Saturday 18 February 2023
[Post 214] KFC Behind The Scenes (What You Don't See) | Inside KFC EP1 | Our Stories
Thursday 16 February 2023
[Post 213] Investment Book Review 3 : One Up On Wall Street by Peter Lynch
"One Up on Wall Street" written by Peter Lynch, is a timeless investment guidebook that has influenced numerous individuals to embark on investing in the stock market.
Released in 1989, the book offers valuable insights into Lynch's investment philosophy, which has earned him a reputation as one of the most successful investors in history.
By sharing his experiences managing the Fidelity Magellan Fund, Lynch provides readers with his tested and proven methods for selecting winning stocks and achieving financial prosperity.
The book highlights the significance of taking a proactive approach to investing. Lynch emphasizes that individual investors have an advantage over professional money managers as they are closer to the industries and businesses they are investing in.
By conducting their own research, individuals can attain a better understanding of the companies they are investing in and make informed investment choices.
Lynch emphasizes the value of taking a long-term perspective on investing, avoiding market speculation, and keeping emotions in check.
He also stresses the importance of diversification, encouraging investors to distribute their investments across several different industries and companies, reducing risk and increasing the chances of finding successful stocks.
The book provides a comprehensive overview of the stock market, including the role of brokers, investment bankers, and analysts, and explains various methods used to evaluate stocks.
It also provides a framework for identifying and analyzing potential investments, including the P/E ratio, earnings growth, and return on equity.
One of the standout features of "One Up on Wall Street" is Lynch's writing style, which is engaging and easy to understand. He simplifies complex investment concepts, making it accessible to readers with varying levels of financial literacy.
Through personal anecdotes and stories from his experiences, Lynch brings the stock market to life and makes investing an enjoyable and exciting process.
Lynch places a strong emphasis on finding great companies with a competitive advantage. He believes that by investing in companies with a proven record of success, individuals can achieve long-term financial prosperity.
The book includes real-life examples of companies that meet Lynch's criteria, including Walmart, Home Depot, and Coca-Cola.
In conclusion, "One Up on Wall Street" is a must-read for anyone interested in investing in the stock market. Through its easy-to-understand writing style, practical advice, and real-world examples, Lynch provides readers with the tools and knowledge needed to achieve financial success in the long-term. Personally, this is one of my favourite investment book to read as it is easy to understand unlike the more throughly detailed "The Intelligent Investor" by Benjamin Graham
Whether you're an experienced investor or just starting out, this book is sure to offer valuable insights and inspiration for your next investment. For singaporean, this book can be borrow at the nearest National Library Board near your home in an audiobook or Ebook form.
Wednesday 15 February 2023
[Post 212] How ‘Quiet Hiring’ Became The Workplace of 2023 | CNBC
[Post 211] Book Summary 1: Around The world in 80 Trades by Conor Woodman | Documentary
Tuesday 14 February 2023
[Post 210] How We Make Money From ASMR Videos & Custom Keyboards | On The Red Dot | Full Episode
[Post 209] How Much Should You Give Your Parent Every Month?
As a new graduate(Like me!), it can be overwhelming to balance your own financial needs with supporting your family. One question that may come to mind is what percentage of your salary should be given to your parents.
This is a difficult question to answer since it is difficult to strike the correct balance between taking care of your personal financial requirements and helping your family.
Before determining this amount, it's crucial to make sure you have enough money for your own necessities such as housing, food, and transportation. You don't want to compromise your own financial stability by giving too much to your parents.
Once your own finances are secure, you can consider how much you can afford to give to your parents. While there is no definite answer, some experts suggest giving anywhere from 10-20% of your pay. This amount can vary based on your financial situation and the needs of your parents.
If they are facing financial difficulties, you may want to give more, and if they are in a stable financial position, you may be able to give less.
Having an open and honest conversation with your parents is important in determining the right amount to give. It's also recommended to set clear expectations about the use of the money to make sure everyone is on the same page.
Personally ,I am currently giving about 10-20% of my pay after CPF deduction to both parents,which is quite close to my monthly budget.As for my pay range, let's just say it's around $3,000 to $4,000 a month 😉
In conclusion, the answer to how much of your pay should be given to your parents is not set in stone. By taking care of your own finances and communicating with your parents, you can find the right balance that works for everyone. The most important thing is to prioritize your own financial stability while still supporting your family.