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Looking Back at 2008 and Moving Forward to 2009!

December 27th, 2008 by Wai Loong (8 Comments)

Year 2008 is almost coming to an end (or have already ended by the time you read this!)!  I would love to take this precious opportunity to thank all my valued readers, friends and acquaintances for their invaluable support and insights!  Without you all, my learning progress may not have grown so fast and far!

Truth to be told, most folks never really take a serious thought what they have done, and more importantly, what they have not done in the year that is to be expiring (or have whichever point in time you’re reading this).  Even then, only a very small percentage of those who did so do not pen it down… or rather blog about it.  After all, we’ve advanced quite a bit technologically have we?  So there’s no excuse for not doing so…

Whichever is convenient for you, do keep a record of all your achievements for the year.  It’s your own report card – something only you along can create and review over if you’re serious about your own life.  Some areas of my life which I focused on  (I conveniently take them from my coach) are as follows:

  1. Business (career etc)
  2. Finances (relations with money etc)
  3. Relationships (family, relatives, friends, enemies etc)
  4. Life (spiritual development in general)

For me, it has been a very really fruitful year!  I have set out with an intention to attract an amazing amount of learning in many areas of my life, especially on core competencies such as managing my own finances and take charge of my own investments… and I’m happy and blessed to report that I’ve progressed quite a fair bit!

I know what you’re thinking about…

Most people by this time may have been completely wiped out financially as the major tsunami has finally crashed onto the shores of our economies.  And if you believe me, I have seen this coming at the beginning of the year and it is very obvious that the coming year will be an extremely tough year for businesses.  Many folks will be retrenched, more will have their pay cut or reduced, and many will witness their bonuses evaporated.

Many have asked, “Is there light at the end of the tunnel?

My simply answer, “Definitely YES!“.

Financial disasters are excellent wealth creators and if you have been working smart (and not hard) by equipping plug yourself into the necessary networks, up your financial knowledge and boost your emotional intelligence by going against the fears of the herd (majority), you will be like me to emerge with for financial abundance when the tide goes down in the coming years!

Of course, financial success does not comes without a lot of environmental support and spiritual growth.  It is naive to pretend otherwise because the laws of the universe simply works that way.  Your inner mind and your outer environment is extremely crucial and it shapes your very present moment.  If you’re broke, it’s because your inner mind (or financial blueprint) has been subconsciously conditioned for financial failures.  Your environment is most likely non-supporting too; it drains you off your precious time and mental energy, resulting with very little time you can spare to concentrate on improving your own finances.

If you’re not so sure what I’m talking about, allow me to share my learning and may you be inspired too!

January-February 2008

I began the year with a very humble beginning thinking how I can contribute back my time and energy for the community.  A rare chance came along for me to join some like-minded friends to give out food to lonely and elderly folks in Chinatown.  Although I didn’t know most of them, it dawn on me that it wasn’t really important after all because our common objectives were met.

Very few Singaporeans actually know that there are many unfortunate old folks who are living very much alone in the heart of the buzz of Chinese New year… commonly known as Chinatown.  Most Singaporeans only know Chinatown as a modernized shopping spot for the Chinese festive season.

Most of these folks live in a block of over 30 levels of single room HDB flat just next to the much elaborated Fuo Ya Si (Buddha’s Tooth) Temple.  It sounds very ironic isn’t it but this is the sad truth in life.  If you take the life up to the 15th (mid-way) level and check out its surroundings, you can quickly contrast the bright afternoon sun ray with the extremely dark corridors where hundreds of old folks live behind closed doors – some of them alone and no more relatives in Singapore.

It saddens me that some of these old folks have quite a number of children.  Unfortunately, most of them have decided to abandon them for their own families and careers outside the country.  The only consolation part is that there are often volunteers who come along to help distribute food and living necessities to them, and some even help out in some cleaning and mopping.

Having experienced the short trip and still being able to reply much of the memory till today has been a great blessing for me.  So while you’re struggling on to provide for your own family, do remember to spare some thoughts how you may end up be lonely and need someone else to take care of you when you’re too old or unable to feed yourself.

