Owner: Investment Blog URL:http://www.investment-blog.net/ Join Date: Sat, 19 May 2007 23:03:49 -0500 Rating:0 Site Description: Everyone wants to rich fast and easier. This is my investment blog about my investing journey. It provides all my experiences, analysis and daily task or entertainment and some effective ways to get double money in one day. Site statistics:Click here
Option Trading & Future Trading 2007-05-20 03:08:09 Basic Options Terminology and Education
An equity option is a contract that gives its holder the right, but not the obligation, to buy (in the case of a call) or sell (in the case of a put) shares of the underlying security at a specified price (the strike price) on or before a given date (expiration day). After this given date, the option ceases to exist. The seller of an option is, in turn, obligated to sell (in the case of a call) or buy (in the case of a put) the shares to (or from) the buyer of the option at the specified price upon the buyer’s request. Equity option contracts usually represent 100 shares of the underlying stock.
Strike prices (or exercise prices) are the stated price per share for which the underlying security may be purchased (in the case of a call) or sold (in the case of a put) by the option holder upon exercise of the option contract. Equity option strike prices are listed in increments of 1, 2 ½, 5, or 10 points, depending on their price level. A Read more:Trading
, Future
Trading Education 2007-05-20 03:05:29 Investing Basics and Stock Ownership
Stocks, also known as “equity securities” or “equities,” represent ownership in a company and a claim against the company’s assets and earnings; stocks also represent voting rights in matters presented by the Board of Directors to shareholders for a vote. Stockholders also elect the Board of Directors at the annual meeting or by proxy. Common stock, which represents the vast majority of traded equities, have the lowest priority claim on a company’s assets; the stockholder’s chances of collecting anything in the event of the company going bankrupt are minimal, since creditors and bondholders have a superior claim and will collect first. On the positive side, the shareholder is not liable for any of the debt or possible misdeeds of the company. Investors buy stocks mainly in the expectation of capital appreciation—which may or may not occur. Historical returns have shown that equities eventually outperform other inv Read more:Trading
, Education
GLOSSARY OF INVESTMENT TERMS 2007-05-20 02:53:08 GLOSSARY OF INVESTMENT TERMS
ADR
American Depositary Receipts are certificates representing shares in a foreign corporation that a U.S. bank issues. The ADRs themselves can be traded on the U.S. stock market. They are a convenient means for U.S. investors to trade shares in non-U.S. companies.
All-or-none order (AON)
An option order that must be executed completely or not at all. An AON order may be either a day order or a GTC (good til cancel) order.
American-style option
An option that can be exercised at any time prior to its expiration date. See also European-style option
Arbitrage
A trading technique that involves the simultaneous purchase and sale of identical assets or of equivalent assets in two different markets with the intent of profiting by the price
My thoughts while reading the book of time management. 2007-05-17 14:07:30 Since I selected my major as business management, I decided to read some related book to assist me before actually tempt into the class. As long as I finished the introduction of that book I found some concepts are really useful for me and drive me back to book for more. I write down the material I read and some of my thought below and hopeful it is interesting and helpful to you guys.
We can achieve a greater feeling of balance in our lives when we set some realistic goals for ourselves. These goals should encompass our whole lives, not just our professional circumstances. They should also enable us to prioritize our time, because once we have these goals in front of us, we can see what steps are necessary to allow us to reach our destination. Our goals can be broken down into various categories: professional, home and family, social, leisure, friends, holidays, hobbies, and personal development, such as learning a new language and even developing our time-management skills.
G Read more:thoughts
Realized the essential of time arrange. 2007-05-17 14:07:03 Well, I heard many enough of people sucided in college base on the high pressure they did to themself. I have been in college in 4 months and have some idea of how this happened. I have seens a lot of people running around and busy doing their works, but they are actually have no idea what to do to get their work done effectively and chronologically. They end up suffering in class afterward. Maybe it is time for me to manage the time. Staying organized would eventually make your life easiler.
There are many benefits, some of which we have already touched upon. However, let’s just list a few of them right now; and you will almost certainly be able to add some of your own!
