tag:blogger.com,1999:blog-7944902213075756335.post2538538993532806440..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): From rich to broke?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-7944902213075756335.post-48747577654165118802015-12-08T19:57:12.620+08:002015-12-08T19:57:12.620+08:00I have had conversations like this many times befo...I have had conversations like this many times before and, recently, it happened again.<br /><br />Friend: <br />This friend of mine must be very rich. Drives a new Mercedes Benz wor. He must have lots of money. 10 years my junior. Impressed.<br /><br />AK: <br />I think you want to make a distinction between people who have lots of money and people who are willing to spend lots of money. Could beAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69502585859019240472013-02-27T19:47:53.874+08:002013-02-27T19:47:53.874+08:00Hi YH,
Ah, in-laws? I see. Better let sleeping do...Hi YH,<br /><br />Ah, in-laws? I see. Better let sleeping dogs lie then. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25421139040996176142013-02-27T19:24:57.197+08:002013-02-27T19:24:57.197+08:00AK,
Not going to work. I let the wife do the talk...AK,<br /><br />Not going to work. I let the wife do the talking. It is her elder sis so better let them talk...YH Tanhttps://www.blogger.com/profile/05108489937504990432noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41048662160628322292013-02-27T16:49:55.159+08:002013-02-27T16:49:55.159+08:00Hi Ray,
Financial prudence is a rather boring top...Hi Ray,<br /><br />Financial prudence is a rather boring topic, isn't it? I am running out of ways to share the same message! Time to seriously consider a sabbatical. ;p<br /><br />Oh, yes, I remember the dial ups. I kind of miss the whining and the screeching sounds when making a connection. LOL. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8138704312007303492013-02-27T16:29:59.806+08:002013-02-27T16:29:59.806+08:00Again...delayed gratification. Something that is p...Again...delayed gratification. Something that is prudent and right but hard to fathom for people who live in the now. People are getting impatient, fast food, instant noodle, fibre optic broadband (do we still remember the 7K modems? OMG) We no longer want to wait for rewards to come, we want instant rewards...Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48766291006341240362013-02-27T14:51:40.515+08:002013-02-27T14:51:40.515+08:00seriously, the bottom lines are affordabilty &...seriously, the bottom lines are affordabilty & quality. I'll pay a bit more for US or Aussie oats & musli than the china-made @ 1/2 price. Likely health & food safety Risk are not worth it.SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87334915652180243342013-02-27T14:07:41.995+08:002013-02-27T14:07:41.995+08:00Hi YH,
Indeed, parents play the most important ro...Hi YH,<br /><br />Indeed, parents play the most important role in a child's development. Unfortunately, not everyone can be a good parent. :(<br /><br />Then, perhaps, you could talk to her parents instead. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78332987255280243312013-02-27T14:01:12.288+08:002013-02-27T14:01:12.288+08:00AK,
I believe it is her parent who needs to be ed...AK,<br /><br />I believe it is her parent who needs to be educated. Whenever I have a chance I do talk to her. It is very interesting to get to know what goes into a teenager mind. I think she is much more rational and financial prudence than her parent. Period. And I hope she don’t stray into her parent path. <br /><br />YHYH Tanhttps://www.blogger.com/profile/05108489937504990432noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73571664934046638512013-02-27T13:46:49.528+08:002013-02-27T13:46:49.528+08:00Hi Jay,
Yikes! I wonder if anyone working in MAS ...Hi Jay,<br /><br />Yikes! I wonder if anyone working in MAS is reading my blog now. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47732011098399412292013-02-27T13:36:39.498+08:002013-02-27T13:36:39.498+08:00The MAS should make mandatory the publication of t...The MAS should make mandatory the publication of this story in any of the 'get rich quickly' seminars on property/FX/whatever investment...Jayhttps://www.blogger.com/profile/10603260010525244134noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59533155941958372212013-02-27T11:27:26.910+08:002013-02-27T11:27:26.910+08:00Hi YH,
I am very much human and have all the weak...Hi YH,<br /><br />I am very much human and have all the weaknesses that come with being human. I am still trying to do better.<br /><br />For example, I have yet to buy a pre-owned car. All my cars were bought new. Lost quite a bit of money to depreciation, didn't I?<br /><br />You might want to educate your niece on the importance of financial prudence. You would only be doing your duty as AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22065254314178398412013-02-27T10:59:01.601+08:002013-02-27T10:59:01.601+08:00AK, Endrene, LP,
Tks for sharing your personal ex...AK, Endrene, LP,<br /><br />Tks for sharing your personal experiences. <br /><br />One personal experience is not to follow the latest technology. Latest technology smart phone, camera, PC, tablet almost every quarter. I first DSLR camera bought 7 years ago is still giving me good quality holiday pictures. My current iphone 3 is a pass down from my 17 years old niece. And I will be getting YH Tanhttps://www.blogger.com/profile/05108489937504990432noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56212066039939959852013-02-27T09:49:11.359+08:002013-02-27T09:49:11.359+08:00Hi SnOOpy168,
I sincerely believe that your $23 C...Hi SnOOpy168,<br /><br />I sincerely believe that your $23 Casio does a better job than the antique Rolex I bought. LOL. No kidding.<br /><br />Sigh. A moment of weakness but, then, they do say that a thing of beauty is a joy forever. So, please indulge me. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54787510901303067082013-02-27T09:45:41.507+08:002013-02-27T09:45:41.507+08:00Hi Endrene,
Some heavy duty word play going on he...Hi Endrene,<br /><br />Some heavy duty word play going on here. ;)<br /><br />As we seek lower cost alternatives, the trick is in still getting the same quality of service or goods. If paying a lower price means getting lower quality, of course, the higher standard of living we are looking for would elude us.<br /><br />So, I believe that you are doing all the right things in being rationally AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78659925465086502682013-02-27T09:19:00.397+08:002013-02-27T09:19:00.397+08:00enlightening reminder.
