Friday, June 13, 2008
Preparing to buy
The market correction which started last week continue. The global market looks better than the local market here. Vitnam is crashing. China and India are still the weakest. Taiwan is not as hot as expected...
But, what really went wrong was -- the market alert neither come from my IFA nor my investment consultant in bank. For better investment, this is a problem I need to address.
Recently, I bought a second flat. As I need cash to pay 30% of the price, I need to sell some of my investment. I took profit in those "weak" markets which I already got huge profit from previous years appreciation.
My shopping list:
Minning
New Energy
Technology
Real Asset /Commodity
China
But, what really went wrong was -- the market alert neither come from my IFA nor my investment consultant in bank. For better investment, this is a problem I need to address.
Recently, I bought a second flat. As I need cash to pay 30% of the price, I need to sell some of my investment. I took profit in those "weak" markets which I already got huge profit from previous years appreciation.
My shopping list:
Minning
New Energy
Technology
Real Asset /Commodity
China
Friday, June 06, 2008
Global Growth Estimates
Thursday, June 05, 2008
VIX is now at 50 days MA line
Monday, June 02, 2008
Recent moves
Negative on India Funds and China Funds
Trends I see :
1. A lot of analysts have positive view on India and China, but market didn't agree that in the past months. May be the analysts are wrong.
2. Fund flow out from India and Korea; first time since 2002.
3. Emerging markets go up because of rapid growth and government deregulation on business. There are reverse trends in China. The telecom reform confirms my view. I see it as a very negative factor.
4. Of the 4 countries in BRIC, only Russia and Brazil remain positive. But, I am expecting a local peak for commodities. I hope I won't underestimate the selling pressure.
5. The technology sector is recovering. Will this be the next trend ?
Things I did:
Sold some minning fund (profit taking)
Sold all ASEAN, China and BRIC fund (reduce exposure on Asia)
Bought Latin American and Technology fund
Trends I see :
1. A lot of analysts have positive view on India and China, but market didn't agree that in the past months. May be the analysts are wrong.
2. Fund flow out from India and Korea; first time since 2002.
3. Emerging markets go up because of rapid growth and government deregulation on business. There are reverse trends in China. The telecom reform confirms my view. I see it as a very negative factor.
4. Of the 4 countries in BRIC, only Russia and Brazil remain positive. But, I am expecting a local peak for commodities. I hope I won't underestimate the selling pressure.
5. The technology sector is recovering. Will this be the next trend ?
Things I did:
Sold some minning fund (profit taking)
Sold all ASEAN, China and BRIC fund (reduce exposure on Asia)
Bought Latin American and Technology fund
