Saturday, February 25, 2017

The Rise And All Of Leicester City In The EPL (Guest Post)

I predicted before the start of the season that Leicester would get relegated before they ever won the EPL again but I didn’t expect my prediction to come true so quickly. Leicester have all always been a bit of a yo-yo club but at least this time when they go down, the can say they won the EPL, something only 5 other clubs have done. Whatever Leicester players achieve in the rest of their careers, they'll never top last season. All the energy was put into winning the title last season and there's no fight or hunger left anymore. Changing manager would help but it would be a difficult and harsh decision considering what Ranieri achieved last season.

Though all the signs are there, Leicester are yet to be officially relegated. Many people on online betting facebook pages are predicting Leicester to go down but are they making the right assumption? Leicester still has some very good players at the club and the club doesn’t currently sit in the bottom 3 so basically everything is still in its hands. Add to this the fact that the club has still got fixtures against teams below it in the table including games against Sunderland, Bournemouth, Palace, and Hull. The flip side is that Leicester has Arsenal, Everton, Man City, and West Ham away plus home ties against Liverpool and Spurs. The aforementioned clubs are either fighting for the title or CL/Europa places so I don’t expect Leicester to pick many points from the games mentioned above. Nonetheless, the club has enough opportunities to take points off relegation rivals so if I was a Leicester fan I would't be throwing the towel in just yet.

Contrary to what many people are saying, I do consider Ranieri worthy of the credit and praise he got for Leicester winning the EPL last season. Ranieri did an amazing job last season. He did a great job of building on Learson’s success. He made Leicester tactically brilliant and took them to their first ever EPL title. For that, he will always be a legend. What is happening this year is a shame but you cannot put all the blame for it on the manager. Many people have contributed to the debacle and there is a collective responsibility. Also, it is apparent that there is something the players aren’t happy about. As they’ve already given their backing to the manager, the problem is probably with game prep or wages. This clearly points to one thing: the owners and not the manager are responsible for Leicester’s fall from greatness this season.

Last season, Ranieri took over the team and managed it well but his real test was this season. Though he tried everything in his locker, Ranieri couldn’t prevent Leicester from hovering just above the relegation zone for the majority of the current season. The good thing is that Leicester’s fall from grace and abysmal performance will be quickly forgotten if Ranieri manages to save the club from relegation.

Friday, February 17, 2017

Bid Farewell To UMS Temporarily

This is will be a rather short post. 

Finally, made my first transaction in 2017 yesterday. I have decided to release all my UMS shares at 70 cents yesterday. In fact, UMS is one of my best performing stock so far (about 27% capital yield, excluding dividend). 

The reason for my selling? Because it has met my threshold and its P/BV (Price over Book Value) is at a higher side now (at 1.55). 

I strongly believed that I will get back into it again in the near future as the business is still in good shape and the dividend yield (8.8%) remains tempting. UMS has been paying me 6 cents annually for the past 2 years.

Are you vested in UMS? If yes, are you considering realizing some profits from the recent price hike too? 

Cheers!

Monday, February 6, 2017

Ladies have Earrings And Gentlemen Have Cufflinks (Guest Post)

When come to fashionable accessories, ladies have the the upper hand as compared to gentlemen. Of course, nowadays there are many accessories which are unisex, like wristband, necklace and even earrings, especially for the youngsters. 

If you asked me, one of the more masculine and yet fashionable accessories is cufflinks. My first encounter with cufflinks was during my engagement ceremony umpteen years ago (> 15 years). In fact, that was the first time I get to know that there is such a miniature functional thing in the world and I wore it during my engagement ceremony for the first time. Yeah, I got to admit that fashion is not my cup of tea then, in fact, even till now :-) 

I remember during that time, online shopping is unheard of and we got to go around a couple of big departmental stores to look for the right design that match my shirt/coat. 