Owning one of these little digital gadgets has been one of my desires and I am finally blessed to be able to own one myself!  It’s a little hard to justify a $500++ gadget unless I can convince myself to put it to good use.  Now that I know how to work out the compounding mathematics, it turn out that this device will cost me $4231 if the money were to be put to compound 15% for 15 years!

9 months later, I have been enjoying this valuable gadget… something that can help me review lots of memorable moments, pictures and videos.  It certainly did add a lot more excitement and colours to my family and friends!

So was it worth $4000++ future money?

As the saying goes, there are some things money can’t buy!  🙂

March 2008

March was both a shock and a surprise for me.  It never occur to me that on my birthday, my father was admitted to the hospital for mild stroke!  Life is simply unpredictable.  Suddenly, I realize that our bodies are so fragile… and that our time on this little planet is so limited!  Even my elder brother admitted that his health has not been so good after years of hard work in the insurance business.  The money is good but one is trading health for wealth.  Is our time and wealth all that is worth?  It makes me contemplate deeply…

Waiting at the A&E (accident and emergency) at Changi General Hospital is one unpleasant experience.  You can witness all sorts of people who can carried in on stretchers for all sorts of reasons.  There was even one military escort case for a handcuffed detainee.

For the whole day, I was not quite sure what to expect… and it seems to me that the only thing I could do was to stay with my father.  Fortunately, the doctor finally declare that the stroke was not deadly and my father could recover well with proper medication for mild diabetes coupled with physiotherapy.

Through this incidence, I came to realized that now I am a lot more closer to both my father and my elder brother… especially my brother; for he is rarely at home.  Having a dialog with him in a month is most certainly a rare opportunity these days!

Do you have a very similar situation like mine?

Perhaps, constant in-depth communication with your family is the single most important aspect of your relationships.  I vividly remembered the wise words from my coach: “When the dialogue is stopped, the relationship is over.”  How beautifully phrased can that be!  If only more folks can appreciate the depth and wisdom behind that statement!

I’ve finally gotten a glimpse of what it feels like when I was introduced to the concept of investing in commercial real estate.  If you were like me who have never understand what various forms of investment is all about, much less about understanding the risks involved in each type of asset classes, you’ll be amazed at how much I have learned this year alone!

To most investors and speculators, real estate is commonly viewed as owning a piece of land, residential property, REITs or Royalty Trusts.  If invested wisely, real estate investment can generate substantial cashflow periodically along with possible capital gain if the property market is in your favor.

Unfortunately, Singapore’s property market is on the downturn since the beginning of the year and it is likely to hit its low soon.  Thus, many investors start to look for real estate opportunities such as those in Canada, USA, UK, Malaysia and even Thailand.  In my case, I was looking at fundamentally strong economics of oil, gas and tourism industry of Canada, in particular to the state of Alberta, Calgary.

As in any form of investment, liquidity and foreign exchange are one of the highest type of risks one can be exposed to.  It seems strange for me to get started but I guess one has to get take the first step after evaluating all the evidences of sound investment principles.  After all, I can either end up as a sucker or winning reasonably well.

So far, the rental income from that investment had increased in despite the severe decline of the US housing markets.  As of last week, I have received a 3% bonus and tax-free passive income.  The first rental income, as I was informed earlier, will be scheduled for payment in April 2009.  This is the first passive income stream that I’ve built this year.  🙂

April 2008

One of most memorable speech I’ve heard this year comes from the famous founder of Apple Computer and Pixar Animation Studio in a graduating message to MBA graduates of Stanford University.

If you’ve noticed many of my previous posts, I’ve sign off using the tag “Stay Hungry, Stay Foolish”.  This is a really awesome statement when applied to your own life.

Stay hungry, stay foolish!

I met Adam Khoo in a workshop last year and I quickly felt very blessed to learn from him.  Interestingly, I’ve gotten another chance this year to learn from some of his best trainers for the cooperate world!

