"Clarity Leads to Power"
"Risks must be taken because the greatest hazard in life is to risk nothing" ~ William Arthur Ward
"Think BIG and Act BIG"
"Your comfort zone is in direct proportion to your money $$$ zone"
"Do it all or don't do it at all. Make it great or don;t make it at all"
Tuesday, October 6, 2015
Monday, September 14, 2015
Won some money in Genting with pure dumb luck!
I just got back from Genting Highlands. Whew its like I never left genting since its so hazy out here in Klang Valley !
Anyway last night in Genting, i managed to win some good money! Throughout my 3D2N stay in Genting Highlands, I only played once and that one time earned me RM800 through just dumb luck!
Last night I went inside First World Casino to try my luck with Baccarat (Banker vs Player). I decided to go for one of those Baccarat machines since the min bet for Banker or Player was RM20. If i went to the table to gamble, min bet was RM200 which was already over my budget. Even the Big and Small casino game's min bet for either BIG or SMALL was RM100! No wonder the number of people going to Genting has dwindled significantly this year!
Anyway I wanted to try out the 1-3-2-6 Baccarat Strategy I read online. I decided that the maximum money I could afford to lose was RM160 and so I put in RM160 notes into that machine. Now that machine had 2 baccarat games on screen (one left and the other right, split into half), each being separate baccarat games with one running only after the other has ended. So I tapped the "RM10" coin, and then tapped on BANKER on the left split screen TWICE. The machine's screen then enlarged and focused on that game that I tapped on; during which the countdown timer was near to zero.
It took me awhile to realize that the screen was showing RM100 on TIE and not RM20 on BANKER!!! I thought i was seeing things and also maybe I wasn't successful in placing the bet. How could it be RM100 and not on BANKER, I thought to myself. Then I looked at my remaining credits, and instead of RM160, it was showing RM60!!! I realized I somehow placed RM100 bet on the wrong option which was TIE and I tried tapping the STOP button frantically, hoping to cancel that bet! IT WAS TOO LATE and the playing cards were slowly placed on both the BANKER and PLAYER sides! I thought to myself "I AM SO SCREWED! RM100 BYE BYE!!! ARGH T.T" and hoped that maybe.....just maybe ,,,there was a chance for a TIE....but I knew the chance of that happening was very slim!
HOWEVER.... to my huge relief, it turned out to be a TIE! The machine then dropped me a message on screen that I won RM900!!!! Thats actually RM900 - RM100 (my bet wager) and so I actually won RM800! I rubbed my eyes as I just couldn't believe my super dumb LUCK! I sat there for awhile, still trying to digest what just happened...with that being my first game. After a few mins sitting there, I decided to cash out!
Not something I will easily forget ! And highly unlikely it will ever happen again!
Anyway last night in Genting, i managed to win some good money! Throughout my 3D2N stay in Genting Highlands, I only played once and that one time earned me RM800 through just dumb luck!
Last night I went inside First World Casino to try my luck with Baccarat (Banker vs Player). I decided to go for one of those Baccarat machines since the min bet for Banker or Player was RM20. If i went to the table to gamble, min bet was RM200 which was already over my budget. Even the Big and Small casino game's min bet for either BIG or SMALL was RM100! No wonder the number of people going to Genting has dwindled significantly this year!
Anyway I wanted to try out the 1-3-2-6 Baccarat Strategy I read online. I decided that the maximum money I could afford to lose was RM160 and so I put in RM160 notes into that machine. Now that machine had 2 baccarat games on screen (one left and the other right, split into half), each being separate baccarat games with one running only after the other has ended. So I tapped the "RM10" coin, and then tapped on BANKER on the left split screen TWICE. The machine's screen then enlarged and focused on that game that I tapped on; during which the countdown timer was near to zero.
