PlsGiveBonus

PlsGiveBonus | Joined since 2015-12-09

Investing Experience -
Risk Profile -

Followers

0

Following

0

Blog Posts

0

Threads

3,749

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
3,749
Past 30 days
0
Past 7 days
0
Today
0

User Comments
Stock

2018-02-02 20:13 | Report Abuse

Look like gov give up shorting for now.
Time to buy bitcoin at deep discount.
;)

Stock

2018-02-02 19:58 | Report Abuse

Very good now gov want to short bitcoin until 0, let crash the market together, all the world must burn together.
:)

Stock

2018-02-01 20:05 | Report Abuse

Short until 0 and everyone getting forced sell, and company get delisted, this is what bursa has done in the past to shareholder.
Short selling is a long term play, naked shorting, and it is only getting better since it has no expiry date, the shark with 101% more money than you can take all the profit, this is how to abuse the system to the max. I will ask my friend George Soros to short the bursa to the ground. You all can wait to sell underwear.

Stock

2018-01-31 19:32 | Report Abuse

If you want to refinance share market, your banker will tell you to gtfo, but if you want to refinance property, your banker will welcome you with open arm.
:)

Stock

2018-01-31 00:42 | Report Abuse

Short Selling Runs Rampant

Short selling is believed (or so “they” say) to be a necessary part of the market, providing balance and efficiency.

While this may be true in some instances, especially with the advent of high frequency trading and ETF’s, the basic idea of short selling is completely absurd.

As I mentioned in a previous Letter:

“Short selling is simply selling stock you don’t have.

You borrow stock from someone (who likely doesn’t know you’re borrowing it), sell it, and hope that the stock goes down so you can buy it back at a cheaper price.”

To put that into context, it’s like saying:

You go away for vacation.

While you’re away, a stranger rents your house out on Airbnb without your knowledge.

You come home only to find your house is trashed – and now worth less than it was before.

You lose money on your house, but the stranger legally made money renting your house out.

It’s no secret that short selling can and often does hurt companies. While short selling can provide efficiencies in the market and create more liquidity, Canada’s market doesn’t stand a chance.

This is because of yet another Canadian regulatory hurdle.

This regulatory hurdle has caused short selling in Canada to run rampant – especially on Canada’s small cap exchange, the TSX Venture.

Just how much has short selling grown?

According to IIROC, short sales as a percentage of trades on the TSX Venture from Jan 2009-April 2010 averaged 4.39%.

But then, in the January 21, 2013 Short Sale Report, short sales as a percentage of trades on the TSX Venture averaged 6.89% for the two weeks prior.

Two years later, in the January 1, 2015 Short Sales Report, short sales as a percentage of trades on the TSX Venture averaged 7.90%.

In the most recent Short Sale Report, short sales on the TSX Venture averaged 8.57% – nearly double the average in 2009.

But why and how has short selling doubled? And what is the regulatory hurdle that may have caused this?

News & Blogs

2018-01-30 23:54 | Report Abuse

What you can do to beat the bankster?
1. Apply as many credit card as possible from any bank with unlimited credit limit
2. Swipe the credit card and buy as much crypto as possible until it is broken
3. Withdraw the crypto currency and keep it inside a safe private paper wallet.
4. Run to other country and wait for the market crash is over
5. Congrats you are officially multi-millionaires or may be billionaires now!!
6. May be you will become the top most wanted pursuit, but who care since you are now super rich, you can buy your way to become “clean” again

News & Blogs

2018-01-30 23:48 | Report Abuse

Fractional reserve banking is the banking system most countries use today.

It requires banks to hold only a fraction of the money their customers deposit. That amount is the reserve requirement, and in most countries it’s set by the central bank. Banks can loan the rest of their deposits to other customers, which serves to expand the economy.

It works like this:

Banks accept deposits from individuals and businesses, providing them with savings and checking accounts in return. Banks can loan out the bulk of those deposits to other customers to buy homes or cars, start businesses or to fund other projects.

If a customers deposits $100,000 into a bank, and the reserve requirement is 5%, the bank can loan $95,000 out to other customers.

Once the bank has loaned out $95,000, it in essence has created $195,000. Customers borrow that $95,000 and deposit some, or all, of it into other banks. If the reserve requirement is still 5%, then the other banks can loan $90,250 to new customers. And the process keeps repeating itself.