Nowadays, you can get your favorite cufflinks at the comfort of your own home and get it delivered to your door step within the same day (free of charge). One of the local online stores providing such specific service is Eminence Cufflinks

There are plenty of designs to choose from and one of my favorite is called Heterodoxe, a mini-watch movement mechanism (industrialist steampunk theme) with a balance wheel that oscillates when wound. It is suitable for business-wear as well as casual occasion.   

Heterodoxe cufflink 1
Heterodoxe cufflink 2
Oh yeah, Valentine's Day is just around the corner, for ladies, maybe you can consider getting cufflinks as the Valentine's Day gift for your man.      

Cheers!

Saturday, February 4, 2017

Brief Take Away from My Recent Eastern Europe Trip

I am back and HAPPY CHINESE NEW YEAR to everyone!

Time flies, just back from my 10 days trip to Eastern Europe, covering 5 countries (Germany, Poland, Czech Republic, Hungary and Austria) and brief stop over at Slovakia for lunch. So, theoretically should be covering 6 countries. :-)

It is winter at Europe and our first time experiencing the brain-freezing, limbs numbing sub-zero temperature (the lowest was -8%), which is no fun if you are outdoor for an extended hours. Overall, it was a great experience and we (me and my wife) thoroughly enjoyed the trip.

There are a few take-away from this trip which I would like to share here...

1. Always do homework before the trip, even though it is a group tour. Just like in investment, even though you are going to invest in some unit trusts or ETF (which are supposed to be "managed" by the pros), you still need to do some homework about what you are getting yourself into or finding out something that you can't do without (e.g. minimum dividend yield). For our trip, I did an extensive research for the pre-paid data plan(s) and I think I managed to get a really value-for-money deal (in my opinion) from our very own provider, Changi Recommends.

It's called "Pay As You Go" from three.co.uk @ SGD 48 (with 4 GB data and validity period of 30 days, upon activation. The best part is that it is covering almost all the European countries, including UK). My tour manager told me that it is not advisable to get it from Europe as usually their plan only restricted to one or few countries only. Highly recommended if you need to be in always-connected mode. Note: most hotels and restaurants in European countries do have wifi service but the network stability is of no guarantee.    


2. Always get yourself covered! I am referring to the Travel Insurance here. Even though I didn't make any claim out of this trip (touch wood) but there was a pick pocket incident happened to one of our travel mate. A police report was made and hope he can get some compensation from his Travel Insurance. For Travel Insurance needs, I usually go to gobear.com.sg  

3. Most important thing to do during travelling is to ENJOY ourselves. For long-haul group tour, usually there will be few optional tours (i.e. we need to fork out additional $ for the tours). For example, in our case, there is an optional tour to the Wieliczka Salt Mine (one of the UNESCO site) at Krakow, Poland @ Euro 55 per person. Prior to the trip, we already made some research (related to item #1) and decided to go for this must-visit place of interest and we all did! It was a great experience walking down (via wooden staircase) 320+ meters underground, witnessing the marvelous salt sculptures as well as tasting the really salty stream. We thoroughly enjoyed it. 

Wieliczka Salt Mine
Wieliczka Salt Mine
Wieliczka Salt Mine
  
4. Keep an open mind. You may be surprise at the inferior level of customer service at some of the European countries, and many of the servicing staff at the shops or malls cannot converse well in English. So, just need to be patience, speak slowly and open your ear big big :-)

Cheers!

Saturday, January 21, 2017

Money Is A Story....

Seth Godin
I am currently in the midst of reading a gigantic book called "Tools Of Titans" (from Tim Ferriss, the famous author that brought us 4-hour workweek in 2007).  Effectively, it is a compilation of key takeaways from his previous interviews/podcasts with the hundreds of successful heavyweights over the world, including Tony Robbins, Arnold Schwarzenegger, Seth Godin, Jamie Foxx, Peter Thiel and many many more... 

