Book : How to Make a Million Slowly: My Guiding Principles from a Lifetime of Successful Investing (Financial Times Series) - Refresh!

Read? Book : How to Make a Million Slowly: My Guiding Principles from a Lifetime of Successful Investing (Financial Times Series)

Read? As Retail Investor; The Only Reason Why We Need To Pick As Many Stocks As Our Account Size Permits Across Market Cycles Of Bulls And Bears

Remember Rule 12

Book : The Best Investment Writing

Understand your own time horizon in investing

Not good  for those who strongly believe in hardcore analysis as investors to be world class investors.

Skip this chapter!

Less analyzing. More investing - CW8888

It is fine for Uncle8888!

Uncle8888 is with this camp. Earn more and save more.

In long term investing, you account size really matters - CW8888

In nearly every case, it is more realistic scenario to spend zero hours on investing, and simply works a few more hours and achieve a much higher yield on your entire portfolio.

Only once you achieve family office levels of wealth does it make sense to be spending ANY time on your portfolio.

CW: Anyway most retail investors will disagree. LOL!

Any Book To Recommend For Investing?

Someone has just asked Uncle8888 to recommend books on "how to calculate the value of a stock?" 

Probably, he is referring to fundamental analysis and investing.


Monday, 29 July 2013


Any book on Investing For A Living???

You google for "book trading for a living".

Google will return the search result with many books teaching you on how to trade for a living.

And then you change it to google for "book investing for a living".

Guess what will Google return?

Hmm ..

So strange!!!

No one writes a book on "Investing For A Living" or there is something wrong with Google search.

Investing for a living cannot be taught by reading a book???

Read? Books

Read? On reading books for investing

This Book Rich Dad Poor Dad (2)

Read? This Book Rich Dad Poor Dad


Singapore Man of Leisure7 September 2017 at 12:01:00 GMT+8

CW,

Have fun at your talk!

I guess your message will resonate with those who have an "Ah Q" bias - "It is about the option with the capability to slow down and letting your peers get ahead of you."


Maybe its my DNA or what. I tend to see things from "land owner" perspective.

(2)

I read Rich Dad Poor Dad as plugging the benefits of being a "business owner".

That's why MLM marketers often give this book to their underlings, opps, I meant downlines!


Its like ink blots; we see what we want to see.


(1) 

The poor "employee" CEO with his multi-million salary and bonuses will probably read Rich Dad Poor Dad with a wry smile and chuckle!

(1) a wry smile and chuckle!



Do you have an ideal job? I believe many don't; but the job still provide a steady stream of income and help you to make a living and pay bills.

From CEO's Mouth themselves

Do you think that CEO is an ideal job?

My ex-boss was a very ambitious man and worked his way up the corporate ladder and one day was head-hunted to become CEO of another company.


At one Chinese New Year gathering of old colleagues, he said that how he wish he could retire early and doesn't have to face the stupid board?


Read? The Real World

A wry smile and chuckle probably happen at every pay day; but not necessary at every year end review and performance appraisal when these CEOs are NOT business owner with 100% shares as Pte Ltd.

When CEOs have boss or bosses who will set KPIs; do performance review and performance appraisal for their bonuses and salary adjustment;  they are never business owner but employees or self-employed. When they didn't meet the Mark; they get f.... for not performing. When their ego are badly hurt then they may be thinking of getting out of rat race or retire! 

Another CEO of listed company in SGX said publicly at SIAS seminar that he has regretted taking his company public. You can guess why?


(2) Business Owner

That is the dream of many day dreamers!

The fact is only few of us will become CEO or business owner! 

FEW!!!

Don't confuse business owner and self-employed.

Business owner can employ hire guns do the heavy lifting while they just need to lift the net profits.

Self-employed have to do heavy lifting themselves!

ESBI

Why Investment?

Can we become competent investor?

Why not?

Many, many, many more can become competent investors. We just need more and more capital and our account size really matters. 

Capital comes from our saving through our earned income!

That is why more and more people are seeking financial independence!

This Book Rich Dad Poor Dad

Read? Rockstar 360 Report: Best Financial Books as Ranked by Personal Finance Bloggers

The Top 3 Most “Overrated” Finance Books

The most-mentioned overrated book by far (and it wasn’t even close) was Rich Dad, Poor Dad. What’s really interesting, though, is that it had roughly the same number of “favorite” votes, and so finished near the top of that list as well, as you saw before.

Of all the books we’ve seen, this is the one that sits squarely in the “you love it or you hate it” category.

CW8888

If you have read this book many years back and still hate or doubt it!

Come and lim kopi!

You may have missed the idea behind this book to seek financial independence or financial freedom; and get out of Rat Race either as employee or self-employee as early as possible. Getting of Rat Race is NOT retiring from you day job. It is about the option with the capability to slow down and letting your peers get ahead of you.

Let them spin the wheel harder; and relatively you can slow down; but the team as whole is still ahead. Bosses are happier when come to year end appraisal as you have made their jobs easier.

Over the years; Uncle8888 has many kopi sessions with some doubters or haters e.g. many of them are his ex- colleagues, suppliers; friends and cyber kakis. 

He illustrated what he has learnt from the idea of this book - Rich Dad. Poor Dad. It is NOT about his Method! It is about Assets and Cash Flow and Uncle8888 illustrated the idea from this book with his Wealth Formula.

Read? Blog Posts related to Rich Dad . Poor Dad

In the next public talk; he also has one slide ...

Book : Financial Independence (Getting to Point X) - Refresh!

Reaching financial independence is NOT mandatory stop work order. It is a significant milestone in our life journey. Preferably; we can reach this milestone earlier than the official retirement age in Sinagpore.


