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    You Too Can Be Rich In Stock Market Investment
    You Too Can Be Rich In Stock Market Investment
    You Too Can Be Rich In Stock Market Investment
    Ebook190 pages43 minutes

    You Too Can Be Rich In Stock Market Investment

    By Wong Yee

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    About this ebook

    In this book, Wong Yee tells you how you can reap profits from the stock market and be rich too. Wong Yee has developed his unique methodology called the Mystic 7 Formula, where you can estimate and index or a stock price’s top and bottom. Wong Yee's unique methods allow one to "see" the stock market movement from his special "chart analysis Formula" . He proves that his methodology works by applying it on an Index and real stocks scenarios. It is surprisingly simple yet proven to be very accurate.

    This proven and tested methodology allows you to capture the maximum profits in any stock you trade with 90% accuracy. This methodology allows you to trade any stocks in any stock market – US, Singapore, Malaysia and Hong Kong. The application of this methodology is simple, easy and yet highly accurate. With this method, you will not make the following mistakes that made many traders lose money:

    1) Chasing the stock price and buying the stock at a high price only to see it fall soon after
    2) Selling too late and see their profits wipe out in front of their eyes

    In addition, this strategy teaches you how to know a stock price has reached its low after it has fallen for a period of time. It shows you how to look for sign of a rebound and get into the stock and make money when the stock price start to rise. Coupled with the proven Mystic 7 Formula developed by master trader, Wong Yee, you will be able to project 5 price levels for you to sell the stock well ahead of others. In this way, you will not be miss the chance to sell due to greed.

    "You too can be Rich" is an eye opener for stock market investors and it is going to make you rich from the stock market once you master Wong Yee's Formula and knowing when to go in, when to take profits and when to avoid the disaster. Thus, how you can be rich too by winning the stock market game.
    LanguageEnglish
    PublisherBookBaby
    Release dateOct 5, 2013
    ISBN9789810778743
    You Too Can Be Rich In Stock Market Investment

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      Book preview

      You Too Can Be Rich In Stock Market Investment - Wong Yee

      International

      Chapter 1 - Global Stock Markets Collapse

      1.1 The Year 2008

      Call it the panic of 2008, failures of major U.S. banks resulted in a global financial crisis that affected banks throughout Europe, causing global stock markets collapsed. It is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.

      On 16 March 2008, JP Morgan Chase & Co. acquired troubled Wall Street firm Bear Stearns for US$2.00 a share, a mere fraction of what it was once worth. Bear Stearns was the world’s largest and most storied investment bank, which once hit a record peak of US$159.36 a share.

      On 16 September 2008, Lehman Brothers Holdings Inc. declared bankruptcy and the Dow dropped 497.32 points, becoming the largest U.S. bankruptcy and the highest-profile casualty of the global credit crisis.

      Lehman was the biggest investment bank to collapse since 1990, when Drexel Burnham Lambert filed for bankruptcy as the junk bond market cratered. Lehman listed US$639 billion of assets as at 31st May 2008 in its bankruptcy filings, putting it well ahead of long-distance phone company WorldCom Inc. which was listed US$107 billion of assets when it filed for bankruptcy in 2002.

      The impact was so great that affected hundreds of banks in U.S. and brought down Citigroup, AIG and Fannie Mae and Freddie Mac as well. The Federal Reserve Board had to put up US$905 billion to save Private America, details as follows:

      Saving Private America cost US$905 billion:

      * For comparison, Singapore GDP at current market price was US$243.2 billion for 2007

      Source: The Straits Times 18.9.2008

      As a result of Lehman dilemma, world stock markets crashed in panic wiping trillions of dollars out of the stock markets. Thousands of investors lost their savings and many were in debts as well.

      Let us look at the following data to have a glimpse of how bad the situation was:

      The catastrophe became a global crisis. At least 43 countries from every corner of the globe pumped massive amounts of money into the global economy. Here are a few of the stimulus plans:

      Such massive bailouts and trillions in stimulus funding prevented the global economy from collapsing.

      1.2 What had gone wrong?

      It began in 1998 when Americans felt that real estate, which still had not recovered from the early 1990s slump, had become a bargain.

      At the same time, banks were making it easier for buyers to get loans. It was transforming the mortgage business, from a local one to a global one, in which investors from almost anywhere could pool money to

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