Author: Rolf Suey - Better Late Than Never

Has Marine and Offshore Industry Recovered?

The Maritime and Offshore exhibition Sea Asia took place in MBS this week and I was there. It is my 17th year in the industry. I met many old pals, although the number of them still active in the industry has significantly declined. Had many chats and below are some of the key takeaways? The big question: “Has Marine and Offshore Industry Recovered?”  Still at Bottom! I am not too sure if the industry is recovering? But one thing I am certain is “we are still at the bottom of the cycle”. Obviously when you hit rock bottom, the only...

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Renew Car COE 5 years or 10 years?

Over the last 15 years, I had several different cars registered under my name. They are either new or used-cars from 1.5L to 2.5L, from Japanese to continental cars and from sedan to MPV. No posh cars though. Cannot afford. I had also rented cars for few months, and even had experience of selling cars in the old days. That said, the one experience I do not have, until recently, is the renewal of car COE. Last week, I renewed COE of my Toyota Estima.Initially I opted 5 years, but a friend of mine gave the rationale why 10...

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Start My Own, or Stay with Current Job

Prompted by another blogger SI, I wrote this article. Addressing the question, there are always the push the and the pull factors. Let’s evaluate both sides of the coins. Current job is shitty. Lousy pay, lousy boss, lousy colleagues, low satisfaction etc. Time to move on to start my own. To take control of our own destiny where we are not answerable to our boss, and create something that can impact the world with abundance of self-satisfaction. Excellent idea awaiting to explode. A good partner or investor already knocking at the door. Too good to resist because it’s going...

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Bitcoin, Then & Now – Loving the unloved?

Towards the end of 2017 early 2018, the most talked about investment topic was the buying of crypto-currency. The news of Bitcoin is everywhere. Even aunties and uncles talked about it. My wife who knew nothing about investment told me about Bitcoin (BTC) and how her colleagues and friends mentioned to her. Another friend of mine back then, ask if I should start looking into investing in the Crypto mining business as his uncle is quitting his job and poured in close to S$200k into the Crypto mining business. I also have clients from abroad telling me how excited...

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Principles of Success – Ray Dalio (Part 2)

This post continues from Part 1. YOUR TWO BIGGEST BARRIERS  Going through the biggest mistakes in life, can give you a “healthy fear” of being wrong. In other words, it will give you deep humility. At the same time, it will not stop you from going after the things you wanted.  To succeed, you need to see more than what you alone can see. But standing in our ways are the two biggest barriers everyone faces.  1. Our ego  2. Blind spot barriers  EGO BARRIER  This is the part of the brain that prevent you from acknowledging your weaknesses...

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Principles of Success – Ray Dalio (Part 1)

Ray Dalio is one of my favourite investment guru. He is clever, truthful and humble and always see the bigger picture that matters. Last year he created new animated mini-serial videos on Youtube after the all famous “How the Economic machine works”. The new video series, Principles for Success focuses on the life principles that have Ray Dalio the most. Refer to link here.   Below is the extract I summarised from the vid. 1 – THE CALL TO ADVENTURE Deal with your “not knowing” You do not know much relative to what you need to know. Success in life...

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Rolf’s Updates – My Priorities in Life – Health, Finance, Family, Friends & Hobbies – 2019 1Q

Hi all, it’s been a while since I am online blogging. This does not mean that I stop writing and sharing. In fact, I have written as many articles about life since the last 2.5 years, but in a more privately manner sharing within my own circle of friends.This week, I took a leave to relax and spend time with my family during school holiday. I was prompted intuitively to update my blog. Here I am, my first article in 2019 based on my 5 priorities in life that I blogged about many times in the past – H2F3. Generally...

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Big losses in listed O&G /marine companies…But salaries still big

It’s been awhile since I delved into the reading of annual reports. Last night I decided to read reports of several listed O&G/marine companies in Singapore. Big losses Undoubtedly many listed O&G/marine companies were in dire straits and outlook ahead were uncertain. There is no question that balance sheets of many these companies are strained with piling debts. Liabilities exceeded assets with limited cash to keep business going. Not to mention the reliability of the “assets”, if they truly worth what it was stated. Auditors also raised going concern doubts for many companies. Many companies had loses in 2015...

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Bitcoin – Monkey business

Want to know about *BITCOIN* A lot of monkeys lived near a village.???????????????????????????? One day a merchant came to the village to buy these monkeys!???????????????????????? He announced that he will buy the monkeys @ $100 each. ???????? The villagers thought that this man is mad.???? They thought how can somebody buy stray monkeys at $100 each????? Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. ???? This news spread like wildfire and people caught monkeys and sold it to the merchant.???? After a few days, the merchant announced that...

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What is Headship

Headship or leadership is very important in our lives. A country needs a good President/Prime minister and government to lead. A company needs a good CEO and the management team to lead. A household also requires good husband and wife to lead so that the family stays intact without going astray.  Consider a human body, the head is over all the rest of the members of the body. The head is where the mind is, and has direct connection with each member of the body. When the head fails, the members of the body falls apart. Many people want...

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Think right and live right

A lot of times, we upgrade ourselves by learning a new skill in order to be more knowledgeable. We tend to focus on what the “upgrade” can do for us externally. For instance, the focus is to have a pay raise, to receive a promotion, to get a better job or maybe even because it is fun and interesting. This type of “upgrade” is usually an “outside in” changes. It is normally temporary. The most important change is normally not to externally add a skill to achieve a “job title promotion or salary increase”. It is to change the way we think. In...

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Rolf’s Updates – My Priorities in Life – Health, Finance, Family, Friends & Hobbies.

It’s been awhile since I last blogged. Apparently, this is only my 6th article this year. During my blogging heydays, regularly 6 or more articles per month is commonplace. Anyway a lot of good things take place since 1 year ago. I reckon I did not miss much, except for the missing all my blogger friends, my loyal readers or even for those who do not really like my blog. :-) My life was completely transformed since 1 year ago. It is as if it is no longer I who live. That the spirit of life and truth is...

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Baby Delivery Costs at Private Hospitals from 2011 to 2017 (TMC vs Mt Alvernia) – How Much Cash Outlay You Need?

Last month was an extremely joyful day for our family as we have our new addition baby boy. So I decided to compile the monetary cost of bringing him to this world. Refer to my earlier post in Dec 2014 when we had our last child. Actual costs from prenatal to delivery Below is a table comparing our 3 of our kids. Variations in costs Ward Type / Days Stay * TMC room rates – click here ** Mount Alvernia room rates – click here My wife only stayed 2 days in the hospital which is considerably short. In fact, mummy is so healthy that...

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Three important traits that most retail stock investors need to have for good success

1st trait  I remember in the last few years when I was really fervent into investment. No matter how busy I was with my family or work, I almost always will spend equal or more time and effort into learning to perfect my investment skills, even at expense of my sleep hours. This trait I call it “PERSEVERANCE” which is defined as “keep doing something steadfastly and does not give up”.  2nd trait  Then the oil crisis struck in late 2014 and not only it affected my stock portfolio but also my career. Companies suffered and many went bankrupt....

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How Real is the Trump-driven Stock Market Bull’s Run lately?

I had been away from the stock market for several months now and then I realized that there had been a bull run lately. Dow crossing 20k and STI crossing 3k. Wow… Great according to what Trump tweeted and many reckon he is going to transform the US economy for the better. You really think so? I remember in several months ago when Trump was the candidate, he mentioned we are in a day huge bubble that will burst anytime, and even worse if Fed is going to increase interest rate! Now he is the president and when Dow...

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