“Speculation, in its truest sense, calls for anticipation.” - Richard D Wyckoff
Wednesday, 31 July 2013
31-Jul-2013 CSE Trade Summary
Crossings - 31/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New Low on 31/07/2013
Tuesday, 30 July 2013
30-Jul-2013 CSE Trade Summary
Crossings - 30/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 30/07/2013
Monday, 29 July 2013
Quote for the day
"Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in. There is nothing better than a fresh start."- Paul Tudor Jones
29-Jul-2013 CSE Trade Summary
Crossings - 29/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 29/07/2013
Friday, 26 July 2013
Quote for the day
"The majority of unskilled investors stubbornly hold onto their losses when the losses are small and reasonable. They could get out cheaply, but being emotionally involved and human, they keep waiting and hoping until their loss gets much bigger and costs them dearly.”- William O’Neil
26-Jul-2013 CSE Trade Summary
Crossings - 26/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 26/07/2013
Thursday, 25 July 2013
Quote for the day
“Most people want stocks to go up all the time. We're back to normal and people don't like it, ... Investors that don't have the patience to ride through trading ranges won't be able to participate in the surge.” - Craig Callahan
25-Jul-2013 CSE Trade Summary
Crossing - 25/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 25/07/2013
Wednesday, 24 July 2013
Quote for the day
"Everyone is a prisoner of his own experiences. No one can eliminate prejudices - just recognize them." - Edward R. Murrow
24-Jul-2013 CSE Trade Summary
24/07/2013 - Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 24/07/2013
Tuesday, 23 July 2013
Quote for the day
"Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value." - Warren Buffett
23-Jul-2013 CSE Trade Summary
Crossing - 23/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 23/07/2013
Sunday, 21 July 2013
CSE: Historical Bull and Bear Markets 1985 -2003
Source: http://cyberconceptslk.net/dev_cimic/wp-content/uploads/2012/09/13.-Efficiency-of-the-Sri-Lankan-Stock-Market-Samarakoon.pdf
Saturday, 20 July 2013
Effective Financial Goal: The Five Characteristics
In financial management studies, an effective financial goal should have 5 characteristics which could be easily remembered as S-M-A-R-T. The following paragraphs explain all the 5 characteristics:
1) Specific
We might be thinking of being financially free but do you know what it takes? This goal is seems to be too general. Our goal needs to be specific so that we can focus particularly in each area of financial planning and easily to manage our own expectations. Specific goal normally has only one outcome.
For example, goal to invest 200 per month in unit trust and accumulate at least 2400 in a year; or spend within our budget every month. These specific goals are going to have different outcomes but when combined, they will ensure our cash flow to be healthy. When each specific goal is accomplished, we are getting nearer to financial freedom.
2) Measurable
We might be working very hard, but how do we know whether our goal is achieved? Therefore, our financial goals should be quantifiable.
For instances, we want to invest and accumulate 50,000 in 2 years and the progress can be easily quantified by looking at our investment account statement.
In fact, we must be able to measure or review the progress of achieving the goal such as calculating our current net worth, debt-to-income ratio and reviewing, return-on-investment (ROI) and our current insurance policy. It is good if we can keep a journal and review our current planning.
3) Achievable
Many people are influenced by the 'Law of Attraction' and believe that 'nothing is impossible'. Because of this, we're tend to set difficult goals which require great effort. However, are these goals realistic and achievable? It's important to know whether the goal is within our potential and logical norm.
For example, if your target is to achieve 1 million in a year by only investing 1000 per month in any scheme. How likely can these be achieved? In fact, such investment scheme will require very high ROI within a short duration and often comes with very high risk. You might lost your capital easily.
The most importantly, we should not stretch ourselves to achieve unrealistic goals. This is to avoid frustration over failure which could ended up in great disappointment.
4) Rewarding
We want to achieve a goal because want to get something in return or else nobody will work hard. While working towards goal achievement, we must be certain on the outcome to be achieved and it's importance to our life. In fact, it must be meaningful and enjoyable.
For example, a man wants to invest his money to accumulate education fund for his son in 20 years. In the future, this goal will be rewarding because his son will be able to enroll into higher education.
However, the rewards could be in any form such as material, financial, relationship and spiritual.
5) Time-bounded
We need adequate time to achieve our goals. It could be short-term, medium-term or long-term, depending on the type of goals to be achieved. Timeliness has been an important aspect in life. Therefore, we should allocate a time frame to avoid procrastination. It will be good if we can set a schedule for everything to be done.
