Financial encyclopedia

2023-05-02

There are two main reasons for "dollarization": 1. After the conflict between Russia and Ukraine, the United States used the hegemonic advantage of the US dollar to sanction Russia, such as freezing Russian assets in the United States and restricting Russia's use of US dollars for transactions. These measures are counter-productive. Many countries are worried about relying too much on the US dollar and the risk of being sanctioned, and reducing the foreign exchange reserves of the US dollar. According to the information of the International Monetary Fund, the US dollar is the first in 2022. In the fourth quarter, the share of global foreign exchange reserves dropped to 58.4%. 2. The United States "violently raised interest rates". In response to hyperinflation, the Federal Reserve began to raise interest rates rapidly last year, which led to the appreciation of the US dollar and the obvious strengthening of currencies in various countries, resulting in Other currencies in the world are losing their value, and countries need to follow the US dollar to raise interest rates one after another, which will affect the stability of the overall market. Other countries have started to advocate or even implemented it, and their trade can be settled in local currency instead of using the US dollar as the intermediate currency. China even completed the first order in RMB. Settlement of imported liquefied natural gas (LNG) procurement transactions. Us treasury secretary yellen is worried that it may endanger the dominant position of the dollar. Since the Hong Kong dollar is pegged to the US dollar, if it is "dollarized", It is possible that the Hong Kong dollar will fall with the depreciation of the US dollar. Not only are the international prices of Hong Kong dollar deposits and bonds falling, but the prices of houses, Hong Kong dollar MPF and insurance policies will be greatly reduced, and the stock market will fluctuate, while gold and gold will rise. Although it is unlikely that the US dollar will be replaced, 84.3% of global cross-border trade is still conducted in US dollars, but it can still be prepared for a rainy day, and investment has intrinsic value and hedging function. Gold may not be the only choice, but it must be a better choice.

2023-04-27

According to media reports, the MPFA is now preparing. For the MPF from 2022 to 2026, The four-year contribution income benchmark will be reviewed in a new round, and the industry is expected to suggest that the government increase the interest benchmark level and implement it in stages. According to the established mechanism, the maximum monthly MPF for employers and employees will be raised from $1,500 to $2,750. If MPF raises the contribution ceiling, How much is the account when you retire? Suppose the monthly salary reaches 55,000 yuan at the age of 35. At that time, the MPF account had 700,000 yuan. There are still 30 years to retire. The annualized net return of MPF is 4%. (within a reasonable range) When he retired at the age of 65, The value of the MPF is about 6.15 million yuan. But this MPF is the future value. Will depreciate due to inflation and other factors, If inflation is calculated, The present value of the MPF is about 3.58 million yuan. Want to retire with security? Rely on the MPF? Or investment?

2023-04-18

Under the linked exchange rate system, theoretically, Hong Kong interest rate should follow the change of American interest rate. It is only a matter of time before the United States steps into the interest rate hike cycle and US interest rates rise. However, in the early days of raising interest rates in the United States, Hong Kong interest rates may not follow immediately, and there is usually a lag. The reason depends on two factors: 1. Balance level of the banking system in Hong Kong When banks are "flooded", it means that the balance of the system is sufficient, and banks have no pressure to raise interest rates. When the balance level of the banking system falls to a certain level, banks will be under pressure to raise interest rates. In the last interest rate hike cycle, the balance of deposits dropped to about HK$ 70 billion, and local banks only raised interest rates. 2. Hong Kong-US interest margin When the United States raises interest rates but does not follow Hong Kong's interest rate, the spread between Hong Kong and the United States will widen, which will attract "Carry trade". The interest rate of the US dollar is higher than that of the Hong Kong dollar, so that funds will flow from the Hong Kong dollar to the US dollar. If the spread continues to widen and the situation of capital withdrawal continues, it will constitute the pressure for local banks to raise interest rates. In the last interest rate hike cycle, during 2018, the one-month US dollar interest rate was 1.6% higher than the Hong Kong dollar interest rate. The next interest rate meeting of the Federal Reserve is May 2 and 3, US time, and the announcement time is 2 am Hong Kong time.

