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If AK can grow money trees, so can you!

Sunday, March 8, 2015

Not too long ago, I revealed that I bought a money tree and a few other plants for my planter at home. I have spent some time re-potting them and I want to show them off:

The money tree is the tallest plant in the pot.

Re-potting the cacti was more daunting a task.

I hope I didn't damage their roots or something in the process. It would be totally inauspicious if the money tree should die on me.

What else do I do from time to time on weekends other than growing a money tree?

Well, I enjoy picking fruits from another money tree which I have been growing for many years. 

Another money tree? It must be quite big to be bearing fruits, you might think.

Surprisingly, I don't need a pot or soil for this money tree. I just need a calculator, a pen and some paper. Got you!




Yes, it involves real money this time.

I am quite happy to spend some quality time with my money tree and my "money tree".

Like what you see? You can do it too. Believe it.

-------
Update (3 January 2016)

How is my money tree doing?


Not too bad. :)


Related posts:
1. Grow some plants that bring wealth?
2. Create Dividend Machines. (Interview with AK.)

10 comments:

RetailTrader said...

Hi AK, I grow moneyplant instead! Very easy to maintain!

howtoinvestsg said...

both pots of money trees looks great to me!

MaoMao said...

Hi AK,

Why is a securities firm sending you share certificates? I have never received such letters before, usually it is from SGX.

AK71 said...

Hi RetailTrader,

When I was a boy, I remember staying in a house with a money plant. It was a giant of a plant and covered an entire fence on one side of the garden. It was beautiful! :)

Unfortunately, I don't have the luxury of space in my little hut in the sky now. :(

AK71 said...

Hi MaoMao,

Some bits of my investments are held in a nominee account. :)

A "nominee account" is a type of account in which a stockbroker holds shares belonging to clients.
(Source: Investopedia.)

Capricon said...

Just curious, does it cost more using nominee account? Besides keeping the share ownership anonymously, any other reasons to use nominee account? Also, I think cannot attend AGM. AK worry of letting pple know he own big chunks of shares. :D

AK71 said...

Hi Capricon,

I think it depends on the brokerage and maybe the agreement we have with them. For me, there is no extra cost. Well, I don't remember there being any. -.-"

I also have these same stocks in my CDP account. Not everything is in the nominee account. So, I can still go to AGMs if I want to although I usually don't. Too lazy. -.-"

My broker arranged this facility for me many, many years ago because it was more convenient for me. I remember those were the days I had to send in cheques to pay for my purchases. Those were the T+7 days. Subsequently, it became T+5 and T+3.

So, having this facility allows me to ignore the T+3 issue. :)

RetailTrader said...

Hi AK

Can one! Moneyplant can be big or small. I grow mine in a 5 inch diameter pot. Bought it from Ikea at $1.50!

AK71 said...

Hi RetailTrader,

$1.50? OK, for $1.50, I might just experiment to see if I could control its growth although I am a bit apprehensive. LOL. ;p

AK71 said...

New photo of my money tree added. :)

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