only 85.5 and keep on manipulate it till 87.25 close. They use it to play around the HS index. Aware the performance of the China Mobile and HSBC. HSINDEX 15613.9 +36 (+0.23%) Future 15518 -102 under 96 Based on the Index chart. The uptrend will not last too long. Keep on reducing the quantities is better. For US, the VIX seems find the bottom, Better buy some short ETF tonight. The Automobile bailout will not be the support for up trend. Dow future - 30 8682 at5.55pm HK Time Remember some figures will come out tonight US Market 8:30 a.m. Initial Jobless Claims For Dec 6 Week: Expected: +11K. Previous: -21K 8:30 a.m. Oct Trade Balance: Expected:52.5B. Previous: 56.47B 8:30 a.m. Nov Import Prices: Previous: -4.7% 10:00 a.m. DJ-BTMU Business Barometer For Nov 29: Previous: +0.3% Aware the USD. According the USD index. The trend seems not so good. The EUR has cli...

With the help of the financial actors, the financial priates had started the wealth rotation game. The financial actors even said it is the starting of the bull market in the radio. It is so horrible. Is it the bull market happens in the recession. Look over the history. It is really hard to find this experience. I felt sad about it. The innocent housewife don't understand the detail and just believe what this actors said in the radio. Can this people do some charity? Today, China release the data that the China's exports fell for the first time in over seven years in November while imports dropped sharply, reflecting the severity of the slowdown in global trade. China's November exports dropped 2.2% from a year earlier to $114.99 billion,the first monthly decline since June 2001, Imports had risen 15.6% in October, and economists had expected growth of 12%in November. As every governor understand the difficulties in future and thus launched the stimulus investment plan. ...

8 - 9 Dec 2008 Having the Obrama stimulate plan support, US Market climb over 9000 yesterday, All commodity shares were reaching high of the day. Oil and Gold also share the positive atmosphere. However HK Index retreat little bit today and close at 14753 - 1.94% with 569M turnover. The heavy members like HSBC closed at 84 even through London closed at 745 of GBP1.4950. The China mobile closed at 78.00 - 4.77%. At 8:34pm, the DOW future is 8905 + 30, Nasdaq 1222 +10 , S&P 500 909.8 +5.1 , FTSE 100 4368.61 + 68.55 GBP does not have the support like EUR, GBP 1.4755 and EUR is 1.2857 @8:41pm Wish the US market can maintain the up momentum till the end of this week.

8 Dec 2008 The HKSI Index soared 1198 point and closed at 15044. 5 and 941 is running quite well. The turnover volume is 638 Million, Double the volume of last weekly daily average. Based on the rebound of last friday, Dow soared 200+ point. It is obvious that the traders ignore the unemployment rate 6.7% and non farm payroll declined to 533,000.00 and intend to cook a big meal. As I previous estimation, the global market will keep moving up further before rolling down again. The Chart in HKSI, 005 and 941 supports the assumption Next, is the support from Forex Market. The GBP, EUR became stable and climbing on the uptrend. The reason will be the further interest rate of US within mid of Dec. US has no more room for deduction but EUR and GBP has. As the GBP has more support, HSBC will be having a uptrend in short run combining its SME camplain. USD/JPY climbed from 92.78 to 93.48 at 5:02 pm. I believe EUR,GBP and AUD will up further at night time. The money support may be have ...

4 - 5 Dec 2008 EUR rose, as larger than expected interest rate cut by ECB ( European Central Bank) , While GBP unsurprisingly cut the interest rate by 1%. So their performance is different. EUR rose steady while GBP is under pressure. 4 -Dec EUR/USD 1.2845H 1.2553 L Close 1.2773 GBP/USD 1.4810 H 1.4474 L Close 1.4725 USD/JPY 93.39 H 92.3 L Close 92.3 AUD/USD 0.6532H 0.6399 L Close 0.6435 Gold 787.30H 764.20L Close 764.20 Vix Index 62.92H 60.21L Close 62.82 HSI 13509.78 Change -78 0.58% Shanghai Comp 2001.50 Change 36.09 1.84% DJIA 8376.24 Change -215.45 Change -2.51% SP500 845.22 Change -25.52 Change -2.93% 5 Dec before 8:52 pm HSI Close 13846.09 Change +336.31 + 2.49% Shanghai 1984.26 Close 2018.66 +0.86% HSBC became more stable, rose 2.85 close 81.40 change +3.628% EUR go back to 1.2675 GBP further downward to 1.4635 AUD 0.6368 downward It means more people buy USD. Will it be the signal that people in need of ...

