"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Thursday, February 27, 2014

Thursday, February 20, 2014

Jack of all Trades, or Master of One?

I use Grammarly's plagiarism checker because I like to know the fact that I'm unique, no one is trying to be me, and it improves my writing for my readers' readability.

After last year's trading here and there, I have stopped forex trading for quite a long while. Partly due to the reason that I have busted my account, and my wedding proposal in April which added a doggy into our family (proposal gift for my wife), and then my 12 hrs job, which leads 12 hrs in a day working, 6 hrs sleep, 3 hrs taking care of the dog, and the remaining to job hunting. I can't explain how much I'm dying to leave the first trading firm.

my dog.

Finally after so much interviews, I landed into another trading firm, where people there appreciates work-life balance, and great opportunity to learn. And my wedding preparation began then, for my big day in mid-December. Blink of eye, I'm a married man. Our house key collection date was 31-December-2013, and now we're busy with the renovations and stuff.

 pic from HDB wiki.

In my country, many couples apply for a HDB flat first before the guy's proposal, which leads to women in my country complaining we're unromantic. (Because applying a flat together means both must be married by key collection date!) I admit the fact though, but what to do, we have to wait about 4 years for the flat to be ready after the application. By the time men in my country serve 2 years of national service (military) and then join the work forces, and by the time we save enough money to propose and then apply a flat, we would be 30+ by the time when the flat is ready.

 pic from mothership.sg

Even for my case, after my wedding and renovation, my savings will be *WHAM*.. back to ZERO. Property here costs about $300K SGD, for a 4-room flat 92sqm. Don't tell me about how much your country's property cost to make me feel depressed, don't tell me about how much your country's vehicle cost to make me feel upset. My wife and I planned for a very very basic renovation because we're hoping not to borrow renovation loan, and all in all still costs nearly $30K including furnitures, HMmmm.. where do we find the money...

So we gamble.

Two new casinos here in Singapore? No, I don't got the balls and capital to pay $100 levy for every entry. If they are so restrictive about local going to casino, they should do like South Korea do, ban the locals from going in COMPLETELY! I believe there are so much trouble brought to us than the economic benefits the casino has brought to us.

I gamble with them in another way, though. I bought Genting SP shares last year, I held for a year before selling them. Gaining about 10% of my capital invested in it. I have to say I am a lucky ass because the share plummeted right after my exit.

Yes, I have stopped forex but trading shares instead because of time commitment. Trading requires time to monitor but investing in shares does not require that much of a screen time. The time I used to use for screen time now becomes daily dog-walking routine haha. It is my responsibility but it really brings joy to the home.

I recently applied for an IPO and balloted two lot of shares for OUE Comm REIT. Not going anywhere but holding for long-term.

My latest paper win now is Suntec REIT (Real Estate Investment Trust).. currently up about 7.8% profit.

I have stopped forex due to time commitment but my appetite to gain financial freedom do not stop. I am not closing my forex account and just looking for good opportunity for a come-back, after my home renovation. And probably starting my own business after that. A come-back like in poker, which I now takes it casually. But do we still need to do all these if we're earning quite adequately in our full time job, like many of my friends do?

Great run this afternoon though.

To be a jack of all trades, or a master of one?

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