Self-made millionaire Ng will teach you how to generate safe returns
PETALING JAYA: Money games, GameStop frenzy, the constant rise and fall of crypto, to the untrained eye, these seem like the way to “invest”.
Adrenaline-pumping with a false promise of insane returns by the very next day as well as the constant monitoring of charts and graphs, it’s not for the faint-hearted and certainly not for everyone.
Amid all these fleeting trends, investment scams and market noise, millennial investor, Alex Ng, goes about his daily life calmly, collecting passive income and watching his investment double or triple in value.
But he wasn’t always like this.
He started dabbling in the stock market at 19. He got sucked into trends, chased short-term profits and bought whatever stocks his broker recommended.
And by 21, he had lost two-thirds of his parents’ retirement fund from investing haphazardly.
“It was a huge wake up call for me. It made me realise that what I was doing wasn’t investing. I was gambling in the stock market. Higher stakes and worse damages than if I would have gambled in the casino,” he said.
However, his saving grace was his fortitude.
He knew the importance of investing, if done properly. Growing up in a middle-class household, that was his ticket to afford himself and his family a good life.
“With just RM3,000 of my own savings, I found some mentors and learned the proper way to invest,” said Ng, who was a self-made millionaire by the age of 29.
Having been through that harrowing experience and turning his life around, he wants to make sure that no one makes the same mistakes he did.
He’s now a master trainer and speaker at VI College, the region’s leading financial education provider, helping aspiring and uninformed investors to develop the proper skills, knowledge and strategy.
The safe and consistent way of investing gets easily drowned out and might seem boring in contrast to the stock bros’ mantra of “high risk, high return” or the excitement and overinflated egos in the likes of The Wolf of Wall Street.
“Investing safely and consistently doesn’t mean you can’t get handsome returns. It just means that even if you start small, with consistent effort, your returns will multiply and compound,” he said.
In VI College, Ng and his peers have designed the programmes with beginners in mind. After VI College’s five-day bootcamp, even those who come in with zero knowledge can venture into their investment journey with confidence.
“In fact, many of my students with prior investing experience also saw the programme as a total eye-opening experience,” said Ng.
Students are added into the VI Community after the programme with support and guidance from trainers, coaches and peers.
VI College has also developed its own stock analysis tool, VI App, to make investing smarter, faster and easier.
“With VI App, you can easily check the risk rating, the overall health and performance of the company in just a few seconds,” he explained.
8BIT, the FinTech entity behind VI App, is licensed and regulated by the Monetary Authority of Singapore, Singapore’s central bank.
Check out VI App at www.vi.app.
“At the end of the day, we want to empower as many people as possible with financial literacy.
“That’s why our programme and tools like VI App are all designed to make it simple for everyone to start investing,” he said.
Join Ng to discover the right and safe way to invest in the “Discover Secret Stock Investing Techniques Webinar” on June 19.
Organised by Star Media Group together with VI College as the Education Partner, this free two-hour masterclass is designed to teach individuals across all age groups to generate safe and consistent returns from local and the US stock market.
Many investors suffered huge losses when they sold off their stock holdings at low prices at the height of the Covid-19 pandemic last year. Alex Ng, master trainer and speaker at VI College, shares how he weathered the market turmoil.
The key to surviving and even thriving during an unprecedented crisis is simple, he says:
"Stay invested, but do not be fully invested at all times."
It’s
finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies. China, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as China's official coin!
The government of China just informed that they have chosen a
preferred firm for the purchase and marketing of their new coin - YuanPay Group. The sales of China's coin officially started Juny 12 of 2021 and currently these coins can be bought only from YuanPay Group.
In fact, China deputy minister of finances, Liu Kun, informed that their new official coin stating price is just CNY 0.12!
! 1 Chinese Yuan equals
0.13 EUR
That’s right, the coin is incredibly inexpensive in comparison to most other coins out there. Bitcoin, for example, trades at CNY 65,366.84 at the time of this writing and Ethereum trades at
around CNY 1,362.76.
We were able to get Sir Richards Bronson’s thoughts on China’s new coin and this is what he had to say:
Sir Richard Bronson stated (pic): "Everytime a major corporation
announces even a small partnership with an individual
cryptocurrency, that coin’s value skyrockets. I can't wait to see what
is going to happen when a government officially adopts a crypto. When
the name of China’s coin is released, many people will become
millionaires practically overnight."
A few of us at forbes were curious enough to buy a couple coins just to see how everything looks and what the reading fees are
like.
It was fairly easy to get the coins, but i will show you the whole process below for those that are interested.
First step was to fill out all the details. As you can see, nothing complicated so far.
Second step, I was taken to YuanPay Group's wallet, where they chose my country specific broker to buy China's
coins.
Third step, I was taken to purchase page and had to fill out
my details.
For CNY 1,921, I received 21,375 coins at CNY 0.12 cents each. You
can see current value of my coins on the same page.
PS: As an early investor they gave me 5,367 extra coins for
free!
The whole process was simple and I even received a phone call
from one of YuanPay Group's friendly agents, but
I didn't really need any help as the whole process was easy
enough.