The Traders succeed in creating the uptrend. However I still believe their swinging up strategy is still valid before 13 Dec and heavily down should not be happened in this two days. Reason 1. New Zealand , ECB and BOE announced rate cut today and tonight. The rate cut decision should be able to support the market. If the trader do not use this chance to keep the uptrend, how can they have enough room to dropped heavily in later time. Besides, according to the history, around 15 Dec are the big swinging time. 4 Dec 2008 start to fall." Too Early". If you see the VIX, it seems enough room for lower. Only the market tell me whether i am wrong. 3-Dec HSI Index 13588 Close Change 182 +1.36 % Shanghai 1965.41 Close Change 75.78 +4.01 DJIA 8591 Close Change 172.6 + 2.05 Nasdaq 1492.39 Close Change 42.58 +2.94 3 mth USD LIBOR 2.2 Close Change -0.01 EUR/USD 1.2738 H, 1.2608 L 1.2668 Close GBP/USD 1.4931H, 1.4667 L 1.4745 Close USD/JPY 93.61 H, 92.58 L 93.1 Close Gold 782.65 H, 765.85...

2 Dec -3 Dec 2008 EUR/USD 1.2764 High 1.2566 Low 1.2704 Close GBP/USD 1.5066 High 1.4782 Low 1.4874 Close USD/JPY 93.79 High 92.67 Low 93.21 Close 2 Dec DJIA 8419.09 +270 +3.31% 3 mth USD LIBOR Close 2.21 Change -0.01 Monthly Change -0.82 Gold 785.55 High 763.35 Low Close 777.25 3 Dec 08 4:53 pm EJSTOXX 50 - 23 Dow Future -132 Oil 47.18 - 0.47 Gold 782 USD/JPY 93.01 Tonight the US market seems may not maintain uptrend. Both the USD/JPY and DOW Future cannot provide a positive hints. Besides, there is a lot of data release tonight. 17:00 EMU PMI Services 17:30 UK PMI Services 18:00 EMU Retail Sales 21.15 USA ADP Employment Change 23:00 USA ISM Non Manufacturing Composite 3:00 USA Fed's Beige Book All this Economic Data may have impact on the US market. Thus aware if there is any short opportunity tonight : DXD, SDS, SKF . All this ETF provides very good day trade opportunity For Gold, it remain on around 782. According the historic data, commodity usually in downtrend in the downwa...

After the Financial turnmoil, most of the people afraid of letting other people to manage their own bloody money. I total agreed with it and I never believe what the fund managers and banks said. This people also said with their service, you can diversifilied your risk with their expert knowledge. Honestly, it is not 100% true. Actually, you can also trade globle market with a good broker. Centainly, we have to bear the counter party risk under this critical moment in this century. Back to the topic, I just want to say actually we can use the Exchanged Trade Fund (ETF) to act as one of the vehicle to trade in global market. Nowsdays, ETF market is very mature and you can use these vehicles to short, long in different markets. e.g commodity, region markets, treasury, currency etc. So what is ETF, according to investerpedia.org, you can find the following explaination : " A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock o...

We are already in the Recession and most of the people compare the current recession period with 1929 Recession. Then Do you know what happened in 1930 's year? Started from 1929 , the US GDP dropped continuously for 4 years and the figure is double digit. in 1930 dropped 9%, 1931 - 8% and 1932 - 14 and 1933 is - 16%. This double digit is far more than any time before 2007. In 1929, the whole economy activities is retreating, the money supply reduce 1/3, over 20% of commercial banking in US stop operation. The bank also operated with force holiday to stop customer to withdraw money and many companies were force to file bankruptcy. In 1933, March, The FED announced to stop bank operation for one week. In the prospective of government policy, in 1930 the government restrict on taxation on international trade which weaker the farming business, In 1932, the government even raised taxes heavily. All these create the loom heavily in 1930's Now the new Obrama's team ...

Yesterday, I said trading FXI in US Market. From the following data, you can find FXI is really a heavy trading vehicle of China Market in USD time. I like trading in US market because 1. there is high volume within a day. 2. Even you are an individual investor, you are able to share some sweet. There is still room for a small investor to buy in the first minute after market open. Not like HK market, when it is 10:00am, all the price has been pumped up, there is no room to trade as a small investor. To prove the fact, you can find the trading volume of FXI in previous days before China announce the interest rate cut. Date Open High Low Close Volume Adj Close* 26-Nov-08 24.93 27.36 24.91 27.23 62,942,800 27.23 25-Nov-08 25.33 25.33 24.07 24.41 45,223,900 24.41 24-Nov-08 24.29 25.83 24.08 24.93 55,766,800 24.93 Around dinner time, I asked my friend to try FXI and day trade only because the next day is Thanksgiving. Better not stay over night. If placed...

