Author: Rolf Suey - Better Late Than Never

Principles of Success – Ray Dalio (Part 2)

This post continues from Part 1. YOUR TWO BIGGEST BARRIERS  Going through the biggest mistakes in life, can give you a “healthy fear” of being wrong. In other words, it will give you deep humility. At the same time, it will not stop you from going after the things you wanted.  To succeed, you need to see more than what you alone can see. But standing in our ways are the two biggest barriers everyone faces.  1. Our ego  2. Blind spot barriers  EGO BARRIER  This is the part of the brain that prevent you from acknowledging your weaknesses...

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Principles of Success – Ray Dalio (Part 1)

Ray Dalio is one of my favourite investment guru. He is clever, truthful and humble and always see the bigger picture that matters. Last year he created new animated mini-serial videos on Youtube after the all famous “How the Economic machine works”. The new video series, Principles for Success focuses on the life principles that have Ray Dalio the most. Refer to link here.   Below is the extract I summarised from the vid. 1 – THE CALL TO ADVENTURE Deal with your “not knowing” You do not know much relative to what you need to know. Success in life...

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Rolf’s Updates – My Priorities in Life – Health, Finance, Family, Friends & Hobbies – 2019 1Q

Hi all, it’s been a while since I am online blogging. This does not mean that I stop writing and sharing. In fact, I have written as many articles about life since the last 2.5 years, but in a more privately manner sharing within my own circle of friends.This week, I took a leave to relax and spend time with my family during school holiday. I was prompted intuitively to update my blog. Here I am, my first article in 2019 based on my 5 priorities in life that I blogged about many times in the past – H2F3. Generally...

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Big losses in listed O&G /marine companies…But salaries still big

It’s been awhile since I delved into the reading of annual reports. Last night I decided to read reports of several listed O&G/marine companies in Singapore. Big losses Undoubtedly many listed O&G/marine companies were in dire straits and outlook ahead were uncertain. There is no question that balance sheets of many these companies are strained with piling debts. Liabilities exceeded assets with limited cash to keep business going. Not to mention the reliability of the “assets”, if they truly worth what it was stated. Auditors also raised going concern doubts for many companies. Many companies had loses in 2015...

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Bitcoin – Monkey business

Want to know about *BITCOIN* A lot of monkeys lived near a village.???????????????????????????? One day a merchant came to the village to buy these monkeys!???????????????????????? He announced that he will buy the monkeys @ $100 each. ???????? The villagers thought that this man is mad.???? They thought how can somebody buy stray monkeys at $100 each????? Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. ???? This news spread like wildfire and people caught monkeys and sold it to the merchant.???? After a few days, the merchant announced that...

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What is Headship

Headship or leadership is very important in our lives. A country needs a good President/Prime minister and government to lead. A company needs a good CEO and the management team to lead. A household also requires good husband and wife to lead so that the family stays intact without going astray.  Consider a human body, the head is over all the rest of the members of the body. The head is where the mind is, and has direct connection with each member of the body. When the head fails, the members of the body falls apart. Many people want...

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Think right and live right

A lot of times, we upgrade ourselves by learning a new skill in order to be more knowledgeable. We tend to focus on what the “upgrade” can do for us externally. For instance, the focus is to have a pay raise, to receive a promotion, to get a better job or maybe even because it is fun and interesting. This type of “upgrade” is usually an “outside in” changes. It is normally temporary. The most important change is normally not to externally add a skill to achieve a “job title promotion or salary increase”. It is to change the way we think. In...

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Rolf’s Updates – My Priorities in Life – Health, Finance, Family, Friends & Hobbies.

It’s been awhile since I last blogged. Apparently, this is only my 6th article this year. During my blogging heydays, regularly 6 or more articles per month is commonplace. Anyway a lot of good things take place since 1 year ago. I reckon I did not miss much, except for the missing all my blogger friends, my loyal readers or even for those who do not really like my blog. :-) My life was completely transformed since 1 year ago. It is as if it is no longer I who live. That the spirit of life and truth is...

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Baby Delivery Costs at Private Hospitals from 2011 to 2017 (TMC vs Mt Alvernia) – How Much Cash Outlay You Need?

Last month was an extremely joyful day for our family as we have our new addition baby boy. So I decided to compile the monetary cost of bringing him to this world. Refer to my earlier post in Dec 2014 when we had our last child. Actual costs from prenatal to delivery Below is a table comparing our 3 of our kids. Variations in costs Ward Type / Days Stay * TMC room rates – click here ** Mount Alvernia room rates – click here My wife only stayed 2 days in the hospital which is considerably short. In fact, mummy is so healthy that...

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Three important traits that most retail stock investors need to have for good success

1st trait  I remember in the last few years when I was really fervent into investment. No matter how busy I was with my family or work, I almost always will spend equal or more time and effort into learning to perfect my investment skills, even at expense of my sleep hours. This trait I call it “PERSEVERANCE” which is defined as “keep doing something steadfastly and does not give up”.  2nd trait  Then the oil crisis struck in late 2014 and not only it affected my stock portfolio but also my career. Companies suffered and many went bankrupt....

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How Real is the Trump-driven Stock Market Bull’s Run lately?

I had been away from the stock market for several months now and then I realized that there had been a bull run lately. Dow crossing 20k and STI crossing 3k. Wow… Great according to what Trump tweeted and many reckon he is going to transform the US economy for the better. You really think so? I remember in several months ago when Trump was the candidate, he mentioned we are in a day huge bubble that will burst anytime, and even worse if Fed is going to increase interest rate! Now he is the president and when Dow...

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My Rewards from Learning Investment

Last June, I wrote about “my greatest reward of learning investment” in one of my article titled “The Fallacy of “How to be Rich” from Investing in Shares (Part 2)”. I mentioned back then, that my stock investment did not increase my material wealth significantly since I started in 2010. Even if it did, it was a humble one, unlike the extravagant rewards you often hear on the advertised courses.  This is considering the fact that I did spend a considerably huge amount of time and effort into mastering the art of stock investment. Furthermore I do have an...

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Good Bye 2016, Hello 2017!

This is the first week of 2017. Happy New Year everyone! 2016 ended remarkably well for me and my family as far as intangible non-material aspects of life is concern. My family is healthier both physically and spiritually. Relationships in my house improved tremendously too. Above all, we were blessed with a godsend baby boy due in few months time. Financially, while income and investment returns fall, overall financial status and net cash inflow (income minus expenses) for the year are very healthy. The year also ended well with a close to three weeks break from work for me and...

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Differences between Happiness and Joy – Do you know?

Consider below statement: “As long as I am happy, I do no evil or nothing against law, I am clear conscience to my soul, I will live without regrets each day!” In contemporary society, many will think that the above statement is so true. Is it really true? Happiness Everyone wants to be happy. We make chasing this elusive ideal of happiness a lifelong pursuit. We work hard to earn, and after we earn, we either spent it on ourselves or on others. We collect things and constantly search for new experiences to satisfy our desires. But happiness depends...

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Latest Updates – Portfolio, Market and Life (The Good and Bad News)

It’s been more than three weeks since my last post. This is probably one of the longest breaks between posts for me since I started blogging in Mar 2014. Perhaps, it will be the case going forward at least for a while. To start, let us recapitulate the last update on my portfolio, market and life, here. Portfolio Brief  Very similar to last update except I further disposed more stocks to accumulate cash during this period. Super Group acquisition news and GLP rumored sale caused their stock prices to surge and I took opportunity to offload. Bad news I also accepted substantial...

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