@therookieechingchong Saw Mabel's folio, and I really think you are a risk takers for all those counters. I went in to see in the forums, there will be sure your comments. 02/04/2020 6:43 PM
Warren Buffet said "Never invest in a business you cannot understand.”
I suppose everyone have different views in making their respective investments. For me, it is easier if you invest on something that goes in line with the country’s direction and at the same time doing something that will benefits this Country as well as the Global community. I always has this rule of thumb when I made my investments. I do this as it will benefits the people surrounding me and also to the Global Community.
10 years from now as I look back, I want to feel that I was part of these success stories.
Beside KLSE, I have also invested in Technology Stocks in Nasdaq. One of them has 40% of World 5G Deployment across the Globe.
For KLSE, I have invested in 13 sectors. Currently the O&G sector has dropped from P2 to P3 from the 13 sectors. FYI, I have grouped all these 13 sectors into the above 4 Boutiques i.e. Plantation, O&G, Digital Economy and Visit Malaysia Year.
All these companies under these 4 Boutiques give me the pulse of our economy. Current performance in term of margin:
P1 - Plantation P2 - Oil & Gas P3 - Digital Economy P4 - Visit Malaysia Year 2020
It’s just like an F1 Race between Mercedes Benz, Ferrari, Red Bulls and Maclaren.
Rolling coverage of the latest economic and financial news as oil prices jump by more than 30% and the US jobless report reveals scale of coronavirus damage * US president claims oil production cut deal; Russia denies agreement * US initial jobless claims hit record; 6.6m people signed on last week * Earlier: One in four UK firms cut staff levels * Coronavirus – latest updates * See all our coronavirus coverage
13:11 EDT Closing summary: Trump sends oil prices rocketing and US jobless claims soar Donald Trump sent oil markets into an unprecedented buying frenzy on Thursday afternoon, after tweeting that Saudi Arabia and Russia had reached a deal on production cuts. Russia poured cold water on the details, saying there had been no deal, but it still put oil futures prices on track for the biggest daily rise ever. At the time of writing Brent crude futures prices had gained 22%. Here are the other important developments from today: * More than 6.6m Americans filed jobless claims last week, by far the largest number in history and an indication that unemployment could reach a record high. Economists said it was one of the starkest indications yet of the scale of the economic pain already inflicted on the US. * In the UK, the experimental data from the Office for National Statistics said that a quarter of UK companies are already cutting staffing levels “in the short term” due to the coronavirus crisis. * British Airways confirmed that it will cut capacity by 90% year-on-year for April and May and furlough 30,000 cabin crew. * British Gas owner Centrica has joined the ranks of companies cancelling their dividends. It also announced £400m in spending cuts this morning. * National Express cancelled all of its services across the UK. And of course you can continue to follow all of our coverage of the coronavirus pandemic. In the UK, health secretary Matt Hancock says the government has written off £13.4bn of historic NHS debt:
USA biggest OIL PETROLEUM COMPANY ( WHITING PETROLEUM Declared Bankrupt) 1st april ...malaysia oil & Gas yesterday rally is control by the operator ,,, pls walk away to this danger counter . there are so many share can buy ,, Ekovest ,Iwcity ,VS today maybe thier day ...
yesterday and morning is just a rebound caused by Trump's "announcement", if there is now further news from Saudi and Russia confirming the statement, it would probably just drop back to the original level.
Mabel..you appeared to be a very principled person who invest by fundamentals and not emotions...I like that idea...do you have 'group' for me to join in???
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JJchan
7,182 posts
Posted by JJchan > 2020-04-02 18:41 | Report Abuse
https://www.marketwatch.com/story/oil-prices-surge-nearly-10-after-trump-says-russia-saudi-feud-can-be-resolved-2020-04-02?siteid=yhoof2&yptr=yahoo
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