Knowledge is POTENTIAL power. Knowledge is only power when APPLIED.
Example: You know that exercising is good for your health yet you do not exercise.
Money comes and accumulates in quantity to any person who save at least 25% of his/her earnings (Your very First step to Financial Freedom).
There are only 3 Cashflow Scenarios:
1) You spend more than you earn: This person has negative cashflow, spending future money and likely to end up owing money (Example: Banks, Credit cards, Loan sharks, family, relatives & friends).
2) You spend all that you earn: Whether this person is earning SGD$500 a month or SGD$50,000 a month, he/she is still "Just broke".
3) You spend less than you earn (Example: Saving 25% or more of your earnings). As time goes by, this person will automatically get richer and richer. “Every dollar you earn, do not spend more than 30cents” .
So which cashflow scenario do you want to choose for yourself?
If you become the “wise master” of money, you can make money work for you. (Note: YOU are the Master, money is YOUR slave.)
Friday, August 31, 2007
Thursday, August 30, 2007
What is Married Deal ?
A deal between two parties with a price agreeable by both parties, and is usually independent of the price offer/bid.
Wednesday, August 29, 2007
Growing Your Wealth
If you have 10 beans, you cook all the beans and eat. In the end, you left with nothing.
If you cook 5 beans and let the remaining 5 to grow, in the end you will have more and more beans to eat. You will enjoy watching it grow, knowing that you have future beans to spare for a rainy day.
If you cook 5 beans and let the remaining 5 to grow, in the end you will have more and more beans to eat. You will enjoy watching it grow, knowing that you have future beans to spare for a rainy day.
Tuesday, August 28, 2007
The Art of Borrowing
As life closes in on someone who has borrowed far too much money on the strength of far too little income, there are no fire escapes.
-John Kenneth Galbraith (Quote)
Face the fact!
Money-Lenders are most willing to loan you more than is good for you and your family. Mortgage banks and credit-card issuers do not care if your monthly installment makes it impossible for you to clear away your debt in your life-time. You need to set your own rules, including:
NO Credit-card debt. It is never okay to borrow for personal enjoyment and entertainment.
Borrow only to purchase assets that appreciates in value. House? yes! Education? sure! Holidays, luxurious meals or even a 40-inch plasma HDTV? No way!
-John Kenneth Galbraith (Quote)
Face the fact!
Money-Lenders are most willing to loan you more than is good for you and your family. Mortgage banks and credit-card issuers do not care if your monthly installment makes it impossible for you to clear away your debt in your life-time. You need to set your own rules, including:
NO Credit-card debt. It is never okay to borrow for personal enjoyment and entertainment.
Borrow only to purchase assets that appreciates in value. House? yes! Education? sure! Holidays, luxurious meals or even a 40-inch plasma HDTV? No way!
Monday, August 27, 2007
Warren Buffet
Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:
1. He bought his first share at age 11 and he now regrets that he started too late!
2. He bought a small farm at age 14 with savings from delivering newspapers.
3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
4. He drives his own car everywhere and does not have a driver or security people around him.
5. He never travels by private jet, although he owns the world's largest private jet company.
6. His company, Berkshire Hathaway, owns 63 companies.
He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.
He has given his CEO's only two rules.
Rule number 1: do not lose any money.
Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.
8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
His advice to young people: "Stay away from credit cards and invest in yourself and Remember:
A. Money doesn't create man; it is the man who created money.
B. Live your life as simple as you are.
C. Don't do what others say, just listen to them, but do what you feel good.
D. Don't go for brand name; just wear those things in which u feel comfortable.
E. Don't waste your money on unnecessary things; just spend on those who really are in need.
F. After all it's your life so why give chance to others to rule your life
1. He bought his first share at age 11 and he now regrets that he started too late!
2. He bought a small farm at age 14 with savings from delivering newspapers.
3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
4. He drives his own car everywhere and does not have a driver or security people around him.
5. He never travels by private jet, although he owns the world's largest private jet company.
6. His company, Berkshire Hathaway, owns 63 companies.
He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.
He has given his CEO's only two rules.
Rule number 1: do not lose any money.
Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.
8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
His advice to young people: "Stay away from credit cards and invest in yourself and Remember:
A. Money doesn't create man; it is the man who created money.
B. Live your life as simple as you are.
C. Don't do what others say, just listen to them, but do what you feel good.
D. Don't go for brand name; just wear those things in which u feel comfortable.
E. Don't waste your money on unnecessary things; just spend on those who really are in need.
F. After all it's your life so why give chance to others to rule your life
Sunday, August 26, 2007
Quote of the Day
A person must be able to swallow both good and bad news. If can't, then it would be better to put the money into a fix deposit or unit trust.
