Author: Growing your tree of prosperity

If you want to rich, be a bigger asshole !

Here’s a conversation I had with a colleague some time ago : Me : If are walking along Orchard Road, an insurance agent and a snake approaches you. You have a gun with two bullets, what do you do ? Friend : I shoot the snake and the insurance agent. Me : Wrong, you should shoot the insurance agent twice, just to make sure he’s dead. Friend : Actually, I disagree, if you’re lucky the snake will bite the agent and kill him for you. So you save two bullets. Me : Nah, if the snake bites the agent,...

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Some random updates.

I do not have a major insight to share this week as I have been hard at work writing programming code in R and also preparing to be Emcee for a friend’s wedding tomorrow. Here’s what’s been happening in my life : a) A nice book review from BigFatPurse. You can find a review of my book here : http://www.bigfatpurse.com/ The reviewers have been very kind to provide quite a favorable review of my first book.which was the only piece of work which broke even financially after accounting for my costs. It is also a book which I was...

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To succeed – Do more of this, do less of that.

To accumulate wealth and attain financial independence, the most important thing you need to do is to earn more and spend less. This will increase your savings so that your portfolio can grow as large as possible. A lot of people make the mistake of thinking that it all boils down into investment ability, but squeezing 1% out of a small $10,000 portfolio can only take you this far. In a similar vein, if your objective is to lose weight and lower your blood sugar, you would have to eat less and exercise more. My friends have a lot...

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Thoughts after 5 months of retirement.

Time really flies. It’s been 5 months since my mini-retirement and now given that I’ve gotĀ a seat in the SMU JD program, there is at least some finality to my life plans. There is now some hope for an interesting career beyond financial independence. Here are some of my current thoughts : a) Portfolio financial performance has been very strong for the past 5 months. Most investors will no doubt have enjoyed the upturn in the markets lately. The market for yield countersĀ have been really spectacular. Capital gains and income gains, even after my living expenses exceeded 15 months...

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The April Fool’s Portfolio : The End.

I’m stopping the April’s Fool portfolio. All stocks were liquidated last Friday. There are two issues with a Current Net Assets Value portfolio : a) It has a “J-curve” characteristic. The experience from folks who employ this strategy often experience a slight dip before it starts rocketing ahead. I felt that the wait will be substantial and have to prepare my funds for law school, so it does not make sense to continue with this portfolio. b) You need more stocks for this to work. I would expect a 20 stock portfolio to be more successful. This strategy is...

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