2023-04-12

Banking crisis-is the deposit guaranteed? What protection do small depositors have in the recent global banking crisis? The Federal Deposit Insurance Corporation (FDIC) in the United States can protect depositors from losses caused by bank bankruptcy, and currently provides depositors with up to $250,000 in insurance for each bank account in the United States. JPMorgan Chase pointed out earlier that since the Federal Reserve began to violently raise interest rates last year, the interest rate of local bank deposits did not keep up with the interest rate increase, and the central bank tightened its quota, the most vulnerable banks in the United States lost about $1 trillion in deposits, 50% of which was lost after the outbreak of the Silicon Valley banking crisis, 25% of which went to government money market funds and 25% to larger banks. The reason for this big transfer of deposits is that the protection of deposits is calculated by account, not by person. Therefore, if the deposit assets are more than 250,000 US dollars, they can get more fund protection if they are scattered in different accounts. In the United States, nearly $7 trillion in bank deposits are not covered by insurance. Motong believes that full protection of all deposits will help improve the situation. When the epidemic broke out in March 2020, Congress authorized the FDIC to cancel the deposit and insurance ceiling of $250,000 to prevent the pandemic from triggering bank runs. After several banks closed down in succession, the pressure on the banking industry soared, and the temporary cancellation of the insurance ceiling immediately became a national topic again. The US Treasury Secretary Yellen said that she has not considered or discussed providing comprehensive insurance for bank deposits in the United States without the approval of Congress. She pointed out that if a single bank failure is considered to cause systemic risk, it may invoke the exception of systemic risk and allow the Federal Deposit Insurance Corporation (FDIC) to protect all depositors, but it will be examined on a case-by-case basis. Back in Hong Kong, most banks are members of the Deposit Protection Scheme (DPS). DPS protects the deposits deposited in the bank. In case of bank failure, the qualified funds deposited by customers in the bank will be paid by the deposit insurance plan. The maximum amount of protection for each depositor in each bank is HK$ 500,000.

2023-04-04

OpenAI, the parent company of ChatGPT, is developing the plug-in function of ChatGPT recently, and initially plans to launch only 11 plug-ins, including reservation. Buy take-away food on international flights, check the scores of live sports events, etc. When ChatGPT is added to the plug-in, ChatGPT is like an I phone and the plug-in is The App plug-in equivalent to the App Store can be a third-party tool or a native plug-in provided by ChatGPT developers. For example, when the user is able to If you can get a travel itinerary plan on ChatGPT's "App" and book hotels and air tickets through ChatGPT immediately, you need to use other air ticket hotel apps to do the same. Things. It can be foreseen that different companies will strive to pay for becoming one of the options recommended by ChatGPT in the future. After adding the plug-in, the weakness of not being able to access the Internet can be improved, and the time data can be obtained. And information can be updated in real time, for example, using Bing plug-in to search for information and interact with websites. ChatGPT's Bing plug-in can integrate information from multiple sources. For a more solid response, you can also quote the data sources it uses for user verification.

