STI and HSI

This is for self reference only.Below shows the STI index. Poised for a retracement. Possible entry points, 166X, 163X there abouts. I like the 166X support level, as it is the gap support, near to ema 50d support and a trend line coming from June/July last year (touching jan high this year). Could be significant.The chart below is for HSI. Same pattern as ST...

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The mathematics of effort and results

If you start to value your time, you'll realise that being a perfectionist is a very silly thing to do. Why is that so? Effort is not equal to results. In life, I've seen countless examples of people who seemingly put in minimum effort but reaped maximum benefits. This is also known as working smart, not working hard.I can't agree more.While showering, I've derived the mathematics of effort and results. It is actually an exponential graph (I'll...

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Sunday's rambling

I browsed through Sunday Times today and noticed that there is an article on the low rate of interest provided by financial institutions in Singapore recently, presumably due to the plunging SIBOR rate, again presumably because the world's central banks are cutting their rates to boost the economy.It's interesting that every politician have a fetish for growth. It's quite impossible to generate growth forever you know. Imagine that a hypothetical...

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An epilogue

Today, a pet chinchilla passed away.In its short life span, it had brought many joys. I asked my gf if she will still have the chinchilla, knowing that it will die at this particular day in advance. She said yes - the joys of having it is so much more than the sorrow that it brings her and so it's worth it.Life is fragile. It pays well to reflect on who you've been neglecting as you hurdle over life's daily struggle.Rest in peace, little one, for you'll be in raisin-land with all the other chinchilla...

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Sick of s-shares

Do you know what s-shares stand for?S-shares stands for stupid shares. Actually they are Singapore listed, China-based companies. What have they done to incur the wrath of investors locally? Let's trace it...1. All began with Ferrochina. The details are hazy, but it goes more or less like this: Debtors force ferrochina to repay their short term debts, and nobody wants to lend ferrochina money to tide them over. Company declared bankrupt, and shareholders...

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Budgeting for the near future

I was trying to determine the big ticket cash outflow in the near future over the weekend. The 3 biggest ticket items are car, property and wedding. I roughly know the first two and set budget for them already, so I need to estimate how much I have to cough out for the wedding.I started by writing down the names of the guests I wish to invite for the dinner. At last count, there are around 85 people, with maybe another 40 more coming from friends of both parents. This works out to be 125 guests to be invited, or assuming a table capacity of 10...

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