"Mistakes are okay; they are our stepping stones of progress. If we are not failing from time to time, we are not trying hard enough and we are not learning. We have to take risks, stumble, fall, and then get up and try again. Appreciate that we are pushing our self, learning, growing and improving. One of the mistakes we fear might just be the link to our greatest achievement yet !!" - Glen Rambharack
Tuesday, 28 May 2013
LSL Market Review 28 May 2013
Market closed in red for the second consecutive day as investors booked profits after recent gains. ASI lost 11.84 points and closed at 6,434.70 while S&P SL 20 Index lost 14.95 poits and closed at LKR 3,626.96. Price depreciation in index heavy stocks such as Bukith Darah by LKR 13.90, Carsons by LKR 2.50 and Commercial Bank by LKR 1.00 contributed negatively to the market performance.
Market turnover was LKR 553mn. Environmental Resources Investments with LKR 65.9mn, John Keells Holdings with LKR 61.3mn and Colombo Land & Development with LKR 42.5mn topped the turnover list today. No crossings were recorded during the day.
Heavy retail participation was seen in MTD Walkers and it ended as the mostly traded stock (up LKR 4.30, +16%). Further, Central Investment & Finance, Overseas Reality and Morisons non-voting were among the heavily traded stocks.
Cash map improved to 52.3% from the yesterday figure of 33.7%.
Foreign participation was 12.7% and at the end of the day foreign investor was net buyers with a net inflow of LKR 75mn.
Monday, 27 May 2013
Quote for the day
“Discipline is doing what you are supposed to do in the best possible manner at the time you are supposed to do it.” - Mike Krzyzewski
LSL Market Review 27th May 2013
Colombo Stock Exchange market capitalization depreciated by 1% due to profit taking embarked by investors after a two-day consecutive growth. ASI dropped by 42.31 index points (0.65%) to close at 6,446.54 and S&P SL 20 Index lost 24.13 points to close at 3,641.91. Price depreciation in index heavy counters such as Dialog Axiata by LKR 0.40, Nestle by LKR 21.50 and John Keells Holdings by LKR 4.80 contributed negatively to the market performances.
Market turnover was LKR 697mn. John Keells Holdings with LKR 92.9mn, Environmental Resources Investments with 75.1mn and Overseas Reality with LKR 63.9mn were the top contributors to the market turnover.
Investor interest was rally around Laugfs Gas voting and non-voting shares amid the expected dividend which the company may pay out according to the company’s dividend history. Further Overseas Reality, Chevron Lubricants and Ceylinco Seylan Development were among heavily traded stocks during the day.
Foreign participation was relative low and it calculated for 14.8% of the total market activity. However at the end of the day foreign investors were net buyers with net inflow of LKR 113mn. Cash map closed at 34%, the lowest recorded during last five trading days.
Saturday, 25 May 2013
Success Formula: E+R=O
I came across this formula in Jack Canfield’s “The Success Principles“.
Events + Response = Outcome or in short, E + R = O.
I find it very apt in all situations, even in the field of investment.
E (Events) + R (Response) = O (Outcome)
E – Events are things that happened which you have no control
R – Response is how you react to the events
O – Outcome of the events with your reactions
So how can this be applied to your life, especially in the context of money? Here are some of the examples:
On Retirement at Old age:
E – Retirement
R – Save
O – Enough money for retirement
as compared to
E – Retirement
R – No plans, no savings
O – Rely on others for retirement
On Insurance Planning:
E – Death
R – Bought life insurance
O – Beneficiaries have enough money to live after the breadwinner dies
as compared to
E – Death
R – Did not buy any insurance
O – Beneficiaries have to worry and work for money for the rest of their lives
On Financial Crisis:
E – Financial Crisis
R – Practise sound and disciplined investment principles
O – Survive the crash
as compared to
E – Financial Crisis
R – No knowledge on investing
O – Lose most of your capital
On Investing:
E – Value stocks appear after the crash
R – Knows how to select good value stocks
O – Enjoy the profits
as compared to
E – Value stocks appear after the crash
R – Cautious since economy has yet to recover
O – Misses the boat while others’ make profits
From the examples above, you can notice that the events do not change. But the responses will always change the outcomes. Events are situations that you cannot change or direct. They can happen expectedly or randomly. Instead of worrying about the events, you should focus on what is your response. Because it is your response that will create a different outcome. That is the only part of the equation you have control of. Most people give up this control, because it takes much more effort to take actions than hoping the events will turn better.
DO SOMETHING about your situation/event TODAY.
Source: http://www.bigfatpurse.com
I find it very apt in all situations, even in the field of investment.
E (Events) + R (Response) = O (Outcome)
E – Events are things that happened which you have no control
R – Response is how you react to the events
O – Outcome of the events with your reactions
So how can this be applied to your life, especially in the context of money? Here are some of the examples:
On Retirement at Old age:
E – Retirement
R – Save
O – Enough money for retirement
as compared to
E – Retirement
R – No plans, no savings
O – Rely on others for retirement
On Insurance Planning:
E – Death
R – Bought life insurance
O – Beneficiaries have enough money to live after the breadwinner dies
as compared to
E – Death
R – Did not buy any insurance
O – Beneficiaries have to worry and work for money for the rest of their lives
On Financial Crisis:
E – Financial Crisis
R – Practise sound and disciplined investment principles
O – Survive the crash
as compared to
E – Financial Crisis
R – No knowledge on investing
O – Lose most of your capital
On Investing:
E – Value stocks appear after the crash
R – Knows how to select good value stocks
O – Enjoy the profits
as compared to
E – Value stocks appear after the crash
R – Cautious since economy has yet to recover
O – Misses the boat while others’ make profits
From the examples above, you can notice that the events do not change. But the responses will always change the outcomes. Events are situations that you cannot change or direct. They can happen expectedly or randomly. Instead of worrying about the events, you should focus on what is your response. Because it is your response that will create a different outcome. That is the only part of the equation you have control of. Most people give up this control, because it takes much more effort to take actions than hoping the events will turn better.
DO SOMETHING about your situation/event TODAY.
Source: http://www.bigfatpurse.com
Thursday, 23 May 2013
Quote for the day
“Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you catch on early, before others believe, you might have valuable “surprise-a-mentals.”- Ed Seykota
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