Wednesday, June 2, 2010

My Personality Report

Did a personality profiling powered by JobsCentral. Below is the result.

At a glance:

• Does not like too many work demands, prefers to work at own pace.
• Detailed, meticulous and observant, quick to pick out abnormalities.
• Objective, but may appear detached.
• Does not get involve in other's personal problems.
• Quiet and reserved, prefers own company.
• Not concerned with rank, title or position.
• Sees people as nice and friendly, not comfortable to wheel and deal.
• Wants to lead people, has considerable influence over others.
• Orderly, methodical and systematic, takes care to plan in detail.

While at Work

Putting in a lot of effort to meet the demands of work is not Mr Goh's preference. He does not like to rush around doing things and may feel demotivated if work constantly encroaches on his personal life. Although he does not like excessive work demands, Mr Goh may still be prepared to put in extra effort if it is on a short term basis.

Mr Goh is relatively dependable to deliver results on time. He may sometimes be late in meeting deadlines.

Mr Goh generally will persist with work until it is completed but may at times not complete his tasks.

Mr Goh is likely to be quality-conscious and achievement-oriented. He is motivated to produce work that is of a high standard. He is observant, quick to spot errors and critical where work is concerned. He is likely to be meticulous, careful and pre-occupied with detail.

Mr Goh is an objective person who is impartial and rational. He speaks factually and often does not involve his own feelings and emotions. He may sometimes be perceived as distant or detached.

Mr Goh is selective in lending support to others. He often remains detached and unsympathetic. Mr Goh may not regard the welfare of another person as the most important aspect of their relationship. He is not likely to want to be involved in the problems of others unless necessary.

Being a shy, quiet and reserved person, Mr Goh prefers his own company and feels awkward when meeting people for the first time. In social gatherings, he tends to stay in the background.

Mr Goh selectively forms strong bonds with people although these bonds may not be very deep.

Mr Goh is moderately serious about his responsibilities and selectively takes ownership of his work.

Mr Goh does not care much about how people view him or whether they respect him or not. He focuses on what he wants to do for himself. He is unconcerned with issues of ranks, positions or titles. Status symbols are unimportant for him. He does not draw attention to himself and dresses moderately and simply.

Mr Goh sees people as friendly, reliable and honest. He is trusting and believes what people say. He tends to be unsuspecting of people.s behaviour and motives. He is uncomfortable when he has to wheel and deal.

Courage, vigour and initiative are some of the hallmarks of Mr Goh's character. He wants to lead direct and guide people in a certain direction. Because Mr Goh is confident, forward thinking and visionary, he commands respect and has considerable influence over others. He is able to harness the support of people.

Mr Goh is as keen to explore abstract concepts when the topic appeals to him and he is as interested to discuss theoretical issues as the average person.

Being orderly, methodical and systematic, Mr Goh spends considerable time planning ahead and organizing activities. He ensures that programmes are scheduled properly and takes care to plan in detail. Formulating procedures and policies is his forte.

Mr Goh is generally able to express himself although not to a high degree of eloquence.


My friends tell me how true is this report! Haha...

Saturday, July 4, 2009

Be smart and ride the wave of the economy

The economy works in a predictable cycle. Let's start from the end of a depression. When the market revives from a depression, stock prices will be the first thing that climbs up. Then, all kinds of interest rates will increase. This is followed by a drop in unemployment rate and companies posting good annual report. Stock prices begin to skyrocket and everyone starts to talk about how much they make in stocks. Those who have earned enough from the stock market will start to pump their money into properties. Property hype begins. Property prices shoot up. Interest rates continue to increase. Salaries increase. Economy is now in a boom.

During economic boom, more money is channeled into properties. Property prices continue to rise. Stock prices begin to stagnate due to lack of fund. Interest rate and rental rise to an all-time-high, businesses manage to survive because consumers' spending is still high. Consumers' spending is high because of good salaries, good bonus and good earning from stocks.

Usually when this happens, some bad news will set in and the market crashes. Stock prices fall sharply. Money in the market suddenly dries up because everyone withdraw their money out of fear. Economy begins to slow down. Rental falls, property prices begin to fall. Everyone starts to tighten their spending, resulting in poor business for every company. Business is bad, unemployment increases. The economy is now in a depression.

During economic depression, businesses with poor business model or poor products will be phased out. Interest rate starts to drop to help businesses to survive. The market begins its correction process. After the correction, the economy cycle repeats. Stock market will be the first indication, followed by interest rate, and finally property.

The rich understands this economic cycle. Unlike the poor, the rich will start to park their cash in the stock market towards the end of the depression. The rich will wait patiently for 1, 2 or 3 years. They are not bothered by the daily fluctuation in stock prices. When stock market revive, they easily make 200-300% return. The next thing they watch out for is the property prices. When property prices begin to show its first quarter increase, they will sell off some of their shares and grab a few properties. In another 1 or 2 years, their properties appreciate in value and they easily make a few millions. When the economy reaches its peak, they will sell off some of their properties, keep some to earn rental income and park the rest of their money in fix deposit, survive through the depression (which can last for about 5 years!) and wait for the next cycle!

Guess what the poor will be doing? They do the exact opposite. When the market is good, they got their pay rise and bonuses. They feel rich and start to think of some investment. Usually, they will turn to a bank and listen to those unit trust managers who show them all kinds of track record about the superb performance of their unit trusts. The poor will then put their hard earned cash into those unit trusts and become a victim of the next economy depression.

So my friends, we have missed the current economy depression. But fred not, let us just save for now and wait for the next economy depression. Never buy properties during economic boom and trap yourself in the asset rich but cash poor situation. In other words, this means you buy a property when the price is high and then when economy falls property price also falls but you are still paying loans for that high price where your cash flow is very tight now. If you are unlucky and get fired during the depression, you are in even serious trouble with the huge debt. You can't sell your property too cause the price will be so much lower than the price you bought it. So be smart my friends and ride the wave of the economy at the right time. Let's us all be rich in the future.