2023-03-28

The pace of raising interest rates this year has come to an end for the time being, but the sequelae are slowly showing symptoms, as evidenced by the bankruptcy of Silicon Valley Bank, SVB). More and more economists point out that there will be an economic recession in the United States in 2023, but it will be a wave of "rich recession", or "white-collar recession", that is, affected by the economy The wealthier people will be hit harder by the recession. The term "rich recession" means that the rich in the United States will suffer in the future economic downturn. More influence. Why is this strange phenomenon? It turns out that inflation in the United States is high at present, and blue-collar jobs are more popular after the epidemic. At the same time, the financial market is complicated and the stock price is low. Fluctuations make the investment income of the rich fall. On the contrary, the asset income of the poor has increased because of the earlier relief and preferential policies of the government. According to the statistics of the Federal Reserve, the net assets of the bottom fifth households in the United States in the third quarter of last year increased by 42% compared with 2009, and also increased by 17% compared with the end of 2021. mutually The net assets of the top fifth of anti-American families in the third quarter of last year only increased by 22% compared with 2009 before the outbreak of the epidemic, and even decreased by 7.1% compared with the end of 2021. Reflect the impact of the stock market decline. The salary growth of wealthy people is also slow, with the annual salary growth rate of the top quarter being only 4.8%, and the salary of the bottom quarter in the same period. The annual growth rate is 7.4%. Coupled with the wave of layoffs in the past six months, most of them are concentrated in well-paid and well-known technology companies. The median salary of Meta employees in 2021 is 29.5. $10,000, Twitter employees are $232,600. As technology giants only account for 2% of all private sector jobs, even if layoffs are repeated, the overall employment will be affected. The sound is limited. Most of the industries that are still robbing people are labor-intensive middle-and low-income workers, such as the leisure and lodging industry, which still lacks 980,000 manpower. medical care Although the industry has returned to the pre-epidemic level, due to the aging population, 1.1 million job vacancies still need to be filled, and the salary of low-skilled jobs is recovering the backward growth rate before the epidemic. The average hourly wage of McDonald's employees in the United States has soared from $11 two years ago to $15, which is enough to offset the rising prices. As a result, enterprises are faced with employee salaries at the same time. The multiple rising costs of raw materials and rents will inevitably lead to price increases, which will shift the costs to consumers, thus creating an upward spiral. Therefore, inflation will still fall sharply. There is a certain difficulty. Economists point out that it is rare for low-income people to become a sought-after labor force in a weak economic environment, which will improve their finances without experience. Seriously unemployed. As for the laid-off rich, in addition to the decrease in income, the decline in the stock market has led to asset recession, but because they have enough foundation, they should be able to survive this recession. Low tide!

2023-03-22

Japan announced that Kazuo Ueda will take office as the next governor of the Bank of Japan on the 9th of next month, replacing Haruhiko Kuroda, who retired in April. The 71-year-old Kazuo Ueda holds a Ph.D. in Economics from Massachusetts Institute of Technology. He is the same as former Federal Reserve Chairman Ben Bernanke and former European Central Bank President Mario Draghi, so he also Known as the "Japanese version of Bernanke." Kazuo Ueda is a Japanese economist and honorary professor of Tokyo University, specializing in macroeconomics and financial theory. From 1998 to 2005, He served as a deliberation member of the Bank of Japan, providing theoretical support for the introduction of "zero interest rate policy" by the Bank of Japan in 1999 and "quantitative easing policy" in 2001. In 2000 When Hayami Masaru, then president, decided to cancel the zero interest rate policy and switch to a tight monetary policy, Ueda voted against it and worried about deflation again. As a result, deflation continued. For many years. After Ueda's name ran out, the financial market immediately revisited his comments on Japan's monetary policy in recent years, hoping to understand his faction. Or pie? , refers to him both. Neither, because Ueda is a decision-maker who cares about reality and seeks the best policy. In an article published in the media last July, he warned the central bank not to just It is premature to raise interest rates because the inflation rate exceeds 2%, but he also said that the Bank of Japan must consider the strategy of withdrawing from ultra-loose monetary policy and re-examine it at some point. The future of monetary easing structure. Therefore, compared with Kuroda, Ueda Kazuo is cautious about monetary easing. As a supply school, Ueda was not optimistic about Ann from the beginning. Times economics. The market believes that Ueda is not a believer in ultra-loose monetary policy, but a relatively "balanced" one, emphasizing the combination of theory and practice. If he is in charge of the central bank, Japan may slowly withdraw from the excessive easing policy, hoping to achieve 2% sustainable inflation in an orderly manner, but this road is still very long.

