tag:blogger.com,1999:blog-7944902213075756335.post6060667338806436334..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Do you want to be richer?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-7944902213075756335.post-37716914222431398612017-09-18T13:45:33.308+08:002017-09-18T13:45:33.308+08:00HWZ Forumer:
"In the first place, how do they...HWZ Forumer:<br />"In the first place, how do they save so much to invest? Can an average person save so much per month as Singapore listed as most expensive city to live in?<br />They are Ah Sia Kia to begin with. <br />Keep dreaming and follow their blog hor"<br /><br />AK:<br />Jealousy and cynicism never produce positive results.<br />Negativity begets negativity.<br />If we think AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38016236576674257612016-10-05T14:23:20.031+08:002016-10-05T14:23:20.031+08:00Adeline Low:
"Really inspiring and motivatin...Adeline Low: <br />"Really inspiring and motivating to hear you juggle 3 jobs for 7 days a week, for a few years! You do that coz you want to invest more early so you will reap the benefits soon?"<br /><br />ASSI AK:<br />"I wanted to get rich, not drive around in Ferraris…but for the freedom it would give me" Charlie Munger. <br /><br />;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79249980821342563872016-06-10T12:56:30.464+08:002016-06-10T12:56:30.464+08:00
John:
i see low to avg income people difficult t...<br />John:<br /> i see low to avg income people difficult to save $$.<br /> sweat sia.<br /> u do a posting on this? how to save $$ for low income people.<br /><br />AK:<br /> For low income people, it is important to increase income.<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79841916383098909572014-04-07T00:21:58.723+08:002014-04-07T00:21:58.723+08:00Hi Lakota,
We have to remember that the transfer ...Hi Lakota,<br /><br />We have to remember that the transfer from OA to SA is a one way street. So, we have to be sure that it is money we will not need for housing.<br /><br />It was many years ago but if I remember correctly, I transferred money from OA to SA for the first 4 years of my working life. I stopped when my SA had about $40K. That $40K would grow to be $60K within 10 years even if I AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30050834932451713222014-04-06T23:35:50.409+08:002014-04-06T23:35:50.409+08:00Hi,
Is there a bare minimum that you would advise ...Hi,<br />Is there a bare minimum that you would advise for someone starting out in the workforce to leave in the OA account?<br />I understand you transferred most of your savings from OA to SA during your first few working years.<br />Do you mind sharing when did you stop doing so and how much was your SA when you stopped transferring?<br />Thnk you =)Lakotahttps://www.blogger.com/profile/15524991181883170867noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1884272710172026512013-02-17T09:19:43.715+08:002013-02-17T09:19:43.715+08:00Hi Unknown,
I wouldn't say that I am giving a...Hi Unknown,<br /><br />I wouldn't say that I am giving advice. I am just sharing what I feel works. It has certainly worked for me.<br /><br />Of course, there is always a risk that things might change in the future. So, I cannot guarantee that it will continue to work. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31738511194002618162013-02-17T01:19:29.709+08:002013-02-17T01:19:29.709+08:00Hello AK71
Just wondering if your advice to trans...Hello AK71<br /><br />Just wondering if your advice to transfer funds from OA to SA is still valid today? The 4% interest rate doesn't seem to be guaranteed forever<br /><br />Great blog btw, learnt a lot just on my first visit tonight!Unknownhttps://www.blogger.com/profile/10760778716174329792noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35662136141580536612011-11-30T16:13:09.448+08:002011-11-30T16:13:09.448+08:00Hi Cory,
That is good advice, I am sure. Jim Roge...Hi Cory,<br /><br />That is good advice, I am sure. Jim Rogers would agree. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47031102018526963622011-11-30T13:22:34.977+08:002011-11-30T13:22:34.977+08:00The best outcome will be we can be richly rewarded...The best outcome will be we can be richly rewarded for the things we like to do daily in the first place and not because we are after riches.<br /><br /><br />So look for things you like to do first and then decide the options which gives better rewards.Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75154185732553488732010-10-07T11:04:54.709+08:002010-10-07T11:04:54.709+08:00Hi left_ray,
Those seminars that promise to make ...Hi left_ray,<br /><br />Those seminars that promise to make us richer probably enrich the organisers. Few (if any) would share valuable information for free. ;)<br /><br />Yes, if we think of wealth beyond financial wealth, we probably have much to thank for.<br /><br />I just had a conversation with a colleague last evening on financial planning. Greed is not a bad thing. However, greed + AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-338918119231538322010-10-07T10:08:13.724+08:002010-10-07T10:08:13.724+08:00Everyone want to get rich. A lot of seminars feed ...Everyone want to get rich. A lot of seminars feed on this. We should all know not everyone can get rich overnight. Even if we won the jackpot or toto, we may also lose it overnight. We should be prudent and learn more about financial planning and tools to sustain the "richness" (include family, friends, and etc.) we have. Our life should be richer.left_rayhttps://www.blogger.com/profile/17765352167167206493noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53600368359719270222010-10-05T22:36:16.428+08:002010-10-05T22:36:16.428+08:00Hi KM,