It took me awhile to realize that the screen was showing RM100 on TIE and not RM20 on BANKER!!! I thought i was seeing things and also maybe I wasn't successful in placing the bet. How could it be RM100 and not on BANKER, I thought to myself. Then I looked at my remaining credits, and instead of RM160, it was showing RM60!!! I realized I somehow placed RM100 bet on the wrong option which was TIE and I tried tapping the STOP button frantically, hoping to cancel that bet! IT WAS TOO LATE and the playing cards were slowly placed on both the BANKER and PLAYER sides! I thought to myself "I AM SO SCREWED! RM100 BYE BYE!!! ARGH T.T" and hoped that maybe.....just maybe ,,,there was a chance for a TIE....but I knew the chance of that happening was very slim!
HOWEVER.... to my huge relief, it turned out to be a TIE! The machine then dropped me a message on screen that I won RM900!!!! Thats actually RM900 - RM100 (my bet wager) and so I actually won RM800! I rubbed my eyes as I just couldn't believe my super dumb LUCK! I sat there for awhile, still trying to digest what just happened...with that being my first game. After a few mins sitting there, I decided to cash out!
Not something I will easily forget ! And highly unlikely it will ever happen again!
Sunday, July 12, 2015
Budget way Getting To Mines Wonderland and MIECC via train (pictures and directions)
I went to NAC (National Achievers Congress) 2015 last weekend at MINES International Exhibition Convention Centre (MIECC). The first day i drove my car to get there but the following 2 days I decided to take the train to instead. I took the KTM train to the KTM Serdang station and it was about 10 minutes walk to get to MINES. The path was abit tricky and I managed to get there using trial and error. Here's the direction to get to MINES from the KTM station :-
Picture: Serdang KTM station. Taken from atop of the pedestrian bridge
After exiting the KTM station, you will face the main highway. You will need to get cross this highway. On your right there is an overhead pedestrian bridge. Use that to cross the bridge to the other side.
Picture: Overhead pedestrian bridge. Here you can have a good view of the highway below.
After crossing the road and at the end of this bridge, you should see a 7-11 on the way there. On the left, there's a bus stop area with taxis waiting for customers.
You should see a tall white building in front of you. That's the high-rise condominium called The Heritage Residence. Walk all the way to the end. You will need to enter this condominium compound.
After crossing the bridge, turn left and walk straight but lean more towards your right.
Walk all the way straight until the end, You see a pathway into the condomium on your right. Turn right and go inside here.
Just walk all the way to the end of this pathway, inside the condominium building.
Walk all the way straight to a dead end with a small river stream right in front of you. Look towards your left and you see 2 tunnels. Walk into this tunnel.
Picture: Inside the Mines Shopping Mall/
To get to MIECC, I actually took the escalator up to the 4th floor and then walked to the other end and looked for a directional sign to get to MIECC. There was a bookshop (Chapter One) nearby the hidden walkway into MIECC.
Picture: Serdang KTM station. Taken from atop of the pedestrian bridge
After exiting the KTM station, you will face the main highway. You will need to get cross this highway. On your right there is an overhead pedestrian bridge. Use that to cross the bridge to the other side.
After crossing the road and at the end of this bridge, you should see a 7-11 on the way there. On the left, there's a bus stop area with taxis waiting for customers.
Turn to you right and cross the road. Walk straight up (passing 7-11 and KK Mart on your right) and you will come across a junction. Turn right.
You should see a tall white building in front of you. That's the high-rise condominium called The Heritage Residence. Walk all the way to the end. You will need to enter this condominium compound.
Cross this wooden bridge to get into the condominium compound.
After crossing the bridge, turn left and walk straight but lean more towards your right.
Walk all the way straight until the end, You see a pathway into the condomium on your right. Turn right and go inside here.
Just walk all the way to the end of this pathway, inside the condominium building.
Walk all the way straight to a dead end with a small river stream right in front of you. Look towards your left and you see 2 tunnels. Walk into this tunnel.
After exiting this tunnel, The Mines shopping mall will be right in front of you.
To get to MIECC, I actually took the escalator up to the 4th floor and then walked to the other end and looked for a directional sign to get to MIECC. There was a bookshop (Chapter One) nearby the hidden walkway into MIECC.