2023-03-13

Last Wednesday, Silicon Valley Bank suddenly announced that it would seek to raise $2.25 billion, which made an institution with sufficient capital explode the market. Panic, and extremely fast in 48 hours, ended the 40-year operation. US regulators ordered Silicon Valley Bank to close on Friday night and took over the deposits, since 2008. The biggest bank failure in the United States since the financial crisis in 2008. Main cause of collapse 1. Centralized business SVB's main business is relatively small: it mainly provides traditional banking business and risk financing for technology-related startups. 2. Violent interest rate hike Under the influence of the violent interest rate hike by the United States, when the risk-free interest rate has reached 4.75%, the valuation of technology-related companies belonging to SVB's main customer base plummeted, which led to IPO and pre-listing fund raising. In the ice age, start-ups had to use bank deposits to survive, resulting in the continuous outflow of deposit funds. 3. The bond depreciated sharply. During the bull market of technology stocks during the epidemic, Silicon Valley Bank invested 91 billion US dollars in long-term bonds such as US Treasury bonds, and the yield rate of US bonds went up all the way. Bonds depreciated sharply and suffered serious losses. Various factors make the squeeze situation more violent, forming a vicious circle, and finally insolvent and bankrupt. The bankruptcy of Silicon Valley Bank has a long-term impact on technology start-ups, and related VC and newly-created money have been affected. Scholars predict that 10% will close down, and with the poor development of the area, Without new capital injection, there will be a shortage of funds, which may even trigger a larger wave of bankruptcy. What the market is most worried about is that the bursting of the technology bubble may be transmitted to the financial system of the United States, and even the financial crisis will repeat itself. Under the domino effect, there seems to be nothing called It's too big to fail. In a turbulent environment, would you choose to hold US debt, legal tender or safe-haven gold?

2023-03-07

The Bank of Japan began to study CBDC in 2020. At that time, the research was promoted by the cooperation of the Ministry of Finance, the Financial Services Department and the Central Bank. Two-stage experiment was conducted. A digital yen pilot program will be launched in April this year, which is expected to last for several years. The central bank will conduct simulated transactions with private institutions in a test environment. In the future, or conduct substantive trading experiments with retailers and consumers. Ichiro Kamiyama, head of the payment and settlement department of the Bank of Japan, said that it is more suitable for Japan to adopt the "Swedish model" than the "China model" in launching CBDC. These two China is one of the first countries in the world to study CBDC. The Swedish model refers to focusing on small-scale technical research, including testing whether the electronic krona can adapt to other electronic payment providers in the settlement system. Sweden morning CBDC was studied in 2017, and the electronic krona pilot program was launched in 2020, but it has not yet been issued. The Swedish central bank continued to make relevant preparations this year, including research on technology. The way of using electronic krona at the level, as well as the related legal issues such as data protection and asset classification. The China model refers to the actual use of digital RMB through large-scale pilot projects, including becoming one of the payment channels at the Beijing Winter Olympics last year. China has been open since 2014. CBDC related research began, and the pilot program was launched at the end of 2019. Since the end of last year, digital RMB has been included in the statistics of currency circulation of the People's Bank of China. At the end of last year, The balance of digital RMB in circulation reached 13.61 billion yuan. In fact, the development of CBDC in Japan has been accused of lagging far behind other countries. With the rapid development of digital RMB, many political parties and officials in Japan are worried that the digital people If Japanese currency becomes the main trade settlement method, it may weaken the position of Japanese yen as a safe haven currency, so Japan has to step up its research. The Bank of Japan has repeatedly stressed in recent years that it has not There are plans to issue digital yen, but in response to environmental changes, relevant preparations need to be made.

2023-02-27

Since its listing in November last year, From writing scripts, writing articles, drawing, arranging music to planning, we can do everything. And the more people use ChatGPT, Can improve ChatGPT's learning ability And speed up the replacement of labor. Initially AI replaced repetitive work. Then replace creative work ChatGPT is only the starting point of a new wave of technological innovation. Large technology companies drive innovation, At the same time, it also widens the inequality between the rich and the poor. "Dr. Doom" Roubini warned Humans will benefit from AI. But we can't ignore the threat posed by AI. Soon, from blue-collar to white-collar, Will set off a wave of mass unemployment. We don't know the future AI. What other unexpected things can you do? But we know that we must seize the opportunity. Fight for what you want              The focus of investment is not on how much money you earn after one year or two. But to have the ability to make money for a lifetime. No matter how the external economic, financial or investment environment changes We should all be sensitive to making money.

