Author: Dr Wealth

You are here for a purpose and not an extra part

The movie Hugo had a dialogue that left a great impression on me. Hugo is a boy who lost his father. His father taught him how to fix clocks at a young age. Hugo has been fixing mechanical parts thereafter. Hugo and Isabelle (Hugo’s friend) were talking on a clock tower that oversee the night scene of Paris. On finding a purpose, Isabelle was commenting the automaton (robot) looks sad. Hugo replied, “I think he’s just waiting to work again, to do what he’s supposed to do.” “Everything has a purpose, even machines.  …Maybe that’s why broken machines make...

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Asia’s Youngest Wealth Coach is bullish on Silver – Jonathan Quek of True North Asia

Welcome to the BigFatPurse show, today I am proud to invite the first foreign investor from Malaysia to the show. Touted as Asia’s Youngest Wealth Coach, he runs a few businesses and had appeared in numerous media programmes and publications. Ladies and gentlemen, I present to you, Jonathan Quek. Hi Jonathan. Hi Alvin. Asia’s Youngest Wealth Coach, pretty big declaration, how did you come out with this tagline? It started about 3 years ago when I was giving talks to universities, financial institutions and corporations in Malaysia. I started giving financial talks in universities as part of my personal...

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Invest Wisely in 2012 with Dr Alexander Elder

Dr Alexander Elder is rather famous in the trading scene. I jumped on the rare chance when he came to Singapore to conduct a 2-day seminar (11 and 12 Feb 12). Although it was a paid seminar, I think MacQuarie subsidized quite a bit. Thanks for offsetting the cost and Phillip Capital for putting it together. I have documented the pointers below. Ocean of ignorance Dr Elder shared about something he learned in his chemistry class which had no relation to the subject, but it was meaningful enough to stuck in his head till today. His professor said we...

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Real trading statement proof: $50,000 to $86,674 – CEO of Tactical Trading Academy

Welcome to BigFatPurse Interview show. Today’s guest is BL, he is the CEO of Tactical Trading Academy. He was an ex-banker, and now he has strike-out on his own to teach trading. Find out how he walk the talk. BL, I understand that you worked in a bank, what made you join the banking industry in the first place? This is a simple question because I have a business degree, so joining the banking industry is a natural career path. My first job was in asset management. Is it because of interest or the perceived high pay in this...

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Bruce Lee – “It’s not the daily increase but daily decrease. Hack away at the unessential.”

Are we having too much clutter at home? Are we adding more material things into our life but not necessary needing them? Are we spending our time aimlessly watching TV or surfing the internet? We have limited time and one life. We must learn to stop wasting our time and money on unnecessary things. Discard them and you will have more time and money. Bruce Lee said it is analogous to sculpting a statue. Instead of adding decoration to a piece of rock, a sculptor chisel away the unwanted parts to reveal the beauty of a...

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3 ways to live better

Live life with more courage We have a lot of fear in our lives. Although fear has kept our ancestors alive (avoiding dangerous creatures), it has limit our potential too. Thanks to great men who had abolished fear that we are able to advance to what we are today. Thank you Thomas Edison for having the courage to fail 1000 times to discover the light bulb. I went to Outward Bound Singapore (OBS) in my teens and there was a phrase on the building that we can see while we push off the canoes from the shore – “You...

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Peter Lynch’s Rule of Thumb in Investing

I found this on Wikipedia and it is worth archiving: Market cap Market capitalization less than $5 billion – Lynch generally avoids large, well-known companies in favor of small-cap stocks that still contain significant upside potential. Most fund managers define small-caps as companies with market capitalizations under $1 billion. Institutional investors often use market one investment criterion, requiring, for example, that a company have a market capitalization of $100 million or more to qualify as an investment. Analysts look at market capitalization in relation to book value for an indication of how investors value a company’s future prospects. PEG...

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Secrets of Singapore Trading Gurus vs Secrets of Highly Profitable Traders

People who frequent the bookstores would know that besides my book, “Secrets of Singapore Trading Gurus”, there is a similar book, “Secrets of Highly Profitable Traders” by Chin Yong Sak. Before these two books, there were no books on the interviews with Singapore traders. Probably that was the gap that Yong Sak saw. You can read about the genesis of “Secrets of Singapore Trading Gurus”. While I was on this project, Eileen learned from the boss of Rank Books that an author was also interviewing traders in Singapore and would publish a book too. We went ahead and happened to...