China suddenly announced to drop the one year lending rate to 5.58 and effective tomorrow. Besides, it also lowered the reserve requirement for the biggest bank to 16 %. Now the world are concentrate to stimulate the economic market and prevent further slump in the recession. I believe there will be some rebound in China market tomorrow. However, we can aware how it perform in USD market through looking ETF FXI. Last Close is 24.41 with 8,989,300 volume. US suddenly release the 800 Billion to rescue the loan, it influence the previous view of USD because people start to wonder the value of USD. So be careful on the EUR and JPY

The DOW really rallied. From Friday to Monday, total gain 843 point. Will this plane still have energy? Hard to tell. The Dow future in 5:05pm GM+8 is 8309 drop around 74. How will it be in day night? I don't think there is great support. Thanksgiving is on Thursday and half day trade will be on Friday. If I am the trader, I had already leave the market last night. Yes, I really sold the SSO which I bought Thursday. Gain little interest. Through the amount is too small but I am glad that it can prove my view of the trader's activities. In the meantimes, it is not worth to do any long activities. It is good to wait for the best moment to do the ultrashort. SHORT ETF has became less expensive. SKF close at 173.99, DXD 79.35 and FXP is around 61.99. I do not suggest to buy the FXP because it is hard to tell the china market activities. But for US, sometimes it is really worth to try. The USDJPY climb back to 96.19 and the GBP is 1.5143. Oil is 53.05 and Gold is 817.6. The credit...

The fate of Citigroup and the desperate autosectors provided the excuse for traders to slaughter the Wall street. They had been waiting long for any good news to lift the index. Finally they got it through the release name of the treasury secretary. Obama keep on giving all the positive energy as much as he can by announcing the 500 billion stimulus plan on weekend. Unlucky, the fate of Citigroup still became the excuse for the Asian traders to stop any activities. Will the Japan holiday is one of the excuses of no trading in Asian time? On 3:12 pm GMT +8 , the Dow future still not smile even the rescue plan of Citigroup has announced. The China market keep heading south. Really don't know what the traders are thinking? May be the traders are all on holiday and no one in trading floor. Why ? the Forex market is so silent today, the USDJPY is just moving within few points, the whole day is just running within 95.34 - 95.14. Are the traders sleeping? Before Thanksgiving and announcme...

I love reading because only through reading I can gain the experience of the successful persons. This weekend, I complete the new release book of Mr Chou. The book covers 5 chapters and an appendix includes the script abstract from the talk show “ Rich Dad and Smile dad” . The topics includes 1. the fate depends our character, 2.the weakness of normal investors, 3.the characters of Dragon people, 4.the different of male and female in investment and 5. the route to success through our understanding of our own characters. I strongly agreed that our fate is depends on our characters and through this chapters it reminds me again the unique characters of successful person. The “ Positive power” and the positive characters such as willing to learn, full of curiosity, critique thinking, knowing your possible route and don't panic no matter up and down. For the weakness of normal investor, he wants to tell us that we need is just having the courage to accept failure, face the failure thr...

First Thank you for all your support. As all we know we are in the stage of recession and it is only in the beginning stage. Looking back in the USD Market, just two days the Dow has dropped from 8400 to 7552 (-10%). This is the biggest drop in Nov in US history. The whole world seems losing all the confidence? For me, I think actually it is just the tactic of the traders or I would name them "pirates of financial market". If not, why there is wave in the market. If all the people lost confidence, that means no people in the market, no trading and the price should be in downside only. Why there will be up and down? So I think even though it is in recession, if we know where we are, you still have the chance to win the interest more than deposit. Because we can choose to fight with the Private. Now the only positive market is China. Among all the country in the world, only China will have a postive GBP figure. But does it mean we have to invest in China market? As I think, wha...

Yesterday, one of my friend asked me about the view of HK property market. Honestly, I do not have much experience in HK property market. However, what I think no matter what kind of investment channels or opportunities. They are all unique and cannot apply to all. It is because we have different level of risk tolerance, EQ and goal of life. You may said purchase property for collecting rent is good investment, someone may say buy shares are good. For me, I think every opportunity can be success. But, the first step is to work out a plan for yourself. Then what is a good plan? a plan with analaysis of where we are,how we want to be, how is the cost of it with risk management and the understanding of our ability. ....