Latest news with #VincentChan
Yahoo
08-08-2025
- Business
- Yahoo
Vincent Chan's Blueprint To Freedom Frugality Can Get You Out Of The Rat Race: 'Making Money Means Nothing If You Just Spend More Money'
Work gives us a sense of purpose, but people who are stuck at jobs they don't like won't feel much enjoyment from their work. If you don't enjoy your career, you can get out by developing skills and looking for better opportunities. However, the way you manage money also plays a key role in your ability to get out of the rat race. Financial guru Vincent Chan recently laid out the blueprint and explained how people can pursue freedom frugality to give themselves more decisions. If you're not frugal, you risk spending more money and putting yourself into a deeper hole. "Making money means nothing if you just spend more money," Chan explained. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — $100k+ in investable assets? – no cost, no obligation. Here's how you can use freedom frugality to build wealth and give yourself more choices without being a penny pincher. Frugal Vs. Cheap Chan doesn't waste much time before breaking down the difference between frugal living and cheap living. Being cheap means only caring about the price of a product or service. Then, cheap people cut corners whenever they can. Chan compares it to buying a $25 pair of boots that will only last a few months. You will eventually need new boots, but that doesn't matter at the moment for a cheap person. A frugal person cares about value. These people aren't afraid to spend $200 on a pair of boots that will last for several years. Frugal people aren't afraid to spend money on things that matter to them. They appreciate valuable items and experiences that will do far more than just collect dust in the corner of your room. Some cheap people become millionaires, but then they only end up with fat bank accounts. Some high-net-worth people feel like they missed out on life by relentlessly focusing on their careers over relationships and experiences. It's good to save money and be financially responsible, but make sure you're also spending money on things that you enjoy. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Become Hyper Aware Of Yourself Chan recommends becoming hyper aware of yourself and what you enjoy. That way, you can get clear on the things and activities you want to spend money on. It's fine to spend money on those things if you can afford it, but knowing what you enjoy also gives you the flexibility to ruthlessly cut costs on things that don't matter. Identifying what you care about and what kind of life you want to live can help you decide which expenses to keep and which ones to cut. You can also review your recent credit card and bank account statements to ensure your money is going to the right types of purchases. Giving yourself permission to spend money on certain things doesn't give you permission to splurge all of your money. It's still important to invest money and remain financially disciplined. Doing those two things will give you more financial flexibility in the future and give you more choices in The Way You Look At Budgeting Budgeting isn't a pleasure for most people. The common conception around budgeting is that it's filled with restrictions about how you use your money. Most people don't find it fun to review their income and determine which expenses they can't put on their credit cards. However, Chan encourages people to reframe the way they look at budgeting. Instead of viewing it as a limitation on how you spend money, you can view a budget as a tool that lets you say yes to things without feeling anxious or guilty. Budgets give you guilt-free permission to spend a certain amount of money after you have covered your living expenses and made valuable investments toward your future. Chan extended this idea to social activities. It's common for people to blow their budgets during social events, especially since people don't want to feel left out. You can say that you still want to hang out but are saving money for something important and want to do something cheaper. This strategy lets you stay within your budget while having fun with friends. Chan also said that some of your friends may also be saving for a big goal and be grateful for an alternative. However, if someone makes fun of you or gives you a problem about wanting to save money for a long-term goal, you may want to re-evaluate that friendship. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Vincent Chan's Blueprint To Freedom Frugality Can Get You Out Of The Rat Race: 'Making Money Means Nothing If You Just Spend More Money' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Straits Times
05-08-2025
- Business
- Straits Times
Hong Kong's new listing rules seen as helping hot market to stay hot
The changes are designed to encourage more companies to list in Hong Kong, and to set aside enough shares for large institutional investors. HONG KONG – Hong Kong's changes to its listing rules are likely to pave the way for one of the world's hottest markets for initial public offerings (IPOs) to stay hot for longer. That's based on early reactions to the Aug 1 announcement by the local exchange, which handed incentives for big Chinese companies to list in Hong Kong by easing the minimum public float requirement, and ensured that institutional investors get the bulk of shares offered during hot listings. The rules go into effect this week. The changes are designed to encourage more companies – particularly those whose shares already trade in mainland China – to list in Hong Kong, and to set aside enough shares for large institutional investors. The idea is that the moves will help the city's listings markets, which is forecast to double to more than US$22 billion (S$28 billion) in 2025, prolong the rally and solidify its place as Asia's premier financial hub. 'This contributes to a healthier IPO market by promoting price stability and more accurate valuations – ultimately benefiting both the IPO landscape and the broader Hong Kong stock market,' said Kenny Ng, a strategist at China Everbright Securities International. 