Wednesday, 6 July 2022

Would Malaysians Voluntarily Contribute To Their EPF?


I mean their EPF dividends beats our CPF interest rates hands down:

EPF declares higher dividends for 2021

Before we proceed, have you noticed its dividends for EPF but interests for CPF?

It could be just semantics; no big deal. Or is it?

Are there any Malaysians here (former also can!)?

If the EPF dividends are 5%-6%, do you still feel the need to "invest" to Earn More? 

I mean Save More can oredi! No?

How is it in Malaysia?

Would a similar "1M65" movement gain traction over there?

Or would the more financially literate Malaysians prefer to weather the risk of capital loss by investing in Singapore dividends stocks for the same 5%-6% dividend yield?


What do the more financially literate Singaporeans do?


Saturday, 2 July 2022

Take the Stairs? Really?


OK, maybe with the exception of cryptos...  

But you must know which floor to get OUT of the elevator!

The idea that with a small sum of $10K, we can be a millionaire in 4-5 years is very cool!

Then again, I can also take the Toto elevator too!

I mean just $1 Quick Pick gives me a chance to be a millionaire as well!

Although it has eluded me for the past 30 years... (not working out too well for me)

Normally, when we have dementia, most family members and relatives will shy away from taking care of you fulltime.

But if you are rich, alone, and have no dependents, all of sudden you find relatives "fighting" to be your legal guardian!?

I think some Singaporeans are taking a page out of that Mainland Chinese tour guide who discovered financial freedom just by calling someone, "Mommy!"

My sibling has just got his Lasting Power of Attorney done. I'm one of his donees.

OK, I better get my legal matters done up too; when I'm still lucid.

I don't want to be used as an elevator.

You never know when I'll capitulate and be totally besotted to a 18 year old when I'm in my 80s!!!

Monday, 27 June 2022

Blog Reaction To Confronting Mr Loo About 1M65


Have you watched those viewer reaction videos on YouTube?

Well, I thought I'll do one. Sort of... (Since I do not have a YouTube channel)

Hope it works via blogging!

OK, see if you can watch the video below in its entirety. Warning: 38 minutes long... 

Now to my spontaneous reactions:

1)  Hey! Mr Loo practice "Market Timing" too! 

2)  In current environment, CASH is more powerful, whereas CPF has very limited use... (14.22 in video for those who can't be bothered to watch the full video)


3)  1M65 is just an "inspiration" call... With inflation and lifestyle escalation, we'll certainly need more than that. 

Couldn't agree more! 

Regular visitors to this watering hole know my minimum and recommended PC requirement analogies. Wink.

4)  This last take away, its something I love the best!!!

Most people who quote Rich Dad Poor Dad often intentionally or unconsciously avoid the big gorilla in the room - Business Ownership. 

How many parents would encourage their own child to take 6 months off studies to learn the ropes of running a business in the real world?

Mr Loo is imparting the Rich Dad values to his children. Respect.

Ink blots - we see what we want to see

Well, I must say I'm a bit surprised after watching the whole video!

I started with the expectation to "Argue with the Stop Sign"...

In the end, I had to change the post label to "Street Smarts".

I don't know about you, but all I hear is about Earn More stuffs!?


To think I've been wasting my time arguing with his acolytes who couldn't read between the lines.

These acolytes probably still think the 1M65 movement is about Save More!?

If you listened to why and how Mr Loo chose the 1M65 moniker, it was because it hit the "sweet spot".

Those of you in sales, marketing, or advertising would know what he did there. Wink.

And when I found out Endowus is a client of Mr Loo, let's just say I'm not surprised. Wink, wink.

How about you?

What's your viewer reactions?

Do you see what I see?

Or have I missed other interesting points due to my bias and selective perceptions?

Alternative and opposite opinions welcomed. Just as long you don't hit the face! (I don't wear a brown paper bag over my head)

Thursday, 23 June 2022

Timing Is Everything. No?


We are often talked down to, "Don't time the market, its a fool's game..."

