BURSA MALAYSIA: HOW WEALTH-BUILDERS INVEST EVERYONE has a financial goal. Aside from savings and/or fixed deposits, insurance-linked investments or unit trusts and property, one of the best options is still the stock market – for better returns in a shorter timeframe. Is it risky, hard to learn, and too expensive? Not really, if you understand the fundamentals of what you’re doing. What kind of investor should you be? Generally, there are two extremes – on one end, there are investors who depend on technical readings and technology to trade frequently, and then there are those who buy and hold shares for the long term. Both methods can be profitable, and many investors are a mix of both. You don’t need a lot of money to begin. Low Chern Hong, head of operations and certified trainer of 8VIC Malaysia Sdn Bhd, adds, “You can start with only RM100. The secret formula is Time + Savings + ROI (return on investment). Before you invest, do your research; go … [Read more...] about Gain your share of wealth on the stock market
How to buy and sell shares in stock market
MANILA: The Philippine Stock Exchange will review its trading system and procedures after a local broker this week placed a wrong sell order that caused a 38% rout in the shares of Cebu Air Inc.The mistake happened on Tuesday during the market’s no-cancel period two minutes before the end of trading, when the closing price is settled. The exchange will discuss with brokers possible safeguards that can be added when they post orders, PSE Chief Operating Officer Roel Refran said in a phone interview on Thursday. The current system prompts traders to review the transaction and confirm it before processing but Tuesday’s error reminds traders that these can happen at any time. “How can we better improve that, and how can we better educate users about those functionalities?” Refran said. AB Capital Securities Inc, Abacus Securities Corp, David Go Securities Corp and Equitiworld Securities Inc confirmed they cancelled their buy orders when they learned about the … [Read more...] about Fat-finger error leads to review of Philippine trading system
Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services. Google has said it will comply with an order by U.S. President Donald Trump to stop supplying Huawei, meaning current owners of Huawei phones face being cut off from updates of the Android operating system from late August. New phones will lose access to popular apps such as YouTube and Chrome. Against this backdrop, some customers in Singapore and the Philippines have rushed to sell their Huawei phones, according to retailers and online marketplace data. But there are few takers. "If we buy something that is useless, how are we going to sell it?," said Dylan On, a salesman at Wanying Pte Ltd, a Singapore retail and repair shop. "It's not that Huawei is a bad product. It's a very good product. It's just that nobody wants to buy it now because of U.S. policy," … [Read more...] about Asian shops shun phone trade-ins on Google suspension worries
By Rolfe Winkler WSJ Tues., May 14, 2019 Uber Technologies Inc., Lyft Inc. and other big startups going public now have touted their new business models that disrupt old industries but lose historic amounts of money. To try to win over investors, they have also come up with unusual alternatives for measuring their performance. So far, investors aren’t buying it. The ride-hailing rivals have struggled after debuting on the public markets with the two largest-ever 12-month losses for American startups preceding an IPO. Uber, with a $3.7 billion loss in the 12 months through March, priced its shares at the low end of expectations and its stock has fallen about 18% from Friday’s offering price. Lyft, with a loss of $911 million last year, has fallen about 33% since its debut in March. Both companies provide financial measures they say better measure their performance. However, these measures ignore significant expenses. Uber calls this “core platform … [Read more...] about Uber, Lyft get creative, but investors aren’t blind to losses
By David Olive Business Columnist Sun., May 5, 2019 It appears the Trump administration isn’t all that interested in a deal to replace the North American Free Trade Agreement (NAFTA) after all. Last week, White House acting chief of staff Mick Mulvaney was sanguine about the prospect of Congress rejecting NAFTA’s proposed replacement, the United States-Mexico-Canada Agreement (USMCA). “You could stay status quo,” Mulvaney told a California business conference. “Your real Plan Bs are either NAFTA or withdraw from NAFTA.” It might be that U.S. President Donald Trump has reverted to his years-long preference to simply kill NAFTA without replacing it. Trump won’t budge on the reasonable changes that Congressional Democrats seek to make to the USMCA agreement. He also seems determined to keep in place the steel and aluminum tariffs he applied against Canada and Mexico about a year ago. And that alone pretty much … [Read more...] about Time to say goodbye to NAFTA’s replacement?