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)

Duh! 

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!?

LOL!

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)

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:

天时地利人和

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?

Career?

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!!!

Property?

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...

Timing is EVERYTHING.

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!

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.

Shh...

Don't let the men know.