Happy Boxing Day!

Merry Christmas and Happy Boxing Day! We hope everyone had a great holiday, enjoyed the food and the Christmas presents. 

In less than a week, we are going to wave goodbye to 2015 and say hello to 2016. How is the year of 2015 treating you? Are you happy and satisfied with what you have achieved this year?

The market is like our life journey with lots of ups and downs. No matter how good life is or how bad the days are, it is important to stay healthy and happy. Whatever goes up will come down; whatever comes down will go up. A sideways market is hard to make money, same as a stagnant life will stays uninteresting.

No matter how much money we made, it is important to have financial management. Keep a portion of money as emergency funds, use the money for new investments; and not to forget, donate it as charity to help people who need help and spend the money to make ourselves happy. If there is financial losses this year, don't forget to review the mistakes, learn about it and move on. The market is always there and there will be one day we will make money.

Back to market. What will market doing in the coming 2016? After first interest rate hike in US, will other countries following US footstep? How is Europe crisis affecting the market? Nearer to home, is China slowing down going to affect Hong Kong and the rest of the world?

Hang Seng Index whole year range was trading between 20368-28589. The crucial psychological support is at 20000. If market broke below 20000, the downside range for Hang Seng Index is between 16000-19800. On the upside, 22000 had been tested a few times in recent weeks; if the market can stand firm above 22000, there is a chance HSI will moves towards 24000 or higher to 26000. 

Back at home, our Ringgit had been one of the worst performing currencies in South East Asia Region due to GST implementation and 1MDB issues. These had caused our market trending down and KLCI Index was trading between 1504-1807 for this year. Looking at KLCI Index, 1600 is the crucial support, further down, we see support at 1500, next 1300. On the upside, if market can sustain above 1750, we might have a chance to see 1800 or perhaps a record high? 

No matter how the market moves, whether we made or lost money; our life motto is to stay happy and healthy and enjoying what we are doing. We hope you had a fantastic 2015 and wishing you a great year ahead. 

Happy reading and happy investing!