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Inflation is when Pepper Lunch stops giving complimentary soup, Korean dishes stops giving complimentary kimchi side dish, McChicken goes from $2 to $2.95 and to $3.25, and a 1-meat-2-vegs cai png now costs $6.50 (cos 三层肉 is considered special @$3). 😩 My $6.50 cai png which tasted meh Paying more is the trade-off for convenience. Buying stuff to cook at home would be cheaper. However, for a single person meal, it seems a waste of time, water and electricity. Food is about the only thing that made me feel inflation is overboard as the price increases are in double digit percentage. GST is going to hike to 9% next year, it's likely that we'll see another round of staples' price hike. Yikes! Time to go JB and get my stockpile of toiletries and medications. It's frustrating that the Malaysia custom cannot process E-gate application on Fri-Sun. I shall be trying for the third time next week, keeping my fingers crossed. Thanks for reading! Get a $10 Fairprice e-v
It's been a while since I have posted weekend brain food. I have been quite out of touch with investment theories and research as I was pretty caught up with work, sports and events. This is an old draft... very old yes. My thoughts part is recent. Benjamin Graham vs. Jesse Livermore - by A Wealth of Commonsense "In chapter 8, Graham introduces the story of Mr. Market as a way to illustrate the manic behavior of investors in the short-term. Chapter 20 covers the idea of margin of safety as a way to better understand risk management. Both chapters still hold up to this day despite the fact that the book was originally published in 1949." "You can still learn from legendary investors and traders. Market history can still help give you insights into potential risks. But markets change. Investors adapt. Rules are updated. Advantages slowly get arbitraged away . Strategies that outperformed in the past don’t work as well in the future once everyone knows about them. Th
It's been almost 2 months since my mum's passing. I have not had the mood to blog as there's simply too much for me to settle - both tangible and intangible stuff. For the first month, there's like a void in my life that I couldn't get used to because I was so used to the daily routine of taking care of her. It felt like a boulder lifted off my shoulder, as I was near breaking point; but this boulder was not gone, instead it shifted to my heart. The passing was sudden but not unexpected. My mum's condition deteriorated rapidly after her last fall, which led to hospitalization, and every hospitalization made her more frail. On the last discharge she could barely sit up in bed. My mum did not leave behind a will because she did not see a need to at that time when she still had a clear state of mind. Without a will, I would need to apply for the Grant of Letters of Administration in order to administer her estates. (Note: If there's a will, one would need to
Like a twisted Pascal's wager, I would rather believe in a dead cat bounce than not - and therefore I am not buying the bounce. If it is indeed a dead cat bounce, it would means more room to fall in the coming months. If it is not a dead cat bounce, then I can congratulate myself for holding on tight to my stocks that have seen more than 20% plunges in the past couple of weeks. WILL IT BE LIKE THIS? OR THIS? Source: Investopedia --- Sequel to my previous post ... When we see dark clouds in the distance and don't act, we are plain dumb. When we are drenched, we wondered why we didn't act earlier. No one to blame. So what to do? Believe. Believe that the dark cloud will past eventually. For the younger generations, there's time on your side. It's the perfect opportunity now for you to observe and learn from any mistake. Perhaps 10 years down the road, we will look back at what we have been through and laugh at ourselves (for o
Different levels of our life and career Level 1 - Aimless You have no earthly idea what you're doing or where you're going. You have no direction. Level 2 - Stuck You can envision yourself doing better but can't seem to get out of a rut. You might work hard but experience very little progress. Level 3 - Coasting You are going through the motions. Your life is on cruise control. You do what you have to do to survive. Level 4 - Developing You are steadily growing. You've had incremental improvements over the past few years, and your relationships and career have excelled. Level 5 - Thriving You are operating in your sweet spot. You don't have to do anything. You get to do everything. Level 6 - Mastery You are doing so well that you're in a place to help others do the same. from "Leveling up" by Ryan Leak I came across the above while browsing IG and it made me reflect on how success in life and career is defined. Which level am I at now? In my early 30s
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Coming soon to you :-)
ReplyDeleteHi Uncle8888,
ReplyDeleteIndeed, this one really "take lift down". Wait for selldown pressure to ease first.