Wednesday, March 4, 2015
Advice on Investment for Beginners
I was just browsing the forum.lowyat.net and noticed this thread asking how to invest for newbies. i find this useful and worth posting. All credits dont go to me but to the sifus who posted in that thread:
Here's the link:
https://forum.lowyat.net/topic/3493626
Here's a summary :-
---------------------------------------------
By Mr Looi:-
Having cash is important.
Don't feel like you need to "invest" the spare funds. It is important to have cash for emergencies and also for unforeseeable needs. Most people feel they need to invest the funds into something to earn money on their cash. Don't get sucked into this trap. Many people don't have more than 1month of cash saved for emergencies, you should have 6-12 months worth to be safe.
Another added benefit of having cash in your emergency funds as well as in your investment portfolio is that you can use it for opportunities when they resent themselves. For instance, I'm sure many people (in hindsight of course) would love to have had a lot of cash available to invest in the spring of 2009. Try to think long term with your investments and don;t worry about day to day movements. Look at the big picture. When opportunities present themselves, and they will, you will be ready to make better investments.
I hope you found this helpful
Kirk Chisholm
Kirk is a Financial Advisor. He helps clients build, manage, and preserve wealth, manage investments and save for retirement
Before thinking about investing, are you aggressive, balanced or conservative?
It is not only important to understand the risks of the investments you are looking at, but also to understand your personal risk appetite. Sometimes, it is not a matter of what kind of risks you want to take, but a matter of what kind of risks you can take given the circumstances that you are currently in. And the best way to do it is to assess your actual experience in investing.
For instance, you might have thought that you are an aggressive investor who can cope with a high level of risk based on the results of the risk profiling test. However, in practice, if you find that you always panic too soon every time the market dips, and get overly euphoric and pump in more money whenever markets are on a roll, then high-risk investments are not so suitable for you because they are likely to cause you to lose money.
http://www.fundsupermart.com.my/main/research/viewHTML.tpl?articleNo=2266
Determining Your Risk Level
There are a lot of 'Risk Tolerance' measures out there which ask you a bunch of questions, and then tells you your risk profile. Most of the time, they pretty much tell you what you already know. Most of us have a good sense of the kind of risk we can stomach so we don't really need a test to tell us that.
What you might not be aware of, however, is that your life situation might demand that you take on specific levels of risk, no matter what your risk appetite might be. It is not a matter of what kind of risks you want to take, it's a matter of what kind of risks you can take given the circumstances that you are in.
http://www.fundsupermart.com.my/main/school/investing.svdo?PageID=3
Different investments. Different levels of risk.
Before we start, what is your attitude to risk?
http://www.eastspringinvestments.com.my/downloads/20120210103535_KnowledgeTree-Easy%20Guide%20to%20Risk%20(English).pdf
_______________________________________________________________________________
By 3ternity for life
The question when it comes to investing is not just about what options are there, it should be what is the most suitable for you. There are a few things you must take into consideration before you invest :
1) Risk Tolerance - sifu looi pretty much had this covered.
- Something I would like to point out is that if you are young, you can afford to take more risk (smart calculated risk on proper investment though) as market balances out in the long-term and you are more likely to make profit in long-term investment especially in stocks and unit trust. You just need patience.
2) Active or passive investment?
- Determine how much time and effort you are willing to go for your investment. If you have the patience and the willingness to learn in investment, you should either go for stocks, forex or commodities. Bear in mind that all these investments are very risky and you should be prepare to lose all your capital. Start small so you can take time to learn about the market. You can start with blue chip stocks first if you are cautious in investing in stocks.
- If you are going for passive investment you can either go for ETF, unit trust, private managed account (PMA), WRAP account and many more managed-type services. Bear in mind that passive investment is suitable if you are busy with your career, does not have the time/drive to put the effort to learn more on investment or you have a specific return that you wanted to achieve which seems hard/risky to reach with your current experience. Passive investment would also result in you paying for sales charge and annual management fee but in return, you get a more secure form of investment as your portfolio is managed by investment professionals.
3) Diversify or focus?
- There are two types of diversification, first in diversifying in terms of market, second in terms of types of investment.
