Author: Invest Openly

You will have to trade with the mind, not the money (Guest Post)

Take this with a lot of salt for the sake of proper performance in the business of Forex. Your mind will be used mostly for trading instead of thinking of the money involved. It will make your performance better. There will also be a good income from the business. So it becomes obvious that the earning will require the traders to forget about money. Think of all the different process of trading in the markets. There will be proper maintenance of trades with stop-losses and take-profits. Even before that, the trades will have to make proper sizing of the...

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What Type Of Angler Are You In Your Investment Journey?

First, I need to clarify that fishing is not my cup of tea. I was inspired by what I’ve seen yesterday evening to pen this post. When I was doing my weekend walk-a-jog along Lorong Halus, near the East Entrance of Coney Island, I saw a bunch of anglers scattered around the shore and enjoying their time, some in solitude, some are with their group of friends. Most of the anglers are using fishing rods, a few are using the fishing nets with handle while I vividly saw one of them is using plain fishing net. This set me...

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Open Electricity Market – First Thing I Did in 2019 Is To Switch

I am excited that finally Singapore’s electricity market is opening up and we (as consumers) have more choice and say in selecting our preferred retailer. Of course, the most important thing is because of the “competition”, the consumers can enjoy more competitive rate (as opposed to only with SP previously). I have the privilege to switch my electricity supplier from 1 Jan 2019 (as I am staying in Zone 1 of their rolling out schedule) and have done some brief homework (i.e. comparing price and retailers). By the way, there are as many as 22 retailers to choose from...

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How Can Cryptocurrency Be Applied Beyond Peer-to-Peer Payments?

Cryptocurrencies like Bitcoin are about to revolutionise the way we move money around, and this willsignal the end of the third-party handlers, namely banks and credit card companies who have beentaking a slice of the action since time began. Peer to peer payments can be made by individuals acrossthe globe using blockchain technology, with instant and anonymous funds transfer at the speed oflight, yet there are other applications for cryptocurrencies and more specifically, blockchain technology. Customer Loyalty ProgramsCommonly used in all industries, customer loyalty programs using Bitcoin as an incentive could reignitea dying sector. It is estimated that around...

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If I Could Tell You Just One Thing (Book)

It has been a while since my last post (almost a month, to be exact). As we are drawing closer to the end of 2018 and saying HELLO to 2019, thought it would be apt for me to write something as a closure for 2018. December is a festive season and lull period (read holiday season) for most employees (unless you are in sales with year end target to meet), I’ve taken a short break to Melaka, Malaysia to meet some friends, enjoy the local food as well as catching a performance called “Encore Melaka” (visually stunning with marvellous...

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Some Observations/Hacks From My Recent Bergen (Norway) Trip

Just back from 2-weeks free and easy holiday to London-and-Bergen. This is my first time to Bergen (Norway) and everything are pretty new and fresh to me. We spent about 6-full days each in London and Bergen so we managed to cover all our planned itinerary, except 1 in Bergen which I will share more later. Overall, we have a great time there and thought I should share some of my experiences/observations/hacks in Bergen (Norway) which might be helpful for those readers who are planning to pay it a visit soon. So, here we go: Transport from Bergen BGO...

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Everyone can be charitable NOW!

As a follow-up to my earlier post on Besides IQ, EQ and FQ, What About CQ?, thought maybe it is apt to share an positive experience that I’ve encountered through one of the volunteer event I attended recently. Two Saturday ago, decided to attend a volunteer event organized by Direct Life Foundation in bringing wheel-chair bound uncles/aunties to Jurong Bird Park for half-day excursion. It is half-a-day well spent as each of us (volunteer) are paired with one auntie or uncle and the mission is to bring them (in their wheel chair) to watch the shows/performances at various places...

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Is There Any IPO like Venom?

