RE:Life

I've just been hurt deeply. I will try to regroup my life and focus on the following tangible things:

1. Improve my trading performance
2. Achieve all As this sem to get magna cum laude
3. Get CMT level 1

Jirong

Value Averaging

I just encountered this method which I might be using for the rest of my life. This method produces the best internal rate of returns as compared to more conventional methods such as dollar cost averaging.

However, I might tweak the strategy a bit. For instance, when the stock prices are below the 250 MA, I would increase my contribution rate from $500 to $600.

On a side note, I might want to be a teacher rather than going to the financial sector. I'm really confused now and I do hope that someone can shed some light on this matter.

Jim Roger's analysis of UN's 'aid'

Does aid help Africa at all?

We do know that stuff such as clothes are being sent to the continent. But, does it really help them at all?

Jim rogers mentioned that these shirt that are meant to be aid are being sold to the people in Africa instead. And, these will bring about few problems. One of them is, the clothes producers are not able to compete with these 'new sources/supply' which are being sold at a cheaper price.

The developed countries might have already understood this situation, but they might still choose to do nothing at all, since cutting this source of 'aid' would be deemed as a move that is not 'humane'. Also, the alternative solution of purchasing these clothes from the African producers would result in intense competition with its own manufacturers.(which seems to be a bad thing for them even though competition is often good for an industry to progress) and this is not viable to them.

All in all, even though the better solution is to import the clothes from Africa, the developed nations are not wiling to adopt this stand since it might 'hurt' its people instead.

Pondering

Many people who have achieved financial independence keep mentioning about 'Pipes'. Right now, I don't really have a solid pipe yet. I keep harping on reaching the $100k goal before I graduate, but I do feel that this goal is getting further and further away from me. How do I maximize my time. Time=money! Right now, I'm often free at nite. I do feel that I should really convert the precious commodity of time into money! How can I do it. Can anyone enlighten me? By trading FOREX? How? People are not willing to teach you for free man.

1.) Work on MON, WED and FRI. 15 x 8= $120 ($480/ month)+ tuition($400) or $600++ instead of $480. $880 or $1000

I want to get rich!!!!!!!!!!!!!!!!!!!!

Re-assessing my goals

1. Do 1 major event per semester-most probably I will doing one of the social enterprise projects this semester.)
2. Increase cash flow-find 1 more tuition during the weekend
3. Increased EQ, broaden social network
4. Broaden my knowledge-look up to charlie munger
5. Do not be stagnant
6. Step out of my comfort zone
7. Improve on public speaking skills
8. Increasing net worth to $30,000.(I'm really lagging behind!!!!!!!So long and it's still $25,000. It's really quite hard to increase my net worth while I'm still in school. But, nothing can stop me man.)

Re-assessing my goals

Regarding my earlier post, I stated that obtaining a good GPA is not important. However, I think I have changed my mind. Why? Because a good GPA looks good! And since I am paying so much for my school fees, why should I give up a golden opportunity to make full use of it.

1. Brush up on FA
2. Increase independence
3. Increase knowledge on philospophy
4. Prep for case study competition
5. Apologise to brother( find correct timing)

OMG

I think I have found the holy grail in my life man. Trading sti etf. How cool can it be? Generate $800 per month! I'm on my way to financial freedom. The key now is to increase my cash flow and I think I should be on my way there.