Posted by soojinhou > 2018-02-19 16:19 | Report Abuse

And you missed the point completely. The question isn't whether Malaysian scandals are more or less than other bourses. The question is whether what stock god does constitute a criminal offense.

Posted by arv18 > 2018-02-19 16:20 |

Post removed.Why?

Posted by PlsGiveBonus > 2018-02-19 16:30 | Report Abuse

Changing the Rules of Money

In 1971, President Richard Nixon changed the rules of money: Without the approval of Congress, he severed the U.S. dollar’s relationship with gold. He made this unilateral de- cision during a quietly held two-day meeting on Minot Island in Maine, without consulting his State Department or the in- ternational monetary system.

President Nixon changed the rules because foreign coun- tries being paid in U.S. dollars grew skeptical when the U.S. Treasury was printing more and more money to cover our debts, and they began exchanging their dollars directly for gold in earnest, depleting most of the U.S. gold reserves. The vault was being emptied because the government was import- ing more than it was exporting and because of the costly Viet- nam War. As our economy grew, we were also importing more and more oil.

In everyday terms, America was going bankrupt. We were spending more than we earned. The United States could not pay its bills—as long as our bills were to be paid in gold. By freeing the dollar from gold, and making it illegal to directly exchange dollars for gold, Nixon created a way for the United States to print its way out of debt.

In 1971, the world’s rules of money were changed and the biggest economic boom in the history of the world began. The boom continued as long as the world accepted our funny money, money backed by nothing but a promise by U.S. tax- payers to pay the bills of the United States.

Thanks to Nixon’s change in the rules of money, inflation took off. The party was on. As more and more money was printed each decade, the value of the dollar decreased and the prices of goods and assets went up. Even middle-class Americans became millionaires as home prices kept climbing. They received credit cards in the mail. Money was flowing

freely. To pay off their credit cards, people used their homes as ATMs. After all, houses always went up in value, right?

Blinded by greed and easy credit, however, many people either didn’t see or ignored the dire warning signs such a sys- tem created.

In 2007, a new term crept into our vocabulary: subprime borrower—a person who borrowed money to buy a house he could not afford. At first, people thought the problem of subprime borrowers was limited to poor, financially foolish individuals who dreamed of owning their own home. Or they thought it was limited to speculators trying to make a quick buck—flippers. Even Republican presidential candidate John McCain did not take the crisis seriously in late 2008, trying to reassure everyone by saying, “The fundamentals of our eco- nomy are strong.”

Around the same time, another word crept into our daily conversation: bailout—saving our biggest banks from the same problems that faced subprime borrowers: too much debt and not enough cash. As the financial crisis spread, millions of people lost their jobs, their homes, their savings, their col- lege funds, and their retirement funds. Those who so far have not lost anything are afraid they might be next. Even states felt the pinch: California Governor Arnold Schwarzenegger began talking about issuing IOUs instead of paychecks for government lawmakers because California, one of the biggest economies in the world, was going broke.

As 2009 began, the world looked to a newly elected pres- ident, Barack Obama, for salvation

Posted by PlsGiveBonus > 2018-02-19 16:36 | Report Abuse

New Rule of Money #1: Money is knowledge. Today, traditional assets do not make you rich or financially secure. You can lose money on businesses, real estate, stocks, bonds, commodities, and even gold. Knowledge makes you rich and a lack of knowledge makes you poor. In this brave new world, it is your knowledge that is the new money.

Part Two is about increasing your financial knowledge.

New Rule of Money #2: Learn how to use debt. After 1971, the U.S. dollar switched from being an asset to being a liability—debt. Debt exploded because the banks could cre- ate more money by creating more debt. Our current subprime mess was caused by subprime borrowers and subprime banks. Obviously, both the poor and the rich need to learn to use debt better.

Debt is not bad. Misuse of debt is bad. Debt can make you rich, and debt can make you poor. If you want to get ahead financially, you need to learn to use debt, not abuse it.

Part Two is about learning how to use good debt to make your life richer and to position yourself to be financially se- cure.

New Rule of Money #3: Learn to control cash flow.

After the dollar became debt, the name of the game was get- ting you and me into debt. When you are in debt, your cash flows from you to others. Today, many people are in finan- cial trouble because they have too much cash flowing out of their pockets and very little money flowing into their pockets. If you are going to be financially secure, you need to learn to have more cash flowing into your pockets.

Part Two of this book will be about taking control of your cash flow, both going in and going out.

New Rule of Money #4: Prepare for bad times and you will only know good times. The last depression made my rich dad very rich and made my poor dad very poor. One dad saw the depression as an opportunity, and the other saw it as a crisis.

My generation, the baby boomers, has only known good times. Many are not prepared for the bad times. I am doing well today because I began preparing for bad times over twenty years ago. By preparing for bad times, I do well in good times.

Part Two is about you doing well in bad times, and doing even better in good times.

New Rule of Money #5: The need for speed. Money evolved from barter to digital money as the world’s financial system picked up speed. Today, slow people are left behind. A well-positioned person can transact business 24/7. Rather than making money by the month, people can make money by the second.

