Horizontal links

Monday, 16 October 2017

7 reasons to get a car in Singapore


1.  To get girls.


2.  To get babes.


3.  To get "chio bu".


4.  To get sexy ladies.


5.  To get convent girls.


6.  To get gorgeous women.


7.  To get materialistic gold diggers.





Sunday, 15 October 2017

Why I don't...


Why I don't visit the barber? 

No hair. I'm bald. 


Why I don't date guys?

I love women!


Why I don't drive a car?

No licence. 


Why I don't ride a scooter when I got licence?

No baxxs. And its much more comfortable to go on dates in a cab.


Why I don't trade Options?

I don't understand the Greeks :(


Why I don't buy and hold?

Got raped by markets before...


Why I so stupid?

Yeah hor... Mom! Why I so stupid hah? Did you drop me when I were a baby? Don't lie!








Thursday, 12 October 2017

How to seduce customers to voluntarily pay their annual CC membership fees


Remember a time several years ago when financial bloggers and bleeding heart people were sharing in forums how to "save" money by calling your credit card companies and asking for waiver of the annual membership fess?

I guess the message was so successful that it was "understooded" no one pays our credit card annual membership fees. Those who do are either so rich they couldn't be bothered, or they are "bei kambings" who didn't know better...


Imagine if you were working in one of these credit card companies. How to turn this situation around as each dollar from these annual membership fees will go straight down to the bottomline.

We can't be throwing good margins away, can we?


Must give props to the marketing person who came up with "rewarding" customers with frequent flyer miles whenever they voluntarily pay up their credit card annual membership fees!

Of course the miles you get would not be enough to qualify for any free trips directly!

Having "paid" for these "free" miles, it would be a "waste" to let them expire worthless. What would any "sane" people do? Of course spend more to save more!

Now the credit card companies' vendors have vested interests to promote "free" miles too! You scratch my back; I scratch yours. Wink.


Of course for this Jedi trick to work, you first need to pay opinion leaders to write aspirational stories how they can have a jet-setting lifestyle, flying all around the world just with their - yes, repeat after me - "free" frequent flyer miles!

And then the wannebes will parrot on the same message down the line - this time really for free as they were not paid a single cent by the credit card companies.

Why they do it? Herding momentum mah! If other bloggers blog about it and you don't, you'll be left out! 

And their bei kambing followers will monkey see, monkey do.




I'll give you an example of these Jedi tricks we used during my snake-oil corporate days.

Recently, I booked a 5 days trip to Chiang Mai, Thailand for this coming January 2018.

Normally I would stay in a hostel as I like the mingling with strangers at the common area.

This time, despite being a dinosaur and all, I registered for the airbnb website to see what's it all about. 

Interesting. I can get an apartment room for $25 a night. So for 4 nights it would cost me $100 plus plus (booking charge and cleaning fee)

Amex and airbnb very fast!

Straight away I received my first junk email offering me a $50 discount for my first booking if I paid with Amex.

The fine print catch is I have to minimum spend $200.

I am sure some people out there will "upgrade" their apartment to $50 a night for 4 nights to qualify for this "$50 savings" from Amex.

Wait. You intend to spend $100. Now you've spent $150... Someone got Jedied! LOL!

Nah! I deleted the email.

This $50 off promotion would really be "free" if I had intended to stay 10 nights or I had intended to book a $50 per night apartment. 




Next time people try to convince you to spend more to save more, what would we do?





Sunday, 8 October 2017

How You Living? Power speech by Dr Rick Rigsby





Sometimes, different world, different culture, we discover values and ideas quite similar to ours...


Mark Twain - I never let my schooling interfere with my education.

I guessed I've led a similar path. 

It never fails to amaze me during my corporate days to find the number of graduates who stopped learning the moment they left school. And they wonder why we never put them on our list of "potentials"...

Same goes for our financial freedom community. Some think just reading 1 to 2 books, attend a few workshops, and they are ready.... If you think like that, just visit STE's blog and look at his private library. And CW mentioned he has almost read all the books on investment in our public libraries.

If you want to bring a knife to a gun fight, nobody stopping you!


Aim low and hit it.

On second thought...

I think I'll stop and let you fill in the blanks yourself.


