YEAR 2016. My TOP 10 Books for GREAT WEALTH

In the beginning of the Year 2016. I have hand pick my TOP 10 books for Great Wealth Creation. The list is shown below:

1. The One Minute Millionaire by Mark Victor Hansen & Robert Allen
2. Multiple Streams of Income by Robert Allen
3. Nothing Down for the 2000's by Robert Allen
4. Rich Dad Poor Dad by Robert Kiyosaki
5. Secrets of the Millionaire Mind by T. Harv Eker
6. God wants you to be Rich by Scot Anderson
7. Think like a Billionaire become a Billionaire by Scot Anderson
8. Millionaire Habits in 21 days by Scot Anderson
9. Cash in a Flash by Mark Victor Hansen & Robert Allen
10. Think and Grow Rich by Napoleon Hill

With these 10 books, I am going to summarize the core principle and put it into my pocket book. I will reveals these principle on a regular basis to make sure I am on the Right Path to Rich. I am confident this principle will work. As all the above Author are Rich and Wealthy.


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Macao Millionaire Doctor Club

Preparing for Financial Turmoil in 2016

Lately I had renewed my Aud term deposit to another 6 months term with an annual interest of 1.625% which is a bit lower than previous. The reason for this is I have just setup a line of credit (overdraft facility) to use the Term deposit as collateral for a OD loan of $800,000 HKD at an interest rate of 5.25%p.a. This loan will give me buying power during the really bad times. I intent to use this money in Stocks index ETF and REIT. When the market collapse hard, I am  going to buy large amount of Index ETF especially Hang Seng Index at a bargain price and I intented to hold it for long 1st for Cashflow and 2nd for capital gain when the market resume it bull trend. Also I have just switch my Pension fund account to Cash in order to prepare for the coming crisis.


Article by Macao Millionaire Doctor

Oil and S&P 500 position review

It has been a while since I opened Long position on OIL and Short position on the US S&P 500. It seems to me that both position is taking time to mature. The oil market is still relatively oversupply despite the cut down in expense in big oil company, I guest it will take some time for the oil market to rebound. And for the S&P 500, I am still bearish on it. On the SPY chart, it is still below the 200 day MA. I guess it really need more time. I expected financial crisis to come in few months to a year time. So keep holding my Short position in SH is the best bet. BTW I am going to open up another line of credit facility in the near future, using my Aud Dollar term deposit as collateral. It will give me more buying power when financial crisis arrived. I am preparing for the future.


Article by Macao Millionaire Doctor

Add to SH position

Purchase extra 550 shares of SH at price $22.65 today.

Completion of UK Student Accomodation Property

After about 1 year of waiting. My Glasgow student accommodation property was finally completed and settled. It should provides an additional Cashflow of GBP 5,500 per year (Before tax) to my Assets Column. And at the same time, I had notice generalized global market bearish. I could feel the time for global market melt down is coming. Especially for the US market., it has been in bull market for 6 year plus. So I have chosen to short  the US stock Market by buying into SH. I have sold my original TLT position with a very small profit. It's been almost 2 months since my last post, as currently I have entered into Gastroenterology Training since 1st of July. I have been busy with my career lately.

Macao Millionaire Doctor Club

OIL LONG POSITION COMPLETED

Last Week I have completed my LONG position in OIL. I have purchase in total 8300 shares of USO with an AVG price of $20.00. Most of the money for this investment come from selling my A50 2823 shares. Currently I have no shares position in Hong Kong or China.

Article by Macao Millionaire Doctors Club

Breaking Even with Trading

Last Week, we had seen the Biggest weekly drop in the A50 2823 ETF about 12% drop in 1 week. That is the biggest drop since the begining of uptrend. It had also break the 1 month low support level at 14.6. With my Avg Entry price at 12.16, I have decided it is time to lock in my gain. I have sold my entire 44000 shares on MONDAY 2015/06/22. I sold it when the market open at a price of $14.42. Which had netted me a gain of $90000 plus HKD. An ROI of about 18% on investment. With this profit in mind, over my last 10 years in stock trading. It had made me ahead of the game again, with a Net Profit over 10 years period of about $20000 plus HKD. With this I am still happy about the result. Although I have aim for more, around half a million profit. But I think it is time to lock in profit in uncertain time. The money I got from selling the share to go to Oil investment. I will update the oil investment bar on the Left shortly. To be honest, It is an important milestone for me in trading over this 10 years going from negative and back to positive territory. It is not easy and I will definitely cherish my money in future trading much much more.The main reason for me to come out ahead in this game is I have limited my losses and Ride on my gain. Article by Macao Millionaire Doctor