Posted by arv18 > 2018-02-19 19:49 | Report Abuse

----Bursa has it's fair share of scandals no? On the contrary, the purpose of a pump and dump operation is precisely to create volume for low capitalised stocks. If a market it deep and the stock is well capitalised, like Apple for example, it would take a fortune to manipulate the share price. Bluemont, Asiasons and LionGold are all penny stocks before they are manipulated to high heavens, it is only possible because these stocks have limited liquidity.---

So you, want a perfect market where all stocks have perfect liquidity and everyone presents their biometric eye for ID before buying and selling a stock, so that out masters, CIMB, SC, Public Bank and the Government can track every and all purchase to make sure our soul is clean and our intentions pure, with no deceit, so that one day, we may become a market like NASDAQ, or NYSE, where no stock is left behind, with perfect levels of liquidity, and no one ever get cheated.

Oh wait...

Posted by arv18 > 2018-02-19 19:58 | Report Abuse

so tell me soojinhou, have you even gone on a first date, got your first job or even spent a

day outside in the world. Or just gaming at home with the PC?

Is your social circle Sunday School & church?

Get a grip!

Posted by Apabagus > 2018-02-19 20:09 | Report Abuse

Soojinhou,if you are so sure what Kyy did was share manipulation,go to SC and present your case.SC would be more than happy to charge Kyy since he is pakatan supporter.If however it was just your fickle imagination and you cannot provide any concrete evidence,you should know what to do.

Posted by Apabagus > 2018-02-19 20:16 | Report Abuse

Furthermore,you get ready to face defamation charges by Kyy.

Posted by Apabagus > 2018-02-19 20:20 | Report Abuse

If Kyy could post someone's ic here at i3 before,who would dare challenge the idea he would not bring defamation charges against anyone.

Posted by arv18 > 2018-02-19 20:30 |

Post removed.Why?

Posted by rchi > 2018-02-19 20:41 | Report Abuse

aiyooo,this is bursa jungle,only the fittest survive....why blame this one and that one...this is all part of the game since time immemorial...did Kyy point a gun at anyone's head to buy his stocks...

me too frequently hentam the shit out of anyone who complain about my calls...first,i din point a gun at their head to follow me...second,i dun collect fees...third,they dun share their profit with me.

Posted by soojinhou > 2018-02-19 21:22 | Report Abuse

Well I'm not going to waste time debating about share manipulation. Kyy has a bulls eye marked behind his head, and may soon be charged for tax evasion. Since the stock god loves to proclaim to the world the greatness of his wisdom, he's most welcomed to leave ample evidence for prosecution, should the authorities sees it fit to nail his balls to the wall. And yes I'm a 10 year old wanker sitting in front of my pc worshipping the almighty stock god.

Posted by soojinhou > 2018-02-19 21:31 | Report Abuse

I lost nothing from stock god's pump and dump so no I won't file a complaint. But I did file a complaint against kyy violating non disclosure rules after crossing the 5% threshold. Well it worked didn't it? Nowadays he obediently disclose all his purchases and sales for stocks he's a significant investor. So those who feel they are victimised should take it up with the authorities.

Posted by arv18 > 2018-02-20 00:59 |

Post removed.Why?

Posted by kcchongnz > 2018-02-20 01:11 | Report Abuse

Posted by arv18 > Feb 20, 2018 12:59 AM | Report Abuse
KC ain't going to tell you how, because he doesn't seem to have a clue.
What about cutting losses KC?

ME: CUTTING LOSSES?
DO YOU EXPECT OTHERS ALSO MUST FOLLOW YOUR 'CUTTING LOSSES"?
WELL, YOU HAVE NOT A CLUE OF WHAT OTHER INVESTING METHODS ARE.
YOU CAN CARRY ON YOUR CUTTING LOSSES, AND I AM NOT GOING TO CRITICIZE YOU. IT IS YOUR PREROGATIVE OF WHAT METHODS YOU USE, AND I RESPECT IT. BUT FOR SURE, I DON'T HAVE TO FOLLOW YOU, DO I?

Showing Paper profits in Excel workbooks is just BS in my opinion.
He has never taken a bad trade or made a bad investment.
All because the Buffet, like God, has blessed him.

ME: I DON'T BLAME YOU TOO IF YOU CAN'T UNDERSTAND WHAT I HAVE WRITTEN. NOT GOING TO CRITICIZE YOU TOO.

At least show some trades; Felicity from the Serious Investing knows how.

ME: REALLY AH? SO MANY TRADES, WHICH ONES YOU WANT ME TO SHOW?

How on earth is anyone supposed to take you seriously dude.

ME: DO I NEED ANYONE TO TAKE SERIOUSLY? FOR WHAT PURPOSE?

Just preach and preach about Buffet and GreenBlatt. Good for you!

ME: WELL, NO ONE ASKS YOU TO FOLLOW. DID I? GO AHEAD TO DO WHAT YOU WANT TO DO. I AM NOT GOING TO CRITICIZE YOU TOO.

Posted by stockmanmy > 2018-02-20 01:16 | Report Abuse

despicable cowards nothing better to do than to delete my posts.

Posted by nighthunter > 2018-03-17 20:33 | Report Abuse

well.. kcchongnz had just made a splendid, honest, motivational speech which clearly shown his great, warm heart, crystal clear! indeed, it's true. i agree with kc. keep up the good job kc. u can be The Last Jedi. let your sword (word) sway thru the darkness, light up, rocket to the sky.
~May the force be with you.~

Posted by qqq3 > 2018-03-17 20:47 | Report Abuse

d by nighthunter > Mar 17, 2018 08:33 PM | Report Abuse

well.. kcchongnz had just made a splendid, honest, motivational speech which clearly shown his great, warm heart, crystal clear! indeed, it's true. i agree with kc. keep up the good job kc. u can be The Last Jedi. let y

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the last Jedi is fiction.....money is real