2023-02-09

Just arrived in 2023, The financial market has changed color. Last year, both the US dollar and oil were under pressure. Well, the same assets have increased to varying degrees. The market that outperformed in the first month was not only the CRYPTO market, After the baptism of LUNA coins and FTX, The coin circle is a mess, But as the worst passed, Its resilience is also quite amazing. Bitcoin rose by nearly 40%. Sister Mu expects that Bitcoin will see $1 million. The stock bond market is expected to benefit from the peak of interest rate. The Federal Reserve began to slow down interest rate hikes, And get an inadequate boost. The gold market has seen the best start in January in Lebanon in the past decade. In a high-interest environment, Funds continue to pursue gold. Looking forward to the whole year, Fed interest rate growth will slow down But that determination to control inflation remain, Low chance of interest rate reduction The performance of the labor market and the inflation front will continue to influence the performance of the market.

2023-01-11

2023 opened for a week, The hang seng index is not wrong, Go back upstairs to 20000 points. Coupled with customs clearance driving the property market, The market atmosphere is booming, Compared with 2022, Let's review the performance of global stock markets. Last year, the global stock market can be said to win when losing less. Rising inflation, Delisting from Europe and America and sharply raising interest rates, Put pressure on all major markets. The Russian-Ukrainian war made the market worse, Europe is in an energy crisis, Drag down the external market conditions. However, that most disappoint is the Vietnam market of the New world factory, Because the Vietnamese government cracked down on real estate companies. Investigate corruption and tighten credit, Vietnam's stock market fell more than 50% Secondly, Russia was sanctioned, Penalty for foreign capital is both, Go, go, Russia's stock market is also doomed. European and American markets are raising interest rates, Interest-sensitive technology stocks are under pressure. Brazil and India are suitable for raising interest rates, Without losing the glory of the BRICS. Shares all rose, There are few positive growth markets in the world. And looking ahead to 2023, The mouth is expected to peak, The stock market should be able to catch its breath. But the recession is imminent, Plus the interest rate failed to fall back immediately. It's still hard to be too optimistic, Trader, grasp the amplitude operation, The performance may be more effective.

2022-12-30

Last trading day of 2022, Review the performance of the gold exchange market with you The U.S. dollar stands out among mainstream investment products As the Fed raised interest rates like crazy this year, Bond and stock markets are under pressure, Money continues to chase the dollar, The market was even more worried about the unilateral rise of the US dollar leading to a foreign exchange disaster. The U.S. currency-weighted index rose nearly 10 percent in a few years And the Russian-Ukrainian war put pressure on the Ukrainian currency, Russia, on the other hand, imposed foreign exchange controls due to sanctions. Instead, the ruble rose The top gainer on the list is both Brazilian Real, Because the Brazilian central bank has raised interest rates by the largest in the world And at the end of the package is Turkey, which has failed to control inflation. Interest and inflation remain the focus of the global gold exchange market. In terms of mainstream currencies, The madness does not lose the market's expectations Brothers and brothers, It became the two worst-performing currencies among mainstream currencies The gold market is under the Russian-Ukrainian war and the crazy global interest rate hike. Big up and down, Finally closed steadily, The gold exchange market is turbulent, Volatility can drive opportunities and profits, Believe in 2023, Traders still have plenty of opportunities, Exhale and raise your eyebrows Happy New Year to all.

