DefiOldTrickster

Stock investment strategies are far more than just buying low and selling high. When you identify a company's promising prospects but are limited by funds; or when you judge that a stock is overvalued and want to profit from a decline, you need to understand two powerful trading tools: margin financing and securities lending. These tools can help amplify your gains, but they also increase risks. Today, we will delve into the operating principles, costs, and practical risks of these two trading methods.
Core Concept of Margin Financing: Using Borrowed Money to Amplify Investment Effects
In simple terms, margin financing means borrowing money from a broker to buy stocks. When you are optimistic about a stock but lack sufficient funds, you can contribute part of the money yourself, and the broker contributes the rest, jointly purchasing the stock. This stock then serves as collateral for the loan from the broker.
An example will make this clearer. Suppose you have $40 and are optimistic about Apple stock (current price $100). Through margin financing, you can contribute yourself

Investors should remain calm when facing limit-up and limit-down stocks, and develop strategies based on analyzing the reasons. When a stock hits the limit-up, consider participating in related industry chain stocks or wait for a correction; when a stock hits the limit-down, assess whether it is due to short-term volatility or deteriorating fundamentals. Avoid following the crowd blindly; finding safer investment opportunities is key.

When stocks in your portfolio suddenly face delisting, many investors' first reaction is panic and confusion, believing that their entire investment is lost. However, in reality, by adopting the correct strategies, investors can still find multiple ways to revive these assets or minimize losses even after delisting. This article will explore specific strategies for handling delisted stocks.
Delisting vs. Trading Suspension: Two Concepts That Are Easily Confused
Many novice investors often confuse "trading suspension" with "delisting," but there are fundamental differences:
A trading suspension is usually a short-term phenomenon. The company temporarily halts trading due to major disclosures, financial adjustments, or abnormal price fluctuations. The value of investors' holdings generally remains unchanged, and the stock is still registered on the exchange. Trading can resume once the issue is resolved.
Delisting, on the other hand, is a permanent exit. The company no longer meets listing standards or actively applies for delisting. The stock is removed from the exchange, and investors can no longer trade it on that exchange.

Currency exchange for Japanese Yen may seem simple, but it actually contains hidden complexities. Exchanging the same amount of 50,000 TWD through different methods could result in paying over 2,000 TWD more in exchange fees. This article provides an in-depth comparison of four Japanese Yen exchange channels to help you find the most cost-effective method.
A quick overview: Comparison of 4 Japanese Yen exchange methods
| Exchange Method | Exchange Rate Level | Exchange Fee | Estimated Cost (50,000 TWD) | Operation Time | Suitable for |
|------------------|---------------------|--------------|----------------------------|----------------|--------------|
| In-person cash exchange | Worst (cash sell rate) | 0-200 TWD | 1,500-2,000 TWD loss | Weekdays 9:00-15:30 | Not familiar with online, urgent small amounts |
| Online exchange + withdrawal |

Why should Taiwanese investors pay attention to the US stock market?
In recent years, the US stock market has attracted more and more attention from Taiwanese investors, but many are confused about how to choose the right trading platform. After all, everyone's investment needs are different—some pursue low costs and quick entry, while others require rich trading tools and diverse assets. To find the most suitable platform in the US stock market, the key is to understand the true features and fee structures of each platform.
Two Main Ways for Taiwanese to Invest in US Stocks
Way 1: Through Taiwanese Brokerage Firms via Sub-Agency Trading
Many Taiwanese investors choose to purchase US stocks through local brokerage firms, a method called "sub-agency trading"—simply put, Taiwanese brokers delegate orders to foreign brokers to execute. The advantage of this method is familiar operation and convenient fund inflow and outflow, while the downside is that the handling fees are usually higher.
Comparison of Mainstream Taiwanese Brokerage Firms' US Stock Sub-Agency Trading Fees
| Broker | Established | Commission |

Earnings Per Share (EPS) is an important indicator for evaluating a listed company's profitability. It is calculated by dividing the company's net profit by the number of outstanding shares. A high EPS indicates that the company can generate more returns for shareholders. This article will delve into the calculation of EPS and its application in investment decisions.

