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De Beers New Research Highlights Generational Shift In Attitudes Towards Provenance Of Luxury Goods

Younger generations more interested in ethics and sustainability as the new status in luxury and are prepared to pay a premium for this

LONDON, UK – Media OutReach – 23 November 2021 – New research published today in De Beers Group’s latest Diamond Insight ‘Flash’ Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated.

De Beers’ new global “I do.”  campaign centred on commitments to ourselves, to one another and the wider world.
Click here to find out more.

Based on research conducted among 1,000 US consumers, the report found that while consumers aged 50 and above cited quality factors as being their most important considerations relating to provenance of luxury goods (for example, French champagne, Italian cashmere), the 18 to 34 age cohort over-indexed on factors such as ‘human rights,’ ‘environmental impact’ and ‘from a company whose values I agree with.’

The research also found that consumers who valued information about a product’s provenance were prepared to pay a premium for this assurance, with affluent consumers being the most likely to pay a premium. Sixty-four per cent of all consumers and 73 per cent of affluent consumers (those with household income of more than US$150K per year) said they were willing to pay more for a product if its place of origin mattered to them. However, only seven per cent of consumers said they believed it was ‘very easy’ to discover where their products originated from, while another 29 per cent said it was only ‘somewhat easy’. More than half of consumers surveyed said it was ‘somewhat or very difficult to understand the story behind the items they buy’.

The study also found that while essential health and safety items such as food, cars and skincare ranked most highly as categories for which consumers were concerned about provenance, 34 per cent said they ‘care a lot’ about luxury goods and 35 per cent said the same about diamonds, highlighting that consumers are increasingly concerned about where and how their discretionary items are made.

 

Bruce Cleaver, CEO, De Beers Group, said: “It’s clear from this research that while provenance remains of high importance to luxury consumers, the meaning associated with provenance is shifting. Younger generations want assurance of the positive impact a product has created beyond simply knowing where it originated. This is creating a new status in luxury, where consumers want to show the world they care through their luxury purchases and are increasingly prepared to pay a premium to do so.”

 

The full Diamond Insight ‘Flash’ Report is available to download here.

About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of the De Beers Group strategy as it develops a portfolio of offers, including its jewellery houses, De Beers Jewellers and De Beers Forevermark, and other pioneering solutions, such as diamond sourcing and traceability initiatives GemFair and Tracr. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com.

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#DeBeers

DHL Supply Chain names senior appointments in Asia Pacific

  • Steve Thompsett appointed as CEO, DSC Australia & New Zealand and Life Sciences & Healthcare, DSC Asia Pacific
  • Prithu Srivastava named Chief Customer Officer, DSC Asia Pacific

SINGAPORE – Media OutReach – 23 November 2021 – DHL Supply Chain, the world’s leading contract logistics provider and a business division under Deutsche Post DHL Group, has named two senior appointments in Asia Pacific. The move further bolsters the region’s management team with long-time veterans, counting on their in-depth experience to support customers whose demands for supply chain resilience have only increased since the pandemic.

Steve Thompsett

Prithu Srivastava

 

Steve Thompsett, currently Chief Customer Officer, DSC Asia Pacific, will assume the role of CEO, DSC Australia & New Zealand and Life Sciences & Healthcare, DSC Asia Pacific. He takes over from  Saul Resnick, who will relocate to take up the role as CEO UK & Ireland, DSC. Prithu Srivastava, currently Managing Director, DHL Supply Chain Indonesia, will in turn take over Thompsett’s role as Chief Customer Officer, DSC Asia Pacific. Both appointments are effective 1 January, and Thompsett and Srivastava will continue to report to Terry Ryan, CEO, DSC Asia Pacific.

 

“Steve is synonymous with customer-centricity. In the past few years, the programs, solutions and systems he put in place have embraced digitalization and change, creating strategic products which, in the light of the pandemic, has proven farsighted,” said Terry Ryan, CEO DSC Asia Pacific. “Prithu’s track record in Indonesia has demonstrated the same spirit of innovation, entrepreneurship, and customer-centricity. In a fast-growing market, he’s demonstrated the ability to pinpoint specific market gaps and customer pain points, taking the weight of DSC’s product range to market with speed and agility to deliver on transformational deals for our business.”

