A few days ago, a buddy of mine ask what would should he do if he won the Big Sweep aka Lottery in other countries.
The jackpot price is 2.2 mil and this is how I would use the money.
1. Spend the .2 mil $200k. It can buy pretty much alot of little wants in life.
2. Invest .5 mil into the stock market. ( Equity, unit trust, commodities )
3. Save up 1mil in a time deposit a/c
4. Set up a trust fund with the remaining .5mil for a good course. ( Fund the poor education, SME startup grants..etc.) The trust fund must be self substain and growing faster then the financing of the trust mission.)
Well, that if I have a windfall coming soon.
Life shouldn't change much, I would continue to do what i am doing.
A thought cross my mind as I wrote this. How would one define luxury life style? As each to its own. This is my analogy, While i'm showing at home. I off the tap when i need to soap or shampoo. When i'm on holiday, I enjoy myself in running shower to reading a book in tub fill with sented oil. That's a luxury to me. (Contentment is each to its own)
What is your luxury? How would you spend your windfall?
Sunday, January 6, 2008
Tuesday, January 1, 2008
New Reads - Why we want you to be rich
This is my latest reads, its a book co-written by Donald J. Trump and Robert T. Kiyosaki.
2 Men who fame and wealth has reach us to a certain extend - Globally.
Donald being the biggest real estate developer and the Robert who started of the Rich Dad Poor
Dad books.
With such big names in this book Why We Want You to be Rich: Two Men - One Message, most people would be interested to take a read. This book in my view would be classify under 'why classification'
Why do people want to be rich, why we should be rich rather then How to get rich. This book is mainly written in 1st Person context. Its give me the feeling of reading a part of this 2 great man biography. Though they view mainly involve america as the discussion. there are interest view and pointers where they share which to each its own might be useful.
The book shares insight of who they are and what made them how they are. Robert contributes his success with relation to the leadership and military training he got when he sign on as a marine nad later on what the oil industry has show him.
Where as for Donald, he share that his dad was the best role model in his life, where hardwork, honesty and preseverence seen and learn from his dad still drives him in his business of real estate and making him successful till this day.
Overall, its a good book for light reading and soul searching as every chapter they pose a question back on the topic they have discuss. making you do some thinking. ( if you want to get the best out of the book)
Some quotes that I felt was enlightening is that Insanity referes to doing the same thing over and over again and expecting different result.
If we are unhappy with our current situation in life now, we got to charge some where some how, a small step is what it take. Thought moves us into action and thus yield result.
If theres something in life now that you don like, you can change it! Nothing is easy, but who wants nothing?
Official Site.
All the best in 2008 for the world and everyone out there.
2 Men who fame and wealth has reach us to a certain extend - Globally.
Donald being the biggest real estate developer and the Robert who started of the Rich Dad Poor
Dad books.
With such big names in this book Why We Want You to be Rich: Two Men - One Message, most people would be interested to take a read. This book in my view would be classify under 'why classification'
Why do people want to be rich, why we should be rich rather then How to get rich. This book is mainly written in 1st Person context. Its give me the feeling of reading a part of this 2 great man biography. Though they view mainly involve america as the discussion. there are interest view and pointers where they share which to each its own might be useful.
The book shares insight of who they are and what made them how they are. Robert contributes his success with relation to the leadership and military training he got when he sign on as a marine nad later on what the oil industry has show him.
Where as for Donald, he share that his dad was the best role model in his life, where hardwork, honesty and preseverence seen and learn from his dad still drives him in his business of real estate and making him successful till this day.
Overall, its a good book for light reading and soul searching as every chapter they pose a question back on the topic they have discuss. making you do some thinking. ( if you want to get the best out of the book)
Some quotes that I felt was enlightening is that Insanity referes to doing the same thing over and over again and expecting different result.
If we are unhappy with our current situation in life now, we got to charge some where some how, a small step is what it take. Thought moves us into action and thus yield result.
If theres something in life now that you don like, you can change it! Nothing is easy, but who wants nothing?
Official Site.
All the best in 2008 for the world and everyone out there.
Tuesday, December 11, 2007
Getting Started With Singapore Stock Market - SGX)
Buying the first stock in Singapore is relative easy. To start trading in Singapore, We need a CDP A/c (Central Depository ) and a Brokerage Firm ( Securities Members ).
