Showing posts with label investment. Show all posts
Showing posts with label investment. Show all posts
Thursday, September 22, 2011
Saturday, July 30, 2011
How to Reach Your Goals
Outlining a goal increases the probability it will be accomplished. Here are some guidelines and techniques to help you accomplish your goals:
- Focus on results and opportunities.
- Use positive, meaningful language.
- Personalize to your values and purpose.
- Write it down with a deadline.
- Use clear, simple and specific words.
- Make it exciting or challenging.
- Build in reminders and milestones.
- Create a contract with yourself or others.
- Craft a way to visualize the goal.
- Set short and long-term objectives.
- Analyze for problems and solutions.
Tuesday, July 19, 2011
Business Opportunity Preview Night on 18 July 20114e
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| Chit Chatting while having the refreshment ... |
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| GAM, Cindy Ong & her associates .. |
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| Fancy door gifts for prospect UTCs.. |
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| The Most Handsome MC in OV |
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| Registration Counter |
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| GAM Ang, explaining the multi sources of income for UTCs |
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| Interesting words by Ang to the audience ... |
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| Invited Speaker, Wendy Cheong, gave an inspiring talk via her experience in PMB |
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| Token of appreciation from OV President to Guest Speaker |
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| Fill up stomach before listen to the talk ... |
Sunday, July 10, 2011
OV-Mid Year Review (4 July 2011)
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| GAM Cindy Ong - the 1st speaker to share her tips |
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| Deanna, Yvonne, CP Tan, Cindy and Lee Peng - The Super Achievers |
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| Henry, Melissa, Gillian, Marry, CK, Linda, Lianne & Susan - The Achievers |
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| Sharing by Gillian |
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| Participants listne attentively to the success story of Gillian : ) |
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| Sharing by Marry - Full of action and motivation!! |
Friday, July 1, 2011
Why are reserves of central banks so big?
Trade protection is an ever present threat in the current economic climate. Politicians have become animated about currency "manipulation", unlevel playing fields and other obstacles to export led recoveries. One barometer that is often watched closely is the level of foreign exchange reserves accumulated by central banks around the world.
Because foreign exchange reserve accumulation is (broadly) a consequence of intervention in markets, the accumulation of foreign exchange reserves is often used as a proxy for "unfair" competitive practices.
The accumulation of foreign exchange reserves is often cited by European and American politicians in their complaints against Asian trade and foreign exchange market practices. That global foreign exchange reserves have increased significantly is beyond doubt - though in a higher risk environment, this may simply reflect the realities of modern international trade.
One reason central banks may want to hold more reserves simply to protect themselves and their economies against the risks of problems with trade finance or problems in short-term foreign currency funding.
It makes sense for a central bank to hold a higher level of foreign exchange reserves than has been considered normal in the past, if there is an increased risk that the domestic economy will need foreign cash. Looking at other possible drivers for this reserve accumulation, however, it produces some interesting results.
The obvious place to start in looking at foreign exchange reserves is with current account surpluses. Countries that run fixed or managed exchange rate regimes (including many Asian economies) have collectively increased their foreign exchange rate reserves significantly in recent years.
Those countries that chose not to operate managed regimes are unlikely to have significantly added to their stock of reserves (barring shocks to the system, as with Japan recently). Therefore it is the managed exchange rate regimes of the world that are of most concern.
When we look at the countries with managed or fixed exchange rates, we find that they were running a collective current account surplus of around half a trillion dollars in 2009 (which was, generally speaking, a bad year for trade - which makes the size of the surplus all the more remarkable).
This would seem to support the contention of trade protectionists, who argue that central banks are building reserves in order to suppress the value of their currencies and boost their current account surpluses.
However, current account surpluses are not the only motive for accumulating foreign exchange reserves. Monetary authorities that are seeking to manage their exchange rates will have to offset not only the current account position, but also any capital inflows which are directed towards their countries.
To some extent, capital controls can contribute to the manipulation of capital flows by changing the risks and incentives to invest in a specific economy, but that may not be sufficient.