2022-11-18

With the coming of the World Cup every four years, every tournament has created unlimited business opportunities for the sports market. Since the World Cup was held in the United States in 1994, when commercial activities were introduced, the World Cup was no longer a single event. It is purely a sports activity, and it is tens of billions of commercial activities. It also derived the theory of World Cup economics. In addition to the commercial benefits of FIFA, the host country and The economic activities of the participating teams will also be boosted. According to statistics, a World Cup can bring nearly 400,000 foreign tourists to the host country. They usually stay for about 18 days, each The average cost per person is as high as $4,000, which is a huge profit for the host country, even reaching the GDP growth of nearly 1% that year. It can be seen that these 64 events are beneficial. Run extraordinary. In addition to the left organizer and the host, local broadcast TV stations also get advertising revenue. Take China Central Television as an example, the advertising revenue during the World Cup is as follows Billion yuan, less than 100 million yuan of advertising revenue in the 1990s, has increased at a double rate in the past 20 years. Even economists have counted that the GDP of the winning team in the championship will be raised. 0.7% vibration. Sports-related industries will be boosted in an all-round way, and the expansion of business opportunities by World Cup economics is also quite comprehensive.

2022-11-09

There is a saying in the circle that playing with coins belongs to Zhao. Zhao is Zhao Changpeng's Zhao, the founder of Coin 'an, and one of the youngest Chinese richest people in the world. The acquisition of FTX by Binan this time can be described as printing. It's a myth that playing coins belongs to Zhao and the coin circle lasts for ten years in one day. An and FTX are two giants in the currency world. As far as customer trust is concerned, it can be said that they are the eldest brother and the second brother. Big brother has been sitting in half of the country, trading on other platforms in the currency circle. It's not as good as the money security family. This time, it's like a commercial war movie. First of all, Kincoin Media first announced the possible shortage of FTX funds, pointing out that there is no native currency of the platform. The foundation, like the US dollar, can be printed as much as possible, creating an excuse for selling. An re-cooperated with the announcement to throw out the original FTX coins in his hand. The market panic quickly, FTX assets The balance sheet has rapidly evaporated by 90%, just like a bank's withdrawal. Even if the bank itself is stable, all customers can withdraw money together in a short time, which can blow up a bank. FTX first sold his belongings to meet the withdrawal, but after half a day's support, he still couldn't cope with the crazy sellers in the currency circle, even some speculative short-selling forces, and finally he could only reach out for help. To raise funds to solve the bankruptcy crisis. An Coin naturally became the ultimate white warrior, although he had the intention to imply that FTX was a hollow old man, and he also had a share in selling FTX native coins. But in the end He is also the one who paid for this hot potato, which can be said to be a typical routine of commercial warfare. Finally, FTX boss would like to publicly thank this old rival for his salvation/acquisition. This incident also has two inspirations for the currency circle. FTX's Wall Street background, I believe, will contribute to the legal development of currency security, and its influence will be further expanded to the compliance level. The other is as big as FTX, but it can also be short of liquidity in the short term. Investors believe that it will continue to move closer to currency security.

2022-10-25

The strength of the US exchange rate swept through financial markets in 2022, pushing down non-US currencies to the point of central bank intervention. The Bank of England intervened to buy bonds, the Bank of Japan more directly sell the United States in the international market The dollar, buying the yen to support the won and, of course, maintaining the Hong Kong dollar peg ️, led the HKMA to do a lot of selling of Hong Kong dollars. What is the impact of currency instability and strength? That brings us to the Plaza Accord, a classic example of currency trading. On September 22, 1985, the United States, Japan, Britain, France and Germany signed an agreement to jointly intervene in foreign exchange markets to bring the dollar into line with the major currencies of the Japanese yen and the German mark The Japanese yen eventually surged, easing the U.S. trade deficit but also leading to a lost two decades for the Japanese economy. Japan's economy has long been on the brink of deflation, plunging from its position as the world's second-largest economy. The deal represents a major coordinated intervention in international markets. Teamed up with The intervention in the dollar has led to huge gains in major currencies over the past two years, with the yen up 86.1 percent, the German mark up 70.5 percent, the French franc up 50.8 percent and the Italian lira up 4 percent 6.7 percent, the pound up 37.2 percent and the Canadian dollar up nearly 11 percent. The Japanese economy is the victim of this agreement, as it did during the Great Depression of the 1990s It was not replaced until February 1987, when the Louvre Agreement was signed by the SEVEN major industrial NATIONS. Some people say that this unilateral surge in the dollar has formed a disaster and triggered an economic crisis. But with square Unlike the deal, the dollar's rally this time has been driven by a sharp rise in interest rates and a sharp interest rate hike by the Federal Reserve. The market has become accustomed to the U.S. trade deficit ️ and printing money to prop up the market Debt is entrenched in international markets; In addition, before the Plaza Accord, the trade war was initiated by the United States and Japan, but Japan was still highly dependent on the United States after the war, and Japan joined forces voluntarily Intervention, this time the trade war is a counterweight between China and the United States, and China has little chance to compromise like Japan. Therefore, no matter the formation of a financial crisis, or the emergence of joint intervention It will still be small.

