We can help to lessen the pain.

On 25 May, I put up my complimentary ticket to InvestX Congress 2014 for auction, promising that the proceeds would go to a charity of my choice. Within 2 days, I closed the auction after receiving the top bid of $99 which was equivalent to the regular price of the ticket.

Now, here is the proof that I have made a donation with the money received:

When a reader asked me on FB which charity would I be making a donation to and whether it would be to NKF, I told him I would be making a donation to KDF. It was the first time he heard of KDF despite the fact that it was set up in 1996.

KDF is a not-for-profit and independent charity to help needy kidney patients who lack funds for dialysis and also to find a cure for kidney diseases. They work together with NUS in their search for a cure for diabetes. I like the vision of a world where people no longer have to suffer from diabetes.

Learn more about KDF: www.kdf.org.sg

There are people who are forced to sell their cars and valuables due to financial hardship. There are people who suffer financial hardship but have nothing valuable to sell. For these people, if financial hardship is due to health reasons which prevent them from being gainfully employed, we should offer a helping hand, if possible.

Related posts:
1. InvestX Congress: AK's ticket is up for grabs.
2. Forced selling due to financial hardship.
3. Counting our blessings.
4. Towards better mental health.
5. Voluntary contributions to CPF.

Want to win $14,000 to $19,200 a year?

I know someone who would bet $300 to $400 every week on 4D and Toto. It is simply mind-boggling to me.

When I found out, I suggested that he should save the money every week instead.




To me, it is a no-brainer. 

I explained to him that, in a month, he would save $1,200 to $1,600 and in a year, he would save $14,400 to $19,200!

That is quite a lot of money.

His reply to me,

"Hey, what if I gave up and one of the 4D or Toto combinations I always buy appear as first prize har? You compensate me har?"

I was speechless! 




I mean if he had listened to me, I would have gone on to explain the next step of how he could invest that $14,400 to $19,200 a year for a dividend income of $720 to $960 a year which although not a lot is nice to have.

Then, imagine doing it year after year!

Gambling is like a drug.

This person is so hung up on the possibility of striking it rich and he has been doing this for so long that he is unable to quit for fear that all his previous "investment" would go to waste.




Chances of winning first prize in 4D is 1 in 10,000. 

Chances of winning first prize in Toto is 1 in 8,145,060!

How are the odds more attractive compared to a sure win of $14,000 to $19,200 per year?

Of course, let us not forget the possibility of a dividend income if the money was invested.

Well, he must think I am mental. Many patients in Buangkok Green share his view, I am sure.




"rationalizing foolish conduct, based on your subconscious tendency to serve yourself, is a terrible way to think." 
- Charlie Munger.

Update: 27 July 16

Matthew Seah:

TOTO now got more numbers to choose from..

Click to enlarge and be stunned like vegetable!

Related post:
Investing in stocks makes you a gambler.