Warren Buffett’s 3 Top Golden Trading Advises

Source : http://takimag.com/article/the_orifice_of_omaha

Source : http://takimag.com/article/the_orifice_of_omaha

Warren Buffett’s 3 Top Golden Trading Advise

Thanks to one of my friends whom direct me to this source.(listed at the end of this article) And i found a few important pointers from one of the greatest financial brain in our times, Warren Buffett, which can be applied to  Trading.

 

1) Invest Trade unemotionally.

Stock Market are influenced by Greed and Fear. And these two are the main forces for some of the spectacular Bull and Bear home run. And in order to trade successfully in a consistent manner, a thorough study of human psychology is need. Human brain is hardwired to focus on survival, and as such, it make trader more likely to chase stock to the when it gap up, later to realize the stock suffer from slow death. Or holding on to the losing trade till it is 80% into red, sell it off and watch in horror when the stock turn northward from there. Learn how emotions lead to cognitive errors, and avoid those common errors.

2) Be patient.

Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient Patient. Did you get impatient after realize i been typing so much of this word “Patient”? There are a lot of times where trader rush and quickly get into trading position for fear of missing out(FOMO) and end up winding up the position. Be patient and be disciplined with your own trading criteria and setup. You do not need to trade every single day, instead let the trade come to you!

3) Be selectively contrarian.

Warren Buffett’s saying of “fearful when others are greedy, and greedy when others are fearful” speaks strongly for his contrarian style. I will also say, that saying summarize up what human psychology is all about. Based on “fearful when others are greedy, and greedy when others are fearful”, should you dive in when the stock gap up or perform a panicky sell when it gap down? Be a contrarian but in a selective manner.

 

Source : http://www.businessdictionary.com/article/896/investing-lessons-of-warren-buffett/

Source : http://channel.nationalgeographic.com/brain-games/articles/you-are-hardwired-to-survive/

What you need to change to become wealthy

subconsciousI kinda of find this article interesting, as it touch on the core element that oneself need to have or to improve along your wealth creation journey.

The original article, by Michael Yardney, can be found on http://www.smartcompany.com.au/finance/48777-why-you-need-to-change-to-become-wealthy.html.

Why is change difficult for many of us?

Sometimes we love change and sometimes we hate it. In fact, some of us love to change and others fear it.

Because change makes us move out of our comfort zones. It takes courage to leave something familiar and try something new.

One of the jobs of our subconscious mind is survival – to protect us. It likes to keep things the same preferring safety and security over the untested and unproven. Haven’t we all heard people say “better the devil I know than the devil I don’t know.”

We tend to believe that if we stick with what we know, with what is familiar, then we won’t get hurt.

The problem is that in terms of wealth creation, it’s not what we know that’s holding many of us back. It’s what we think we know, that actually isn’t so, that is holding us back.

Many people are not totally happy and successful. They are not as far advanced with their wealth creation as they would like to be. They haven’t developed the financial freedom they deserve. Yet they continue to do the same things over and over hoping somehow things will be different.

Think about it… if you keep doing the things you always did, you are going to keep getting the results you always got. If what you’ve been looking for was where you’ve been looking, chances are you’d have already found it!

Doing more of the same even harder and longer is not usually the answer. Being willing to change will usually create better results.

So what holds most of us back? It’s our Wealth Operating System – our financial blueprint – the programming we received as a child.

This was initially described by Wallace Wattles in The Science of Getting Rich and more recently by T. Harv Eker in his great book Secrets of the Millionaire Mind (a must-read for all property investors).

Your thoughts lead to your feelings – Your feelings lead to your actions and your actions lead to your results.

It is no coincidence that your inner world creates your outer world. The programming you received, usually as a child, leads to your thoughts, your fears and your limitations about wealth creation today.

So one of the first steps in changing your outcome is changing your thoughts.

How do you think about money, success and prosperity?

What do you say to yourself?

What is that little voice in your head saying?

For many of us our thoughts revolve around fear, scarcity and limitation. The problem is that what you focus on expands. If you think about fear, scarcity and limitation – what do you achieve?

Remember: Your thoughts lead to your feelings – Your feelings lead to your actions and your actions lead to your results.

Many of us need to intentionally change our way of thinking. We need to start thinking about prosperity, abundance and success to enable us to attract those very things.