Saturday, August 25, 2007
How likely are you going to be insolvent?
Just five simple questions and you total up the stars:-
1. My OD/Moneyline with Bank/Credit Card Balance
* Zero Balance (Not owing money)
** Balance < My monthly Pay
**** Balance > My monthly Pay
***** Fully Ulitised
2. My Equity Investment Strategy
* Paid up all in cash
*** Use some margin account
**** Contra Trading + Some margins
***** Nearly/Fully Ulitised margin account
***** CFD, Futures
3. Property
* All paid up/NIL
** One, monthly instalment about <35% of income
*** One, monthly installment above 35% of income
**** More than one, less than 50% of total loan outstanding
**** Use Mortgage OD Facility
***** More than one, more than 50% of total loan outstanding
4. Other Loans (You may select more than one)
* Car loan >50% paid up
** Car loan <50% paid up
** Education Loan
*** Furniture/Shopping Instalments
**** Renovation Loan
5. My monthly cashflow
* Net savings >20% of my monthly pay
** Breakeven
*** Volatile (Positive & Negative) Eg. Commission Based
**** Jobless
***** Negative
<8 Stars: When the market collapse, you are always ready to bargain hunt.
9-14 Stars: Perhaps most people should fall into this category.
15-18 Stars: It takes minimal effort to lower your financial risks to a manageable level.
19-23 Stars: Risky, You have minimum shelter from any financial turmoils. Try to adjust some risky factors.
>24 Stars: Very risky, please strongly consider to do something about it.
1. My OD/Moneyline with Bank/Credit Card Balance
* Zero Balance (Not owing money)
** Balance < My monthly Pay
**** Balance > My monthly Pay
***** Fully Ulitised
2. My Equity Investment Strategy
* Paid up all in cash
*** Use some margin account
**** Contra Trading + Some margins
***** Nearly/Fully Ulitised margin account
***** CFD, Futures
3. Property
* All paid up/NIL
** One, monthly instalment about <35% of income
*** One, monthly installment above 35% of income
**** More than one, less than 50% of total loan outstanding
**** Use Mortgage OD Facility
***** More than one, more than 50% of total loan outstanding
4. Other Loans (You may select more than one)
* Car loan >50% paid up
** Car loan <50% paid up
** Education Loan
*** Furniture/Shopping Instalments
**** Renovation Loan
5. My monthly cashflow
* Net savings >20% of my monthly pay
** Breakeven
*** Volatile (Positive & Negative) Eg. Commission Based
**** Jobless
***** Negative
<8 Stars: When the market collapse, you are always ready to bargain hunt.
9-14 Stars: Perhaps most people should fall into this category.
15-18 Stars: It takes minimal effort to lower your financial risks to a manageable level.
19-23 Stars: Risky, You have minimum shelter from any financial turmoils. Try to adjust some risky factors.
>24 Stars: Very risky, please strongly consider to do something about it.
Friday, August 24, 2007
Thursday, August 23, 2007
Reasons why I picked Construction sector
The 2 oncoming IR projects, Marina Barrage, F1 race track, Business Finanical Centre, Water Sports Hub, Orchard Turn projects, Downtown/Circle line extensions, Jurong Island projects... and this is not even counting the lists of enbloc projects! Latest inclusion is the HIP programme that focus on Punggol 21 housing development!
Construction projects just can't stop coming in...
Construction projects just can't stop coming in...
Wednesday, August 22, 2007
Latest News on Construction sector!
Full-steam ahead at Resorts World at Sentosa
What do you do when you are hired to build a world famous resort in a break-neck construction timetable of three years? P@SSPORT catches up with RWS' man-in-the-action, Michael Chin.
Just last month, one week after site workers celebrated the finish of their latest project with a barbeque, Resorts World at Sentosa (RWS) moved into its spanking new office on the island. Consisting of two wings, the 6,000 sqm building sports a façade with contrasting pastel hues and bubble windows, a signature whimsical stroke of American architectural icon Michael Graves.
The five-storey block also houses a landscape courtyard, a gym and an employee lounge. The building took four months to rise from flat ground, making it one of the fastest construction events ever to take place in Singapore.
Such is the speed of works at RWS: Seven months after winning the award to build one of Singapore's two Integrated Resorts, it has handed out over S$430 million in construction contracts. Works contracted range from road diversion works, land reclamation and a substructure basement that holds 4,000 parking lots.
