STE's Stocks Investing Journey

image credit to sginvestors.io Not All Index Are Created Equal I think most of us are using Index as bench-marking against our portfolio’s performance and from time to time, we often hear about buying index as a kind of passive investment. Some financial advisors are even proposing “ DCA” or dollar-cost averaging for Index with “buy and hold” strategy. “The average annualized total return for the S&P 500 index over the past 90 years is 9.8 %.” Guess this is the most “eye-catching” a phrase that often mentioned in the news which is also the most powerful words to attract investors pouring billions of dollars into Index ETFs under the so called a “passive investment” strategy. But remember that not all Index are created equal if the index is added with many “toxic stocks”, such an index will sure underperform than other world indexes.

image credit to sohu.com.cn The  "big four"   state-owned commercial banks are the  B ank of China , the  China Construction Bank , the  Industrial and Commercial Bank of China , and the  Agricultural Bank of China , all of which are also among the  largest banks in the world  as of 2018.  The big four also, the world largest in term of total assets base on 2018  S&P Global Market Intelligence  report. FYI, DBS rank 71st with a total asset of approx. USD$388 Billion.   <Source: Wikipedia.com>

image credit to mothership.sg Millions of people have taken to the streets of Hong Kong over the past few months as protests against the controversial extradition Bill grew into violent clashes between police and protesters. What began as a targeted protest  against a controversial extradition bill in June has transformed into what feels like a battle for the future of Hong Kong. While things still unfold for the event, but it has caused billions of dollars as many businesses been disrupted, billions worth of IPOs been scraped and conference & trade fair have been postponed or cancelled.