Life Term Strategies

1. Huge Gains in Long Term
- Receive significant capital gains
- by investing in corporations
- (with wide economic moat & average peers’ net margin)
- In very very long term

2. Strong Periodic Cash Flow
- Maintain self-sufficient monthly cash flow
- Through dividend, gains on derivative & short term trading
- For re-investment to item # 1 mentioned above

3. Mind for Risk Management
- Ensure strong cash position
- Maintain low risk by continue monitor, analyze & feel:
economic trend & environment,
market condition & investors emotion
corporate performance & outlook
asset allocation & direction

4. Be a holy Christian investor:
- Invest in wisdom & varies ways, but consistent & not over nor under of what the Holy Bible expects a Jesus follower should be
- Keep regular & long term spiritual growth
Continue experience God @ finance market
Aim for life transform opportunities
- Even though it may not teach Billy & Bilibala what stocks to invest nor how to make more, more & more $

8.13.2009

China Construction Bank acquired AIG Finance

建行<00939.hk>旗下建銀亞洲宣布，以7000萬美元收購美國國際信貸香港(AIG Finance)，據悉是次收購作價低於澳紐銀行購RBS亞洲資產的約1.1倍市帳率，價錢合理。收購完成後，建行亞洲總貸款額預計將增至500億元，並令旗下個人貸款資產增加24%，並帶來超過50萬個信用卡賬戶。(ia/a)

Bilibala comments
AIG's brand name was damaged, it will affect its core business - life insurance. However, it's banking and credit card business should have much less impact. Given the purchased price is less than 1.0 book value, i think this is a good deal.

It will also help China Construction Bank to learn how international x-giant to run credit card business.

However, it is unclear to know how much is the bad debt attached with its assets.

No matter what, US$70M is too immaterial even if it have an over-expected debt, should not create significant impact to the bottom line.
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