Gravity,

Do you understand the difference between a Professional Investor and a Professional fund manager?? We are talking about professional investor here. A professional and successful investor is rich and the person will not be working for anyone other than himself/herself.

BTW, I am not a professional investor.

Dreamer

Erm, sorry about not mentioning that she involved in investment on behalf of her company. She actually manages the funds and decide on the investment for her company.

This post has been edited by Gravity: Mar 20 2006, 12:51 AM

On the topic of investment, does anyone know how to Telegraphic Transfer >RM10k to overseas? PB Bank rejected my application to do so?
It seems the limit per transaction for a TT overseas is RM10k. Not sure if they limit the number of transactions? Anyone have any idea or experience?

This post has been edited by whtrader: Mar 22 2006, 05:19 PM

Do she invest her company's money in Swisscash? If you can confirm this many people will start putting Swisscash on a different perspective including me.




...................................
Edited : I meant Swisscash.. not Swissbank..

This post has been edited by jalut: Mar 23 2006, 09:19 AM

source: FAQ section in www.swisscash.biz

Is there a "Surrender Policy" for SIP?
No. All Investment is bound by contract whereby SwissCash will accept an investor's principal investment; in return the Investors accept the fixed payment schedule as defined by the SIP an investor chooses. SIP do not work based on the principle of "Fixed Deposit" offered by commercial banks. No one is able to withdraw his principal investment for a SIP but he/she is eligible to withdraw all the fixed returns at all time.

What is the difference between commercial banks' "Fixed Deposit" with SwissCash SIP?
FD yields you a return of 1-7% per annum depending on banks while SIP will yield you an average of 20% per month equivalent to 240% per annum. You are able to "Surrender" your FD Contract at anytime and collect back your Principal but SwissCash SIP do not have a "Surrender" Policy. You are not able to collect back your Principal midway through or even after the completion of the program.

guys,heard the news?

short selling is available again.

BUT..only a certain counters only and you need to borrowed shares to short sell,like you need to buy the shares first,THEN only you could short sell it...meh

Looks like the goverment is still ball-less,when it comes to all out or the "REAL" short selling like foreign markets and the futures market.

whats your opinion on it?

This post has been edited by mobiusone: Mar 24 2006, 09:34 AM

Good news.. At least there are some progress

yep...better than nothing

hope it could somehow attract some foreigners to invest in our market,to give the volume a boost

Before short selling was suspended at the height of the financial crisis,only the big boys benefitted because only they were in position to borrow the shares.Small guys like you and me could only stare by the side in envy .Let's hope that this round,Bursa will make it easier for the small guys too .

Not all things are lost.There is still single stock futures where you can shortsell .Bursa stated that single stock futures will also be introduced shortly.Nonetheless,there will still be some fine differences between lending and borrowing(short selling) and single stock futures.Until the details are announced,we could only make guesses.

Single stock futures,IMHO,will make the Malaysian stock market more interesting and will reduce the distance between Bursa and a real world class exchange.

well,according to the article written in the star



less than 100,that means all of them are blue chips shares?

single stock futures..that would be interesting too,and i hoped it doesnt fail like the previous stock options,and i satisfied with the current index and palm oil futures.

Previosly,only blue chips stocks qualified.I remember one of the critirion was 1 billion mkt capitalisation.

I think the takeoff of Single Stock Futures(SSF) will be slow considering the low level understanding of futures in this country.One of my main concern is the support by certain "unknown"forces on the prices of GLCs.This will distort the mkt price and will be extremely risky for one to short SSF of GLCs.

This post has been edited by lklatmy: Mar 24 2006, 01:44 PM

thats one thing i dislike,goverment intervention.

only GLC stock has ssf?
or all?

Not all and not necessarily GLCs.Usually,liquidity,mkt capitalisation and concentration of shareholdings are some of the critirea.

The SSF is good to boost the market liquidity since KLSE is somehow dead and buried currently (up and down less than 3 points/day for months) how boring it is, and also seriously lack of foreign interest.
But whether is will be a success or not still can't be told. The bursa/gov somehow a bit 'chicken' to launch the futures and short-sell product, afraid that it will drag down market which is well-supported by them (EPF,PNB). The logic is EPF and PNB are the among the largest shareholders in the KLSE or BURSA, so they don't want anybody to short-sell the push the price downwards which affect their returns rate .

If short-sell is permitted, I reckon MAS won't stay at RM2.80, it may well under RM1 already.

got any news which stocks can short-selling?

main board stocks,mainly blue chip counters or GLC? that requires huge amount of capital to tackle.OR some second board counters that has REALLY good performance.Forget about mesdaq,short selling could wipe them out within days or hours LOL.I dont think small traders like us will get a slice of this,only big fellows up there.Besides, the short selling system we are using right now hardly benefit small traders,besides boosting the volume and liquidity.It requires way too many procedure to short sell,like you need to go to the bank and request a short sell,meet some people.All that just to short sell a stock.


as for the SSL,i sat down and did some thinking.I personally think that the chances of it succeeding is slim,or takes a long time like Iklat said.Due to the lack of knowledge about the futures market,it takes a while for the crowd to get used to it.
Hell...a lot of people dont even know the existence of the futures market,or some of the just HEARD of it.

Here, a high percentage of traders in futures market use it purely as speculative tool just like betting big and small rather than properly studying the market and valuation. If you trade in CI future, you must at least know what is its 100 component stock and which stock affecting the movement of CI most,for example a 10cents increase in Maybank will result in 0.8 point movement and if Maybank and other big guns(TNB, TM) share are doing poorly then surely CI won't have much chance to go up.

Speculative is kind of good for the market also which will spur up the trading activity, but blindly trade in futures just for sake like betting big or small is something not healthy for the development of futures derivative market.

In a well developed market like US, the primary function of the futures market is for investors to do hedging and protect their fund/holding while speculation is kind of secondary for you to make extra profit if marketing condition falls in line with your strategy.

whoa..fundamentals

sorry,but i'm a technician,and all the people i knew that trade the CI futures are technicians too.I believe in the charts,and i do not waste my time researching counters that will affect the price.The people you mentioned above that bet on small or big,or should i say gamblers?

so far,i havent met a futures trader that does what you mentioned there.But i met tons of equity traders that are like that lol.First thing is that the futures market is very volatile,that kind of trading will wiped out your account in no time.Second,i believe all futures trader are at least equipped with a certain knowledge,that sets them apart from the equity gamblers,which consist the uncle that is selling fish in the local market,or the taxi driver.But how well their knowledge will serve them in the futures market,that i do not know.

The problem with our CI futures nowadays is there are too many speculators,but too little hedgers.The speculators lead the tide of battle,not the hedgers.Take a look at recent CI futures chart,it is not something you want to see.While the palm oil futures is the opposite,there amount of speculators and hedgers are well balanced.

hmmm now the short selling stuff, then the future CI...hmmm..interesting for a kid on da street like me to read about... keep on saying

OPR on da raise again....u guys please comment
my predict it is more likely a condition that will turn economy down...
wondering again..please comment.

This post has been edited by KVReninem: Mar 29 2006, 08:24 PM