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Passive income, CPF savings and a topless pic.

Thursday, November 17, 2016

I have a friend of more than 20 years who used to be fabulously fit. 

Now, he is "flabulously" fat. 

He is even fatter than I was last year before I embarked on my effort to lose weight.

A few months ago, he said I looked unhealthy because I lost too much weight in a short time. 

Basically, I lost plenty of fat without gaining enough muscle mass. 

My entire frame shrank. 

Imagine that. Horrible, isn't it?








I was climbing stairs, lots of stairs, but I wasn't doing enough upper body workout. 

The solution for me, I found, was simple. 

Do more push ups. 

This is a simple and effective exercise that I can do at home. It builds stronger arms, shoulders and chest. It helps to strengthen the core too.






Anyway, when I saw my friend again recently, he said he has decided to lose weight too. 

It won't be an exercise to look fabulously fit but an exercise not to look "flabulously" fat. 

All he wants is to be able to wear swimming trunks to the pool again instead of a pair of board shorts.

He said,

"You can definitely go to the pool in swimming trunks now."






I don't enjoy swimming very much and walking around outside in a pair of trunks is like being clad only in my undies for all to see, I have always thought.

He said,

"But you can do it with confidence now."

Yes, I know what he meant but I would still feel uncomfortable being mostly naked in public.

My family and friends know that my determination to lose weight has everything to do with health and very little to do with looking good. 





I was probably somewhat extreme earlier on in my attempt to lose weight. 

I was really driven by fear.

This is similar to my determination to be frugal when I started life as a working adult. 

On hindsight, I was probably too extreme for many years of my life in allowing myself only $300 in spending money each month. 

Again, I was really driven by fear.





When we fear something, we are likely to take measures to avoid it.

The fear that my health might worsen drove me to lose weight. 


The fear of growing old and destitute drove me to be frugal.


Unless you are new to my blog, you would know that my frugal lifestyle is an important ingredient in the recipe for achieving financial freedom.





Now, I am pleased to share that my health has improved mainly due to my weight loss which has been achieved mostly through dieting and, to a lesser extent, a moderate exercise regime.

In the conversation with my friend, I joked,


"I will only feel comfortable being mostly naked in public if I could hide my face."


We had a good laugh and, then, he said,

"Why not share in your blog? You are faceless there. You might inspire people like me to lose weight too."






OK, I am comfortable sharing how much is my passive income and how much I have in my CPF accounts only because I am an anonymous blogger. 

The purpose is to inspire by sharing my own experience. 

To be honest, I was afraid I might regret it but so far, so good.

So, I guess this is another first for AK and I hope I don't regret doing this. 





With some trepidation, I share here a topless pic of myself taken today:



Ooops. Wrong photo. It should be this one:



If you are overweight and think that losing weight is too difficult, I hope you will think again.

I believe that any overweight person mentally strong enough to go on a journey towards financial freedom is mentally strong enough to go on a journey to lose weight. 


I am putting an emphasis on mental strength because it is about discipline.







Losing weight is not an easy journey. 

Like our effort to achieve financial freedom, we have to make positive changes and stay the course.

However, compared to trying to achieve financial freedom, losing weight is much easier. Believe it.





Related posts:
1. My food bill grew in size!

2. Being fallible in dieting.
3. Essential habit to becoming richer.

AIMS Property Securities Fund (formerly MPSF).

Wednesday, November 16, 2016

A conversation with a reader led to a discussion about an old dusty investment which I would not have made knowing what I know today:

Reader:
if you like aims cap reit management so much, then do you like aims property fund?
both are listed in sg
 
Different animal
I have a legacy position
It was MPSF
it is a fund of funds
just that alone made it a mistake




Reader:
coz aims cap reit is steadily dropping but aims property fund is steadily increasing
 
Assi AK
the rights issues (two, iirc) were very cheap and i bot more
a few cents per unit, iirc
those were cheaply bot
quite happy
but it still doesn't change the fact that it is a fund of funds which i would not touch these days

Reader:

i guess you would rather diversify them yourselves than to pay extra management fees

Assi AK
lack of transparency too... many funds they own are not listed
that makes it worse
i got into it based on recommendation by a friend who invested tons in it (including his mother's money)... lost most of it




In case you are wondering, AIMS Property Securities Fund (formerly MacarthurCook Property Securities Fund) is still in my investment portfolio.

I took up the rights units I was entitled to and I also applied for excess rights during the fund raising exercises after crunching some numbers and deciding that the fund would be able to pay decent enough dividends in due course.

Getting in years ago when I did at a much higher price without fully understanding what I was getting myself into was a mistake.

However, participating in the rights issues after doing much more research and deciding that it had become a bargain then has proven to be rewarding.

All investments are good investments at the right price.


For more information on the fund:
http://www.macarthurcook.com.au/mck/en/Investments_Funds/Investment.aspx?id=2
"Units on issue in the Fund will be consolidated on a 1 for 10 basis." - 4 July 2016.

Related post:
AIMS AMP Capital Industrial REIT

Trump won the election and I lost my life savings.

Monday, November 14, 2016

  • Reader:
  • "Recently, my friend just shared with me that he lost 80k on the day that trump won the election. He went to short jap futures seeing that the DJIA futures were tumbling. The media were calling for doomdays and he shorted aggressively. In the end, he got stopped out. Now he has lost his entire savings. I wonder how long he will need to save another 80k. Now no more ammo to invest if a crash finally happens. I also didnt expect the market to recover that fast and break new high thereafter. Any special advice for the friend of mine.. It seems that he doesnt learn from his mistakes..."






  • Assi AK

    Assi AK
    Ask him to read this for a start:

Position sizing, war chest, volatility, nibbles and gobbles.


Don't ever throw everything we have including the kitchen sink into a gamble. 





We should be smart enough to know that it is a gamble and be realistic enough to know that things could go horribly wrong.

Don't ever think that we are invincible.


The moment we think we are invincible, we might just fall into a hole which might take us a long time to get out of.






Related posts:
1. Grew more daring and lost $100K!
2. How to make recovering from losses easier?


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