Back to Basics 回歸基本 by Charles Cheng, CFA   From both an investment point of view and in general, the world is a scary place at the moment. Political risk is high with diplomatic tension between major powers and the potential event ris […]

What is the “best fit” investment strategy 何為“最佳匹配”投資策略 by Charles Cheng, CFA   In previous articles, we’ve emphasized that one of the most important things asset holders can do with their capital is to maintain their exposure to finan […]

Trouble in Argentina 阿根廷困境 by Charles Cheng, CFA     Following surprise Primary election results, Argentina’s currency, the peso, fell around 30% in a single day on August 12th before recovering somewhat versus the US dollar. The […]

圖片來源：Wikipedia，德國法蘭克福證券交易所前雕像   How Much Are We Slowing Down? 目前經濟放緩了多少？ by Charles Cheng, CFA     After a decade of gains from global equity markets without a major economic crisis, investors are justifiably concerned about […]

What’s the Worst That Could Happen? 最糟糕的情況是什麼？ by Charles Cheng, CFA     The decision to put one’s assets in equity markets as opposed to cash, bonds, real estate, or commodities is based on one’s perception of the relative risks […]

Trading On Trade Troubles 貿易困難期的市場交易   by Charles Cheng, CFA     Markets took a tumble in May due to the trade war escalation between the US’s Trump administration and China. The MSCI World Index fell 3.4% between May 3rd and […]

Investing Math Matters 關乎收益的投資數學 by Charles Cheng, CFA 鄭又銓, CFA     The math of investing returns is something easily overlooked or misunderstood for the average investor. But even simple differences in calculation or understandin […]

Inversions 反轉 (債券殖利率倒掛) by Charles Cheng, CFA 鄭又銓, CFA     Markets took a tumble at the start of the last week of March, and the financial press blamed the US Treasury yield curve as the trigger. The spread between the 3 month Tre […]

Interest Rate Decisions 利率決策 by Charles Cheng, CFA 鄭又銓, CFA   Among the many unknowns for investors going forward in 2019 is the uncertainty of the path that interest rates are going to take. Despite the market turmoil late in 2018, th […]

Control what you can control 控制你可以控制的 by Charles Cheng, CFA 鄭又銓, CFA     With the volatile financial markets of the 2018, there may be a lot of uncertainty among investors in making their investing and financial decisions. It is w […]

Comparing the latest market drawdown to previous routs 近期股市的回檔與過去股災的比較 by Charles Cheng, CFA 鄭又銓, CFA   Equity market turmoil continued into December, with the MSCI All Country World Index (ACWI) falling an additional -10.9% by Decembe […]

Learning to accept and embrace market volatility, redux 學習接受並掌握市場波動，重溫 by Charles Cheng, CFA 鄭又銓, CFA     Previously, I’ve written about how keeping the long view helps investors to weather these periods of market turmoil and avoi […]