Many folks are not well exposed to the styles of coaching in this part of the world, therefore some students may find the course pretty uncomfortable or unable to appreciate the depth of experiences that were shared.

In fact, the trainers gave a lot of insights on what our economy is heading and how one should develop certain competencies to engage the coming challenges.  I can tell that possibilities are boundless, and it’s only possible if one is constantly ready to challenge oneself, adapt quickly and embrace changes.

This is an obviously a new paradigm but it seems strange that most people are not ready for it yet.  The challenges of our generation (Gen Y) is facing an increasingly complex environment that demands us to handle a lot of information.   Information is useless until we make sense out of them, or find important meaning behind them.  This implies that thinking, understanding, imagination and creativity is absolutely necessary.  Finally, the ultimate purpose of these constant exercise is to find clarity.  Without clarity and purpose in what we are doing, there is no way we achieve what our mind set out to do.

It was a simple course, but there are profound messages embedded behind it.

May-June 2008

I started taking health supplements again after a 3-year break.  Looking back, it seems that I have already survived 6 months later!  🙂

Combining with a special breathing exercise, I feel myself a lot healthier.  In fact, I have not been sick, not even once since the day I took the special supplements.  However, I still feel tired and very soon, I discovered that it is due to insufficient sleep.  With some good recommendations from a close friend, I have been sleeping before, on and around mid-night.

So whenever possible, I force myself to get to bed as early as possible (preferably before mid-night).  This practice also force me to concentrate only on the important tasks at hand and help me focus and get things done very efficiently.

On 25th November, I took a comprehensive health screening exercise (DaySpring Wellness) and received a scientific “report card” over my health conditions.  I am blessed to discover that all areas of the test appear to be normal and some even optimal.  However, I believe that my HDL and LDL cholesterol level can be further improve upon.

With this purpose in mind, and for a new commitment in year 2009, I intend to take on more natural vegetarian food as often as situation allows, and reduce on meat consumption.

Why Go Vegetarian?

Perhaps, you may not see the benefits I’ve seen recently in a series of videos.  Humans are not designed to eat meat.  By eating meat, we humans have created scarcity in food and create more hunger and poverty in 3rd world countries.  Furthermore, if vegetarian food is taken correctly, there are perfectly no health issues.  Personally, I am a bit “Kiasu” (a Singapore Slang – it means not to loose out) in nutrition and I will continue to take health supplements, solely for health insurance.  🙂

If you’re so blessed like me, you are most welcomed to view the following short videos to learn all about going vegetarian – the whys:

A seed for a better world (让世界更美好的善种子) Part #1

A seed for a better world (让世界更美好的善种子) Part #2

A seed for a better world (让世界更美好的善种子) Part #3

A seed for a better world (让世界更美好的善种子) Part #4

A seed for a better world (让世界更美好的善种子) Part #5

A seed for a better world (让世界更美好的善种子) Part #6

Watch all 6 Parts Here!

A New Mobile Gadget For Me!

I’m a pretty frugal person.  Since graduation, I have never paid more than $50 for a mobile phone.  Interestingly, I caught a good deal this year in a StarHub roadshow this year.  This deal comes perfectly timely as my Nokia 6610 batteries are starting to fail quickly and IDA recently announced the freedom in mobile number retaining when customers port between Telco service providers.

Without a shadow of a doubt, I switched over to StarHub on a 24 months contract, paying $48 for the cool Nokia E51 security sensitive device!  Along with it comes a 6 months free subscription, rendering the service an 18-months deal.

It’s a no-brainier deal to a value buyer (Ha!  Speaking of value investing!).

July 2008

  • Millionaire Investor Program –
    Perhaps The Only Course in Asia for Investing the Warrent Buffett’s Way!

July is a life changing month for me…

I have been studying diligently about investing in common stocks, attending free seminars so far but I have yet to make any progress in action.  As the saying goes, “Knowledge without Application is Lame”.  Indeed, no amount of books will prepare me to make any move until I discovered a very important deal in July…

I caught sight of a headline, an advertisement, in one of my private forums run by my close buddy Leroy.  It said: “Investing The Warren Buffet’s Way” or something like that.  It was a preview seminar to teach people how to evaluate businesses using Buffett and his teacher, Benjamin Graham, methodology.

