StockWhiz challenge!!!
close to 70k manz..
where in hell did i get so much money? portfolio of 80k?
ask SGX - they are organising a real time trade for us, virtual cash of 80k.. for those who are interested in the market, and feel bored about paper trade, this is a time for u to practise skills.
just get in and u will see the live action, price tick keep updating.. like the real thing.. only diff is u got 80k to buy wat u like.. and not to forget , the one wif the highest portfolio at the end of the game, u get real money 6k in cash! very suitable for those who have easy access to pc all day long during work.
but more impt, its free. just get in and hav a feel of owning 80k and buy/sell like great singapore sale. day traders, position traders, scalpers etc.. come frd, let us hav some fun and we can compare our portfolio, at least u hav a chance to know where u went wrong b4 ploughing in hard earned real cash.
guess in-thing now is biodiesel, no wonder tat wilmar keep making new highs within a week.. tats why u see when it started on an uptrend, nuttin can stop it manz.. however.. know when to sell and u wont be tat greatest fool who bought the last wif the highest price.
my take on the FMOC fed rate coming sep 20.
- most impt i guess will be the oil factor.. direct impact on inflation.. point to iran activists on nuclear. if hell break loose.. its gonna be bad.. which i think 70% iran will not cooperate.
for all those who are cash super rich, might take a look at fixed income securities..
since now interest rates are quite high, if u are comfortable, can lock in at a decent yield for several yrs in bonds, rather than deposit in savings or fixed deposits. even though there are promotional fixed d by banks recently.. its only for a short term. and one thg good is bonds are very liquid and those issued by the government... confirm 99.99% wont be defaulted.
if u are more gung-ho, then go for US treasury bonds. higher int rate but subject to forex gain/loss.
good ar, my studies.. open my eyes to a lot of financial stuff.. somemore i just got my surrogate employer NTUC to reimburse my studies fees.. hehe.. my appeal successful manz - u never see how sad i wrote in to appeal, they must be touched... haha!
even though xtra money go to my wife bank acct for debit :(
she is my trade creditor. haha..