Its like throwing shit on to the wall; throw enough, some of it will stick...

Have you noticed what we "believe" in investing/trading, often they conflict with what we EXPERIENCE in REAL LIFE?

For Chinese readers, you may straight away think of our 5,000 years of China wisdom:


Timing; Location; People 

Funny how "timing" is placed at the front...

How about relationships?

Some of us know how it is to meet the "right" person at the "wrong" time...

And when we are ready at the "right" time, the "wrong" person turned up...

Or do you just "capitulate" and don't "time the market" - just grab anyone will do?


This most of us can relate!!!

Of course competence and talent are important. However, being at the RIGHT place at the RIGHT time can equally be important. Some may argue its even more crucial!!!


If you got married in your mid 20s instead of focusing on your career first; you know and I know. Wink.

Yup, that's how your peers who got married in their mid 20s can afford to upgrade to condo (after 2 bites of the HDB cherry) at the same time you are applying for you first HDB flat in your mid 30s...


If you have at least 10 years of bull/bear experience in the markets, I'm sure you now have a different appreciation of "don't time the markets"... 

At current WTI crude prices, Hyflux and Hin Leong would be still around and thriving!!!

This is something you may want to take note.

Even if you don't practice Timing the Market (head in the sand), the vehicle you're riding on cannot ESCAPE the effects of Market Timing!

Monday, 20 June 2022

Let's Target Women!


I often tell this African shoes story (I changed it to fit our local context) to "brainwash" new salespersons as part of our cheerleading session in my past life:

Two Singapore shoes salesmen went to Borneo during the 1900s. 

One came back dejected... "How to sell like that? They don't even wear shoes!"

The other excitedly wired back to his Singapore head office, "Quick! Send 2 shipments of shoes over! The lobang here fantastic! No one is wearing shoes over here!!!"

When a company or business decides to "target" women exclusively, well, ladies, what do you think?"

Which is more likely?

Someone woke up and decided they just have to mother and take care of sheep? So cute! So fluffy!

Or they discovered excitedly they can actually milk and fleece sheep!? I mean with rams we can only fleece...

If you love to read and subscribe to Women's magazine, you may want to pause and reflect whether you are the customer of these magazines?

Perhaps you are part of the food menu these Women's magazines are offering to their REAL customers?

Why do you think they love to plant ideas into you that you're never too thin, or pretty enough?

And the clothes you bought last season are already so dated...

20 ways to please your man? 

Have you verified the author is actually a woman? What kind of woman would write such articles???

And if its a really a woman, do you really want to take advice from a Got Money, Got Honey "prostitute"?

Want to learn more about goldfish?

The professor placed a bowl with a goldfish on his lectern.  

"If you would just spend the time to look and study an actual goldfish, you'll probably learn more than just reading (or taking workshops and seminars) about goldfishes!"

If you want to be financially independent, just look around you.

They could be your mom or grandma, most never studied beyond secondary school. Some illiterate even. 

Or your female siblings, cousins, neighbours, classmates, or colleagues.

Single or married, young and old. 

Come to think of it, does sex matter? Well, you're the one always pushing for "equality"...

What do you think?

Wouldn't it be better to talk and learn from someone who is actually financially independent (not on the way themselves) that you can RELATE to?

Some of you may even discover you can achieve financial independence without riding any financial assets at all! Wink.


Don't let the men know.

Friday, 17 June 2022

Doctors and Lawyers


When we ask kids what they want to do when they grow up, no prizes to guess the top 2 professions. Wink.

Its no surprise at our local Universities, the Medical and Law faculties are the hardest to get into... 

If you don't have straight As... 

Wait! How do you reconcile this with the recent deemphasizing of grades by big daddy? Eh...

And if you look at parliament, how many of them are lawyers and doctors? 

Power or what?

You know what's interesting?

If we say doctors represent the left-brained and Science stream, then lawyers would be the flagbearers for the right-brained and the Arts stream.

