Thursday, 27 August 2015

Seize The Day

Yesterday, when I wrote my piece: Financial Advice From Spiritual Leaders, it went off tangent in the comments section (it happens a lot with me).

I like to write in Chinese with Sillyinvestor as he one of the few whom I can banter with when it comes to Chinese literature and Oriental philosophies.

I would like to share the equivalent to what I quoted in Chinese: 人生得意须尽欢.

And that's: Seize the day!

It's best expressed in this short clip from Dead Poets Society:


OK, for those who like to split hairs, literally translated its not the same. But the spirit of the words are most apt!

If you are cynical, you can explain, whine, and complain why its easy for some to Seize The Day, but not you.

But deep down, you know what and who you are today are the decisions you have made (or not made) yesterday.

If you have "outsourced" your decision makings to others in the past, have you wondered why you are so eager to do DIY investing/trading now?

Or maybe the DIY part is another one of those little lies you often tell yourself?


Wednesday, 26 August 2015

Financial advice from Spiritual Leaders

I'm agnostic (I can't verify whether there's God or no God), with a bias towards Oriental philosophies like Zen and Taoism.

Whenever I find people lamenting or complaining that Big Daddy should have taught us financial literacy in schools, I always have a wry smile. 

These people must be atheists!

Since I can bluff my way through Buddhism and Christianity (I even found time to learn about Orthodox Christianity during my time in Athens), let me share with you 2 snippets:

1) The Sigalovata Sutra and Buddha's advice on money.

2) Parable of the Talents - Mathew 25:14-30

For those who are believers, well, something for you to ask your shepherd this weekend!

For those who are atheists, let me remind you there were a choice during school for you to take up Business and/or Financial studies. Why didn't you?

If you are graduates, there's Graduate Diploma in Financial Management and similar post-graduate qualifications from many tertiary institutions.

And non-graduates like me, there are lots of books like Finance for non-accounting managers, or Finance for dummies, and other similar titles. What's stopping you from life long learning?

P.S.  Muslim and Hindu friends out there, if you can share a snippet from your faith on money management in the comments section, that would be very much appreciated!

I know the Koran must have; if not there would not be Shariah compliant investment funds.

Sunday, 23 August 2015

Cycles and Trends

If you believe the current correction is no different from the 2011Fiscal Cliff and 2013 Taper Tantrum corrections, and this 2009 bull market has legs for another push up to STI 3800 next year and beyond, you would respond and act accordingly during the next weeks.

Buy the freaking dip?

If you believe that trends don't go on forever and this 2009 bull market cycle is coming to a close, then you would be preparing for the start of the next bull market cycle like in 1998, 2003, 2009.

Load up when there's maximum doom and gloom?

Wait a minute!

Don't they look similar?

Not on your life!

What's the difference then?

The bleeding heart calls it war chest. 

The fisherman calls it pillow stock strategy.

I call it cash as ballast. (I like the imagery of me in my little sailing boat braving the rough seas)

If you just started out your investing journey during the last 1 to 2 years, don't worry if you don't understand. 

You'll figure this out for yourself when you discover what it feels like to see the STI double only for your portfolio to break-even.... (next cycle, you swear to yourself never to make the same mistake twice!)

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