New year's eve, I'm back home at 9 pm already. Let all the hot gals and hunks cheong their heads off while I'm back home, nice and comfy typing an article. Haha, getting old I suppose, but I never really like the crowds and the cacophony that follows in such a countdown event. If you spot me in such events, most likely you've got the wrong person.
As I was walking home, I was thinking about the problems related to using dividend yielding stocks as a passive stream of income.
These are the things I think are worth thinking about:
1. Longevity...
Thursday, December 31, 2009
Friday, December 25, 2009
Christmas day's reflections
The more I stay in the market, the more I realised that being calm and steady is the only way to win consistently. I've dealt with higher volatile instruments before and the conclusion is that you don't want to be too happy when you win and too sad when you lose. In the short run, what you see is the variability of your system, not the returns. A short run of good wins will be interrupted by a short run of bad losses.Since today is Hohoho day, I use the opportunity to hammer in some reminders for myself with regards to my love-hate-relationship...
Friday, December 18, 2009
A friend and his guru friends
I heard this story from a friend of a friend. He was walking along Raffles city, on the way to run some errand when his broker texted him, saying that NOL is a good buy because of some news or some reports. Whether it's actual news or just rumors is not important, it's sufficient to know that there are some catalyst to trigger the price and he promptly told his broker to buy 10 lots of it.After he crossed a road, he met his friend, who is known...
Sunday, December 13, 2009
An uncertain world and its asymmetrical payoffs
I read a silly post about critical illness. That person commented that there's no need to get critical illness coverage because the probability of claiming such things are very low, to the tune of 5% during their working life. A hospitalization and surgery plan (H&S) is enough. I disagree fully with the comment that having a low probability of claim means that there is no need to cover for it. I shall not comment on whether a H&S plan is...
Monday, December 07, 2009
The blind men and the elephant
This is probably one of the strongest post I'd made on the TA vs FA topic. If you feel offended, I'm sorry.When I started out in the market, I had no clues what is FA (fundamental analysis) and TA (technical analysis). I basically just buy based on broker's reports and hearsay. I remember scanning through CNA forum everyday to pick out those hot counters that people are punting on. Eventually I noticed that the top 30 volume in sgx are these weird...
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