http://forum.lowyat.net/index.php?showtopic=326577

Read my thread and my comment about insurance....

Dreamer

I have never in my life buy bond directly. So, I cannot help you. I use a US bond fund.

Dreamer

P.S.: Why would you buy a bond when you can buy a bank stock with dividend yield of 6%? The yield is as high as the bond plus you have the possibility of capital appreciation

This post has been edited by dreamer101: Aug 25 2006, 08:37 PM

Leekk8,

There is no diversification in Malaysia. 50% of KLSE is owned by GLC and GLIC. So, unless you are buying global UT, you are kidding yourself that you are getting any kind of diversification by buying domestic UT.


??!!,

I am talking about dividend yield. It is based on actual share price. The share price is around RM6.50 to RM7.00. The dividend for 6 months is $0.20 per share. Look like this year dividend is at least $0.40 per share

RM0.40 / RM 6.50 = 6.154%
RM0.40 / RM 6.75 = 5.296%

Last year dividend is RM0.55 per share. Do your own research and pick the price point that make sense for you.

Dreamer

Folks,

Let's have some common sense here. If somebody really have a scheme like this, he/she will be retiring on a beach some where. Why would the person waste his/her time asking you to join?? I definitely will not.

Dreamer

Folks,

If something is too real to be true, then it must be false.

1) If you are interested in this scheme, you should ask, under what circumstances will I lose money?? If the answer is never, run away quickly..

2) Please noted that at least in USA, Forex trading can leveraged 20 times. That means with RM 60K, you can buy and sell up to RM1.2 million. It also means you can go bankrupt easily if you place a wrong bet. It is not the same as stock where you only lose what you invested.

Dreamer

And, if the currency goes to the wrong way, you lose money. The movement is very small. To make a lot of money, you either make a lot of trades (lose money on commission) or you make big bet (huge risk with leverage).

I know someone that won lotteries 3 times in his life and win money most of times that he went to Genting. But, he is so rare. Not many people are like him that can walk away with winning.

Even a simple thing like stock market, you can lose money. I lost half of all my savings during Internet bubble. I was greedy and I did not get out of the market in time. Just imagine that you are amplifying this 20 times by scale and time. Literally, you can go bankrupt in a matter of hours. The same goes for commodity trading.

Let's say you have RM60K. How certain are you that you will not get greedy making RM1.2 million bet?? In fact, because of the changes are so small, you have to make a lot of trades or big trades to make good money. The temptation is too high and most of us do not have that kind of discipline.

Dreamer

P.S.: The trading company is not your friend. They make money from your commission regardless of whether you win or lose.



]

This post has been edited by dreamer101: Aug 28 2006, 09:24 PM

1) I am giving advice freely with no hope of gaining anything from anyone.

2) All human beings are greedy. If they are not, they will not be doing Forex trading. So, from your own admission,

<<80% of people investing in forex lost their money.>>

That means most of your clients lose money.

3) << That's why our company keep up with the market from time to time to tell our investor when to buy and sell. >>

This is common sense. If your company is so good in this, it will not be a Forex trading company earning commission. It will make so much money from its own advice that it needs no client.

4) I am NOT accusing you of cheating. You are just NOT telling the whole truth. For example, you tell people how they can make money but you do not tell people how much risk they are taking. And, you do not tell people that they will be taking on more risk than normal stock trading.

5) Do you check or care whether your client is suitable for this kind of investment?? You don't.. As long as they have RM60K, you will sign them up.

Dreamer

This post has been edited by dreamer101: Aug 28 2006, 11:06 PM

Blizz,

1) Every month, we have newbie sign up in Lowyat forum and the sole purpose is to sell something. You are not the first and you will not be the last.

2) I have been through so many of this kind of schemes that my BS detector capability is good enough that I do not have to waste my time to listen to this.

3) The funny thing here is you know so little that is going on here that you might be honestly think that you are helping someone.

4) If you cannot explain simply how you can make and lose money in a simple paragraph, why should I waste my time in believing you??

5) DO NOT INVEST ON ANYTHING THAT YOU CANNOT UNDERSTAND!!!

Dreamer

P.S.: I wasn't born yesterday.


This post has been edited by dreamer101: Aug 28 2006, 11:56 PM

Bilzz,

If you aka the person that work in this company cannot EXPLAIN simply how you can make and lose money in your scheme in a public forum so that people can examine it carefully. What makes you think people will do better by just going to your company's seminar?? There is a lot of BS here..

