Prediction last week was correct. Market was sideway. What’s going to happen next? Dropping volume does not bore well.
Alot will depend on regionally and US performance.
Straits Times Index
Archive for June, 2006
For historical reason, most of my cash investments are with finatiQ. The reason is because finatiQ started off as the first (and only) attempt to be a fully online bank in Singapore. I brought into the indea and moved most of my cash there.
When it lanched in around 2000, it offered the highest interest rate among all the banks for fixed deposit. Now its cash deposit interest (1.38% p.a) is even higher than fixed deposit (0.75% p.a).
Things I like about finatiQ
- Easy transfer of cash between OCBC which I have an account. (Bank of Singapore is owned by OCBC)
- Fixed deposit. Nice option but not attractive enough to see a need to use it.
Things finatiQ can improve
- Portfolio information is too minimal. One point I take issue with is the lack of buying price, date brought and return.
- Navigation. I have no idea where to look for information I want.
Of the 3 online unit trust retailers, Fundsupermart (FSM) is my favourite site for unit trust investing in Singapore.
What I like about fundsupermart.
- Good, informative, original articles. Unlike the other sites, FSM has editors that research and write articles. This set them apart from sites that uses fund managers stories. They also publish a magazine. Having SPH as an investor does shows.
- Simple and easy to use user interface.
- Good set of functions to search, compare and chart funds.
- Only unit trust site with a forum. This actually show that FSM “get it” when comes to online interaction and leveraging the online media to reach out and create community.
- SGS bonds. Though I don’t buy them, they are a good concepts and add to the investment mix. This and beening the first CPFIS Investment Administrator show that They are creative in delivering value to customers.
What fundsupermart can improve on.
- Articles are getting more “markety“. More objective and well-researched article please.
- Function to chart investment over time.
- Graph or table to compare invested amount against CPF or bank return.
NASDAQ Composite
TSEC weighted index
Similar rebounce in Japan market last week. Expecting it to consolidate sideway or even drop.
Nikkei 225
World Cup and Stock Market Performance
It is natural to speculate that the stock market performance is correlated to the world cup performance.
A research paper seem to support this speculation. Linking investor mood and market performance. They found economically and statistically significant market decline after soccer losses.
When Japan lost on Thursday night (22 Jun), the Nikkei did open with a drop in the morning.
So Korea was knocked out of the Word Cup by the Swiss on Friday night (this morning in Asia), let us see how the KOSPI perform on Monday.
Not only is the match result is affecting the stock market, the stock market is also affecting the match. World Cup Blog linked the performance of the Saudi players to their home stock market performance.
On the other hand Ukraine has much to smile about, their team is through the first round and their stock market has raisen 588% in the last 4 years.