I am not an idiot or newbie to this industry… that such preview seminars are out to sell you something by giving you an idea, or something free so as to entice you to sign up for a course.  Also, I am no new comer to the legendary value investor, Warren Buffett and his teacher Graham.  I have personally read his original publication, “The Intelligent Investor” and I’ve always found it inspiring if his methodology can be applied equally in this part of the world.

I invited a few guys to join me on this seminar, but only my colleague CY was interested.

Being a skeptic of scams myself, I still keep an open mind throughout the presentation and understood all the marketing gimmicks presented.  I was ready to shut off my mind when one benevolent presenter went on stage and presented a little game… and this game changed my perspective and understanding immediately!

I thought I was able to understand financial statements after all the reading I had been doing.  The game instantly revealed my deficiencies in understanding various aspects of the financial of any company.  The game had only 4 listed companies, yet I was unable to pick the only winner in the list.

I was no dummy.  I knew from the bottom of my heart that this knowledge and experience in refining this skill alone and itself will put me way ahead of most speculators, traders and so call professionals and analysists in the markets.

Unfortunately, there was one problem – the course fee started out pretty steep – $4,995!

I knew I had to pass this one off, but deep down inside me, I knew its value.  Price is merely a concept of money.  Value is what you can get out of it perpetually for the rest of my life.  I knew that if I had to pay that figure, I would… but my trained skeptical protection immediately kick in and warn me – “Not so fast baby!“.

And true enough, all sort of marketing gimmicks were thrown in… but I was not moved.  I gave myself a target price to pay for the value of the course.  Nothing more than $x,xxx.  Eventually, the price fell below my target price and I gave myself the green light.  I’m already sold on to the course at a huge discount!  It’s a steal – I know it intuitively!  🙂

It’s still above 3 figures, but I’m not a newbie to paying for something valuable, especially for my own personal improvement that is invaluable for life.  Most people cannot understand beyond this and that is why most people struggle in life.  They failed to identify value and grab opportunities when the price is right.  I must warn you that there are plenty of opportunities around you everyday.  Unless you’re trained to see them, there is no way to know, much less take advantage of them!

That’s it!  I was glad to locked in at a very low price what others are still willing to pay about 2x more than I paid for at the time I’m writing this.  I suspect that there is a huge demand for this kind of course, and much more as economic cycles gets shorter and shorter.  It’s really easy to become really rich if you follow through at least 2 bear markets as it is happening right now.  Maybe by the time you read this, the course fee might have skyrocketed back to $4,995 AND without all the bonuses and access to our private mastermind group.

If you are interested to find out more, you are most welcome to send me a comment for more information.  There are no obgligations to take this course, but somwhat, I would like as few people to know about it as possible… ahh… my small self is kicking me again!  Well, let’s just let nature discover you then!  There is no enlightened wealth if folks are not convinced of the benefits.  However, I will be most blessed and grateful to share this with any willing and open individuals who are tired of trading for a living.

August 2008

Yes!  I have been doing a bit of research by now and I’ve zeroed in a few possible low cost brokers to get started and gaining ownership in my own investments!

I’ve identified CIMB-GK, Kim Eng, DBS Vickers and Philips Capital as one of the most established and lowest cost authroized brokers in Singapore.  Coincidentally, I found a $1 deal for 8 trades with CIMB and I signed up immediately!  Brokerage fees are at least $25 and this means I saved $200 already!  What a no-brainer especially for value investors!

The Invest Fair was a very good event to understand more about value investing and understanding the property market in Singapore.  It’s like a mini-crash course all in one seminar!

You can read in much more detail on the exhibition on the link above.

  • Millionaire Investor Program Batch #1

End of August was a time for me to absorb the course I’ve taken up.

After the first day, I was like slapped on the head already!  I can challenge you that I have learn more in a single day than most investment courses out there you have ever taken – in a single day!

