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Tuesday, 27 June 2017

June school holidays almost over liao!







To teacher friends out there... Hang in there! 

December school holidays only 5 months away. Hope springs eternal!



To parents out there...

Hello! MOE and school teachers not surrogate parents OK? 










Sunday, 25 June 2017

I'm bored. Say something leh!


Let's do something different for a change.

You start the conversation first!

Anything!





Tuesday, 20 June 2017

Look Good By Helping Your Employer Save Money!


Big daddy has quite a few initiatives to help retrenched and unemployed PMETs (Professionals, Managers, Executives, and Technicians).

If you are one, you may want to explore your options with e2i.


However, you are not the target audience for this post. I'm not a bleeding heart, remember?


If you are a small or medium sized business owner, work in HR, or a manager looking for new help, listen up!

I may have just saved you $42,000 over 18 months. Wink.


Quick test: Have you heard of the Career Support Programme for PMETs? And its enhancements since 1st April 2017?

I bet its a no.

(Hey you from NTUC, put your hand down, of course you know!)


If you hire a PMET Singapore citizen age 40 and above who has been actively looking for a job from more than 12 months, and you pay him/her at least $3,600 /month ($4K for non-SMEs), you can get 50% back from big daddy (cap at $3,500/month) for up to 6 months!

(Who says I can't write in CPF style england? I under why they write the way they do after my sentence above!)

Big daddy will continue to provide salary support to your business for the second 6 months and the third 6 months, but at a sliding lower percentage and salary cap.

You get less if the candidate has been actively looking for a job for less than 12 months, or the candidate is below age 40.

But hey! Its still "free" money from big daddy! Might as well take!

Don't take "white" don't take!


Check out this website if you are intrigued: Career Support Programme



I know. You not a business owner (why would business owner read my blog). And you not retrenched and unemployed PMET. Why should you care?

Karma.

If you are now looking to hire someone for your department, you may want to consider our brethren who is age 40 and above?

What goes around comes around. 

You never know when you reach 50 you'll be retrenched too...

Besides, helping your employer save up to $42,000 for 18 months will look good to you.


As a business owner, I only care who can help me EARN more or SAVE more. 

Everything else is just bullshit.



Sunday, 18 June 2017

Don't do everything for me


Yes. I am single, not married, and not a parent.

You win.


But I had a childhood.

You did too right?


Was it a memorable and fun one?

Did you have the space and freedom to explore and make your own mistakes?


Remember you had to scrimp and save your pocket allowance (if you ever had one) to buy that silly plastic toy you always wanted? 

Hey! Its probably still in your treasured collection now while the more expensive toys others gifted you were long forgotten and thrown away...


How did you feel when you've done a task all by yourself for the first time? 

Like assembling your first model aeroplane?

Completing your first colouring book?

No?

Your over eager parents often will intervene and finish them for you... No fun one...


What?

You promise you won't do that to your own children?

You won't take away their own sense of accomplishments...

You rather be their cheerleader; not nanny state.





Tuesday, 13 June 2017

That's what an Emergency fund is for!


I can empathise the frustrations of youth when they hear "emergency fund".

Often in our haste to reach financial freedom, we take short-cuts by pretending that our Opportunity fund is also our Emergency fund. You become grey.

Which is ironic as when it comes to other financial matters, you count in 2 decimal places and you swear by "SMART" goal setting precision... You are super black and white.


Buying a fire extinguisher and not using it may look like good money down the drain... Let's say I'm glad I have a fire extinguisher lying around that I can use right now!


Someone close to me has a financial emergency right now. Thankfully its not the medical kind!

I'm glad I can chip-in without liquidating my existing investments or dipping into my Opportunity fund.

I have an Emergency fund for a rainy day, and its raining now. So don't have to think twice. I can ACT.




I am reminded of my 5 year old post: Taking Care Of Ourselves First
 





Thursday, 8 June 2017

Call Levels - Free Price Monitoring Alerts


First of all, I use Stops, but that's because I am trading full time.

