RSS Feed
|
|
shenyan1206  |
 |
 |
|||
YGE is Yilin Green Energy company head-quartered in China. it is one of the largest PV designer and manufacturer.
|
|||||
 |  |  |
| Comment | 0 |
|
|
|
|||
Each participant has a total number of votes which is a sum of Number of participations + Number unique friends emails + Number of twitter messages. all participants are shuffled and assigned a unique sequencial of numbers, and the sequence range is determined by the total number of votes. then a random number is generated. the winner will be the participant who has the sequence range covering the random number.
|
|||||
| | |
| Comment | 0 |
|
|
|
|||
recently I spent quite a lot of time on house loan calculation, and comparing between buying a house and renting a house. I have a lot of friends like myself, coming from another country, stucked over here serveral years and may be serval years more. since we have to stay in this country for so many years, buying a house becomes a majoy issue. keep wondering how much interest I have to pay to bank if I only keep the house for 5 years. with the tool provided by prosperity -- wealth manager, I can easily do the simulation and find out the result. here it is. assuming I have 1 million at the beginning, buying 400K HDB house by taking 80% loan for 20 years with fixed interest 3%.
what's my total net-worth in the year of selling the house? it's 955.6K, I will lose 44.4K to cover the interest.
|
|||||
| | |
| Comment | 2 |
|
|
|
|||
look at what AIG is doing with those gov bailout money! they use it to pay huge amount of bonuses intead of saving their asses. bonus is for those ppl who has done an excellent job, not for jokers who mess up the whole world.
why can't we just let those companies fall, and use the bailout money to save the policyholders?
|
|||||
| | |
| Comment | 2 |
|
|
|
|||
we had users asking how to save the simulations they have done, and here it is! we understand how important it is to save the simulations on which users spent their treasured time to get an overview on their personal finances. We released this feature for the Wealth Manager, and soon to come for the Prosperity Planner. You have two ways to save your simulations.
The simulation files are saved on the server where you can access them anytime by click the "My Saved Simulations" menu on the right hand side. when viewing a list of simulation files you have saved, you can
This feature is available only to registered users, so register and save your personal simulations.
|
|||||
| | |
| Comment | 0 |
|
|
|
|||
The impact of the credit crisis has been ravaging the US, and it now starts to shake the Asian economies relying heavily on exports. The link between no credit availability and exports lies in the fact that consumption, both retail and corporate, has decreased significantly due to unavailable credit to finance purchases. As a result, the falling demand translates into growing inventories followed by lay-offs. Then again, lay-offs decrease demand and we are back to square one.
This is where the Chinese Government steps in, with a very smart move. Instead of pumping billions of dollars in ailing financial institutions, the Chinese Government decided to fund large purchases of goods ad services from foreign companies. I personally believe that this is a strategic decision where they kill two birds with one stone.
First of all, if the funds available to finance the purchases are large enough, it will boost demand, break the spiral of lay-offs and restore confidence among individuals to start consuming again. Obviously, this does not solve the credit problem of individuals unable to access credit to buy cars for example, but that is in the hands of Governments to solve.
The second benefit for China is that its image will gain tremendously from showing strong support in this economic meltdown. If well applied, this scheme will see China becoming a highly regarded player in the world economy and a trusted partner for countries all over the world.
|
|||||
| | |
| Comment | 0 |
|
|
|
|||
No shameAfter Bank of America announced that part of the bailout money was spent on bonuses to Merrill Lynch bankers, now the Treasury Secretary has to intervene himself to stop Citigroup from buying a new corporate jet. I am absolutely flabbergasted !
Merrill Lynch moved forward its bonus pay-out (4bn in total), just before the official merger with Bank of America (January 1st),to make sure the bonuses are paid while the bank is filing a 15bn loss that has to be borne by ... the taxpayers
This is simply fantastic. Not only did they make sure they screwed the taxpayers, John Thain spent 1 million USD on redecorating his corner office.
Well done, this is what I would call Lead by Example
|
|||||
| | |
| Comment | 0 |
|
|
|
|||
The hedge fund industry saw an explosion in the last decade, and rightly so. In 2001 - 2003, the returns on hedge funds was on average 10% per annum, whereas the stock market crashed due to the dot com bubble implosion.
Hence, high net worth money poured into the hedge fund industry. Not one week passed by without headlines on Citadel, the Children Investment Fund and the likes. IPOs were discussed, and some had an IPO, but to what profit? Here's my point of view: when a Hedge Fund or Private Equity firm goes IPO, it wants to shift the risk from its private shareholders to external shareholders, and that is definitely not a good sign. And apparently it was not a good sign...
