Yup, Tuesday afternoons are my movie concession watching days.
You know what? This movie by Robert De Nero and Anne Hathaway was surprisingly good!
No fast car chasers, explosions, or body counts; just simple old dialogue and relationships.
There are some useful scenes and clues on:
1) How to get liked by your co-workers and boss.
2) How to be proactive (get things done before being told).
But then again, it’s all pretty useless unless what you do is already a habit of yours; and they reflect your true self.
We can fake it in the beginning; but under the scrutiny of time, it may do more damage to be found out as a “fake”…
Still, it’s good to know why your colleagues are being noticed and liked by the boss – and not you.
Women, your worst enemy is not men
You know it already.
It’s other bitches.
Success is what you have to sacrifice to achieve it
Two of my ex-bosses are now divorced. One had a nervous breakdown.
Between my ex-colleagues and classmates, I need more than one hand to count the number of divorces amongst them.
Why is Robert De Nero still acting?
Robert De Nero’s real life age is 72 – …read more
By Alvin Chow
There were 19,505 successful applicants of the Singapore Savings Bonds (SSBs) who would invest a collective sum of S$413m, or an average of S$21,174 each.
This is an under-subscription in many people’s eyes considering Monetary Authority of Singapore catered S$2 billion to S$4 billion for the first few SSB issues. There was an expectation of high demand…
Why is there an under-subscription?
Alfred Chia from SingCapital said in an interview that it could be because the investors need Central Depository accounts and not everyone has one. It would take a while for investors to open their accounts to hold the SSBs. He might be right as this news report said that SGX saw an average of 8,500 new CDP accounts per month since July 2015, up from 6,500 previously.
My 15 HWW shared his thoughts on this issue and he suggested some plausible reasons such as investors expect higher interest rates in the future (because of Janet Yellen) and lack of confidence in the Singapore Government securities (because of protesters against CPF).
In such cases, without more data, we are unable to really tell the cause/s of this situation. And it could be a temporary issue and the subscriptions could indeed go up.
By Singapore Man of Leisure
I was at an investment seminar this afternoon.
The session was supposed to start at 1:00 pm “sharp”.
However, at 1:15 pm, quite a lot of people were still streaming in…
Since I was sitting near the entrance, I started to “people watch” and “time” the late-comers.
The last person to walk in was an elderly male gentleman in has 70s? He came in at 2:10 pm – a princely 1 hour late!? On a Sunday afternoon?
I’ll poke the organiser next time I meet him – don’t print on the programme sheet the session will start 1:00 pm sharp when you don’t mean it.
No, the organising side did not start on time too… (But that’s a post for another time)
You are definitely not a trader if you are habitually late
If you consider trading a craft – and not a play play hobby to pass time – you would know that discipline is one of the key attributes for consistent performance.
The amount of work and preparations before a trader turns up at work (or turns on his PC if trading from home) is almost a daily lifestyle.
Repetition becomes habit; habit becomes lifestyle.
If I’m to visit a place I’ve never been before, …read more
By Lionel Yeo
“So, would you like to go on a hot air balloon ride?”, my Turkish tour guide asked. It was going to set me back an extra $200 USD.
If I was asked that question 5 years ago, I might have hesitated. I might have started doing comparisons like “$200 USD! That’s like $300 SGD, which is equal to 100 plates of wanton mee, which is how much I spend on food in a month! Is this really worth it?”
But 2 weeks ago, I didn’t hesitate. I smiled, handed over the money, and took that awesome hot air balloon ride.
It’s great to spend money and not feel guilty about it.
No, you don’t have to be an expert at self-delusion. All you need is a systematic way of structuring your finances. Allow me to share it with you today.
The Big Nebulous Mass
How many of us look at the menu in a restaurant and have that familiar mental battle in our heads?
“That appetiser costs $29. Is it really worth it?”
“Of course it’s worth it! You’re SUPER HUNGRY right now and you can use a delicious stuffed mussel in your mouth.”
“Fine, …read more
By Alvin Chow
Straits Times Index (STI) had 3 new members in the 30-stock index.
SATS, UOL and Yangzijiang have replaced Jardine Matheson, Jardine Strategic and Olam.
The announcement was made on 3 Sep 2015 and the change have taken effect on 21 Sep 2015.
It is common belief that stocks that were added into the index could be bidded up in price while the exited stocks would experience sell downs. But we need to verify if this is true for STI.