Financial crises occur when the fractional banking system breaks down and the money supply does not expand.

Many U.S. banks had to shut down during the Great Depression because so many people attempted to withdraw their money at the same time. Today, safeguards exist to prevent such an occurrence.

News & Blogs

2018-01-30 19:43 | Report Abuse

What you can do to beat the bankster?
1. Apply as many credit card as possible from any bank with unlimited credit limit
2. Swipe the credit card and buy as much crypto as possible until it is broken
3. Withdraw the crypto currency and keep it inside a safe private paper wallet.
4. Run to other country and wait for the market crash is over
5. Congrats you are officially multi-millionaires or may be billionaires now!!
6. May be you will become the top most wanted pursuit, but who care since you are now super rich, you can buy your way to become “clean” again

Stock

2018-01-30 19:26 | Report Abuse

I am waiting, waiting for the next dictator
Like sammy vellu like the thief in central bank like many many corrupted leaders in this country to use bitcoin to channel their ill gotten wealth. Now everyone can broke the bank, I will wait for the dictator to move first, we can then move together and destroy this bank, this economy together, I want to tell you, the money is belong to the citizen of the country, not the few people on the top, who abuse their position, and get the most wealth in the expense of the country.

Stock

2018-01-30 18:17 | Report Abuse

Most school and finance book do not teach you the secret to become wealthy.
:)

Stock

2018-01-30 18:11 | Report Abuse

This is your chance to become super rich, finally can retire and get out from the rat race. :)
The world most wealthiest people do not become rich by investing. They abuse the finance until they become rich, if you believe Warren Buffett become rich by being honest, you are fool.
:)

Stock

2018-01-30 18:05 | Report Abuse

Do not worry about the bitcoin can drop to zero
The highly corrupted politician/richest elite in the world is hoarding most of their wealth in bitcoin, eg some president or pm in some country. You can even assume the most corrupted bankster is buying bitcoin.
:)
They will never let bitcoin fail.

Stock

2018-01-30 17:57 | Report Abuse

Make sure you keep your crypto safe and sound
Some tips to keep crypto currency safe
1. Diversify your bitcoin into many wallets
2. Diversify your bitcoin into many altcoin, prefer eth, ltc neo and some of the top crypto so the value is preserved.
3. Do not keep your crypto into hardware wallet, because the safest and proven method is paper wallet, and yes hardware wallet are hacked, and hardware wallet steal your crypto too.
4. Keep it in cold wallet in some reputable exchange. Quantum resistance is preferred

Stock

2018-01-30 17:43 | Report Abuse

This is our chance to completely destroy the bank.
:)
If everyone with credit card swipe 1m worth of money, the bank can go broke very quickly.

This is also how the elite dictatorship destroy a country with money.

Stock

2018-01-30 17:32 | Report Abuse

What you can do to beat the bankster?
1. Apply as many credit card as possible from any bank with unlimited credit limit
2. Swipe the credit card and buy as much crypto as possible until it is broken
3. Withdraw the crypto currency and keep it inside a safe private paper wallet.
4. Run to other country and wait for the market crash is over
5. Congrats you are officially multi-millionaires or may be billionaires now!!
6. May be you will become the top most wanted pursuit, but who care since you are now super rich, you can buy your way to become “clean” again

Stock

2018-01-30 16:58 | Report Abuse

The second most powerful financial nuke is cash settlement, it basically bypass the need to borrow shares to short.
:)

The third nuke is fractional reserve banking, it offer you infinite amount of money to short.

Stock

2018-01-30 16:32 | Report Abuse

Someone dropped the nuke into the stock market.
Guess what happen?
The end of banking industry.
Dust also don’t have.
;)

Stock

2018-01-30 16:24 | Report Abuse

Cfd is the most advanced financial nuke made by the central bankster to control this world.
:)
All of you are just slave!

Stock

2018-01-30 16:16 | Report Abuse

I'm a control freak. I pursue income streams that offer the most control. The two types of income with the least control? A job and stocks. #richdad

Stock

2018-01-30 15:54 | Report Abuse

Investing = play poker game with bankster + hedge fund + ???

