Investing & Trading
Stephen Hung has been a name synonym with luxury, at least in Macau (Macao). His fame spiked – temporarily – when he ordered a mind-boggling 30 Rolls-Royce for Louis XIII, which was later renamed as “The 13”. That was 3 years ago and since then his luck and fortune has taken a plunge for the […]
... written on Sep 11 2017The real-estate isn’t any fancy condominium, let alone landed property worth millions. But it’s Hong Kong, the land where its real estate assets are more expensive than gold. With odds at more than 300 to 1, it didn’t stop some 1,300 home seekers from trying their luck. A long line of potential buyers started to […]
... written on Sep 06 2017Throughout the first 10 months of fiscal 2017 (Oct 2016 to July 2017), the U.S. federal government collected record amounts of taxes – both individual income taxes and payroll taxes – to the tune of US$2.288 trillion. They collected US$1,312,691,000,000 in individual income taxes and US$976,278,000,000 in Social Security and other payroll taxes. However, […]
... written on Aug 16 2017After launching MRT (Mass Rapid Transit) and bragged that the train system was a gift to the people of Malaysia, as if he paid the RM50 billion project from his own pocket and people could use it for free, Prime Minister Najib Razak launched another mega project – RM55 billion ECRL (East Coast Rail Link) […]
... written on Aug 11 2017Once upon a time, before the invention of smart phones and tablets and electronic games, Monopoly was one of the best games – ever. Perhaps it was the only game to educate kids (and even adults) about financial freedom and savvy investment. The ultimate objective is to become the richest player – by owning as […]
... written on Aug 08 2017American consumers have gotten themselves into a bigger and scarier financial trouble than before. They’ve just created a new record – highest credit card debt in the history of the United States. A report by the Federal Reserve on Monday confirmed that Americans had accumulated US$1.021 trillion in outstanding credit card debt in June 2017. […]
... written on Aug 08 2017U.S. stock markets have gone bonkers. The Dow Jones Industrial Average ended at its 8th straight record high on Friday. The DJIA is now at record high – above 22,000 – and already people are talking and singing about 23,000, and beyond, as if the musical chairs game will never stop. It will stop eventually, […]
... written on Aug 07 2017Penny’s watch from the classic 1980s cartoon Inspector Gadget is still miles smarter and capable than Apple’s so-called smartwatch. Besides making voice call, the smartwatch from the 1983 could make video calls, has laser beam to cut metals, flashlight feature, ability to detect radioactive and even extremely powerful magnetic feature. It appears Apple is […]
... written on Aug 06 2017China’s highly secretive 19th National Congress has begun. The Middle Kingdom might be a one-party system ruled by the Chinese Communist Party. But that doesn’t mean there isn’t any political power struggle within the powerful Chinese party. Nobody knows for sure who gets promoted and who doesn’t. The process of leadership change in China is […]
... written on Aug 04 2017This country is so screwed up that it couldn’t even pay US$600 million of debt to IPIC (International Petroleum Investment Company), Abu Dhabi’s US$80 billion sovereign-wealth fund. After the deadline on Tuesday, IPIC has given 1MDB (1Malaysia Development Berhad), a fund set up by Prime Minister Najib Razak himself in 2009, five more days to make […]
... written on Aug 02 2017
