Author: Taking Care Of My Own Business

Time vs Money

How do you value time versus money? Let’s first understand a crucial difference between them: As a personal commodity, money is extremely elastic, in that you can theoretically accumulate an infinite amount of it. Time, by contrast, is intrinsically inelastic: You cannot accumulate more of it and you’ve never had any less of it. You and I, we get the same amount of minutes & hours in every day of our life. So, shouldn’t an hour be much more valuable than a dollar ? Yet we consistently behave as if the opposite were true. For example: Would you accept a...

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These are the skills to stay employable tomorrow

To grow your nest-egg you can earn more or invest more. Wherever you look there are reports on robots taking our jobs. Are you a bit scared of AI and robots yet? When my generation entered the workforce in the early 1990s we were scared too. Scared that PCs in offices and those humongous productivity gains anticipated from them would take our jobs away. Did we lose our jobs? No, we just had to stay adaptable, upgrade our skills and move on to higher value-add jobs. FACT: There is no stopping the progress. Whoever is prepared to follow progress...

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Does Indecision Bias spoil it for you too?

I had a sobering meeting with a former colleague from work. We had not met for years. But I vividly remember him making a commitment at the end of our previous coffee chat in 2016 or was it 2017 that he would start a regular savings plan into a few ETFs right away. Well, he did not do it right away. He actually did not do it at all! When I asked him why, he mumbled something like, “I used to be indecisive. Now I am not sure.” Yeah, right. I get it. Choice is hard. When faced with...

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Does Indecision Bias spoil it for you too?

I had a sobering meeting with a former colleague from work. We had not met for years. But I vividly remember him making a commitment at the end of our previous coffee chat in 2016 or was it 2017 that he would start a regular savings plan into a few ETFs right away. Well, he did not do it right away. He actually did not do it at all! When I asked him why, he mumbled something like, “I used to be indecisive. Now I am not sure.” Yeah, right. I get it. Choice is hard. When faced with...

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Are you invested in Africa?

This will have some long-term implications. Source: The Visual Capitalist As a rational optimist, I do believe that the vast majority of the 7.6 billion people in this world wake up each morning to build a better life for themselves. The younger they are the stronger that desire. This desire will fuel economic growth. Countries with younger demographics will have a higher chance of above-average economic growth. Older people simply do not consume as much as younger people (with the exception of healthcare services). Where is Singapore in all of this? Our median age is 41.7 years. https://www.population.sg/ So,...

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New year, new start, the most accurate stock market forecast for this year

Sorry, what did you say? “You are a bit late with your forecast, Tacomob. It’s already February!” Well, dear reader, what’s a year anyway? It’s merely the orbital period of the Earth moving in its orbit around the Sun. But that does not mean that we have to think in that timeframe all of the time. Firstly, why would we have to measure our annual portfolio return based on calendar years? I am always a bit puzzled when bloggers like to share their annual portfolio returns. Are we small investors answerable to bosses and shareholders like those poor confined...

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One of the main factors for suboptimal GDP-growth in Singapore

Singapore is small by many standards. Image credit: Joerg Haeuser Certainly very small in terms of population. We only have 5.6 million residents. Roughly a quarter of municipal Shanghai or less than 0.1% (0.073% in fact) of the global population. A mighty punching-above-their weight bunch of smart and hard-working people. How is our (and every other country’s) GDP growth being determined? Basically there are two factors: 1)     Working population growth – well, we all know how unproductive Singaporeans are in terms of “doing the deed” and producing more babies. Less babies can either be compensated with foreign talents joining the...

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Regrets or not?

This is my 200th post here on Tacomob since I have started jotting down my thoughts in March 2014 here. A good occasion to get a bit philosophical. Just a bit. Decision-Making So, life is all about decisions – those thousands of decisions that we take every single day. And luck, lots of luck, lots of dumb luck actually. A life-skill I have written about before “Luckily I am so lucky”. Thus, let me muse about that other skill – decision-making. To make reliably good decisions, I want to weigh how right I think I am against how sorry...

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Regrets or not?

This is my 200th post here on Tacomob since I have started jotting down my thoughts in March 2014 here. A good occasion to get a bit philosophical. Just a bit. Decision-Making So, life is all about decisions – those thousands of decisions that we take every single day. And luck, lots of luck, lots of dumb luck actually. A life-skill I have written about before “Luckily I am so lucky”. Thus, let me muse about that other skill – decision-making. To make reliably good decisions, I want to weigh how right I think I am against how sorry...

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Is such a “bull market” sustainable?

After the recent days of heightened market volatility I was curious to check out how the S&P 500 component stocks have faired over the last 12 months: Hmm, looks to me as if the bull market is mainly hinged on those five MANGA stocks (Microsoft, Apple, Netflix, Google, Amazon; FB is out and having a rough time, deservedly I have to say). How would the S&P index look like excluding those MANGA stocks? Would people still have talked about the longest Bull market recently? These stocks remind me of Icarus from the Greek mythology who was flying too high and too close...

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Is such a kind of “bull market” sustainable?

After the recent days of heightened market volatility I was curious to check out how the S&P 500 component stocks have faired over the last 12 months: Hmm, looks to me as if the bull market is mainly hinged on those five MANGA stocks (Microsoft, Apple, Netflix, Google, Amazon; FB is out and having a rough time, deservedly I have to say). How would the S&P index look like excluding those MANGA stocks? Would people still have talked about the longest Bull market recently? These stocks remind me of Icarus from the Greek mythology who was flying too high and too close...

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You got promoted

Hello, my dear reader, today I feel very powerful. So I have decided to promote you to the position of CEO. Congratulations. You are a real CEO now. Not later! Now! What do I mean by that? In this information age, our most valuable asset is our earning ability. Not “learning ability”! Lifelong learning is compulsory to stay employable. We have to continuously upgrade our skills & replace old skills with new ones. Nobody can expect lifelong employment, but each one of us can create lifelong employability. This requires a mindset change from seeing us as an employee to viewing...

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You got promoted

Hello, my dear reader, today I feel very powerful. So I have decided to promote you to the position of CEO. Congratulations. You are a real CEO now. Not later! Now! What do I mean by that? In this information age, our most valuable asset is our earning ability. Not “learning ability”! Lifelong learning is compulsory to stay employable. We have to continuously upgrade our skills & replace old skills with new ones. Nobody can expect lifelong employment, but each one of us can create lifelong employability. This requires a mindset change from seeing us as an employee to viewing...

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I, your employee say, “my level of engagement is the effect of a great employee experience, but ….”​

Do you feel engaged at your work? This is somehow an off-pattern post here on TACOMOB. But it totally fits into the context of Taking Care of Your Own Business – your own business of earning money by working for an organization in this case. Talking to my friends who serve their corporate duties I get the impression that most of them are quite disengaged at work. This impression got cemented when one of my friends entertained me with this glorious rant that is absolutely worth sharing with you. Here he goes: “You see, Andy, employee experience (EX) is...

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I, your employee say, “my level of engagement is the effect of a great employee experience, but ….”​

Do you feel engaged at your work? This is somehow an off-pattern post here on TACOMOB. But it totally fits into the context of Taking Care of Your Own Business – your own business of earning money by working for an organization in this case. Talking to my friends who serve their corporate duties I get the impression that most of them are quite disengaged at work. This impression got cemented when one of my friends entertained me with this glorious rant that is absolutely worth sharing with you. Here he goes: “You see, Andy, employee experience (EX) is...

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