Bankster selling your trade data
Hedge use the data to play against you
You = dunno what happen

:)

Stock

2018-01-30 15:12 | Report Abuse

“Quant hedge funds are buying as much data as they can,” Aroomoogan says. Top banks like Goldman Sachs are hosting events for their clients to meet with data vendors because their customers want to know everything about the latest available data. Investment banks want their own quants to be on top of things, too.

The so-called “alternative data” market was worth about $200 million in the US last year and is expected to double in four years, according to research and consulting firm Tabb Group. In addition to public websites, hedge funds are collecting and crunching data generated by credit card transactions, satellite images of parking lots, and customers reviews.

The amount of stored electronic data is growing exponentially, but the trick is getting it into a useful state for algorithms to devise profitable trading strategies based on it. To this end, firms that specialize in refining the information (paywall) are springing up, providing actionable data for investors to shovel into their computers. Tammer Kamel, CEO of alternative-data platform Quandl, says companies unknowingly sit piles of profitable data of great interest to Wall Street.

Traditional banks and old-school buy-and-hold investors are using alternative data, too. Some of it is marketing hype—adding the words “artificial intelligence” or “big data” to any investment offering can lure some customers. But analytics can also save a traditional money manager time by sifting through news and data on their behalf.

Hedge funds need better marketing, as investors are increasingly skeptical of them charging a 2% management fee as well as a 20% performance fee for results that have been lackluster in recent years. Billionaire investor Warren Buffett expects to win a bet (for charity) that hedge funds would underperform the S&P 500 index over a 10-year period.

The enthusiasm for quant funds is encouraging for hedgies. Family offices that manage assets for the wealthy are backing away from hedge funds generally, but appear to be boosting their investments in quant funds.

Sadly for them, however, the scope for making money from these strategies could be fleeting. One way to maintain an edge is to get exclusive access to data so competitors can’t benefit from it, but the legalities quickly become murky (paywall).

In the meantime, sweeping up as much data as possible into high-powered machines running whizzy algorithms is an increasingly common practice among hedge funds. News and data companies like Bloomberg and Thomson Reuters now include alternative data in their offerings, and about 75% of hedge funds already use social media and social-driven news feeds to inform investing decisions, according to Greenwich. Alternative data, it seems, is fast becoming mainstream.

Stock

2018-01-30 15:11 | Report Abuse

Selling data to feed hedge fund computers is one of the hottest areas of finance right now

John Detrixhe
MOAR DATA
A robot is displayed at the Robotics Innovation Center booth during preparations at the CeBit computer fair, which will open its doors to the public on March 20, at the fairground in Hanover, Germany, March 19, 2017.
Market maker. (Reuters/Fabian Bimmer)
Kumesh Aroomoogan has come a long way from his days at Wall Street bank Citigroup, where his job was to stay on top of breaking news. He remembers getting yelled at by a trader because he stopped watching news feeds to go the bathroom and missed a market-moving headline. Now, he’s the co-founder and CEO of Accern, a company that automates his old job.

Tedious office roles are increasingly done by computers, freeing up workers to do things that are (hopefully) more useful. To some extent, even the trader who once yelled at Aroomoogan has been automated: One of the hottest areas of finance these days is quantitative investing, which uses artificial intelligence to sift through massive troves of data to identify signals that humans can’t see. Quant funds are Accern’s biggest customers.

Aroomoogan’s bathroom-break schedule is less fraught now, because instead of supplying a human trader with tips about breaking news, Accern’s technology sweeps up data from 300 million websites, 150 million Twitter feeds, as well as analyst presentations and FactSet reports for traders—either humans or algorithms—to analyze. It uses natural-language processing to find keywords like company names, and measures when a story is rising up the media food chain, such as from blogs to newswires, to indicate that it may be important enough to act on.

Stock

2018-01-30 14:56 | Report Abuse

If a customers deposits $100,000 into a bank, and the reserve requirement is 5%, the bank can loan $95,000 out to other customers.

Once the bank has loaned out $95,000, it in essence has created $195,000. Customers borrow that $95,000 and deposit some, or all, of it into other banks. If the reserve requirement is still 5%, then the other banks can loan $90,250 to new customers. And the process keeps repeating itself.