Thursday, June 4, 2009

A Lesson On Buying Insurance Policies

Below is what I read about the experience of a guy on the web. Just to share.

Recently, a senior of mine, a 60+ year old savvy businessman, showed me his insurance policy that is about to mature.....

To cut the story short, on maturity, instead of getting about $300,000 as he thought, he can only receive about $150,000, which is lesser than the total premium he has paid!

What he had purchased was an endowment life insurance. It's a common insurance product, where one pays certain premium every year and after 20 years, that person can possibly get back a lot more if he is still alive, or if he passes away during the insured period, his family will get a sum of money.

For my senior, his policy is about to reach the 20th year. But instead of getting $300,000, as told by his insurance agent many years ago, he can only get back about half of that amount.

Has he been cheated?

Definitely not.

For those of you who knows about endowment life insurance, there are two components to the return. One component is the guaranteed return (which is always lesser than the premium you've paid). The other component is the bonus return (which is the 'extra' money the insurance company will give you IF they make money with YOUR MONEY).

Because of this economic crisis, the bonus component has dropped significantly, so low that after adding on to the guaranteed component, the sum is still less than the premium that he has paid.

I think this is a great lesson to many of us, especially those of you in your 20s and 30s.

Below are some of my thoughts about buying insurance in the future......

1. Let insurance BE insurance

Many people buy insurance for investment purposes. Have you heard of insurance agent saying things like "After 15 years, you will break even. After 20 years, you will make X amount of dollars!"

What if on the 20th year, exactly the 20th year, there is an economic crisis, so serious that the stock market indexes retrace back to the level 20 years ago, as what we experienced in March this year?

This is what is happening to my senior.

I'm not saying "Don't Buy Insurance". I'm saying "Let Insurance BE Insurance". That means if you were to buy an insurance, just buy the insurance component, not the investment component.

There are insurance packages that only cover death, critical illnesses and accidents. They are much cheaper in premium because there's no investment return. If you do not make any claim this year, the money will become profit to the insurance company. To you, you're buying an insurance for any possible misfortune.

If you want to invest, you should learn to invest yourself instead of leaving the money to the so-call 'professionals', thinking that they will take good care of your money.

2. You Don't Need A Life Insurance If You Start Planning Early

A 'no-frill' life insurance is one that will give your family a sum of money if you pass away. The reason why you need a life insurance is because if you are the financial support for your family, the money will be useful to help your family to get through the difficult period.

Such insurance is good, but there is a better alternative - rental property.

Imagine if you own one or a few rental properties. If anything were to happen to you, your family can still live on the rental income. Isn't that better than life insurance?

Once you have even ONE rental property, you will not need any life insurance. You may still buy insurance to cover things like accidents or illnesses, but save on life insurance because you already have a better alternative.

Of course, it may cost a lot more to buy a property than a life insurance. But if you plan and work on it, it will happen.

Personally, I bought all kinds of insurance in the past. But if I were to re-start buying insurance today, I'll only buy one that covers me against accidents and critical illnesses. I'll not buy any life insurance or any investment-linked insurance, for the reasons we've discussed earlier.

Friday, October 31, 2008

Soo busy

Oh my god! I am so busy!
Feel so tired now.
3 more projects to go.
Can't wait for exam to finish and enjoy the holiday.
Still got 1 more month and 1 week.
Endure endure!
Jiayou!

Sunday, October 19, 2008

Close luck

Bought 4D to try luck for the 2 draws this weekend.
The number bought was 8246.
Saturday's draw opened 8346.
Sunday's draw opened 8642.
You tell me.
Isn't it frustrating?
Hahaha...

Source of motivation

All the while you have been and always will be my source of motivation.
Looking at how hardworking you are.
Looking at how focus you are.
Looking at how considerate you are.
Looking forward to the days of meeting you.
Motivates me to finish my school work as soon as possible.
This semester I had been so hardworking is all because of you.
I had been quite a slacker for the past two semesters, doing work only at the last minute.
I am so glad that I have met you and I thanks you for all, it really means a lot.
I believe the motivation is still there,
but I guess the huge workload are starting to overwhelm this motivation.
I start to slack and resist doing the work.
I can't let this happen.
I need to stop this resistance within me.
I am afraid.
Afraid that I have no time.
Afraid that I can't finish my work.
More afraid that I can't see you.
More afraid that I can't accompany you.
I will miss you.
I always miss you.
I can't let this motivation be overwhelmed.
Or will I be overwhelmed?

Saturday, October 11, 2008

Surprise 2

A sudden surprise.
An unexpected surprise.
Kind of nervous at first.
But it turns out well. =)
It's a great day.

Saturday, October 4, 2008

Surprise

Thanks for the necklace =)
A very nice surprise to me.
It's so thoughtful.
I find myself loving you more and more every single moment.
I will always be there for you.
Remember that I care alot for you.

Friday, September 26, 2008

Recess week

This week is the recess week but I had been so busy for the past 4 days!
Had been going back to school from morning to the evening to do school projects.
Should be called project week and not recess week, so tiring.
Finally can take a break for today and go watch Mamma Mia with you =)
Love the songs in the movie.
After today have to rush project again. so sian.. Haha...

Enjoy every moments with you.

Sunday, September 21, 2008

Singapore Flyer

Trip to the Singapore Flyer!
Took alot of pictures haha...
Really had an enjoyable day.
Popeye chicken didnt taste that great. hahaha...
Thanks dh and ch for the great lobang! =)