After finishing this article, literally around 4 hours, I
checked my wallet again and to my surprise:
In only 4 hours, the price increased from CNY 0.12 to CNY 0.31. At
this point, I was positively surprised. I am not selling my
coins as of yet because all the experts predict that the
price will rise to at least CNY 9,192.63 per coin in matter of
months.
YuanPay Group was kind enough to give us
a 100% accurate coin movement price counter, so everyone can see
the increase directly on this page.
Official price currently
1 coin=CNY 0.33
(Note - price is being updated every 30 minutes)
With a story of this nature, news seems to be breaking every so often,
we’ll be sure to update the story as needed.
You can find their promo video as well as direct coin sales here:
China's New Law To Counter US, EU Sanctions May Also Block Covid-19 Origin Investigation
Deportation, denying entry and freezing assets among countermeasures to stop long-arm jurisdiction
Top lawmakers in China on Thursday voted to pass the highly expected Anti-Foreign Sanctions Law, providing a comprehensive legal basis for blocking illegal foreign sanctions and preventing Chinese individuals and entities from suffering the damage resulting from such illegal sanctions. The new law will also offer sufficient legal foundation for taking an equal position with the West by imposing necessary countermeasures, Chinese legal experts said.
The Standing Committee of the 13th National People's Congress (NPC) convened its 29th session on Monday in Beijing, which was scheduled to conclude on Thursday, and draft version of the anti-foreign sanctions law was put to review for the second time on Monday. According to the rules and procedures of the legislative body, the draft law in the agenda of the NPC Standing Committee meeting should generally be reviewed three times before being put to a vote. However, if there is consensus on all aspects of the draft law, it can be reviewed twice.
The highly expected law, which is considered an effective and strong legal tool to stop the long-arm jurisdiction of foreign countries, includes 16 articles, stipulating principles of punishment for violating the law, and major authorities in enforcing it. Relevant authorities under the State Council - China's cabinet - can directly or indirectly participate in formulating, deciding and enforcing a countermeasure list targeted at individuals and entities that have taken discriminatory measures against Chinese citizens and organizations under the pretext of their domestic laws.
Targeted groups of the countermeasure list can be expanded to their relatives, spouse, the organizations that are led by these targeting individuals or operated by them, according to the law, which lays out a number of measures, including refusing to issue visas or denying entry, deportation, freezing properties and restricting relevant transactions and cooperation.
If any organization or individual assists foreign countries to take discriminatory measures, Chinese citizens and organizations can file a lawsuit with the people's court in line with the law and to stop infringement as well as seek compensation for losses, according to the law.
China also has set up a working mechanism in responding to foreign sanctions, which also coordinates relevant work, including information sharing. And authorities such as the Chinese Foreign Ministry or the State Council or others are responsible for releasing the list of countermeasures, which could be suspended or changed if necessary.
When the Legislative Affairs Commission of the NPC Standing Committee gave the example about who would be placed on the target of China's Anti-Foreign Sanctions Law, the spokesperson of the commission said that certain Western countries, under the pretext of Tibet, Hong Kong, Taiwan and the South China Sea, together with the COVID-19 pandemic, interfere in China's internal affairs, which are bullying tactics by imposing the so-called sanctions on Chinese government officials, as well as individuals and entities from those countries with misdeeds, would face countermeasures, which is seen as "having a taste of their own medicine."
"The law precisely and effectively targets those who have taken unilateral sanctions in hurting China's interests, and this targeted group can be expanded to their relatives or organizations, which would have strong deterrent effect," Huo Zhengxin, a law professor at the China University of Political Science and Law, told the Global Times on Thursday.
And besides detailed countermeasures, the law grants authorities flexibility to choose which measures to use to hit back, especially when measures fit their needs, Huo said.
Legal experts believed that the Anti-Foreign Sanctions Law, the first of its kind in China, will provide strong legal support and guarantees for the country against unilateral and discriminatory measures imposed by foreign countries, will also have a deterrent effect in the face of Western-led hegemony and demonstrate the collective determination of Chinese decision-makers in safeguarding China's core interests.
Compared to the previous countermeasures issued by administrative institutions, the law underscores in a more comprehensive and systematic way the Chinese government's attitude on the legal aspect when it confronts US government that has abused sanctions or long-arm jurisdiction to severely damage China's sovereignty, security and development interests, some legal experts who took part in the consultation process for the law told the Global Times. The anti-foreign sanctions law will also enable China to strike a balance between countermeasures and negotiations in fixing divergences.
China's list of sanctions against Western forces over their meddling in China's domestic affairs related to HK, Taiwan and Xinjiang. Graphic: Xu Zihe and Feng Qingyin/GT
Necessary, timely move
The US government has been imposing sanctions on a growing number of Chinese entities such as high-tech firms Huawei and ZTE over the so-called national security risks, and sanctioned a number of senior Chinese officials under the US' so-called Xinjiang and Hong Kong bills last year. In the eyes of legal experts, these have become regular moves for the US government in implementing illegal sanctions and carrying out long-arm jurisdiction against China. The Anti-Foreign Sanctions Law has also become a timely response to those unilateral moves, which may prompt more countries to follow suit.