'While retail investors might appear to lose out due to reduced allotments, the reform also protects them from volatile pricing that can arise from excessive retail demand.' They also represent Hong Kong's latest efforts to bolster the city's standing as a listing destination. Prior to last week, it allowed some companies to file confidentially, and for big firms already listed on the mainland Chinese bourses, Hong Kong promised to speed up the process for listing applications to 30 days. That may not be the end of it. The exchange is conducting a two-month public consultation on whether to lower minimum float requirements for China-traded issuers further to 5 per cent after they are listed. That's after announcing on Aug 1 that their minimum percentage of shares required to be listed when going public in Hong Kong will drop to 10 per cent from 15 per cent. The key to making this work is to limit these benefits to large companies, according to Vincent Chan, a China strategist at Aletheia Capital. Top stories Swipe. Select. Stay informed. Singapore Singapore launches review of economic strategy to stay ahead of global shifts Singapore A look at the five committees reviewing Singapore's economic strategy Opinion Keeping it alive: How Chinese opera in Singapore is adapting to the age of TikTok Life Glamping in Mandai: Is a luxury stay at Colugo Camp worth the $550 price tag? Sport World Aquatics C'ships in S'pore deemed a success by athletes, fans and officials Singapore Strong S'pore-Australia ties underpinned by bonds that are continually renewed: President Tharman World Trump says he will 'substantially' raise tariffs on India over Russian oil purchases Low float requirements 'could pose a problem for smaller firms, as liquidity in the Hong Kong market could become so low that it becomes a concern,' Mr Chan said. 'If a company is large enough, the float requirement doesn't matter as much.' Retail fever The other big change in the exchange's rules involved Hong Kong's unusual system to ensure retail investors don't lose out on highly sought-after IPOs. In such deals, if demand from retail investors is high enough, it triggers a so-called clawback mechanism that increases the number of shares available to them by redistributing stock that had been allocated to institutional investors. The exchange lowered the maximum proportion of shares that can be allocated to retail investors to 35 per cent, down from 50 per cent currently. For retail investors, it could have been worse as the exchange had initially proposed to cut it to 20 per cent. The change aims to minimise the risk of IPOs being overpriced during bookbuilding, which can result in a greater risk of a price slump after listing, the exchange said in a December paper. The retail frenzy around the likes of Mixue Group's Hong Kong debut was so intense that the securities regulator put a cap on margin loans and launched a review of the brokers that were most active in the deals. Louis Wong, director of Phillip Securities (HK), a brokerage popular among retail investors that submitted comments with the exchange, said his firm's trading commissions will likely take a hit from lower allocations to retail investors. But the exchange has to strike a balance between the interests of retail and institutional investors, he said. New listings have fuelled Hong Kong's revival in 2025, driven by a slew of Chinese companies adding an extra listing in the city, including battery-giant Contemporary Amperex Technology's blockbuster deal – the biggest of its kind in 2025 globally. That helped the city reclaim its standing as the world's second-largest market for share sales for the first time since 2012, reversing a years-long slump following the Covid-19 pandemic. The trick now is to extend the streak. BLOOMBERG
Yahoo
04-08-2025
- Business
- Yahoo
Hong Kong Just Flipped the IPO Game -- And China's Biggest Companies Are Taking Notice
Hong Kong is turning up the heat in the IPO raceand the latest rule changes could help keep the engine running. The city's exchange has just lowered its minimum public float requirement for new listings to 10% from 15%, while giving institutional investors a bigger bite of the pie in high-demand offerings. The move is aimed squarely at drawing in more heavyweight Chinese firms, especially those already listed on the mainland. With listings forecasted to hit over $22 billion this year, driven by names like battery giant Contemporary Amperex Technology Co. (CYATY), Hong Kong is making a serious push to cement its comeback as Asia's IPO hub. Warning! GuruFocus has detected 6 Warning Sign with CYATY. The new framework also reworks the retail allocation game. In hot IPOs, Hong Kong's unique clawback mechanism used to allow retail investors to claim up to 50% of sharesbut that cap is now trimmed to 35%. It's a middle ground from the exchange's earlier proposal of 20%, but still enough to rattle brokers reliant on retail trading. The shift is intended to reduce price spikes and slumps triggered by speculative retail demand, as seen during the frenzy around Mixue Group's debut. Some firms like Phillip Securities say the move could ding their commission income, but others see a net positivemore stable pricing, fewer distortions, and a healthier long-term IPO market. Still, this isn't the end of the reform cycle. A fresh consultation is underway to potentially lower the minimum float for China-traded companies to just 5% post-listing. Strategists like Aletheia Capital's Vincent Chan caution that smaller companies could suffer from illiquidity if float drops too lowbut for giants, the rule change could be a non-issue. Legal advisors say the key will be staying selective. Tailor-made approaches may be needed to keep global investors engaged while avoiding the pitfalls of past overexuberance. For now, Hong Kong's message is clear: it's open for businessand ready to play offense. This article first appeared on GuruFocus.