Stock

2018-01-30 14:17 | Report Abuse

In 2014, there are approximately 115 million households in the united states, with 43 million as renters, and 25 million are households or families who own their home, free and clear. Of the approximately 50 mil. households with mortgages, over 24 million are “underwater”, where they owe more on their home than it is worth.

Stock

2018-01-30 14:11 | Report Abuse

Today we live in the Information Age — and information is abundant and often free. Before the Civil War in Malaysia, it was against thee law in many states to teach slaves to Short selling KLCI. Knowledge is the most powerful force on early. Information x Education = Knowledge.

Stock

2018-01-30 13:59 | Report Abuse

In another book, he suggested it was easy to short HengYuan stocks with a margin account in which you had no money on deposit.

Stock

2018-01-30 13:56 | Report Abuse

CFD on major Malaysian shares are also available in Singapore. This allows investors here to actually short sell the share without owning it. While short selling is virtually impossible in Malaysia, investors can enter into Contracts for Difference with overseas brokers on Malaysian shares on the short side. The investors will get paid (in the case of a profitable trade) or pay (in the case of a loss) for the difference between the selling and buying back price of the share. In addition to trading commission, there is usually a finance charge for the number of days the contract is held running. Some brokers also impose a roll over charge if the contract period is extended. There are even brokers who offer investors interest credit for shorting the CFD. Nevertheless, this is not the case for Malaysian share CFD. Investors would in fact have to pay a higher finance charge for shorting the CFD due to the difficulty in borrowing the share.

Stock

2018-01-30 13:52 | Report Abuse

One of main reason CFDs are a popular product is its ability to perform short selling. This gives investors the opportunity to make a profit when markets are falling. Some long-term investors use this feature as a hedging tool to protect their profits. They establish an opposite position to what they already have on stocks to prevent any losses due to short-term down trend in markets.

Stock

2018-01-30 13:27 | Report Abuse

Stocks Give Us the Ability to Scale

There is a common misconception that you need a lot of money before you can begin to invest. Fortunately, investing in stocks allows almost anyone to begin their investing sooner rather than later.

Because buying stock is buying only a share of a company, buying stock is more affordable for the average person than buying an entire company or starting a business. But the beauty of this is that you can own exactly the same stocks as a famous investor like Warren Buffett. The difference is that, as a new investor, you’ll probably buy a smaller number of shares than Buffett. A company you want to invest in may be a multi-billion dollar enterprise, but you may be able to get a single share of its stock for just $25. The cost effectiveness of stock allows you to scale up into your investing as you gain the means to go bigger. For the average person, this is a faster way to invest than saving up for decades to purchase a franchise or some other business.

Stock

2018-01-30 13:22 | Report Abuse

There’s some irony to the liquidity of the stock market, because very few people actually take advantage of it. Many investors hold the same stocks and mutual funds year in and year out, and never think about selling a good stock for a better one or using any kind of exit strategy to maximize their profits. There is also a little hypocrisy here on the part of the big institutions that tell you to buy and hold. Stocks only fall when there are more sellers than buyers. While you are holding, the large institutions are often the ones selling!

Stock

2018-01-30 13:14 | Report Abuse

In another book, he suggested it was easy to short stocks with a margin account in which you had no money on deposit.

Stock

2018-01-30 13:04 | Report Abuse

Most personal finance gurus preach sacrifice. They’re scolds, suggesting readers give up pleasures small (lattes) and large (houses they can’t afford) in the interest of saving up money and, almost always, putting it in the stock market where it will grow automatically till the day they retire and actually need it.

Not Kiyosaki. He didn’t believe sacrifice would much help anyone, not in the age of inequality, which he talked about in a quite forthright way years before it was generally acknowledged in polite company. (“The rich are getting richer, and the poor are getting poorer”—Kiyosaki, on the Larry King Show, 2006.)
You need to think like a rich person—like the “rich dad” whom Kiyosaki claimed had mentored him. (“Poor dad” was Kiyosaki’s own father.) Cash flow, baby. Invest in multiple businesses and homes, preferably with someone else’s money. He claimed readers could find investments that “have returns of 100 percent to infinity. Investments that for $5,000 are soon turned into $1 million or more.” In another book, he suggested it was easy to short stocks with a margin account in which you had no money on deposit. (Would someone try this and write back? I’ll write a column about you, I swear.)