New CEO for DHL Australia, New Zealand Cluster

Thompsett has spent close to 25 years in Deutsche Post DHL (DPDHL) Group and has a proven track record in a variety of turnkey roles in the UK and Asia Pacific. He stepped into his current position as CCO, DSC APAC, and member of the DSC APAC Management Board in 2016 and has been instrumental in driving growth in the region. With a diverse team spanning 13 markets, Thompsett’s profound knowledge of regional customer needs and extensive experience within APAC and Australia make him the ideal candidate to take over the leadership for the Australia and New Zealand cluster, and the region’s lead for the Life Sciences and Healthcare sector.

 

Thompsett will be based in Australia. “The past two years have demonstrated the criticality of our services, keeping supply lines running. At DHL, our mission is ‘Connecting People, Improving Lives’.  This has been evident during the pandemic. We’ve made sure our customers’ supply chain capacity has been maximized to keep essential supplies moving. The team has delivered consistently to a high standard, and it’s a privilege to helm a team of first-rate supply chain professionals in our Australia and New Zealand operations.”

 

Innovative problem solver to drive region’s growth

Prithu has been with DPDHL Group for 15 years and has worked on various cross-business unit projects across multiple regions. He joined DHL Supply Chain in 2011 and has worked as Strategy Director, South & South-East Asia, Vice President Business Development, Indonesia and since 2019 as Managing Director, Indonesia and a member of the DSC APAC Management Board. He has contributed significantly to the growth of DHL Supply Chain’s Indonesia business. Under his leadership, DSC Transport Indonesia saw several entrepreneurial initiatives introduced which helped the business in Indonesia establish new avenues of accelerated growth in the emerging market.

 

“DHL’s logistics capabilities are not just a cost center for our clients, but a strategic growth enabler. The recent pandemic linked volatility has further highlighted this. I look forward to engaging with our customers on how they can further leverage logistics as a growth enabler in Asia Pacific.” said Srivastava. “We have a market-leading portfolio across the region and have the ability to deliver agile services at scale. I look forward to working together with over 300 sales and solutions experts in 13 countries and implement value based supply chains for our customers.”

 

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 66 billion euros in 2020. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050.

#DHL

Susan Buda of Brady & Associates Wins Prestigious Gwen Fletcher Memorial Award

SYDNEY, AUSTRALIA – EQS Newswire – 23 November 2021 – Connectus Wealth Advisers, a partner firm of Focus Financial Partners Inc. (NASDAQ: FOCS) (“Focus”), a leading partnership of fiduciary wealth management firms, announced today that Susan Buda, a financial adviser with Sydney-based Brady & Associates Financial Advisers (“Brady & Associates”), won the second Gwen Fletcher Memorial Award awarded in 2021. Brady & Associates is part of Connectus’ global consortium of boutique wealth managers.

 

The Gwen Fletcher Memorial Award is given each semester by the Financial Planning Association of Australia in recognition of the highest performing student in the Certified Financial Planner Certification Unit. The Award is an internationally recognized designation and an acknowledgement of excellence in financial planning.

 

“We congratulate Susan on receiving this prestigious award and commend her for the dedication she brings to advising our clients,” said Paul Brady, Founder and Managing Director of Brady & Associates. “The CFP Certification program is a crucial element of enhancing the professional standards of financial planning in Australia, and Susan embodies the commitment to excellence that is at the heart of Gwen Fletcher’s legacy.”

 

“We are thrilled for Susan on receiving this important recognition,” said Rajini Kodialam, Co-Founder and Chief Operating Officer of Focus. “The team of talented advisers at Brady & Associates are leaders in their field, and their passion for excellence is at the core of everything they do for their clients. Focus and Connectus are committed to achieving the highest standards of financial planning, and we encourage all of our next generation advisers to further their education and obtain the relevant professional designations.”

About Focus Financial Partners Inc.

Focus Financial Partners Inc. (NASDAQ: FOCS) is a leading partnership of fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.

About Connectus Wealth Advisers

Connectus is a Focus partner firm with an innovative model for client-centric financial advisers who deliver comprehensive wealth management advice. Connectus is designed for founders and teams who want to continue managing their client relationships and maintaining their boutique cultures while gaining the operational efficiencies of shared services. As a consortium, Connectus offers integrated technology, investment support and centralized services, including compliance, accounting and talent management. Connectus also provides marketing capabilities to support business expansion through robust lead generation and organic growth programs. Connectus exemplifies the spirit of partnership and collaboration yet celebrates the entrepreneurial mind-set of its advisers.