Investment psychology is so darn important yet people fail to take notice and treat investment like a big gambling game.  You have heard of the concept of “Buy High, Sell Low” right?  It’s a no-brainer, but most people take it the opposite way!  It’s no wonder why most people in the markets are loosing money!  Their psychologies are playing against them, and I’ve read somewhere before… that extensive research have already proven this phenominal, and it’s consistent even with folks who are very high in IQ.

As legendary value investor, Warren Buffett, pointed out: “You don’t need an IQ of more than 125 to invest.  Any more higher is wasted.”

I’m beginning to realize the wisdom of his approach.  The more I keep to that practice, the more I find it intellectually profound and easy to implement as long as you keep your emotions at bay by not following the crowd.  Achieving a compounded return of 15-20%pa is possible and achievable to most retail investors!

September-October-November 2008

Millionaire Mind Intensive is a 3-days seminar over the first weekend of November.  With over 5,000 people from all over the world, folks get to experience and understand their relationships with money.  Though the seminar was heavily peppered with marketing and sales talks, careful filtration enables one to extract really valuable information that can be readily applicable in one’s financial life!

One important concept I find very applicable is the 6 financial jars.  Personally, I like the concept of “Play Jar”.  It helps relieve one from the stress of spending money, which can cause one to feel guilty when one is supposed to be investing it or saving it properly.

The 6 jars form very important money management system which most folks do not have an idea how powerful the technique is.  For me, I’ve already established my FFA, LTSS, NEC and PLAY jars.  The 2 jars remaining I have not sort out is my EDU and GIFT jar.  I am currently adjusting my GIFT jar with my time so that I can maximize them for important FFA and EDU jars.

Besides applying the 6 jars concept, I’ve gotten to experience first-hand how powerful marketers can whipped up so quickly and got so many people to pay their hard-earned money.  It’s a lot like powerful Internet marketers who can craft emotional and triggering words to entice people to buy irrationally.  Having seen all their marketing gimmicks and very little genuinety in their offers, there were very little reasons to pay them any money.  Having said that, there is but one course, “Train The Trainers”, which I think makes the most sense.  Harv himself was a clear example of applying that single skill to make a lot of money in all his seminars.

  • Millionaire Investor Program Batch #2

November was a great time to review the MIP after having seen the major market drawdowns in September and October 2008.  I was blessed to attend a complete and slightly revised MIP.  Through this review, I improved my understanding of financial reports by sharing my knowledge with my fellow graduates, as well as students of MIP #2.

You see, you cannot improve quickly unless you can share genuinely  with an open heart and mind with the intention to learn too.  And this can only be accomplished with people who are willing to reciprocate.

I was also blessed to meet many more like-minded friends whom I have increased my learning too!

  • Dividends – My First Passive Income Stream!

It’s kinda hard to imagine that I have received my very first passive income stream at the end of the month only having stayed invested for a little over 3 months!

Now, dividends are very nice cashflow to receive in times of financial meltdown.  Coupled with reinvestment and proper money management skills, it its not hard to figure out amazing compounded returns over a long time-frame when one invests in the right type of businesses.

December 2008

  • Rental Income – My Second Passive Income Stream!

On the second week of December, a 3% early bird bonus was credited into my bank account!  This cashflow is a one-time payment because I had stay invested since March this year.  Rental incomes are very exciting for me to receive when I know that I don’t have to do any more work and the cash keep coming in for as long as I hold an ownership to the property after paying off all expenses to maintain the professional management services.  It’s a small glimpse for me to be a little business owner… cool!

My first 4.5% rental income is scheduled to flow in by April next year.  It is interesting to note that by April, I will be taking time off from the market to focus on my Internet projects, and I’m still getting paid!

  • “Tuesdays With Morrie” By Mitch Albom

I was really blessed to have a chance to borrow this book from LR and have invested a few days finishing it.  Man!  I must kick myself for not taking a friend’s advice to read this book when I was introduced to it more than 3 years ago!

