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Saturday, 16 December 2017

Now this is Real Savings!

This is not about being miserly, or taking frugality to the extreme.

Its about whether you are conscious of the various Jedi mind tricks others are using on you.

If you interested to learn more, free go to the library and borrow a book on Consumer Behaviour.

Don't say I "bo jio'!

By the way, it also works if you want to learn what buttons to press to get others to work quicker, faster, and cheaper for you!

And yes, can help in your investing and trading too!  This one you have to figure it out yourself how.

Ar ber then?

Thursday, 14 December 2017

You Think You Know The Fundamentals and Technicals?

When you look at the Sun in the sky, do you know that's the image of the Sun 8 minutes 20 seconds ago?

You may think you are looking at the Sun; you are not.

Talk about looking at illusions. Wink.

When you use fundamental analysis, are you not driving using the rear view mirror?

Unless you tell me you have access to the annual reports for 2018 up till 2048 now?

Same for those of you who prefer the voodoo art of technical analysis. All those beautiful chart patterns and indicators, are they not a snapshot of what has already happened?

(Those who trade Price Action, I bow in reverence to you. Can't poke you. You trade the here and now.)

Now you know why when prices go up, everyone is an "expert" on that stock they owned. Go round telling their friends and families to own it. Look! Its a no brainer!

Talk and behave like sell side analysts, full of conviction with your recommendations.

But when the same stock suddenly turns south... 

Some jump all over the place searching for answers like headless chickens.

Some get frozen with inaction like a deer caught under the headlights of a car.

Investing and trading is a lot like Zen.

The more I know, the more I realise I don't know. 

Monday, 11 December 2017

Thursday, 7 December 2017

Useless Financial Life Hacks

Tired of boiling water everytime you want instant noodles?

Boil a large amount in the beginning of the week and freeze them for later use!

Can you think of similar useless financial life hacks?

Can't thnk of any?

Can I steer you towards credit cards?

Yes, you spot them now...

Cashback and frequent flyer miles...

Its the equivalent of saying I've paid $300 for my electricity bills, but look! My aircon usage is totally "free"!

Monday, 4 December 2017

The Ability To Read Patterns

Have you read in the papers several years back where some new cases of Dengue Fevers were not diagnosed by some younger doctors?

Experienced doctors are usually the ones who will report to Ministry of Health if they spot patterns of unusually high cases of Dengue Fevers that require a co-ordinated response to root out the breeding grounds...

Similarly, those medical professionals who have experience working with SARs would have the muscle memory burned into them.

Next time if Singapore is once again faced with an "unknown" highly infectious disease, these medical professionals would ensure they protect themselves and their medical staff first. 

If these brave doctors and nurses fall ill themselves, who are left to treat the sick?

For those who've never experienced a car accident or air turbulence before, you would think putting our seat belts on in the car and during our flights is such an hassle... 

"Investors" who started their investing journeys after 2009 would know only one pattern - higher highs, higher lows.

To those of us who have lived through past patterns where markets do decline by -50%, we can't beat youth who don't know what cannot be done. 

We practice Risk Management. 

How do you practice portfolio re-balancing when both equities and bonds are in a bull market?

To youths who have studied business finance, portfolio management, and risk management in polytechnics and universities, have you gone back to ask your lecturers and professors what they've taught you is not reality today? 

Do they still teach when equities go down, bonds in general will go up? 

I'm a student of hedge funds, and yes, I practice the sincerest form of flattery - mimicy.

Its extremely humbling to see quite a few greats in the industry decide to return money back to their investors and retire from the industry. Well not really. They are investing/trading for themselves now.

Better to quit when they are still ahead and avoid the fate of those who have blown-up quite spectacularly! 

All of them have one thing in common - they have made lots of money for themselves and their clients prior to 2008; after 2009, their past strategies don't seem to work anymore...

But then, those of you who started your journeys after 2009 wouldn't care or know. 

And you don't use seat belts anyway.

Those of us who have experienced several bull/bear cycles and thus more "sensitive" to changing patterns, we are the ones who will probably take care of ourselves and our love ones first, before taking care of anonymous people we don't know.

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