Through Focus, Connectus advisers gain a strategic growth partner with specialized capabilities. They benefit from Focus’ global scale and extensive network of partner firms, continuity planning expertise and client solutions. Focus is also a source of permanent capital to accelerate growth. For more information, please visit www.connectuswealth.com.

Cautionary Note Concerning Forward-Looking Statements

This release contains certain forward-looking statements that reflect Focus’ current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus’ operations and business environment, including, without limitation, uncertainty surrounding the current COVID-19 pandemic, which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Focus may be found in Focus’ filings with the Securities and Exchange Commission.

#Connectus

Government to Spend Over USD 100 Million to Boost Domestic Production in Laos

Garment factory in Laos (Photo: ILO)
Garment factory in Laos (Photo: ILO)


The government of Laos plans to spend over USD 100 million to promote domestic production in the country and boost exports.

Acclaimed Digital Entertainment Leadership Forum 2021, Returns to Cyberport on 10-12 December

Three Days of Infinity Games to Break the Limits of Digital Entertainment

HONG KONG SAR – Media OutReach – 22 November 2021 – The annual digital entertainment flagship event, Digital Entertainment Leadership Forum 2021 (DELF), will return to Cyberport on 10-12 December. Cyberport will transform in the intersection for industry knowledge exchange and first-hand experiences of the latest technologies to present an all-new digital entertainment carnival. Besides forum discussions under the theme “Infinity Games – Breaking the Limits of Digital Entertainment”, participants will be able to immerse themselves in digital entertainment and esports experiences with the “sea”, “land” and “air” elements respectively to inspire infinite excitement. The three-day DELF will be held under a hybrid format of online and in-person participation and will feature more than 10 esports tournaments, over 40 live and on-demand industry forum sessions, and multiple game experiences and workshops.

Global industry leaders to reveal winning digital strategies for the future of entertainment

Digital entertainment has seen a blockbuster year amid the global pandemic. With stakeholders in emerging digital industries such as gaming and esports leading the charge, the industry is bound to continue its strong momentum in the post-pandemic era. Under the theme “Infinity Games”, top leaders in the global digital entertainment industry will gather in Cyberport to discuss how new technologies, business models and value chains of digital entertainment are driving innovation and breaking the limits of distribution, experiences, space, creativity, content, and speed. Cyberport Chairman Dr George Lam and Secretary for Innovation and Technology of the HKSAR Alfred Sit, will be the guests of honour of the forum.

 

The line-up of local and overseas heavyweight speakers include Adam Simon, Senior Vice President Strategy of IPG Media Lab, Dr Max Howard, former animation producer and studio executive of Walt Disney, Warner Bros. Feature Animation and DreamWorks and currently the Visiting Lecturer at the Academy of Film of Hong Kong Baptist University, Ben Zhao, General Manager of NetEase Esports,  Hendrick Sin, Co-Founder & Vice Chairman of CMGE Technology Group, Michelle Zhao, Director, Head of Gaming, GCR of Meta, Cesar Caceres, Technical Head of APAC of disguise, Kathy Wen, Director, People & Operations of Riot Games, Becky Yeung, Regional Head of Brand Partnerships of Warner Music Asia, Evan Auyang, Group President of Animoca Brands and Hanjin Tan, co-founder of Naffiti. The speakers will share exclusive content such as the hot topics in digital entertainment, industry trends and influences of metaverse. In the session “Scaling Hong Kong to Nordics”, Mr Matti Räty, Senior Director of Engineering, Operate Solutions at Unity Technologies is invited to share the development of the Nordic game industry.