Those weak in math would not get into the Science stream. And without Science, you can't enter the Medical faculty.

Students more comfortable with words (euphemism for bad at math) will choose the Humanities or Arts stream. Try telling your parents you want to do Literature or History... But once you mention Law... All of sudden everyone fully supports your "wise" decision to choose the Arts stream! LOL!

You know the irony?

Doctors (metaphor) who are good in math don't take the time to verify the numbers. If they had, they would have spotted the numbers don't add up!?

Instead, they pay more attention to the shilling and spin of snake oils. These snake oils are skilled in using words to obfuscate and bewilder their flock...

Of course these marketing and PR propaganda do not work on lawyers (metaphor) who can read between the lines and tell the nuances between similar words. For eg, snake oils don't say high risk; they say high volatility. You don't say junk bonds; you say high yield bonds!

Guess what? 

Lawyers instead prefer to be swayed and bamboozled by numbers and statistics plucked out of thin air by snake oils!

Some of you can spot the humour of this post.

And if you can laugh at yourself, you'll probably survive the next few bull/bear cycles. 

In gambling speak, if you can't spot the patsy at the poker table, you're it!

Or if you're a yield hog and you can't figure out how the asset you're riding is able to sustain the yield??? 

You're the YIELD!!!


Wednesday, 15 June 2022

One Gone; One Bank Run


Recent events remind me of the bankruptcies of Icelandic banks during the Lehman financial crisis of 2008.

And the 2012-2013 Cypriot banking crisis where the bank depositors (savers) have to "bail-in" their failing banks!?

For crying out loud! 

These savers must be kicking themselves since they are not even investors or speculators... (But they got to admit, they are yield hogs!)

I mean if the maximum upside is at best 10% or 20%, and the downside can be -100%, like that they might as well join the speculators and jump onto those risk assets that can 100X and shoot to the moon!!!

They got the risk/reward ratios all backwards!?


Smart is telling others to hold on for dear life, buy the freaking dip, or diamond hands all the way...

While you secretly run to your bank and withdraw as much money out as possible.

Vehicles different; human behaviour, same same


Thursday, 9 June 2022

Stock Index Versus Individual Stocks


We are often told stocks always go up.

And this is TRUE!

Of course there are 2 tricks to it.

1.  You need to use a long time frame. 100 years is best! (If you were wrong, its your clients' grandchildren who will be threatening to sue, but by that time, you will be long gone...) 

2.  Always use a stock index.

Of course readers who are i9 multi-core will have guessed what I'll be writing next and don't even have to bother reading further...

For readers who are single core Pentium like me, let me explain by applying History to investing.

You do know that empires come and go. Even empires so mighty and great that no one can believe will decline and fall one day...

Remember Rome? How about the Tang dynasty? Or more recent the British Empire?

If empires and countries do rise and fall, how are you so confident that the individual stocks that you own will always go up in the LONG term?

Remember Kodak and Polaroid? Or Motorola and Nokia?

There's not much money to be made by telling clients to buy an index fund or ETF. 

Hence snake oils show long term charts of stock indexes, but charge you fees and commissions to recommend what INDIVIDUAL stocks you should buy (and never sell).

See how you got "manipulated"?

This is a common Jedi mind trick used on unsuspecting bei kambings...

Now its so much easier to spin Buy-and-Hold; think Long Term; when its Lower, just buy More!

These are comforting words when staring at your portfolio in the red...


Monday, 6 June 2022

Nope. You Can't Get "Rich" With Save More


First, don't go triggered on me.

I haven't even said anything yet!

But if you're fuming and churning inside oredi, you should buy me coffee - you now know how well you handle objections and views that differ from yours - for FREE!

Especially if you're in a leadership (shepherd) position in your day job and wondering why no one is willing to give you feedback at work???

Are we good?

OK, let's go!

I found this interesting video that I would like to share. What do you know? I'm not the only fool who likes to argue with the STOP sign!

