andrethongyongjie's pings
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T/P: 1.0500 S/L: 1.0580 Support: 1.0442 Resistance: 1.0888 Time frames: M5, H1, D1 Kind of new to FOREX, testing whatever I have learned these few days on MT4. I still find it difficult to predict how long it would take to reach my profit target. Anybody with an insight? Thanks! This is not financial advice. Please consult a professional advisor.
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Products are given a limited lifespan and fail thereafter. In this way, consumers have to keep buying new products. This ensures that there will always be a market available for exchange of goods and currency. A good example would be a printer with a count chip to make it fail after printing a certain number of times! The video is a popular Youtube video "The Story Of …
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This is not financial advice. Please consult a professional advisor.
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Perhaps a good illustration of the widening gap between the rich and the poor. Described by Michael Moore that the modern capitalism model in America is like a pyramid scheme. "It's called a pyramid scheme, because only a few people can sit on top of the pyramid. Their job is to convince everybody else in the pyramid to work really hard because 'maybe you, too, can be up …
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As I grow older, I got into the world of economics, partly because of the chance of getting into SMU. This year, I also got a glimpse of politics and realize how these 2 topics could affect our lives. For the coming General Elections 2011, my constituency became an Single Member Constituency (SMC) and why is that so? I didn't know until I read this article on Straits Times …
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Gold prices are rising higher and higher these days. Gold is currently at 1563.18 USD according to goldprice.org. So why is this shiny yellowish looking metal so valuable? The reason why I think gold is valuable is because of the scarcity of gold around the globe, so naturally when supply is very low, prices would be high. As usual, I did my normal readings on the net via …
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An insight into the financial crisis! This is not financial advice. Please consult a professional advisor.
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Being an NSF in the army, $700 is a lot to me. Rising costs and the subtle effect of inflation quickly erode my monthly pay! Things felt more expensive and sometimes, I will realized that I don't have much money left in my account, weird huh? So how would you use your $700? To some of my mates, it's extra pocket money to do more of their favorite activities like clubbing, …
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It's been a while since I blogged because back in camp, there's preparation for new men and other than that, I am partying. (it's the best time to party because you don't worry about exams, etc.) I got an interview from SMU recently and I was elated about it. I did my prep for it by reading the newspaper and hopefully SMU would accept me in its economics programme. The SMU …
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NTU! I talked to many people about this matter, family and friends, people from the industry, lecturers, students currently in both courses. Choosing either one of the universities would present me a different result at the end of the day. Many tell me that it's foolish to give up the local university placing for a private university with no certainty that I would do well in …
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Hi, Which degree do you think I should do? My interest is in the field of banking and finance, preferably an investment banker dealing with M&A or a trader that specializes in engineering sector. I've got 3 plans in my mind. My 1st plan was to major in EEE at NTU with a minor and after I found a entry level bank job, I would start doing CFA/CAIA. The 2nd plan is to …
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This was quoted from one of the blogs and proposed by a man named Harry Browne. He calls it the Permanent Portfolio with certain recommendations as proposed below. The basic premise is to cover all possible scenarios in your porfolio: 25% of portfolio to protect against Inflation (eg. Gold) 25% of portfolio to protect against Deflation(Cash) 25% of portfolio to do well in a …
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When stock A drops 20% of your purchase price, time to review the stock again and decide on your position This is not financial advice. Please consult a professional advisor.
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Criteria 2: The company must have good sustainable competitive dominance. From Wikipedia, sustainable competitive dominance is long term competitive advantage that is not easily surpassed by the competitors Image From Google Images Since there are so many industries out there, we can go through a few of the assets that will distinguish the good companies. To be dominant, …
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Criteria 1: Have a good track record of increasing sales, earnings and cash flow. The company should have a good history of increasing sales, earnings and cash flow for the past 5 years. If a company's earnings have been increasing consistently, their future earnings would be more predictable and stable. Image From Google Images Beware of 'CREATIVE ACCOUNTING', the figures …
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I was looking through my google reads and I found a blog that focuses on REITS, It has a lot of information on REITS. For example, where to find the IPO Prospectus, etc. If you have any queries about them, you can always check out this blog! S-REIT Investor Snapshot of the blog This is not financial advice. Please consult a professional advisor.
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Bearish movement for China Hongxing? Trend seems to be sideways and perhaps need to monitor more for a breakout. All indicators suggest a downtrend. I would monitor more before planning my exit. My entry level was 0.175 and plan to exit at 0.1575 (Cut loss at 10%) or 0.14 (Cut loss at 20%). About China Hongxing Established in 2000, China Hongxing Sports Limited (China …
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It's a new year and looking back at the year 2010. There were many things that changed my life. I served the first year of army, while serving my time, I lost someone very precious, my girlfriend of almost 7 years. It hit me hard, took some time to recover. And I realized guys take the hit harder because they won't have the emotional support that girls have between one …
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