- When investing, you should always try to diversify your investment portfolio across different market, some in property stocks, some in finance, some in manufacturing, some in agriculture. This is in order to make your portfolio more resilient from industry based crisis such as the declining of oil and gas prices nowadays. It is even better to diversify your investment to different market globally such as in US, China, Asia-pacific, etc. Unit trust would be the easiest tool to achieve such diversification though.
- Focusing on one type of investment is more common for most people as it allows you to master that investment tool such as only in stocks (like Warren Buffet), and etc. Some people fully focus on property (like Donald Trump) while some others only in commodities like gold. Diversifying yourself on multiple types of investment is not a bad idea but it would require extensive effort. Keep yourself close with people whom you know are experienced in specific types of investments as this is the fastest way for you to learn while still making profit.
4) What's your objective?
- An important question where most people forget. What do you expect to achieve from this investment as different objectives have different investment tools and strategies.
- If you expect to save up enough money to buy property in 10 years for example or investment that focus on a specific future goal usage, go for a dividend income equity fund that focus on specific target returns per year (there are a few funds I can think off from this) which is less volatile than high return funds like small-cap. Bond funds, fixed deposit is also an option based on your risk tolerance.
- If your goal is just capital appreciation then you can go for high yielding investment tool but only invest on the amount you are willing to lose. You can also invest on specific funds like small-cap funds, developing market funds and etc which also gives high return but with lower risk of losing your whole capital.
- If your goal is just to hedge inflation, you can either go for fixed deposit, bonds, bond funds, fixed income funds(most suck though), ASB or tabung haji savings.
- If you have multiple goals which I am sure most people do, just divide a specific percentage of your portfolio for specific usage. For example 30% of your portfolio for capital appreciation, 60% for specific financial goal investment(like 5 year investment for a car, 10 year for a house, 30 year for retirement, etc2) while 10% just to hedge inflation.
_________________________________________________________________
Here's the link:
https://forum.lowyat.net/topic/3493626
Here's a summary :-
---------------------------------------------
By Mr Looi:-
Having cash is important.
Don't feel like you need to "invest" the spare funds. It is important to have cash for emergencies and also for unforeseeable needs. Most people feel they need to invest the funds into something to earn money on their cash. Don't get sucked into this trap. Many people don't have more than 1month of cash saved for emergencies, you should have 6-12 months worth to be safe.
Another added benefit of having cash in your emergency funds as well as in your investment portfolio is that you can use it for opportunities when they resent themselves. For instance, I'm sure many people (in hindsight of course) would love to have had a lot of cash available to invest in the spring of 2009. Try to think long term with your investments and don;t worry about day to day movements. Look at the big picture. When opportunities present themselves, and they will, you will be ready to make better investments.
I hope you found this helpful
Kirk Chisholm
Kirk is a Financial Advisor. He helps clients build, manage, and preserve wealth, manage investments and save for retirement
Before thinking about investing, are you aggressive, balanced or conservative?
It is not only important to understand the risks of the investments you are looking at, but also to understand your personal risk appetite. Sometimes, it is not a matter of what kind of risks you want to take, but a matter of what kind of risks you can take given the circumstances that you are currently in. And the best way to do it is to assess your actual experience in investing.
For instance, you might have thought that you are an aggressive investor who can cope with a high level of risk based on the results of the risk profiling test. However, in practice, if you find that you always panic too soon every time the market dips, and get overly euphoric and pump in more money whenever markets are on a roll, then high-risk investments are not so suitable for you because they are likely to cause you to lose money.
http://www.fundsupermart.com.my/main/research/viewHTML.tpl?articleNo=2266
Determining Your Risk Level
There are a lot of 'Risk Tolerance' measures out there which ask you a bunch of questions, and then tells you your risk profile. Most of the time, they pretty much tell you what you already know. Most of us have a good sense of the kind of risk we can stomach so we don't really need a test to tell us that.
What you might not be aware of, however, is that your life situation might demand that you take on specific levels of risk, no matter what your risk appetite might be. It is not a matter of what kind of risks you want to take, it's a matter of what kind of risks you can take given the circumstances that you are in.
http://www.fundsupermart.com.my/main/school/investing.svdo?PageID=3
Different investments. Different levels of risk.