For instances, saving for retirement would require many years because it is a long-term planning and involved huge sum of money. Therefore, planning for retirement in a short-term (1 to 5 years) could be unrealistic unless someone is willing to have huge commitment on this.
In brief, time is priceless because it gives chances for development and create greater outcomes. Therefore, the wise man always said, 'start early and stop procrastinating'.
Summary
An effective financial goal would always has these SMART characteristics; Specific, Measurable, Achievable, Rewarding and Time-bounded. This is to ensure that our goals are meaningful and get us closer to financial freedom. Good luck in your goal setting.
Edited Article of Isaac Wong Mun Yew
1) Specific
We might be thinking of being financially free but do you know what it takes? This goal is seems to be too general. Our goal needs to be specific so that we can focus particularly in each area of financial planning and easily to manage our own expectations. Specific goal normally has only one outcome.
For example, goal to invest 200 per month in unit trust and accumulate at least 2400 in a year; or spend within our budget every month. These specific goals are going to have different outcomes but when combined, they will ensure our cash flow to be healthy. When each specific goal is accomplished, we are getting nearer to financial freedom.
2) Measurable
We might be working very hard, but how do we know whether our goal is achieved? Therefore, our financial goals should be quantifiable.
For instances, we want to invest and accumulate 50,000 in 2 years and the progress can be easily quantified by looking at our investment account statement.
In fact, we must be able to measure or review the progress of achieving the goal such as calculating our current net worth, debt-to-income ratio and reviewing, return-on-investment (ROI) and our current insurance policy. It is good if we can keep a journal and review our current planning.
3) Achievable
Many people are influenced by the 'Law of Attraction' and believe that 'nothing is impossible'. Because of this, we're tend to set difficult goals which require great effort. However, are these goals realistic and achievable? It's important to know whether the goal is within our potential and logical norm.
For example, if your target is to achieve 1 million in a year by only investing 1000 per month in any scheme. How likely can these be achieved? In fact, such investment scheme will require very high ROI within a short duration and often comes with very high risk. You might lost your capital easily.
The most importantly, we should not stretch ourselves to achieve unrealistic goals. This is to avoid frustration over failure which could ended up in great disappointment.
4) Rewarding
We want to achieve a goal because want to get something in return or else nobody will work hard. While working towards goal achievement, we must be certain on the outcome to be achieved and it's importance to our life. In fact, it must be meaningful and enjoyable.
For example, a man wants to invest his money to accumulate education fund for his son in 20 years. In the future, this goal will be rewarding because his son will be able to enroll into higher education.
However, the rewards could be in any form such as material, financial, relationship and spiritual.
5) Time-bounded
We need adequate time to achieve our goals. It could be short-term, medium-term or long-term, depending on the type of goals to be achieved. Timeliness has been an important aspect in life. Therefore, we should allocate a time frame to avoid procrastination. It will be good if we can set a schedule for everything to be done.
For instances, saving for retirement would require many years because it is a long-term planning and involved huge sum of money. Therefore, planning for retirement in a short-term (1 to 5 years) could be unrealistic unless someone is willing to have huge commitment on this.
In brief, time is priceless because it gives chances for development and create greater outcomes. Therefore, the wise man always said, 'start early and stop procrastinating'.
Summary
An effective financial goal would always has these SMART characteristics; Specific, Measurable, Achievable, Rewarding and Time-bounded. This is to ensure that our goals are meaningful and get us closer to financial freedom. Good luck in your goal setting.
Edited Article of Isaac Wong Mun Yew
Friday, 19 July 2013
Quote for the day
"It is a truism to say that a good experiment is precisely that which spares us the exertion of thinking: the better it is, the less we have to worry about its interpretation, about what it really means." - Peter Medawar
19-Jul-2013 CSE Trade Summary
Crossings - 19/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New Low on 19/07/2013
Thursday, 18 July 2013
18-Jul-2013 CSE Trade Summary
Crossings - 18/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New Low on 18/07/2013
Wednesday, 17 July 2013
Quote for the day
“In this game, the market has to keep pitching, but you don’t have to swing. You can stand there with the bat on your shoulder until you get a fat pitch.” - Warren Buffett
17-Jul-2013 CSE Trade Summary
Crossing - 17/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 17/07/2013
Tuesday, 16 July 2013
16-Jul-2013 CSE Trade Summary
Crossings - 16/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New Low on 16/07/2013
Monday, 15 July 2013
15-Jul-2013 CSE Trade Summary
Crossings - 15/07/2013 and Top 10 Contributors to Change ASPI
Following Stocks Reached New Low on 15/07/2013
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