I blogged about my journey as an investor ...Hi KM,<br /><br />I blogged about my journey as an investor before. You might be interested in reading about my journey here:<br /><br />http://singaporeanstocksinvestor.blogspot.com/2010/02/excuse-me-are-you-investor.html<br /><br />I learned through trial and error (and there were many errors). One of my aims for this blog is to share my experience and hope that others could avoid the same AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14464098511589269692010-10-05T22:10:46.191+08:002010-10-05T22:10:46.191+08:00Hello AK71,
Sometimes reading your blog inspire m...Hello AK71,<br /><br />Sometimes reading your blog inspire me as we are about the same age group. Sad to say, sometimes it can be demoralizing as well :'(<br /><br />Look at what you have achieved compared to me. Nowadays, I "breathe, eat & sleep" with 50K passive income annually in my mind all the time . . . hahahah !!! May I ask how old were you when you first started Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50958495853357203152010-10-04T13:54:29.100+08:002010-10-04T13:54:29.100+08:00Hi Li,
Thank you very much for sharing with us yo...Hi Li,<br /><br />Thank you very much for sharing with us your insights and personal experience. I find it very enlightening. :)<br /><br />There are definitely more options available or readily available information on the options available in our quest for financial freedom these days compared to my parents' era, for example. Taking advantage of this and planning early is the prudent thing AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82908087758942771502010-10-04T13:21:36.534+08:002010-10-04T13:21:36.534+08:00AK,
Very interesting and timely post. In our worl...AK,<br /><br />Very interesting and timely post. In our world of instant gratification, it is an uphill task to convince the younger generation to be patient.<br /><br />In my opinion, drive, determination and hardwork are traits which must be cultivated to succeed in any ambition or goals. Never be afraid to volunteer to do projects and in fact, the bigger the project the better. Only by gettingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16308227285604718722010-10-04T11:09:00.244+08:002010-10-04T11:09:00.244+08:00Hi Jeremy,
Yes, I agree with you. This is what p...Hi Jeremy,<br /><br />Yes, I agree with you. This is what people like Robert K. advocates. I summarise this approach into a question and two statements:<br /><br />1. Why work for people and be paid a fraction of your worth? <br /><br />2. Work for yourself and be paid your worth.<br /><br />3. Employ workers to work for you and pay them a fraction of their worth.<br /><br />Certain businesses AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60788609381199601072010-10-04T01:02:21.392+08:002010-10-04T01:02:21.392+08:00Hi AK,
I have done some reading and found that the...Hi AK,<br />I have done some reading and found that the best way to generate good passive income is by owning businesses. I am not talking about buying shares to own only a meagre part of a corporation. I am talking about owning and running one's own private businesses. Businesses offer the most potential for generating good income and the larger one's business can grow, the more the Jeremynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45796180249530744722010-10-03T15:14:40.329+08:002010-10-03T15:14:40.329+08:00Hi Sam,
This is the first time I am hearing someo...Hi Sam,<br /><br />This is the first time I am hearing someone say this. Please visit again soon for more therapy. ;-pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38763638493399892452010-10-03T11:53:44.577+08:002010-10-03T11:53:44.577+08:00I din know reading financial blog can be so therep...I din know reading financial blog can be so thereputic.<br /><br />samAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60229318684637590902010-10-03T02:39:19.509+08:002010-10-03T02:39:19.509+08:00Hi KM,
You think too highly of me but, nonetheles...Hi KM,<br /><br />You think too highly of me but, nonetheless, thank you very much for your nice words. They are very encouraging. :)<br /><br />I am happy to share my own experience and my beliefs. If anyone could benefit from these, I am glad.<br /><br />As to how much passive income I would like to generate by the time I retire, yes, $100k per year would be quite comfortable. Well, I can onlyAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33767269273579813592010-10-02T22:38:44.845+08:002010-10-02T22:38:44.845+08:00Hello AK71,
i have learnt through your many blogs...Hello AK71,<br /><br />i have learnt through your many blogs that you are a "giving" person in many ways. That touched me. I am truly proud of you as nowadays it is difficult to find people who "give" their knowledge generously & sincerely.<br /><br />May I ask what is your goal for passive income by the time you retire? 100k per annum ?<br /><br />KMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45223393902303432222010-10-02T21:34:46.113+08:002010-10-02T21:34:46.113+08:00Hi LP,
Thank you for sharing your personal experi...Hi LP,<br /><br />Thank you for sharing your personal experience and words of wisdom. :)<br /><br />I know a few people who are always complaining but when I offered ideas, they would be very negative about every single suggestion. Niu bu he shui qiang an tou - If a cow does not want to drink, what's the point of pushing its head down into the water?<br /><br />Ultimately, all of us have to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48110899729989406092010-10-02T20:10:05.226+08:002010-10-02T20:10:05.226+08:00Hi Cinderella,
I really agree with you on this po...Hi Cinderella,<br /><br />I really agree with you on this post. There are people who dream and people who achieves their dream, if you don't take incremental steps to achieve, you can whine but essentially nothing will be changed. <br /><br />When I started work, I was getting like 2k too (at one pt I was earning 90 for a month only), but I felt that was unacceptable. I realised I had a lot la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.com