So why are we scared of change? Why do we find it hard to change our way of thinking when change is natural? In fact, the only constant in the world, the only thing you can absolutely count on, is change itself.

It’s because of our programming, our wealth operating system.

Yet most successful people all share one critical characteristic – the trait of adaptability. They embrace change. They look for opportunities to expand and learn.

Another common characteristic of successful people is that they have a mentor and they belong to a mastermind group. If you continue to do the things you have always done, you will continue to get the results you have always achieved.

I believe it was Einstein who said “The definition of insanity is doing the same thing over and over again, but expecting a different result.”

 

Michael Yardney is a director of Metropole Property Strategists, which creates wealth for its clients through independent, unbiased property advice and advocacy. He is a best-selling author, one of Australia’s leading experts in wealth creation through property. Subscribe to his Property Update blog.

Time to train more and upgrade your skill

trainingWith the stock market turmoil kick up by a poorer China economy result, local headhunter expected hiring freeze in 2016. I am not actually not shocked at the news, which you can get more detail from http://www.straitstimes.com/business/economy/headhunters-expect-hiring-freeze-next-year

Given a forward thinking to the situation ahead, it is only wise for us to pick up or to upgrade our skill and get trained. And i managed to catch up and conduct a much privilege interview with a niche course provider, Desmond Chua, that combined both training and consultation together. And here is the interview extract.

 

Fredrick : As usual, always been looking forward to chat with you, and so much we can learn from you. So what have you been up recently?

Desmond Chua : Hello Fredrick, I am very well and thank you for inviting me to be your guest for this interview. For the last few months, I am designing several workshops for the public program. The first one is about managing career challenges which would likely takes place in mid October this year. The one that is Live now is the “Keep Calm and Carry On Selling” program.

 

Fredrick : Wow, now you are into conducting of course! I guess your student will benefit a lot from it! Do shares with us on your course detail.

Desmond Chua: Well, I spent more than 20 years of my life in the corporate, having the opportunity to serve both local SMEs and regional posting overseas. And one thing that strikes me is many are unhappy at their work. This unhappiness can be due to the remuneration, the job responsibilities (some want less and others want more), work/life balance (bosses are giving laptops and mobile phones to staff) and many more reasons.

Since many of us spent a large part of our lives at work, surely it must make sense that we are doing what we love at work. On the contrary, many are not and that bothers me to dig deeper and find ways to resolve it.

Dream Jobs come true is not another career talk but one that can truly transform a person destiny if he puts in the required effort during the workshop. There will be many activities that we will be introducing to the participants, an atmosphere of fun-filled learning and interaction for all.

For registration, please contact Safra Jurong at 6686 4333 or email jrclub@safra.sg (Safra will be updating this program on their website, please check back soon)

 

Fredrick : What makes your course different from others in the market?

Desmond :  That is a great question! There is no lack of training out there and every trainer has its own strength and areas of expertise. I have been coaching clients  for the last 5 years in their relationship problems – from being singles, divorce cases to single parents and often career challenges is a big part of it. For example, guys who are single tend to think woman need man with financial stability and would not commit to a relationship till he thinks his career is “stable” (which can take tens of years for some). Then, there are couples who struggled financially because one of the partner is retrenched or in the midst of switching job or unemployed.

I had also been on both sides of the table, being an interviewee looking for jobs and interviewing candidates as well. When I was in sales, I spent a lot of time going for networking events and would seize opportunity to talk to headhunters, direct employers and those who are looking for jobs. This knowledge has served me well in the course of communicating with my clients.

At Eimi Group, we work with trainers/consultants who are passionate about impacting lives, they are lifelong learners and exudes traits of responsibility, positive attitude and humility. The bible has a saying ; ”Do to others whatever you would like them to do to you” Matthew 7:12.

Because of our collective experience, we design workshops with the needs of our participants in mind and we keep a close tab on the current economy, industry changes and trends.

Also, we believe everyone has a different learning style, some pick up oncepts fast  from hearing the speaker while others may reach their own “AHA” moments through participating in games-based activities. And that is important to us, because we want our participants to be happy, to learn something and apply when they go back to the office and not get hyped up and back to normal after the course. That defeats the purpose and go against our mission.