Stock

2018-01-30 12:51 | Report Abuse

Students & the new generation
The new generation is in college and trade school, and they cannot find jobs, or jobs that utilize their level of education.Many of these young people are boomerang kids, kids who leave home, only to return to live with mom and dad. This makes many moms and dads, the sandwich generation, people whoa re now caring for their kids and their parents.
The Great Depression and financial crisis
The Great Depression, when measured against the Dow, lasted 25 years, from 1929 to 1954. In 1929 the Dow hit an all-time high of 381. It took 25 years for it to reach 381 again.
America is attempting to print its way out of the financial crisis.
In 1971 President Nixon took the dollar off the gold standard. The poor lost because the money they worked for became worth less and less. When they earned more money, they paid higher taxes.
As the money they work for loses value, prices keep going up. The harder the poor work, the further they fall behind.
Unfortunately, even if the minimum wage is increased, the poor will continue to be poor because they work for money that is no longer money.
Mind Mapping, as a method of learning
Mind Mapping uses color and sketches, rather than words to organize and prioritize thoughts. Using very few words forces the participant to put words and thoughts into pictures, which intensifies the learning and discussion process.
Education
John Taylor Gotto — Dumbing Us Down
In 1903 John D. Rockefeller created the General Education Board. Around the same time another of the Robber barons, Andrew Carnegie, promoted his foundation for the Advancement of Teaching, to influence the American education agenda, directing what children were taught in school.
G. Edward Griffin — The Creature from Jekyll Island
The concept of the U.S. Federal Reserve Bank was created in secrecy on Jekyll Island, Georgia.
(NPR also had a fantastic episode of Planet Money on the subject).
Let me issue and control a nation’s money and I care not who writes the rules — Amschel Rothschild
A coin has three sides: Heads, talks, and the edge. Intelligent people stay on the edge and look at both sides.

Stock

2018-01-30 12:50 | Report Abuse

Today we live in the Information Age — and information is abundant and often free. Before the Civil War in America, it was against thee law in many states to teach slaves to read and write. Knowledge is the most powerful force on early. Information x Education = Knowledge.
Money
Wealth is stolen via our money:
Taxes
The value of your labor is stolen via taxes
Inflation
Prices rise when governments print money. As prices rise, people work harder, only to pay more in taxes and inflation.
Inflation is good for debtors and bad for savers, which is why savers are losers.
The fractional reserve system is used by banks. A saver puts $1 in the bank under their savings account. The bank is allowed to lend $10, against the $1 to borrowers. This is another form of “printing money” which is not only inflationary, but also reduces the purchasing power of the saver’s money. This is often why you hear “savers are losers.” Make your money work for you.
If the government is promising to save you, you’ve probably already lost. (In terms of social security, healthcare, and new spending agreements)
When money is printed — by banks or governments — two things happen: inflation kicks in and taxes go up.
There are two types of rich: One type is people with high-paying jobs, such as corporate executives, professionals, and celebrities. They are high income rich. The other type of rich is the person who deos not need a job — most of these people are asset rich.
In 2014, there are approximately 115 million households in the united states, with 43 million as renters, and 25 million are households or families who own their home, free and clear. Of the approximately 50 mil. households with mortgages, over 24 million are “underwater”, where they owe more on their home than it is worth.
In the world of retirement funds, there are two basic types:
DB — Defiend Benefit Plan
Retiree is guaranteed a paycheck for life
DC — Defined Contribution Plan
Retiree receives only what he or she and their company “contributed” while the worker was employed. ex: 401k, IRA,

Stock

2018-01-30 12:38 | Report Abuse

Fractional reserve banking is the banking system most countries use today.

It requires banks to hold only a fraction of the money their customers deposit. That amount is the reserve requirement, and in most countries it’s set by the central bank. Banks can loan the rest of their deposits to other customers, which serves to expand the economy.

It works like this:

Banks accept deposits from individuals and businesses, providing them with savings and checking accounts in return. Banks can loan out the bulk of those deposits to other customers to buy homes or cars, start businesses or to fund other projects.