If you still interested to explore more, you may also want to read some of the comments under the video. Its like ink blots, we see what we want to see; but the quality is much better than the usual "yalor, yalor" commenters.

You know why 1M65 is popular to some but no feeling to others?

That's because some see hope; $500K at 65 is really achievable. 

For stay-at-home dads and housewives that can't manage this, how? Look at your partner. He/she is supposed to top up your CPF account to $500K under the 1M65 plan!

Yet to others who prefer to get "rich", $500K at 65 is not exactly what they had in mind when they diligently listened to others exhorting them to Study Hard; Work Hard all their lives... And after working 40 years some more!!!

The Chief Pipe Piper of 1M65, to cater to the more discerning Earn More audience, has come out with 4M65. 

Which is a not spoken way of saying 1M65 is the "minimum PC requirement". If you want to have a more pleasant gaming experience, the "recommended PC requirement" is 4M65. Wink.

Its the property way of saying, "Can't afford? Stick with HDB. Can afford? Go private!"

That's precision in numbers or dollars for left-brained people. Always asking and comparing with others - "How much is rich?"

Well, even if you have a $100 million, you would still feel "poor" standing next to billionaires.

With "only" $500K Sing dollars, most Singaporeans would not consider that "rich", but take that amount and retire to Vietnam, Cambodia, Thailand, or even Malaysia ... We can still do a bit of wine, woman, and song on the side!!!

Yup. as we trod along on our financial journey, some of us may become more spiritual... More philosophical...

Some may even realise we have been leaning our ladders against the wrong wall!?

Its not financial success, FIRE, or money that we seek... 

Its actually something else. (That FIRE goal is just kicking the can down the road until we figure out what we want to do with our lives.)

This we have to figure out for ourselves,

For example, one may realise its Happiness that you were seeking all along!!!

So you take your ladder away from the Financial Freedom wall and place it against the Happiness wall. Wink.

Do you still want to feel "sorry" (or act superior) to that stay-home-dad who can't manage $500K in his CPF at 65?

Someone who spends time with his 3 kids to bring them up with the right Family Values (not outsourcing to schools), and at the same time, is enabling his wife to power up to her full potential at her corporate day job.

You seriously think he'll have a hard time in his retirement?


Friday, 3 June 2022

Nominal and Real Negative Interest Rates for Market Timing


For years now, those of us who have funds parked in plain vanilla bank savings accounts have been getting negative real interest rates - CPI higher than what the bank is giving us.

You think why there's so much interest in REITs, cryptos staking, and for the more risk averse ones - voluntary contributions to CPF?

However, it all fell apart this year 2022.

I mean making more than CPI is why we embarked on the Earn More path; having your funds suffering a -50% unrealised loss, or completely wiped out is not part of the plan to beat inflation!

Voluntarily contributing to CPF looks a bit awkward now that our Singapore's CPI is more than the CPF OA 2.5% interest rates... 

In case you didn't know, the Singapore Savings Bond now pays more than CPF OA!

Or course we can still transfer funds from our CPF OA to CPF SA, we just have to treat big daddy's 2022 annual CPI projection of between 4.5-5.5% as "transitory".... 

Repeat after me, "CPF cannot give negative real interest rates...CPF cannot give negative real interest rates...CPF cannot give negative real interest rates..."

Hang on a minute!

Suffering a guaranteed loss in purchasing power of 1-2% is way much better than -50% loss or losing everything!

You're 100% right!

Bet you thought this is a Save More dissing post! Au contraire!

That's why many Western Europe institutions and high net worth individuals have been parking funds at negative nominal yielding interest rates for some years now. Especially in Germany.

This is NOT supposed to happen; if we remember what we've learnt in economics.

Now you know why they have been doing so in 2022.

They are market timers.

Those who are suffering unrealised losses of -50% and more, don't you wish you had done nothing at all and shoved all your money under your mattress all these years?

Just like there's a difference between dividend investors and yield hogs, there are Tarzans (泰山) out there who may appear to be "Save More" with their risk adverse actions, they are in fact closet market timing "Earn More" speculators!