You will:
Acieve more at work, at home, and in your leisure time
Live a more balanced life
Reduce the stress in your life
Have more energy
Be more self-disciplined
Have more focus to concentrate your efforts
Have more motivation to achieve what you want
Enjoy more success in your career
Increase your self-esteem and Read more:Realized
FOR TRADE TALKS TIME IS VERY SHORT 2007-05-17 13:42:49 Love it or hate it, globalization has made the world more prosperous. But free-trade advocates could face a setback later this year, because the 150 countries that make up the World Trade Organization (WTO) can’t agree on how to take things to the next level. Since 2001, the wto has been holding complex negotiations in an attempt to reduce existing barriers to trade in agriculture, services and manufacturing. But the so-called Doha Round has foundered because of squabbling between developing nations and the world’s economic powers: the U.S., the E.U. and Japan.
All is not lost. Pascal Lamy, WTO director general, said Feb. 7 that “political conditions are now more favorable for the conclusion of the [Doha] Round than they have been for a long time.” But the clock is ticking. On July 1, the “fast track” authority that was granted to President George W. Bush to approve trade pacts expires. After that, Congress will be able to tinker with and
The 10 Worst Trends on the Internet Right at This Exact Moment 2007-05-17 13:41:11 Because it’s that kind of day. You know what, don’t even read this, it’s just me being annoyed.
1. Rollover ads. Holy God, who thought these were a good idea? Any technology that you activate inadvertently, which then grows and metastasizes to cover up the Web content you actually want to see, should never have been devised by advertisers or accepted by the website editors who buy ads. Ditto obtrusive, nattering audio ads (”Congratulations, you have just won an iPod Nano…”)
2. Google bombing. Google is an enormously powerful engine that runs largely on the good faith of those who benefit from it. So by all means, let’s try to fool it for our own financial gain!
3. Second Life hype. I have nothing against Second Life. I think it’s an enormously cute thought-experiment that gives lots of fun and gratification to people whose artistic itch it scratches. But to pretend that gadding about in virtual 3-space is an efficient, useful Read more:Trends
, Internet
, Right
, Moment
A case of stock fever for Chinese investors 2007-05-16 03:55:56 Millions of first-timers are getting involved in the frenzy as Shanghai’s main market gauge continues to post eye-popping gains
Associated Press
BEIJING—After watching Chinese
stock prices gallop upward for months, Ding Xiurui wanted a piece of the action.
The 45-year-old office worker stood in line at a bustling brokerage last week to open her first trading account. She brought her sister, who opened an account too. They joined millions of other novice investors who are jumping into a market that has soared to dizzying heights, with prices up more than 51 percent this year.
“We still can make money,” Ding said as she stood at the counter at Tiantong Securities with the paperwork for her new account. Asked what stocks she would buy, Ding said: “I don’t know. I’m still learning.”
China is in the grip of stock market fever. Shares are changing hands in record numbers as first-timers pour in new money. Some are mortgaging their homes or dipping
How to keep an idiot busy for hours? 2007-05-14 21:33:23 How to keep an idiot busy for hours is a joke which implicates the listener in circular reasoning or action in an attempt to find out how to keep an idiot busy for hours. The implication is that the listener is an idiot. The joke can take many forms, including questions with no possible answer or activities with no apparent conclusion or objective.
A small card with “If you’d like to know how to keep an idiot busy for hours, turn this card over” printed on both sides.
A riddle:
Q: How do you keep an idiot in suspense?
A: I’ll tell you tomorrow!
A riddle:
Q: How do you keep a moron busy?
A: Give him a piece of paper with “Please Turn Over” written on both sides.
A riddle:
Q: How do you keep an idiot busy?
A: Put him in a round room and tell him to sit in the corner.
Get ready for $4 gasoline 2007-05-14 18:48:24 With prices at record high, demand and refining problems could push them much higher. Any relief in sight?
By Steve Hargreaves,
NEW YORK (CNNMoney.com) — With gas prices near record highs, experts say $4-a-gallon gasoline is just around the corner.
“I think it’s going to happen,” said Phil Flynn, a senior market analyst at Alaron Trading in Chicago. “Unless things change dramatically, I think we’re going to see $4 a gallon.”
Already
, prices in California average $3.48 a gallon, according to the motorist organization AAA. And one service station in San Francisco was charging $3.95, according to GasBuddy.com, a handy site that lists the cheapest and most expensive gas stations by city and state across the country.
Refinery problems and strong demand are the two main reasons cited for the runup. Prices hit a record high of $3.07 a gallon, according to the Lundberg survey released Sunday.
The bad boys of oil
Refinery output in the U.S.