Tim cleverly categorized zillions of gems into three key segments : HEALTHY, WEALTHY and WISE. I am still at page 587 of 1,596 of the ebook and it just happens to be the interview of one of my favorite author : Seth Godin (he maintained a blog with daily nuggets of meaningful post, check it out here). So, the title of this blog post is not from me, it was actually from Seth Godin (under the WEALTHY segment). The complete sentence (extracted from the book, Tools Of Titans) is as follows:

"Money is a story... And it's better to tell a story about money you're happy with" 

I like it because it's kind of abstract (from the first sight) but when you think deeper, it's kind of true too. The way I interpret it is : money can be a friend or foe, depending on how we manage it (or it manages us in some situation), we should always aim to share an happy story about money (whatever it is to you).   

How do you interpret this...?

Cheers!

Wednesday, January 18, 2017

Infographic - All You Need To Know About HDB Loan And Bank Loan (Guest Post)

Buying a HDB flat for the first time can be an intimidating experience. It’s probably the first big ticket purchase in your life that will take the next couple of decades to pay off, so you’d definitely want to rake in as much savings as you can.

Perhaps you have not really thought about what kind of loan to take up. If you don’t already know, you have a choice between taking up a HDB or bank loan, as long as you are eligible for them.

You might want to hold on to your cash and pay off your home loans using your CPF, but did you know that taking up a bank loan allows you to pay less interest? This is because bank interest rates are lower as compared to the CPF Ordinary Account (OA) interest rate which home loans are pegged to.

And while the down payment required to take up a bank loan may be higher – at 20%, with at least 5% paid in cash as compared to 10% with a HDB loan, fully payable with your CPF –you get to enjoy greater flexibility in retaining your savings in your CPF OA. Conversely, upon the collection of keys to your new home, HDB will wipe out your CPF OA balance to reduce the loan quantum required for you to service.

In the following infographic, we run through the main factors to consider while taking up a home loan for your HDB flat, and the main differences between taking up a HDB loan and a bank loan.

To find out more about taking up a bank loan vs. a HDB loan, refer to our full guide at Ultimate Guide On Singapore Home Loan

This is a guest post from Redbrick Mortgage Advisory.

The team at Redbrick Mortgage Advisory has more than 60 years of banking experience and is proficient in structuring and sourcing for the best financing terms for both residential and commercial real estate in Singapore, Malaysia, USA, UK, Japan, Thailand and Australia.

Saturday, January 14, 2017

What This GHOST Tought Me About Investing?

No, I am not talking about the famous 1990 Ghost movie by Patrick Swayze and Demi Moore!

No, I am also not talking about any ghosts in the Ghostbusters movies.

In fact, I am not even talking about any ghost from any of the Hong Kong movies/series. 

What I am referring to is an old Korean TV drama series called Ghost (or Phantom). It was released in 2012 (5 years ago) and is not an horror genre. It is a detective drama revolved around a team of cyber unit (computer forensics unit) with intriguing and twisting plots. Personally, I am not a K-drama fan and in fact this is the only K-drama that I managed to complete the whole series.

So, what have I learnt from this K-drama series that I am trying to relate to investing (stock in general)?

Here we go.....

1. The way I chanced upon this K-drama series?
As I mentioned earlier, I am not a K-drama fan, so how did I chance upon this K-drama series and got hooked ever since? It all started with a fantastic and superbly acted horror movie called "The Wailing" (2016) which I watched on the New Year Day. The superb performance of the main actor (Kwak Do-Won) immediately caught my eyes and after a brief "research" on his previous works, it lead me to this gem (Ghost), of which he won the best supporting actor in one of the Korea Drama Awards. As they said, the rest is history.
The Wailing - If you are an horror movie fan, you got to watch this!!!
If you think about it, it kind of resemblance on how many retail investors chanced upon a gem stock (value buy) in the massive sea of stocks. Usually, it started with one company that lead us to yet another some-how related company(ies) that we found value in. For example, you might be invested in Company A and satisfied with its performance (value), after reading through their Annual Reports and related market news, it might leads you to dig deeper into its partners, suppliers or even key customers, of which, some of them might just be another gem.