They are the true contrarians.

In bull markets, they slowly sell into the rally to raise cash. 

Then they WAIT to wash, rinse, and repeat.

As I've alluded to in my previous post Early Adopters and Laggards, it pays to monitor the other market participants out there. Wink.

Know yourself; know your opponents. (Our 5,000 years of Chinese wisdom power or what!?)

Friday, 27 May 2022

Early Adopters and Laggards


Those of you whole have studied Marketing should know this Diffusion of Innovation Theory chart below:

We too can use this theory when it comes to investing, trading, and speculations - any poisons and vehicles also can!

Next time you buy a stock, ETF, bond, or even contemplating joining the 1M65 crowd, ask yourself, where do you think you fit on the chart above?

Are you the early adopters? (Yeah, you're the influencer or opinion leader)

Part of the early or late majority? (The parrots; the copy cats; you jump, I jump)

Or are you the laggards? (Don't believe, don't believe...Then FOMO!)

Eh... Why did I leave out innovators?

Let's get real lah. If we are innovators, we'll won't be here at this watering hole! Tio bo?

If we wear the white hat, we would be so busy as entrepreneurs at our startups...

If we wear the black hat, where got time to read blogs when we constantly need to come up with "new bottle; old wine" scams to con bei kambings?

I'm not going to write too much on theory. You know, a summary of a summary of a summary... 

Those of you interested in the Diffusion Theory in greater depth would do better to go direct to the source instead! 

People study this in universities OK?

Some of you are probably using the Diffusion Theory already in your investing right now. If you feel like sharing, come share!

Some may be seeing this Diffusion Theory Chart for the first time... (You may want to reflect on it if you invests or trades a vehicle that's completely new to you, but others know it inside out...)

I'll start first!

You know why I blog and read investing/trading blogs and forums?

It's to spot early adopters and laggards.

I use them as my "qualitative" indicators. Wink.

Your turn!


Tuesday, 24 May 2022

I'm Happy like the Owners on the 48th floor of that $1.4 million HDB 5 room flat!


By now you should be aware of the 5 room HDB flat that was sold for a record $1.4 million.

HDB flats now can go all the way up to 48th floors! Power or what!?

Of course I'm not surprised. 

Have you forgotten 2021 was a good year for property sellers? Landed, condo, HDB resale, all prices went up!

You think why big daddy came out with the property cooling measures?

When you've made money (earn more), whether its downgrading or upgrading to this 5 room HDB flat, you don't really need to "eat water-melons all the way to the green bits"...

If want to have global recession, please have it within these 1 or 2 years... Then I got 8 years of runway for the recovery play off the lows.


Because I need to make a decision on my 65th birthday 10 years from now regarding my current HDB 3 room flat. I intend to squeeze blood from the HDB subsidy cherry by having my 3rd bite. Wink.

And the last thing I want is for year 2032 to be like 2003... If can, I would rather 2032 be like 2021! 

I can only wish! 



Sunday, 22 May 2022

Its OK to Sleep Late - you are more Creative, Smarter, and Beautiful!


Not I say one!

Love to sleep in? Science says its because you're creative

Creative people sleep more, later, and less well

Good news from science: night owls are smarter and more creative


Early risers, hope you've a sense of humour and can take a poke. You belong to the horde, school, flock, and pride. So don't go "triggered" on me!

Just like there are left-brained people, there are also right brained people.

Sometimes in our "enthusiasm", we often make the mistake of assuming there's only one way to Rome - what works for me must automatically work for others!

Long, long time ago, during my early days of story telling, I wrote this Grasshopper and Ant story that set the tone for this watering hole - its OK to be different.

If you're a penguin, stop listening to people telling for you to succeed, you need to soar up high in the skies...

Fish friend, yes you! Why do you set goals and plans to climb trees? I know that's what monkeys do, but have you looked into the mirror lately?