 

Fredrick : Thank Desmond on sharing so much with us and all the best to your course!

Desmond Chua : Thank you and God bless you and family!

 

How to start your 2nd income using Internet

changes-in-technology-6336Changes that Internet bring on

Let’s face it, comparing with the past, we now order more stuffs online when we fancy some gadget or clothing. Review, comparing and book more flights and hotels either online or via our mobile than ever. More readily to share werid incident or voice out our comment/picture on twitter or on Facebook. The world is shrinking right before us as Internet is binding us even closer than before.
The up-rising of Internet play an important role in enabling the ease of wealth creation for the common people out in the street. Opening a retail shop is never easy, the owner need to fork out substantial capital just for rental, renovation and hiring. But with eCommerce players like eBay, Taobao and Weebly, they have create a complete solution platform for anyone to open their virtual shop in a instance! Furthermore this virtual shop run 24 hr a day, 7 days a week!
With the level playing field platforms these eCommerce players bring to the table, and together with other Internet innovations, it just simply spur growth in various sectors like Logistics and create new sector like Online Marketing and Online 3rd Party Travel Agent and more. Wealth creation has long spill from this eCommerce cup into other. Business owner can now have Social Media Audit to review their online presence performance. That was never being done in the past till Internet bring on the series of changes.
cat-saying-hooray_thumb1Ok, after knowing that Internet have changed our life, what can we do to leverage on it? Now we are in a much better time and position to leverage on these improvement and start our second income using Internet itself. Besides that, considering what will happen after the musical chair game (we referring to the series of money printing action by various economic bodies) end?  The world could possible plunge into another recession. Jobs will be lost if that happen. It is time for us to roll up our sleeves, and start to learn a skill or to use your current skill to generate income on Internet.

 

Blogging

After starting up your personal blog with sizable followers, you could relied on advertisement as your income. You can using services like Google AdSense, that post advertisement links on your blog. When your blog readers click on those advertisement links, Google AdSense will pay you of the advertisement commission. And with some luck and with your interesting, well-written articles, you could even being approached by companies who want to reach your follower base with graphical advertising in your blog. There are true stories of blogger that able to quit their day jobs and blog full time.

Freelance Your Skill Online

As Internet help to close up the distance between each continent, there are a lot of Project Market places  like Guru where people list their project requirement online. It range from programming to content writing. You could easily make your skill that you mastered in your Day Job and become a freelancer.

Sell Your Products Online

First of all, check and review your exiting hobby. You never know one of your hobby could generate product and create income for you. For example, you may love to take picture and that is of commercial value and you can start to sell online. One of my friend whom is very much into Wild Life and her picture is featured on NationalGeoGraphic http://yourshot.nationalgeographic.com/photos/5196177/ and she could easily started to sell it online(https://submit.shutterstock.com/). What could be better than to enjoy your favorite skill/hobby and get paid at the same time!

Besides your hobby, you could also sell product that you are familiar with. Just like one of my friend whom have his own label and sticker products, that is very popular with children and young adults, listed in one of the popular eCommerce platform Qoo10.

SEO Review

Search engine optimization (SEO) is a growing area for Internet-based employment. It is common for businesses to use SEO as a means to improving their results from a search engine as more people turn to search engine like Google to look for both products and services.

Working with Online Marketing Company, you could turn in as a contract SEO reviewer. Such job normally involve evaluation task by judging a user’s intent based on the key word combinations provided and your own knowledge of popular culture in the user’s locale. Then, you use a set of given guidelines to evaluate how particular search results match that user’s intent. As SEO is a ongoing online marketing process, it can offer a steady income for you.

Investment

What we mean here, is investment choices in the future and not now. Guess some of you may be puzzled of what i mean by “investment in the future and not now”. Although eCommerce, Logistics, Online Marketing and Online 3rd Party Travel Agent business are blooming, but there are a lot of danger lurking around ready to plunge the world economy into another recession. And it better NOT to invest in such industries now, unless you know what you doing. What you should do, will to be investing in the mentioned industries when we are in the mid of recovery of next recession.

 

We will love to hear from your guys if you have any another ways to generate income online. :)

Are You Too Old to Be An Entrepreneur?

