News no.1
Talking about statistics. According to a study consisting of 5,500 millennials, only 24% of them knew "basic information around financial literacy." For example, according to the study, only 8% know about risk diversification. As a quick reminder, where humans fall on the care-o-meter surrounding financial literacy, is pretty much, don't care. Click here for the whole thing.
(P.S. Millennial - one born between 1980-2000)
News no.2
China devalued its currency again. The Chinese Central Bank has been devaluing the country's currency (the yuan) to help boost its economy. If you can buy more of "X" in China with say, your USD, because the USD is strong relative to the yuan, you'll buy more from China. Despite the devaluation in an attempt to boost the economy, China's main stock market index, The Shanghai Composite Index, fell -5% at the open of the trading day on Thursday. This triggered a circuit breaker to halt all trading. It's essentially a timeout for stock market trading in an attempt to minimize the selling. The stock market re-opened on Thursday 15 minutes later and immediately fell to -7% for the day. This triggered an automatic shut down of stock trading on that index for the day.
Now relax, forget about China, click here and feel the music.
Showing posts with label china crisis. Show all posts
Showing posts with label china crisis. Show all posts
Friday, 8 January 2016
Thursday, 10 September 2015
Big crash - Small crash
Prices goes down, everyone panic, what we can do? I will not talk about the ones keep printing dollars like there is no tomorrow, or the situation in China. I will just suggest one very wise point of view.
“If you believe the stock market may not come back this time, then you have much more to worry about than your investment portfolio.” –Rick Ferri
That is so true. And we must endure. The portfolio value will go up and down. I doesn't matter for us. Because we are looking at the end of the road. Not at next month, or even at next year. We will endure. And we will prevail. (Knight rules, isn't it?).
Just one small note, According to Charles Schwab, over the past 50 years, the average length of a bear market has been a little over one year, and the average time for the market to recover and reach its previous highs has been less than four years.
“If you believe the stock market may not come back this time, then you have much more to worry about than your investment portfolio.” –Rick Ferri
That is so true. And we must endure. The portfolio value will go up and down. I doesn't matter for us. Because we are looking at the end of the road. Not at next month, or even at next year. We will endure. And we will prevail. (Knight rules, isn't it?).
Just one small note, According to Charles Schwab, over the past 50 years, the average length of a bear market has been a little over one year, and the average time for the market to recover and reach its previous highs has been less than four years.
Friday, 28 August 2015
Just a few toughts
1. Market is down, All shares are falling. Do not despair. Take 70% of your cash stock and buy. Now it is the time. Look for shares that paid good dividends in the last 10-20 years and increased the dividend amount regularly. For example one of my favorites is Pearson (click on PSON.L for more info)
2. Take a look here and have a good laugh. The link is http://www.nakedtruthbank.com/ . True and funny, if it is not about you. If it is about you, then you need to do something, right? Positive cash flow ring a bell?
2. Take a look here and have a good laugh. The link is http://www.nakedtruthbank.com/ . True and funny, if it is not about you. If it is about you, then you need to do something, right? Positive cash flow ring a bell?
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