If a customers deposits $100,000 into a bank, and the reserve requirement is 5%, the bank can loan $95,000 out to other customers.

Once the bank has loaned out $95,000, it in essence has created $195,000. Customers borrow that $95,000 and deposit some, or all, of it into other banks. If the reserve requirement is still 5%, then the other banks can loan $90,250 to new customers. And the process keeps repeating itself.

Financial crises occur when the fractional banking system breaks down and the money supply does not expand.

Many U.S. banks had to shut down during the Great Depression because so many people attempted to withdraw their money at the same time. Today, safeguards exist to prevent such an occurrence.

Stock

2018-01-30 08:20 | Report Abuse

Bursa is so full of spoofing/insider trading/arbitrage/cheating/HFT/xxx but the regulators in bursa just close one eye only. And they may be allowed to legally use it.
:)

Stock

2018-01-30 08:12 | Report Abuse

High-Frequency Trading (HFT) is capable of the same types of manipulation that have always been possible in markets. In the US, most of them were banned by the regulators in the 1930s.

Backing Away - A firm puts out a large order in order to make others think that there is a lot of buying pressure (or selling pressure) in the market. The idea is to get others to bid up the stock so that you can sell your shares at a higher price. Sounds like a lot of risk for a little reward, right? Here’s the fraudulent catch: If someone actually tries to sell to you, you “back away” and refuse to buy the shares from them.

Trading Ahead - When you’re trying to make a fraction of a penny per share (which is what many HFTs average in the stock market), you want to be at the front of the line. There may only be 20,000 shares sold at $30.02, so if you’re not in the first 20,000 shares you won’t get that good price, and at $30.03 you’ve already lost more than that fraction of a cent of profit. An HFT may try to “cut” in line in order to get that extra penny.

Front-Running - If you know somebody is buying up a stock aggressively, you can make reliable money by buying first then selling to them at a higher price. Because stocks trade on many different exchanges, you might buy on one exchange because you know somebody is buying up shares on a different exchange. This legitimate version is called latency arbitrage, but an HFT could overstep and steal the prices that someone else’s orders rightfully deserved.

Free Riding - Most banned activities involve techniques brokers would use to steal their clients’ money, but they have analogues in non-broker activity. When a stock first opens on the market it often immediately trades above the price it was issued at, and Free Riding brokers would keep the originally issued shares for themselves (at cheap prices). Some argue that HFTs’ use of Flash Orders (which are largely discontinued) allowed them to see orders before the ordinary public, enabling a contemporary version of Free Riding.

Painting the Tape - Traders (or more likely brokers using client funds) can buy and sell lots of shares to create the false appearance of big action in a particular issue. This may drive interest from other market participants and allow the trader(s) to ride the wave of this faked-up interest. HFTs might do something related called Quote Stuffing, which means placing and cancelling massive numbers of orders in order to slow down other people’s systems, allowing the HFT a massive time advantage over others in competition for the best execution prices.

Insider Trading - An insider with information that could move stock prices is not allowed to trade on that information until it is released to the public. Inside information might try to circumvent this requirement using HFT speed: the moment the information is public, your supercomputers take every share available on the market. It is sometimes argued that this happens with everything from government-released economic data to drug test results and buyout offers.

Note: I do not do HFT but I am a professional stock trader with a focused interest in “market microstructure,” which you might think of as the nuances of placing and executing orders. In my own trading I have not found the prevalence of fraudulent behavior to be notably greater today than it was under the Specialist regime that preceded HFT. Every age has its tools.

Stock

2018-01-29 22:28 | Report Abuse

Jacob Rothschild tell you to sell USD
He think the doomsday is near.

Stock

2018-01-29 16:47 | Report Abuse

Jacob Rothschild just short selling Asian market.
:)

Stock

2018-01-29 15:32 | Report Abuse

Jacob Rothschild is world's first trillionaire he can play with you until your country become like desert.
:)

Stock

2018-01-29 15:29 | Report Abuse

Jacob Rothschild short selling USD, HY...
You got more money than Jacob Rothschild?

