Amoeba - My Destiny

It is really a new experience every time i been to Amoeba learning session.

This time it reinforce what i learn previously by Datuk Lawrence on self- affirmation which is so powerful that separate 20 / 80% pareto rules.. I have been not practising recite PCC . Now i realise the importance of this PCC to create positive mindset and belief level that is so strong that other external circumstances wont stop us. Justification will only stop or hinder our progress. Never mix with the negative influence and keep reaffirm the mind that "I BELIEVE I CAN DO IT "

Alpha stage- Before sleep , is the best time to pump up the positivity into the sub conscious mind ! will practise that !

Stock investment

3 days of long hour classes in relates to stock investment with Adam Khoo, starting from the basic of stock, financial statement reading, useful ratios, business analysis, PV & intrinsic value, investing game and others really broaden my mindset towards applying what i have studied in university.

In the millionaire game, i would say im a little conservative. Buying 100 - 150 lots , compare to others who may be buying 1000 lots. Besides, i still keep holding the stock while others are selling it. Easily influenced by others and feeling regret after that. Make few right decisions, too taken for granted with life - mutual funds - trusting something that is too good to be true. Ask for opinion which affects my decision. My aim is to win, without a clear target to achieve. The businessman who wins really deserve it , as they are more aggresive type who will leverage on bank loan to finance the purchase of house when economy down as well has good foresight of which is the good stocks even they have no financial background. Not panic when economy crash. It helps me in managing my cashflow , with reserves in the bank in case of any uncertainties - no house rental to cover premium of rental, lose job, and others. Fill up SOCI in the beginning of the quarter, and SOFP in the end of the quarter. By monitoring it consistently, i will be able to monitor my net worth.

I would say with KNOWLEDGE alone is insufficient as i may be lack of real life experience. I would not blame my mistakes , but i treat it as lesson learnt :-

• never influenced by others.
• cashflow management 
• reduce lia - increase asset
• cover "must" exp
• too naive to being trust others. trust myself - for investing own money.
• Dont sell stock -with the belief / greed that it will go back higher / lack of discipline / influenced by others
• Have cash, but never fully utilised it ( not investing is even higher risk )                                         

Besides that, i learn about 10 fundamental analysis of FS 

• Sales , cashflow, net profit increasing ( annual / quarterly ) 
• Economic moat - ROE > 15% / GPM & NPM / brand , monopoly , barrier to enter
• Risk is managed
• Management buy or sell stock
• Cashflow 
• LT Debt = 4x net profit
• 50 , 150 , 200 SMA / 20 40 EMA ( 1 week = 5 days ) for daily chart only/ jack weekly - 2/5 weekly EMA 
• Intrinsic value - beta / operation cashflow ( 4 qtrs ) / Total debt = ST + LT / growth rate
• Growth rate 
• ROE / ROIC > 15%

Besides i also learn about candlestick

• hammer 
• doji
• long chain
• dark cloud cover
• piercing 
• harami
• bearish engulfing

co having negative / inconsistent CF ( PEG 1 < x < 1.3 )

co losing money ( buy - PB < 0.5 )

bank ( PB 1.2 < x < 1.4 )

property developer ( buy if price 20% less than NAV )

Choose stock based on daily usage ( consumer monopoly ) , stock screener , bloomberg news , gurufocus to create a watchlist of 15 co .. hold 10 stocks max for better management with multiple industries ( portfolio )

Adam Khooooo

Awesome presentation.. !! as expected from a world class presenter

It is focusing on Stock investment . but actually it links with Financial statement reading , P/E ratio, intrinsic value, director declaration and others which i learn from ACCA. But it is real life game of stock which involves real money.

Besides what's more important to attend his workshop is his MINDSET. there is similarility of his with Datuk Lawrence's mindset. Both have high BELIEF level in themselves. I realise after datuk's workshop, the belief level is not as strong as previously. Maybe i have to keep reminding myself and stating WHY i have to keep the level of belief high at ALL TIME. Only with measurable reasoning, then i would have know how to overcome it .

Adam - strong enthusiam in giving presentation and excites us at all time with his facts and knowledge makes me stay wide awake the whole 2 hour briefing on stock. He applies NLP to develop curiousity at all time - ie " giving out for free" ? " / " finish his sentence " / " fill up the form " " relevant charts with figures that excites us " / " 5% of his knowledge" ... which makes audience waiting for his to give more n Paps ~~ there goes the sale of the workshop TICKETS.