This is an awesomely profound and spiritual book to read in under 3 days!  I urge you to read this little novel in the light of your own spiritual practice and see if you can find deeper meaning in your life.  Some of the most beautiful quotes I’ve extracted are as follows:

  • “Once you know how to die, you know how to live.”
  • “If you can accept that you can die at any time – then you might not be as ambitious as you are.”
  • “So many people walk around with a meaningless life. They seem half asleep, even when they are busy doing things they think are important. This is because they’re chasing the wrong things. The way you get meaning into your life is to devote yourself to loving others, devote yourself to your community around you, and devote yourself to creating something that gives you purpose and meaning.”
  • “A casual stroll through the lunatic asylum shows that faith does not prove anything.”
  • “Love each other or perish.”
  • “Love is when you are as concerned about someone else’s situation as you are about your own.”
  • “Love is the only rational act.”
  • “Without love, we are birds with broken wings.”
  • “The most important thing in life is to learn how to give out love, and to let it come in…”
  • “As far as men go, it is not what they are that interests me, but what they can become.”
  • “You’re not a wave, you’re part of the ocean.”
  • “In truth, there was only one Christian, and he died on the cross.”
  • “What’s wrong with being number two?”
  • “You talk, I’ll listen.”
  • “Only an open heart will allow you to float equally between everyone.”
  • “Money is not a substitute for tenderness, and power is not a substitute for tenderness.”
  • “There is no experience like having children.”
  • “People are only mean when they’re threatened.”
  • “You see, you closed your eyes. That was the difference. Sometimes you cannot believe what you see, you have to believe what you feel. And if you are going to have other people trust you, you must feel that you can trust them too – Even when you’re in the dark. Even when you’re falling.”
  • “I see it all perfectly; there are two possible situations — one can either do this or that. My honest opinion and my friendly advice is this: do it or do not do it — you will regret both.”
  • “Dying is one thing to be sad about, living unhappily is another thing.”
  • “The sick are the greatest danger for the healthy; it is not from the strongest that harm comes to the strong, but from the weakest.”
  • “I need to respect my children worlds, or else this disease will have ruined the three of us instead of one.”
  • “The culture we have does not make people feel good about themselves. and you have to be strong enough to say if the culture doesn’t work, don’t buy it.”
  • “Why are we embarrassed by silence? What comfort do we find in all the noise?”
  • “People act as if death is contagious.”
  • “Death takes away life, not relationships.”
  • “You live on – in the hearts of everyone you have touched and nurtured while you were here.”

In fact, my buddy LR wrote a short article on his feelings and afterthoughts that moved me quite a bit.

This little book is selling in Popular Book store for as little as $16.00 ($14.40 if you use the 10% discount card) and it gives so much beauty to the meaing of our lives!

If you’ve never ponder how you are going to die, then I’m sad to affirmed that you’ve never learnt how to live.  Death is the beginning, not an end as you might have been taught incorrectly.  In fact, if you’re well versed in Buddhist teachings, death itself is not frightening.  It is when one is not prepared for it that is frightening!  Death is a natural process that cleans out the old for the new, a universal law that no man have yet breech, and cannot be breeched.  Not even great emperors, or the presidents of supernations.

If you happen to know a very famous MediaCorp artist, Zhou Chu Ming, you would have realized that he has forgotten all that is to life until he was dignosed with his terminal disease.  He has been doing financially well over the years with MediaCorp movies and all his part-time property businesses, and yet, he failed to realized the truth, even when his best friend MC King collapsed and died recently.

What do you want yourself to be remembered as when you die?

Were there anything meaningful in this world that you should be doing, you know it and you’re still not doing, however small it may be?

Give yourself a punch or a slap in the face and set a resolution to get started in year 2009!  You deserve it!

And don’t forget to grab this book and read it.  I promise that your life will become much more fulfil somehow!

  • Investing In Pure Gold!

Gold to most investors are but mysterious and elusive diversifications.  Recently, I was introduced to this concept of investing in solid pure gold, 24 Karat and 999.9 fine gold bars!