Top Penny stocks 2007-05-22 17:07:53 Every week the penny stock market sees a very small number of stocks yielding huge percentage gains and becoming the highlight of the market. Usually by the time you find out, it’s too late. When you see stocks which have gained 50%, 100% or even 200% in price, don’t you wish you had found out about it earlier and made some money? Well at Top Penny
Stocks, we specialize in finding, sharing research and discussing the TOP penny stocks in the market, BEFORE it’s too late. Whether it’s a momentum run or a stock with some serious long term potential, this group is for traders who find and trade nothing less than the TOP penny stocks in the market!
We’ve been finding and trading penny stocks for a while now and have been exchanging picks and discussion via an email list. But we’ve moved to this Yahoo Group because it offers better communication features.
Some famous picks:
BETM Aug 2006
alert @ 0.96
high since 1.60
% increase: 160%
SFNN Nov 2006
alert @ 0
Small Is Essential 2007-05-22 09:39:43 At 37signals, a company with just eight employees whose Web-based collaboration software is used by thousands of small businesses, there isn’t time to sit around a conference room sipping latte and deconstructing memos. Come to think of it, there isn’t even a company conference room. There are just a couple of cubicles, loads of brainpower and three simple goals: make useful business software, make it easy to run, make money selling it. Repeat.
Founder and president Jason Fried, 33, decided early on that he didn’t need to be in the shiny valley of Silicon to make cool software. Half his team works out of a plain-vanilla Chicago office that 37signals shares with a design studio. The other four are scattered: Portland, Ore.; Chesapeake, Va.; Caldwell, Idaho; and New York City. This tiny crew, only three of whom graduated from college, has built software that many in the world of Web 2.0 consider the best for small-business collaboration. One of its developmen Read more:Essential
, Small
Trade Talks With China at a Juncture 2007-05-22 09:36:05 By STEVEN R. WEISMAN
WASHINGTON, May 21 — In recent weeks, the Bush administration has negotiated furiously with China
to secure some eye-catching new agreements to unlock Chinese markets for American goods. China, in response, has told the United States that it plans new purchases of $30 billion — a shopping spree that dwarfs any China has gone on previously.
Now, on the eve of the “strategic economic dialogue” between senior officials of the world’s fastest-growing and the world’s biggest economies, the question is whether these steps will satisfy a Congress irate over a trade deficit with China that soared to $232 billion last year.
“Some people will look at this and say there is not enough progress,” Treasury Secretary Henry M. Paulson Jr. acknowledged in an interview Monday, referring to the dialogue he started last year. “The key question is, Do we have more progress than we would have had otherwise?”
Mr. Paulson sai Read more:Trade
China Investigates Contaminated Toothpaste 2007-05-22 09:35:18 By DAVID BARBOZA and WALT BOGDANICH
DANYANG, China
, May 21 — Chinese authorities are investigating whether two companies from this coastal region exported tainted toothpaste as more contaminated product, including some made for children, has turned up in Latin America.
A team of government investigators arrived here Sunday afternoon and closed the factory of the Danyang City Success Household Chemical Company, a small building housing about 30 workers in a nearby village, according to villagers and one factory worker. The government also questioned the manager of another toothpaste maker, Goldcredit International Trading, which is in Wuxi, about an hour’s drive southeast of here.
No tainted toothpaste has been found in the United States, but a spokesman for the Food and Drug Administration said yesterday that the agency would be taking “a hard look” at whether to issue an import alert.
Authorities in the Dominican Republic said they seized 36,000 tube Read more:Toothpaste
, Contaminated
Sluggish Start 2007-05-22 09:19:07 09:40 ET [BRIEFING.COM] Stocks open relatively flat as investors lack the overwhelming evidence needed to convincingly build on recent market gains with so many indices near historic highs also raising valuation concerns. Another day of no scheduled economic data leaves investors placing added emphasis on corporate news and, not surprising, the market is welcoming more M&A activity.
Kirk Kerkorian’s Tracinda Corp. disclosed last night it wants to buy MGM Mirage’s (MGM 79.51 +16.56) Bellagio and CityCenter properties. Regrettably for the bulls, the MGM headline is essentially all there is in the way of market-moving news, and it’s not having much of an impact outside of the Casinos & Gaming space (+0.9%). MGM is up 26% while the potential of more industry consolidation sparks a rally in competitors like Las Vegas Sands (LVS 79.60 +3.69), Wynn Resorts (WYNN 99.25 +5.06), and Boyd Gaming (BYD 51.00 +3.96).