2022-10-20

Every day, I live in financial freedom. Every morning, I wake up naturally. Every day, I live the life I want. Everyone yearns for it, but when I study, there is no subject called financial management, which is lacking. Some financial concepts, in fact, it's hard to get to the road of self-financing. Today, I'd like to share with you the concept of asset allocation. Financial management is basically to balance income with expenditure, but to achieve wealth. To accumulate, we must learn to understand the financial pyramid. The pyramid concept is that the base should be stable, and the top should be light and the bottom heavy, so that it can be stable and upward. Divide your income into 50%, 30% and 20%. 50% is to meet living expenses and urgent needs, and there is always a need for living expenses, so this distribution should not take too much risk, and And the liquidity should be high, such as food, transportation and other expenses and spare cash. These basic expenses are to maintain the living. If the income is high, some of them can be put into time deposit or savings insurance. And other assets with high liquidity. When the base is laid, then comes the part of how to increase the value of assets. Just like a team, the base is the back defense, and we still have the middle. And the striker to win the game, 30% of the capital allocation is the midfield position. 30% is an offensive and defensible configuration, and its main purpose is to catch up with inflation. Because if all income is used for expenses, your purchasing power will only be eroded continuously during inflation. But on the other hand, you should not go too far, otherwise you will take too much risk. In case of economic downturn, you will lose your income by being laid off, and you will lose your funds and get your expenses again. This category can arrange bases. Or high-interest public shares, which can catch up with inflation and stabilize dividend distribution without losing liquidity. The last 20% is the key to getting rich. 20% need to allocate a possibility of wealth explosion. It's like a sailboat. You just have to get the bottom of the boat, but you can't get out without sailing. Dear, when the economy takes off, you have to sail to fly high in the wind. If you have a long way to go, you have to have enough space for the sail. Many people often don't sail because they are afraid of risks, and as a result, when However, you can only watch other ships sail away and stay where you are, and you will never get on the road of financial freedom. This kind of configuration can be leveraged products, or start-ups, etc., which can be used in small A big explosive tool for fighting. This kind of configuration is not much, but it cannot be done without. Through the financial pyramid, you can allocate your funds more effectively. Even if you have never learned financial wisdom, you can beat the market by accumulating and creating wealth in this way.

2022-10-11

The annual Nobel Prize in economics has been shared this year by three scholars, one of whom is well known as former Federal Reserve Chairman Ben Bernanke. Bernanke, who graduated from Harvard Economics, completed his doctorate at MIT, and taught at Princeton for 17 years, is a well-trained economist. In 2002, George Bush, then president of the United States, was appointed to the board of governors of the Federal Reserve. He succeeded Alan Greenspan and successfully led the United States in the wake of the financial tsunami China weathered the financial crisis and appeared on the cover of Time magazine as the father of QE. Bernanke, a fan of the Great Depression, was honored for highlighting the role of banks in the financial crisis during the Great Recession. In traditional economics, banks fail the closure is the result of the recession, but the three winners said the role of banks is very important and central banks are the last resort in the economy. So at 08 gold When the meltdown tsunami, he made the first QE rescue market, to resolve the crisis. But Bernanke led the U.S. out of recession, but he was also controversial, and the U.S. has been on QE ever since Lk. In a recession, central banks print more silver paper, which in effect exports the recession abroad. The more foreign countries hold more debt, the deeper the mess becomes, so the international market starts to sell too Now dedollarize, reduce dollar reserves reduce credit risk.

