Author: Growing your tree of prosperity

What can we learn from the changes to the Accounting profession ?

This is my first blog post using my iPad Pro with Apple Keyboard. I am currently blogging from Yishun Library. One of the more interesting developments in Singapore is the initiative to allow Polytechnic graduates to obtain an advanced diploma while working as an accounting technician to qualify as a chartered accountant without getting a degree. I believe that this news is probably making waves in NTU and NUS where an accounting degree was meant to be an assured ticket to the middle class. Accountants may have some concerns as to how this may impact their earnings capabilities in...

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Lessons for Investors from my last Karaoke session !

Yesterday was the highlight of my school holidays as a very generous classmate took the initiative to organise a karaoke for us. The location was at K Suites at Orchard Parade hotel, as we are all SMU students, we pay $18 per head which was relatively cheap as it is a short walk from Orchard MRT station. As you guys might be aware, there is a significant age gap between my classmates and me. My classmates are mostly over a decade younger than me. Some of them who did not go to a karaoke with me before, and snarkily...

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What Satay Bee-hoon can tell you about your financial future.

As I am still in a holiday mood, I’m just going to write an article about my life in general. The past couple of days have been unusually stressful. As I have only 3 weeks of holidays, I decided to rush through my computer gaming and ended up solving Legacy of the Void in 4 sittings at Casual mode. Playing games at the same intensity in law school is not particularly fun but I think that game wrapped up the entire Starcraft storyline quite well and I’m not too sure whether a Starcraft III would even be possible after...

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On PSLE, self-worth and net worth.

One of the interesting things I’ve notice is that for quite a number of years since the 2011 elections, the reports on PSLE result have changed dramatically. There is no longer an emphasis on raw PSLE t-scores in mainstream media. Instead, newspapers prefer to celebrate students who overcome many obstacles in life to do well in the exams. This is good social engineering. However, starting this year, there is a new kind of phenomenon. Singaporeans are coming out in social media to talk about their so-called poor PSLE results and, in an attempt to make the kids feels good,...

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Exams are over ! Quick update on my life.

My last paper was today. I’m going to take it slow and slowly get back into blogging. First, a quick update. With 3 semesters of law school down, it has just dawned upon us that Law School is not easy at all when you compact it into three short years. Even the elite RJC types who made it into a LLB program needs 4 years to graduate, most of us ordinary mortals of the JD program who used to working Joes should have seen the suffering and pain coming a mile away. I can only say that my CFA...

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How to be a financial troll ?

Some financial bloggers met yesterday and we discussed how a financial blogger can theoretically turn troll and earn Ad sense revenue by engaging with pissed off readers. I am trying to distill the discussion into something more concise for the benefit of other financial bloggers. While most are not trolls by my standards, a bit of trolling can make the blog livelier and expand the audience to include people who tune in just to find out what you are going to say next. So here are some ideas : a) Be young and ‘inexperienced’ Some bloggers who might be...

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When it rains, it pours !

Unlike the other financial bloggers who active talk about their investments, I do not usually share my portfolio positions on this blog. The reason is that if I do so, I was concerned that some readers might latch onto the idea of dividends investing so fanatically that they might suffer serious losses or miss out on something more tried and tested being offered by, in my view, better informed financial bloggers out there like Investment Moats or the mighty AK71. But I think sharing my investment bloopers is quite fine because it is educational and demonstrates to readers that...

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Are you a One Punch Investor ?

If you are a fan of Japanese Anime, you might have watched a few episodes of One Punch Man. In spite of the fact that Saitama can kill any Kaiju Monster with just one punch, this is an eminently human story of how a person can cope with ennui and boredom when he finally attains god-like powers. I can definitely relate to that, being somewhat having no income for the past 22 months but being  able to hold out as a SMU student. As  a student, my expenses have become really small and most of my time is spent...

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Almost 22 months years since I left the workforce !

Time really flies… Thought a quick update is in order. a) Financial update It’s quite scary to think that I’ve not had a pay check from a company for 22 months. Even more interesting is that I’ve yet to draw on my investment portfolio capital since the last day I left the workforce. Some sales did take place to reposition my stocks and some monies were returned when MIIF was taken off SGX. But all on all, I was able to farm part of my dividends back into the markets and a couple of P2P lending campaigns. But overall,...

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Prosperity should be a technique, not a theology !

If you have been following the news and social media, you might come to the conclusion that the problems which arise in our society is that people tend to conflate technique with theology when it comes to material prosperity. a) What is the theology of Prosperity ? Prosperity as a theology is dangerous idea. It means that belief and faith becomes a sufficient condition to attain material prosperity in this world. It comes in many guises, not necessarily in the form of a religious group. Some authors like to sell the idea that by simply thinking and locking yourself...

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Cost of having a child is way overblown !

A few prominent bloggers like Budget Babe have started talking about the costs of having a child. Quite intimidating for married couples planning to have kids and singles is the infographic of the price-tag of $1,000,000 to have a child. I think this number is blown out of proportion, even if empirically true, the $1,000,000 payment does not happen up front but over the the life of the child but it creates an illusion that $1,000,000 is a pre-requisite to being a parent. I am pretty sure that our birthrate would be zero in such a case. Let’s mathematically...

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Dating advice for financially independent men.

I do not need to really blog anymore. These days, a fellow blogger might just refer some readers here and all I have to do is to react to their article. Investment Moats put up a really hilarious article today. Before I start, a little bit about my dating history. I was NOT financially independent when I was dating, but I was a bona fide cheap date in my early thirties struggling and failing every month to live on my dividends. But me and my missus were happy. We ordered a $7 Nasi Briyani from Shami Banana Leaf restaurant...

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How to beat the STI index ?

  A lot of other blogs talks about the virtues of the STI ETF index ( ES3 ).   For most beginners, buying the entire index makes sense. As ETFs generally have low management fees, holding the ETF for a long term yields solid dividends and you get to make a general bet on the Singapore economy.   But what if you are an intermediate investor and want better performance on the STI index?   One way is to understand that the STI index is a capitalization-weighted index. This means that the position of an individual stock when you...

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Law versus Chaos in Personal Finance.

I just completed 90% of two research papers and started by mid-term holidays ( Lectures resume next Tuesday ) and have only a few minutes to create this update. Recently a really horrible piece of financial advice came out from Elite Daily which was immediately pounced upon by by my friend and uber blogger Budget Babe. I would like to add some context and nuance about personal finance in general. We need to think about our adult lives as battle of Law against Chaos. On the side of Law is our desire for security. To meet our goal of...

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How to deal with the idea of 15% yielding "unicorn" yield stocks.

Investment moats struck blogger gold again with an article on keeping cash around for that 15% yielding stock. To me, this article borders on financial pornography, but it does so in two good ways : Firstly, Driz’zt did not insist that 15% yields exists, he merely suggests that a prudent investor hold some cash in reserve should that day arrive. Secondly, he referenced my blog, so I would need to put in some effort to build on his ideas. The main idea of my article is that a 15% yielding stock which would pave the way for your financial...

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