Author: Dr Wealth

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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On Sale: Secrets of Singapore Trading Gurus

Finally, the book is on sale at major bookstores! Over the past year, I have interviewed 8 traders in Singapore and recorded their wisdom into this book. Besides the book, you get to watch hours of interviews online! Thanks to Eileen of Moolah.asia and Aktive Learning who had helped to make this happen. Click here to buy The Genesis You would find familiarity to Mr Propwise’s “Secrets of Singapore Property Gurus“. This is no coincidence as this is indeed an appropriate sequel to his book since both are based on interviews. I was pretty inspired by “Market Wizards” series...

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On Sale: What Your School Never Taught You About Money by Dennis Ng

Dennis’s third book is on sale now! Free delivery to your home! BUY IT NOW! Titled “What Your School Never Taught You About Money“, the book covers 41 topics including: What Your School Never Taught You About Success Mindset What do successful people share in common? Learn how the rich think to become rich Increase financial literacy to increase wealth! A powerful concept that can help you achieve wealth and riches Use your time and money wisely and wealth will naturally follow Robert Kiyosaki’s definition of assets and liabilities are wrong 5 laws of money that would pull money...

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Style of no style approach to investing

Dennis shared a nice video interview of Bruce Lee. The legendary kung fu master is well known for his philosophical approach to fighting. He invented Jeet Kune Do, which emphasises on developing your own style of fighting that suits you, and not trying to stick to one school of kung fu. Don’t get set into one form, adapt it and build your own, and let it grow, be like water. Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the...

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Investment & Trading Report Card – Nov 11

Olympus was hit by accounting scandal. Unlike MF Global, Olympus did not filed for bankruptcy. It hid its debts for many years but its business is still afloat. Being the world’s largest endoscope maker, the company still has a foothold in the market. I see this as a temporary problem and it would turn around eventually. The risk of delisting still exists unless Olympus can report its financials before 14 Dec 2011. Trading Results: Open trades: Olympus – Bought 740.4, now 1022.4 (+38.1%) Devon Energy – Sold $65.53, now $61.94 (+5.5%) Hang Seng Index – Sold 18970, now  18097...

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T3B Gathering 23 Nov 11

Keane opined that the market is confused. Despite the indices making lows, there are still many US stocks that broke 3 year high within the last 2 months. Asian markets have retreated relatively more as Europe pulled their money away from Asia to save themselves. US has a lot of multinational companies overseas and hence are less affected by Europe woes and US debt problem. He is waiting for the last support to be weakened and the market will be on a bear run. However, there are more limitations to short selling than on the long side, for reasons...

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A kind reader rebuts

A kind reader has commented on my previous posting regarding options and sent me an email for clarification. I do not know everything and I can be wrong. Hence, I appreciate readers who bother to tell me that. Although we all want recognition to feel good but no one is perfect and it takes more courage and effort to point out my mistakes. I take things objectively. It is unnecessary to react negatively and be defensive about it. I would rather be open and see the other person’s perspective before judging. Below is the original email which the reader...

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Learn to Earn by Peter Lynch and John Rothchild

Learn to Earn touches on basic investment with a lot of explanations about capitalism, history of stock market and how should one approach investing. It is a good book to get one  thinking why invest in the first place and you would ask yourself a lot of fundamental questions. And the main message was to encourage people to invest in stocks. Here’s the main points: Shareholders do not get sued Shareholders do not get sued, “It [a corporation] can be sued, as can its managers and directors, but the owners – the shareholders- are protected. They can’t be sued...

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MasterYourFinance.com Investing Mentor Session – 14 Nov 11

Investing mentor going by his forum name, ein55, presented this month’s Investing Mentor Session. I must thank him for adding much more details to give this summary sufficient details. Political Game He started with the stand that the current situation is a crisis of confidence, and mainly politically driven (80% political and 20% financial). The issue can be resolved by united effort from various nations. Greece and Italy political leaders have paid for their price (losing the leadership) for not able to resolve the crisis on time, and this will help to warn other political leaders (Europe and US)...

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S&P 500 Dividend Aristocrats Index

I have never been interested in buying stocks based on dividends but I do know there are investors who do that and want to hold these stocks forever. A similar philosophy of Warren Buffett. Or even what Robert Kiyosaki preached, invest for cash flow. Come to think of it, you go into business with the objective of making profits. Imagine that stock market does not exist and all businesses are privately owned, how would you evaluate which business to get into, if you have a chance to buy a piece of a company? You will definitely look into the...

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How I avoided MFGlobal’s bankruptcy?

The recent MFGlobal bankruptcy saga was all in the news and it was such a hot topic that The Sunday Times put up a report and interviews on local Singaporeans investing/trading in stocks and CFDs. I guessed their agenda was to evaluate the investing climate of Singaporeans, and if there is a large percentage of people using CFDs. In fact, most of the interviewees were young adults in their early 20s. I guessed the journalists assumed this is a high risk group of people who are internet savvy and can easily be enticed into CFD trading, given the promise...

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Investment & Trading Report Card – Oct 11

The stock market has risen for the past 4 weeks and the ‘good news’ from the European Summit boost the stock markets by 3-4% on 27 Oct 11. And the market is also expecting China to step in with rescue funds for the debt-ridden European economy. The 50% write-downs on Greek debts will be bored by banks and private investors. And where would the money come from to boost the rescue funds to 1 trillion euro dollars? Print again? Many details have not been sorted out. Everything is fine until another European country (Italy next?) to declare her debt...

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