Little swan, don't feel awkward and self-conscious just because you look different from your duck friends. Embrace yourself. You're beautiful in your own way.

Oh! I've left out beautiful, haven't I?

This one no need "experts" to tell us. 

I can tell all the beautiful ladies out there are smiling...

And guys lucky enough to wake up to the company of pretty women, you know I know right?

They sleep like pigs in the mornings, but boy! They sure are scintillating in the night!

Wednesday, 18 May 2022

How Many Years To Become A Millionaire?


OK, a billion is too out of our reach...

Let's take a million Sing dollars then. 

How many years do you intend to achieve it?

Some don't mind 30 years slow and steady grind (tortoises?) - the CPF 1M65 voluntary savers?

Then there are the super aggressive achievers like those crypto youths (hares?) who became millionaires in less than 5 years (I'm sure there are some who took profits like those old fogeys who took profits before the 2000 Nasdaq crash or recent Tech rout).

That would leave the rest of us who are into equities or properties falling somewhere between 5 to 30 years to achieve our first million?

To some youths, a million can be too abstract... No worries! Don't feel left out.

I noticed a number of youths are playing this how I saved my first $100K (before 30?) flexing game...

Just remove the saved to include earned and saved. Wink.

Just the other morning, I was having breakfast at McDonald's when I overheard 4 civil defence NSF flexing their investments in Tesla!?

I'm impressed!


In case some of you are tempted to become too money minded, do remember money is just an enabler -  a tool.

We should be the master who wields this tool; not the other way round where money owns us and we the slave...

Friday, 13 May 2022

100X versus 99%


Percentages can lie, don't they?

Its a lot easier to manipulate others and own self lie to own self - when we count in percentages.

For those not into cryptos, you can google "Luna crash" to discover for yourself why cryptos in general have crashed more than equities this week.

No, this post is not about cryptos. Just using them as an example.

Have you ever heard the "spin" that its better to long stocks than short stocks?

I mean if we long stocks, there's no cap or limit on how many times our position can double - 2X, 10X, 50X, 100X!!!

But if we initiate a short on stocks, the theoretical max we can make is 100%.


(For newbies unfamiliar with shorting out there, we cannot short and hold forever OK? If a stock get suspended or unlisted, how do we collect our winnings?

An added bonus when you do shorting is you'll learn and appreciate the discipline to take profit as in covering your short position before a stock gets suspended!

Its like driving with a metal spike on the steering wheel instead of airbags!

This "market timing" discipline would definitely benefit your long positions too.)


Let's take any asset, be it cryptos, stocks, bonds, etc.

If we buy at $1, and that position moonshot to $100, how much have you make in real dollars if we take profit?

On the flip side, if we short at $100, and the position cratered to $1, how much have made again in real dollars when we cover our short?

100X versus 99% gains. Which is easier to spin to unsuspecting "bei kambings"?  (Hope someone can spot the mind manipulation I'm doing right now)

Its the same with stocks indexes.

Would you be better off  if your chosen "passive" index has only declined by -9% recently from all time highs, while you gloat at others who have invested at another index that have declined by -28% from its all time highs?

What if you had bought the STI in 2018 at 3500 while others bought Nasdaq in 2018 at 8000?


Of course I can also make STI look good, better, best than Nasdaq just by datamining to find a start date that suits my "thesis"!


Moral of story?

Trust but Verify.

And never believe any statistics that you've not personally manipulated yourself!


Friday, 6 May 2022

All Time Highs; All Time Lows


It doesn't matter right?

I mean if you are not going to take any action whatsoever.

Veterans will get this "poke". 

If you still new on your journey, don't worry. 

You'll learn soon enough!

Friday, 29 April 2022

Take Risks


Monday, 25 April 2022

Are You A Yield Hog?


No need to reinvent the wheel.

Read the article below and take the 4 test questions and you'll know:

Are you a Yield Hog?


Let me refresh you with some financial history, if you still in denial...

