Half-Conscious Update

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Dear Readers,

Thank you for coming here!

This is going to be a quick one. 

After 6-hour interviews, my head is half dead to say the least. 

I have done 6/7 hours of face-to-face interviews in a day before. Never thought online interviews would be more tiring on the mind.

So this will be a quick update.

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1.All the interviews

I have done 10 interviews in the past two days. This has become the full-time job.

Luckily, work is not so full now.

And I am only half way through.

This is so far the largest hiring efforts for me.

The experiences did bring some additional learnings about interviews for both sides.

I will summarize those in a post after I have gone through the whole process.

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2.All the games.

When Cyberpunk 2077 first came out in Dec, I was quite busy and did not play it. 

Afterwards, I was just scared off by all the ridiculous bugs, reported by players.

A friend tried Cyberpunk 2077 again recently and told me that the game was playable now after all the patches.

So I tried it also. 

And I am hooked.

I have always fancied a futuristic and chaotic world. I still remember the first movie of this kind where Humans can unlock the full potential of our brains and be God-like!

Even only a few hours in the game, I can see the complexity and connections of the storyline. If it is anywhere close to the Witcher 3, it is a more than great game. CDPR’s ability is not to be underestimated.

The gameplay is good too. The shooting is definitely not the best but it is good enough for a RPG. The progression and weapon systems are good too!

All in all, I think I am going to throw lots of hours into this game.

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3.All the cases

The recent outbreak of Covid cases is literally in my neighborhood. We have been keeping our kids at home for a while. 

Luckily, my wife and I are both working from home.

Sometimes, I cannot help feeling lucky not being able to onboard my China job. If I did, we would probably be in different places in times like this.

Money is important for sure. But life is more than that.

Stay safe!!

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4.All the losses

The stock market….arh…do not even get me started on this.

Till next time!

Where does Money come from?!

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Dear readers,

Thank you for coming here!

I read about an interesting research on “Where does Money come from?” the other day. 

It was done in 2019 so it is a bit outdated, but I believe things should not have changed much over the last two years.

Therefore, I would like to share it with you in this quick read.

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Where does Money come from?

In 2018, 

• 73% of the income of Chinese residents came from work — “People-generating money”
• 27% came from investments — “Money-generating money”
• In US, even for the richest families, about half of the income came from work

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I think it tells us two things to get money.

1.Focus on improving our work efficiency and output

It is clear that work generates most of the income for the mass population.

And that is just the average.

That means, for some people, work can even generate more than 100% of their wealth. That is what happened to me when I first started investing, with negative returns.

Therefore, to accumulate wealth, the best way for most is to focus on improving our work efficiency and output and use that to trade for wealth.

This is especially true when we do not have big enough capital.

2.Start investing as early as possible and make it a continuous journey

On the other hand, 27% is significant. 

Therefore, we should definitely not ignore it. No matter we like it or not, investing is going to be a “must” for us. 

I did not start investing until past my 30. If possible, you should start as early as possible. 

The earlier you start, the less costly your mistakes will be and the more time you will have to make compounding work to your favor.

And it should be a continuous journey. And I mean two things.

1. You should spend time on it continuously to learn and practice. Spend time on money related staff at least every week.
2. You should keep exploring new things, not limiting yourself due to laziness. I limited myself into “DCA into ETFs” without knowing there are so many other ways to invest.

This does not contradict with the first point. Time will be available if you really think it is important.

I did not spend extra time on work before I started investing. I spent it on gaming, movies and etc.

Besides, focusing on just one thing, as many tell us, sounds so boring.

I think we can manage to do two things well! 

Happy work and Happy investing and Happy getting rich!

Till next time!

My Market Transactions — Wk 3 2021

 

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Dear Readers,

Thank you for coming here.

Another update on my transactions.

I might be enjoying the buying a bit too much. I think I need to slow down.

Over the past week, I made the following transactions:

Capital injection: ~16KSGD

1.Semiconductor Mfg Intl 

This is the leading enterprise for Chinese Chips. 

The share price kept shooting up. We have decided to buy more, at a much higher price than the first transaction of course.

We believe there is still potential and also this is the compare we are willing to bet on for the long-term.

The price did drop a bit after our second buy. Let's see how it performs going forward.

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Capital outflow

None.

But I am seriously thinking of clearing my ES3 positions. The index is just not moving. 

We are still making the decision,

Happy Investing!

Till next time!