Thursday, 27 April 2017
First, a shout out to the butterfly who spotted a pattern that 99% of the readers here would have missed...
My previous posts on Survivorship Bias and "人家说你就信?" have something in common:
One is don't believe what others do; the other is don't believe what others say.
I am part of the 99%.
I did not plan it to be so. Honest!
But once alerted to it, how can I not complete this "unplanned" trilogy?
Don't believe what I say
I think most of you can relate with me here.
I often say things for the sake of say, say only.
Like eating healthy, do more exercise, read more, I would visit this place one day; etc...
How about in investing?
Stock we eyeing is $1. Too expensive! We tell others we will nibble at $0.70. Right...
Remember Jan 2016? When STI dropped near to 2500? What did you do? Now price back up to $1, we say next time the price drop back to $0.70 again we will surely buy this time! Right...
When colleagues are bitching about management at the water-cooler, I nod my head and say, "Yalor, yalor." All for the sake of blending in.
What do I do when management shouts, "Jump!"
I echo back, "How high?"
Hello! You think I want to be sheep all my life? Of course I want to be shepherd!
Not because I enjoy being a shepherd; I want to gain access to landowners.
Now that's networking with people that matters!
At kopitiam, its a national sport to knn big daddy. What? You expect me to defend big daddy and risk being ostracised?
I think I should get an Oscar for my Hollywood skills!
I'm so fake I'll make a Mainland Chinese counterfeiter proud!
What do I do during elections?
Of course I not stupid. I got own assets one hor! Even though its nano in size. Nano landowner is still landowner what?
Sheep will complain HDB 99 year leasehold is not an asset; we don't own it. Yet what do they do? Go apply HDB BTO... LL.
Yup, we all like to say, say only. Wink.
Don't believe what I do
I take pride that I practice consultative selling - I help my customers make their own buying decision themselves.
I'm not Sim Lim; I don't push products out.
Its all very nice posturing; I do so because I am confident most customers will buy from me.
I am competent in selling.
If friends in sales say to you to support a friend leh... That means they are not competent yet in their craft of selling. They are using emotional blackmail to make a sale.
Back to my pride in consultative selling.
The $64K question is - am I doing it for myself (one of Maslow's hierarchy of needs); or am I doing it more for my customers?
Last month, I found a purse on the bus and returned it to the rightful owner. Inside a few hundred dollars.
I was thinking to myself. Would I have done the same if I've found a million dollars?
I definitely would pause and think about it for a while. (My cultivation not complete yet, but at least I can question the reflection in the mirror)
All of us has a "price".
What would you do if you "found" a million dollars?
Do you honestly believe what you say?
Wednesday, 26 April 2017
I should have cancelled my CPF Dependant's Protection Scheme when I came back at age 44.
I completely forgotten about it...
Talk about don't sweat the small stuffs!
I did cancel my Term insurance when I came back.
When the 20 years break-even for my remaining Wholelife policy was hit 2 years back, I cancelled it too.
I remembered because the annual premiums were in the thousands.
Yes, this proves the annual premiums for this CPF DPS policy were dirt cheap.
Highly recommended to get it when you hit age 21.
The annual premium for those age 34 and below is just $36 per annum! Cheap right?
$46K is not a lot, but when you have little or no savings in our 20s, at least its something for our parents to tide them over in the event we have to depart "abruptly".
But once we've reached our 40s, I think this CPF DPS policy would have out-lived its usefulness. Unless you tell me, in your 40s, you still don't have $46K to your name...
Most of us would have forgotten about it - just like me - as the annual premiums were frequently paid out from our annual CPF interests received.
However, this year different for me.
At age 50 and above, the annual premium will have a "big" jump in percentages. Although in dollar terms, they're still pretty modest.
If you want to keep it till age 60, also can.
It won't cost you an arm or leg - especially for those who like to voluntarily top-up your CPF - the increased CPF interests will be more than enough to offset the increased in annual premiums for DPS due to your higher age.
However, I prefer to take out my CPF; not put more in.
Just went down to NTUC Income as Bras Basah road to sign the opt-out form.
Then took the opportunity to say hello to Kwan Im Ma at Waterloo Street.
Wow! So crowded on a Wednesday afternoon?
Oh! Today is 初一!