1) Remember the Lehman minibond saga of 2008? Why did those "savers" jump onto the path of Earn More instead of sticking with their Save More fixed deposit accounts? Was that extra few % really worth it?

2) How about Peer-to-Peer lending a few years back? Did you bite? I mean lending your money out at 18% interest is surely better than voluntarily contributing to CPF at 4%! Why today so less hype?

3) Did you invest in "High Yield" corporate bonds over their rated cousins? Why? It was all fun and games until you realised they were called Junk bonds in the past for a reason!

4) Where did all the Shipping Trusts go? I mean when they were launched, their yields were on average 3-4% more than their REITs counterparts. There must be a reason so! 

5) Did you choose the "lowest" wholesale electricity plan last year? It never occurred to you they must be a reason big daddy very low key - never promoting it to the general public? Maybe wholesale plan is more suitable for corporations who know how to hedge their electricity exposure? Just like how SIA hedges their fuel costs?

Dividend investors are not the same as yield hogs. 

I'll leave it to you to figure out the difference yourself.

I too was once a yield hog... Until "crash got sound" straightened me out.


Yup, I no better than you.


Thursday, 14 April 2022

Keppel Club HDB BTO - Joy for Majority; Dismay for the Few


Let me first share with you one interesting story about my time in Shanghai.

There's this purchaser that was newly promoted to Business Development Manager. In her first year, she gave the senior purchaser in her team quite a big salary raise.

After the pay increase, the salary gap between this Business Development Manager and her purchaser has become quite negligible...

Guess what?

This Business Development Manager rightfully turned around and asked HR how come a Business Development Manager pay is no different from that of a purchaser?

Smart girl!

Not only did she "bought" the loyalty of the senior purchaser in her team, now this Business Development Manager has a strong hand when it came to her own salary negotiations!

I knew of this story because HR was poking me - this Business Development Manager was one one of my mentees in my Leadership course - what the hell have I been coaching them!


So with this story in mind, I am pleasantly surprised big daddy is allocating a huge chunk of the land at the Keppel Club for HDB BTOs!?

Of course I am pleased! 

Great! They are creating another Pinnacle. 

I thought it would be just some small "token" project to "wayang" we are inclusive and all...

HDB residents of Telok Blangah, and especially those who bought the BTOs there recently, no need to pray liao... Its confirmed!

For context, newer readers may want to read this previous post:

HDB Prime Location Public Housing Good For Pinnacle Flat Owners!

Of course happiness and joy for some can be dismay for others...

Especially if you can't stand HDB heartlanders, and deliberately avoided those condos that are smack right between HDB flats in suburbia...

Well, that's the price for not choosing areas like Claymore Hill, Cairnhill, or River Valley Road... These are tried and tested condo enclaves; all private.

Can't blame you.

Who would have thought such a prime waterfront location would be given to HDB heartlanders?

Even rental units!!!???



Thursday, 7 April 2022

Faith Based Investing


All of us started out with Faith Based Investing.

Yes, you heard me right.

It could be a book, something a friend told us, or maybe from those so called "Free" seminars or workshops... 

I mean no personal track record, no "crash got sound" hindsight, we just jumped into investing like any another "bei kambings"...

Armed with only what others have said (or sold to us)... 

If this isn't "faith", what is?

Of course. with the passage of time, we knew better.

Some remain devout apostles - never bother to explore other "faiths" - and fervently swear by their chosen path, even if its just a stroke of "co-incidence" that's the first and only path they happen to come across...

Some hop from one "religion" to another. Always seeking to find the holy grail...

Some become disillusioned. Move from agnostic to atheist (conversion to Save More path). 

Some found the right shoes to fit their feet after walking long distances themselves.

Some carnivorous ones had their own epiphanies! Its so much better to start their own "Prosperity Cults" to fleece and milk their own flock! 

Investing is hard.

Teaching investing to others is easy!

What say you old fogeys (and youths who have become veterans)?

Are you still with the same "faith" as when you first started out?



