Author: Dr Wealth

Economics Professor Talks Money – Dr Tan Kee Wee

You would have heard Dr Tan’s interesting economic insights on 938LIVE Money Talks. He has been doing the show for 5 years running. By telling stories to illustrate his views about the world of finance and investments, he made it easy and interesting for the laymen to understand. Jon and I unanimously wanted to invite him for a chat and hopefully, glean some insights from him. Below is what transpired during our conversation with Dr Tan. What do you do for a living? My clients pay me for my economic advice. I also make some money on my own from...

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Available Now! Secrets of Singapore Trading Gurus Videos

It has been one year since the Secrets of Singapore Trading Gurus book was launched. Thank you for those who have bought the book. The old link that hosted the videos is no longer valid as moolah.asia has closed down. I have ported the videos to BFP. Now, everyone can access the recorded videos of the interviews regardless you bought the book or not. The videos feature the following traders (less Dave Foo): You can access the videos here. Related posts: Secrets of Singapore Trading Gurus vs Secrets of Highly Profitable Traders On Sale: Secrets of Singapore Trading Gurus...

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Fooled by Randomness – The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb

Imagine the most obnoxious tai tai you have ever come across – demanding and loud, dripping with bling, overpowering perfume; a total assault on all your senses. In the realm of books, this is exactly what Fooled by Randomness is. Nassim Taleb has an axe to grind with traditional market thinkers and like the extremely wealthy socialite in the classy restaurant, he isn’t afraid of gesticulating wildly and demanding that immediate and undivided attention be lavished on his ideas. And like the lady in question, there is no question that this book is rich. It is so laden and...

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Speculative play on bad news

I rarely share about speculative activities on BigFatPurse because I do not want to encourage readers to speculate and lose money in the process. However, I do have the urge to share some of my speculations in this post. Again, I emphasise the purpose of this post is to share my experiences and not to encourage you to participate. Crashes and ‘mini crashes’ We know that stock market crashes once in many years and it is very profitable if we can all buy near the lows. Stock market crashes because of fear and prices become irrational. And because prices...

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Luck or Skill

I am typing this post while holidaying in Osaka. Few days ago, my girlfriend and I was supposed to travel to Kyoto and spend a night in a temple. As it was autumn, the sun set pretty early at around 4pm. We navigated in the dark and Google map pointed us to a temple which was closed. In fact, many temples were closed. We were pretty lost and wondered if we would ever get to the right temple. My girlfriend tried asking passer-bys for directions. Most did not know about the temple although they were trying to be helpful....

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How to start Singapore Permanent Portfolio?

Following is an example plan to show how an investor can start a Singapore Permanent Portfolio. The figures here are for readers to double check against the figures in their own plans to start a Singapore Permanent Portfolio, and are not advices nor recommendations that readers should invest in these particular assets. In the example, an investor starts with minimum sum S$12,000. The investor strives to get as close to 25% initial allocation for each asset as possible. Below figures exclude brokerage fees and annual fees. Example: Using data from 2 April 2012, to start a Singapore Permanent Portfolio, an investor can...

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The Zurich Axioms by Max Gunther

This is one of those books that challenges societal beliefs. Victor Niederhoffer made his displeasure obvious in his review of the book. He labelled it “one of the worst books ever written” and “[a] totally worthless book”. Interestingly, the Amazon ratings were not that bad after all. Anyway, I decided to give it read. Max is the son of a Zurich-born banker, Frank Henry. The axioms were preached by his father and some of his Swiss associates. It is about how the Swiss made it rich. The book was to record these wealth principles and it is organised into...

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7 Reasons for Using Passive Investing Strategy

My Passive Investing Portfolio Both my cash and CPF are invested into passively managed portfolio using Permanent Portfolio strategy. I am able to justify investing with passive portfolio because i have studied this strategy in depth, though about the potential good and bad points, and conclude the risk reward of this portfolio is suitable for my investment aim: preserve capital, reasonable growth, no need for market timng, stock picking and company research, and no need for constant monitoring. The final aim is to grow my investments into the millions to secure my retirement. Having financial security and independence along...