Capital flows into those countries with fixed and managed exchange rate regimes have been significant in the recent past. In 2009, portfolio flows (buying financial instruments, like shares) and foreign direct investment (for instance, investing in factories) accounted for roughly half a trillion dollars.
In other words, the capital inflows into countries that manage their exchange rates are exactly as important as the current account surpluses of those countries.
Of course, private sector outflows by local investors buying overseas assets may offset these capital inflows to some extent, but there is still a need for these capital flows to be compensated for if the monetary authorities wish to maintain a fixed or semi-fixed exchange rate regime.
Only half of the reason for building foreign exchange reserves is the current account surplus. The other half of the reason for building foreign exchange reserves in those countries than manage their exchange rates is that international investors want to invest in those countries.
This highlights a critical issue for the debate surrounding foreign exchange reserves, exchange rate regimes and trade protection: current account surpluses are not the overwhelming cause of reserve accumulation by those countries that seek to manage their foreign exchange rates. Capital inflows into fixed and managed exchange rate regimes assume as much importance as current account balances.
Foreign exchange reserve accumulation may still be a signal that a currency is undervalued - but it might be undervalued from a capital account perspective, rather than a current account perspective.
That is to say, controlling the exchange rate may make assets appear cheap to foreign investors, which may be more important than making domestically made goods appear cheap to foreign consumers.
It is perfectly possible that the accumulation of foreign exchange reserves could be curtailed through capital controls or shifts in expectations about asset market returns, without there being any noticeable rebalancing of current account positions.
The writer is managing director of global economics, UBS Investment Bank.
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The accumulation of foreign exchange reserves is often cited by European and American politicians in their complaints against Asian trade and foreign exchange market practices. That global foreign exchange reserves have increased significantly is beyond doubt - though in a higher risk environment, this may simply reflect the realities of modern international trade.
One reason central banks may want to hold more reserves simply to protect themselves and their economies against the risks of problems with trade finance or problems in short-term foreign currency funding.
It makes sense for a central bank to hold a higher level of foreign exchange reserves than has been considered normal in the past, if there is an increased risk that the domestic economy will need foreign cash. Looking at other possible drivers for this reserve accumulation, however, it produces some interesting results.
Those countries that chose not to operate managed regimes are unlikely to have significantly added to their stock of reserves (barring shocks to the system, as with Japan recently). Therefore it is the managed exchange rate regimes of the world that are of most concern.
When we look at the countries with managed or fixed exchange rates, we find that they were running a collective current account surplus of around half a trillion dollars in 2009 (which was, generally speaking, a bad year for trade - which makes the size of the surplus all the more remarkable).
This would seem to support the contention of trade protectionists, who argue that central banks are building reserves in order to suppress the value of their currencies and boost their current account surpluses.
However, current account surpluses are not the only motive for accumulating foreign exchange reserves. Monetary authorities that are seeking to manage their exchange rates will have to offset not only the current account position, but also any capital inflows which are directed towards their countries.
To some extent, capital controls can contribute to the manipulation of capital flows by changing the risks and incentives to invest in a specific economy, but that may not be sufficient.
Capital flows into those countries with fixed and managed exchange rate regimes have been significant in the recent past. In 2009, portfolio flows (buying financial instruments, like shares) and foreign direct investment (for instance, investing in factories) accounted for roughly half a trillion dollars.
In other words, the capital inflows into countries that manage their exchange rates are exactly as important as the current account surpluses of those countries.
Of course, private sector outflows by local investors buying overseas assets may offset these capital inflows to some extent, but there is still a need for these capital flows to be compensated for if the monetary authorities wish to maintain a fixed or semi-fixed exchange rate regime.
Only half of the reason for building foreign exchange reserves is the current account surplus. The other half of the reason for building foreign exchange reserves in those countries than manage their exchange rates is that international investors want to invest in those countries.