Amateurs Part time traders and retail "investors" use Price Alerts.

What?

Ah ber then?



Most brokers do provide FREE price alerts service for equity traders/investors.

Even that cheapo stocks platform also got price alert service - albeit they will charge you for each SMS sent...

Don't look surprised; its like flying budget airlines - they'll nickel and dime you for everything!



How about price alerts for forex, commodities, stock indices?

Don't have right?

Want to have it for FREE?



Don't say bo jio!

You may want to check out Call Levels.

This one power.

Can track 10,000 assets in forex, commodities, stocks, and indices! You win liao!

Also check out the co-founders. (Don't ogle too long; screen break oredi)

And their backers. (Love the Lippo building in HK with the cute cute Koala bears)



If you like it, you may want to upgrade to the paid version. (Hello, its a business; not a charity)





Tuesday, 6 June 2017

The Power of Commissions!


If the power of compounding is one of the great forces in this universe, then the power of commissions will come pretty close as the no. 2?

There's a reason why Robinsons during my time was one of the better premier department store with excellent service in Singapore - commissions and incentives.

Unlike most retailers who just paid a basic salary only, at Robinsons, there's a tiny tiny personal commission when we key-in the sales with our own staff code. Then there's a department incentive pool that's shared by us if we hit and exceed the departmental sales target.

That's why when you shop at some retailers, whether you buy don't buy the sales staff couldn't care less. You don't buy even better! Less work for them.

(I don't shop at Robinsons anymore - new owner, new management, not the same)



Without commissions, you think your private banker, property agent, remisier, insurance agent (I refuse to call them financial consultanst) will be so interested in your financial "well being"?

Give you "free" advice on how to increase your wealth?



How about long lost "friends" and relatives who never stayed in contact suddenly called to just "meet up"?

During my 20s and 30s, some of my friends who were insurance and property agents offered me $50 for every person I introduced to them that resulted in a sale. 

You think why tour guides and taxi-drivers bring tourists to certain restaurants and retail stores only? Wink.



OK, even if you've never worked in Sales before, there's some "activities" in your corporate life that will be "recognised" and receive more "brownie points" over others.

Have right?

The other "bei kambings" in your department work hard; you work smart. Shh...




For those who are easliy trapped by words, I think I better spell it out for their sake. I'm in a generous mood today!

Commission is just a word. It can easily be substituted with "kopi money", bribe, "I scratch your back you scratch mine", greed, lust, power (here's looking at you, politicians), and all the other biblical vices.



Without commissions, who wants to be Shepherd?

Wool, milk, meat - now that's commissions for you!







P.S.  All those of you young young male financial freedom seekers. You don't bluff! The reason why you seek financial freedom is never about the optionality of work. 

Its always about girls. 


And the same reason why women buy beauty products and "invest" hours at the gym or spa - you want to be financially free.



 


Saturday, 3 June 2017

Get Rich Fast Vehicles - A Trip Down Memory Lane


I will be hitting the big 50 end of this year.

Like all "uncles", I too like to reminisce about the good old days...


I see the community is currently enamoured with trading of Penny Stocks, CFDs, and Forex. Which makes sense as a little capital can win a lot - provided you don't bust your trading account first.

It wasn't so long ago (Oh shit! Its been 10 years already?) that Options were the rage... That's until the students sued their "shepherd" for being a charlatan... Options never did recover their mojo ever since. Its now been replaced by CFDs and Forex.

Before Options, it was Contra Trading. Now a dying art. How many young 20 somethings of today have traded Contra? You may never have head of it even!


When I started "investing" at 1999 during the dot.com boom, it was mainly Peter Lynch this, Peter Lynch that. Everyone was into "Growth Investing". That's the realm of 10 baggers! There was little mention of Warren Buffett - who was lagging and under-performing big time...