Dreamer

Blizz,

You are working for this company. And, you claim that you gain nothing when your company has more customers?? Are you thinking that the forumers are stupid or what?

So far, you have NOT tell us how you can lose money in forex trading?? You only tell us that you can make a lot of money. If this is NOT selling, what is selling??

Now, on the other hand, if you invest on something and
1) You know how you can make money but

2) You do not know how you can lose money

It is pretty obvious either

A) You have very little investment knowledge -> You are a fool

B) You are deliberately withholding information -> You are lier

Do people really want to trust their money on either a fool or a lier??

Beware of the naked man that is offering his clothes.

Dreamer

Geminist,

Actually, I am not as mad if someone is selling their product/scheme in a proper discussion. Aka actually telling people what is the pros and cons of their scheme.

For example, you could earn USD 5K in 3 to 5 months but you are taking a risk where you can go bankrupt in one day.

Something like telling people you could make a lot of money and you need more information please PMed me is just plain simple advertising. The poster dare not even to tell people what is the actual scheme is and people can discuss and pick apart the arguments.

I think Blizz has over-step his/her boundary. He/she is recommending something that he/she has no idea how big the risk is. But, I would not ban Blizz yet. It has been highly educational picking apart his/her advertisement..

Dreamer

This post has been edited by dreamer101: Aug 29 2006, 03:14 AM

http://forum.lowyat.net/index.php?showtopic=326577&st=60

Read my simple guide to life insurance on my thread.

Dreamer

Blizz,

You are young and naive. Enron hired a lot of people too and it is a listed gas company. It scammed a lot of people too. Unless you own the company, you better be careful and do not say thing like "I am sure he doesn't scam people". Especially, when we ask you question and you cannot answer. You really have no idea how this forex thing works so how can you tell it is not a scam??

A sign of intelligence is to know when you do not know enough. You do not know enough.

Have you find the answer how can you lose money?? Did you ask?? Did anyone answer?? If nobody answer this question at your company, this will be a pretty good indication of what kind of people you are dealing with in this company.

If you want to share, ask that question and tell us what do you find. I know the answer.

Dreamer

Blizz,

I have told you how to find out whether your company is a scam!!!

<<But I don't like the sound "young and naive">>

You deserved it!!! You are pushing and selling an investment when you have no idea how it can lose money???

Dreamer

http://financialpage.blogspot.com/2006/08/...dex-adopts.html

http://flagship5.vanguard.com/VGApp/hnw/Fu...&FundIntExt=INT

Vanguard Emerging Market Fund is around USD $10 billion.. Now, it is adding Malaysia and Russia into the fund... It will be interesting to watch whether this has any good impact to Malaysia stock market..


Dreamer

1) I lost half of my savings in Internet stock trading. If it was Forex, I would have been bankrupt.

2) It is very simple. You predict whether the exchange rate is going up or down. If you predict correct, you make money. If you predict wrong, you lose money. The problem is the movement is usually very small. So, you make very little money on each trade. To make real money, you either have to make a lot of trade (killed by commission) or large trade ( leverage 20 times = huge risk)

3) What people did not tell you is in stock trading, if you do not do margin and stock option, you only lose the money that you invested in. In Forex, because of leverage and you must do levarage to make real money in forex, you can lose up to 20 times the money you put in.

Dreamer

The question is if you lose your job, how long will it takes for you to find a new one. The emergency fund is what you need to keep you survive..

So, if you think you need 3 months to find a job, you needs 3 months of emergency fund. Or else, 6 months. And, if you think recession is coming and it is harder to find a new job. You need more emergency fund.

The same logic applies to businessman. What happen if your business is slow or no business, do you have enough cash flow to survive?? 80% to 90% of small business failed in the first 2 years because of cash flow problem.

Dreamer

This post has been edited by dreamer101: Aug 30 2006, 08:54 PM

Ah_suknat,

Buy something that will survive the recession and do well..

Dreamer

David83,

Just check which stock survive and do well during 97/98 currency crisis. I think PBB did okay..

Dreamer

http://pages.stern.nyu.edu/~adamodar/

The above URL bring you to a web site Professor Damodaran. There are class lectures, archived web cast, book on PDF format and so on. He is the current expert on valuation aka how to value a stock.

Dreamer