Google

Investing is an art and highly emotional and subjective.

When buying stocks, if your buying decisions are based on"insiders' information or rumours" and not sound analysis, then you are gambling. Many investors enter the market when stocks prices are high (lacking of confidence to enter beforehand when prices were low). Once the stocks market crash, they tend to sell out their shares out of fear and pessimism, swearing to "chop off their fingers" and never enter the stocks market again. If such situation happens, all their previous gains may be wiped out and suffered a loss.

Investing is an art and highly emotional and subjective. Subjectivity is largely controlled by our emotions. There are times when we are optimistic or pessimistic. If we are unable to control our emotional weakness, we are unlikely to become successful investors.

To be successful, you must first understand yourself, in particular your emotions and the degree of pressure you can tolerate.

The investors should also analyse the country's economic prospects together with the earnings outlook of the major listed companies.

It is imperative that you like Mathematics as the sound mathematical knowledge plays a key role in investment.


财富為了实现梦想;而非梦想拥有财富 .
美元对亚洲货币走势图


Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com

Tuesday, May 11, 2010

王冠一:再坐一会, 等捡平货

欧盟与国基会向希腊提供的1100亿欧元紧急贷款,虽可确保希腊5月19日到期的85亿欧元债务如期偿付,避免出现违约,但未能释除市场对欧债危机蔓延的忧虑,加上美国未知是否要为本周拍卖的780亿长债造势,三大打手未肯轻易罢休,上周轮到穆迪放箭,把葡萄牙的主权评级列入负面观察名单,环球股市亦再一次遭受重创。

市场对评级机构不再信任,连全球最大债商PIMCO的掌舵人格罗斯亦质疑这些弓箭手的存在价值,但现时最能反映欧债危机发展的信贷违约掉期,欧猪五国当中最高危的希腊、葡萄牙和西班牙,保险成本仍不断创新高,已显示局势越来越严峻,欧美股市亦反扑乏力。


周四出现的「肥手指」事件,据云是花旗银行有交易员落错盘,把落盘单位由百万(million)变成十亿(billion),但却是疑点重重,一来键盘中英文字母的m和b中间仍隔有一个n按钮,超肥手指亦不可能按错隔隔离,二来银行必然有风险管理,数额相距如此大,落盘交易员不可能拥有如此大交易额度,故冠一相信若非电脑程式因病毒而出错,刻意造市会是唯一解释理由。

无论如何,冠一近期不断建议大家要趁高减持,上周亦称美股升势勉强,美企首季业绩期又近尾声,无形之手要强行托高股市,恐怕会力不从心,大字标题指五月市况凶险,劝喻大家切不可冒进,算是及时作出提点,希望能帮助大家趋吉避凶。

美国经济续有起色,近期公布的数据表现普遍理想,上月创造了29万新职位,之前两月的非农职位亦向上修订,但由於经济转佳,不少已放弃搵工的失业者重投劳动市场,以致失业率不跌反升。由时全球经济一体化,希腊债务危机的火头越烧越旺,烈火已烧遍欧洲,并向全世界蔓延,美国经济有起色,亦瑜不掩瑕,难以带动环球股市续展升浪。

投资市场有「五月沽货离场」(Sell in May and walk away) 的传统智慧,看来今年会再一次应验。上周美股三大指数跌幅介乎5%至8%,是歷来表现最劣的5月首周,三大指数经歷上周的小股灾后,今年亦已尽数录得跌幅。纵使欧洲各国知道形势严峻,急於扑火,德国下议院亦已通过向希腊拨款224亿欧元,但市场人心虚怯,欧债危机亦非一时三刻能够解决,故股市仍会继续寻底,美股将会再考验1万点关口,港股亦有下破万九点之险。要趁低吸纳毋须心急,不妨多坐一会,耐心等候执平货的机会。

No comments:

Post a Comment