Then things took a sudden dive. And out of now where, everyone sort of became "Value Investor" reborn?

I find it ironic, even to the point of comical, that after a 8 year bull run since 2009, people are still parroting "value". Really? 


Of course, it would be remiss of me to not mention the growth and popularity of Low Cost Passive Indexing. Its not my cup of tea. And looking at the trading volumes of the two STI ETFs, its not for the majority either!

However, in the States, Low Cost Passive Indexing is gainig market share at the expense of Hedge Funds. I guess most Singaporean "investors" did not get the memo? Or maybe the majority of us think we're the next Warren Buffett?



That's the investing/trading vehicles of the decade side.

How about careers and jobs?

I remember when I started working during the end of 83, the classified papers have lots of advertisements promising you can be a millionaire by becoming an Insurance Agent. Remember those cowboy days?

Then MAS clamped down the excesses of the insurance industry.


Next came the property industry during the great property boom. Using the same trickery, they promised you'll be a millionaire if you join their agency! Workshops and seminars were recruiting platforms, "Come! Join me and I'll make you rich!"

MAS too clamped down on the property industry's hyperbole.


Like chopping off the head of a Hydra, two more will grow in its place.

Yup, multi-level marketing jumped in to fill the void. Norni juice this, anti-oxidant vitamins that. Anyone still buying vitamins from MLM setups today?  

Internet Marketing was the next one. This one I gotta laugh! It's so easy to spot the smarter students. These smarter students after taking the course will in turn offer their own Internet Marketing courses to others!!! Now that's how you make money off Internet Marketing! LOL!  


Now? I see less job advertisements that promises you a millionaire career. I suspect its because most Singaporeans are now better educated. If you are tertiary educated, why on earth do you need to do sales?

Since most people have a reasonably well paying job but its not something they enjoy, snake-oils have found its much easier to sell you "get rich schemes" than promise you a well paying career.

Hence the proliferation of scams like Gold Trading, Land Banking, Ostrich Farms, Binary Options and what not!


Totally legit, but still smell a bit "scammy", we have operators that promote overseas properties, forex, CFDs, and other derivatives that target "bei kambings" only. No way will they have courses that target advance investors/traders... Then the "bawu" will be obvious to all!!!

Now that's a red flag for you! Wink!





Thursday, 1 June 2017

Space Fillers and Fun Distractions


Doing trading full-time can get really boring especially for my style of trading.

If there's no wind, there's pretty much nothing I can do. So to pass time, I do play some intraday punts from time to time.

There was a period I hit a lucky patch where it was quite lucrative!

I had to consciously be mindful and tell myself not to be distracted by these small winnings.

Keep the focus on the main prize.



I had a Shanghai colleague who got promoted from company driver to IT admin.

You'll be surprised many of the receptionists at our China and Thailand offices were university graduates! They pay their dues for 1 - 2 years and when opportunity knocks, they'll be transferred to a job more in line with their qualifications.

This Shanghai colleague unfortunately got distracted with his gaming hobby... He was using company time and resources to maintain his network of Diablo gaming members - he was the Clan leader. 

My Romanian boss fired him. 



For more mature readers, during our younger days, we have done this to others or let others do this to us.

You know, while waiting for the right one to come along, we have a space filler for the time being...

Its all fun and games (although not something we want to boast about) provided we don't marry the space filler for the wrong reasons! Like out of guilt, sense of responsibility, shotgun accident, etc.



When we are clueless to what we want to do in life, a good space filler and distraction would be to jump on the financial freedom bandwagon like everyone else.

At least it gives cover or illusion that we have a goal in life!

But when questioned what you want to do after you have achieved your financial freedom, you realise you haven't seriously thought about it. You'll decide when you get there. 

And that's why people move the goal posts. To buy more time to figure things out... If they ever do.



When you see retirees playing jackpot mindlessly at those "members clubs" or at our "integrated resorts", understand that they need to find "fun distractions" to fill up the day.