Before we start, what is your attitude to risk?
http://www.eastspringinvestments.com.my/downloads/20120210103535_KnowledgeTree-Easy%20Guide%20to%20Risk%20(English).pdf
_______________________________________________________________________________
By 3ternity for life
The question when it comes to investing is not just about what options are there, it should be what is the most suitable for you. There are a few things you must take into consideration before you invest :
1) Risk Tolerance - sifu looi pretty much had this covered.
- Something I would like to point out is that if you are young, you can afford to take more risk (smart calculated risk on proper investment though) as market balances out in the long-term and you are more likely to make profit in long-term investment especially in stocks and unit trust. You just need patience.
2) Active or passive investment?
- Determine how much time and effort you are willing to go for your investment. If you have the patience and the willingness to learn in investment, you should either go for stocks, forex or commodities. Bear in mind that all these investments are very risky and you should be prepare to lose all your capital. Start small so you can take time to learn about the market. You can start with blue chip stocks first if you are cautious in investing in stocks.
- If you are going for passive investment you can either go for ETF, unit trust, private managed account (PMA), WRAP account and many more managed-type services. Bear in mind that passive investment is suitable if you are busy with your career, does not have the time/drive to put the effort to learn more on investment or you have a specific return that you wanted to achieve which seems hard/risky to reach with your current experience. Passive investment would also result in you paying for sales charge and annual management fee but in return, you get a more secure form of investment as your portfolio is managed by investment professionals.
3) Diversify or focus?
- There are two types of diversification, first in diversifying in terms of market, second in terms of types of investment.
- When investing, you should always try to diversify your investment portfolio across different market, some in property stocks, some in finance, some in manufacturing, some in agriculture. This is in order to make your portfolio more resilient from industry based crisis such as the declining of oil and gas prices nowadays. It is even better to diversify your investment to different market globally such as in US, China, Asia-pacific, etc. Unit trust would be the easiest tool to achieve such diversification though.
- Focusing on one type of investment is more common for most people as it allows you to master that investment tool such as only in stocks (like Warren Buffet), and etc. Some people fully focus on property (like Donald Trump) while some others only in commodities like gold. Diversifying yourself on multiple types of investment is not a bad idea but it would require extensive effort. Keep yourself close with people whom you know are experienced in specific types of investments as this is the fastest way for you to learn while still making profit.
4) What's your objective?
- An important question where most people forget. What do you expect to achieve from this investment as different objectives have different investment tools and strategies.
- If you expect to save up enough money to buy property in 10 years for example or investment that focus on a specific future goal usage, go for a dividend income equity fund that focus on specific target returns per year (there are a few funds I can think off from this) which is less volatile than high return funds like small-cap. Bond funds, fixed deposit is also an option based on your risk tolerance.
- If your goal is just capital appreciation then you can go for high yielding investment tool but only invest on the amount you are willing to lose. You can also invest on specific funds like small-cap funds, developing market funds and etc which also gives high return but with lower risk of losing your whole capital.
- If your goal is just to hedge inflation, you can either go for fixed deposit, bonds, bond funds, fixed income funds(most suck though), ASB or tabung haji savings.
- If you have multiple goals which I am sure most people do, just divide a specific percentage of your portfolio for specific usage. For example 30% of your portfolio for capital appreciation, 60% for specific financial goal investment(like 5 year investment for a car, 10 year for a house, 30 year for retirement, etc2) while 10% just to hedge inflation.
_________________________________________________________________
Monday, December 8, 2014
My friend Angie shared with me this nice article which i find interesting. About Henry Ford and his wise ways and methods that helped to define him as one of the most successful man in history
Source:
http://www.inc.com/peter-economy/the-remarkably-enduring-wisdom-of-henry-ford.html
Source:
http://www.inc.com/peter-economy/the-remarkably-enduring-wisdom-of-henry-ford.html
We all know that Henry Ford--the founder of the Ford Motor Company--was a remarkable leader, entrepreneur, and inventor. Not only did he invent the modern assembly line for building cars, but he earned more than 100 patents and he made car ownership--and the freedom to travel that came along with it--affordable for millions of Americans.
