Wealth management for a general person

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. ....