20/80 rule often subconcio...enlightening reminder.<br /><br />20/80 rule often subconciously applies. 20% of the $ can be used to satisfy 80% of needs. My $23 casio dual display watch will tell me the time as accurate as your rolex. of course, for face's sake & "needs", end up burning 80% of the budget for the 20% of "features. one could hardly use & perhaps to quantify. <br /><br />of course, i SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22560372559334070152013-02-27T09:02:32.241+08:002013-02-27T09:02:32.241+08:00The cat is back and has come to my rescue! Meow......The cat is back and has come to my rescue! Meow...meow...meow... Thankiew very much, LP!<br /><br />I like LP's suggested approach in unearthing the 'critical' things. Very inventive to link the 'ponzi scheme' to our life and it's quite appropriate, I must say, to describe people with an unsustainable lifestyle.<br /><br />AK, I fully subscribe to your 'lower cost EYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14431095666553070212013-02-27T08:04:27.021+08:002013-02-27T08:04:27.021+08:00Hi LP,
Thanks for enlightening me. That is an inv...Hi LP,<br /><br />Thanks for enlightening me. That is an inventive use of the phrase "ponzi scheme". ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78506803467424129802013-02-27T01:01:38.742+08:002013-02-27T01:01:38.742+08:00Hi AK,
By 'personal ponzi scheme', I mean...Hi AK,<br /><br />By 'personal ponzi scheme', I meant a lifestyle that will continue to be supported as long as the suckers keep coming in. In my lifestyle, that sucker is good health. In your friend's, that's his paycheck. Once the suckers stop coming in, the whole ponzi scheme will start collapsing like a pyramid of cards.<br /><br />Sorry about the phrase...I think I'm lostla papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8043450489752407532013-02-27T00:29:49.937+08:002013-02-27T00:29:49.937+08:00Hi LP,
I always enjoy how you bring your personal...Hi LP,<br /><br />I always enjoy how you bring your personal experience to bear although I am somewhat lost with the phrase "personal ponzi scheme". Care to elaborate? ;)<br /><br />The main message here could be encapsulated in 4 Chinese words: 居安思危. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90264123049323772332013-02-27T00:14:08.702+08:002013-02-27T00:14:08.702+08:00Hi AK,
I learnt this from somewhere. When things ...Hi AK,<br /><br />I learnt this from somewhere. When things are going well for you, ask what are the things that can trip you and set you tumbling down? It is not a depressing exercise like you've mentioned, rather, it's an exercise to see what the 'critical' things are, or where the keystones that hold everything in place are.<br /><br />In the example of your friend, he just la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2826268233228419412013-02-26T22:59:01.496+08:002013-02-26T22:59:01.496+08:00Hi YH Tan,
Hahaha... Ask Endrene, she is the expe...Hi YH Tan,<br /><br />Hahaha... Ask Endrene, she is the expert at digging out bargains! ;p<br /><br />OK, let me share a personal example. <br /><br />I had a SONY Vaio AIO a few years ago. I paid >$2,000 for it. Now, I am using a Lenovo AIO which I got for under $1,000. Both computers contributed to a higher standard of living but using a Lenovo AIO is a less costly option.<br /><br />AnotherAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76363287695160556562013-02-26T22:47:14.407+08:002013-02-26T22:47:14.407+08:00Hi Endrene,
Focus on the critical things. This is...Hi Endrene,<br /><br />Focus on the critical things. This is good advice indeed. What are the critical things, in your opinion? A guest blog post in the making, perhaps? ;)<br /><br />For sure, delaying gratification in all its forms would help to grow our wealth. We could get many things for "free" over time.<br /><br />Although I have suggested many times that we should not satisfy AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87156037893309980952013-02-26T22:40:48.631+08:002013-02-26T22:40:48.631+08:00"Can we not have a higher standard of living ..."Can we not have a higher standard of living without a much higher cost of living?"<br /><br />I like!!!<br /><br />How ah??? Share leh!!!<br /><br />Cheers, <br />YH TanYH Tanhttps://www.blogger.com/profile/05108489937504990432noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77403229707494180272013-02-26T21:33:59.344+08:002013-02-26T21:33:59.344+08:00Hi AK,
'Everyone needs to think of all the ba...Hi AK,<br /><br />'Everyone needs to think of all the bad things that could happen to them. I know it can be depressing but it is necessary.'<br /><br />You talking to yourself or talking to me huh? :P<br /><br />Please don't think of 'all' the bad things, just focus on the critical things will do. <br /><br />It is also possible to have higher standard of living without EYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38742059800678657022013-02-26T20:53:38.305+08:002013-02-26T20:53:38.305+08:00Hi Jeremy,
Unfortunately, this is so for some. :(...Hi Jeremy,<br /><br />Unfortunately, this is so for some. :(AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com