What is Preference Shares?

Preference shares holders will be given dividend before ordinary shareholders and have priority claims on company asset if the company go bankrupt but will have limited voting rights on company decision. Preference shareholders will get fixed amount of dividend even if the company make more profit for the financial year.

What is ordinary shares?

Ordinary Shares is the common share trades in the stock exchanges. It give the shareholders the right to vote during the Annual General Meeting (AGM) and will be given dividends when the company make profit. If company have more profit and the board of directors and shareholders decided to give more dividend, then ordinary shareholders will get more.

What is a Shares?

Shares is the ownership of the company. If the company issued 1000000 shares and you have 10000 shares, then you hold 1% of the company. This 1% enable you to vote for important matter during the annual general meeting.

Trading US Stock Market.

Have been trading US market and make money from it. The good thing about US market is that the price is going up and down very fast:

Eg. Open: $1.00, High: $1.50, Low: $0.90, Close: $1.30

The different from Low to High is $0.60. If you buy 1000 shares at $1.00 and sell off at $1.30, you make $260 (commission: $40 for buy and sale).

If you manage to buy at low and sell at high, then you will make $540. This is within a day or minutes of trading.

Temasek Holding - Ho Ching will step down as CEO.

On Feb 6 - Ms Ho Ching will step down as Temasek Holding CEO. Mr Charles (“Chip”) W. Goodyear, the former CEO of BHP Billiton, will replace Ho Ching on Oct. 1.

Esso Mobil Smiles Member

Attention to all Esso Mobil Smiles Members and all car owners!!!

Esso Mobil is giving 9% discount on petrol to all the smiles members till 31 Jan 09!

If you have Citibank Dividend Credit Card, you will get additional 5% cash rebate and also additional 3% rebate from your monthly statement.

The total petrol discount will be around 16%.

Credit Card

Most of the credit card companies now offer 0% interest for 6-12 months if you did not pay up in full for the month. Please take note that its stated very clearly that it will only last you for 6-12 months and not always 0% interest.

So if you are not careful, you will end up paying interest and if you are not able to pay in full at the end of the 12 month period, this will become your credit card debt.