Dow +4.02 at 13546.90, Nasdaq -0.25 at 2578.54, S&P - Read more:Start
S&P Hits Record, But Can’t Hold 2007-05-21 23:18:54 16:20 ET [BRIEFING.COM] After seven long years, which included a 2 1/2-year period from March 2000 to October 2002 that saw nearly 50% of the broader market’s value evaporate, the S&P 500 finally eclipsed its record closing high intraday.
Unfortunately for the bulls, a growing sense that stocks are overbought at current levels resurfaced late in the day in the form of a sell program to take most of the steam out of what was initially shaping up to be a momentous day for equities.
Stocks opened with little fanfare but inched their way higher for most of the session as investors embraced another round of healthy M&A activity. The biggest news came from Alltel (AT 69.58 +4.37), which agreed to be taken private for $27.5 bln. The acquisition played into our Overweight rating on the Telecom sector.
General Electric (GE 37.10 +0.14), meanwhile, confirmed the sale of its plastics division for $11.6 bln.
However, speculation surrounding GE’s divestiture that surfaced Read more:Record
Is China really a bubble? 2007-05-21 08:02:05 I’ve noticed that there have been several articles lately on websites such as SeekingAlpha saying that China
’s stock market is a bubble, even comparing it to the tech bubble of 1999-2001. I’m not sure *anything* can compare to that bubble, but, opinions aside, I’d like to point out a couple important differences and a piece of information that may show that this is not a bubble in the usual sense: During the Tech/Dot-com bubble, most of the companies with outlandish P/E were not even profitable; many didn’t even have revenues. “Burn rate,” meaning the rate at which a company is UNprofitable, became an acceptable term (and still is to Jeff Bezos over at Amazon). The Chinese companies are making profits, excellent profits in most cases. They’re also paying dividends. But, the thing that is the most telling to me, is that the P/CF (price to cash flow) of the components of FXI and PGJ are only 7.4 and 7.9, respectively. This i
Famous Life Quotes 2007-05-20 22:56:36 From Simran Khurana,
A Select Collection of Famous
Life Quotes
A Zen Saying: Famous Life Quotes
Sit quietly, doing nothing, spring comes, and the grass grows by itself. Ernest L. Woodward: Famous Life Quotes
So great has been the endurance, so incredible the achievement, that, as long as the sun keeps a set course in heaven, it would be foolish to despair of the human race.
Ralph Waldo Emerson: Famous Life Quotes
So much of our time is preparation, so much is routine, and so much retrospect, that the path of each man’s genius contracts itself to a very few hours.
Samuel Johnson: Famous Life Quotes
Some desire is necessary to keep life in motion.
Thomas Fuller: Famous Life Quotes
Some have been thought brave because they were afraid to run away.
Jane Rubietta: Famous Life Quotes
Someone may have stolen your dream when it was young and fresh and you were innocent.
Emily Dickinson: Famous Quotes: Life
The mere sense of living is joy enough.
Norman Vincent Peale: Famous Quotes: Life
China’s Leaders Confront Their Own Manic Market 2007-05-24 20:56:07 By KEITH BRADSHER
HONG KONG, May 24 — WANTED: Central banker who can curb “irrational exuberance” among stock market investors. Statesmen with international credibility preferred. Availability soon.
Too bad Alan Greenspan, who does not speak Chinese, can’t apply. One of the biggest challenges for Chinese leaders these days lies in when and how to rein in the country’s soaring stock market and, just as important, whom to pick as the next governor of the central bank.
The challenges are closely intertwined. Like Mr. Greenspan nearly a decade ago, Zhou Xiaochuan, the current governor of the People’s Bank of China
, faces the knotty question of what to do about a speculative mania that has drawn millions of people with limited investing experience into betting their savings on the stock market.
Mr. Greenspan, now 81, struggled to contain the tech stock boom, issuing his famous “irrational exuberance” warning in December 1996 only to watch the American market k Read more:Leaders
, Confront
, Manic
, Market
Home Sales Soar by Record Amount 2007-05-24 20:55:03 (WASHINGTON) — The beleaguered housing industry is sending mixed signals, with sales of new homes surging in April by the biggest amount in 14 years while prices endured a record plunge.
Analysts said the price drop could provide evidence of builders’ desperation. They are looking to reduce a glut of unsold homes in the face of the worst slump in sales in more than a decade.
The Commerce Department reported Thursday that sales of new single-family homes jumped by 16.2 percent in April to a seasonally adjusted annual rate of 981,000 units.
That was the biggest one-month sales gain since a 16.4 percent surge in April 1993. Even with the increase, however, sales are 10.6 percent below the level of a year ago.
