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- Scripophily: An Intriguing Hobby - 31 December 2008
- Freddie Mac and Fannie Mae Placed Under U.S. Government “Conservatorship” - 9 September 2008
- The Controversial Efficient Market Hypothesis - 6 June 2008
- Adapt Your Financial Planning to Emerging Market Challenges Now - 29 may 2008
- Two-in-One Stock - 22 may 2008
- The Liquidity Imperative for Financial Planning Today - 11 April 2008
Scripophily is a specialized field of numismatics (the study and collection of currency) which focuses on the study and collection of old bonds and stocks. What makes scripophily particularly interesting is the historic context of each document, as well as the artistic design and intricate detail on many of these valuable documents. Scripophily first gained recognition as a hobby in the early 1970s, with the word being coined from a combination of the English word “scrip” representing a certificate or substitute for currency in which the payer and payee recognize its value, and the Greek word “philos” meaning to love, and has grown to include thousands of collectors worldwide.
In what has been described as the world’s biggest emergency nationalization ever, the U.S. government stepped in once again to rescue ailing mortgage giants Freddie Mac and Fannie Mae. However, this time round it is not just a bail out, but a complete take-over, or what authorities are calling a “conservatorship”. Understandably, Freddie Mac and Fannie Mae shares took a plunge, but the general market rally yesterday may indicate that many investors are hopeful that this move by the federal government could mean the end of the ongoing credit crunch.
The Efficient Market Hypothesis (EMH) asserts that stock market efficiency ensures that prices on traded assets – stocks, bonds and property – are a true reflection, at any given time, of all available and relevant information. This is to a great degree based on the argument that in an active market, which includes numerous intelligent and well-informed investors, stocks cannot fail to be a reflection of all available information and therefore will be appropriately priced. This being the case, according to EMH, it is impossible to use market timing or expert stock selection to outperform the overall market.
Time is running out. Our national pre-occupation with interest rates is misplaced. Sovereign Wealth Funds lurk behind the smoke-screen. The media is full of Microsoft and Yahoo. Who will spare thoughts for China, Kuwait, and Dubai? Singapore also has a Sovereign Wealth Fund. However, this city state can be relied upon to be entirely business-like. Kuwait is ruled by a single family. The Sovereign Wealth Funds of China are controlled by the State. Neither royalty nor communists think of the stock market as you and we.
Forget what you have heard about eggs and omelets. It is the same with having cakes you eat. The stock market lets you profit with safety. There are stocks which pay as reliably as bonds. It is like fishing. You have to be lucky or skilled. Either route lands you some incredible stock catch.
Cash is always king of the financial planning world. Its dominance as a priority has been heightened of late. Nothing can be as cramping as losing liquidity in a volatile and inflationary market environment.
- Video: China Holds Off on Property Tax as Tool to Cool Market: Video
- Monday 15 March 2010, 6:43 am - Video: MF Global's Burmester Discusses Australian Stocks: Video
- Monday 15 March 2010, 5:11 am - Video: Zeti Says Countries Should Decide on Own Currencies: Video
- Monday 15 March 2010, 3:32 am - Video: SG Asset's Fong Discusses Chinese Consumer Stocks: Video
- Monday 15 March 2010, 3:19 am - Video: Lee Says ASM Pacific Technology to Add 1,000 Workers: Video
- Monday 15 March 2010, 2:59 am - Video: Korn Says Thai Anti-Government Protest `Under Control': Video
- Monday 15 March 2010, 2:30 am
- Legislation Proposed to Regulate Financial Advisors
- Monday 8 March 2010 - Features - Sarbanes-Oxley Act – Protecting Investor Interests
- Thursday 4 March 2010 - Markets - Fairtrade – Promoting Sustainable Development
- Monday 1 March 2010 - News - Three Pillars of the Basel II Accord
- Thursday 25 February 2010 - News - Final Week of February May Prove Challenging on Wall Street
- Monday 22 February 2010 - News - BCBS and the Basel II Accord
- Thursday 18 February 2010 - News

everton rhoden: who is incharge of stock in friench guyane...
www.stockmarkets.com/blog/january-ends-on-low-note-dragged-down-by-techs