Malaysia

Here are 6 Tips on How You Can Manage your Finances with Investments!! by aqeel ungku

Written by Ungku Aqeel (@ungkuaqeel418 in Stockbit)

How do you manage your finances well?

You've probably met someone who’s had a brilliant career during his/her youth, but eventually becomes less  prosperous when that person gets older. This often happen to people with poor understanding of financial management and did not make any good investments in the earlier part of their life. Facing financial difficulties at an old age  is a serious burden, hence,understanding money management at an early age is important.

Here are some good financial management tips to to help you earn enough where you’re older

1. Set clear financial goals

The first step to good financial management is to clearly define your long-term goals (10-20 year), A well defined goal will give you clear direction for your future which will give you a strong sense of self-motivation to apply good habits of financial management. Such motivation will put you in the spirit of getting a prosperous life that you want in the future.

2. Allocate funds by priority

Begin to make a clear list of how you want to distribute your money. Remember to prioritize your needs over your desires. Prioritizing your needs over desire will help you save money more effectively. The way you allocate your money should be realistic in order for it to be achievable.This allocation is very important and must be done carefully, so that all needs will be well fulfilled.

3. Reduce consumptive habits

Reduce consumptive habits by prioritizing non-desirable needs, as explained in the previous point. Reducing consumptive habits means reducing the amount of expenditure on things that are not important. By reducing this habit, you will be able to save your money for more productive needs.

4. Regularly allocate funds for investments

Reducing your consumptive habits will help you to efficiently accumulate funds for your savings and investments. You can invest in various financial assets such as deposits, mutual funds, stocks, or real assets such as property. Of these financial asset selections, stocks is an investment options that has attractive long term benefits. Other than its lucrative potential, stocks are also easy to get started on as everything, from opening an account to information gathering and trade execution can all be done at your fingertips online

All you need is a smartphone or a computer with internet connection to start making  investments in the stock market. Shares represent long-term investment instruments, so the benefits can also be perceived in the long run.

A simple method of investing stocks as a precursor to managing finances is to buy stocks on a regular basis, weekly or monthly. You can start by buying reputable corporate stocks you know first, because the probability of gaining profit from this stock in the long run is very high. Avoid day trading as it can be psychologically draining. This is due to the characteristic of stock prices that tend to be volatile in the short term. Only apply for long-term benefits.

5. Do it with discipline

The key to successfully financial management is discipline. You need to be disciplined and organized in managing finances. Otherwise you may lose control. Set your priorities. This helps you focus on your financial goals, so we can be more disciplined and more stringent in meeting these financial priorities.

6. Make it as early as possible

Do not procrastinate  implementing good financial management, the sooner you start the greater the benefits you will get in the future.

4 Things You Should Do if Your Share Price Falls when Investing in The Stock Market by aqeel ungku

Written by Ungku Aqeel (@ungkuaqeel418 in Stockbit)

When investing in shares, one would of course we expect the stock prices of was bought to keep rising. But in reality, that isn’t always the case, there will always be periods when your stock price will go down. It is thus, important to remember that stock investments comes with risks, one of which is capital loss. Capital loss occurs when your stock price falls and you sell the stock in a loss position.

So what to do in the event of the stock you bought had dropped?

1. Don’t panic

The most important thing when your stock price keeps dropping is to keep your composure and do not panic, do not rush to buy more just because it is cheap and definitely do not rush to sell at a loss. Take a breather, and look at the big picture (to be explained more in number 2). As a rule of thumb, the money invested into stocks should be a fraction of your disposable income. Do not go all in and invest all your money in stock. Also try to diversify by buying shares of companies from various sectors.

2. Review the company again

Before making a decision to buy more or sell your stock, review the company again. Are all the factors considered still in line with your initial analysis or has something changed? How much does this change affect the company? Are the changes significant enough to stop the operations of the company? Or will it create difficulties for the company to pay its debt? In cases of events that had negatively impact your initial thesis, it might be wiser to sell the shares of the company.

3. Ask & listen to other people's opinions

Sometimes while making your analysis, you may have missed or be unsure of somethings. You can ask other people's opinions, and you should never be afraid to do so. There will always be people who are more experienced, who are more knowledgeable / are experts in a certain area. A different perspective / angle in looking into your stocks go a long way to establish conviction in your investment call. Also listen to news / professional analysts take on both macro and micro news. Stocks sometime move irrationally based on people’s emotion, and in times like these, waiting it out is not a bad idea.

