One of the fascinating aspects of (financial) bond is that there are many flavors of it. A bond is an I.O.U., you lend me money, I will pay you interest and at the end the loan is repaid. So why are there so many flavors of it? I remember reading an opinion somewhere that the … Continue reading What’s is a perpetual callable bond and is it worth it?
Recently an old client came back to see us after a long hiatus. Gone were the confident high tones of before, now only humility and resignation. His accountant played him out, the tax men got their hooks into him. And thru it all, he got no help and support from his family. But make no … Continue reading How the mighty has fallen…
There are certain things we accept without thinking, as a consequence of living in a world playing a capitalistic game. One of which is: Time = Money. Sounds simple enough, we need money, to get money we need to spend time to get it. As I mentioned previously, time is also energy and our life. … Continue reading Time = Money?
Complacency and overconfidence are the two great enemies of proper investing. There’s a story that a trainer in Penang asked a room full of investors whether all of them lost money in Money games. ‘Yes!’, all of them answered. ‘Would you want to put your money in it again?’, the trainer asked. ‘Yes!’, came the … Continue reading Why investors keep making the same mistakes over and over again
Two weeks ago, I read about a new financial term called FIRE. It stands for: Financial Independence Retire Early. Basically what it means to be on FIRE or to be FIREd is that you are saving aggressively, up to 70~80% of your income for about 10 years, then retire early and continue living frugally. -“It … Continue reading FIRE: Financial Independence, Retire Early
“I want to setup an education trust for my grandchildren. Sorry I’m like this, always thinking about other people, keep on giving, bad for my own financial freedom” “Don’t worry Mrs Tan, we’ve worked out your finances, how much you can give and when you can give. It’s good that you thought about giving when … Continue reading Is thinking about giving bad for our own financial freedom?
“I’ve been doing the Yoga exercises for 3 months, I don’t see the benefits described by the testimonials”“I’m subscribed to the investment portfolio for 1 year, I don’t see the returns”“I’ve been increasing vegetables to my diet for 30 days, I don’t see my weight going down”Sometimes when we go through a process to achieve … Continue reading I’ve been doing X, why don’t I see the result?