To him whom you love to hate and hate to love

It hadn’t always been a smooth relationship. When I was young, I respected him as I would to any adult, especially one who so crucially shaped Singapore the way it is today. Back then, he was still the Prime Minister of Singapore and I remembered fondly the crowds that stood up and cheered loudly for him whenever he arrived on national day parade every year. I must be one of the last batches of … [Read more...]

My Two Rolex

rolex-10.jpg

I never wanted to have a Rolex. But today I realised that I have not just one, but two! Two Rolex right in front of me and I didn't know! A Rolex watch is a status symbol, a hallmark of those who had arrived. But I think I'll never ever buy one. I prefer my time pieces to be digital, so that time telling is precise. I also need my time pieces to have a stop watch, water resistant, have night … [Read more...]

Book review – The Singapore Permanent Portfolio by Alvin Chow

The-Singapore-Permanent-Portfolio-Cover-e1426640880454.png

Alvin from BigFatPurse is very kind to pass me a copy of his newest book, The Singapore Permanent Portfolio. I've always wanted to know more about the Permanent portfolio, so this comes as a godsend. Why is it named the permanent portfolio? I think I'll answer that question at the end of this post. The permanent portfolio is an investment idea that comes from US in the 70s, but the idea is that … [Read more...]

SMART expo

SMART expo had been around organizing events and seminars for quite a while. This March is their 38th one running in the series. The event is free and it's good if you're interested or want to find out more about investing in properties around the region or if you want to know more about investing/trading in the stock market and achieving financial freedom. The list of speakers include Ken Chee, … [Read more...]

FREE Jim Rogers seminar

jim-ro10.jpg

I know some of you are fans of Jim Rogers, so here's a lobang you can't miss. To those who don't know who he is, here's a quick description of him. He is a astute investor who is quite unlike others. He is a top down kind of investor who bets on big macro trends in the economy, unlike some other gurus who go from bottom up. He had said before that commodities will be the thing to look out for in … [Read more...]

Unactionable advise

Things should be made simpler, but not to such an extent that a big part of the meaning is lost. We often hear of market truism like the following: 1. Buy low, sell high 2. Don't lose your capital 3. Diversify diversify diversify and many many more. I'm sure if we look hard enough, we can find contradicting truism that runs contrary to an existing one. With regards to the above 3 truism, I … [Read more...]

Old posts made new: Multiple brokerage platforms

When market crashes, you thought that you can be nimble and sell your stocks if you’re in the wrong side of a trade. But have you encountered situations where your brokerage platform failed on you? I looked through my 2007 posts and realized that I posted about it before. It’s found here: 1. The sky is falling 2. SPECIAL DAY – TAKE NOTE 3. DAMN U DBS 4. Finally logged on to DBS Back … [Read more...]

Old posts made new: Warrants Trading

I'm starting a new series in my blog, called "Old posts made new". I know, the name is quite lame and I'm not in a creative mood to come up with fancy name now. In this series, I'll look back at some of the past articles I've posted in my site and compare to see if it still stands true now. Most importantly, I'll share some of the psychology behind my thinking in the past and contrast against that … [Read more...]

Of men and women

If you go to any shopping mall, you will notice how the goods in the men's department and ladies' department are arranged in different manner. 1. The items in men's department are packed in nice boxes. Shirts are sold in transparent packages and neatly arranged in colour, size and cutting. If you know what you are looking for, you can swoop in and get the right package, pay for it and it's … [Read more...]

Hurray for redundancy

I saw B's post on market valuation here and I thought he did a good job to remind people about not investing when market valuation is high. I'm here to warn about another thing - that disasters does not strike alone. Usually we're well equipped to handle one big disaster in our life, but we're seldom well equipped to handle 2 or more in quick successive hits. We talk about employing our war … [Read more...]

2 minus 1 is different from 1 minus 0

The numerical difference between 1 and 2 is the same as that between 0 and 1, but they are not the same. I cite some examples: 1. When sharing food, and there's only one piece left, nobody touches the food. Every time you take away a piece, you deprive others of having another piece. This deprivation is greatest when you take away the last piece, compared to any other pieces. Suddenly from … [Read more...]

What’s 14 subtracted from 432?

Sorry, I just had to get this out of my head. I learnt about binary system in JC but I was very bad at it. However, that new number system is so vastly different from the current decimal one that I'm obsessed and fascinated by it at the same time. It had always been on my mind and recently more so. Did I tell you that being moody makes me ultra creative in unexpected ways? It can be in the form of … [Read more...]

I played 800 games of 100 coin toss

You have to read this article before this to make sense of what I'm saying here. After putting up the probability distribution and showing that after playing 100 toss of coin, where each head gives you $2 and each tail takes away $1 from you, will not always give you a positive returns, I was still unsatisfied. I went ahead and did a monte carlo simulation of the game on excel. Using RAND() … [Read more...]

THAT statement is probably improbable

I saw this article from the fifth person while having mee goreng for lunch. The article talked about how you can increase your wins in investing. All in all, a good piece of article. Sound investing advice. The only complain that I have is that it's not sound mathematically. I'm being anal about this, of course, and it's all because of one word. But let's hear my arguments. You play a game of … [Read more...]

Realize (the value of time)

time-w10.jpg

This is a fantastic poem called Realize, author unknown. I first saw it hanging as a poster in my then girlfriend's room. This poem captured both the essence of time in the viewpoint of different people in their unique circumstances. Take this as the sequel of my previous post "Time slipping through my hands like sand". Realize ----------- To realize the value of one year, ask a student who … [Read more...]

Time slipping through my hands like sand

It's nearing the end of Feb. Soon it'll be March and it'll be another quarter of 2015 gone. Just like that. It's crazy when you sit back and observe the flow of time. It's slowest when you have nothing to do and you keep looking at your watch, urging with all your mental strength for the minutes to tick by faster. It's fastest when you're the busiest, secretly wishing that time will slow down … [Read more...]

Thought experiment on being FF

What will I do after I have a million dollars? A million dollar is figurative, it might not really be one million dollars. Could be 2 million. The point is, what will I do if I have the financial means not to ever work again? Quite resolutely and with much certainty, I'll continue doing what I'm doing. I don't hate my job; in fact I like it very very much. There's a lot of meaning and it brings … [Read more...]

Why I read blogs

My daily morning routine for the past few years had been quite constant. The first thing I do is usually to go to TheFinance.sg to read what other people are blogging about in an area of interest known as 'Personal finance' and 'Finance'. TheFinance.sg is actually a blog aggregator, which means that I just have to access one site to see a range of different sites that contributes to it, saving me … [Read more...]

Planting a bamboo is insane

Can you imagine sitting still for years, doing the same thing again and again while waiting for the results, if any, to show? People might have called this the definition of insanity - doing the same thing again and again yet hoping for a different results. But there's exactly how a Chinese bamboo tree takes to grow. Most tree will grow steadily, so you can definitely see progress for the … [Read more...]

How to do a 2 variable data table

I was going to teach a student business analytics, which is something I've never really done before. So far so good, it's half statistics, which I already knew but more application type of questions (instead of theoretical ones) somewhat related to making sound business decisions. The other half is about simulation and modelling using mainly excel. I've always wanted to learn the deeper end of … [Read more...]