I know, this sounds very skeptical to me too…

Nevertheless, I kept an open mind and checked out the presentation.  It was nicely presented with lots of information to follow up.  The gold bars presented were real 100g gold pieces that anyone can carry around in their pockets.

I’ve verified further that each gold bars were wrapped in special pastic wraps that were supposed to be tamper protected.  Tearing open each pack will breech the security marks which nullified their certification.  Each gold bar is certified by PAMP, that is claimed to be on par with International Standards and rating as solid as gold issued by Credit Suisse, Switzerland.

Indeed, these gold bars are highly in demand world-wide and are open to investors to buy at 2% discounts.  Under the contract, you can sell them back at the end of the month for the original price you’ve paid.  That is a whopping 2% capital gain while locking down the volatility of spot gold prices for 1 solid month!

Sounds too good to be true?  I’m not sure yet but I’ll probably will not be investing in this one.  I am currently quite strapped up for cash in some solid investments and business, so I cannot commit something new yet.

However if you are interested, feel free to drop me a comment with your details and I can get back to you.

  • Onwards To Year 2009!

It’s been a long article, and I must thank you for reading my blabberings (if you have been so faithful, I thank you from the botton of my heart)!

Year 2009 is not going to be easy for most people, but with a little good planning, a little luck and some disciplines, we can expect a very wonderful year to accomplish great things for the benefit of humanity.  Do keep your comments rolling in and perhaps even to engage me intellectually too!

Stay hungry, stay foolish!

Be Blessed, Peace, Inspired & Enlightened in Year 2009!

Posted in Blogging, Buddhism, Business, Finance, Investment, Knowing13, Life, Singapore

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8 Responses:

Alexchious Chéng on December 31st, 2008 at 4:37 pm

Wow, this is a hell of a long article. It seems as if the moment I finished reading it must have been a different day from which I began. hahaa..but I like your way of reflecting. I feel it’s very good for progress to be able to look back and tell yourself, “Hey, I think I’ve come a long way. And I know I have a longer way to go.”

So anyway, here’s a happy new year to you mate! May you attain that financial freedom that you’re working towards, TEN TIMES AS FAST. hahaha…

Cheers mate!

To your success!


PS: Good luck with your recipe business. =)

Yen Thim Wai on January 1st, 2009 at 10:20 am

Happy New Year 2009

Wai Loong on January 1st, 2009 at 11:49 am

To Alex:
Hi Alex! Thanks for your kind comments! I’m just beginning and I trust I can achieve what I set out in year 2008 in the next 15-20 years.
You have a very bright future as you’re starting out so young compared to me who only got to know the importance of finance about 4 years ago; something you have at least 10 years ahead of me. Someday, I’d love to meet you personally and pass you Leroy’s copy of “Tuesdays with Morris”. It’s truly inspirational! 🙂

And To Thim Wai:
Happy New Year too! Be blessed and enlightened! 🙂

Jason Liew on January 2nd, 2009 at 11:31 pm

Hi Wai Loong,
Happy New Year and Best Wishes to u and ur loved ones! This is a great reflection of ur 2008 experience. Will u be posting a similar article on 2009 resolution? 🙂
I’m looking into investing in the stock market too and take advantage of the current downturn. Ur mention of the Millionaire Investor Program that teach how to invest Buffet style is indeed timely. Can u pls share some of the techniques they teach? My gmail address is jasonlccima. Thks.

Guess what? After our previous exchange link, my site jumped from PRn/a to PR2. It really works.

I’ve created another new blog. Let me know if u’re interested to exchange once more. Hope u have a great blogging year.

Breitling Navitimer Watch:

Wai Loong on January 3rd, 2009 at 6:42 pm

Hi Jason!