The day can be excruciating long if you have nothing to do all day...

And that's not something you want to put yourself through when you've achieved financial freedom!





Friday, 26 May 2017

Go Find A Purpose!



Zuckerberg to Harvard students: Eureka moment is a lie, go find a purpose


I know what you are thinking. You are right. 

Newton's third law of motion: For every action, there is an equal and opposite reaction.

That's why I always like to hear the opposite view:


Survivorship bias





Want to have a bit of fun this weekend?

Look at those people who wear "goals" on their lips all the time. Take a good look at them.

In case you forget, goals usually have numbers in them, without them, goals would not be "SMART", would it?


Now try to come up with people who espouse vision, mission, dream, purpose, ikigai, and what not...

Yes, its all written in words that are fuzzy and super broad that can mean anything!


Can you spot a pattern?

Don't force it.

You'll spot it when you spot it. 

And not a moment too soon!




Sunday, 21 May 2017

Exclude this, exclude that...


Its quite easy to spot a person who is English or Chinese educated in cyberspace.

English educated ones like to compartmentalise everything; Chinese educated ones tend to be more holistic in their outlooks.




CPF

I don't include CPF as part of my networth.

OK...

What happens when we don't treat CPF as real money?

1.  We got suckered by snake-oils into buying "junk" insurance policies that we don't need or can't afford down the road...

I know, it cool to buy Integrated Policies to stay at private hospitals. Then you turn round and "pity" your friends who can only "afford" Integrated Policies for Class A wards in public hospitals... You poor thing...

Sure, gloat now. When you hit your late 50s or 60s, you may discover you can't afford the increased premiums.

You pray you won't need hospitalisations least your "poor thing" friends discover you no longer can afford private hospital stays... And have downgraded your Integrated Policy for public hospitals in your 60s.

Which is embarassing in logic.

When you young and healthy, you overpay for something you likely will not need. When you most likely would need it in your 60s, you now go the opposite downgrade way!?


2.  Since money in CPF you can't see or touch in a zillion years due to the constant shifting of goal posts, you decide to "gamble" with your CPF money under CPIS in the guise of "investing".

Don't worry! I'm a long term "investor"!

Even big daddy is embarrassed by the actual track record. The majority of CPF members who invested under CPIS have lost money or made less than the CPF OA 2.5% hurdle rate.

Well, so  much for loooooooooooooon term investing... And good intentions.

Not to worry. The smart people are at it to introduce new CPIS rules to prevent CPF members from "hurting" themselves. I'll bolt if they continue to say its for your own good!


3.  To those who include CPF as their net worth, what do they do? They will find ways to optimise their CPF funds.

I don't need to spell them out. 

In recent years, there are quite a few copycats of the bleeding heart. Voluntary this, voluntary that. LOL!

I'm not a big fan of that savings route. But it may work well for those who have neither the time nor competence for investing.

I prefer the earn more or investing route. (I abhor voluntarily adding more cash into CPF!!!) 

I delay the repayment of my housing loan by taking the longest loan period possible. This would free up more CPF funds under CPIS to "market time" my way to join the minority of CPF members who made money under CPIS.

Different strokes for different folks.

Does not matter whether its the savings or investing route; the important thing is we BOTH treat CPF as part of our net worth.

The Chinese have a saying on the line that if we do not respect money, why would money stay in your pocket?



Property

If we do not have a 2nd investment or rental property, the property we are staying in cannot be viewed as an "investment".
 
Want to bet the person making the statement is a HDB heartlander?

I'll take the bet anytime!

A person staying at a bungalow, semi-D, terrace house or townhouse will not make such a statement, would he?

The private banker serving high net-worth clients would not think that way too.

If a client walks in with zero cash but owns a bungalow, I'll see dollar signs straight away!

I'll suggest the client take out a home equity loan of $10 million for his $20 million bungalow at a special low low bank interest of X%.