Infinity games – infinite excitement of sea, land and air

A series of Infinity Games designed with elements of “sea”, “land” and “air” will be held at DELF, including the CityU Underwater Robotics Competition, FIA Motorsport Games Digital Cup HK Representative Show Match and the 2021 FAI Hong Kong Open Drone Racing Championship. These games have been curated to inspire participants to breakthrough their understanding of traditional esports and lead their imagination to reach the heights of the sky and the depths of the sea. The forum will also host a series of esports tournaments and exhibition matches, including the Hong Kong eSports Corporate Challenge, Harry Potter: Magic Awakened Yesports Asia Cup Final and the Rainbow Six Siege – Hax Kase League S6, as well as the FIFA Tournament by Government Information Technology Professionals Association (GITPA) & Electrical and Mechanical Services Department (EMSD) Staff Club, and Elderly FIFA Competition by HKITDA and RCSHK. Innovator showcases, game experiences, workshops as well as start-up pitching will be presented in the all new hybrid format that allows industry players, esports enthusiasts and the public alike to immerse themselves in the excitement live in Hong Kong as well as virtually at any time, from anywhere.

 

Spotlight event to cover multiple digital entertainment areas and new experiences

Another spotlight event of DELF is the APRU MetaGame Conference 2021, to be held on 11 December. The conference is hosted by the Association of Pacific Rim University (APRU), a consortium of the world’s top research universities, with the aim of providing participants with a more thorough understanding of the esports ecosystem.

 

DELF will also present DE*SPARK, a month-long series of esports and gaming events, including RoboMaster 2021 Youth Tournament (Hong Kong) (Secondary School), AWS DeepRacer 500 Strong Training Day and Valorant Champions. It will extend the DELF’s momentum to increase the business and community’s understanding of the esports and digital entertainment industry.

 

Interested parties can register at https:/delf.cyberport.hk/

 

For high resolution photos, please download via this link.

The Digital Entertainment Leadership Forum (DELF), organised by Cyberport, will be held on 10-12 December. Under the theme “Infinity Games – Breaking the Limits of Digital Entertainment”, industry leaders will look into future industry trends and influences.

DELF 2021 will present the Infinity Games that challenge the participants to a series of exhilarating games with infinite excitement of sea, land and air.


About Cyberport

Cyberport is an innovative digital community with around 800 on-site start-ups and technology companies. It is management by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups on their growth journey, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital transformation in the public and private sectors.


For more information, please visit www.cyberport.hk

#Cyberport

Proposal Passes for Creation of $500M Blockchain Gaming Organization in Partnership With BitDAO and Forte

Game7 will accelerate the adoption of blockchain technology in the $180B gaming industry.

HONG KONG SAR – Media OutReach – 22 November 2021 – Full proposal: here and visit BitDAO.io and follow BitDAO and Game7 to stay up to date on Game7 and other BitDAO developments.

Ronen Kirsh from Forte Labs and Jon Allen from Magnus Ventures, in association with multiple gaming industry and technology veterans, successfully proposed the creation of Game7 — an initiative led by community partners including BitDAO, Forte, Alameda Research, and Mirana Ventures. Additional organizational partners include: Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana Ventures.

Game7’s goal is to accelerate the adoption of blockchain technology within the gaming industry through a $100M grants program, and by investing in blockchain gaming initiatives.

Gaming has grown to a $180B industry annually — more than the film and music industries combined. Gaming communities have become an essential part of the overall entertainment experience. Despite large investments of time and money into the games they play, gaming communities never truly own the items, characters, or achievements they earn. Blockchain and Web3 technology will fundamentally transform the gaming industry by providing more transparent and equitable economic and social systems for all participants, and allow them to have true asset ownership and portability of the virtual goods they purchase.

Additional individual support includes: Aron Beierschmitt, BoredElonMusk, DeFi Vader, Gmoney, and Jerome Collin.

Brian Lee, a Partner at Alameda Research commented, “Gaming has become one of our main investment focuses this year and we are very excited to be part of Game7.io and work with Forte, the go-to token-based gaming infrastructure, BitDAO and Mirana Ventures, to back incredible game developers and accelerate blockchain-based game adoption.”

Steven Goldfeder, Co-founder and CEO, Offchain Labs said, “As we think about the future of gaming on Arbitrum, we’re incredibly excited to partner with and support Game7 to fuel the development of scalable and self-sovereign blockchain based games.”

Interchain Foundation, “Community-driven initiatives are so important to the success of open source and decentralized technologies. From a technical perspective, Game7 is in a great position to enable the success of scalable, sovereign, and interoperable blockchain systems for the gaming industry. Game 7’s mission is to enable the most innovative publishers and studios to build great blockchain games that open up new ways for the players to interact and transact in a way that tangibly benefits those players; we are thrilled to support this mission.”