"The next batch of contracts for the building above ground will go out in the last three months of the year", said Mr Chin, RWS SENIOR DIRECTOR for projects. By early next year, super structure works should be in full swing.
On the 49 ha site, workers of three different contractors now work side-by-side. "The progress has been favourable," said Mr Chin. "We are keeping to schedule and we should see the first concrete casting before end-July."
Partners ranging from DP Architects to engineers and site-workers have been cranking up the tempo to march in step, leaving "unforeseen" events as the only potential stumbling blocks. "The crunch on workers, building materials and the ambitious schedule are niggling worries but not insurmountable", he said.
There is no secret to getting the job done, he added. "Hard work, a hands-on approach and lots of motivating. We have to keep the team pushing in the right direction and to stay focused on delivery.
"Our workers will work on three shifts, round-the-clock, seven days a week. We are eager to get the Resort up and running in early 2010."
Construction will ramp up in the coming months. By mid 2008, visitors to Sentosa will see the progressive rise of the new destination. Up to 8,000 workers could be on-site at any one time during the peak period, which will be near the close of 2008.
Play in the green
The building of RWS has taken a green tack. Home to two heritage trees, the Resort has committed to keeping the level of natural lush greenscape at 70 per cent of its site.
Driven by conservation, RWS began moving 200 trees to a temporary nursery in June. More than 100 trees had already been moved and 700 more will be left untouched. The undertaking is the biggest tree conservation exercise by a commercial developer in Singapore. When the Resort is completed, these trees will return to provide visitors with shade, and add to the Resort's tropical ambience.
Of the trees that could not be saved, 300 are being recycled for timber. They will return to the Resort as furniture, souvenirs and construction structures. This makes RWS the first developer in Singapore to reuse its worksite's natural resources.
"Taking on the green mantle is like steering a bullet train and trying to grow shrubs along the way. Conservation has to be a decision taken early, in the planning stages, not after the concrete has set," Mr Chin said.
The team has drawn and re-drawn plans to preserve a 2.9 ha forest that has an owl roosting on its site, but RWS does not want to claim it is a green champion. "We will conserve when we can. We have to balance our priorities, but we will always make that effort," Mr Chin said.
Going forward
The RWS family has expanded rapidly in the past few months. The resort will hire 10,000 workers when it opens. It has filled 100 positions, divided between its projects and corporate sections. The current team is one with a "can do" bent, said Mr Chin. "We're all geared up to deliver a Resorts World at Sentosa that we can all be proud of."
http://www.stbpassport.com/centrepiece_aug_s1.aspx
What do you do when you are hired to build a world famous resort in a break-neck construction timetable of three years? P@SSPORT catches up with RWS' man-in-the-action, Michael Chin.
Just last month, one week after site workers celebrated the finish of their latest project with a barbeque, Resorts World at Sentosa (RWS) moved into its spanking new office on the island. Consisting of two wings, the 6,000 sqm building sports a façade with contrasting pastel hues and bubble windows, a signature whimsical stroke of American architectural icon Michael Graves.
The five-storey block also houses a landscape courtyard, a gym and an employee lounge. The building took four months to rise from flat ground, making it one of the fastest construction events ever to take place in Singapore.
Such is the speed of works at RWS: Seven months after winning the award to build one of Singapore's two Integrated Resorts, it has handed out over S$430 million in construction contracts. Works contracted range from road diversion works, land reclamation and a substructure basement that holds 4,000 parking lots.
"The next batch of contracts for the building above ground will go out in the last three months of the year", said Mr Chin, RWS SENIOR DIRECTOR for projects. By early next year, super structure works should be in full swing.
On the 49 ha site, workers of three different contractors now work side-by-side. "The progress has been favourable," said Mr Chin. "We are keeping to schedule and we should see the first concrete casting before end-July."
Partners ranging from DP Architects to engineers and site-workers have been cranking up the tempo to march in step, leaving "unforeseen" events as the only potential stumbling blocks. "The crunch on workers, building materials and the ambitious schedule are niggling worries but not insurmountable", he said.
There is no secret to getting the job done, he added. "Hard work, a hands-on approach and lots of motivating. We have to keep the team pushing in the right direction and to stay focused on delivery.
"Our workers will work on three shifts, round-the-clock, seven days a week. We are eager to get the Resort up and running in early 2010."
Construction will ramp up in the coming months. By mid 2008, visitors to Sentosa will see the progressive rise of the new destination. Up to 8,000 workers could be on-site at any one time during the peak period, which will be near the close of 2008.
