www.masteryourfinance.com FORUM

Article from Singapore Law Watch
Source: http://www.singaporelawwatch.sg/slw/hea ... -jail.html

Above article quoted the source as Business Times, 10 Jun 2014

Thanks Candy! Here's my 2 cts: This is somewhat similar to trading CFDs (since it is a derivative of the original public-listed stock) but yet unable to enjoy leverage. Risk/disadvantage: The ability to transact (buy/sell) and the transaction price depends on the platform and the broker. For investo...

Hi ivanljq, Just to share the path I took: 1) pay off education loans, if any 2a) get some protection (insurance) 2b) build up emergency fund (eg. amount of at least 6 months gross salary) 2c) build up education fund (eg. 5-10% of salary, meant for attending courses, buying books, etc) 3) build up i...

As a very rough guide, once AUD/USD drops below 1.0000, I will take notice and look for opportunities to BUY this currency pair. Putting on Fundamentals thinking hat, USA having financial trouble and keep printing money, generating a lot of debt. AUD has natural resources and agriculture. So my bias...

Just to add my 2 cts. Based on my understanding, Index itself not tradable. Therefore, some financial institutions have come up with ETF which tracks the underlying index as closely as possible. Some brokerages (eg. CMC) also come up with CFD which tracks the price of underlying index. ETF is like a...

Just to digress a little bit ... Most Singaporeans would presumably be using the CPF contributions from our monthly salary to pay housing loans. However, CPF contribution rates will reduce once we cross age 50. http://mycpf.cpf.gov.sg/Employers/Gen-Info/cpf-Contri/ContriRa.htm (those who had not att...

Yes, I believe it is Dennis' long-standing wish that we (his graduates) can go on to help others. In effect, he already started the Pay It Forward concept long time ago, though he may not have used the term until recently. I also believe that within this circle of graduates, and through platforms li...

Agree with Brenden (bemoneysavvy). Getting Enhanced Eldershield has its merits, rather than getting just the basic Eldershield or opting out. Premiums for Enhanced Eldershield can be paid thru Medisave, up to certain cap. I see good wisdom in this, because Medisave money is very finite and one way t...

Good sharing by Serene! I also like UOB One Card. Useful for big-ticket items that can be put on instalment by merchant. Because the monthly instalments count towards the monthly spend. Once I have run up $300 for that month, I will usually delay all big purchases. This has actually helped me to con...

Yes, that quota is a real gem. I have also shared with my trading/investing friends that: " Most people will need a couple of years to acquire a skill or certification and be good at what they do (eg. culinary, graphic design, learning kungfu, study for Degree, etc). But when it comes to tradin...

3. Gratitude is a powerful attitude. It helps to divert our minds away from negativity and instead focus on the good things we already have. It also helps release us from the grip of anger and resentment. Gratitude is about being thankful for the half-full portion, instead of upset about the half-em...

hi friend I also attended the seminar last weekend under sponsorship with a pinch of salt after reading fellow "positive" comments. Here is what I learnt. Speaker Patrick Liew is the CEO of HSR Global Ltd. He is a good speaker and can bring listener to him. However he jokes more than talk...

Thanks for all the sharing. This has become a mini-guide to "Hidden risks to CFD trading" ... hahaha. The story about the lady who put her life savings into her CFD account merely underscores the value of financial literacy, which is simply priceless. Education gives the highest leverage. ...

What is counter-party risk? If I bought a spa package and the shop closes down, I can neither enjoy its services nor get back my money. If I buy a bread toaster and the company goes bankrupt, what good is the lifetime warranty? If I bought gold from a company who promises to buy back at certain time...

If your forex account has the pair USD/SGD, it is possible to short it! The link below is the chart of USD against SGD. It is a classic downtrend. http://sg.finance.yahoo.com/echarts?s=USDSGD=X#symbol=;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=; ...