Stock

2018-01-29 14:05 | Report Abuse

So where did all the M0 money go if it wasn't multiplied through the credit system? The answer is that banks and financial institutions hoarded the money in order to shore up their own balance sheets and regain profitability. Banks still had bad loans and toxic assets on their balance sheets as a result of the housing bubble burst and its aftershocks. The extra cash on hand made their financial picture look a whole lot better. As the economy has recovered and the fed has begun tapering its interventions, the money being held by banks is being returned to the Fed slowly in the form of interest payments on the debts purchased during QE. Meanwhile, the U.S. economy on the whole has remained productive and growing.

Stock

2018-01-29 12:58 | Report Abuse

He added that many risks remain in the marketplace including the geopolitical situation in UK post-Brexit, the U.S. presidential election, slow growth in China, and unrest in the Middle East. These factors should continue to bode well for safe-haven assets such as gold.

Rothschild also said he even prefers the yellow metal over its main rival: the U.S. dollar

“Our significant US Dollar position has now been somewhat reduced as, following the Dollar’s rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields.”

Based on the company’s latest financial report, RIT Capital Partners held £22.9 million in the Blackrock Gold & General Fund and £7.6 million in gold futures as of June 30, 2016. The financial statement also shows £1.5 million holdings in silver futures. The net assets now amount to £2.6 billion, which Rothschild noted was a “new all-time high” for the firm.

“The outcome of our efforts over a difficult period has been for your Company’s net asset value at the end of June to have increased by 3.6% (including dividends) to 1,613 pence per share,” Rothschild said.

Stock

2018-01-29 12:56 | Report Abuse

As central bankers continue their “greatest experiment in monetary policy in history,” it is important for investors to focus on preserving wealth, this according to one member of the Rothschild banking family.

One way to do that is with gold, noted Jacob Rothschild, chairman of London-based RIT Capital Partners, in a letter to shareholders Monday.

“In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company’s assets,” he wrote. As such, the firm has reduced its exposure in equities and the Pound Sterling to 44% and 25%, respectively.

At the same time, Rothschild said they increased exposure in gold and precious metals by 8% by the end of June.

“We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale,” he wrote. “Nearly all classes of investment have been boosted by the rising monetary tide. Meanwhile, growth remains anaemic, with weak demand and deflation in many parts of the developed world.”

Stock

2018-01-28 22:19 | Report Abuse

US gov also shut down already
When central bank want to shut down too?

Stock

2018-01-28 22:16 | Report Abuse

During the great financial crisis of 2008, derivatives played a starring role, and U.S. taxpayers were forced to step in and bail out companies such as AIG that were on the verge of collapse because the risks that they took were just too great.

But now it is happening again, and nobody is really talking very much about it. In a desperate search for higher profits, all of the “too big to fail” banks are gambling like crazy, and at some point a lot of these bets are going to go really bad. The following numbers regarding exposure to derivatives contracts come directly from the OCC’s most recent quarterly report (see Table 2), and as you can see the level of recklessness that we are currently witnessing is more than just a little bit alarming…

Stock

2018-01-28 22:13 | Report Abuse

Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today is created by banks, whilst just 3% is created by the government. This short video explains:

Stock

2018-01-28 22:05 | Report Abuse

According to financial expert Jim Rickards, Buffett’s Berkshire Hathaway Inc. is hoarding 86 billion dollars in cash because he is likely anticipating a major stock market downturn…

Far from a bullish sign, Buffett’s cash hoard could mean he’s preparing for a market crash. When the crash comes, Buffett can walk through the wreckage with his checkbook open and buy great companies for a fraction of their current value.



That’s the real Buffett style, but you won’t hear that from your broker or wealth manager. If Buffett has a huge cash allocation, shouldn’t you?



He knows what’s coming. Now you do too.

Warren Buffett didn’t become one of the wealthiest men in the entire world by being stupid. He knows that stocks are ridiculously overvalued at this point, and he is poised to make his move after the pendulum swings in the other direction.

Stock

2018-01-27 17:26 | Report Abuse

HY can pay taxes it is inevitable truth!
More taxes more good, many company in bursa like BAT also pay taxes until scare.
This HY want to challenge how capable they are in paying taxes. Very brave little company.

Stock

2018-01-27 17:22 | Report Abuse

Yeah, no problem more money more taxes, HY just got a new loan and BNM announced and impose higher interest rate, it is such a coincidence! Interesting!
HY may need to revise their strategy immediately!