When anyone mention this hippy word – Entrepreneur, this image of a he is in his early 20s, sporting some messy hair and probably in blue jeans and with a hoodie will appear in your mind.

One of the best representative of the word will be Mark Zuckerberg-Founder of facebook that probably inspired more youngster to seek out such dream and vision. But the truth is many entrepreneurs don’t even think about starting their own business till into their 30s, 40s, and even 50s, only after many years of work experience.

David Sanders, the founder of Kentucky Fried Chicken’s, held a number of jobs in his early life, such as a fireman, insurance salesman and running filling stations until 1952 where the first “Kentucky Fried Chicken” franchise start in Utah. Meanwhile,  Joanne “Jo” Rowling, a British novelist best known as the author of the Harry Potter fantasy series, finish her first novel in the series in 1997 after facing some rough going in her life. And her fortune estimated at £560 million or more.

There’s still time, fret not. And if you worked a while, you probable pick up some real skill about life and business that will be helpful in your latter part of Entrepreneur path. You may start out the Entrepreneur path as part time, probably as your second income, and with you still on your full time job. And who know that you may just hatch the next big thing that come from Singapore?

Start now to think entrepreneur! You should start as part time whiles you still on your full time job.

How you interact with Stock Market? You React And Response?

Came across this meaningful article online and i will like to share with the readers out there. The same concept describe below also applied to the way how you handle your emotion in stock market when it turn on you.

React And Response

At a restaurant, a cockroach suddenly flew from somewhere and sat on a lady. She started screaming out of fear. With a panic stricken face and trembling voice, she started jumping, with both her hands desperately trying to get rid of the cockroach – Her reaction was contagious, as everyone in her group also got panicky.

The lady finally managed to push the cockroach away but …it landed on another lady in the group. Now, it was the turn of the other lady in the group to continue the drama. The waiter rushed forward to their rescue.

In the relay of throwing, the cockroach next fell upon the waiter. The waiter stood firm, composed himself and observed the behavior of the cockroach on his shirt. When he was confident enough, he grabbed it with his fingers and threw it out of the restaurant.

Sipping my coffee and watching the amusement, the antenna of my mind picked up a few thoughts and started wondering,

Was the cockroach responsible for their histrionic behavior? If so, then why was the waiter not disturbed? He handled it near to perfection, without any chaos.

It is not the cockroach, but the inability of the ladies to handle the disturbance caused by the cockroach that disturbed the ladies.

I realized that, it is not the shouting of my father or my boss or my wife that disturbs me,
but its my inability to handle the disturbances caused by their shouting that disturbs me.
Its not the traffic jams on the road that disturbs me, but my inability to handle the disturbance caused by the traffic jam that disturbs me. More than the problem, its my reaction to the problem that creates chaos in my life.

Lessons learnt from the story :

I understood, I should not react in life, I should always respond. The women reacted, whereas the waiter responded. Reactions are always instinctive whereas responses are always well thought of, just and right to save a situation from going out of hands, to avoid cracks in relationship, to avoid taking decisions in anger, anxiety, stress or hurry.

Second Income as Your Life Jacket

Time to wake up and smell out your second income

Time to wake up and smell out your second income.

Is it necessary to get a Second Income as your Life Jacket?

During one of my previous job, i got to know this lady colleague whom was working as a Graphic Designer and doubling up as a freelance wedding photographer over the weekend. It sound tough and unwelcome to work over weekend but her passion keep her going and she enjoy it thoroughly.

The twist came when she was unexpectedly retrenched off from her day job.  She just extend her wedding photography assignment to included weekday, and that help her to make both end meet until she found another new day job.

Her passion and her photography skill in taking each wedding couples’ heart warming moment,  have in return become her Life Jacket. Her story is a good example of have a second income as your life jacket, and if she did not have this Life Jacket, she may become emotionally disturbed and worst of all, falling into depression.

Have you found your Life Jacket?

Do ask yourself this “In this high globalised economy, where there is not much Job Security left. Do i have my own life jacket if i will to be retrenched?” Have this question started to keep you on your toes? If yes, next will be the million dollars golden question is “What and how can i start with or start from?” Let read on!

Ways to create your own Life Jacket.

