Personal Finance
Happy CNY, what’s in your Ang Pow?
By Rainbow Coin  •  February 13, 2021
It's a tradition that I will blog every CNY. It is chu er today, I am still having blogger (writer) block and can only offer a light bite here (brain food still in oven). Rest assure I have not retired from finance blogging, I was just taking a short break. Inspired by SMOL's recent comment, I would like to ask What's in your Ang Pow? Money of course la! Opps I am afraid not... that's currency. What? If you don't know, read this https://www.wallstreetmojo.com/money-vs-currency/ and this Currency vs Money: Did you know there’s a difference?. Now that you know the difference, next is to ask yourself - am I accumulating currency or money? The rich sought money in many forms - properties, assets, gold, silver, cryptocurrencies... you get the idea. The rich know very well the difference between good and bad money. They know how to get their hands on the good money too and keep them....
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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