Yahoo
13-07-2025
- Automotive
- Yahoo
Vincent Chan Reveals The Top Wealth Killer: 'It's So Normalized'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Good money habits can help you build wealth, but a few bad ones can derail your progress. While it's easy to think of bad investments and impulsive spending as two factors that can kill wealth, financial guru Vincent Chan reveals the top wealth killer that affects most people. "It's so normalized," Chan stated when discussing this wealth killer. Chan is talking about taking out an auto loan to buy your car. He offers concrete numbers and examples that demonstrate how much money you end up losing due to these loans. These are some of the reasons why a car loan is a bad idea. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. $100k+ in investable assets? – no cost, no obligation. Chan starts the video by mentioning that one of his friends took out a $55,000 car loan and ended up paying $70,000 for the vehicle. The loan had a 5-year term, and now that the loan has been paid off, the car is only worth $25,000. It's a $45,000 loss that will get worse over time. The car model will continue to get older, and it will need maintenance and repairs along the way. Many people fall for the trap of buying a new car with a loan, but for many people, it's also a necessary evil. Not everyone has $55,000 available to buy a new car, and car prices may continue to go up due to inflation and tariffs. However, a car doesn't benefit from inflation. While your house will likely gain value over time, your car is actively losing value. The sharpest price decline takes place the moment you drive your new car out of the dealership. Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. Chan also mentions that the average car payment for a new vehicle comes to $742 per month. That's a sizable percentage of most people's salaries since the real median household income was $80,610 in 2023, according to the U.S. Census Bureau. That comes to $6,717.50 per month. The average car payment of $742 per month makes up 11% of the average American household's income. This average auto loan payment doesn't even represent the full cost of car ownership. You also have to pay for insurance, gas, maintenance, repairs, and other expenses. A high auto loan payment won't give most Americans flexibility with portfolio contributions. They also have to contend with housing costs, groceries, taxes, and healthcare. While you'll have to cover essential costs either way, going over-the-top with your auto loan will make it more difficult to build a nest insurance is one of the silent costs of owning a vehicle that adds up over time. Chan pulled up research that indicates full coverage car insurance policies cost an average of $2,680 per year. Premiums also fluctuate due to a car's model, age, and other factors. Chan suggests comparing car insurance policies each year to make sure you are getting the best deal. This strategy takes some time, but you can end up saving thousands of dollars over your lifetime by paying attention to your car insurance. He suggests comparison shopping every six to 12 months. A car is an essential resource for many people, especially individuals who live in rural and suburban communities. However, if you don't monitor your costs, those monthly car loan payments can eat up a large percentage of your monthly paycheck. Buying a used car can save you money and help you become debt-free sooner, and shopping around for the best insurance policy is also beneficial. Read Next: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O'Reilly and Rudy Giuliani are . Image: Shutterstock This article Vincent Chan Reveals The Top Wealth Killer: 'It's So Normalized' originally appeared on Sign in to access your portfolio
Yahoo
28-06-2025
- Business
- Yahoo
New To Investing? Vincent Chan Says Low-Cost Index Funds Are the Easiest Way to Get Started
Investing is one of the common paths to long-term wealth, but it can feel complex if you are just getting started. Luckily, financial guru Vincent Chan recently revealed the simplest way to get started. Not only is it easy to start investing based on Chan's advice, but his strategy has a proven track record of multiplying your money in the long run. The Easiest Things To Invest In Are Low-Cost Index Funds' Chan explained in the video. It sounds basic, but that doesn't make it a bad suggestion. Here's why index funds remain one of the most popular ways for people to invest. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Index funds offer investors exposure to a basket of companies. Some index funds contain a few dozen companies, while other index funds contain hundreds of publicly traded corporations. A couple of index funds even have well over 1,000 stocks, offering broad exposure to the market. You don't have to get the most diversified index fund to get good results. Some funds with 100 stocks perform better than funds with 500 stocks. The main strength of index funds is that they enable automatic portfolio diversification and streamline investing. You don't have to research a bunch of stocks, know what to look for in a good stock or follow the news every day. A portfolio manager can do all of those things for you as your money grows in an index fund. You can accumulate index funds in any investment account that lets you trade stocks. However, Chan suggests giving preference to tax-advantaged accounts like your 401(k), HSA, and Roth IRA when you make investments. These accounts let you reduce your tax bill as you grow your investments. Traditional retirement accounts let you reduce your taxes right now, while you won't have to pay any taxes on withdrawals from your Roth IRA. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Chan suggests investing any remaining money into a brokerage account once you have maxed out your tax-advantaged accounts. Investors should also monitor any changes the IRS makes to the maximum amount they can contribute to retirement accounts. You also get to make catch-up contributions to your retirement accounts the moment you turn 50. Chan recommends looking for index funds that have low expense ratios. This ratio reflects the cost of holding the fund and having an investment firm manage it on your behalf. Passively managed ETFs that mirror benchmarks like the S&P 500 typically have low expense ratios. It's realistic to find passively managed ETFs that have expense ratios below 0.10%. Investors can further explore index funds by analyzing their total returns. You can look at how much a fund has returned over the past five and ten years to gauge if it's consistent or volatile. It's also good to look at a fund's asset allocation to see if most of the stocks are in the tech sector or another industry. Some investors also look at a fund's yield to see how much cash flow they will receive just by holding on to shares. While most investors shouldn't prioritize a fund based on its yield, receiving passive income from investments becomes more valuable as you get closer to retirement. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article New To Investing? Vincent Chan Says Low-Cost Index Funds Are the Easiest Way to Get Started originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