I will broadly group any potential second income into two areas, namely selling products or by freelancing your services

Selling Products

  • Create your Crafty handiwork Product

You can start off by creating and sell off your own artwork,  jewelry,  or other handiwork products. And with the advancement in web technology, there are plenty of free and good online store like weebly.com where you can create online store to market your handiwork products!

  • Sell Your Creativity

One easy way is to sell your creativity is by designing your own T-shirts and products in print of witty words or funny graphics and sell them. With a creative design and at the right time, it could turn into a success story overnight.

For example, just like the recent HK Protest, one of demonstrator with his T-Shirt “Not Made in China“.

Freelancing Your Services

  •  Market Your Knowledge

Over the year, you may have start and expand your knowledge and developed your reputation as an expert in some field. Example like taking good care of your kid and to shape them into obedient kids.  One good way to get started will be to contribute your knowledge in some discussion website that suit your knowledge. Once you establish your command as an expert, you find yourself negotiating a rate with Event Organizer for making presentations or to write paid articles in some popular website.

  • Have Your Own PartTime/FullTime Service Business

Some of the way which you could market your Service will to think of some of the skills that you best at or skill that is unusual or valuable to other people. Do you know Web Programming well enough to be a Freelancer Programmer, or have a skill like Photography just like my female colleague that doing wedding photographic service? There always some forums that people demand such service, you can post up your services there.

If you’re in a more serious mode and interested in starting up a business, you can do up your business plan and start spreading the word among your friends/relatives to keep it rolling.

Next, Real live story of friend that create their own FullTime Service Business

Fredrick :
Much welcome our guest Jerry to be here for this interview. Jerry is of the capable ones among my friends! So, could you share with our readers that what have you been busy with during your free time, besides your current job as a Real Estate Agent?

Jerry:
Currently, I just started a cleaning business specialist in commercial cleaning with one of my army friend. Of course , starting a new business which I am not familiar in, is one of the issues I expected. But for me, every challenge is a learning curve. At the moment , we are a certified cleaning company by NEA. Even thought we are into the 5th months of our business, we have secure a few big contract from big established companies. We expect our small company will be able to compete with the big boys in the industries.

Fredrick :
Wow, seem like you have become your own boss! Do you think your current day job or any other previous job or any other interests that enabled you to build up your skillsets/Mindsets needed for this new role? And what will be the top 3.

Jerry:
Well, i will say the top 3 will be stay focus , secondly positive mindset and have a “never give up” attitude.

Fredrick :
And thanks bro for your time to share with us of your life story and wishes you all the best. And for more detail, head down to Jerry’s  website at www.apluscleansolutions.com for his cleaning services.

Your Life Jacket

So i hope this article provide you with ideas and information to help you to get started to create your second income. It never easy, but with some effort, you will find your second income. So let get started to smell out that second income of your!

Look for Suitable Job, not the Right Job

Recently, i came across this funny but profound article from Mike Rowe’s (Host of The Discovery Channel’s hit show, Dirty Jobs) reply to one of his fan whom been trying hard to look for the right job, but not the suitable job.

Look for Suitable Job, not the Right Job

And here some extract from his article and do read up at http://news.distractify.com/people/mike-rowe-crushes-a-mans-hopes-for-finding-a-dream-job-and-i-agree-with-him-100/?v=1 for the whole article that Mike Rowe on look for Suitable job, not the Right job.

Stop looking for the “right” career, and start looking for a job. Any job. Forget about what you like. Focus on what’s available. Get yourself hired. Show up early. Stay late. Volunteer for the scut work. Become indispensable. You can always quit later, and be no worse off than you are today. But don’t waste another year looking for a career that doesn’t exist. And most of all, stop worrying about your happiness. Happiness does not come from a job. It comes from knowing what you truly value, and behaving in a way that’s consistent with those beliefs.

 

Spend your time on the Suitable one

It is common to hear from friends, colleges or relatives, on looking for the Right partner, soul-mate, business partner, boss, career and etc. The list just go on and on. But such mindset/thinking just put up un-neccessary stress on oneself. You may just spend your lifetime just to look for the right one. For the same amount of time, energy and effort that you spend on searching for the Right one, you could have gotten back several Suitable one in various aspect of your life.

So let’s start replacing the word “Right”  with “Suitable” in our daily Vocabulary! And start spending more time to look for the Suitable ones  and on them!