Invest this $10 millon into several of my proposed investment vehicles (those that give me good commissions of course) that return a "projected" X+Y% returns.

Presto!

Now everyone can be a carry trader! Opps! I meant "savvy" investor. Look! You're an accreditted investor! Wink.


OK, not everyone is high networth. 

Lets return to the HDB heartlands.

Even without a 2nd investment/rental property, those who treat the humble HDB flat as an investment would play the 2 bites of the cherry, upgrade, downgrade game.

Look around your relatives, neighbours, colleagues and classmates. There are lots of annecdotal evidence. Verify for yourself!

See?

The Mind or psychological part of investing is quite powerful, isn't it.



Luck

My definition of luck is preparation meeting opportunity.

No opportunity is one thing.

Opportunity came but you can't recognise, its another thing.

Opportunity came, you recognise it, but you refused it... That's all you! 



Friday, 19 May 2017

$1 Billion Dollars Bid For Queenstown Land Parcel!



Record $1b bid for Queenstown land parcel



Cool or what!?

If you look at the bottom picture, to the North of the orange Sale Site boundary, there's a quaint Taoist temple just on the edge (not clear on the pic).

4 HDB blocks further North, that's where I grew up in my HDB 3 room flat 😊😄😅😏😛


And to the left where you can see landed bungalows, that's where my family GP lived. His clinic is the white HDB just North of the Sale Site boundary.

He should be in his 70s now? He inherited his clinic from his dad. Not bad right? I mean one clinic with an assistant only - 2 person show. And serving ordinary Singaporeans in the HDB heartlands; not "attas" patients in Orchard Road.

Those were the days when landed properties were within reach for most professionals.

He worked hard. I remember his clinic was open in the morning, afternoon, and night. Of course got 2 hours lunch and dinner breaks, but still...

Now the clinic is opened only in the morning and afternoon. I think he has earned the right to "relax" a bit. Wink.

People of his generation will never understand the youths of today seeking retirement by 35.


Big daddy very smart. That place had been left empty for around 15-20 years or more? Pay en bloc compensation at 20 years ago prices, patiently wait and wait, and when "Ah Tiong" comes awash with money, sell!

Now that's something I should emulate!


I remember my Dad and our neighbours were quite excited about us being en bloc soon 20 years ago. Rumours were flying all over the place. Then the enthusiasm faded away with each passing year...

I guess the flame of hope has been rekindled?

I wouldn't hold my breath.

But in another 15-20 years? Who knows?

I mean when we hit population 8 million, tearing down older 12 storey HDB flats and replacing them with 43 storey HDB skyscrapers makes a lot of sense. 


First reaction when reading the news is a smile. I resident of Queenstown mah!

But then, it reminded me of the Japanese in the 80s overpaying for properties in the States during their shopping sprees before the Japan economic bubble burst.

Then I smiled again.

Good, good.

Sell high is always better than selling low like those investors who bought Sentosa properties at the highs and now selling low...

Big daddy making money is always a good thing.

Maybe.






Wednesday, 17 May 2017

Data point of One - That is all you need?


Tuesday is my movie watching day.

And the GV cinema at Vivocity is one of my favourite.

Had lunch at the "one person; one plate" Hokkien mee stall at Seah Im Food Centre:



Hokkien Mee at Seah Im Food Centre



I used to worked at the old Cable Car Tower 20 years ago.

Same stall; same owner.

Wife now wears spectacles; husband's hair has turned all white...

Husband still jokes and smiles to the regulars. I was once upon a time a regular.

Their prices very reasonable at $2.50 and $3.00.

The photo above is the $3.00 plate. I big tummy mah!

Want to know whether their chilli good?

Must pay extra $0.50 for more chilli!

That's how you know! Which means many have asked for more!

No, the picture shows they not stingy with their chilli - regular chilli portion. The extra $0.50 is more for "chow kuan" (greedy) customers.

