Brian Tracy - 10 Goal Method

A video on goal setting. Do watch and let me konw how useful you find it =)

Stock Portfolio Review for 2009

With the year 2009 coming to an end, I am doing a review of my existing stock portfolio. This will serve as an online record for me too.

These are the following stocks in my current portfolio.

1. 12,000 x Ascott REIT
2. 7000 x China Aviation Oil
3. 17,000 x First REIT
4. 15,000 x Innotek
5. 35,000 x Kingboard
6. 6,000 x NOL
7, 37,000 x Pac Andes
8. 1,000 x Suntec REIT
9. 11,000 x Unifood
10. 1,500 x Citigroup



Innotek was bought sometime in year 2008 for dividends. The stock price fell terribly and I am still sitting on a paper loss.


Kingboard was bought because I thought there was some potential in it. Still holding on to it.


NOL was meant to be a short term trading position which ended up as long term position because the price fell and I refused to cut loss. Lesson learnt and my money is stuck in this ship once again. I have profited twice (I think) from previous trades.


Pac Andes was a buy because I thought the fundamentals were good. I am not too sure about it now and I think I would sell once the price is right.


Suntec REIT was bought for the dividends. I used to own 11,000 but then sold the 10 lots to take up a short term position in NOL which I now regret the price of Suntec REIT has risen while NOL has tanked.


Unifood was a stock bought during my university days. Stupid mistake.


I realised that I am not really a long term holder as I thought I was. Apart from Unifood, I think I have held the stocks for all less than 5 years. I sold away all my Hongguo as I had made a decent profit in it already this year during the recovery.


2010 will be focused on stocks that have good potential. As I believe that the stock market might tank again soon, I will liquidate my stocks when I get the chance to.

CPF Scam?

A recent report on the straits times that details how consumers should be warned against this kind of CPF Scam. I guess in this case, both CPF fund members and the financial advisers are in collusion to get some cash back from the CPF money which they cannot touch. It is pretty similar to those of the HDB cash back practice amongst real estate agents that was rampant over the past few years.

CENTRAL Provident Fund members have been warned they face fines of up to $10,000 if they take part in a scam that has just come to light.

The CPF Board issued the stern warning after a report in The Straits Times on Thursday exposing a practice adopted by unscrupulous financial advisers who plunder members' CPF investment funds.

Some CPF members who are desperate for fast cash have agreed to take part in the scam, which involves the rapid buying and selling - or 'churning' - of investment products using CPF money.

The members dip into their retirement savings to buy and sell investment products under the CPF Investment Scheme - and in doing so they become eligible for cash rebates used as a carrot by errant financial advisers. The advisers get to pocket healthy commissions.

CPF rules prohibit members from pocketing such cash rebates. All gains or rebates from CPF investments must be put back into members' CPF accounts, to ensure they have enough for their golden years.

A CPF Board spokesman said: 'CPF members found guilty of working with errant financial advisers to pocket cash rebates which amount to premature withdrawals of CPF monies may be fined up to $2,500. For second or subsequent convictions, the fine may be up to $10,000.'

Wishing All A Most Blessed Christmas!

"For to us a child is born, to us a son is given, and the government will be on his shoulders. And he will be called Wonderful Counselor, Mighty God, Everlasting Father, Prince of Peace." - Isaiah 9:6

Wishing all readers a most blessed and wonderful Christmas! Christmas is the season of giving because of the birth of Jesus Christ, God's gift to all mankind.

May you find the true joy and spread it amongst family and friends.

What Color Is Your Parachute?

In my current search for a job, I have been reading this wonderful book called What Color Is Your Parachute.

I borrowed it from the library and I must say that this book is impacting my life in more ways than I can count.

I am not too sure why the title of the book is as such but it is really a good book to read.

Amongst the books that I have read, Robert Kiyosaki's Rich Dad Poor Dad and The Richest Man in Babylon are perhaps some of the books that have affected the way I think about things.

Holding this current book in my hand is indeed such a joy. It is as if I am being introduced to a new concept altogether just the way my world was opened up to things like passive and portfolio income when I first read Rich Dad Poor Dad.

I have followed the book's instruction to sketch the picture of my ideal life here.

What Will You Do For Christmas?

Christmas is around the corner.

The streets are decorated and Christmas songs can be heard all around. People are busy buying presents for loved ones.

Here at home, I am listening to jazzy Christmas tunes. The music does make me feel like I am in some other country celebrating Christmas.

Already, I am dreaming of the turkey and the honey baked ham that I will be having on Christmas day. Good food, good times.

What will you be doing for Christmas?

What have you bought for Christmas?

Malaysia Boleh

After returning from a Malaysia trip, it sometimes amuses me to read some funny news like the one below. How did they even manage to pull something off like that? Imagine if they go to war and realised that all their jets were actually sold off already and there was none left in the inventory... Engine found missing late last year but only out in the news now..


KUALA LUMPUR (AFP) - – Malaysia will take action against air force personnel involved in the theft of a 14.5-million-dollar fighter jet engine sold to a South American company, according to reports Sunday.

Defence Minister Ahmad Zahid Hamidi said the company hired an agent to take the 50-million-ringgit engine out of the country from a military airbase, the Star newspaper and national news agency Bernama reported.

"The ministry will take legal action at the international level to charge the company involved," he was quoted as saying by Bernama, without specifying the type of action or identifying the company.

"Stern action will also be taken against the Royal Malaysian Air Force staff involved for betraying the country," the minister added.

Air force officers found the jet engine was missing late last year during a routine maintenance service, but the matter became public only after the English-language New Straits Times published a report on Saturday.

The newspaper also said police had arrested four individuals, including the buyer, the seller and air force personnel who assisted in stealing the engine, used as powerplant for a single-seat fighter and reconnaissance aircraft.