tag:blogger.com,1999:blog-37872616.post6929595479667434355..comments2024-03-29T22:13:20.913+08:00Comments on BULLy the BEAR: Running yourself like a company - Balance sheetla papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-37872616.post-43997578841568236762022-03-23T23:40:09.864+08:002022-03-23T23:40:09.864+08:00We are years experienced company known and lauded ... We are years experienced company known and lauded far and wide for our highest cash for car offers, secure towing, and instant quotes. Our ultimate goal is to deliver an outstanding customer experience. And this is made possible with our specialist staff who ensure that our customers and their cash for car needs come first every time.<br /><a href="https://www.apluscarremoval.com.au/cash-for-cars-brisbane/" rel="nofollow">cash for my car today</a><br />APlus Car Removalhttps://www.blogger.com/profile/16193521545944850532noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-23788930775306857482021-05-08T19:32:50.102+08:002021-05-08T19:32:50.102+08:00Hi, I am reall glad I have found this info. Nowada...Hi, I am reall glad I have found this info. Nowadays bloggers publish just about gossips and internet and this is actually irritating. A good site with interesting content, this is what I need. Thank you for keeping this web site, I'll be visiting it. Do you do newsletters? Can not find it.<br /><a href="https://hashtagcarremoval.com.au/accident-car-removal/" rel="nofollow">accidental car removal</a><br />Hashtag Car Removalhttps://www.blogger.com/profile/09410392384231736237noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-91147889957704556572016-12-14T03:17:20.614+08:002016-12-14T03:17:20.614+08:00Hello Everybody,
My name is Mrs Sharon Sim. I live...Hello Everybody,<br />My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.<br /><br />BORROWERS APPLICATION DETAILS<br /><br /><br />1. Name Of Applicant in Full:……..<br />2. Telephone Numbers:……….<br />3. Address and Location:…….<br />4. Amount in request………..<br />5. Repayment Period:………..<br />6. Purpose Of Loan………….<br />7. country…………………<br />8. phone…………………..<br />9. occupation………………<br />10.age/sex…………………<br />11.Monthly Income…………..<br />12.Email……………..<br /><br />Regards.<br />Managements<br />Email Kindly Contact: urgentloan22@gmail.comDr Purva Piushttps://www.blogger.com/profile/05883980841903455890noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-63516253007442256892014-02-02T22:38:51.529+08:002014-02-02T22:38:51.529+08:00Hi sillyinvestor,
Thanks bro! You have a great CN...Hi sillyinvestor,<br /><br />Thanks bro! You have a great CNY ahead and wish you great health as well!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-6760520276391703152014-02-02T13:23:25.630+08:002014-02-02T13:23:25.630+08:00Hi LP,
Just thought I drop by to wish u a happy n...Hi LP,<br /><br />Just thought I drop by to wish u a happy new year! Take care, and huat in the new year!!<br /><br />Regards <br />SillyinvestorAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-88101754682011040212014-01-28T21:22:05.180+08:002014-01-28T21:22:05.180+08:00My personal balance sheet is categorized into:
Cu...My personal balance sheet is categorized into:<br /><br />Current Asset (Volatile and marked to market)<br /><br />Long-term Asset (Non-volatile)<br /><br /><br />Long-term Liabilities:<br /><br />Estimated total family expenses @3% inflation rate per year for the two persons from 2014 to 2036<br /><br />Income Statement<br /><br />Cash from Operations:<br /><br />At least 67% cash flow is coming from non-market volatile source<br /><br />Cash from Investing:<br /><br />33% or more<br /><br />LOL!CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-39691676368328729222014-01-28T20:57:22.389+08:002014-01-28T20:57:22.389+08:00What accounting standard?
This is my personal'...What accounting standard? <br />This is my personal's Asset - Liability = Nett worth.<br />As long as i ensure my asset is asset and liability is liability, my nett worth should be real. But no matter how you do it just like in a company, some items can be valued by market's estimation only. And i always prefer under estimation to be safe.<br />Anyway,<br />The moment you can be FOD, is the moment you can breath easily.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-4107194931318713322014-01-28T00:19:07.668+08:002014-01-28T00:19:07.668+08:00Hi mw,
Nonsense! The last time I heard you're...Hi mw,<br /><br />Nonsense! The last time I heard you're more Fisher than Graham! LOL!<br /><br />Sorry I didn't make it to your 'standard' accounting regulations! Better don't flaunt my accounting knowledge (or the lack of it) to an expert :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-59274863578820002252014-01-28T00:16:28.719+08:002014-01-28T00:16:28.719+08:00Hi Chin Wai,
Haha, that's exactly the thought...Hi Chin Wai,<br /><br />Haha, that's exactly the thoughts I had in mind when I wanted to do up this post! I wanted to know if our personal financial statements can pass your investment criteria in looking for a good company :) That's the sole reason why i wanted to do this series of articles :)<br /><br />For me, it's not such a trouble to do because I've been doing it for a long time. I just need to put in some fake numbers and out it comes, lolla papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-2414107766596238812014-01-28T00:14:15.321+08:002014-01-28T00:14:15.321+08:00Hi SMOL,
If you have to pay a hefty tax, it'l...Hi SMOL,<br /><br />If you have to pay a hefty tax, it'll be under expenses, so the net profit is lower :) If you want to ask for money to do it, then it's under investment, so that you can get others to pay for it ;)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-54637753407011027192014-01-28T00:09:19.920+08:002014-01-28T00:09:19.920+08:00Haha I am a numbers person ma, so first glance and...Haha I am a numbers person ma, so first glance and the numbers didn't tie. So you should segregate out the market value and loan amount separately and compute the net value of that portion (market - loan), then set that aside as an addition to the computed $100K+ to make it look clearer.<br /><br />And don't worry I will take my time to read the rest. Haha!Musicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-29341937644583391292014-01-27T23:59:29.704+08:002014-01-27T23:59:29.704+08:00Hi La Papillion,
I had similar ideas but gave up ...Hi La Papillion,<br /><br />I had similar ideas but gave up after realising there are a lot of info to extract. My idea was to fit into the usual reporting format that companies use. Glad that you came up with the post. <br /><br />After reading so many companies' financial reports to search for good stocks, it's good to know if our personal financial reports meet the criteria of good companies :)<br /><br />Rgds,<br />Chin WaiLee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-16050226785299678022014-01-27T23:58:25.921+08:002014-01-27T23:58:25.921+08:00EY and LP,
Ding-a-ling-ding-ding?