Read? Financial Independence (Getting to Point X)


Many younger folks in their 20s or 30s may want to know How to achieve financial independence through personal finance?

Personal finance will cover insurance, saving and PERSONAL investing.

Why PERSONAL investing?

Uncle8888 will tell you frankly; and no BS! 

It is NOT I Can. You Can for PERSONAL investing.

In investing; your account size really matters! - CW8888

Who are you as PERSONAL investor in the stock market?

Can Small Monkey eat like Gorilla?


Read? Following someone investing idea? (2)

Book : Smart Investors Keep It Simple

After more than 17 years, Uncle8888 is still flipping new investment books on NLB book shelves.

This book is for NEWBIES who want to learn about creating passive income with dividend stocks.

It is a simple read and quite easy to understand.

Obviously; many retail investors even those seasoned ones have failed to understand that we shouldn't look at dividend yield alone for investment decision. Never!

We always consider dividend payout ratio and dividend yield as a pair! 

They are a perfect couple!

Read more? About dividend yield

Books : On investment, Personal Finance & Retirement Planning

Uncle8888 hasn't stopped reading these books. All investment & finance books are more or less the same same with a few different paragraphs or pages. That small incremental in pursing knowledge is very hard to add when the cup is nearing full!

Book : The Simple Path to Wealth

Read? Why Pursue Financial Freedom? (5)

CW8888: When we are there we can choose to say FU/No Thanks and then walk from these lousy/okay bosses.

Book: Anatomy of the Bear

Who Are My Trainers in Financial Education?

 

Read? The Fallacy of "How to be Rich" from Investing in Shares (Part 2)

 

1. foolish chameleonFriday, 17 June 2016 at 15:09:00 GMT+8
2.  
3. Rolf,
   
   got part 4, 5, xxx anot?
   you should do one every month.
   i look forward to reading posts like this. it keeps me motivated and grounded at the same time.
   
   so, how would you differentiate between a koyok seller and an genuine trainer?
   and, what are the qualities of an genuine trainer?

 

Those authors of financial and investment books found in NLB branches. He has read both well-known and less known ones. They are Uncle8888's trainers and the best thing is he didn't pay a single cent as course fee.

 

Uncle8888's England not that powerful but he still can read them, understand and manage to put some theories from these books into his real plans, real goals and real practices and achieve some results. Hmm .. who is laughing?

 

 

 

 

Book : The Art of Execution

 

 

 

 

What a losing investment approach looks like?

 

 

See carefully!

 

 

 

 

 

 

 

(Take smaller profits so no big winners)

 

 

 

 

Lucky, Uncle8888's investment approach over the last 16 years in the stock market doesn't look like losing investment approach.

 

But, definitely need improvement to avoid more losing ones!

 

Not sure will more patience help to improve?

 

Fishermen watching for the tide of the day and night investing strategy!

 

A few big losers with a few bigger Winners.

 

In fact, one or two bigger winners can offset the total sum of losers!

 

 

 

  

 

Book : SOD 60 The Guide To Living Well

 

I am old but I am not weak! - CW8888

 

 

 

Switching Gear When Going Down The Mountain!!!

 

 

 

It is about getting old and squeezing out the better part of it!

 

 

 

Acceptance and Becoming Senior Citizen! (2)

Read? Acceptance and Becoming Senior Citizen!


Senior citizens reading here. Better be aware and take note!


The discharge of sympathetic nerves innervating the skin is reduced in aged compared with  middle-aged and young human subjects.

This reduction  poses problems because blood flow to selected areas of skin play an important role in regulating body temperature. If these neurogenic thermoregulatory mechanisms are impaired by age, then engaging in heat-producing activities might be dangerous for older individuals. For example, doing heavy work on a hot, humid day in July or August might cause your body to generate and store heat more rapidly than it can get rid of it. This will lead to an elevation in body temperature and possibly to heat exhaustion or heat stroke. One sign that you are overdoing things is if you are losing a great deal of fluid through sweating.

Acceptance and Becoming Senior Citizen!

Remembered some months back, after our outdoor team building activities, one younger colleague said: "Wah! You are fitter than many of us here!"

Being older and fit is never the same as being younger and fit; but being younger and not fit is not right. You have to do something about it!

Accepted and got started with this book and moves on to the next phase of life as senior citizen. :-)

How to Make Your Money Last: The Indispensable Retirement Guide

Borrowed it from NLB as usual.

Rightsize Your Life.

You're never afraid to open your bank statement when you you're living your means.

Book : Tell Me the Truth: Conversations with my patients about life and death

'Cancer patients put up with the most and complain the least, endowed with an uncommon wisdom that is a privilege to observe. It is not simply that they see the big picture; if you spend long enough with them, they help you see it too.'

Oncologist Ranjana Srivastava, working in one of Australia's busiest hospitals, is constantly present at the moments that change people's lives forever: when they are told they have cancer. As her patients face this hardest of truths, Dr Srivastava  is privileged and humbled to see the wisdom and clarity with which they bear their illness. Here she allows us to witness the intimacies of the world of medicine and shares the unexpected truths that she has learned about what is genuinely important.

Tell Me the Truth is an acknowledgement of the incredible courage of ordinary people as they confront the big issues of life and death.


CW8888: See the underlines in Red

 

Book : The Next Apple

 
 
 
 

Happy Retirement: The Psychology of Reinvention

CW8888: Voluntary or early retirement is NOT an ON-OFF switch that we just flip over on the day after retirement. Like investing, we need to tune our mind towards it for meaningful retirement. We also need to read more books on retirement planning same as financial planning or investing.