So, keep digging (researching) as there are always gems waiting to be uncovered. 

2. The Plot
One of the reason that I managed to complete the whole series in (my) record time (20 episodes in 1.5 weeks) is because of its intriguing plots and twists. In one episode, you might thought that the Good is winning the "race", next, they are at wits' end (fighting for their lives). The key? Both are constantly digging out/uncovering the new (or hidden) trace of information and made quick and informed decision/action out of it. The good vs evils continue to outwit each others numerous times throughout the show.

Of course, at the end, the good wins but it is a hell of the ride.

Ain't stock market work the same? At one point, your counter(s) might be shooting up the roof with better-than-expected business results etc, next, they are tumbling down because of the weak micro-economic news (or whatever). The Ups and Downs will continue regardless of how hard you evaluate the counters. Having said that, it is important to constantly making use of the new set of information like the quarterly business results, pertinent micro-economic news etc.. to make decisive decision whether to continue to hold, add or release. 

Of course, we are not in the TV series setting whereby the good always win but with that momentum, I am sure we will have a better chance in winning. In any case, we can't win all the time!      

Have you seen any good movie/series recently that set you thinking?

Cheers!

Saturday, January 7, 2017

January Is A Busy Month For Me!

January, new year resolution
For the past few years, January seems to be my travelling month and there is no difference for this year. Will be heading to Eastern Europe during Chinese New Year period. So, yes, I will be away from the blogsphere during this period :-)

So, spending quite a fair bit of time sourcing for the right tour package since mid-December 2016 (finally decided to go with Chan Brothers), sourcing/buying the winter clothing (just attended the tour briefing yesterday, January will be the coldest month in Europe), sourcing for the travel insurance etc.. Talking about travel insurance, will be getting it from GoBear as I have good experience in buying much cheaper travel insurance from the site previously. 

So, yes, January will be a busy month for me to accumulate more life experience, I noticed that the more years I've lived (i.e. the more "senior" I am), I am more willing to spend [time and money] on new life experiences (like getting to know new friends, doing/learning something new, travelling etc...) than materials stuff (like new clothing, new gadgets etc...). 

Directly or indirectly, it also means that I will have low or no action in the stock market this month, it's not like I have plenty of action in other months, in the first place :-) For those who are deploying your cash recently, hope you have a huatful year, so far, it is a good start for most of the counters in the first week of 2017. 

Lastly, just like to end this post with the following inspirational quote (from web) : 
Inspirational Quote
Inspirational Quote (from web)
Cheers!

Monday, January 2, 2017

My "Rojak" Sharing #1 in 2017

Time fly, we are already at the second day of 2017, in less than one month's time, we will be celebrating the Chinese New Year (CNY), the Year Of Rooster. I will be travelling oversea during this year's CNY and looking forward to the upcoming group tour (it has been a while since our last group tour to US many years back). 

As I always said, life is not always about money or investment alone, so, I decided to start a regular sharing of anything under the sun that I chanced upon and find it interesting to share. I called it Rojak Sharing. Why rojak? Because it is really rojak (Malay word for mixture of stuff) :-) 

On high level, I will start my first Rojak serving (I means sharing) with the following "fruits" :

1. The Movie - Being a movie buff, how can I not share some good movie that I've just watched? Chinese there is a saying : 独乐乐不如众乐乐! (loosely translated into : instead of enjoying myself alone, it is better off to be enjoyed together with others) 

2. The Facebook Page - Facebook, being the hottest social media at the moment, there are plenty of good stuff (mostly informative and entertaining) we can get freely from there. So, why not?  

3. The Site - I will share any website or blog that I find worth my time and "got liao" (with good content).

4. The Kang Tao (Hokkien  word for hot tips) - Any tip that I can find online or offline...

The Movie :
Finally! I managed to watch one of the highly acclaimed Korean horror movie of 2016, The Wailing (哭声). It worth every second of my time.