I was recently looking up a quotation attributed to Henry Ford, and I was surprised to see just how much of his wisdom has made its way into the common language of business today. Here are some of my favorites.
- Before everything else, getting ready is the secret of success.
- It has been my observation that most people get ahead during the time that others waste.
- Don't find fault, find a remedy.
- A business that makes nothing but money is a poor business.
- The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed.
- Failure is simply the opportunity to begin again, this time more intelligently.
- Whether you believe you can do a thing or not, you are right.
- There are no big problems, there are just a lot of little problems.
- If there is any one secret of success, it lies in the ability to get the other person's point of view and see things from that person's angle as well as from your own.
- A market is never saturated with a good product, but it is very quickly saturated with a bad one.
- An idealist is a person who helps other people to be prosperous.
- There is joy in work. There is no happiness except in the realization that we have accomplished something.
- There is no man living that can not do more than he thinks he can.
- Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young.
- I cannot discover that anyone knows enough to say definitely what is and what is not possible.
- Wealth, like happiness, is never attained when sought after directly. It comes as a by-product of providing a useful service.
- Coming together is a beginning; keeping together is progress; working together is success.
- Life is a series of experiences, each one of which makes us bigger, even though sometimes it is hard to realize this. For the world was built to develop character, and we must learn that the setbacks and grieves which we endure help us in our marching onward.
- Thinking is the hardest work there is, which is probably the reason why so few engage in it.
- There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.
- You can't build a reputation on what you are going to do.
Wonder stuff. Thanks to Angie!
Keeping my Mind and Choices Open
I had a nice and good discussion with my good friend Ghim over my difficulty in finding the right partner. After he analyzed my past experiences with previous failed dates and why it's so hard for me to find the right one, he gave me one advice. Be Open. Don't think too much,
He's right about that. That is truly something I have to change with my current mindset. Try not to over complicate matters but to stay open to new ideas and new opportunities especially when it comes to dealing with the opposite gender. It's definitely the best advice anyone has ever given me for a long time :D
He's right about that. That is truly something I have to change with my current mindset. Try not to over complicate matters but to stay open to new ideas and new opportunities especially when it comes to dealing with the opposite gender. It's definitely the best advice anyone has ever given me for a long time :D
Sunday, September 7, 2014
6 packs!!! Thats my AIM!
I was having a casual conversation with my pal Telkor Lee on Whatsapp today. Besides talking about this book he was reading called 'Into the Silence', he shared me another thing which I've decided to make my long term goal a reality.
He told me that a survey was made on what type of muscle that attracts women the most. No its not big arms and big chest (sorry Arnold wannabes). About 90% of the women chose:
6 PACKS ABS muscle!!!
This is a revelation and a reminder to me that I "MUST" achieve 6 packs abs. Ofcourse to do that, I will need to start dieting, do more cardio to burn the fat. My Fat % level currently hovers around 16-20% (last measurement was 17%++ last week). Not sure on the % level i need to be at to make my 6 packs abs visible. Currenly skinny fat, so I will aim to achieve my 6 packs before going to Yunnan next year for the dangerous trekking along Tiger Leaping Gorge!!!!!!
Wish Me Luck. Will update this post on my blog when I've got 6 packs!!!
Will look at this picture to motivate myself and make it a reality!!.
He told me that a survey was made on what type of muscle that attracts women the most. No its not big arms and big chest (sorry Arnold wannabes). About 90% of the women chose:
6 PACKS ABS muscle!!!
This is a revelation and a reminder to me that I "MUST" achieve 6 packs abs. Ofcourse to do that, I will need to start dieting, do more cardio to burn the fat. My Fat % level currently hovers around 16-20% (last measurement was 17%++ last week). Not sure on the % level i need to be at to make my 6 packs abs visible. Currenly skinny fat, so I will aim to achieve my 6 packs before going to Yunnan next year for the dangerous trekking along Tiger Leaping Gorge!!!!!!
Wish Me Luck. Will update this post on my blog when I've got 6 packs!!!
Will look at this picture to motivate myself and make it a reality!!.
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