Tuesday, 10 March 2015

A conversation with an Intern

Recently, my company engaged a few interns from a local poly. I had a chance to talk to one of them over lunch and kopi session. Let's call him J. At the initial conversation, J is like other boys of his age, easy going and jovial. After a few conversation, as you get to know him more, he is more mature than most of the boys of his age.
J comes from a low income family, his parent makes only enough to provide the basic food and necessities. Since he started his poly education, he has been working whenever he can during the weekend or after school to supplement his education. Due to his family situation, he has gotten some education grant, however, that is only enough to pay 2 terms of his fees. I then asked him how about the remaining 2 terms and also his expense. He told me he will work whenever he can over weekends, and that has been enough to cover his fees for the remaining 2 terms and also his expense. At his point, I guess most of us have been very fortunate, not having to worry about our course fees back then. Most of my classmates, including myself, do not have to work during school terms to help supplement our course fees.
J shared with me he has started his investing into stocks as he realised that with proper use of this tool, it might be a chance for him to have a better financial situation in the future. He has attended some of those free courses, and is trying to find a method that suits him. At his age, most of his peers will be thinking of what movies to catch, which latest phone or gadget to buy, and here is a young men who has started his investment journey.
Given his resilient character and matured thinking, I believe this young men will do well. I wish him all the best for his journey after graduation.

Thursday, 19 February 2015

Time to buy car ... HUAT AH??

A friend of mine booked his car before Chinese New Year as they gave him a high trade-in value for his current 8 years old car. 2 days after he booked his car, another agent from another car model which he did not purchase from, send him a text on a one day promo of 15% discount off the model he was looking at. For first time, for that particular model, after discount, it will be below $100K. He thought I would be interested and thus forwarded the text to me. Frankly, it prompt me to look, and being Singaporeans, we all love discount. 
COE closed lower for the first time from the last bidding exercise, as shown in the table and chart below. I didnt know there is such a nice chart, do you guys see what I am seeing ...... Ha.... yes, looks like chart of moving average. And for those who knows TA, what does the look of the chart tells you.


Source: http://www.straitstimes.com/sites/straitstimes.com/files/coelargechart0805.html

GONG XI FA CAI, to those who will be shopping for car soon...

Sunday, 15 February 2015

Learn how a janitor amassed $8m fortune

This is a real life story of how an ordinary folk is able to amassed huge fortune in his entire life. To reach our financial goals, most of us live frugally, try and invest wisely while some people surrounding us are enjoying high life with luxury items. At times, it makes you wonder if it is all worth it. It's story like this that affirms one's belief.

Ronad Read is one of the many example out there, and a common traits among them is:


It is that simple isnt it.

Here is the link for more of his story.