It is suspenseful! It is intense! It did everything right for an horror movie. All the casts are excellence in their performance too.

It is a movie with most ambiguous ending but with a purpose. I am sure you will be cracking your head after the ending credits and trying to find clue to decipher the movie i.e. is he a good guy? Is there really ghost or demon? 

If you like Asian horror movie and missed this movie for whatever reason, don't miss it again!
The Wailing (Korean Movie)


The Facebook Page:
Many motivational or entrepreneur gurus like to ask his/her followers to THINK BIG! Today, I am going to share an Facebook Page called BIG THINK. There are regular sharing of insights by the popular/famous authors/entrepreneurs/thinkers..It will really open your mind...

  
The Site:
James Altucher, the author/podcaster/entrepreneur/investor that I get to know only recently, after a fellow blogger friend introduced a book by him to me, Choose Yourself. I've completed the book and continue to read his follow-up book entitled, Choose Yourself Guide To Wealth. His perspective is really out of the box and mostly sharing of his personal experience. You might not buy all his ideas but some of them like Ideas Machine, Idea Sex (nothing sexual) and Daily Practice are pretty cool!

The reason why I recommend his site (James Altucher) is because there are regular podcast series with the other famous authors/entrepreneurs like Dan Ariely (author of many popular books, like Predictably Irrational, The (Honest) Truth About Dishonesty), Scott Adams (creator of Dilbert comic) etc... lot's of insights again.

The Kang Tao:
I used to make monthly remittance to my Malaysia credit card via a remittance house and being charged $10 for the remittance fee. Recently, I got to know that they are no longer making remittance to Malaysia bank and hence I need to look for other sources. That's where I found DBS Remit service with $0 transfer fee to 9 countries (Malaysia is one of it! Yeay).

The best part is, I can make the transfer at the convenient of my home or office via the Internet Banking and the money is remitted on the same day. And the best best part is that for the time being, you can do it with $0 transfer fee (not sure how long the free transfer will last but I managed to take the opportunity and made the first transfer successfully).

For more details, you can check out DBS Remit here.

That's all from me today!

Hope you enjoy my rojak and wish all my readers have a great 2017 ahead!

Cheers!

Wednesday, December 28, 2016

Your Options For Funeral Insurance (Guest Post)

Most people do not want to start on the topic of reviewing their options for Funeral Insurance. The good news is that it is not as daunting as so many make it seem. In fact, many people enjoy comparison shopping when it comes to insurance policies.

Funeral insurance costs are designed to cover all the expenses of your funeral. The thing about some plans is that when you subscribe to these, you end up paying more in premium payments. Some of the risks associated with these include:

  • Premiums that can be fixed or increased every year which vary according to your gender and certain habits, such as smoking and drinking.
  • When premiums are not fixed, you won’t know how much the amount rises in the years to come. This can be tricky, especially if you like to plan your cash flow ahead of time.
  • If you do the math, you will find that premiums can actually add up to around four times the real cost of the funeral.
  • Probably the worst thing about these policies is that as soon as you stop paying, the amount that you did put into the policy is no longer there for you to claim and neither is the insurance coverage on any partial level.
Fortunately, there are other suitable options that you can go for, such as life insurance policies, funeral bonds, and pre-paid funeral plan solutions. 

Funeral Bonds
Funeral bonds are offered by friendly societies and life insurance companies. They require you to make a lump-sum payment and pay in installments. The money is then invested and can be used to cover for a funeral. The bond can either be in one person’s name or a joint agreement between two people. With a joint plan, the benefit is paid at the time of the death of the first owner.

Life Insurance
There is a great alternative to getting yourself a feasible funeral plan; plain old life insurance! Life insurance works as a standalone policy as well as a superannuation fund. The amount that is covered does not only include insurance for funeral costs, but also results in a payout for the people close to you, especially those who rely on you.

Pre-paid Plans
The pre-paid option covers either part or all of your funeral expenses. Usually, this is done at current prices. The services that you pay for are covered at the time of death no matter how much the plan costs at that particular time. 