How you living?

This is especially true for those in their 40s and above.

1/3 to 1/2 our lives are gone now...

Have you run out of excuses yet?



Thursday, 5 October 2017

Is this not Concentration Risk?


During my early investing days, one of the biggest corporate failure (and fraud) in the US was Enron.

Enron went into bankcruptcy late 2001.

One interesting but sad footnote was that quite a few Enron employees lost their life savings for they had invested heavily into Enron shares...

They exercised the stock options they were given and piled into their own company's stock when Enron was flying high during the bull market.

Now beside losing their life savings, they are out of a job when Enron collapsed... Double whammy!


This Enron example was used by many financial advisors to warn clients never to go all in with such a risky concentrated bet - buy stocks in the same company you worked for.


However, try telling that to the employees of Apple, Amazon, and Facebook who bought their company's stocks. Shouldn't they have an edge over outside minority retail investors? I mean the company you worked for, do well do bad, you don't know?


Its a dilemma isn't it?

Whether to be a Koala or Panda bear specialists who only buy nothing but Singapore stocks - live in Singapore, work in Singapore. What? Me worried?

We should have an advantage since we are Singapore born and breed right?

Homebase advantage! 


Or maybe we should diversify our stock investments at least regionally, if not globally?

I remember my insurance agent had left the industry for teaching just after the Asian Financial Crisis of 97, and the replacement agent for my orphan account met up with me and tried to "sell" me the wisdom in investing in an insurance-linked fund that invests in the US and Europe.

Of course he would, wouldn't he?

The old diversification mantra... See? If a Singaporean investor had invested in a global stocks fund, his losses for 97 AFC would be mitigated as US and Europe stocks were doing relatively OK.

No, I didn't bite. 

And thank goodness for that! 

2 years later, we had the Nasdaq crash of 2000...


 


Sunday, 1 October 2017

Peter Lynch's 6 Types of Stock Plays - as applied to SPH, ComfortDelgro, and Singpost


During my time "anyhow hantam" stocks from 1999 onwards, Peter Lynch's books were the rage. Everyone was Peter Lynch this, Peter Lynch that.

Retail investors were enamoured with the fabled 10 baggers.

Which makes sense. It was a time of outsized growth and multi-baggers in technology stocks! Tech is it!

No one were mentioning Warren Buffett... Warren Buffett who? 

LOL!


Peter Lynch had a simple and quite useful classification of stock plays:

1.  Slow growers

2.  Fast growers

3.  Stalwarts

4.  Cyclicals

5.  Turnaround

6.  Asset plays


No, I'm not going to explain what those mean. You go read the book yourself!  

(Or read other blogs who love to provide summaries on summaries of a book. If you photocopy a photocopy of a photocopy of an original, what do you get?)

Its more fun to apply the above 6 stock classifications into real Singapore stocks which quite a lot of old timer Singaporean retail investors like to own.

Let's take SPH, ComfortDelgro, and SingPost.

10 or 15 years ago, these 3 stocks can be classified as either Slow growers or Stalwarts right?

Retail investors include them into their portfolios to add stability and enjoy the dividends as income. Even when there were big tsunami waves as in 1997 Asian Financial Crisis, 2000 Dot-com crash, and 2008 Lehman event, these 3 stocks will always bounce back.

I mean people still read the papers, take public transport, and send mails by post right?


But something interesting has happened.

Notice the overall market as in STI index is still in "bullish OK mode" but the above 3 stocks are down quite a lot. Some even close to bear market territory as in 20% down from their recent highs...

For those who own these 3 stocks, do you still classify them as Slow growers or Stalwarts?

Evidently you do from the way you are averaging down. If lower you would buy even more!

OK, for Stalwarts I still can accept the argument (grudingly); but for Slow growers?

I mean slow growth still means there must be some growth either in revenue, profit, cash flow, earnings per share, dividends per share right?


For the Stalwart fans, I have some "wu liao" (nonsensical) questions to ask you:

1.  Of course you stiil buy the papers in hard copy form. But do your children and grand children buy newspapers in hard copy?

2.  If you own a business or in charge of HR/marketing/advertising for a firm, what's you share of the advertising budget in print today compared to 10 years ago?

