Today, as I was waiting to go into the MRT train, a person of European/American origin ( Caucasian) who was behind me overtook me to rush into the train first when the door just opened.
I was shocked because of 3 reasons:
1) It was at 2pm (non-peak hours on a weekday), so only a few people are this door. What is the rush about?
2) European or American origin people are said to be more cultured
3) I nearly bumped into him as he rushed for the gold (no gold la!) inside the train.
This is in sharp contrast to the Australian who queues up patiently when going up a public bus. I can hardly believe my eyes when this happened just now.
Tuesday, January 15, 2013
Never beat yourself up
Today, I am reminded of the times when my advice to family on property or stock investments turned out to be unwise later on. For example, in year 2011, I advised my mum to sell her HDB flat (rented out) as I feel the property price is high. This turned out to be an unwise move because of the new HDB ruling which forbade private property owners to buy HDB flat. Whenever I feel down over these mistakes, I am reminded of Peter Lynch words of wisdom- 6 out of 10 is what you can call a great investment record. Never beat yourself up over investment mistakes or wrong advice given.
At the minimum, I got 6 out of 10 in my investment track record. At least, the rights have been much more than the wrongs. At least, it was a right call to urge my sister to buy a condominium in year 2005. At least it was the best decision to exhort my mum to buy SGX stocks in year 2003.
In my opinion, the gains have far exceeded the loss which is justified.
At the minimum, I got 6 out of 10 in my investment track record. At least, the rights have been much more than the wrongs. At least, it was a right call to urge my sister to buy a condominium in year 2005. At least it was the best decision to exhort my mum to buy SGX stocks in year 2003.
In my opinion, the gains have far exceeded the loss which is justified.
Tuesday, January 8, 2013
A client many years ago
I remember a client while I was selling life insurance many years ago. He was a professional engineer with Singapore Power earning $150,000 per annum in his late 40s. In his portfolio, I understand that he has a cash savings of $200,000, CPF savings of $150,000. In my opinion, he is cash rich, income rich but asset poor.
Instead of cash rich, I hope I can load up my ship with good quality asset rather than cash. I am waiting patiently and faithfully for that day to come.
Instead of cash rich, I hope I can load up my ship with good quality asset rather than cash. I am waiting patiently and faithfully for that day to come.
Subscribe to:
Posts (Atom)