We know the type. More chilli, more noodles, more veggie, more soup - but still pays the same...



No, this post is not about the Hokkien mee or the movie I've watched - Guardians of the Galaxy 2.

It's about drawing first impressions from data point of one.



I'm a fan of Dell computers. Had good experiences with them - whether its PCs or notebooks.

However, my notebook purchase last year was a "lemon". The motherboard had to be changed only 6 months into usage...

Their recovery was great! I even wrote a compliment letter to the third party technician who handled my case.

Took the opportunity to ask about the pros and cons of on-site recovery versus service centres. And how many cases the technician have to handle in a day. May come in useful when another ACCS like company wants to do a listing here. Wink.

I've worked in Supply Chain. I know no matter how good a company is, there will always be "lemons" that will slip through Quality Assurance.

Its too "expensive" if we really want to ensure "Zero defects".

With my previous pleasant experiences with Dell products and service, one "bad" experience will not deter me from buying from Dell again.


Now contrast this with a first time customer of Dell. If you had to change a motherboard six months after purchase, even if the repair was covered under warranty, you would probably go round telling your friends, if asked, not to buy from Dell, wouldn't you?



Just now, while having breakfast, the regular old lady selling paper tissues once again approached me. I ignored her, as always.

If you first time visitor to this hawker centre and saw me doing it this, you would probably think I so heartless, so stingy. One dollar only...

But if you regular or residents living around here,  you would probably do the same as I.

This tissue old lady uses the "guilt technique" which I don't like.

She'll either throw the packets of tissues on the table or shove it in your face. Expect us to "support" her because she's entitled?

Even if she is pleasant and nice, I can't be buying tissues from her every day. Can I? There's such a thing called charity fatigue...



The same applies to REITs. Some will sing praises because they have never made losses on them.

But some will complain and be cautious on REITs as they have been burnt by them - especially in 2008 during the Lehman meltdown...

Just like if you asked Sabana REIT retail investors. Those who made good money and those who lost money will each have their own versions to tell.



A financial blogger appearing in the papers sharing his financial journey. If you don't know his backstory, of course some may question whether $500K can be financially independent meh? Is that enough in Singapore? Really?

But to those who know and have followed his journey, you would understand what his financial independence meant. Especially knowing his heritage, and after his sharing of some projects in the pipeline...

That's because those who question are probably using financial independence to escape; while our blogger friend is using financial independence to achieve.

Once you know the difference, the perspective changes. Wink.



Next time you're tempted to form an opinion with a data point of one, ask yourself why in your day job when it comes to making a decision, you always like to wait for more analysis, more research, maybe ask a consultant?

When your rice bowl in on the line, all of sudden you can't rely on a data point of one?

LOL!





Saturday, 13 May 2017

「我」字丟了一撇是什麼字?




初生的路,跟著父母走;學生的路,跟著老師走;社會的路,跟著名人走;這已成了一些人成長的模式。

人生的路上唯獨缺少了自己。

其實,跟著是要學會獨立,而不是隨從,更不是模仿。

讓心靈中開出屬於自己的花,結出與眾不同的果,雖然可能要付出代價,經歷風雨,但也會讓你自豪,讓別人羨慕。

Tuesday, 9 May 2017

What's The Edge For Successful Retail "Investors"?



Their day job.



To be precise, it's their annual cash injections to their portfolio.



Especially when the annual cash injections in dollars exceed the annual portfolio returns in dollars!






Friday, 5 May 2017

Tuesday, 2 May 2017

Saphir Renovateur Leather Cleaner & Conditioner (ShoeTree Project)


During my retail selling days at Metro and Robinsons, we do get rotated amongst the various departments.

And one of them was the shoes department.

No, I'm not going to share with you the unexpected perks of "downblouse" moments!

Then there were my IMM leather sofas selling days with Melandas Casa Mobili (Closed shop liao... Don't look at me! Not my fault!)

So I guess I know something about leather care. Wink.