Thursday, 31 March 2022

The Majority Are Still Wearing Masks Outdoors!?


I've been wearing my mask under my chin outdoors ever since the new Wuhan virus rules took effect this Tuesday. 

Its easier this way. Whenever I pop into a supermarket, hawker centre, or taking public transport, I just pull my mask up.

I've lost count how many times I've walked into the Toto booth or supermarket near my place, completely forgetting to put on my masks during the past 2 years!!! 

So embarrassing! 

Yup. After 2 years of "social conditioning", putting my mask on whenever I step out of the house still does not come naturally to me. And thank goodness for that!

Over the past 2 days, I'm pleasantly surprised that the majority of people still prefer to put on masks even when there are outdoors!?

You know what?

That in essence perfectly illustrates how we old fogeys veterans operate in the markets. And why we often underperform youths during a bull market.

Veterans who survived a harrowing -50% bear market often have the tendency to prepare for the next one.

The joke is we have predicted 13 of the past 4 recessions... Lol!

Hence you'll notice most veterans who survived at least 1 bull/bear cycle hardly get flustered whenever we have a sudden pull back in the markets.

Especially those who are strolling down the mountain. 

However, there are some extreme ones who still prefer to put on masks outdoors even when we don't have to...

And that's where I'm different from them. What would I do if I have no reason to get up in the mornings?

I prefer to join Warren Buffett, Charlie Munger, Stanley Druckenmiller, Jim Rogers, etc.

No, I'm not under any illusion I can copy their performances.

Ever wonder with their wealth and at their advanced age, why don't they just park their money into US TIPS (inflation protected bonds) and call it a day?

Evidently, investing/trading has never been a "job" for them. 

I suspect some hate investing/trading like their day jobs. So the first opportunity they can, they would FIRE and switch to the SAVE MORE path... The more PASSIVE, the better!

I don't know.

I'm just glad I can walk around these 2 days with my mask under my chin. Its so nice to be able to breathe freely again outdoors!!!

Tuesday, 29 March 2022

Diversification is for...


As with everything we read or learn from others, we need to understand the "essence" instead of just blindly parroting what others say...

Of course I diversify across different asset classes. 

Then again, for my equities investment portfolio, I don't own more than 10 stocks.  

To some, its too "diversified"...

To others, it may be too "concentrated"...

Compared to those retail "investors" who have most of their net worth concentrated into equities, but they are spread across 50 stocks or more. 

Who is more diversified?

Its quite easy to determine.

Did you panic or have sleepless nights beginning of March when Russia invaded Ukraine?

We all have different competences and pain thresholds.

Crash got sound.

Don't let the recent bounce go to waste if you realised you have taken on too much concentrated risks... Wink.


Thursday, 24 March 2022

Finally No Masks Outdoors!


It's a start!

OK, masks are still needed indoors. That meant weekends I still have to put my mask on.

I can live with that!

As a snake oil, I'm used to putting my "in your best interest" mask on when facing customers anyways,

I just hope fellow Singaporeans will have the cow sense to their masks on while travelling in MRT or buses. 

But then, who am I kidding!? Just look how many still talk amongst themselves and on the phones while taking public transport...

For private car hires and taxis, I'm sure the driver will ask their customers to put their masks on during the ride. So no worries here. 

Although I'm not working in the travel related sector, feel a sense of relief for my service related brethren. 

Not gonna lie. 

There's a bit of guilt seeing how retail and F&B have more or less "recovered", yet through no fault of anyone, those who happened to worked in the tourism sector are still "suffering"... 

Hang in there! There's light at the end of the tunnel!

By the way, I still doing my weekly ART test every Saturday before I start work during the weekends. 

The ART kits were provided free of charge by the retailer I'm stationed in. 

Smart business move. You don't want one infected promoter/staff to infect the rest of the hired guns! We are already shorted handed as it is... Cost savings remember? That's why I'm not a fan of save more or austerity...

Of course on the outside, the PR spin its to "protect" our customers. Sure, if you say so...



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