Small Dictionary

子宫颈癌疫苗特别优惠

Some people think animals don't have feelings?

This series of photos is telling the suffering of a poor bird shocked with his partner's fatal injury.

Here his partner is injured and the condition is fatal.

Here he brought her food and attended to her with love and compassion.
He brought her food but shocked to find her dead. He tried to move her.
Aware that his sweetheart is dead and will never come back to him again, he cried with adoring love.
He stood beside her, saddened of her death.

Finally aware that she would never return to him, he stood beside her body with sadness and sorrow.

一场欢喜一场空

2009年2月18号

培训后的那两天里，等待了几个小时，
最后都是一场欢喜一场空，
唯有默默的难过的离开了。。。

What Is A Bond

1. What is A Bond?
2. Interest Rate
3. Inflation
4. Credit Quality
5. Why Invest In Bonds?
6. What To Watch Out For When Investing In Bonds?


What is a bond?
A bond represents the debt owed by either government units or corporations. By investing in bonds, you basically become the lender to the issuers and you will be paid a specified percentage of interest.

This percentage of interest is called coupon payment and it is given to you by the issuer because of the use of your money. At the end of the maturity date, you will get back your principal. An example to quote is the Bond Simpanan Merdeka 2008 issued by Bank Negara for the senior citizens, which has a three-year tenure and pays 5 per cent interest per year. In Malaysia, the main issuers of public debt are the government of Malaysia,Bank Negara Malaysia), and quasi government institutions (Khazanah, Danamodal and Danaharta).Private debt securities and asset-backed securities are issued by the National Mortgage Corporation (Cagamas Bhd), financial institutions and non-financial corporations. The major investors in the Malaysian bond market are the Employees Provident Fund (EPF), pension funds, insurance companies and other financial institutions.

The price of a bond is determined by many factors, with the main drivers being interest rates, inflation, maturity and credit quality.

Interest rates
Bonds are highly sensitive to interest rate fluctuations. When the prevailing interest rate goes up higher than the coupon rate, the prices of the outstanding bonds will fall below the principal value. If you are buying a bond fund, higher interest rates will cause lower fund prices.

Inflation
During periods of rapid economic growth, we will see increasing inflation. This will eventually lead to higher interest rates and cause a drop in the value of bonds. Deflation, the opposite of inflation, may occur when there is a recession or prolonged periods or little or no growth and excess capacity, will eventually lead to zero or negative real interest rates, causing the value of bonds to rise.

Maturity
Due to the sensitivities to inflation and interest rate fluctuations, longer term bonds will face more uncertainties compared to shorter term bonds. As such, longer term bonds should offer better interest payments as the additional risk premium for the investors. Nevertheless, they will suffer larger price fluctuations as a result of the longer period they take to mature.

Credit Quality
When we lend out our money, we want to make sure that we will be able to get it back. Therefore, the credibility or credit quality of the bond issuers plays an important role in the bond price. A corporate bond will have a higher yield than a government guaranteed bond due to the additional risk that the investor has to bear for facing the possibility of the corporate bond defaulting. The recent global financial crisis was partly attributed to the decline in credit quality for certain corporate bonds.

Why Invest In Bonds?
Investing in bonds offers an alternative to investors to diversify their investment portfolios because it is relatively lower risk compared to stock investing. As bonds provide periodic interest payments and repayment of principal at the end of the maturity, it will be suitable for you if your investment objective is to preserve capital and receive a predictable stream of income. Depending on your investment time horizon, you can choose to invest in short-, medium- or long-term bonds.However, you must understand the factors that drive the price of the bond that you invest in. Bond funds are combinations of various bonds, therefore, the risk of investing in bond funds is relatively lower compared to individual bonds.

What To Watch Out For When Investing In Bonds?
Watch out for the interest rate especially if it is too low or unstable. Avoid speculative bonds. Even when you are investing in bond funds, make sure that the bonds in the portfolio are investment grade, which carries a credit rating of “BBB” and above. Bonds with rating of “BB” and below are considered “high yield” and below investment grade.Bonds are suitable to complement stock investing.

道琼斯跌新点了

2009年2月20号

很多人以为全球经济風暴都是从去年中爆發开始的，甚至是很多媒体把很多负面报导都埋葬了或过于乐观。如果根据三年里的图表报告，全球经济风暴很明显地从美国经济在2007年10月从高峰14198点数一直下滑到现在七千多点，都不知道多少钱已被蒸发了，不能以兆计算了，只能以天文数字取代，到底所有的钱去了那儿？

只不过，这蝴蝶效应在大馬上市公司負面衝擊来了比较缓慢而於去年大选后才開始顯現。说真的，很担心今年2009年肯定對我国经济不利和侵襲高峰期，每个企業公司盈利肯定是陷入負成長窘境，惨不忍睹。

今天，亲眼见证了道琼斯工业创了新的最谷底7311点数了，在人身中应该是很少有这机会目睹这情境，历史见证人。我想，应该有很多大富豪都非常慌张吧，他们每天都坐立不安。因为，现在的卖压实在太大，他们不能坐以待毙，不能袖手旁观，也不能以静制动，一不留神，革天随时都会宣布破产，而导致上班一族也随着跟老板丢了饭碗。

更悲哀的是，最近我国的政治家都把国家搞到一塌糊涂，斗权斗力，为名为己，明争暗斗，真是很过分。如果这依然沿续没有改善，那么我国的经济雪上加霜，最后人民苦不堪言。

我国的政治家真是太泛滥了，所有都目无法纪，到底我国真的是否有能力度过这难关吗？不敢看，不敢去想。。。我好想刮大:p

祝君好

2009年2月14号，

独自在附近观赏了一套好看的电影后，
打包食物回了自己新家躺着沙发看杂志听radio，
而就这样渡过了一个晚上。
当然祝福大家这一天会过的比我好。

满江红

2009年2月12号

今天，看到财经网站所显示国际股市指数行情就如所预测是一片满江红 ！

其实, 一直以来就是不相信最近的指数，能够从7845点在两天内迅速升到8315点数，大约升了470点。

不过，当美國新任财长宣布的2兆美元振興經濟当天就立刻挫跌接近381点或接近4.6%。正是相反的，因为整个金融体系里财长没有详细透露計劃细节而令投资者失去信心，感到憂慮而促使成国际股市兵败如山倒。实在很恐怖，就是因为这样，金融危机风暴继续连续发生扩张到现在还是信心问题存在。






从以上图看，很难想像到，当美国宣布金融抒困方案的时候，现今指数7788点数竟然很接近去年跌进谷底的7449点数。不知道过了星期五收市后，指数是否会跌穿去年最低指数呢。

怎样也好，全世界经济衰退就是事实了。
中国的1月出口暴铁17。5%，而我国12月出口挫14。9%创7年大跌幅，
进口也不例外，挫了23。1%，证明我国购买力也弱了。
反观报刊所报道经济学家预测萎缩超预期，好像很自我安慰的。
很明显地，全世界的经济都被金融危机影响衰退着，那里有超预期呢。
就算是我工作的银行公司把大部分的业务都注重于亚洲也被深受影响，
难道其它银行不会被受影响吗？
而且，不知为何感觉上我国的股市好像仍然能够逆流而上？

还是一样，认为目前我国的政客依然顽灵不堪玩着火，忽略振兴经济措施，处于乐观楚河世界了，如果还不加于理会，真的会很担心我国经济会突然心脏病爆发。。。


这牛是来之华尔街世界金融业中心。我们就拭目以待奥巴马能够牛转乾坤吧。