Sunday, December 31, 2006

Book Recommendation + Stock Focus

I just finished Adam Khoo's book, "Secrets of Self-Made Millionaires". I like the book mainly because he has captured many important points in life which I would not have thought of. He covers also some startup businesses and well as tips on the stock market! I find his insights on investing quite interesting and relevant to the local market. His straightforward style of writing is also quite comprehensive, even for an unexperienced investor. The book has inspired me to give more thought inot my future, and hopefully yours too.

Stock Focus! Genting International has climbed tremendously for the past 3 days. It has reached 140% increase in stock price since its IPO price of S$0.35! The stock has occupied the top volume for the past few days as well...a friend suggested it may be the fund managers pushing the stock up to increase the values of the convertible bonds. I fear the stock price has already been overvalued and a sudden pull out from the fund managers may result in a sudden drop.

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