Thｅ ＣＤＰ ａｃｃｏｕｎｔ ｋｅｅｐ ｔｒａｃｋｓ ｏｆ ｏｕｒ ｓｔｏｃｋ ｐｕｒｃｈａｓｅ ａｎｄ ｓａｌｅｓ ｗｈｅｒｅ ａｓ ａ Ｂｒｏｋｅｒａｇｅ Ｆｉｒｍ ｐｒｏｖｉｄｅｓ ｕｓ ａ ｐｌａｔｆｏｒｍ ｆｏｒ ｕｓ ｔｏ ｅｎｔｅｒ ａｎｄ ｅｘｉｔ ｔｈｅ ｍａｒｋｅｔ．
For this list taken for SGX , a few common what that we know are the local banks like UOB Kay Hian ,DBS Vickers , OCBC Securities to name a few where you can walk into the respective bank and request for an opening of an a/c. ＣＤＰ ａｃｃｏｕｎｔ ｏｐｅｎｉｎｇ ｆｏｒｍｓ ａｒｅ ｎｏｒｍａｌｌｙ ｄｏｎｅ ｔｏｇｅｔｈｅｒ ｉｆ ｙｏｕ ｈａｖｅ ｎｏｔ ｈａｖｅ ａｎ ｅｘｉｓｉｔｉｎｇ ＣＤＰ ａｃ．
Ａｃｃｏｕｎｔ ｏｐｅｎｉｎｇ ｖａｒｉｅｓ ｆｒｏｍ ａ ｗｅｅｋ ｔｏ ｔｗｏ ａｎｄ ＣＰＦ statement ｏｒ ａｎｎｕａｌ ｉｎｃｏｍｅ ｔａｘ ｓｔａｔｅｍｅｎｔｓ ａｒｅ required to have a 'margin' account.
Margin ac is similar to a credit card. ( Just that you have to clear your bill within a week) How big your credit limit is affect the amount of stock you can own and purchase at 1 time.
The margin limit normally is peg to your annual income of 1 to 3time. where a whole lots of other factor. ( Referred by a friend... have a 'fat' saving ac in the bank or such ).
Brokerage firms are a good source of getting additional local market news on top of whats mention in the papers and the news. ( through the website or though a broker that is assigned to you when your ac is open)
All in all, to get a feel of investing. trying out buy/sell virtual trade before coming in with the real money. Brokerage firms are a good start as its basically free and you can familiarize the tools , platform and system.
With a CDP ac and a brokerage ac open, what to trade when to trade comes after.... everything starts somewhere and to invest in Singapore market.. opening of the above mention a/c is the first step.
Thｅ ＣＤＰ ａｃｃｏｕｎｔ ｋｅｅｐ ｔｒａｃｋｓ ｏｆ ｏｕｒ ｓｔｏｃｋ ｐｕｒｃｈａｓｅ ａｎｄ ｓａｌｅｓ ｗｈｅｒｅ ａｓ ａ Ｂｒｏｋｅｒａｇｅ Ｆｉｒｍ ｐｒｏｖｉｄｅｓ ｕｓ ａ ｐｌａｔｆｏｒｍ ｆｏｒ ｕｓ ｔｏ ｅｎｔｅｒ ａｎｄ ｅｘｉｔ ｔｈｅ ｍａｒｋｅｔ．
For this list taken for SGX , a few common what that we know are the local banks like UOB Kay Hian ,DBS Vickers , OCBC Securities to name a few where you can walk into the respective bank and request for an opening of an a/c. ＣＤＰ ａｃｃｏｕｎｔ ｏｐｅｎｉｎｇ ｆｏｒｍｓ ａｒｅ ｎｏｒｍａｌｌｙ ｄｏｎｅ ｔｏｇｅｔｈｅｒ ｉｆ ｙｏｕ ｈａｖｅ ｎｏｔ ｈａｖｅ ａｎ ｅｘｉｓｉｔｉｎｇ ＣＤＰ ａｃ．
Ａｃｃｏｕｎｔ ｏｐｅｎｉｎｇ ｖａｒｉｅｓ ｆｒｏｍ ａ ｗｅｅｋ ｔｏ ｔｗｏ ａｎｄ ＣＰＦ statement ｏｒ ａｎｎｕａｌ ｉｎｃｏｍｅ ｔａｘ ｓｔａｔｅｍｅｎｔｓ ａｒｅ required to have a 'margin' account.
Margin ac is similar to a credit card. ( Just that you have to clear your bill within a week) How big your credit limit is affect the amount of stock you can own and purchase at 1 time.
The margin limit normally is peg to your annual income of 1 to 3time. where a whole lots of other factor. ( Referred by a friend... have a 'fat' saving ac in the bank or such ).
Brokerage firms are a good source of getting additional local market news on top of whats mention in the papers and the news. ( through the website or though a broker that is assigned to you when your ac is open)
All in all, to get a feel of investing. trying out buy/sell virtual trade before coming in with the real money. Brokerage firms are a good start as its basically free and you can familiarize the tools , platform and system.
With a CDP ac and a brokerage ac open, what to trade when to trade comes after.... everything starts somewhere and to invest in Singapore market.. opening of the above mention a/c is the first step.
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