About BitDAO

In under one year, BitDAO has become one of the largest decentralized treasuries in the world with billions in assets. Leveraging a tokenized governance system, BitDAO continues to display and execute on its open mandate to foster technologies that present entirely new ways for people to work, engage, and transact together. BitDAO’s mission is to support builders of the decentralized economy and showcase the potential of DAOs.

A primary activity of the BitDAO ecosystem is to partner with “autonomous entities” (AEs), like Game7, that are funded in part by the BitDAO treasury. These AEs consist of independent governance systems, and create aligned economic links back to the treasury itself, enabling the viral growth of more value producing AEs.

#BitDAO

About Forte

Forte is building economic technology for games that is secure, easy to use, and provides a great player experience. Its end-to-end blockchain platform enables the emergence of community economics, a system where the interests of game developers, players, and greater game communities are aligned, leading to healthier, sustainable game communities. The team is composed of longtime industry members (Unity, ngmoco, Riot Games, Electronic Arts, Sony, and Rockstar Games, among others), and is currently working with over 30 acclaimed game developers from across the globe to reimagine the economics of games.

About Mirana

Mirana manages billions in digital assets with a broad mandate for all things crypto related including: equity, token, and fund investments; liquidity support, and other asset management strategies.

About Alameda

Alameda Research was founded in October 2017. Alameda manages over $5 billion in digital assets and trades over $10 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. Alameda has a full-scale global operation with the ability to trade on all major exchanges and markets.

VP Bank expands Hong Kong office to fuel growth in Asia

HONG KONG SAR – Media OutReach – 22 November 2021 – VP Wealth Management (Hong Kong) Ltd, a wholly owned subsidiary of VP Bank in Liechtenstein, today announced the expansion of its Hong Kong office. This move aligns with VP Bank’s Strategy 2026 to further its growth in Asia.

 

VP Wealth Management (Hong Kong) Ltd has been focusing on wealth management and family office services for wealthy private clients for the past 15 years. With Strategy 2026 and its strong foundations in serving intermediaries and private clients, VP Bank aims to become an open wealth services provider by providing a platform that amalgamates traditional banking activities with the rapidly evolving digital ecosystem. Additionally, with the recently formed Asia Management Committee (Asia Manco), VP Bank has created an umbrella market within Asia that fully integrates Singapore and Hong Kong. This further affirms the Bank’s dedication and competitive edge to seize opportunities in this region.

Head of Hong Kong, Reto Marx, said, “Asia represents one of the top priorities in the Group’s Strategy 2026. In Central Hong Kong, our modernised office space will accommodate for growth and scale. We are fully committed to this region and continue to invest and re-energize our business model in order to cater to our clients’ evolving wealth management needs.

 

Chief of Staff Asia, Ms Heline Lam, added, “In line with the Group’s Strategy 2026 and to support our vision in Asia, we have committed to a new office space in Hong Kong’s core central district. This office space, which comprises our own floor, allows us to accommodate more than double our headcount.” 

About VP Bank Group

VP Bank established in 1956, is a leading bank in Liechtenstein with an international presence in Switzerland, Luxembourg, Singapore, Hong Kong and the British Virgin Islands. VP Bank Group offers comprehensive wealth management solutions for intermediaries and private individuals. VP Bank is listed on the Swiss stock exchange. It has an “A” rating from Standard & Poor’s as a well-capitalised and secure bank. It provides independent advice and access to leading investment houses through its open architecture. A standout feature of VP Bank is its strength in working with financial intermediaries and wealth managers to offer best in class solutions for clients.

VP Bank was awarded Best External Asset Manager Service Provider and Best Private Banking Regional Partnership at Greater China WealthBriefingAsia Awards for Excellence 2020 and Best Asia EAM Service Desk at Citywire Asia EAM Desk Awards 2020. In 2021, VP Bank was named Best Private Bank – Intermediary Services by Asian Private Banker and ‘Best Boutique Private Bank’ at the 9th annual WealthBriefingAsia Awards 2021.

#VPBank

OctaFX’s Five Expert Life Hacks: Earning on Black Friday Instead of Just Spending

During the Black Friday season, most people prepare to spend vast amounts of money. But what if you could flip this? One would be earning money instead—during the most prominent discount period in the world. OctaFX’s experts explain how.