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The difficulty of becoming a successful entrepreneur or trader

The Singapore Business Review (SBR) issue 50 (Nov 12) covered an article about deal sites. With the rise of Groupon, many copycats had sprung around the world and Singapore too, had joined in the race. Beeconomic.com was the success story. Karl Chong started the the site which was eventually bought over by Groupon. Karl remained as the CEO of Groupon Singapore. Most of us would have only paid attention to this fairy tale and wished we were in Karl’s shoes. We are cultprits of survivorship bias – we did not see how many had failed for a successful Karl....

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2 Common Mistakes Committed by Traders

In the trading arena, it is inevitable that traders across the globe will commit mistakes that will result in small or massive trading losses with regard to their trading capital. This is especially applicable to beginner traders who possess little or minimal real life trading experiences in the areas of asset classes such as currencies and commodities. Today, we shall explore and look at what are some of the most common mistakes committed by traders in present day context. 1. Failure to Master the Art and Science of Psychology of Trading In times when traders committed a lost trade,...

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Interview with The Ultimate Banker – Edwin Lim

The following is an interview with Edwin Lim, co-author of The Ultimate Banker.  Edwin has more than 23 years of banking experience and held COO appointments in many banks. Now, he wants to teach you how to have a successful career in the bank. What prompted you to write the book? I decided to write this book 3 years ago because I felt frustrated that most of the books out there were mainly marketing the authors themselves or by people who had not made it and provided misleading information of what it is really like. I believe that for...

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How do I invest CPF money in Permanent Portfolio?

In Singapore, the Central Provident Fund (CPF) is a compulsory comprehensive savings plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare and housing needs. Investor first need to be aware of some rules relating to CPF money investment. You are allowed to invest 100% of investible Ordinary Account money in STI ETF (ES3), 100% in Singapore Government Securities 30-year Bond (PH1S) that trades on SGX, 100% on Unit Trusts/Mutual Funds, and 35% on stocks. You can invest only 10% of investible Ordinary Account money in UOB Gold Savings Account and Gold ETF (O87). The first...

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Exercising the Heart – selling my beloved property at an irresistible price

The Pinnacle at Duxton is a public housing project like no others. Conceived after a competition involving over 200 architecture firms from around the world was held to select the best design, the seven 50-storey interconnected blocks consist of 1848 units and 2 sky gardens on the 26th and 50th floor. It was the site where the first two original HDB blocks were build in 1963, and with its Wiki page and its official website now, the Pinnacle is a juxtaposition of historical and modern day Singapore. With it’s slew of local and international awards, there is no doubt...

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The Ultimate Banker by Edwin Lim, Kaiwen Leong, PhD & Edward H. Choi

Part self-help career guide, part introduction to the banking industry and part biography, The Ultimate Banker is the culmination and condensation of Edwin Lim’s 23 years of experience in the industry which saw him rise from trainee to Chief Operations Officer of several multi-national banks. Co-written by Singapore’s Lost Son Leong Kaiwen and Princeton undergrad Edward H. Choi, the book is an interesting insight into the banking industry. The book breaks down the industry into clearly defined segments of Investment Banking, Wealth Management and Treasury and succinctly explains the roles of each. While global universal banks such as Citi...

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Sharpen your Investment & Trading Decisions and Ride the Market Volatility

Today, I was invited by one of the remisiers from Lim & Tan Securities to speak at their event at SGX Auditorium. It was an encouraging sight to see people streaming in on an early Saturday morning, keen to learn about investing. But I cannot fail to notice most of the audience were in their 50s and 60s. My main objective of the talk was to encourage them to look internally and search for obstacles which are holding them back to create successes in their investment. Most of us are interested in investing strategies and we would rarely do...

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