Monday, January 31, 2011
Thursday, January 27, 2011
Once a rat.. always a rat!
Wednesday, January 26, 2011
Tuesday, January 25, 2011
I first heard it being played on BFM and I checked out the website and it's brilliant!
The videos load easily (yes, on streamyx) and you can even have subtitles with some videos having up to 25 languages!
One of the vidoes I wanted to highlight is this:
This was taken sometime in October 2010 so its still quite recent. Watch it till the end not only for the insight into China's rise and how it is different from the West but you'll be surprise what the Chinese invented that is so popular in the west!
Check it out!
Saturday, January 22, 2011
Wednesday, January 19, 2011
But I would love to hear from you guys! What common lines do you hate the most and why?
Tuesday, January 18, 2011
Sunday, January 16, 2011
Sure, you can get a new, better paying job - but I'm not here to interview you for a job opening - instead what I'm here for is to share some basic skills and knowledge that everybody, and I mean everybody, should have. Managing your finances, as they call it - to make more money with what you already have.
First of all, it’s a powerful tool to make your money work harder for you. It’s funny how we all work so hard for our money, and yet never have given thought to how it can work harder for us.
I love it so much that every single day in the year I spend RM9.50 on a grande Cappuccino at Starbucks. Doing the simple math of RM9.50 x 365 = RM 3467.5 (assuming it’s not a leap year).
Now, how much do you think I'd save annually if I had taken that money and put it into a fixed deposit account instead (with say 5% interest per year and the interest is left in the account to accumulate – ie: compound interest.)?
Doing the math, by the end of the 20th year, I would have RM 114,656!
RM 3467.5 x 20 = A mere RM 69, 350.
Thanks to compound interest, I'd have effortlessly made myself an additional, sweet RM 44k!
This in turn, leads me to introduce the Rule of 72.
If you had a fixed amount of money and you wanted to calculate how many years it would take to double it, just divide the rate of your returns against it.
For example, you have a fixed deposit which gives you a returns rate of 6% per annum. 72/6 = 12 years for your money to double.
This rule also works if you want to calculate the returns rate which you need to double your money in a certain number of years - e.g. say 6 years which is 12%. (72/12 = 6 years)
However, the only downside to the above is this rule is less useful if the number that divides it is 20 or above.
With that realization, I hope you've come to understand two things - It is worth saving and investing money here and now!
1) Start early.
That is all for now. Look out for my 2nd part of my guest series on the HOW to manage, after we've dealt today with the WHY. Until next time!
Wednesday, January 12, 2011
Tuesday, January 11, 2011
My losses/gains in 2H 2010 and notes(Click on the pic to enlarge)
I lost money on MYEG, SEGI warrants, Notion Vtec and Rubicon Minerals (an American listed Gold mining company).
Over these few days I shall examine these losses. Two at a time.(if all at one time, too painful!)
MYEG - was one of the first purchases. I was convinced that this was a good buy at that time because I was thinking it was the only E-gov provider providing such services as renewal of road tax, maid licenses, etc.The next few weeks eyeing the stock, it jumped and I got excited and thought I had missed the boat. When it retracted, I jumped! It was RM0.80+ then and I had taken quite big position by my standards.
Next, I waited. A few months later, I was reading about other stocks and grew impatient and MYEG was barely budging and if fact, it was dropping. So, I decided to sell into other stocks at a loss of about a few cent per share. *sigh* I also realised I did not look at the companies fundamentals and fully understand the stock. This was my first loss.
MYEG going forward - But, I still believe MYEG at first glance looks like a good idea with its unique position (only e-gov provider of services) and it was listed in Jan's Personal Finance Money as a pick for 2011 for Kenanga Research.... ****
Notion Vtec -Besides Personal Money, I also read the monthly shares digest aptly called - Shares. One of its picks that month was Notion citing that all the chip producing companies had doubled and were looking strong. Based solely on that, I took a medium position in the stock. Next thing I knew, it dropped by 10% and mentally setting my losses to be capped at 10% I sold.
Why 10%? It was a sell rule I had picked up reading a book called "24 Essential Lessons for Investment Success" by William J. O'Neil and 10% was the biggest lost I was willing to take.
Wow, writing all that makes me feel really dumb right now.
But it would have been dumber if I had held Notion Vtec which now had dropped from the RM2.70 I sold to RM 1.50 or lower! This was down to some problems it had with it factory and the general slump chipmakers were going through in 2010. So, the positive was that the market turned the other way.
NOTION going forward - Last I read in the Edge was Notion was attempting to grow in the Camera Sector but I am generally sceptical as the slump in chipmakers is quite bad with the rise of smartphones and tablets affecting sales of netbooks.
Moving Forward now...
So, peeps, how can I improve? Next time...
1) If you read some stock tip/advise, research, research,research! Does the business outlook support your assumptions? Do the numbers add up? How do the ratios compare to other competitors in the market (locally and regionally)?
2) Sit out and think about it and think whether there are better opportunities out there. Let the 'hot tip' simmer in your head and talk it over. Do others share your enthusiasm? Or are you just wanting to hear what you want to hear?
3) Take a small/moderate position in the stock. Remember to diversify and not to pull all your eggs in one basket!
That's all for now, peeps.. Tomorrow I will talk about my two biggest losses - RBY and Segi Warrants.
Monday, January 10, 2011
Friday, January 7, 2011
Thursday, January 6, 2011
Gold seems to be the investment on everyone's lips these days.
Contra? You mean that uber awesome tv game we used to play as kids!
Wednesday, January 5, 2011
Love books? Audio books? Know someone who loves books and you need to get him/her a gift?
There must not be a guy reading this who does not know Starcraft, WoW, Diablo, Warcraft RTS - All games produced by Blizzard which merged with Activision a few years ago. Activision are equally as famous for games such as Guitar Hero and Call of Duty (CoD).
With the New Year, so comes the New Tax Year! While the end of April is a distance away..