Thursday 30 August 2007

Happy 70th Birthday Mom

It just hit me, as we were planning my mom's birthday... that she is 70!

Strange... suddenly it hit me that my mom was "old".
Up to the 60s (my mom's age that is), she's always been mom... nagging, bothered abt status and bothering me abt my lack there of, throwing money at my kids... mom.

But 70 is suddenly different.
My aunt just passed away a coupla months ago, and she was 73.
Now that my mom is about to be 70... she's catapulted into a different category - the "old, may not be with you too long, let her indulge in her geriatric dilusions old".

She tries to be nice, although she does it in way that "irritates" me... like throwing money at my kids (how am i going to teach them the value of $, if they get it so easily), like asking me quite a few times- so u dun even get to fly business class ah... (when my bro flies 1st class now), like berating me in front of the relatives.

Somehow, it is always easier to put up with it, when they are old folks not your mom - u give allowance, and nod patiently.

I need to learn to be patient.
Instead of ignoring her questions (I rather just keep quiet, then answer an irritating question), I will try very hard to accomodate her.
I will learn to be grateful and thankful for her generosity (it's her way of showing her love).
I will pray for her, and offer to pray with her.

That's gonna be my birthday present... Happy Birthday Mom.

Tuesday 14 August 2007

Stock Market

I have learnt that

1. Invest only with with money which you are prepared to loose
thinking about what u will make, only clouds the issue, and may lead to severe losses

2. Holding power, is the only weapon we have, in a market controlled by Big Players
as my market timing is bad - at least with holding power, u sell when it has reached your selling price, and not because you are forced to
the loss is only realized, when u sell

3. Making money
strangely enough, it is much easier to loose money, than make

4. Speculating vs Investing
there is a bit difference between speculating and investing, one based on rumors/gut feeling, the other based on fundamentals
it is easy to start off "investing", but too hard not to cross over to "speculating"

5. Which share to buy
whilst easier said then done, invest only in companies you understand, and industries you know

6. The analysts don't know it all
Whilst research reports are helpful, they are only opinions. I love how Citibank put a sell call on Cosco, with target price of $2+, only to reverse to a buy call with target price of $5+ only 1 month later

7. The market is not really rationale
I don't know why SingTel shares went up from $2 to $3.70 within a few months, even though I was an insider...

1 Timothy 6:10
For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.