Wednesday, 18 October 2017

Richdad's cashflow game

My friend introduced me to the richdad's cashflow game which can be played online for free (click here to play). I think it's a great beginner learning tool to introduce kids to the concepts of cashflow and investing.

Takeaways from the game

  1. Clear your debts first

  2. You don't have to act on every opportunity

  3. Calculate the yield % on investments that give passive income before investing

  4. Investing needs both element of skills and luck

  5. Buy low, sell high (patience, patience... duh)

  6. More money = more investment opportunities = higher returns

  7. Life likes to throw you the unexpected when you least expect it

  8. Even if you have achieved financial freedom, you might not necessarily get to achieve your dream


Friday, 13 October 2017

Don't know when to sell in a bull market?

“Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”

- Sir John Templeton

Saturday, 7 October 2017

Blockchain: Massively Simplified

All that hype about bitcoins and block-chain led me to wonder what am I missing out here.
Ok... so bitcoin is a cryptocurrency (with no practical usage at this point in time but price is inflating like mad balloon??). Then what is blockchain about?

Just wondering - if blockchain one day became hackable, wouldn't that spell hell?

ADVANC's intention to acquire stake in Singtel

Did I read wrong?

"Advanced Info Service Public Company Limited (SET:ADVANC) signed a non-binding and conditional letter of intent to acquire 56.2% stake in Singapore Telecommunications Limited (SGX:Z74) from Singapore Telecommunications Limited (SGX:Z74) and DTV Service Company Limited for THB 2.6 billion on September 5, 2017. The shares will be acquired at a preliminary indicative price of THB 7.8 per share which is subject to further negotiations and/or due diligence. The transaction is subject to satisfaction in the due diligence result, approval from the Board of Directors and the approval from the shareholders of Advanced Info Service Public Company Limited, Thaicom Public Company Limited and Singapore Telecommunication Limited"
[Source: SGX]

2.6 billion (2600 millions) THB is only about SGD 106 millions.

I wonder how they came up and justify with such low figure in the letter of intent for acquisition. Or maybe there's some missing link here?

The "chionging" bull

S&P500 now at 254.

Chiong, chiong, chiong. Good for those who bought and huat, huat, huat.

STI now at 3291.
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