Donate a book to the needy.

Some might remember that I was an Amazon affiliate. In fact, I mentioned it a few times before in my blogs as well. 

I decided to remove it. It is not as if people come to my blog to buy books, right? Also, it seemed like a lot of work to make a little bit of money which is not my blog's objective anyway.

Now, I am an affiliate of BetterWorldBooks which is a social enterprise. We have the option to buy pre-owned books which could otherwise end up in landfills or incinerators. 

We are helping BetterWorldBooks with programs to train teachers and build schools and libraries.

We are helping them to improve literacy amongst the underpriviledged.

I told a friend all these earlier when she giggled at the fact that for every book sold for $10.00 through ASSI, I get $0.50. So little, she said. 

Of course, some other companies might pay more commission but I like the idea that encouraging readers to buy from BetterWorldBooks is doing some good for other people who need a helping hand in life.

I was sent an email a few days ago to inform me that for every book that is purchased from BetterWorldBooks, a book will be donated to the underpriviledged. 

For every book we buy, pre-owned or new, some less fortunate child will be given a book. 

I really like this idea.

So, if you are thinking of shopping for books for yourself, family or friends, visit BetterWorldBooks to see if they have what you want and you will be doing good at the same time.

Related post:
Recommended books for FA and TA.

Sound Global: Full divestment.

Although its latest quarterly report does not inspire much confidence, fundamentally, this should be a sound business in the longer run.

China is bent on improving its infrastructure, including the improving of sanitation and increasing the availability of clean water supply. Sound Global is a logical beneficiary.

In the shorter term, however, it would be reasonable to expect margin squeeze and higher finance cost which would be a drag on performance. The rather sudden departure of its CFO is also a possible red flag.

Technically, momentum oscillators continue to trend downwards. The breaking of the rising 50d MA to the downside in yesterday's session was a bearish signal. Today, that signal was confirmed as a doji was formed below the 50d MA.

With momentum weakening and signs of distribution, we could see a lowering share price over time and the longer term 100d and 200d MAs tested for support. These are at 58c and 57c respectively.

There could be a better time to invest in Sound Global again some time in the future.

Related post:
Sound Global: Would I buy now?