3.  Ask your younger family members, do they use Uber or Grab more than taking taxi recently? I not going to ask you. You cheepskate frugal giam kana - you walked.

4.  Just kidding! While we still are on the topic of saving money, when you shop online because you frugal you, how were your purchases from Qoo10 and Lazarda delivered to your house?

5.  Have you been receiving more e-statements from banks, brokerages, CPF, utilities, etc. Of course its to go green and save trees and all. But wait... If more corporations do that...

6.  How much to send a normal letter by mail these days? Hang on a minute! When was the last time you licked a stamp!?



If the reasons we buy into a stock is because of a Slow grower or Stalwart play were no longer valid... What do we do?

Lower we would buy more?

Really???


I mean if its an Asset play or Turnaround play, that's another story. 


But buying in as a Slower grower or Stalwart and hoping its an Asset or Turnaround story, that's making it up as you go along...

Using hope as a strategy is in the same arena as using voodoo, astrology, or feng shui for investing.

Can't say they don't work as they do work sometimes... But its like pissing in the snow on a dark winter's night out in the widerness. 

We know we are making a difference; its hard to tell though.

LOL!








Sunday, 24 September 2017

Best (and useless) Investment Advice to Bei Kambings



Only buy a stock when the price goes up.

If the price no go up, don't buy.







Tuesday, 19 September 2017

Good, Better, Best Ways to be Financially Free!


1.  Born rich. Duh! This one most "passive" of all! We don't even have to lift a finger! 


2.  Marry rich. If lucky, we just need one client for our prostitution....


3.  Start a business. Rather be a dog in our own kennel than to be the eunuch at the Grand Palace...


4.  Do well in corporate. Being an eunuch is not so bad if we under one clown but above everyone else! Who knows? May even usurp the throne as history is littered with stewards that overthrew their minor monarchs...


5.  Buy Toto. Ar ber then?


6.  Investing and/or trading. What? Below gambing? Well, those buying Toto know they are gambling. At least they are more honest than investors/traders who are doing the same but pretending they are doing something else by clever use of euphemisms...




Sunday, 17 September 2017

朋友


博客会知己

豪气去铜气

名利莫需比

起杯唱情谊




Thursday, 14 September 2017

吟诗作对


After my previous post, I chanced upon this old Chinese post at the bottom under Linkwithin:

无常

Non-Chinese reading readers may want to stop and leave now. Sorry.

There's a reason why this post's heading is in Chinese. Duh!



This is what I meant by poetry club. Totally unplanned, unrehearsed. 


Sillyinvestor got the ball rolling with:

常常回我家,爸妈笑哈哈。
常常上厕所,医生远离我。
常常见你面,为何没笑脸?



LP chimed in with:

常常回我家,親人变冤家。
常常上厕所,迟早上诊所。
常常見你面,你找三宝殿?


I joined the fun revealing my phobia of marriage:

常常回我家,暗示你想嫁。
常常上厕所,验孩把我锁。
常常見你面,我还不厌卷?


Endrene, the rose amongst the thorns, showed who's boss:

常常回我家,米桶添一下。
常常上厕所,马桶你来刷。
常常见你面,七窍多生烟!



And added this recovery to lull us back to her sweet tenderness:

常常回我家,贴金又贴心。
常常上厕所,喝多打哆嗦。
常常见你面,金愿都实现!



I had a change of heart:

常常回我家,买鱼又买虾。
常常上厕所,多吃的后果。
常常见你面,美梦快成现!



And LP wrapped it all up by changing structure and form (rule breaker):

老婆回娘家,常常我回家。
泪流那里躲,常常上厕所。
常常見你面,為和不道歉?
常常破你心,為和不换新? 




Of course this is not the exception. Regular readers will know some of the more scintillating exchanges happen frequently at the most unexpected posts.

Especially comments about sex, religion, and politics!

Sometimes we even babble on with weird topics like - cosmology, philosophy, arts, literature, history, anime, manga, and "char shao bao"!?

LOL!



P.S. Special thanks to the wonderful and don't take themselves too seriously readers who bothered to take the time to "play" with me. 

Come to think of it, who else would bother to comment to a "blank" post?





Friday, 1 September 2017

Difference Between Being Frugal And Miserly


In my family, I am considered the "frugal" one.