Now it looks like the golden years are over for these high flying managers. Private Equity funds are being unwinded in the secundary market with Harvard leading the pack! Hedge funds are locking in shareholders by blocking redemptions. Even with all those measures, billions have been moved out of the hedge fund industry. From my perspective, it is normal. The incentives are wrong, a hedge fund manager gets a fee plus a share on the profits made with your money, but if there are losses, they don't bear any of those losses. This leads to gambling, with for example Amaranth going bust by losing more than 6 billion USD in 2006.
Hedge funds are necessary to make markets efficient. If a stock is listed in the New York as well as in Paris or Hong Kong, hedge funds will play on the difference between the markets to make money, hence levelling the price. A good and necessary thing for financial markets to function properly. As an analogy, you can see them as surfing the wave. However, here's the problem, when a hedge fund is not surf board any more, but rather a supertanker because the size of the fund runs into billions of dollars, the wave cannot carry the supertanker, the supertanker creates the waves!
As an example, when the CDOs were so popular among investors, banks ran out of mortgages such that they could not create CDOs any more. Since it was a very lucrative business for the banks, they decided to synthetize CDOs: instead of having homeowners taking a mortgage, banks went to hedge funds to replicate the homeowners.The hedge fund would get money upfront, and it would have to pay back the same amount as homeowners would have to pay back based on a mortgage. If the homeowners default, the hedge fund does not have to pay back any more, a technical default that becomes a profit for the hedge fund.
This is a very nice story, however, think of it: there is no economic reality supporting this! This a pure bet, and a stupid bet. Imagine that you, as an investor, you want to diversify your investments. You put your money in two different funds of funds, they are supposed to offer maximum diversification. One fund puts money in CDOs and the other fund puts money in the hedge fund. The outcome of your investments is ZERO minus all the transaction costs and management fees!!
Since there is no economic reality, no value created in this chain, as an investor you loose money in all cases. There is no way you make money, unless you invest in only one of the structures, which is basically taking an uninformed bet. I personally prefer to bet on the stock market then, wth CFDs or even the Forex.
Back to reality, it is time fund managers understand that value created is an important thing.
|
|||||
| | |
| Comment | 0 |
|
|
|
|||
Finally it is available, the big brother (read enhanced version) of our Wealth Manager is online and in beta version, you can access it here (opens in a new window). So, what's new? The Prosperity Planner (that is how the big brother of the Wealth Manager is called) offers you more flexibility and in-depth analysis. It is designed in the same way as the Wealth Manager, i.e. with drag and drop features and very graphical. However, note that the Prosperity Planner is for more advanced users, hence we recommend you start with the Wealth Manager. This being said, the Prosperity Planner includes: 1. Financial Snapshot: Consolidate your pension plans, stocks, unit trusts, properties, and insurance plans. The good news is that it includes CPF and SRS. 2. Wealth Manager: based on the consolidation of your portfolio today, simulate your future life style with the Wealth Manager module. 3. Insurance Manager: Review graphically your insurance coverage and stress test the strength of your coverage 4. Summary: Summarize your personal balance sheet, financial ratios and insurance coverage
Feel free to send me feedback using the Comment feature or by email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it Enjoy !
|
|||||
| | |
| Comment | 0 |
|
|
|
|||
Financial investment products such as bonds and stocks are pretty easy to understand, however making the decision of investing in a specific bond or stock is based on your assessment of the company, the industry it operates in and the prospect of the global economy. When it comes down to derivatives (options and warrants e.g.), and structured products, things get complicated. The returns and risks are not easy to assess compared to the promised returns. A good and easy way to do a quick check is to look at the returns in the good state of the world and the losses in the bad state of the world. The good state of the world enables you to understand what you will gain if the economy is good, the industry is thriving and the company is growing. The bad state of the world should quickly show you what your losses will be if the company is not doing well. Of course, these two states are based on assumptions, but it will give you a good idea of what your risks and rewards are in a simple and quick financial check. Imagine you would have done that for the Lehman Minibonds, you would have concluded this:
A pretty simple and quick assessment. If you think the returns are good, then it makes sense to go to the next level of scrutiny: what are the underlying assets, which company is the custodian of my investment, what is my view on the world economy and the S&P500 in the next 3 months, etc. Because the good and bad state of the world are based on assumptions, the capital protection is only valid as long as the underlying bond is risk-free. Obviously, in retrospect it was not. Lehman went bust and the bonds are worth nothing now. I found an explanation from Lehman itself on its Equity Linked Notes, you can read it here. Quite interesting to read I must say, especially the missing parts… Not much is said about the risk borne on the bonds.
|
|||||
| | |
| Comment | 0 |
|
|
|
| | |
| Comment | 0 |