  If you have not already know, Venom is the latest superhero movie (or more accurately anti-superhero) movie starred by the competent Tom Hardy (as Eddie Brock/Venom). Before its wide release last week, it has received terrible reviews/rating from the so called professional movie critics (including those in the reputable site like Rotten Tomatoes). However, audience from around the world didn’t take heed from those “professionals”, instead, they (include myself) thronged the cinemas and made Venom the top movie in its first week of release (amassed USD80 millions in the US Box Office along, the reported budget of the...

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Besides IQ, EQ and FQ, What About CQ?

Wait! What Qs am I talking about here? The Q that I am referring here is “Quotient”, so you have the common ones like IQ (Intelligence Quotient), EQ (Emotional Quotient) and FQ (Financial Quotient), what about the last one, CQ? Anyone want to make a guess? No, I am not talking about cultural quotient, what I am talking about is “Charity Quotient” i.e. how charitable are you (voluntarily i.e. not due to peer pressure or assignment by your company but do it from the bottom of your heart)? Also, “charity” here need not be something big like involving in...

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5 Things I Learnt From Billion Dollar Whale (Book)

Being an ex-Malaysian and most of my siblings and relatives are still in Malaysia, I am still very much interested in the political development in Malaysia. With the new twist of development in the political scene up there, a new era has began. Finally, the first book that provide an inside account of 1MDB (1 Malaysia Development Berhad, Malaysia’s Sovereign Fund) is arrived! Authored by Tim Wright and Bradley Hope (Wall Street Journal reporters) with an apt title of Billion Dollar Whale. It took me less than 4 days to complete this 360+ pages of chronicle recount of events....

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Will Both Monk and Warrior Eat The Banana?

Recently, the personal finance blogsphere is filled with a vibrant debate between the monk and the warrior (and recently a few farmers and a Voltron also joined in the fun). I think it all started because of the blog post by Alvin Chow of Dr Wealth (Are Financial Blogger Sufferings?). In case you still do not have a clue of what I am referring to, in summary: if you are in the monk’s camp, you have a strong mind to endure “suffering” (read rigorous saving) and if you are in the warrior’s camp, you have a strong mind to...

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What Is Your Next Breakthrough?

We are coming to the last week of the 3rd Quarter and soon we are heading to the last quarter of 2018. Like last year, and the year before last, and the year before last last year (I think you get what I mean), we are living with hits and misses every single year. I am not only talking about your personal finance or your investment but rather life in general. We are deemed growing only if we learn/do something new, otherwise, we are just passing the time with repetitive daily routines. So, it is important to have regular...

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Those Who Like To Complain Tends To See The Glass Half Empty

Recently, the famous vlogger, Nas Daily’s video about Singapore – “TheĀ Almost Perfect Country” has attracted a fair share of sour grape comments from fellow Singaporean. Of course, everyone has their own rights to provide their opinion (be it online or offline), having said that, such negative comment on such a positive video do reflect something about them i.e. they tends to see the glass half empty. Again, there is nothing wrong to be on the side of “glass half empty”, just that people on this spectrum tend to forget (consciously or unconsciously) the water they already have in the...

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Book Review – Breakfast Club For 40 Somethings

Recently, I’ve just finished reading a book called “Breakfast Club For 40 Somethings” (by Vanessa Stoykov). It is a lighthearted and fun novel but also a financial planning book in disguise. Even though the book title mentioned about “40 somethings” but the financial teaching/sharing in the book is kind of universal and applicable to anyone at any age. Also, the story is based in Australia and hence some of the financial setting/context like more relevant to Australian, like the Super Fund etc… but we can always replace it with our local context like CPF fund etc.. A long-awaited reunion...

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SkillsFuture – Have You Made Full Use Of It Yet?

Beside the money under your pillow or in your bank account(s) and the shares/REITs in your CDP account, as well as the physical properties in your real estate portfolio, the other equally important asset that we all should amass is the skill sets/knowledge. That’s where SkillsFuture initiative came in to promote lifelong learning. I have checked with a few of my close friends and understand that all of us (including myself :-)) have not really made use of our SkillsFuture Credits (SGD500) since the implementation in 2016. Have you utilized yours? These are the free money from Government to...

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