During my early days, I had to be careful with money due to low pay.

Imagine this.

At 16, I was earning $450 per month. Minus away 25% CPF contribution, and after giving mom 1/2 of my take home pay, there isn't much left, is there?

Yes, that was the "glorious" days of 25% employee and 25% employer contributions to CPF. Those who love voluntary CPF contributions must be foaming at the mouths now...

LOL!



CPF contributions are great for those who earn more. I remember there were quite a few desparate workers at that time who "colluded" with their employers not to declare CPF.

These workers get 100% of their take home pay; while their employer "saved" on the 25% not contributed to CPF. (Don't follow OK? It's illegal)

Of course those of you who earned more will cry stupid!

Well, what do you think of those who don't earn more but voluntarily contribute to CPF today?



Back to my small means.

I remember there was a time where I will let aircon busses pass so I can take the next non-aircon bus - just to save that few cents...

And lunch at Orchard Road not cheap. Fast food was out of the question; too expensive. Thankfully, there was this staff canteen at Goodwood Park Hotel near Metro Orchard and that's where I took most of my meals.

Why am I sharing this?

Its to give you the context and perspective before I go poking at others.

And to show I've been there, done it too.



A frugal person loves to spend less on himself; but when it comes to people that matter, he does not mind spending money on them.

A miser will not spend money on himself and others.



And yes, I stay away from miserly people. They are no fun. Especially on overseas trips!

Girls, trust what your mother says, "Don't marry a miser!"

Don't believe a word he says its because he wants to achieve financial freedom or independence earlier (for the both of you)...

What's the point if he's not going to spend a single dime from his millions on you? 




Wednesday, 30 August 2017

When Our Trades Seem A Little Off...







This how I felt recently...

Until I discovered like the gentleman above, I've been wearing my briefs wrong!

LOL!


Yeah, now I can laugh. Got stop-loss orders mah!

Imagine if I had held on to my losing trades... I would be totally naked by now... 


How? Yesterday STI down; today up?

I not playing; got more pressing matters to attend to.

Got to buy new underwear!




Sunday, 27 August 2017

Deja vu like in 2000?


Anyone investing/trading around year 2000?

Wait. 

Its more than 17 years...

Now that's a generation ago!



How?

Do the events of today remind you of 2000?

Especially the activities and behaviours of your colleagues, neighbours, classmates, etc?





Tuesday, 22 August 2017

Leslie Kee - From Rental Flat To $40K Daily As Top Photographer


Finally an article from our "nation building press" that resonates in my heart:


It Changed My Life: How Leslie Kee went from living in rental flat to earning $40k daily as top photographer 



The "ugly" side of our "financial freedom" (formerly aka I want to be a millionaire) community is the frequent obsession with money. 

Crass. Banal. Bourgeois.



Especially when I read those "financial advice" to youths who have asked the "wrong" question about life. 


Of course there is bias in highlighting this article. 

We tend to identify with others with similar backgrounds and experiences.

Compared to Leslie's childhood, mine would be liken to be born with a silver spoon!

Talk about playing the cards you were dealt well...

If you were in his shoes, would you have just rolled-over and gave up?

Many did.

Drugs, gangs, crime. 



There's some take-aways that I would like to share with youths who have gotten the "wrong answers".

Remember, if the answers did not came from within you, they are usually platitudes parrot by drones and mules. Full of sound and fury, signifying nothing...



1.  We got to pay our dues

Michael Leong - founder of ShareInvestor.com also washed dishes while taking his medical classes in Northern Ireland.

No, I don't mean literally you have to wash dishes... I didn't either!

But I too had to put in my fair share of blood, sweat, and toil just to be able to to afford the learning of my craft.

This is before the 10,000 hours needed to master our craft. 

Huh?

Yes. Don't huh me!

Unless of course you were born with a golden spoon. Grades lousy but parents can afford to send you overseas to get a degree with little academic respect... But you're a "graduate" still mah!



2.  Success is what we have to sacrifice to achieve it

If you can't spot it, don't worry.

In time you will. Especially when it comes to relationships.



3.  Life is a series of decision points

If you ask anyone who have lived life a little long than you, you'll often find them regretting more on the decisions they did not make over the ones they have made.

