Recently we've been discussing at a company level - How to describe what we do? One of the common answers is that: "We give our clients a peace of mind concerning financial matters." First of all, why do we not say, "we advise clients on financial matters?" Essentially, the word 'finance' + 'advise' put together, … Continue reading What do Financial Advisors do?
Capturing Upsides
The Talk A few days ago, I've a chit-chat with a friend where it goes like this: Friend:"Eh, why did the market drop so suddenly ah?" Me:"Because of the 'Trump Turmoil' lor, the market fell out of love with Trump, FBI investigate him for Russian connections, he failed to replace Obamacare, etc. etc." Friend:" Why ah? Why … Continue reading Capturing Upsides
Why do people take high risks even though they might lose their money?
Lately I've been grappling with a financial conundrum:" Why do people take high risks even though they might lose their money?" Just last week I learnt about something called the "Money Game" among the Chinese speaking community in Malaysia. It's a ponzi scheme, everyone acknowledges it as such, everyone who went in the scheme goes … Continue reading Why do people take high risks even though they might lose their money?
A Brief History of Investing
There was a guy on radio this week talking about the financial literacy gap of Malaysians. While I agree with him that children should be educated on the subject, I think that adults can learn financial stuff too to make up for the missing classes in school last time, so here's a brief history of investing: … Continue reading A Brief History of Investing
Once upon a time
Once upon a time, there was a rich merchant. He owned a trading post in the middle of a forest of dense mists. People would come to visit him on their journey North and buy supplies from him. One day, a young man came to visit him. "Sir, would you like to buy some insurance? … Continue reading Once upon a time
The 13th Warrior and… financial planning?!
I have these ideas in my head when I'm doing financial planning, and they somehow connects to movies that I've seen. For this week, the inspiration comes from The 13th Warrior starring Antonio Banderas. The first quote from the movie is:" I listened!" Scene here: https://www.youtube.com/watch?v=lnnREr8BV24 Those who watched the movie will remember that the … Continue reading The 13th Warrior and… financial planning?!
Sun Tzu and the Art of Personal Finance Part II
I've mentioned before that War is the Art of bringing more weapons to a battle than your opponent. To me, Sun Tzu's The Art of War discussions on military strategies, tactics, battlefield arrangements and spying is all about maximising one's weapons in a conflict while restricting your opponent's capability to bring his weapons to the battle. … Continue reading Sun Tzu and the Art of Personal Finance Part II
