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The Story: A Cup of Coffee and Stocks
Mr. Minh is an ordinary office worker in Hanoi. Every morning, he drinks a cup of coffee costing 40,000 VND from a familiar café near his office. One day, he read the saying:
> "If you save a cup of coffee every day and invest that money, in the future you will have a whole café."
He began to do the math. If he saves 40,000 VND each day, he would have about 1.2 million VND in a month. Instead of saving, he researched stock investments. After a few months of learning, he decided to regularly invest this amount of money in the stocks of a large food company he trusted.
At first, he lost a few hundred thousand due to market fluctuations. But he did not panic and continued to invest steadily every month – the “dollar-cost averaging” strategy. After 5 years, the stock grew nearly 300%. The small initial amount turned into nearly 100 million VND – just by changing a small habit.
#bitcoin #Binance #cophieu
Mr. Minh is an ordinary office worker in Hanoi. Every morning, he drinks a cup of coffee costing 40,000 VND from a familiar café near his office. One day, he read the saying:
> "If you save a cup of coffee every day and invest that money, in the future you will have a whole café."
He began to do the math. If he saves 40,000 VND each day, he would have about 1.2 million VND in a month. Instead of saving, he researched stock investments. After a few months of learning, he decided to regularly invest this amount of money in the stocks of a large food company he trusted.
At first, he lost a few hundred thousand due to market fluctuations. But he did not panic and continued to invest steadily every month – the “dollar-cost averaging” strategy. After 5 years, the stock grew nearly 300%. The small initial amount turned into nearly 100 million VND – just by changing a small habit.
#bitcoin #Binance #cophieu
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Chinese Exchanges Restrict Daily Stock Sales Amid Trade War with the U.S.
Four sources said on Friday that Chinese stock exchanges have imposed daily restrictions on the net selling activity of hedge funds and large retail investors, as Beijing intensifies support for the stock market amid the escalating trade war with the United States.
Two investor sources said the soft limit on the daily net selling of individual hedge funds and large retail investors - enacted through verbal warnings from brokerage firms - was set at 50 million yuan (6.83 million dollars).
Two investor sources said the soft limit on the daily net selling of individual hedge funds and large retail investors - enacted through verbal warnings from brokerage firms - was set at 50 million yuan (6.83 million dollars).
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