Maybe I am wrong

Oh no,

I forecast wrongly in the price of gold, previously I said it will fall down under 820, but now the price is in upturn and tend to vary for a next few months, meanwhile, it's very interesting to speculate on gold as well. Let's see the graph below, the gap between high and low are more that 100 dollars, it shows the variation of price is very high and significant movement of fund which invest from stocks to commodities.




Next, we have to wait for the situation of financial crisis. I will monitor closely and try to update the situation.

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Gold Swing

Hi,

I interrupt you by bringing the situation of gold price first. Over the recent two or three days, the gold price rather furiously vary in downturn. Many people must queue to wait for buying the gold, and be limited to buy not more than 50 Baht/person. Now, Sep 12 2008, the price is standing at 763 dollars/Oz which is very interesting. The trend of global fund is going into this direction and I believe it's indicator to prepare to look for a good opportunity to come in.

Graph below, I show you the gold price history, period 1-12 Sep,08 and year 2000-present. If you are the technical analyst, I believe the price can continually drop but the price goes up due to the immediate demand of customers. I realize that the real price of gold should be about 720-730 Dollars/Oz. If it hits at that price, certainly, I must have bought it.

Are you ready to be rich?

Hi,

No need to introduce, I'll continue to my latest topic.

My portfolio was separated into 3 parts,
1. Saving Account (5-20%)
Try to find bank where propose you the highest interest and convenient for you.
2. Stock Market (60-80%)
I am holding 4-5 stocks now, actually, many of trading stocks in Thailand strongly outperform but the market value of stocks still was deeply low due to mostly the government issue. For this issue I will tell you later on next time.
3. Gold Trading(10-20%)
I don't buy gold for keeping but for speculation. Personally, I think it's my hobby, just now. In the future, I may increase this portion more so as to reduce risk on my capital.

I am looking forward the result in one year which is my desire to test my belief on global market power. As I told, I had lost money about 50K Baht for stock market. Sometimes I made decision
rightly but not every time. My mistakes usually were caused by fast decision, low control of mind and many reasons.

It's seem to be very risky on my strategies of investing. However, I confirm you that it must take much time. I experience of stock market for about 3 years, a short time. I suggest you that try to search the opportunities over the loss ,even if it doesn't show you the profits right now. Be sure in stocks you choose. (I strongly recommend Blue-Chip Stocks.) and not be sad if outcomes are not good.

See you soon.

First Step to Next Step

VoVo

How are you doing? First Blog for me.My objective of my blog may not specify on particular stuff.

Now I'll begin with saving plan or the other word is how to save your money.In Thailand, people usually deposit money and wait for interest.More interest, you may buy government bonds or open fixed account,3,6 months up to you.

But for me, it's absurd. I believe we can get more. The power of money is more than you think,and do not waste your time on money. Just let money work for you. Often you can hear this word,I am proving this statement is true or not.

By what?
Experiment by myself. Many people invest their money on share market or gold market.I am one of those who seek the chances and wealth.

Honestly, until now I still lose, loss a lot in stock market about 50k baht.Get a little profit from gold trading, totally the balance sheet is red and very red.

You shouldn't be scared of these things I told you. I have a faith in the power of fund. Just withstand and wait the right time. It's easy to say but hard to do.

I don't argue that because I am one of those who cannot do like as said. Experience by yourself or learn or study by practice, it's the best way to make you understand quickly. Certainly, no disadvantages are impossible, you might hurt or be sad or disappointed.

It happens to me so much that I can accept it indifferently.Next time, I will tell you about my way, my style about saving money.

Good luck in you.