Before you jump into the Engineering bandwagon…

Readers might think that I have very reason to be cynical. Graduating in 1999 with an engineering degree would have been great if not for the actions by the Government to welcoming foreign engineers into our economy which kept all engineers on a low salary scale. As a consequence of that, Engineering departments in local universities became dumping grounds with better engineering students … [Read more...]

Beware of the rug under your feet

I saw a newspaper article on Straits Times regarding JC students shunning geography as a A lvl subject here. These are the articles that represent one of my grave concerns with my career as a tutor. Major changes like these can make or break my livelihood, and it's very important for me to stay up to date. Imagine if I'm a pure geography tutor who specialises in this one and only subject. … [Read more...]

Dr Lee Wei ling Explains the Stoic Philosophy

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There is something that I find it hard to deal with over the years. One of them is the need for extreme swings of happiness and sadness. Whenever there are case studies in life where it usually call for a collective need to be extremely happy (promotions, work success, family success) or extreme sadness (someone passes away, someone got into some really bad shxt), I find it hard for me to … [Read more...]

The Best Time To Start Investing

Over the past month, Alvin and myself have both written articles about the market downturn. I tried to explain from a psychological point of view why investors sell out during market crashes, while Alvin shared an excerpt of a newsletter we send to our Value Investing Club members. My wife was not very impressed though. She commented that these ideas we are discussing does nothing to help the … [Read more...]

I paid off my car loan!

Last month, I just finished my paying off the loan for my pre-owned car. Before the cap for borrowing had been set by law, I've already put in 50% down payment for it, so the amount of money that I borrowed is relatively low. Still, it's a great relief to have paid off something and have no debts. Now, if only that car loan that I've just paid off is my housing loan, haha! Since I'm relatively … [Read more...]

Is Maximizing Share Price Equals To Maximizing Shareholders’ Value?‏

If you ask any CEO of a company, he or she would tell you that their main objective for running the company is to maximize shareholders’ value.   Maximizing shareholders’ value is subjective because as shareholders, we all want different kind of things. Some want better sustainability reporting or others may want higher dividends. There are probably another group who wants the company share … [Read more...]

A Person is Less Successful in Life unless he has This

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There are usually 2 situations where you will have a conversation about success in life: When you are measuring others or when you have a mid life crisis. In all other situations, the topic of whether you are successful are usually not that important given how busy life is. During Chinese New Year, I met up with my old friend. He just quit his job, where he stayed for a long time (10 … [Read more...]

Starhub’s Poor Results

The last time I wrote about Starhub was a brief article in 2014.  The beauty of Starhub is that since then business have been humming along. When you get invested in a telecom operator in a mature region, unless you have a competitive edge over your competitor, usually much of your organic growth depends a lot on the oligopolistic nature of the business, economies of scope to sell services and … [Read more...]

Portfolio Update: January 2016

It’s a new year and with the latest updates (here and here) on my evolving (hopefully not flip-flop) investment philosophy, there will also be a change in the format of this monthly update. Don’t say I didn’t warn you beforehand. And yes, I have stopped calling it “passive income” even though my approach is definitely more “passive” than before. A portfolio is more apt since there will be 3 … [Read more...]

Free Crowdfunding Tokens With Real Money Returns

Crowdfunding is heating up in Singapore with more and more projects lining up for investors to choose from. Given that the property and stock markets are performing badly, some investors may be interested to turn to alternative investments such as crowdfunding. That said, crowdfunding has yet to reach the early majority. This is understandable as crowdfunding has not been regulated by the … [Read more...]

We walk together but alone

On Wed, I met up with 2 financial bloggers. Though it's not the first time we met, the online conversation spilled over to face to face interaction and before long, we chatted for nearly 5 hours just like that. This is shorter than the 6 hours I spent a few months ago here. My wife would probably lament that 3 grown men can chat longer than 3 aunties lol! There's usually a lot more sharing of … [Read more...]

An Idea to invest gained from daily life

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Disposable Gloves (Courtesy of Werneuchen, Wikipedia) I was inspired by a few bloggers as well as a friend, who found investing ideas from daily life (sadly, those stocks are not for me, don't understand them). So while I was working at my manufacturing plant, I looked for consumables that my company used in huge quantities and (hopefully) the company was listed in Singapore. I … [Read more...]

The Mindset Change Needed to Beat Poverty

A few weeks ago, I actually spent many hours piecing together a super long article (close to 2,000 words) regarding poverty in Singapore. Since it was already an essay in itself filled with many hyperlinks, I didn’t really want to burden readers with my opinions on how poverty can be best alleviated, which is through a mindset change from the various stakeholders. Hence, this article! (Don’t … [Read more...]

The Mindset Change Needed to Beat Poverty

A few weeks ago, I actually spent many hours piecing together a super long article (close to 2,000 words) regarding poverty in Singapore. Since it was already an essay in itself filled with many hyperlinks, I didn’t really want to burden readers with my opinions on how poverty can be best alleviated, which is through a mindset change from the various stakeholders. Hence, this article! (Don’t … [Read more...]

The Toughest Thing about Blogging (And Investing)

Bigfatpurse.com has been around since 2007. To give you some perspective, 2007 was the year the original iPhone was launched. In 2007, Twitter was barely a year old and Instagram was not to be in existence until three years later in 2010. As a blog, we have been around for a long time. I started writing for Bfp in 2012. Alvin cornered me into it asked me nicely and I was hungry for fame and … [Read more...]

The No Money Down HDB Case Study 1 Year Later: How did it work out Renting 3 Rooms and Living in Living Room?

This same time last year in 2015 I published a reader contribution where an acquaintance decide to take the path less traveled in renting out and living together. You can read about the start of the case study here in this article. What was unique about this case study was: They bought a 5 room resale HDB flat in Rest of Central Region They did it with a financing for the … [Read more...]

Who Are The Real Robbers?

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Let me start off with a story I read on the web. There was a robbery incident that took place in a bank one evening. The gang leader shouted to the crowd: Gang Leader: "Don't move. These are money that doesn't belong to you. Move and I will shoot you." This is called Mind Thrust Changing Concept The robbers knew exactly how long the police would arrived and they would finish their job … [Read more...]

How well did Stocks performed during Hyperinflation during Weimar Republic in Germany

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There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany, when the country experience a large amount of hyperinflation. The chart plots the stock market during the period in German Marks and USD. Note that the … [Read more...]

Microagressions – The breakfast of champions !

This is a very special Chinese New Year for me. For the first time, Millenials have come together to crowdsource the micro-aggressions that were thrown their way for this New Year. I think this is a very useful dataset which should excite any armchair social scientist like myself. You can access it here. I want to assert that micro-aggressions are the breakfast of champions … [Read more...]

In Memory of Dr Michael Leong

It is with sadness that Dr Michael Leong had lost his battle against cancer and passed away on 12 Feb 2016. He has helped countless retail investors by creating an affordable stock data platform, Shareinvestor.com, and sharing his investment philosophy through his book and forum (pertama.freeforums.net). I am one of the beneficiaries. I read Your First Million – Making It In Stocks in … [Read more...]