There are plenty of ways you can pre-pay for your funeral through these plans. You can go for Small Contributory Funds where you make regular, small payments. The Pre-Purchases Plan is where you pay for a cemetery plot, the wall niche and the spot in the memorial ground. You pay for the entire funeral in the Pre-paid Funeral Policies. You can even make a deposit to pay installments over time. However, it should be noted that not all services offer a refund when you decide to cancel.

Wednesday, December 21, 2016

How Is My Minion Portfolio Doing In 2016?

Time flies, we are one-and-a-half week away to bid farewell to 2016, most people are starting to recap/review their hits and misses in 2016 and making resolution for 2017 and beyond.

So, I would like to take this opportunity to recap my portfolio's performance in 2016. Even though there are still a couple more days to go but since my transaction volume is usually low and bearing in mind of my minion portfolio size, I don't expect it will change much during these few days.

Here goes the summary of my portfolio (status as at 21/12/2016):

Current Portfolio:
Total Invested Capital                                 : SGD 47,060 (from 9 counters)
Total Current Market Price                         : SGD 39.,460
Dividend Collected                                     : SGD 4,160
Unrealized Gain/Loss (Exclude Dividend) : -SGD 7,600 [-16%] 
Unrealized Gain/Loss (Include Dividend)  : -SGD 3,440 [-7%]


Realized Gain so far (include Dividend) : SGD 570

As you can see, I am still paying my "school fee" (i.e. making a loss :-)). Two of the main contributors are EV Energy, my only US stock which is related to O&G industry and King Wan. Also, through this short investing journey of mine, I've further confirmed (stamped and double chopped) that I am not good (or should I said not enjoying) interpreting/digesting the numbers. Not sure how many retail investors are like me but you know you are not enjoying it (the number crunching) when you tends to procrastinate it and don't have the sense of satisfaction. 

Having said that, it doesn't mean that I will stop investing or totally ignore the Fundamental Analysis, just that going forward I might not spend too much time in crunching the numbers, or I might start to learn some basic Technical Analysis to supplement my investment decision. Something for me to ponder in 2017 and beyond...

Cheers!

Thursday, December 15, 2016

From Fourth Telco To Fed Rate Hike - Exciting December

Exciting week! 

Exciting December!

While many of us are busy planning/clearing our leaves in the year end as well as cracking our head on what Christmas presents to buy, just within the span of one week, we've two major announcements (even though mostly anticipated, but still) smacked right on our face. I am sure at least one of the announcement has direct impact to what you are investing or about to invest.   

First, the announcement of the fourth telco in Singapore. Finally, it was officially awarded by Infocomm Media Development Authority (IMDA) to TPG Telecom (Australia). It made the winning bid of S$105 million for the spectrum on offer. For more details, check our the article from Channel News Asia. 

If you are currently holding or looking at the existing telcos (Singtel, Starhub or M1), what would you do now? Personally, I have some odd lots of Singtel and am looking into adding some during these few days. Failed to get it at $3.70 today and will try my luck again tomorrow, before the XD on 19/12/2016.

Secondly, the anticipated Fed Rate hike is REAL now! Finally, the central bank raised its key short-term rate to a range of 0.5%-0.75% from 0.25% to 0.5%. If the report is true, more rates hike is expected in 2017. 

The impact? The more obvious ones might be the stronger greenback, weaker gold and oil price and the performance of REITS (negatively). Certain industries will feel more heat than the others. In any case, my move is no move at the moment or like the saying in Chinese,  静观其变.

Cheers!

Wednesday, December 7, 2016

Are You Happier In Saving Extra $X OR Earning Extra $X?

There is a saying (from personal finance perspective) : "How much you earned is not the key, the key is how much you've saved"!  

Do you buy it?

Of course, again, there is no right or wrong answer to this but more of a personal viewpoint.