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Liar’s Poker by Michael Lewis

Liar’s Poker is a book about Michael Lewis’s (author of the book) experience working in the once prestigious  Salomon Brothers investment bank. He gave an insight into the internal workings, tension and ugly side of the firm. I shall pick out the useful and amusing things from the book. Interview for an investment banker job I found the description of the interview interesting. I do not know if this is true. “Investment bankers had a technique known as the stress interview. If you were invited to Lehman’s New York offices, your first interview might begin with the interviewer asking...

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Investment & Trading Report Card – Dec 11 and Year 2011

2011 has been a tough year to trade, especially for trend following strategies. Post August 2011, the market has been volatile with no clear indication of direction. Only Dow Jones closed the year on a slightly positive note while the rest of the European and Asian indices were negative. Equity Markets +4.49% (Dow Jones Industrial Average) -1.12% (S&P 500) -3.21% (NASDAQ) -7.34% (FTSE 100) -15.61% (DAX) -18.68% (NIKKEI 225) -18.22% (STI) -19.00% (CAC 40) -21.34% (Hang Seng) The funny thing is that most of the problems are with Europe and US, but Asian markets received the greatest beating. Again,...

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Top 10 Favorites of BigFatPurse 2011

Here is the list of 10 BigFatPurse posts most viewed in 2011! Thank you for the support and I wish you a great 2012 ahead! Play CASHFLOW Game Online! How to buy Singapore Government Bonds? How did I open a Silver Savings Account with UOB How to buy silver? Straits Times Index Exchange Traded Fund (STI ETF) Do not buy Critical Illness Insurance 6 Reasons Why You Should NOT Repay Your Housing Loan Early How to buy gold? Buddha – “When the student is ready, the teacher will appear” How to Choose a CFD...

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10 things I learned about life in 2011

We have come to the final week of 2011 and I have 10 things to share about life: 1) I have everything I need Looking at the things I have, I can conclude that I have everything that I need. Humans do not need a lot of things to survive. To survive is not difficult for most of us. We can eat simply, live simply and use what we have. Do we really need the latest iPhone? Do we really need a big house? These are wants. We have got what we needed but we are not satisfied and...

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Earned almost $400k from investing – Sam Goh of Wisdom Capital

Download audio file (2011-11-28_Sam_Goh.mp3) Alvin: Welcome everyone, welcome to the first video interview I am doing on BigFatPurse.com. My guest today is Sam Goh, a young and promising investor, who started Wisdom Capital at the age of 22. He is still studying in SMU by the way. Despite his age, he has already earned numerous accolades, including the “Money Sensible Youth Excellence Award” in 2006. Sam, welcome. Sam: My pleasure. Alvin: Would you tell us what this award is about? The “Money Sensible Youth Excellence Award”. Sam: “Money Sensible Youth Excellence Award” is actually an award that serves to...

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T3B Forex Gathering – 17 Dec 11

Clarence called for a year end gathering to introduce passive income strategies for short term volatility and long term stability. It may sound grand and good. In actual fact, he meant an automated forex trading system and land banking. Algojunction Algojunction was started in Sep 11 and had performed very well for the past few months: Sep – 145 pips Oct – 1031 pips Nov – 2090 pips Dec (as of 17 Dec)- 1196 pips He explained that it is leveraging on the mirror trader platform, whereby it is not a robot that is trading, but it allows you...

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MasterYourFinance.com Investing Mentor Session – 12 Dec 11

I have the privilege to conduct the mentor session on 12 Dec 11. For the first part, I shared about the book that I wrote, “Secrets of Singapore Trading Gurus”. There are many good points mentioned in the book but I will only highlight one secret from each trader. Someone in the audience has requested for the slides and I intend to put up the screen shots and elaborate from here. Keane taught me to let go of fear and greed towards money. Only in this way we are able to invest objectively and buy and sell at the...

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