Would you make that move to New York, if given the chance?

Would you suffer for your craft even if it costs you your freedom?

Of course "New York" and "personal freedom" are metaphors again.

Tip: If no one asks or headhunts you in your industry, I think you know the reasons why... Its either you are very mediocre, or super brilliant but clueless on "personal marketing"!



4.  A scholar in every profession

Trust in our 5,000 years of collective Chinese wisdom: 行行出状元!

There's another Chinese wisdom that says women afraid to marry the wrong man; man afraid to enter the wrong profession.

If you decide to choose Money, I can understand. 

Its easier to aspire to be a "prostitue". Who wants to toil for our craft?

I understand. I'm a man-whore myself.






Wednesday, 16 August 2017

Why I Use Stop-Loss


One reason we keep a record of our trades is so we can make logical decisions based on real data - not our biases or what other people say.

You know what?

7 out of 10 trades I've made, if I stomach the unrealised losses and "cheat" as in wait-and-hope for weeks, months, and years (let a trade turned into an investment), these losing trades will eventually be money making ones.

So why do I still use stop-loss to realise the actual loss?



Its because I remember vividly those 3 out of 10 trades that almost killed me! 

I've let a small paper cut turned gangrenous...

Eventually having to chop off my fingers...

Better this than to lose a whole arm or leg right?

Some traders never do and let the poison reach their hearts. And they are heard no more...



So whether to use stop-loss or not for you is not through listening to others or reading books.

You have to experiment for yourself and let your track record tell you - based on hard data. 

Crash got sound.



If you are so good at stock-picking (just lousy at entries) and all your trades will eventually make money, why use stop-loss to protect yourself?

Or if you are skilled at finding 10 baggers to dilute out those occasional small losses like Peter Lynch, why use stop-loss indeed!



That's why whenever I'm in a new job, I prefer to ask for forgiveness than permission. This way, I can flush out the unwritten law of the land - when I still have my honeymoon period!

Crash got sound!

LOL!




Tuesday, 15 August 2017

The "Free" Trade/Hedge


Shorted the Simsci at 368 Thursday night.

Friday afternoon it closed in the money at 363.7 during the day session.

Weekend no armaggedon.

Monday morning got profit-stopped out at 367.7 during the first 30 minutes.


Well, that trade ended quickly... LOL!




When we returned from our overseas vacation safely, the travel insurance premium we paid is money flushed down the toilet.

Wouldn't it be nice if we can get our money back?




Review your investing diary or trading journal.

Have you noticed if your entry is good, better, best - your chances of getting out unharmed were greater?

It never was about market timing; its about risk management.


OK, not everyone trades with 10:1 leverage to appreciate the nuance I've just said.

Let's illustrate with an example:

If you have entered Keppel at $2, at the current price of $6 plus, it feels like a "free" investment. (If you let this position turn into a loss you have no one to blame but yourself)

Contrast it if you have bought Keppel at $10. 

Making less and losing money not even close to "same same".




Using dividends or entry price as panadols - your choice.






Friday, 11 August 2017

Which one hurts more?


Sillyinvestor, CW, and I were bantering which one hurts more?

1.  Sell too early and missed out on outsized profits? 

2.  Sell too late and left too much money on the table?


Just to clarify. 

Letting a winning position turn into a loss is just plain dumb.


Scenario 1

We bought stock A at $1.00.

Sell at $1.40 for a 40% gain; only to see it go all the way to $2.00 and missing a 2 bagger.


Scenario 2

We bought stock A at $1.00.

See it go all the way to $2.00 didn't sell; only to see it drop back down to $1.40.



How?

Don't talk theory. From your experience, which one hurts more?

You don't bluff!








Wednesday, 9 August 2017

SMOL's Pledge


I, the Singapore Man Of Leisure, pledge myself to strike on Monday, Wednesday, Thursday, Saturday, and Sunday.

Regardless of ToTo, 4D, or Big Sweep. To buy hope and win extra. 

Based on quickpick, system 7 to 12, Big Sweep tickets, and 4D big/small.

So as to achieve car, cash, and condo.



Happy National Day!



