Joe Cashflow
Make more money? Earn more money? Make your money work harder for you? Manage your money better? Investment ideas? Hell, yeah! You're at the right place. Everything about increasing your personal cashflow! Thinking required.
Monday, August 22, 2011
Present like Steve Jobs by BNET
Sunday, August 21, 2011
Manage your Business Better with Action Coach Jeevan - BFM Podcast available
Saturday, July 30, 2011
App-ing your Way to Success with Dropbox Part 2
Do you need to be a CFA to be a Better Investor?
Vitaliy: In short – the answer is YES.
I am a Chartered Financial Analyst, and I learned a lot from going through the CFA program (as well as from getting two finance degrees); but the problem with the CFA program is that half your time is wasted on useless concepts, and since there is an exam, the program also requires you to be a good test taker (I was never good at that).
It is probably still the most relevant program if you want to be an investor; but in all honesty, you can take the CFA curriculum, pick relevant subjects, e.g. economics, accounting, valuation (excluding Modern Portfolio Theory), statistics, behavioral finance, and derivatives, and study them on your own and just not worry about taking the exam. You’ll learn a lot, won’t waste your time on irrelevant academic and politically correct topics like ethics (all you need to know is to always put clients’ interests first, and err on the side of the perception of wrong doing vs. legality. When people trust you with their life savings, you never want them to question your true motives).
But that would be just a start. Then you’d want to read a lot on value investing (books, blogs, newsletters/interviews, presentations, etc.) and finally, take as much money as you could afford to lose and start investing.
Paraphrasing Charlie Munger, learning about investing only from books is like learning about sex from romantic novels."
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Hm, so perhaps, I should re-think the CFA after all..! Lol!
Well, not quite. The main reason why I'm doing this is give me an internationally recognised qualification. A CFA to me is the Gold Standard in the investing world and would open up a career in investment. So, it's not a bad deal - personal improvement and career development to me. If I want to pursue a career in finance, this bolsters my CV/reputation.
Currently, locally, there are only 400 CFA charter holders in Malaysia. While this means there is a demand here but it opens windows to other countries within Asia too, ie: HK, Singapore.
So, be clear on that - you don't really need a CFA to be Better Investor but it helps. Just ask yourself, perhaps there is a cheaper and less time consuming way to improve yourself in the skill-sets offered within the programme?For those already sitting for it in Malaysia, all the best!Tuesday, July 19, 2011
"App"-ing your Way to Success Pt 1 - Evernote
Everyone knows an Elephant Doesn't Forget! (Evernote Logo)
Their taglines are:
- Remember Everything
- Capture Anything
- Access Anywhere
- Find Things Fast
Excellent for the road warrior always on the move and if you don't have a pen, whip out your smartphone and why not just take a picture of it or audio record telling yourself what you need to do. Then, if you're away for your phone, you can always log in online to check your to-do list via your desktop or through your other devices. Basically, pens are now so 20th century, yo!
You can ever share notebooks with people to share information(think shopping list)/to-do-list. Basic stuff. Don't expect to run a project via Evernote basic.
To top it off , it's free on both the Apple and Android market! With premium (USD 5 a month or 45 a year), you get 1 gig of space, upload more file types - MSword, Video and you can even corroborate on projects via Evernote!
Other Alternatives
Other competitors which do pretty-much the same thing include Colour Note and Spring Pad. I have not done comprehensive testing on those apps except for some playing around with Spring Pad. One good thing is Spring Pad seems more colourful and is more interesting-looking by giving the option of using colour-coding. Evernote can be abit dull looking with its grey+green theme at times.
For my next 2nd part of this App series, I shall discuss a real-powerful tool and a personal favourite of mine - Dropbox. Catch me next week!
An intro video on Evernote by a 3rd Party.
Full Discloure: Yet, another unsolicited post!