This highlights a critical issue for the debate surrounding foreign exchange reserves, exchange rate regimes and trade protection: current account surpluses are not the overwhelming cause of reserve accumulation by those countries that seek to manage their foreign exchange rates. Capital inflows into fixed and managed exchange rate regimes assume as much importance as current account balances.
Foreign exchange reserve accumulation may still be a signal that a currency is undervalued - but it might be undervalued from a capital account perspective, rather than a current account perspective.
That is to say, controlling the exchange rate may make assets appear cheap to foreign investors, which may be more important than making domestically made goods appear cheap to foreign consumers.
It is perfectly possible that the accumulation of foreign exchange reserves could be curtailed through capital controls or shifts in expectations about asset market returns, without there being any noticeable rebalancing of current account positions.
The writer is managing director of global economics, UBS Investment Bank.
Tuesday, June 14, 2011
理財三點式‧保險＋定存＋基金
2011-06-13 (Sin Chew Daily)
甫踏入社會的新鮮人，對於銀行櫃台前，琳瑯滿目的投資商品，肯定不知從何下手。銀行財富管理部門主管建議，新鮮人可把握“保險不可少、保留部份現金、定期定額投資”三項基本原則，依自己的風險承受度，從保險、定存和基金三種商品著手。
新鮮人拿到第一份薪水後，記得進行規劃，保險是不可或缺的一環，銀行主管說，愈年輕時投保，保費愈便宜，所以基本的醫療險、壽險一定要先投保。
保留急用金
不跳腳
不跳腳
接下來，也要保留一部份現金在手，才不會臨時有資金需求時捉襟見肘。
因此，每個月拿到薪水時，記得將手頭一部份的資金，存放在定期或活期存款中，以備不時之需。不過，目前一年期的定期存款，利率大約只有2%，所以存放的金額不用太多，以免利息，全都被通膨吃光。
銀行主管說，一般而言，要保留可供三個月生活費的現金，以免青黃不接時，還得和家人、朋友調頭寸。
銀行主管認為，新鮮人不用急著一領到薪水就拿去投資，應該先進行儲蓄，準備好緊急預備金，並做好保險規劃後，再考慮股票、基金等投資工具。
在挑選保險工具部份，新鮮人應選擇低保費、高保障的險種，小錢也可買到大保障。
舉例而言，如定期壽險、意外險，終身壽險搭配意外險、醫療險附約，先建立起最基本的保障。
另外，保單的內容應當依照個人工作內容與風險程度來規劃，例如，工作內容屬外勤、業務性質，或是經常出差、騎乘摩哆車上下班，就應考慮提高意外險，以及意外醫療的額度，若是屬於內勤，就不一定需要提高意外險。
定期買基金
賺複利
賺複利
在投資部份，缺乏時間關注股市的新鮮人，可以考慮透用銀行的定期定額機制，購買海外基金，每月最低只要3,000元，就可以逐步累積財富，存下自己的第一桶金。
銀行主管指出，若是能承受較大風險的積極型投資人，可以購買新興市場的股票型基金，若是擔心風險，可以購買股票和債券兼而有之的平衡型基金。
銀行主管指出，一天只要省出一杯咖啡的錢50元，一個月就有1,500元，一年就有18,000元，看起來不過是一筆小錢，但是經過複利的時間魔法，小錢也能滾成大錢。（星洲日報／投資致富‧財富教室）
Tuesday, April 12, 2011
Success Sales Workshop - Dialogue with Achievers
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| Ms Alicia is sharing on her success story - "Feb 2011 till now........RM 3,000,000 Personal Sales" |
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| GAM Lee Peng & Sew Hong evaluating the speakers.....Ummm,....good sharing! write down the good points... |
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| GAM facilitating the dialogues session with successful UTCs |
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| Listen attentively |
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| Wao!! CK Goh is using the point system to measure his business productivity?? How ah?? |
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| Cindy : " Who have achieved more than 1 Million sales YTD?.?" |
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| Ha..ha.......she found the answer ? |
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| Congratulations to the achievers! |
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| Very serioius!! Talking about what they plan to do next ? |
Monday, February 21, 2011
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