Thursday, 3 August 2017

This Is Why Eating Healthy Is So Hard (So Is Investing!)






Investing is hard right?

Especially for those of you who have been investing for the past 10-20 years.

Remember those "advice" you thought were "gospel" when you started your journey but no longer "true" today?


For those just started recently, if you want to have a bit of fun, write down what you think will get you to the end of the rainbow - be it trading, investing, saving, buying Toto, marry into wealth, kick-ass career; etc.

Then put this paper into an envelop and toss it away in your drawer.

10 years later, open it up to see if the world then is a straight-line extrapolation of today. Wink.




Tuesday, 1 August 2017

Yield Hogs and Bird Brains


Dividend investing has several derogatory labels attached to it.

Like being called yield hog (its a pig if you don't speak american), or being sneered as an investment style more suitable for widows and orphans...

What?

Why you all looking at me?

Ar ber then?



How much money we need to live off dividends is quite simple to calculate.

If one just need $4,000 per month for retirement, then at 5% yield, we need minimum $2 million to sleep soundly at night.

What's with that "extra" $1 million?

Those who drive a car or ride a motorcycle would know why. Wink.


Now compare the "not greedy" dividend investor above to yield hogs who for the same $4,000 per month dividend income:

1.  Employ a 100% vested strategy of $1 million capital at 5% yield.

2.  Employ a 100% vested strategy of $500K capital at 10% yield.

3.  Employ margin so they can raise enough capital for point 1 or 2...



I've been through Nasdaq 2000 and Lehman 2007 as a retail investor.

I've also experienced the Asian Financial Crisis of 1997 - though not as an investor - but I believe this one caused a lot more damage to the real economy and actual jobs lost.

What more to say if we're already retired and living off dividends that were cut or reduced? And seeing our networth got decimated in parallel?

Without a buffer, you confident you won't lose your head like a headless chicken and sell in panic?

No, I don't believe a word of Janet Yellen when she said we won't see another crisis. Well, that's what Ben Bernake said in 2007 on sub-prime not affecting the US economy too...



Climbing down the mountain

If you already have the required capital (with buffer), you don't need to shoot for the moon when it comes to yield. Boring 4-5% is good enough. 

You understand high yield bonds that pay north of 8% are also known as "junk bonds". So high yielding equities that pay north of 8% meant there's no free lunch!

And if your dividend gets halved or cancelled completely, you won't starve. You still have some cash rotting around somewhere.

I remember my motocycle instructor sharing with us he not so fond of Honda cubs as they lack the "spare engine power" to get us out of trouble in an emergency...



Climbing up the mountain

If your personal expenses at retirement is $8,000 per month, or you want to provide for your significant other ($4K plus $4K), then how much capital you need may depend whether you like cruising with your tachometer straining at the red zone...

The focus is to grow and earn more capital.

The math is simple:

$1 million at 2% yield is more than $100,000 at 10% yield.


Of course taking on bigger risks is par for course when we are climbing up the mountain.

And that's the normal path.

When young, can take more risks. Our bones and skins recover faster. Time is on our side.

But when we use a strategy that's more suitable for climbing down the mountain to climb to the summit...

Perfectly OK if you love what you do and never have a need to use financial freedom to "escape" from work!




P.S.  Context and perspective is important.

$1 million at 2% yield is more than $100,000 at 10% yield.

The story changes if the person with $1 million is 100% vested at 2% yield in equities, while the person with $100K at 10% yield in equities is only 10% vested - he has the balance $900K in short term AAA rated bonds yielding practically nothing.

Additionally, the risk/reward changes depending whether one is climbing up or down the mountain.


That's the biggest blindspot "bei kambings" miss when they think all they need to do is blindly follow their favourite shepherd...






Monday, 24 July 2017

LPG, Newspaper, and TV


Liquified Petroleum Gas

At my current weekend sales gig, one of the home appliances that I help "promote" are hobs (stoves).

When we sell a hob, we need to ask the customer whether they are using piped PUB gas (aka Town Gas), or using those blue liquified petroleum gas (LPG) cylinders.

Of course the majority of customers are using PUB piped gas.

I've noticed the minority still using LPG are the elderly (60s and above). And learnt something I didn't know before - there are some ancient HDB flats that have no piped gas installed for the whole block!?