Play in the green
The building of RWS has taken a green tack. Home to two heritage trees, the Resort has committed to keeping the level of natural lush greenscape at 70 per cent of its site.
Driven by conservation, RWS began moving 200 trees to a temporary nursery in June. More than 100 trees had already been moved and 700 more will be left untouched. The undertaking is the biggest tree conservation exercise by a commercial developer in Singapore. When the Resort is completed, these trees will return to provide visitors with shade, and add to the Resort's tropical ambience.
Of the trees that could not be saved, 300 are being recycled for timber. They will return to the Resort as furniture, souvenirs and construction structures. This makes RWS the first developer in Singapore to reuse its worksite's natural resources.
"Taking on the green mantle is like steering a bullet train and trying to grow shrubs along the way. Conservation has to be a decision taken early, in the planning stages, not after the concrete has set," Mr Chin said.
The team has drawn and re-drawn plans to preserve a 2.9 ha forest that has an owl roosting on its site, but RWS does not want to claim it is a green champion. "We will conserve when we can. We have to balance our priorities, but we will always make that effort," Mr Chin said.
Going forward
The RWS family has expanded rapidly in the past few months. The resort will hire 10,000 workers when it opens. It has filled 100 positions, divided between its projects and corporate sections. The current team is one with a "can do" bent, said Mr Chin. "We're all geared up to deliver a Resorts World at Sentosa that we can all be proud of."
http://www.stbpassport.com/centrepiece_aug_s1.aspx
Tuesday, August 21, 2007
Mid- April to Early- July Portfolio
Trading Records from 10th April 07 to 3rd July 07
BBR bought 0.155, sold 0.16, +3.225%
CDW bought 0.16, sold 0.16, +/-0.0%
CSC bought 0.325, sold 0.46, +41.538%
Yongnam bought 0.375, sold 0.505, +34.666%
Monday, August 20, 2007
What is Margin Call?
A margin call may occur when the market value of your shares fall, causing the margin ratio to fall below 140%. If the margin ratio falls below 140% but is above or equal to 130%, you have 3 market days including the date of notice to restore the margin ratio to 140%. You can do so by depositing cash, shares or by liquidating some of the securities.
If the margin ratio falls below 130%, you would have to restore the margin ratio to 140% on the same day of notice before 3.00 p.m. On the other hand, if the value of your securities increases, your purchasing power will also increase.
If the margin ratio falls below 130%, you would have to restore the margin ratio to 140% on the same day of notice before 3.00 p.m. On the other hand, if the value of your securities increases, your purchasing power will also increase.
Quote of the Day
There are 3 things you need to do when you make a mistake:
1.) Admit it
2.) Learn from it
3.) Don't repeat
1.) Admit it
2.) Learn from it
3.) Don't repeat
What is Fundamental Analysis (FA) ?
FA is about analysing the business of the stock. FA people will seek to derive the company's value by analysing the PE ratio, current ratio, PER and so on.
Thursday, August 16, 2007
What is Technical Analysis ?
A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity.
Technical analysts believe that the historical performance of stocks and markets are indications of future performance.
In a shopping mall, a fundamental analyst would go to each store, study the product that was being sold, and then decide whether to buy it or not. By contrast, a technical analyst would sit on a bench in the mall and watch people go into the stores. Disregarding the intrinsic value of the products in the store, his or her decision would be based on the patterns or activity of people going into each store
Technical analysts believe that the historical performance of stocks and markets are indications of future performance.
In a shopping mall, a fundamental analyst would go to each store, study the product that was being sold, and then decide whether to buy it or not. By contrast, a technical analyst would sit on a bench in the mall and watch people go into the stores. Disregarding the intrinsic value of the products in the store, his or her decision would be based on the patterns or activity of people going into each store
Introduction
Dear Readers,
Welcome to this site! I am a 21 year-old male currently serving my National Service in Singapore. I am new to the world of investment, like many others, I am learning to cultivate and hone my investment skills. Therefore, I decided to setup this site for my personal tracking. I hope that you will enjoy reading my posts.
All the Best and Happy Investing !
Best Regards,
Marcus.
Welcome to this site! I am a 21 year-old male currently serving my National Service in Singapore. I am new to the world of investment, like many others, I am learning to cultivate and hone my investment skills. Therefore, I decided to setup this site for my personal tracking. I hope that you will enjoy reading my posts.
All the Best and Happy Investing !
Best Regards,
Marcus.
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