KUALA LUMPUR, MALAYSIA – Media OutReach – 22 November 2021 – The international Forex broker OctaFX has ventured to think outside the box once again. While most people and businesses concentrate on spending and selling stuff at steep discounts, OctaFX offers opportunities to earn money and increase income during this global mass purchase-fest. The fintech firm bundled some influential financial experts to outline five easy approaches to increase income during the Black Friday season.

 

Take Advantage of Shortages on the Job Market

Searching for a part-time job sounds obvious enough, but surprisingly, people rarely notice this opportunity—at least not as many as one would suspect.

 

Many employers are actively looking for motivated new team members during those exceedingly busy cycles—this aspect concerns the lack of workforce, especially in sales, IT, or design. Particularly the IT sector is in dire need of supporting its websites’ overload with additional personnel. Applying ahead of a season like this can give you another advantage over latecomers.

 

Investing Ahead of Time

Although this sounds relatively straightforward, the proposal here is that the stock market is expected to be very volatile during such days. Paying attention to some companies’ stocks, whose products could very likely be in high demand during sales season, could prove lucrative. If you feel late for Black Friday in this regard, the Christmas season might be just far enough to apply this strategy successfully. The approach gains more traction the earlier you consider and finalise the investment.

 

Trading Foreign Exchange

Factually, all Forex brokers launch some kind of promotional initiatives during seasons like Black Friday. The secret is how to find the most reliable, profitable and advantageous ones.

 

You have to research the promotional conditions well. The track record of past events is indicative of a trustworthy broker, too. Usually, you can discover their offers around 1-2 weeks before the event.

 

‘In the financial market, such as Forex, these “promotional” periods apply, too. When we devise technical analysis at such a time, we do it by a method called “seasonal analysis”,’ explains the recipient of the Most Popular FX Trainers in Malaysia award, Kar Yong Ang.

 

Likely, your favourite currency pair or the most popular one on the market has some great and unique conditions in terms of special spread or leverage offers. This holds true not only for classical fiat currency pairs but also for the relatively novel market of cryptocurrencies—especially the ones paired with bitcoin (BTC).

 

Take Advantage of Retail Prices

This option might be obscure since it actually represents the act of purchasing. But again, the more you research the offers, the better chance you’ll have at catching the best retail price for an item you would’ve purchased anyway. This strategy becomes even more powerful if you consider the well-observed fact that an item usually increases in price after the Black Friday season compared to before the season.

 

The Top Forex Analyst in Asia by WikiFX of 2019, Kar Yong Ang, highlights: ‘Implementing a traditional business plan, you could buy certain goods beforehand, only to sell them at a considerably higher price after the season. Leveraging on such promotions can generate decent sales and thereby profits’.

 

Once again, if the current discount extravaganza has left you unsure about your timing, don’t forget about the upcoming Christmas season. In terms of buying goods, it often even surpasses the Black Friday conditions.

 

Sometimes Not Spending as Much Money Amounts to Having Earned it

If you saved money on a purchase, then this could be considered earning.

 

Buying products, stocks, real estate, or currencies should never be emotional. When money is involved, you should implement a patiently pre planned strategy. Proceed according to this framework and try to avoid impulsive buying. Purchasing by impulse can make you end up at a loss.

 

Financial expert Kar Yong Ang agrees and adds, ‘I will usually wait for my purchases’ discount during those days since we are talking about up to 40% off the original price’.

 

So the critical point manifests notably in the trader community—developing and holding on to this psychological discipline enriches your overall spending strategy. It becomes even more crucial during the whole sales season. Thus, invest enough time in personal development, and if something goes wrong during the plan implementation, do not worry.

 

Gero Azrul, who won the Traders Awards Malaysia 2020 award, further extends this piece of advice: ‘You should consider mistakes as part of a conscious training process towards greater financial sovereignty later’.

 

About OctaFX

OctaFX is a global broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience to over 6.6 million trading accounts worldwide. In addition, the company is well-known for its promotions and high service standards. OctaFX has won more than 45 awards since its foundation, including the Best ECN Broker 2020 award from World Finance and more recently the 2021 ‘Best Forex Broker Asia’ award and the 2020 ‘Most Transparent Broker’ award from Global Banking & Finance Review and Forex Awards, respectively. The company is well-known for its social and charity activity.

#OctaFX