Really!


Yet, there are always exceptions. I'm quite bemused whenever I get customers who are in their late 20s or early 30s opting for LPG.

So I casually surveyed their rationale for doing so.


2 main reasons:

1.  They grew up in LPG families. They never thought of considering the "convenience" of piped PUB gas. What their parents did, they followed as adults. No questions asked. (Big daddy would love them)  

2.  Then there's the equivalent of "giam kana" (stingy thrifty) financial bloggers. They know every nickle and cents about the cost savings from using LPG over piped PUB gas. Very financially literate!

Yes, that type that foams at the mouth over one extra % in bank interests, free miles, and count in 2 decimal places. (What? Someone got to troll them right?)

So don't say got lobang (good deal) I never jio (recommend)!

If you are one of those penny pinchers who believed saving 10 dollars a month compounded by 30 years will lead to a big mountain, then do consider switching to LPG for your kitchen. Especially if you cook a lot! 

(Tip: I got this from a gas technician who uses piped PUB gas for the cooking convenience, but use LPG for his gas fired dryer. He saved extra $20 per month!)


For those of you that have moved recently to your BTO flat or condo, you may want to take a look how many of your neighbours have opted for LPG gas? During house-warming parties, take a peek at their kitchen hobs.

You may even notice the some have opted for the electrical induction hobs. Wink.

Somehow, I am reminded of how good Li Ka-shing was when he listed his HPH Trust.

Respect.


 
Newspaper

I prefer reading the dailies in print form (same goes for book reading). I'm an old dinosaur in this respect. 

Once upon a time, there were lots of job ads in the classified sections. Now? Drastic reduction right?

Come to think of it, my current weekend job was found through online job search websites. And my previous one was walk-in when I saw Howard Storage World's job ads outside the store while drinking kopi at Ya-Kun HabourFront...

Have you noticed sometimes there were full page colour ads on the front page of our dailies?

Snake-oils out there like me, we see it as a sign of weakness... An act of desperation... 

For those who are not in sales, think about it for a moment.

Would you walk around dressed in a chicken suit to earn that extra income?



TV

I noticed I don't watch TV anymore.

Yes, sometimes I'll join mom to watch the 6:30pm Channel 8 news. That's more to keep mom company.

Now I watch movies and documentaries on Youtube. 

And surf the web for what's going in the world.

Question. When was the last time you watched TV?


I have a naughty thought. 

Can you make a guess when big daddy would monetise their TV assets?

Would you bite?



 





Saturday, 22 July 2017

Satires, Pokes, and Bullshits







Have you rolled-eyes at some of the posts and articles that are out there in our financial blogosphere?








Wednesday, 19 July 2017

In This Corner Of The World - Can I Take Setbacks?


Yesterday, I went to Yishun GV to watch this anime movie:









After the movie, my mind dirfted to 2 incidents.



Imagine if we had achieved everything we wanted in life.

We have our own small business - could be a restaurant, cafe, or hostel.

A warm and loving family with children and living with our aged parents; 3 generations under one roof.

Family house fully paid for. No business debts.

Except we work and live in Fukushima...

If I am the only survivor - lost everyone that mattered to me - would I be able to pick myself up and start over?



Imagine now I live in Singapore. Financially free; no need to wok.

I bring my wife and children to Phuket for holiday.

Tsunami struck.

Only I managed to make it back to Singapore...

I still have all my financial networth undamaged; unlike the me in Fukushima.

Would I be less distraught?

Yes, being devastated in my own "castle" with no money concerns is not the same as being devastated in a make-shift shelter and penniless...

Yet...



Am I wealthy?

My siblings and I get along. Parents still "healthy". I am in reasonable "good" health; although the latest health check revealed I'm a diabetic risk if I don't control my weight (rich man's curse)...

You bet I'm wealthy!

Wait. I double-check. 

Yup. No money goals. 

So why do I get up in the morning?



Saturday, 15 July 2017

Wolves in our midst


Remember the 80s Scholl sandled touts with high waisted pants and permed hair outside of Lucky Plaza? (Millennials, sorry. You too young)

Well, we have them too in our financial blogosphere:






Related Posts Plugin for WordPress, Blogger...