I should not h...EY and LP,<br /><br />Ding-a-ling-ding-ding?<br /><br />I should not have watched that belly-dancing show in Turkey.<br /><br />They not only shake the hips there...<br /><br />Ding-a-ling-ding-ding!<br /><br />Eh... How do you account for biological asset enhancements? Expense or investment? <br /><br />Hmm... Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-91977557917156692592014-01-27T23:41:50.879+08:002014-01-27T23:41:50.879+08:00Hi mw,
Long time no see :)
Haha, it's a ques...Hi mw,<br /><br />Long time no see :)<br /><br />Haha, it's a question begging to be asked right? The reason is that the way I calculated my networth is this:<br /><br />Net worth = All bank accounts + cash + money market funds + surrender cash value of whole life + marked to market value of stocks + scrap value of car + CPF - (car loans + credit card debts)<br /><br />I didn't include the residential property marked to market valuation, nor the loans made to buy the property. It's just my way of interpreting networth that might be different from others.<br /><br />Caught you not reading the entire post! lolla papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-8984062337424402632014-01-27T23:35:48.501+08:002014-01-27T23:35:48.501+08:00A little confused.
Your total assets are 900+k an...A little confused.<br /><br />Your total assets are 900+k and liabilities 400+k, so why is net worth only $100+k? Shouldn't it be about $500k?<br /><br />Thanks!Musicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-28773261012735611732014-01-27T23:29:12.088+08:002014-01-27T23:29:12.088+08:00Hi bro8888,
I got! It's the first of this ser...Hi bro8888,<br /><br />I got! It's the first of this series of post:<br /><br />http://bullythebear.blogspot.sg/2014/01/running-yourself-like-company-income.html<br /><br />I personally think income statement/cashflow is more important than balance sheet.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-3337085357991908442014-01-27T23:16:14.960+08:002014-01-27T23:16:14.960+08:00Don't forget to construct Income Statement.Don't forget to construct Income Statement.CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-23281486038476081842014-01-27T22:50:25.034+08:002014-01-27T22:50:25.034+08:00Hi EY,
LOL, I totally get you - I can also imagin...Hi EY,<br /><br />LOL, I totally get you - I can also imagine what he'll say haha! <br /><br />Hmm, watches can also go into higher value right? Those investment quality type, of course :) I know good wine from certain vintage will fetch higher and higher prices down the road :) Whether to include them, or mark down a certain discount from their market price depends on the individual. I always say, as long as it makes sense :)<br /><br />Balance sheet don't change that often, I think it's still okay :) Glad to have inspired you to do it!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-63059956619133950032014-01-27T20:43:02.320+08:002014-01-27T20:43:02.320+08:00Hi LP,
Biological assets...makes me think of the ...Hi LP,<br /><br />Biological assets...makes me think of the kind of cheeky comments SMOL would relate to. =.="<br /><br />I recall when I learnt accounting, 'Goodwill' was also included in the computation of assets when valuing a company. Usually it can inflate the book value quite substantially. I know this is a bit out of topic. Just a thought that sprung up. :)<br /><br />For my personal balance sheet, I included my watches as well. Some people may have painting collections or some other stuff that could sell for money. Guess that could go into the Current Assets. But of course 'assets' like watches have to be realistically priced. They lose some 50% or more of its value once they are pre-owned. So to make our balance sheet more realistic, it might not be a bad idea to exclude these. Afterall, we shouldn't give ourselves a false sense of security. So even though I have them in the balance sheet, I would take the amount off when I compute my current ratio.<br /><br />Frankly, I haven't updated my balance sheet for a few years now. Your post has inspired me to pick it up again. Thanks! :D<br /><br />Cheers,<br />EndreneEYhttps://www.blogger.com/profile/07808509235536260830noreply@blogger.com