Lin Benli_Stand in the atypical bull and bear market_Hong Kong and Macau limited

Author: Lin Benli Publisher: Bright Culture Book size: 150mm x 210mm Number of pages: 184 pages ISBN: 978-988-8820-09-2 Publication date: June 2022 【brief introduction】 This book contains column articles during the "atypical" bull and bear market, mainly discussing how investors should deal with the situation of fluctuating market conditions and the planned delisting of the US Federal Reserve, absorbing at low prices and diversifying risks, in the face of uncertain political and economic prospects. In a clear environment, it can still add value to assets and outperform the market. The book is divided into five chapters: Chapter 1 "Atypical" Bull Market and Bear Market: The Hong Kong Stock Exchange began to introduce a large number of technology stocks and Chinese concept stocks in 2018. In addition, the Hang Seng Index Company launched a technology index and reformed the HSI, which expanded the volatility of Hong Kong stocks and caused the emergence of "SARS". "type" bull market and bear market, and ultimately caused heavy losses for many small shareholders and index ETF investors. Chapter 2 "Investment Strategy in a Low Interest Rate Environment": The US Federal Reserve has implemented unlimited quantitative easing, the interest rate is at an ultra-low level, and the bank deposit interest rate is close to zero. How should small investors and retirees deploy in a low interest rate environment to increase returns and generate enough cash flow to meet their living needs? Chapter 3 "Housing Policies Control Property Prices": Since the Central Plains Index rose by 180 points in 2018, the author pointed out that in Hong Kong, it is only advisable to buy a property for self-occupation at low interest rates, rather than investing. In the past few years, the property market has fluctuated within a narrow range of 10%. After the Chinese New Year, the rate rose every year, peaked in the middle of the year, and almost fell back to the original level by the end of the year. This chapter reviews the housing policy of the SAR government after the handover in 1997, and analyzes the housing problems in Hong Kong. Chapter 4 "There are many problems with the Hang Seng Index": As early as 2020, the Hang Seng Index Company proposed to reform the Hang Seng Index. The author pointed out that the reform will only push up the Hang Seng Index for a short time, and then the Hang Seng Index is bound to tumble. I call on students to sell clear profits above 29,000 points. Rich Fund. In recent years, Hong Kong stocks have been reduced to ATMs, and their performance is far behind other markets. All stakeholders in the financial sector should reflect on it. Chapter 5 "Investing in U.S. Stocks to Diversify Risks": Since the sharp decline of U.S. stocks in March 2020, the author has begun to invest in U.S. stocks. Initially only subscribed for index ETFs, and then purchased industry ETFs and individual stocks, hoping to outperform the market. As a first-time brother, the author shares a little experience in investing in U.S. stocks in this chapter. Attached is "Lin Sir Comics". In August 2021, Hong Kong stocks fell into a technical bear market. The author began to use comics to satirize Hong Kong stocks as ATMs on my Facebook page (Li Cai Notes). Investors are reminded not to fall into the trap. 【About the Author】 Dr. Lim Benley Founder of Livingword Education Center (www.livingword.edu.hk) Economist in Hong Kong, specializing in public utility regulatory policy and business management. He graduated from the Department of Economics of the University of Hong Kong in 1984 and completed a master's degree in the Department of Economics of the University of Hong Kong in 1988. In 1995, he completed his Ph.D. at the University of Bristol, UK. In 1989, he taught at the Department of Business at the Hong Kong Polytechnic (later Polytechnic University). In office until 2011, the rank is associate professor of the School of Accounting and Finance. He has joined several government advisory committees or research groups, such as the Energy Advisory Committee, the Arts Development Advisory Committee, and the Central Policy Group Transportation Economics Research Group.