Tomas Ng

Tomas Ng

Wealth Risk Specialist | Investment Educator

MA in Finance, FRM certified, took mass communication courses. Develops risk models for retail banking at a regional bank. Writes Mingda on Risk column for Yicai Media. Runs YouTube channel Margin of Safety using TV drama clips to explain investment risks.

Latest Articles

How Are U.S. Fractional-Share Trading Fees Calculated? Common Charging Rules for Orders Below One Share
How Are U.S. Fractional-Share Trading Fees Calculated? Common Charging Rules for Orders Below One Share
As of May 2026, for U.S. stock fractional orders below 1 share, platform fees are often calculated as trade value × percentage rate, then compared with a USD cap and the lower amount applies. You cannot estimate them using whole-share per-share pricing. First distinguish fractional shares from odd lots, then reconcile fee disclosures and trade confirmations.
How Are U.S. Stock Trading Fees Calculated? Breaking Down Commission, Platform Fees, and Pass-Through Charges with a Whole-Share Order?
How Are U.S. Stock Trading Fees Calculated? Breaking Down Commission, Platform Fees, and Pass-Through Charges with a Whole-Share Order?
As of May 2026, this guide uses whole-share buy and sell examples to break down U.S. stock commission, platform fees, and SEC/FINRA pass-through charges step by step. It explains why $0 commission is not free and shows how to reconcile costs using fee schedules and trade confirmations.
Why Has SpaceX Become the Leader in Commercial Spaceflight? A Breakdown of Its Technology, Costs, and Launch Frequency
Why Has SpaceX Become the Leader in Commercial Spaceflight? A Breakdown of Its Technology, Costs, and Launch Frequency
Why has SpaceX become the leader in commercial spaceflight? This article explains SpaceX’s competitive advantages through Falcon 9 reusability, launch costs, annual launch frequency, the Starlink business loop, and Starship’s long-term potential.
Why Should You Pay Attention to Losses Before the SpaceX IPO? How to Read the Financial Data of Growth Companies
Why Should You Pay Attention to Losses Before the SpaceX IPO? How to Read the Financial Data of Growth Companies
Before the SpaceX IPO, focusing on losses is not about assuming loss-making companies are uninvestable. It is about judging the source of losses, revenue quality, cash flow, capital expenditure, and whether valuation matches growth expectations.
How to Read the SpaceX IPO Prospectus? Which Risk Factors Should Retail Investors Focus On?
How to Read the SpaceX IPO Prospectus? Which Risk Factors Should Retail Investors Focus On?
How to read the SpaceX IPO prospectus? From Form S‑1, Risk Factors, financials, Starlink, Starship, AI losses, governance, lock‑ups, and fees—key risks retail investors should focus on.
Why Is the SpaceX IPO Getting So Much Attention? How to Assess Starlink, Rocket Launches, and AI
Why Is the SpaceX IPO Getting So Much Attention? How to Assess Starlink, Rocket Launches, and AI
Why is the SpaceX IPO such a big deal? From Starlink satellite internet, reusable rockets, AI/xAI, Nasdaq listing, valuation, Musk’s control, lock‑ups, and fees—analyze the business logic and risks behind the SpaceX IPO hype.
Is It Safe to Convert Digital Assets Into Fiat? How to Read Deposit/Withdrawal Paths, Reviews, and Risk Controls
Is It Safe to Convert Digital Assets Into Fiat? How to Read Deposit/Withdrawal Paths, Reviews, and Risk Controls
Whether converting digital assets into fiat is safe depends on asset source, deposit and withdrawal paths, fiat receiving accounts, platform review, and exception handling. This guide explains USDT withdrawal risk, fiat conversion safety checks, and how BiyaPay’s conversion and security information can support users.
Why Can't I Suddenly Buy Hong Kong Stocks or U.S. Stocks? First Distinguish Between Rule Restrictions and Account Anomalies
Why Can't I Suddenly Buy Hong Kong Stocks or U.S. Stocks? First Distinguish Between Rule Restrictions and Account Anomalies
You could buy Hong Kong stocks or U.S. stocks yesterday, but today you suddenly cannot place an order.
How to Judge Whether a Stock Account Opening Platform Is Reliable? 2026 Safety Checklist
How to Judge Whether a Stock Account Opening Platform Is Reliable? 2026 Safety Checklist
If you are comparing Hong Kong stock or US stock account opening platforms, the most common mistake is not “choosing the more expensive one,” but mistaking “able to open an account” for “worth opening an account.” What truly determines whether a platform is reliable is usually not advertisements, commissions, or account opening links, but whether you can find regulatory information, understand the review logic, confirm the safety of assets and documents, and anticipate whether subsequent funding and withdrawal will be smooth.
BiyaPay
BiyaPay makes crypto more popular!

Contact Us

Mail: service@biyapay.com
Customer Service Telegram: https://t.me/biyapay001
Telegram Community: https://t.me/biyapay_ch
Digital Asset Community: https://t.me/BiyaPay666
BiyaPay的电报社区BiyaPay的Discord社区BiyaPay客服邮箱BiyaPay Instagram官方账号BiyaPay Tiktok官方账号BiyaPay LinkedIn官方账号
Regulation Subject
BIYA GLOBAL LLC
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.
©2019 - 2026 BIYA GLOBAL LIMITED