2022-09-28

The United States has raised interest rates by 0.75% one after another, and major banks have finally started to raise the prime interest rate. Both enterprises and mortgage contributors are beginning to feel the pressure of rising interest rates. Force. How much do you know about the current lending system in Hong Kong? The prime interest rate refers to the most basic interest rate that bank loans should have. Since there is no central bank in Hong Kong, the prime interest rate was decided by a meeting of the Banking Association in the past, but in the interest rate agreement After the cancellation, it will be decided by the banks themselves. At present, the best interest rates are divided into big P and small P. The small P refers to the best interest rates of several major banks such as HSBC, Hang Seng and Bank of China, because The interest rate is low, so it is called thin P, while other banks such as Standard Chartered and East Asia adopt big P. The prime interest rate is closely related to the mortgage. Since the mortgage is just asking the bank to borrow money, the prime interest rate also determines the borrowing cost of the owners. And many times, the market I'll hear h mortgage this way. In recent years, Lou Jian likes to borrow money in the form of H, and H uses interbank interest rate as the loan interest rate. As the world is in a low-interest environment in recent years, hot money Abundance, the interbank interest rate has been low, and this kind of interest rate has a capping mechanism, so it is very popular in the market. However, with the rising interest rate, I believe P-click will be favored by the market again. When it comes to interbank interest rates, it is worth mentioning that when there is a shortage of money, the increase in interbank interest rates can be quite alarming. When the Asian financial turmoil happened, Asian currencies were chased, causing dominoes. As a result, Hong Kong's local interbank interest rate soared to 300%, and banks were in urgent need of cash settlement. Fortunately, they were able to successfully repel predators in the end, otherwise the bank balance would be insufficient and the exchange rate of Hong Kong dollar would be organic. Will be impacted, UNPE.

2022-09-21

In addition to the left, traders need to know the market, and to improve the trading efficiency, they often formulate a set of effective strategies for entering the market. Today, I would like to share with you a few commonly used strategies for entering the market. Market law. In the past, we introduced the average market entry method, which is quite different from that of goods in the same channel. However, this time, we introduced the market entry method with the word "gold", which can be used to further forecast the market situation and need to cooperate with it. Use the strategy. Let's first introduce the operation method of "gold-lettered market" method. Traders will divide the principal into three or four bets, and the first bet that initially enters the market will adopt a finer note code, and when When the price changes, it will be raised, and the amount of money raised will be more than that of the previous market, thus forming a pyramid trading method. What is this technique? Is it applicable under market conditions? Unilateral city. When the unilateral market rises or falls sharply, it does not enter the market when the price is low, but it is necessary to chase after the goods carefully. In the unilateral uptrend, the market sentiment is more excited. If it is easy to catch up, I'm afraid there will be a big risk of callback when entering the market. However, since the uptrend has been confirmed, profit target will be very large in the middle of the market outlook. Therefore, it is necessary to use the pyramid approach to enter the market, and advance, attack and retreat. Can keep, this is a timely market entry strategy. Similarly, when a certain profit has been made after entering the market, but the expected upward trend has not reached its peak, the inverted pyramid selling strategy can also be set. Sell some positions first and lock in profits. Through the pyramid market entry method, you can effectively balance the capital and risk return. Next time you encounter unilateral market conditions, you are afraid that you won't be able to enter the market, and If you are afraid of rushing into the market, you can try this method and make good use of market entry skills to get rich.