We don’t normally do staycations, but we did one last weekend. Friday evening we packed up and left home for an overnight stay. We had dinner out, had a bit of a runabout before tucking the kids into bed. Once they were fast asleep, the wife and myself had a bit of quiet time chatting under the stars with lapping waves. It was a good break for everyone.
The next morning we bought the kids for a long walk in the adjourning park. We packed breakfast and had fruit when we were tired from walking. It was all great fun.
The kids enjoyed themselves totally. When asked if they want to do it again, their answer was a resounding yes.
We were glad we pushed ahead with it despite the misgivings we had initially. For one, the logistics were a pain. Packing an overnight bag for two adults is still managable. Packing an overnight bag for a frisky toddler and a little baby is an exponentially difficult task. Milk bottles, shower stuff, diapers, PJs, they all add up.
And because we were fortunate enough to be staying with my extended family, the task seemed even more daunting. At home, we had the luxury of …read more
By Alvin Chow
I met Kim in an event where we were both invited speakers. We have a commonality – we are on the side of retail investors, helping them to make better investment decisions.
Hence, it didn’t take long for us to strike a chord, and I was given an opportunity to pick his brain with questions from this interview.
You are in a speed networking event and you have twenty seconds to introduce yourself. What would you say?
Hi, I’m Kim. I live in Singapore, and I recently launched an independent investment research firm there.
I’ve worked in finance, as a stock analyst, hedge fund manager, capital markets consultant, and commentator, for close to 25 years, in half a dozen countries, and I’ve spent most of my time in emerging and frontier markets in the former Soviet Union and Asia.
I’ve moved around a lot and travel a lot because I like new places and languages and experiences, and appreciate the unfamiliar. My favorite thing in the world is taking complicated and difficult concepts, and making them clear and straightforward.
You can read more about my story here.
As a professional investment analyst and having been inside the financial industry, do you see retail investors disadvantaged when …read more
By Singapore Man of Leisure
First, read this article below; but don’t inhale!
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 retail investor weather the downturn. The man in the street needs something more concrete, something more tangible. They need clearer directions, she said.
Well, what the wife wants, the wife gets. #happywifehappylife. I have prepared a flowchart to help the retail investor with their thought process during these trying times. It is self explanatory, and it serves as a good fallback whenever you are in any form of doubt.
I will also elaborate further on some of the points in the charts below.
Click For Full Sized Flowchart
Let’s start with the easy parts first. Assuming you are a newbie investor and you are looking to buy the first stock. Follow the flow chart down the path on the right.
Spare Cash. If you are planning to buy stocks soon, the biggest question you need to …read more
By Lionel Yeo
A couple of years ago, I shared about how I tried Tim Ferriss’ Slow Carb Diet.
After 13 weeks of eating yong tau foo and avoiding my favourite noodles, I lost 5kg. GREAT SUCCESS!
Actually… not really.
As we all know now, fad diets are unsustainable. Fast forward 2 years, and my fiancee is poking my tummy and making fun of my muffin top:
Okay, I might have gone a little overboard with the Christmas dinners that week
Which is why I now realise that losing weight permanently is not about crash diets or P90X. These may give you some short-term results, but over the long-run, they don’t work.
Come to think of it, losing weight sustainably is a lot like investing.
You could spend every night trading in and out of the market, but statistically speaking, you’ll probably fail to beat the market over the long run. Or you could take the smarter path of low-effort index investing which has way better odds of success in the long-term.
Similarly, you could spend thousands of dollars at a fancy gym, try the latest cold-pressed-Paleo-Atkins diet… and still wake up with a muffin top 2 years later. Or you could work smart from the start and look …read more
By Singapore Man of Leisure
Why motivated you to start your investing journey in the first place?
By Alvin Chow
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 Monetary Authority of Singapore (MAS) (yet), and most investors tend to be cautious and prefer to sit out at the moment.
Also, investors may not comprehend and accurately assess the credit risks that they might be exposed to. Would their portfolio of crowdfunding projects be able to withstand the default rate and edge out a positive return?
Thinking about these questions is certain enough to tire the potential investor, and the easiest thing is to do nothing.
But what if you can try crowdfunding without risking your money?
CoAssets launched the CoAssets Tokens (CAT) project in recent weeks and you can claim up to 1,000 CAT tokens to invest in 3 simulated crowdfunding projects.
Before you dismiss it as just a game, there is actually real money returns!
Here is the screen shots of my potential interest collection:
It isn’t a lot of money, but it allowed …read more
I tell you, the majority of retail investors out there can parrot the correct answer.
However, the reality is most of them never listened to Warren Buffett; know how to quote only (someone should tell them that upon leaving school, quoting other people does not carry any brownie points like in tests or exams).
Just open up your portfolio.
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 fortune eager to write and share hence I agreed.
When I first started I knew nuts about blogging and writing but I gave it a shot anyway. Other than a short period in 2013 where a career switch kept me away, I have been going at it for more than three years now.
Rain or shine. An article a week.
For some bloggers, the hardest thing is in generating ideas. For others, it is in the language and the writing. For myself and I am sure I speak for many of my blogging peers as well, it is the consistency required.
The Toughest thing about Blogging is the Consistency.
Work takes me away often. The constant travel and irregular schedules takes a toil. There are times when I return from a long …read more