the global financial economy is really demaging decent people's life as they don't know how to invest in the risky market.
For lots of you here are veterans in punting and investing in this risky market and made money, and some are still guessing but many have difficulty understanding complicated financial world and nowadays it doesn't work as simple as before(more perfect scenarios--not piigs not umpteen printing money).
sad for them.
I know a solo fund manager for gold and he told an hawker auntie to buy gold a few years ago and a few years later, he re visited the hawker center and she adored him like god while regretting that she didn't listen to him. He gave her a small gold coin.
so when you do make pile of money, don't forget about bringing little joy to others.
Is this even new to you? Interest paid out to customer is expense to them. Transaction Fee & Bank Charges are incomes for them. If you want HIGH deposit interest, be prepared to also PAY high interest in your home LOAN.
The Federal Reserve has kept interest rates near zero since 2008, but the economic boost comes at the expense of these savers.
Canceling vacation plans
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Henry Baker III, 75 Jacksonville, Fla.
Just a few years ago, I was earning 4.7% interest on my $80,000 in savings. The income paid for a week-long vacation for me and my wife, plus more.
In 2011, that rate dropped down to 0.15%. It's ridiculous!
I took everything out of CDs at the beginning of this year when my bank closed (another unfortunate sign of the times), and I went to a bank that offered a special checking account with a 0.5% interest rate.
Within six weeks of opening that account, it dropped to 0.35%. That said, it's still better than any other investments I can find, including bonds.
About a quarter of my net worth is in that checking account. The rest of my funds are invested in mutual funds and a few individual stocks.
When a retiree today loses investment value, they have to pull from somewhere to meet their expenses. As you trim interest rates, it starts hitting us in the pocket.
I don't even know if we're going to make a trip this summer.
MIDCAP-Singapore's DBS technicals show end of uptrend
Reuters – 18 hours ago
Shares of Singapore lender DBS Group Holdings, up about 23 percent year-to-date, show signs of peaking.
The Moving Average Convergence Divergence (MACD) shows a bearish divergence, as the stock has seen higher highs, but MACD has seen lower highs, suggesting less upside momentum.
Its Relative Strength Index, a momentum oscillator, also shows a bearish divergence as it has set a new 14-day low while the stock has not.
Three black candlesticks occurred in the last three days. Although these candles were not big enough to create three black crows, this shows a steady downward pattern.
The Trend Intensity indicator, a proprietary Thomson Reuters technical signal, was at 40 on Monday. A reading above 40 is considered a trend mature zone. On Tuesday, the indicator fell to 39, suggesting the end of its uptrend.
For a technical chart: http://link.reuters.com/rux86s
CONTEXT:
Trend Intensity is a Thomson Reuters IFR Markets proprietary tool that identifies daily trends in financial markets by using geometrical averages of historical data. It is an intermediate-term statistical oscillator that indicates trend strength as well as potential reversal, formation or breakout points in a single indicator.
Three black crows is a bearish candlestick pattern used to predict the reversal of an uptrend. It consists of three consecutive long-bodied candlesticks that have closed lower than the previous day with each session's open occurring within the body of the previous candle. (Reporting by Patturaja Murugaboopathy editing by Sunil Nair)
Higher dividend has prompted me to buy UOB and sold my DBS
I hope it is a good switch
sriramanv ( Date: 23-Feb-2012 20:40) Posted:
Struggling to cross 14.2x...tomorrow may be more red as all banks completed the results...UOB higher dividend announced and investors may switch over to UOB...I am still waiting for shorts..
Struggling to cross 14.2x...tomorrow may be more red as all banks completed the results...UOB higher dividend announced and investors may switch over to UOB...I am still waiting for shorts..
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Reuters – 18 hours ago