What is Net Asset Value per Share? Why is it so important
Net Asset Value per Share (NAVPS) represents the net asset value contained in each share of stock. In simple terms, if you buy a share, this indicates how much actual assets that share represents, and NAVPS tells you that.
From an accounting perspective, the formula for NAVPS is straightforward:
NAVPS = (Total Assets - Total Liabilities) / Total Outstanding Shares
Or, viewed from another angle:
NAVPS = (Share Capital + Capital Surplus + Retained Earnings + Undistributed Profits) / Total Outstanding Shares
For example, if Uni-President Enterprises Corporation (1216.TW) has assets of 2.5 billion, liabilities of 1 billion, and 1 billion shares outstanding, then the NAVPS would be (2.5 billion - 1 billion) ÷ 1 billion = 1.5 yuan. It seems simple, but this number hides the secret to stock selection.
Is a higher NAVPS always better? Don't be fooled

As financial asset volatility increases, more and more people are turning their attention to the crypto market. However, faced with thousands of virtual currencies, the most common question investors ask is: which coin is reliable to buy? This article helps you sort out the top ten cryptocurrencies by market cap, analyze the differences among various types of virtual currencies, and teach you how to choose the right investment strategy based on market cycles.
How are types of virtual currencies categorized? The bull and bear cycles determine your choices.
There is a classic saying in the crypto world: "Buy altcoins in a bull market, buy mainstream coins in a bear market." This is not nonsense; there is a deep logic behind it.
Why buy altcoins in a bull market? Because small-cap coins are easier to push higher by capital, offering greater profit potential. Mainstream coins have larger market caps, making it harder to drive their prices up.
Why buy mainstream coins in a bear market? Because mainstream coins tend to be more resistant to declines, with a lower probability of going to zero. Altcoins often plummet rapidly, sometimes even to zero.
Therefore, the first step in choosing virtual currencies is to determine the overall trend of the current market. Next

If you are interested in investing in the stock market, forex, or gold, you have probably heard terms like "US dollar appreciation" and "US dollar depreciation." But how does the US Dollar Index actually work? Why are global investors paying so much attention to it? Today, we will delve into this key indicator that influences the global financial markets.
US Dollar Index Components and Construction Principles
The US Dollar Index (USDX or DXY) is not a simple exchange rate but a composite index that measures the strength of the US dollar relative to other currencies. It tracks the performance of the dollar against six major currencies, which are:
- Euro (EUR) — accounting for 57.6%, the highest weight
- Japanese Yen (JPY) — accounting for 13.6%
- British Pound (GBP) — accounting for 11.9%
- Canadian Dollar (CAD) — accounting for 9.1%
- Swedish Krona (SEK) — accounting for 4.2%
- Swiss Franc (CHF) — accounting for

The first lesson in investing in Hong Kong stocks is to understand the opening hours and trading rules. Today, let's clarify the "schedule" and "play" of Hong Kong stock trading all at once.
What is HKEX? Essential background knowledge before investing in Hong Kong stocks
HKEX (Hong Kong Exchanges and Clearing Limited), is the only stock exchange in Hong Kong and also a listed company, with stock code 0388.HK.
Don’t underestimate this exchange’s name; its strength should not be overlooked — it ranks among the top ten exchanges worldwide, among the top three in Asia, and is one of the most active capital markets globally. Since its establishment in 1989, HKEX has topped the global IPO financing charts seven times over the past 13 years, demonstrating how attractive the Hong Kong stock market is.
HKEX also oversees the Hong Kong Stock Exchange, the Futures Exchange, multiple clearing houses, and even controls the London Metal Exchange in the UK. In simple terms, HKEX plays a major role in the entire financial trading ecosystem of Asia.

The global pharmaceutical market is in a period of accelerated growth. According to industry data, the U.S. biopharmaceutical market is projected to reach $445 billion by 2027, with a compound annual growth rate of 8.5%. Against this backdrop of continuous expansion, pharmaceutical stocks, due to their relative resilience in economic downturns, are gradually becoming an indispensable sector in investment portfolios.
Characteristics of the Pharmaceutical Industry
The biopharmaceutical industry has distinct features. First is its counter-cyclical nature—regardless of economic conditions, humans need medical treatment and medication, making pharmaceutical stocks more stable compared to cyclical industries like electronics.
Second is the coexistence of high risk and high reward. The stock prices of biotech companies often fluctuate dramatically due to uncertain factors such as clinical trial results, patent disputes, and policy changes. Investors must have sufficient risk awareness and patience to achieve returns in this field.
Additionally, regulatory factors profoundly influence industry development. Government departments' approval, pricing, and advertising of medical supplies, among other aspects,

The New Zealand Dollar (NZD) has depreciated by over 32% since 2014, mainly due to fluctuations in agricultural product prices, the impact of the pandemic on the tourism industry, and Federal Reserve policies. It is expected to continue weakening over the next three years and may enter a bear market. Investment options include fixed deposits, funds, futures, and contracts for difference (CFDs). Investors should pay attention to New Zealand's economic conditions and global market dynamics to make informed investment decisions.

