By Singapore Man of Leisure
Watch this 6 minute video:
You know what? Sometimes the same idea can be stumbled onto by two separate persons miles apart and yet having similar conclusions. The interesting thing is that they are both educators.
The similar idea in local context: Persistence and Grit triumphs Talent
I’ve a great Geography teacher at Gan Eng Seng School during my secondary 2.
She told me, “Jared, don’t give up. Others study 10 minutes, they understand. If you need 7 hours, so be it. Once you understand, there’s no difference.”
Mdm Foo is still teaching at Gan Eng Seng and still very much loved by her current students and past students; judging by the comments in Facebook.
Compared to some teachers who take the easy way out by encouraging students to drop subjects (don’t mess up their KPIs), how not to love and respect teachers like Mdm Foo?
And that’s pretty much the story of my life. Others have i7, I’m stuck with Pentium 386….
When I cross the finishing line in life’s marathon, there’s no cheering crowd, no organisers to give me a certificate, no cameras, no nothing.
But if someone asks me whether I have completed life’s marathon, I can …read more
At a cocktail reception last week, I ended up chatting with an American lady. Let’s call her Susan.
Susan is an acupuncturist. She practices acupuncture in a neighboring country up north. Now, an American practicing traditional chinese medicine is definitely not a common occurrence, at least in my context. My curiosity was piqued and I asked her how she got down to studying and eventually practicing it.
Susan was happy to share. She has been a clinical psychologist for many years before. She had many patients coming to see her for their problems, including but not limited to alcoholism, drug abuse, depression and so on and so forth. She helped some but many fell by the wayside.
She thought there must be a more concrete way of helping these people other than just listening and giving them advice. With that in mind, Susan went in search of alternative medicine and enrolled herself in acupuncture school. According to her, she had absolutely no idea what acupuncture entails before she started.
School took some years and those were formative times for Susan. She began to understand and appreciate the art of putting needles into the human body. She saw how proper treatment under a skilled practitioner …read more
Last night, I ended up at this round table discussion whereby Young NTUC has been gathering feedback from the many youths on their concerns between the balancing of social and economic priorities in Singapore, while maintaining the family as the foundation.
Wait. How did I ended up there again? I’m not exactly a spring chicken…
Oh! It’s for the FREE dinner. (I’ll do anything to get a free meal nowadays.)
Hey! Lim Swee Say was there too! Excellent speaker. Adept at using stories to put ideas across too.
But enough name dropping!
And no worries, I won’t bore you with the details; I’m not an activist or mouth piece.
When I signed in, I saw there’s an “Activist” designation next to my name. I crossed it out and wrote: “Pacifist”. Wink.
3 informal sessions were already held with singles, newlyweds, long-time married couples, single parents, etc.
Last night was the presentation of their collective feedback and asking us at the round table to give inputs.
I noticed one glaring omission – Time.
The presentation was peppered with benefits and money, and the usual wish lists. I suspect those they interviewed must have been office executives working from 9-6 in 5 day work week.
So I spoke …read more
By Sharon Ang
In the midst of the daily grind, between meeting KPIs and satisfying bosses, clients and colleagues, it is easy to lose sight of the big picture. Everyone dreams of being financially free, being rich, having choices. However, few actually reach the goal.
What are some attitudes necessary to cultivate a rich mindset?
1. Lose the hourly pay mindset
As much as your job pays the bills, you must lose the ‘hourly pay’ mindset. You should not be in your job just for that $x per hour (after dividing your pay by the number of hours you work a month).
Time is money. Time is your life. With the majority of living hours spent on a day job, look for opportunities to:
– Learn transferable skill sets like negotiation, analysis, writing, making pitches, handling office politics and managing egos can be applied anywhere.
– Take on assignments that will help you to level up in your next role.
– Seek a mentor whom you admire, preferably successful bosses close to retirement. They are not only generous in sharing their perspectives and experiences; they may very well open up opportunities for you by connecting you or speaking up for you.
2. Have a long term perspective (versus survival …read more
By Singapore Man of Leisure
First, a shout-out to our fisherman qian bei who after spending several weeks of happy planning for his third trip to Hong Kong, has found himself in a situation that was “not planned”….
Qian bei, stay safe and have fun!
His experience brought back fond memories of my first “protest march”.
Flash back to March 2005 where Beijing passed the Anti-Session law, whereby if Taiwan declared independence, Beijing would have no choice but to take Taiwan forcibly by military force.
I was in Taipei for a business trip then.
It was one of those lucky business trips where I had a free weekend in between.
Our Taipei office were divided into the Green camp and Blue camp. Chen Shui Bian (Green camp) was President at that time, and doing his best to rile Beijing up from time to time with his rhetoric.
There was a weekend protest march organised by Chen Shui Bian’s Green camp to voice their displeasure over Beijing’s threat.
What do you know? Part of the protest route was near the hotel where I was staying – 中山北路.
Girls, if you want to check out nice bridal gowns or give your boy boy …read more
By Alvin Chow
I met up with Xeo after completing the interview. He kindly passed me his recently published book, 5 Elements of Successful Investors. He co-authored the book with Jonathan Quek, whom I have interviewed on BigFatPurse too. Well, that’s how small the world is.
I will pick out the main ideas of this book to spur your thinking.
Knowing Your Investment Personality
Xeo believed that an investment strategy must complement an investor’s personality. He noticed many people are going after investment strategies blindly, without first knowing themselves. Hence, the book emphasizes the 4 different types of personalities, illustrated by Fire, Earth, Air and Water.
The best part of the book is that it contains a quiz which aims to find out which element you are.
I took the test and I turned out to be both Earth and Air.
The characteristics of Earth say that I am facts driven, and often numbers based. Less affected by emotions and relatively more conservative than the other elements. The bad side is that I may be slow to react to opportunities because of my skeptical nature. At the same time, the Air element enables me to assess situations and paint possible scenarios that may unfold. As such, I …read more
By Calvin Yeo
CPF just announced that unit trusts and investment linked plans under CPF will now have stricter expense ratio caps.
What Is Total Expense Ratio?
All unit trusts generally have a total expense ratio (TER) which is the annual costs of operating a fund, expressed as a percentage of the fund’s average net asset value. The costs generally include investment management fees, research fees, trustee fees, audit fees etc.
TER is very important as very high ratios can reduce your returns dramatically. For example, if your annual expected returns from the equities is 5%, a 2% TER will reduce your annual returns to a mere 3%. So this is definitely a good move. In general, TER of most unit trusts have ranged from 1+% to 3+%.
By reducing the TER by about 0.2 to 0.3%, investors can get $200 to $300 in annual savings from a $100k investment.
Does It Make Sense To Invest In CPFIS Unit Trusts and Investment Linked Plans?
First off, we need to understand that CPF OA gives a guaranteed return of at least 2.5% while the CPF SA gives a guaranteed return of at least 4%. So the unit trusts must be able to beat the 2.5% and 4% for …read more
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