Rainbow on FI

I have FINALLY bought my new android phone - a Samsung Galaxy S (with a super clear LCD) at an absolute bargain! It costs me only $98 after the $100 Singtel voucher incentive for service provider switch (too bad Starhub, your marketing tactics and bad pricing failed to attract me). Got a cheap monthly price plan too after corporate discount. It is indeed a whole new world of experience. Now my phone is becoming a more important gadget than my computer - I can call it my mini desktop. It is not just useful for calls and SMS; it encompasses so much more! Task alarm, cool games, surfing, reading references, watching videos, listening to music... Brilliant conveniences. Only a bit troublesome to have to keep charging due to the high power consumption.  I am still trying to get use to Qwerty keypad typing instead of number-pad. The Android Swype is really cool as I can just swipe across the keyboard (via linking alphabets) to type the words. That's another reason, besides the open sou...

I have failed in my stocks lesson... Despite still remembering what Mr Hu Li Yang said from Money Weekly and what I wrote in my previous entry - Knowing when to 'breakup' with your stock . Stop loss at 10% , stop loss at 10%, stop loss at 10% ... but somehow didn't translate to action. Bad news (market, earning growth...), multiple "black crows" , issuance of bonus shares , issuance of rights and other technical indicators are some signals of imminent price drop. However, many of us are over-confident in our stocks. It is not easy to let go - belief that the stock will rebound, fear and greed are some emotions that over-ride our rational decisions. Ownership bias? Read: Knowing when to sell your shares We often come to realize it only when it's too late. That is when a stop loss became a CUT LOSS (capitulation). To sell at 20% gain or do a selling up to gather slow profits. That is the 2nd part to the lesson - knowing when to sell. Harvesting is ju...

STI has fallen to 2,951.07 . Market outlook is not at all optimistic following Japan's major earthquake. Although Singapore is far, but companies with investments in Japan would be impacted more or less. I am seeing many reassurance news popping up by such companies. 1) SPH now at $3.85, is this going to be a support? 2) Bakertech has managed a rebound from my predicted support point at $0.30 3) Capmallasia hits new low at $1.73, Capitamall seems a safer ground "Do not attempt to catch a falling knife" - so I decided to stick by this practice, wait and see if market would stabilize or get worse... As compared to making small market losses as market turned bleak, it is really nothing compared to those who have lost their home and families in the recent disaster. Be glad that we are safe and living in peacefulness. If you are Singaporean reading this blog, donations to the Japan Earthquake can be made via Red Cross, refer to link - http://www.redcross.org.sg/Japa...

People often boast about their achievements, profits, gains but how many people can you find out there who publish their mistakes and reflections? Not many, it would be fortunate if you can read one. Why? Because they would rather appear like gurus so that you will visit their blogs more and believe in what they say, duh! Besides, people don't like to read laments and people get turned off quickly by negative things. However, from another perspective, knowing of others' mistakes would give you a more realistic view of how things are and hopefully come to a realization that not everything is 'a bed of rose' - without having to go through it yourself. Of course, the flip side is that whatever reflections you have read would be HIS and not YOURS. As a Chinese proverb says "if the knife doesn't cut your flesh, you would not be aware of pain" . It is sometimes a little difficult to have an understanding of others' mistakes without experiencing it yourse...

This is a video about what are the motivating factors in work. Traditionally, it should be monetary reward. Interestingly, this video claimed otherwise. After watching this video, sit down and really mull over it, I find that what the video says actually make sense.  Motivation is less about the monetary reward especially of those involving more complicated result-oriented tasks but less mechanical tasks. So what is the true motivational factor for you? Think.  The 3 motivating factors mentioned are (my input in blue):  Autonomy   Although too much could be deemed as 'bad' in our traditional workplace... Who likes their bosses breathing down their neck anyway?   But too much autonomy would it mean that the task might end up not being performed to expectations or to become misaligned to the corporate goals.   The best solution to this might be to become your  own boss  then.   Mastery & making a contribution   When you perfect your sk...