Is carry trade really that "safe"?
'Carry trade' has become a focal point in the capital markets over the past two years, especially since the aggressive rate hikes in the United States in 2022. Many investors have started to pay attention to the arbitrage opportunities created by interest rate differentials across countries. While some confuse carry trade with arbitrage, they are fundamentally different.
Simply put, carry trade involves exploiting the interest rate differences between financial products, most commonly in the currency markets, hence also called "interest rate arbitrage"—meaning earning from high-interest currencies.
For a concrete example: in 2022, suppose you borrow Taiwanese dollars from a bank at an interest rate of 2%, then exchange it for US dollars and invest at a fixed deposit rate of 5%. The 3% interest differential is your trading profit. Sounds low-risk? But reality is far more complex than theory.
Carry trade may seem like a win-win, but it secretly harbors risks.

Against the backdrop of increasing global asset volatility, more and more investors are paying attention to cryptocurrencies as an asset allocation option. Compared to traditional financial assets, cryptocurrencies offer unique advantages such as 24-hour liquidity and cross-border convenience. But with thousands of cryptocurrencies available, how should one select? This article will focus on the top market cap tiers of cryptocurrencies, analyze which coins are worth long-term attention, and provide practical investment strategies.
Logic for Selecting Strong Currencies
To profit in the cryptocurrency market, the first step is to understand the characteristics of market cycles. There is a saying in the industry: "In a bull market, allocate to emerging coins; in a bear market, stick to mainstream coins."
Why do bull markets favor emerging coins? Because small-cap coins have high price elasticity and can easily generate several times the gains. Why return to mainstream coins in a bear market? Mainly because mainstream coins have strong resilience, low risk of zeroing out, and are more likely to survive the bear cycle.
Therefore, the first factor in choosing coins is to determine the current market phase.

In recent months, the popularity of blockchain games has indeed surged. Many new coin issuance plans on exchanges show a significant increase in blockchain gaming projects, reflecting that the entire sector is beginning to attract broader attention. However, many people still have only a superficial understanding of investing in blockchain games and are unsure how to participate. Today, we will systematically outline the three main investment paths in blockchain gaming and the core framework of the entire sector.
Three Ways to Invest in Blockchain Gaming, with Varying Risks and Returns
Before entering the blockchain gaming sector, it's essential to clarify your investment approach. Generally, there are three paths:
The Safest Choice: Buying Coins
This is the simplest and most straightforward way to enter blockchain gaming. When project teams list their tokens on exchanges, you can buy them directly on the secondary market. The risk is moderate. However, pay attention to a detail: in most blockchain gaming projects, over half of the tokens are generated within the game itself. This means that those who buy coins later are actually taking over the chips of early players.

The global economic landscape is quietly changing. As geopolitical conflicts in the Northern Hemisphere escalate and capital uncertainties increase, Australia in the Southern Hemisphere has become a new target for institutional investors. It's not just retirees attracted by Australia's livable environment; more and more smart capital is participating in a new round of global energy revolution and technological competition through the Australian stock market.
What exactly is the investment value of the Australian stock market? What turning points can we expect in 2025?
The true picture of the Australian stock market in 2024: Resource cycle differentiation
The Australian index (ASX200) rose by 12.95% throughout 2024, but behind this figure lies a completely different story—some sectors are in decline, while others are taking off.
Lithium mining stocks were heavily sold off, with a decline of up to 30%, reflecting price pressures caused by overcapacity. Meanwhile, the stock price of the copper mining leader Sandfire Resources doubled, for reasons that are

In an era of abundant global liquidity, many people are thinking about how to achieve asset appreciation. As prices continue to rise, passive waiting will only cause personal wealth to shrink relatively. Therefore, exploring diverse ways to make money has become an essential course. So, how should one start making quick money in the short term? Is it by leveraging financial tools to make a bold move, or by combining continuous work and investment?
Case Inspiration: Two Different Paths to Wealth
There are two completely different asset accumulation models in reality.
The first is a steady compound growth model. A engineer in North America has been working part-time on professional freelance websites, creating content channels, and even renting out assets to increase passive income. Through a combination of "active income + passive income + professional extension," they steadily expand their sources of income.
The second is an aggressive leverage wealth-building model. Some investors have rapidly grown their assets from 150,000 yuan to the multi-millions level within two years. Their method is to first simulate trading

Why Do We Need Index Futures? The Real Dilemmas Faced by Investors
The biggest challenge in investing is not the amount of capital but how to accurately judge the market direction. The financial data of a single company can be complex and difficult to understand, and industry changes are hard to predict. However, if investors can quickly grasp the overall market trend through an indicator, they can significantly reduce decision-making risks. This is the core value of index futures.
An index essentially represents a collection of many assets, which could be a basket of stocks, a group of bonds, or even a combination of various currencies. However, since an index itself is not a physical commodity and cannot be traded directly, the financial market has created index futures as a derivative instrument, allowing investors to precisely participate in global market fluctuations, with profit opportunities in both rising and falling markets.
Global Index Futures Market Overview
Currently, the major global index futures markets are concentrated in a few core regions:
United States Market (Most Focused)
- Dow Jones Index Futures
- Standard & Poor's