Often while taking long MRT rides, I like to look at the footwear of the passengers.

OK, I think I got a shoe fetish of sorts...

Whether they were colour matching and well co-ordinated with what the person was wearing?

Were they scruffy and worn out; or were they well taken care of and polished shining?

All these can tell a lot about the person wearing them.


Two weeks ago, I received a complimentary sample of this 2-in-1 leather cleaner and conditioner.

Tried it on my leather shoes, belts, wallet, and satchel bag.

It worked well. I'm impressed.


You can check-it out here:



Also, they have other shoe care accessories that you may want to explore.

Own time; own target.





Sunday, 30 April 2017

Why Goals Are Not Enough



Read this article here:




Just yesterday, one promoter was teasing another "otaku" promoter and interrogating what the "otaku's" 5 year goals were... In another words, where this "otaku" promoter sees himself in 5 years' time...

You know, the classic question you get during job interviews or annual performance reviews.

Its basically a "veiled" attempt to put down the "otaku" promoter after discovering he was a polytechnic diploma holder.

People can be "unintentionally" cruel.

This after knowing the "otaku" promoter wanted to be a pilot in his 20s...Rejected. Wanted to sign on in the Navy as IT specialist... Rejected.

The promoter asking the question is in his early 30s. Before joining this sales line, he was a shift manager at McDonalds in Malaysia. 

I see it as a case of 50 steps laughing at 100 steps.


The "otaku" promoter understandably - after many career setbacks - replied he has no goals. He lived one day at a time. (I always see him smiling and joking on the selling floor; while his tormenter is always under self-imposed stress)


I knew the "if you fail to plan; you plan to fail" bayonet twisting will come soon. So I just casually chimed in that I have no goals too!


This shut-up the promoter doing the "bullying".

He knew my "pecking order" at this selling floor. Many things he can't do; I can do.

Sales is very realistic. Those who can sell; talk louder.

This promoter is struggling at the bottom of the 4th division himself...


Notice a similar pattern in our community?

Those who struggle are the loudest parrots of conventional wisdom that everyone already knew.


Thursday, 27 April 2017

I don't even trust what I say or do!


First, a shout out to the butterfly who spotted a pattern that 99% of the readers here would have missed...

My previous posts on Survivorship Bias and "人家说你就信?" have something in common:


One is don't believe what others do; the other is don't believe what others say.


I am part of the 99%.

I did not plan it to be so. Honest!

LOL!

But once alerted to it, how can I not complete this "unplanned" trilogy?



Don't believe what I say

I think most of you can relate with me here.

I often say things for the sake of say, say only.

Like eating healthy, do more exercise, read more, I would visit this place one day; etc...


How about in investing?

Stock we eyeing is $1. Too expensive! We tell others we will nibble at $0.70.  Right...

Remember Jan 2016? When STI dropped near to 2500? What did you do? Now price back up to $1, we say next time the price drop back to $0.70 again we will surely buy this time! Right...


When colleagues are bitching about management at the water-cooler, I nod my head and say, "Yalor, yalor." All for the sake of blending in.

What do I do when management shouts, "Jump!"

I echo back, "How high?"

Hello! You think I want to be sheep all my life? Of course I want to be shepherd!

Not because I enjoy being a shepherd; I want to gain access to landowners.

Now that's networking with people that matters!


At kopitiam, its a national sport to knn big daddy. What? You expect me to defend big daddy and risk being ostracised?

I think I should get an Oscar for my Hollywood skills!

I'm so fake I'll make a Mainland Chinese counterfeiter proud! 

What do I do during elections?

Of course I not stupid. I got own assets one hor! Even though its nano in size. Nano landowner is still landowner what?

Sheep will complain HDB 99 year leasehold is not an asset; we don't own it. Yet what do they do? Go apply HDB BTO... LL.


Yup, we all like to say, say only. Wink.