4.  Buy again & be patient

When you have reviewed the company again and have gotten opinions from other investors, and the results shows that your initial thesis and the fundamentals of the company is still good, then when the stock falls lower, it is actually a good time to increase the ownership of the stock especially if you invest in the long term! Sale and bargain hunting is always the best. Now we just need to sit back, relax and wait for the market to be rational again.

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Stockbit

A platform such as Stockbit can help in assisting you to look for other people’s views and opinions on a stock you intend to or already invest in. Stockbit gathers like minded people in the stock market together to learn, discuss and debate each other, all in good spirit, to ultimately give strong conviction on potential investment which will lead to better decision making. Join the investment community today!

Hello Malaysia! Introducing Stockbit by Wellson Lo

Hello Malaysia! Introducing Stockbit: What you should know

Profiting from trading or investing in the stock market is not always easy. Perhaps you’ve read the “Intelligent Investor” book from Benjamin Graham, or perhaps you’ve even paid some money to learn about charting. Whichever style you adopt, there’s a lot to know and there are risks involved. So the more you know, the more tools you have at your disposal to study about the market and the companies, the better your investment decisions will be. And that’s ultimately what Stockbit is here for, to be your perfect sidekick in the stock market.

Originating from Indonesia, Stockbit is a one stop social networking platform for stock investors. We at Stockbit know that we have been of a help to the retail investment community in Indonesia, and now would like to extend our horizon to help investors in Malaysia too! Here’s a brief summary of the features to get you quickly acquainted with Stockbit:

Stockbit Malaysia

1. SOCIAL NETWORK FOR STOCK INVESTORS

Stream

We promise new users will be able to quickly familiarise themselves with Stockbit’s base layout. Why? Because Stockbit has a user interface that’s similar to your favorite social media platforms! Post your ideas, discuss your opinions, attach your charts, $cashtag (our own version of #hashtag) your companies, tag your friends, click like on posts you appreciate, save your favourite posts and scroll through the streams for the latest going ons!  

User Profiles

Like a user? Click on their profile and follow them! Profiles are transparent on Stockbit. All users are able to see what others have posted, the number of followers they have, analyze their reputation etc This increases credibility so we are able to create and  maintain a healthy community truly interested in quality discussions.

2. RELEVANT INFORMATION IN ONE PLACE

Price

You will be able to create your own personal watchlist and monitor all of your favourite stocks including its price movements throughout the day on the Stockbit platform.

News & Announcements

Get all the latest news & announcements from one place. Stockbit will also alert you on real time updates & official announcements on your companies right on your smartphone. Never miss an important update again.

Keystats

A quick & reliable snapshot of any company’s financial metrics & performance to make a quick judgement / decision if the need arises.

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3. COMPREHENSIVE ANALYTICAL TOOLS

Whether you are a short term trader or a long term investor, Stockbit has you covered. Stockbit offers a unique learning experience via its analytical tools. Some of its features are:

Chartbit

Stockbit’s Chartbit tool enables you to analyse price movement and trends using a comprehensive set of indicators including moving averages, RSI, MACD, Fibonacci, Oscillators, Ichimoku clouds and lots more. You can compare price movements between companies, save your personalised layouts and share your analysis with everyone.

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Price Seasonality

You will also be able to enjoy Stockbit’s very own exclusive feature – the Seasonality tool. This unique tool will enable you to see interesting historical price pattern and trend MoM, QoQ and YoY. This feature will definitely give you a few pointers like never before.

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We are also working and will continuously adding more unique and interesting features into the platform.  

GETTING STARTED…

Hopefully all of the above is getting you excited! The next step to join is to simply go to https://stockbit.com/ for the web or download “Stockbit” app on you mobile! Click on the sign up or join now icon, pick either to register from facebook or via email, select your primary market, fill up your details, key in the SMS verification code and voila! you’ve set up your account with Stockbit.

SUMMARY: Stockbit is your perfect sidekick in the stock market!

To sum up, here are some of the advantages Stockbit offers:

  1. Social: Stockbit believes that investment and trading are better done with a community. Retailers do not possess the monetary capacity, nor more importantly, the information like that of big institutions, hence the idea of helping each other to bridge that information gap is very important. Plus, it’s always fun to make more like minded friends and to learn together!
  2. Innovative & Simple: Stockbit strives to be as pleasing to the eye as possible. Furthermore, the platform has the flexibility to constantly improve itself to cover and suit everyone’s needs. We are how we are today due to the constant feedback of our users. Do let us know what we can improve on together!
  3. One platform fits all: Whether you’re new to trading or already have some experience; a short-term trader or long-term investor- Stockbit has the community, information, and analytical tools you need to fulfil your trading and investing needs.

Stockbit is now ready and available for the Malaysian market.