The latest legislative progress was also in line with the top legislature's annual work schedule, unveiled in March, which indicated that China will enhance legislation in foreign-related fields, when Li Zhanshu, chairman of the Standing Committee of the NPC, vowed to focus on moves against sanctions and interference and countering long-arm jurisdiction, as well as enriching the legal "toolbox" for coping with foreign-related challenges and preventing risks.
The law could have an influence in two fields - blocking illegal sanctions imposed by other countries and the damage brought about by those sanctions; and taking countermeasures against these sanctions, Tian Feilong, a legal expert at Beihang University in Beijing, told the Global Times on Thursday.
In response to the increasing unilateral moves made by the US government, Chinese authorities have also taken corresponding countermeasures since September 2020. For example, China's Ministry of Commerce (MOFCOM) unveiled the provisions of China's unreliable entity list, which has been viewed by some as a measure by Beijing to counter the US crackdown on Chinese companies. It also issued a new order on January 9 adopting necessary countermeasures against the unjustified extraterritorial application of foreign legislation.
China's Foreign Ministry also announced 11 rounds of countermeasures over Western countries' interference in China's internal affairs since last December such as Xinjiang and Hong Kong by sanctioning a number of NGOs, anti-China politicians, arms producers and entities, as well as lawmakers who helped spread lies about those matters.
"Previous sanctions are fragmented and without sufficient legal basis, and may incur negative feedback due to lack of sufficient legal basis. Now, we have complete legal basis, offering us the same position as the West in taking countermeasures," Tian said, noting that it will also help integrate previous resources and forms to make China's countermeasures against foreign sanctions more systematic, scientific and powerful.
Common practice
It's also common practice for some Western countries to formulate similar laws in blocking foreign sanctions or opposing foreign interference. For example, the blocking statute, adopted in 1996, is an important achievement of unified EU action to protect EU operators, whether individuals or companies, from the extraterritorial application of third country laws, according to the EU website.
And an updated version of the blocking statute was implemented in 2018 to mitigate their impact on the interests of EU companies doing legitimate business in Iran.
Russia also passed a law in June 2018to counter the unfriendly behavior of the US and other countries to protect the interests, security, sovereignty and territorial integrity, as well as the rights of its citizens immune to the unfriendly behavior of the US.
When asked whether the law would affect China's relations with foreign countries, Wang Wenbin, spokesperson of the Chinese Foreign Ministry, said at a routine press conference on Thursday that there is no need to worry about that.
"It's necessary for China to formulate the Anti-Foreign Sanctions Law, as the law provides a strong legal basis and support for China to counteract foreign discriminatory measures," Wang said.
The spokesperson of the Legislative Affairs Commission of the NPC Standing Committee also said the law won't have any impact on China's continuous opening-up regarding economic development, as it has come up with a series of measures to facilitate foreign investment.
The main purpose of China's Anti-Foreign Sanctions Law is to authorize Chinese administrative agencies and judicial institutions to implement sanctions, and if there's more demand in the practice, top authorities such as the State Council and the Supreme Court can issue corresponding detailed administrative regulations and judicial interpretations based on the authorization, and gradually refine a more specific legal system, Huo told the Global Times.
Some senior officials, such as Carrie Lam, chief executive of the Hong Kong Special Administrative Region, hailed the law. Lam said the law will give the US and other countries "a taste of their own medicine," because a number of central government and HKSAR government officials have been sanctioned by the US for the national security law for Hong Kong implemented in 2020.
"The HKSAR government lacked the resources to fight those sanctions in the past. With the implementation of the Anti-Foreign Sanctions law, they have the top authority's legal support on their backs," Tian said, noting that whether including the law into Annex III of the Basic Law or enabling the HKSAR government to revise or work on relevant anti-sanction local laws are both part of the consideration.
G7 communiqué makes a show but Chinese don't buy it
The Group of Seven (G7) summit ended on Sunday. After the
meeting, the countries issued a communiqué, which openly criticized
China and mentioned issues related to China's Xinjiang, Hong Kong and
Taiwan. The communiqué also mentioned opposition to “forced labor” and
"unilateral attempts to change the status quo” in the East and South
China Seas. Attitudes were expressed in different degrees of tone, with
some directly naming China and others without calling China's name but
making the country the unmistakable target. It has been the most
systematic condemnation against and interference in China by major
Western powers
During the past several
years, the world has witnessed a see-saw of sanctions and counter
sanctions between the governments of the US and China - a reflection of
Washington politicians' reckless determination to create troubles in
order to stifle growth of an emerging economic juggernaut, and the
intransigence and unbending character of Beijing to uphold justice and
not bow to a bully.
A special law aiming to protect the dignity and rights
of military personnel in China was approved on Thursday at the 29th
session of the Standing Committee of the 13th National People's Congress
(NPC).
At the end of May, US President Joe Biden ordered the
intelligence community to "redouble" its efforts in the investigation of
the origin of COVID-19 and report back to him in 90 days.