Don't believe what I do

I take pride that I practice consultative selling - I help my customers make their own buying decision themselves.

I'm not Sim Lim; I don't push products out.

Its all very nice posturing; I do so because I am confident most customers will buy from me. 

I am competent in selling.

If friends in sales say to you to support a friend leh... That means they are not competent yet in their craft of selling. They are using emotional blackmail to make a sale.

Back to my pride in consultative selling. 

The $64K question is - am I doing it for myself (one of Maslow's hierarchy of needs); or am I doing it more for my customers?


Last month, I found a purse on the bus and returned it to the rightful owner. Inside a few hundred dollars.

I was thinking to myself. Would I have done the same if I've found a million dollars?

I definitely would pause and think about it for a while. (My cultivation not complete yet, but at least I can question the reflection in the mirror)

All of us has a "price".

What would you do if you "found" a million dollars?

Careful now...

Do you honestly believe what you say?




Wednesday, 26 April 2017

Cancel Dependant's Protection Scheme


So embarrassing!

I should have cancelled my CPF Dependant's Protection Scheme when I came back at age 44.

I completely forgotten about it...

Talk about don't sweat the small stuffs!



I did cancel my Term insurance when I came back.

When the 20 years break-even for my remaining Wholelife policy was hit 2 years back, I cancelled it too.

I remembered because the annual premiums were in the thousands.



Yes, this proves the annual premiums for this CPF DPS policy were dirt cheap.

Highly recommended to get it when you hit age 21.

The annual premium for those age 34 and below is just $36 per annum! Cheap right?

$46K is not a lot, but when you have little or no savings in our 20s, at least its something for our parents to tide them over in the event we have to depart "abruptly".



But once we've reached our 40s, I think this CPF DPS policy would have out-lived its usefulness. Unless you tell me, in your 40s, you still don't have $46K to your name...

Most of us would have forgotten about it - just like me - as the annual premiums were frequently paid out from our annual CPF interests received.

However, this year different for me.

At age 50 and above, the annual premium will have a "big" jump in percentages. Although in dollar terms, they're still pretty modest.

If you want to keep it till age 60, also can.

It won't cost you an arm or leg - especially for those who like to voluntarily top-up your CPF - the increased CPF interests will be more than enough to offset the increased in annual premiums for DPS due to your higher age.

However, I prefer to take out my CPF; not put more in.



Just went down to NTUC Income as Bras Basah road to sign the opt-out form.

Then took the opportunity to say hello to Kwan Im Ma at Waterloo Street.

Wow! So crowded on a Wednesday afternoon?

Oh! Today is 初一!

  



  

Thursday, 20 April 2017

Stacked Homes - DIY Property Platform


Some people just love to assemble and pimp-put their own furniture or PC.

It gives them a sense of accomplishment.

While some just love the cost savings that goes with Do-It-Yourself.


Same for investments.

Most of us would prefer to do it online ourselves than dealing with a remisier or private banker.


It seems more and more HDB transactions are being transacted by owners and buyers themselves nowadays without the engagement of property agents!?

Not I say one hor.

You can verify yourself with our nation building press:

More buying, selling flats the DIY way



Come checkout this DIY property platform:

Stacked Homes



Is it me or what?

But do you find the 3D thing very cool and smooth?

Even not buying or selling, I don't mind browsing around to get some "inspiration" on home decorations.

Or maybe to be precise, what NOT to do when it comes to home renovations...

LOL!








P.S.  I am surprised to see condo and private properties listed there. One would assume rich people can afford a property agent...

I guess when you can save $10-30K, money is still money!




Wednesday, 19 April 2017

How to check how much CPF housing grant you eligible for


Confuse as to what CPF grants you eligible for?

Now here's a simple quiz to help you find out in a breeze!



Stacked Homes CPF grant quiz







Mind you! Its just for CPF grants only.

It does not tell you whether you eligible for HDB flats or not.


OK, own time, own target.

Carry on!



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