Having said that, I think it is beneficial for us to identify our own preference so that we can focus on the action that will make us happier. Hence, the purpose of this post :

"Are you happier in savings extra $X OR earning extra $X?"

Example:
Assuming all things being equal, you can either :
A) Save extra $1,000 per month  OR
B) Earn extra $1,000 per month

Which option (A or B) will make you happier?

Conditions:
1. For Option (A), you need to find way to cut-down your expenses in order to save the extra $1,000 ;
2. For Option (B), you need to find way to earn the extra $1,000 and can save or spend all or part of the extra money you've earned, it's up to you.
3. For Option (B), it can be passive or active income but try not to be restricted to the income from investment only
4. In measuring your happiness, please exclude the potential accumulated net-worth as one of the criteria, otherwise, Option (A) will have unwarranted advantage over Option (B).

Personally, I used to be more inclined to (A) but have since moving towards (B) nowadays. My rationale: Option (A) is limited to how much (expenses) you can cut while Option (B) has limitless upside AND opportunities to create multiple income streams (passive or active) is much more promising nowadays.

So, will it be Option A or B (not both) for you and why?

Cheers!

Saturday, December 3, 2016

Disconnected - Another Perspective From My Boss

Recently, in one of my company section meeting, our boss shared a stack of pictures/photos (in the Powerpoint slide) revolving around the theme of DISCONNECTED (service). 

Two of the pictures shared that I can still remember:

1. At one of the cinema chain (no name will be mentioned here), long queue being formed to buy movie tickets and beverages.

2. A copy of cheque (with some highlight on the section whereby we need to write the amount in numeric as well as in word forms).

So what is the disconnectedness here? 

Let me explain (or rather recite what my boss shared with us)...

For the first photo (the queue at the cinema chain), if you noticed, nowadays most of the cinema chains allow you to buy movie tickets as well as food and beverages at the same counter (actually you have no choice). In this setting, the counter staff need to juggle between dispensing you selected movie ticket(s), getting your coke as well as packing the popcorn of your choice. Hence, don't you think it make perfect sense why the long queue is being formed? 

If you are frequent movie goers, you will know that a couple of years ago, there are separate queue for buying movie ticket and food and beverages and usually the queue is not that bad. So, why fix something that is not broken? See the disconnect here? 

As for the second photo (the cheque), I think the disconnect is kind of due to legacy but the point is why do we need to write the cheque amount in both numeric and word forms? To catch the error (for what?)? To double confirm the intended amount to be issued by the cheque issuer? 

Personally I think it is to counter fraudulent or at least minimize the risk. But is it the only way (now) and at the expense of cheque issuer (for double work)? Whatever is it, nowadays lesser people are issuing cheque but it is still a good point to ponder. 

I am sure there are many more other disconnectedness examples that we are encountering in every aspect of life but that might not be a bad thing, it just means that there are rooms for improvement. 

Come and think of it, what is the disconnect in our local equity market that you can think of? 
- The minimum share price of 20 cents that was introduced not long ago? 
- Why the IPO can only be subscribed through selected bank issuer's ATM and not all? 

What do you think?

Cheers!

Tuesday, November 29, 2016

Darkest Day For Chapecoense Football Team

Being a soccer fan, my heart sunk when I read the news about the horrifying air disaster happens today in Columbia involving the footballers from Chapecoense Soccer Team (Brazil). The crash killed 76 out of the 81 on board. Three players are among the five survivors, report said. All prayers go to the victims/survivors and their families and friends. 

For more details and update of the incident, check out the report from The Guardian.

This is Munich air disaster all over again! In case you don't know, Munich air disaster happened on 6th February 1958 and it claimed the lives of 8 players from the Manchester United team (I am a Red Devils fan).

Life is really unpredictable and usually I will quote to friends who complain or stress-up with their current situation with this : "tomorrow or death, we can't be sure which one will come first". On the same note, let's not "overly" plan for the future and forgotten (or omitted) to live life at the present, which is the only moment we are truly live!

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