I went to Yahoo! Finance to chart the comparison among these stocks and also use STI ETF as a reference point. Below is how the chart looks like and you can click to enlarge the image:
Let me indicate the percentage changes in stock prices for the period 3-21 Sep 2015:
- SATS: +12%
- YangZiJiang: +11%
- STI ETF: 0%
- UOL: -1%
- Olam: -2%
- Jardine Strategic: -4%
- Jardine Matheson: -5%
As a group, new STI entrants gained 7% while STI exits lost 4%. There was indeed an effect on the STI components as they got switched in and out of the index.
Why This Phenomenon?
The favourite explanation was that index funds and ETFs, which are replicating the index stocks, would make big transactions that could move stock prices. These funds have to buy the new entrants regardless …read more
How much interests do credit card companies charge for lending money to consumers?
Write it down.
How much do licensed money-lenders charge?
Try google or make a phone call.
Write the rates down.
Ever wondered how much do illegal money-lenders charge?
Talk to a taxi-driver.
Write it down.
Now, if you have $1,000 to lend to a stranger (can be a company) you have never known before, how much interests would you charge?
If you charge lesser than the credit companies, someone is sniggering behind your back.
Remember, credit companies have access to your credit report before approving your credit card application.
If you default, there are quite a few legal recourse to recover their money:
Levy on your savings accounts
Lien on your assets or property
Pray tell how are you going to recover your $1,000 in the event of a default? Small claims court? Ask big daddy for help?
Yup, by now, you probably want to charge “Ah Long” rates for the risks you are taking!
Before you do so, you may want to check with your religious shepherd whether this may fxxx-up the end game for your after-life…
We don’t want to be more financially literate than those amateur retail “money-lenders”; but end up committing the sin of usury, do we?
Think about it for a moment.
When a surgeon and medical doctor says things he knows full well it ain’t true, all for the sake of TV ratings and product placements by “vested interests”, what more can we say about other “experts” we think we can trust?
Now extrapolate this reflection into other realms.
The recently concluded General Elections had all political parties presenting their manifestos. There were many interesting proposals. Some fractions wanted to cut the defense budget. Others proposed better ways of running our healthcare system. Many felt that we could do more to help the poor.
Whether or not these suggestions will work in isolation or even as a whole is highly debatable. What it has led me to realise is that for every decision made there has to be a compromise.
The role of a good government is to find that balance and work towards the greater good of all its citizens. And a large part of that lies in allocating resources for the production of public and merit goods.
Students of economics would be familiar with the term ‘public goods’. Typical examples of public goods are national defense and street lighting. These are goods provided without profit by the government.
Because public goods are ‘non-rivalrous’ in nature, the consumption of a public good by a person does not reduce the amount of that good for consumption by another person. At the same time, it is also not possible for exclude someone from the consumption of that public good. Every citizen benefits from …read more
By Singapore Man of Leisure
I don’t like to talk about this CPF thingy as the headline pretty much sums up how I feel about it.
But now that there’s an opportunity to poke both sides of the debate, how can I let it pass?
Here’s my contribution to muddying the waters a little more!
Look, if you can earn and save $100K per year, how is voluntarily making a $7K yearly CPF top-up (optimise tax relief) a bad thing?
OK, $100K is over-kill. How about $50K then?
You still have plenty set aside for opportunity and/or emergency funds. You win liao lor!
But if someone earns and saves $10K per year and make a monkey-see-monkey-do voluntary $7K CPF top-up, wait, what is that dumb-fxxx doing?
Ah! See? So easy to jump to conclusion…
What if that person is in his late 40s or early 50s, and has decades long track record of making losses in properties, equities, mutual funds, etc.
A Charlie Brown when it comes to investing. You still want to give advice against him topping up his CPF?
How about someone in his early 20s, haven’t bought his first property yet, doing a transfer of his CPF ordinary account to special account?
Ah! Now you smarter!
Before …read more
By Lionel Yeo
At first, this doesn’t seem to make any sense: Warren Buffett started investing at the age of eleven, yet he essentially made almost all his wealth after the age of 50.
Were the first 39 years of his investing timeframe just a waste of time?
The truth is, that’s how compound interest works. Compound interest grows your wealth at a maddeningly slow pace at first. Then it speeds up. And it goes faster and faster and faster.
Most people don’t get this. In a world where everyone wants to make money NOWNOWNOW, few investors can appreciate the power of the most powerful force in the world.
But for those who have the patience (and the guts) to stick it out, the odds are squarely in their favour.
Allow me to explain.
The Good Stuff Comes Towards The End
The first 30% of your wealth would’ve taken you a looooong time to build, but the remaining 70% of your …read more