An Introduction by Soo Weely
<<Weely: I’ve learnt that in every language, “money talks”.
Soo: Yeah, it says… Good bye. Adios. Sayonara. Auf Wiedersehen. Zai Jian.>>
My name is Weely. I am made in Singapore in 1979, single and unavailable. I am an ‘A’ level graduate* and a first year dropout from University of London, Accounting and Finance.
I was a law enforcer for a few years and made my exit with a ‘Good Service Medal’; metamorphosis into an Independent Financial Advisor for a short stint. I am passionate in financial market and it drives me to seek and to know more so that I can be better for myself and clients financially.
To be honest, the markets did not reward me or my clients with consistent profits all the time. The recent sub-prime issues charged like a series of tidal waves and caught many people off-guard. In the wake of this, the convention ‘buy and long’ strategy seems not to work well, especially for those who have invested recently. How many years away are we from the ‘dot.com’ bubbles and how long must we wait to break even? Are there any other strategies or financial planning which we can adopt?
Most people, including myself, fear loss and confidence with ignorance in the financial market is suicidal! (Which makes education very important!). For example, Faith may says ‘I am a high risk taker and I decided to invest China Funds (Mutual Funds or Unit Trusts commonly known in Singapore) from XYZ company (as annualized returns is about 40%+) since it has potential to give higher returns in terms of risks. (But Past performance is not an indicative of Future Performance) However, she may reject buying futures and saying it’s riskier. Is Faith a high risk taker because she bought a single country mutual fund or is she a low risk taker as she is reluctant to buy futures? Is she a trader or investor?
If a Financial Advisor recommends her to buy when price is high in order to generate an income for himself and then there is a correction, let’s say 20% down or even 50%, should Faith stays invested? Would she pull out of her investment or stay invested? Or is there a ‘Cut loss’ strategy? Is she a savvy investor or do you think she needs another financial advisor? Would she blame the advisor? Who should be more concern about the investment or trade? Is it the client or the advisor?
Were you in a similar predicament before? Does it ring a bell?
The definition of high-risk taker in the above instance was blurred. All the needs analysis before investment became irrelevant as the risks is reactive and not passive.
Ultimately, we want gains but the questions are: how much is enough, how long do I have to wait, how much loss/risk must I be subjected to in order to achieve the adjusted risk free returns. The list goes on. Are we willing to undertake what is necessary for that extra ‘ounce’ of gold?
In a turbulent market, or more specifically, a downward spiraling one, are we all succumb to losses and resigned. Isn’t there a way to gain in the market? I seek for the answer and by seeking; I would be probably be nearer and even more gratifying if I could uncover the prize. If I stopped, I will be stagnated. Worst when I lost faith in it, a bad workman blames his tools. Time and tide waits for no man.
Since young, I am fascinated by the stock markets. The stock markets in movies and TV series has always mesmerized me, although there was a dark side attached to it.
It was until recently, that I can realize my dreams to venture into *stock markets*, or financial markets. Besides stocks, there are Indices, CFDs, Futures, Mutual Funds and Currencies, Properties, Fixed Income Securities such as bonds and etc…
It is never easy to master the arenas as mentioned. It is hard to find someone whom I can trust and get *worthy tips*. If it would make money, probably I won’t be the first to know. If it makes money, why would others share with me? If someone really makes big bucks, why does he want me to engage his services or buy his products? Is he a scam or a Hoax? Does Long Term Capital Strategy always work? Buy low, Sell High. If it’s that easy, there will be more millionaires and lesser coffins. And so on…
Thus, I decided that people needs to be educated on these financial instruments provided that they are interested enough. You can lead a horse to the water, but you can’t force it to drink. My purpose is to offer a more wholesome, if not, complete view of ideas. By discussing with people, we can see things from different perspectives. A picture tells a thousand words. Some people will say, its dangerous to dabble with such things, there will be huge loss. ‘Dangerous’ is relative, nothing venture nothing gain. Eating can be dangerous also. A person can get choked on eating. Going to war is ‘Dangerous’ also but to defend the country, against life and death, the latter is more meaningful.
There are similarities and differences in trading and investing and knowledge is extremely vital also. What I have mentioned is in reality, tip of the iceberg, most traders/investors will agree with me. Whatever the intentions (fun, financial freedom, survival in the case of traders), we seek for a better returns so that quality of life can be improved.
I am not a good salesman; I am more of an ‘educator’, someone who shares opinions with my clients though I may offer some suggestions. I may sound like a hypocrite but I believe many of my clients can vouch for my sincerity. As such, I felt I can relate to more people through a forum and blog. At the same time, I can *meet* people who share the same interest as me across the world in www.MarketAsiaHub.com. I would be thrilled to received advice from the experienced and experts in the forum.
Education is a means but not an end to achieve what the heart desires, somehow. It’s a journey like life itself. At MarketAsiaHub, we hope to embark on a discovering journey with you. ^_^
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