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Alvin

Wall Street the Other Las Vegas by Nicolas Darvas

July 10, 2011 by Alvin
Here are the maxims from Nicolas Darvas in the book: “Brokerage commissions are the primary reason for the existence of the organised stock exchanges; without the brokerage commission, there will be no Wall Street casino.” “…dividend or no dividend, the stock of the corporation will continue to be traded in the market. And the truth [...]

in Categories: Investing

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Handbook on Options Trading by Dave Foo

July 6, 2011 by Alvin
In this book, Dave briefly explained what are Options and even show you the procedures to place orders. What is interesting and very different from most trading books, is that he advocated the selling of Options. Instead of being a buyer of Options, you actually assume the role of a financial institution when you sell [...]

in Categories: Active Trading

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Trading Report Card – Jun 11

July 3, 2011 by Alvin
The market was in doldrums for most part of Jun 11. I was net long on many positions which resulted in many losses even though I tried to minimise them. The market was still on an uptrend and I saw it as a correction. I was trying to time the resumption of the uptrend but [...]

in Categories: Active Trading

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Invesment Report Card – Jun 11

July 3, 2011 by Alvin
The market correction in Jun 11 wiped out a large part of my paper profits. Market does not seem to be reversing its trend and hence, there was no reason to sell. Current price are based on closing price on 1 Jul 11. Equities Orchard Parade – Bought $1.17, now $1.46 (+33.9%) Starhill Global REIT [...]

in Categories: Investing

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What is your edge in the market?

June 28, 2011 by Alvin
I came to realize casinos, insurance companies, lottery operators, and market makers are the ones consistently making a lot of money. As a young boy, my mum always taught me about “十赌九输”, which means you tend to lose 9 out of ten times in gambling. I have avoided gambling like plague and I thank my [...]

in Categories: Investing

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What it means to be a shareholder?

June 26, 2011 by Alvin
Comapnies get listed to raise cash for business expansion. In doing so, the company has to share its future profits with the shareholders. Theoretically, shareholders are owners of the business. They bought into the shares because they believe the business would make money in the future and profits can be shared proportionately to the percentage of [...]

in Categories: Shares and Derivatives

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The Universal Principles of Successful Trading by Brent Penfold

June 21, 2011 by Alvin
Brent Penfold believes that there are universal principles that are applicable to all traders, regardless of which trading systems, time frame and instruments you trade. A typical journey of a novice trader I found his descriptions of a novice trader’s journey accurate as I can relate to some of them. The novice trader will lose [...]

in Categories: Active Trading

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BigFatPurse is back!

June 19, 2011 by Alvin
After a short hiatus, BigFatPurse is back! I hope you do miss the posts :) I have completed the first draft of my book. It would have to go through the process of editing and consultation with the interviewees for their respective sections. I have not really nailed down the title of the book. Tentatively, [...]

in Categories: Active Trading, Site Update

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Investment & Trading Report Card – May 11

June 1, 2011 by Alvin
Investment The market has been range bounded for the entire May period. Silver came down to $33 from a high of $49, a 33% drop. I saw the opportunity to buy more silver but was waiting the market to be less volatile. I managed to bought more at $36 after the volume on iShares Silver [...]

in Categories: Investing

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The Love of Money Series (Part 3 – Back from the brink)

May 29, 2011 by Alvin
This is Part 3 of “The Love of Money Series” which examines the forensics of the 2008 Sub-prime Financial Crisis.

in Categories: Personal Finance

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The Warren Buffetts Next Door by Matthew Schifrin

May 22, 2011 by Alvin
Matthew Schifrin is a Forbes editor and in this book, he interviewed 10 individuals who are relatively unknown, yet made a lot of money from the stock market. Not in order of merit, below are the people and their rules of investing. These rules would give you an idea what these investors are looking for. [...]

in Categories: Investing

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3rd MasterYourFinance.com Gathering – 16 May 11

May 16, 2011 by Alvin
US Bond Market Crash Dennis began the presentation with a report from PIMCO founder, Bill Gross. Bill Gross is commonly known as the bond king as he was an expert in bond investment and he had made a lot of money from it. His view was that the US bond market would crash. He reasoned [...]

in Categories: Market Review and Trends

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BigFatPurse on hiatus

May 8, 2011 by Alvin
Hello readers, thanks for your support all this while. There have been readers who complimented my efforts and I sincerely thank them in return. Kind words have magical effect, they light up the mood of both the giver and the receiver. This is abundance! There are regular readers which kept me blogging regularly as I [...]

in Categories: Site Update

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The Love of Money Series (Part 2 – The Age of Risk)

May 6, 2011 by Alvin
This is Part 2 of “The Love of Money Series” which examines the forensics of the 2008 Sub-prime Financial Crisis.

in Categories: Market Review and Trends

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Do not miss out this money making opportunity!

May 3, 2011 by Alvin
Did the title attract your attention? But I will disappoint a lot of people with the rest of this post as I am not going to share any money making opportunity. However, it may save you a potential loss of money if it can help you understand our human weakness – greed. I cheekily use [...]

in Categories: Personal Finance

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Investment & Trading Report Card – Apr 11

May 1, 2011 by Alvin
Investment The market has rebounded a little in the month of Apr 11. The unusual thing is we start to see penny stocks like Dyna-Mac, Tuan Sing and Fragrance jump up by double-digit percentage. Silver also continued to reach new highs. I used some leverage for some of my investment stocks and have decided to [...]

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The Love of Money Series (Part 1 – The Bank that Bust the World)

April 28, 2011 by Alvin
This is a fabulous behind the scene of the downfall of Lehman Brothers. Film by Bullfrog Films and broadcast on BBC. It shows you how the CEO screw up the company and how the economic policies added fuel to the financial meltdown. The film shows you how the stars align to result in the sub-prime [...]

in Categories: Investing

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Stock Market Wizards by Jack Schwager

April 26, 2011 by Alvin
This is the 3rd book of the “market wizards” series by Jack Schwager. Jack continued to document his interviews with the top traders, with a focus on stocks trading in this 3rd book. At times, due to the varying practices and philosophies from traders, you may be confused with the clash of ideas. There are [...]

in Categories: Investing

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