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1M50 CPF millionaire in 2021!

Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...

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Hickory dickory dock, AK just bought a clock!

Friday, January 23, 2015

I don't like wall clocks not because they are not pleasing to the eye. I just don't like knocking nails into walls. So, in my apartment, you will see only desk clocks. The problem with the ones I have is that they are quite small and hard for me to see unless I am quite close to them.

So, I decided that I should get a bigger clock, one that I could tell time with easily from anywhere in the living room.

They are hard to find and the few I saw are all so expensive. Their prices are from $59 to $139. Their faces weren't very big either. They were, maybe, 6cm to 8cm across. OK, maybe, I am used to paying $2.00 for a clock but, to be fair, those were tiny with faces 3cm or so across.

Anyway, I decided to just wait and see if I could find a less expensive one in future. No hurry, I told myself. Well, guess what. My patience was recently rewarded:




I found this in an old and dusty looking watch repair shop which has lots of old watches and clocks. It has a white face which is about 13cm across with black hands and numbers. Price? $29.00. Not bad.

It is actually a working alarm clock too! OK, I know. Duh... Aiyoh, humour me lah. A wall clock wouldn't have that function, right?


Clock looks happy sitting next to my new 40" FHD LED TV.

There is also a story about the TV which I paid very little for a couple of months ago but I will leave that story for another time, maybe.

Related post:
Another personal story of frugality.

SembCorp Industries and SembCorp Marine: Recovery?

Thursday, January 22, 2015

Here are a couple of interesting chart formations:

SCI. A long white candle formed on a high volume day.
It could be a double bottom formation.
The MACD has formed a higher low.
Neckline approximates $4.50
If that should break, eventual target is provided by the declining 200d MA (the light blue line) which is approximating $5.00 now.

SMM. Another long white candle formed on a high volume day.
Looks like it could be a double bottom formation too.
The MACD has formed a higher low.
Neckline approximates $3.30.
If that should break, the declining 200d MA is the eventual target.
Currently, the 200d MA approximates $3.70.

Based on TA, SCI and SMM look promising.

CPF: A simple case of so near and yet so far?

My reply to a comment by a reader: here.




Hi politicalwritings,

When something is significant enough, such as retirement planning, I think for the government to have an active hand is a good thing and, for some of us, it is a necessity so that the risk of growing old and destitute is reduced, if not eliminated. 

Of course, not everyone agrees.


Unfortunately, it is difficult to pinpoint who are the financially responsible ones and who are not amongst CPF members. 

So, a minimum safety net that covers everyone works. It helps to ensure basic retirement funding for everyone.





What we eat and how much we eat is not of the same level of significance as whether we would be able to achieve retirement adequacy. 

So, I don't think the example you used is appropriate.

When should we have government intervention?

When we cannot reasonably rely on everyone to act responsibly on a matter that has tremendous importance in everyone's lives, especially if irresponsible behaviour would result in the burden being shifted from such individuals to the rest of society.

Best wishes,
AK



This is something I feel strongly about. So, I decided to blog about it instead of just replying in the comments section.

Talking ever so loudly to myself here. Tsk, tsk.


AK, you are so boorish (and psychotic)!


Related post:
CPF Life.


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