The median price of a new home — the midway point between the costliest and cheapest — fell to $229,100, a record 11.1 percent below the March level. The price was 10.9 percent below the level of a year ago, the biggest year-over-year price decline since 1970.
Read more:Sales
, Record
, Amount
China Requiring Bloggers to Register 2007-05-24 20:54:36 (BEIJING) — New rules by a Chinese government-backed Internet group maintain strict controls over the country’s bloggers, requiring them to register with their real names and identification cards.
The guidelines from the Internet Society of China
, a group made up of China’s major Internet companies, contradict state media reports this week claiming that China was considering loosening registration requirements for bloggers to allow anonymous online journaling.
The society’s new draft code of conduct seen on its Web site Wednesday says Web log service providers must still get their users’ real names and contact information.
Critics say the requirement violates a blogger’s right to freedom of expression and puts them at risk of punishment or imprisonment if they post controversial opinions about politics, religion or other issues.
The society’s proposed code of conduct for blog service providers comes in addition to already existing governm Read more:Register
Chinese Ministers, Bush to Meet on Trade 2007-05-24 03:49:17 Chinese Ministers to Meet With Bush, Angry Lawmakers Over Tense Trade
Ties
WASHINGTON (AP) — Preparing to meet President Bush, Chinese ministers sought to soothe congressional anxiety about Beijing’s trade practices after high-level economic talks yielded few results.
Discussions Wednesday between senior Bush administration officials and the largest high-level Chinese delegation ever to visit the United States also failed to reach a breakthrough in the countries’ biggest dispute: China’s undervalued currency.
After the talks, Vice Premier Wu Yi, leading the Chinese group, met privately with frustrated congressional leaders. She also planned separate meetings Thursday with Bush and senators.
Wu, speaking through an interpreter, said Wednesday that her discussions with House Speaker Nancy Pelosi and other lawmakers were “very good,” but she provided no other details.
After the meeting, Ways and Means Committee Chairman Rep. Charles Rangel said the Chin Read more:Chinese
10 Productive Uses for Backpack 2007-05-28 09:51:00 10 Productive Uses for Backpack
Capture. If you’re a fan of writing down every thought, idea, task and fancy that pops into your head – and if you’re not, you should consider it – you might carry a paper notebook everywhere you go. And paper is great, but you’re less likely to use it when you’re at your computer, or using your laptop or mobile device. And if you’re driving, it’s seriously hard to jot down ideas. Enter Backpack. At your computer, you can quickly pop open your Backpack front page (name it “Inbox”) and jot down a new note. Now all your notes are in one place, neat and organized, and you can easily paste them into other documents if needed. And when you’re on the road, you can use cell phone notes for Backpack– it’s a free service, and you can call a toll-free number (
Screening For Growth 2007-05-27 22:03:32 Growth Investing
Investing for growth is one of the mainstay styles for longterm investors. It is mainly geared toward people who have financial goals that are at least five years away. This investment style involves looking for companies whose sales and earnings are growing faster than the market, with the goal of finding the rising stars. It looks for firms that have both top and bottom-line growth, ideally at a consistent or predictive rate. You should know that instead of paying large dividends to their shareholders, growth companies try to use their assets and to reinvest the profits to make their businesses expand and, over time, offer substantial capital appreciation to their shareholders. Growth companies are usually aggressive in pursuing profitable ventures and retain a substantial portion of their earnings for research and development.
In bull markets, growth stocks generally outperform value stocks. Growth stocks are highly weighted in certain sectors because certain indust Read more:Screening
, Growth
Is China’s Manic Market Headed for a Mood Swing? 2007-05-27 18:04:43 About 18 months ago, Liu Junling, an upwardly mobile single Chinese woman, had a conversation with her boss, the CEO of a large, politically connected real estate developer in Shanghai. For the previous five years, people in China
’s largest city had lived and breathed the property market—buying apartments, if they could afford to, flipping them for higher prices, and buying again. The government really wanted to cool off the speculation, the boss told her. Probably not a good time to buy. Then, almost as an afterthought, he added: It might be a good time to buy stocks instead. Liu balked. “I don’t really understand the stock market,” says the 35-year-old, “why it goes up or down.” Now she is kicking herself. “I can’t believe I was so dumb,” she says, “but I think it’s too late to get in now, isn’t it?”