Thanks I wish that year 2009 is going to be rocking for you too as it will be for me – I know it! 🙂

Hmm… I have no intention to make any resolution. Resolutions may disappoint, as one is never certain that one can achieve it if it gets too unrealistic. What’s more important is the process as one progress over the new year, as well as how you plan it out and eventually experiences it. Forcing desired outcomes can add a lot of pressures to life and takes out the fun. The higher your expectations, the worse the disappointments may get. It’s a little philosophy that I subscribe to that allows myself to experience more happiness and health. Nothing beats happiness and health! 🙂

As for the MIP course, it is likely to be closing soon (or have closed already) and the 3rd batch is scheduled to start on 12th February 2009. The 3 full-day course fee and all the bonuses, if I remember correctly, is currently priced at $3,995. By the 4th batch comes around in June, it is likely to be at full price as I wrote on my blog – $4,995. I have a $150 voucher which you can use to offset the total course fee.

The first day of the course focus on the psychology of investing. Getting this wrong will most certainly wipe out most investors. That is why trading is so hard. The games are designed to drill the concepts deep down into you so that you’ll remember that for life! This part of the course alone, in my humble opinion, is the most invaluable part! The other days include the science and art of evaluating businesses listed here on SGX (Singapore).

What I mean by science is the screening for outstanding businesses at a glance, such as financial reports and ratios, determining intrinsic values and other very important concepts, as already detailed by Benjamin Graham. The art aspect of it covers how you screen for key managements, and also different ways to valuate a business, depending on the classifications you put the target business under, as well as considering the assumptions you make for the valuations.

You’re on PR2? That’s great! Sure, I’ll add you to my blog-roll if you don’t mind?

Have an exciting year ahead…
Good Investing & Stay Invested! 🙂

Jason Liew on January 3rd, 2009 at 11:22 pm

My resolution for last year was totally out of reach mostly due to the weakening economy. Hopefully this year will provide the opportunity to achieve that, like they say ‘better late than never’.

The MIP course price does make you think twice before enrolling. For now I think I’ll just stick to blue chips proven counters that survived the 98 crisis.

Thks for the add, I’ve linked back too. Have a great year ahead.

bryan on May 14th, 2010 at 10:55 pm

Hi Wai Loong,

I am Bryan and recently attended the MIP free seminar. Am having a dilemma now on whether i should attend the course. It would be great if i could seek your advice on this? or any other recommended courses worth attending? As i myself have recently plan to start investing in both shares and proerty if possible.

May i know how was the MIP course? Is it worth investing the time and money? Were the concepts that were being thought able to grow your money?

Your help and time is much appreciated.

Yours Sincerely,

Wai Loong on May 18th, 2010 at 12:50 am

Dear Bryan,

My humble apologies for my late reply!

MIP is perhaps the first of its kind in Singapore when I attended the very 1st time back in July 2008. Today, you will see no less than 3 other value investing partnership out there teaching the basics of value investing.

My question to you is why do you wish to seek the advise of others when you already have an answer inside you? Value investing is rarely practiced because it takes a lot of guts and patience even after you have done your homework. MIP teaches you the Science of it which you can read in most value investing books. What books cannot teach you is how to screen for them and the psychology of value investing.

Since you’re already seeking answers, you should already know the main difference between an real investor and a real speculator. Otherwise, the course will help you identify it quickly. It is possible that you will end up not applying anything you’ve learn in the course (as I’m confident that at least 50% of all students will do nothing).

So do you think it’s a waste of time and money? Absolutely not! You will discover what you should not pretend to be, just as Conrad Lim of Adam Khoo’s Learning Technologies have taught. You pay money not to lose more money if you don’t understand what investing is all about. In the end like most people, they take no further actions and stop losing money.

Hope my answer clarifies your doubt! 🙂

Greed is The Seed of Evil!
Be Blessed & @ Peace!


Wai Loong

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About Insights, Inspirations, Tranquility, Peace and Harmony

Ng Wai Loong

Wai Loong is an electronics engineer by profession. He currently resides in Singapore, a thriving hub at the heart of South-East Asia. When he is not so stress out on the computers or laboratory, he enjoys value reading, jogging at his own pace and blogging in his spare time. Other times, he likes to catch up with some close friends over a cup of latte or teh tarik. As a gift from this friend, you are invited to interact freely with him on his personal blog.

PS: May the person reading this blog transforms his/her businesses, finances, relationships and life for ALL to WIN!