Liu’s question—is there a bubble in China stocks?—is of global concern because of the Read more:Manic
, Market
Buy American! 2007-05-27 18:02:09 Over the course of this year, China’s government will find itself with more than $300 billion in new foreign-currency reserves, mostly dollars, that it will have to park somewhere. That’s in addition to more than $1 trillion already in the bank. The oil-exporting countries of the world are in a similar predicament, with a trillion petrodollars looking for a home. Japan’s got a trillion bucks lying around too.
This is the flip side of the gargantuan trade deficits ($765 billion last year) that the U.S. is running, the result of high oil prices, Asian manufacturing prowess and our spend-and-borrow mentality. That leaves exporters like China the task of figuring out what to do with all those dollars. It’s tougher than it sounds.
Consider what happened the first time the nations of the Persian Gulf found themselves in a dollar gusher, during the oil crises of the 1970s. They handed back much of that money to Western banks, which loaned it out to developin Read more:American
Are You a BULL or a BEAR? 2007-05-27 17:54:41 Bull Case
Wall Street Journal had an interesting front page article today titled “Why Market Optimists Say This Bull Has Legs”. The primary reason given is the strength of the global economy today over the past when bull markets were shorter. Indeed it is true that investors have access to global markets today, whether it be in the form of private investments, ETF’s, ADR’s or hedge funds. Such easy access was not around 10 years ago. In fact, most investors back then thought China was something stored in buffet tables. India was tough to even locate on a map for most people. Now, these markets present the fastest growing economies in the world.
Just yesterday, Jim Cramer predicted the Dow to rise another 1000 points before year end. That is a total annual gain of 16% on the heels of a 16% gain last year.
All this when the frenzy of M&A activity is at all time highs with a deal announced 1 almost every 3 days this year. Now that gold, real estate and bo
Dave’s Daily Market Comment 05/25/05 2007-05-27 17:54:09 LOOKING FOR EMERGING MARKETS
Yesterday, Greg Newton and I had the privilege of conducting our third podcast interview with the Emerging Market
s Monitor [London]. The link to the podcast is HERE. [Be prepared for a nearly 40 minute discussion which makes sense given the enormity of the topic and feel free to listen to previous podcasts as you wish.]
The topics covered included:
What constitutes or defines an Emerging Market?
What are current market conditions from regions to specific countries?
Is the Chinese market too overheated?
Did you know Chinese retail investors are opening one million new brokerage accounts per week? And that a leading government official stated that fully one third of Chinese publicly traded companies are “fundamentally unsound”?
Where are new opportunities?
Are some new and existing US ETFs suitably structured? Or, are they antiquated or even misleading in make-up?
Included in this discussion are some new Emerging Market ETFs and t Read more:Daily
, Comment
, Daily Market
Chinese Stocks Tumble 8.3 Percent 2007-06-04 05:21:23 Chinese Stocks
Tumble 8.3 Percent
, Biggest 1-Day Drop Since February Plunge
BEIJING (AP) — Chinese stocks plunged Monday following government efforts to cool a market boom, recording their biggest one-day drop since a late February drop that triggered a global market sell-off.
The benchmark Shanghai Composite Index tumbled 8.3 percent to 3,670.40, falling for the third time in four sessions since the government raised a tax on trading last week. The index had dropped 2.7 percent Friday. The Shenzhen Composite Index for China’s smaller second market fell 7.9 percent to 1,039.90.
It was Shanghai’s biggest decline since Feb. 27, when the market slid 8.8 percent, triggering selloffs in Hong Kong, New York and London.
The index has dropped 15 percent since last Tuesday’s record high of 4,334.92.
Beijing has been trying to cool a boom that by last week had pushed up Chinese stocks more than 50 percent so far this year. The rally has attracted millions of first-time in Read more:Chinese
Thinking About Money 2007-06-03 20:41:29 When you invest, the way you think about money may change. When most people start their adult lives, money is harsh reality. It is solid; you must get a certain chunk of money to pay your rent or to buy groceries. Money
is bricks with which you build your life. Once you have built a solid foundation and have money you can afford to invest, money changes. It is fluid. Your pour it from mutual fund to mutual fund or stock to stock. You may find this change in thinking comes naturally as you move money around in your investments, or it may come as you study a textbook in corporate finance, which I describe below. A common misconception about investing is that when you hold a stock that has gone up or down, you have only made or lost money “on paper.” This is false, and believing it will cause an investor to make wrong decisions. After all, if you are driving around in your car and take a wrong turn and lose your way, you cannot say you are not lost because you have not gotten
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