What i learn tonight is :-

• Intrinsic value - future income generated discounted to PV
• ETF ( at least 3 )- long term
• Index
• Passive Income - Financial freedom
• Wealth calculator = Liquid asset / expense - passive income
• How only will have Financial freedom - 10k a month ? how much saving per year ? at what age
• Belief level
• Action - winner take action , losers procrastinate n give excuses

Passive income are generated from -

- business (Stocks)

-property (REIT)

-Intellectual property

One can get info of Director buying and selling / can get to know the intrinsic value - over or under valued - 5 / 15/ 25

(P/E of index from bloomberg )

Moving average used - 50 and 150 days . cross with both slanting downwards or vice versa to buy or sell.

Shanghai , Jakarta, Hong kong, Singapore is a good place to invest. Get to broker and get MA and others for free . Invest in Index for long term - 20 years+ will see an uptrend . Min 250 to start investing. If cant manage small fund , how to manage big money.

It is a MUST have if want to be rich .If doubt and have low belief level, then one cannot be rich... Rich - how many months can sustain without active income ( AI - can stop if not working )

First - what lifestyle u want ? then what strategy ? then financial plan to invest right ( Knowledge is the best protection level )

US is good place to invest with low commission and min 1 share only . There is all uptrend EXCEPT JAPAN . there is always a false breakout throughout the time , but remain calm with good analysis to support ur own reasoning

Invest 10% of saving ! Don invest will lose 75% due to inflation ..

10 criterias to meet -

- insider buying stock ( can get news )

- stock price is below intrinsic value

- stock price is on uptrend

New Perspective

I learn "mirroring" from Adam Khoo's book. Find someone that you find to be a good mentor to be your role model. Copying his style of outfit, the way he speaks, and more importantly his mindset.

I have few great mentor in life. From teachers such as Miss Bee Lee, Mr Teng, Miss Menon, Miss Rozi, Mr Simon . From ex-gf who teaches a lot of values and reality of life to me which toughens up my mindset as well as making myself more mature in few months. From parents with great loving, passion in what they are doing, and shaping myself. From leaders such as Adrian and MK who consistently coach me even during my hard times. From staffs such as May and Jenny that assists in my work when im still new to work. From friends such as Hoong Kin, Jeffrey, Wei Hong, and others who are business-minded and investor savvy persons ( entrepreneur mindset) . From FOREX traders friends such as JZ, and Vincent. From Amoeba friends such as Elaine and William who teaches me leadership, public speaking, NLP and others. From best friends such as Kenneth, Martin, Ching Yee , Yee Seng, Lip Yong, whom i share great laughter with them.

I realise how important to mix with the right type of friends in life. All in a while it is necessary to mix with some crazie friends to release stress, n get a feel of back to uni life. But i have to realise that in order to develop the right attitude and mindset, i have to consistently surrounded by positive minded entrepreneur who is a thinker n implementer. Spend 3 nights meeting with entrepreneurs to update myself of new business strategy and industry trend.

I like what Dr Wong said, "networking" .. But it is more important to find the right people to speak to for a productive time . i once talk to a self made millionaire insurance salesperson, who always find someone older and wiser to speak to in order to learn at tremendous speed.

Having to see so many people in KL driving nice cars. It is not easy as we assume. It is the effort that put in thats counts. Adam Khoo says 10000hours spent to be expert in a certain areas. Once has to climb up the ladder of knowledge slowly, faced with obstacles, find ways to overcome, in order to grow to what they are today.

Datuk Lawrence sleeps less than 5 hours a day, Mr Goh says sleep more than 5 hours a day is a sin ( same goes to Miss Geetha n Miss Menon ), Dr Wong sleeps from 2- 7 am but yet they all still remain so ENERGETIC, but i sleep 8 hours a day but still so tired. i think it is the willing power to remain alert defeats the sleepiness and the habit of it. Right supplements and diet will improve it with some exercises.

How to buy time ? Dr WONG's theory- to double the time, work when other people looking at clock to go back, HK artist - gym at 12am when others are sleeping, dad who does sales till 10pm last time, MK who does insurance planning till 12am, Dr Wong who works during holiday and weekends, Elaine who works till 2 /3 am to design the ALC schedule for us, brother who works OT and sleep at irregular hours as a doctor. People works 8 hours - Singaporean works 12 hours ( which makes them 2nd in the world n lot of Millionairesss )

Love can be quantified by time. Spend quality time with family and loved ones.

The art of praying to Buddha- bring him luck with lot of people assisting him at the right time. It is his high belief level and strong visualisation that brings him to where he is today. Critical THINKING, of disagree if it isnt right, and sharing his knowledge reinforce his level of understanding.

He has luck to get a good mentor in his life - BLUE OCEAN . Dr Bong who teaches him lot of things . Doing something people thinks it's impossible. Tap the untapped market. First impression that matters ( facial )

Everyday time is spent on reading 1-10 pages increase the knowledge level - the way someone communicates show how much ones know about an issue. William who speaks so well in public speaking is due to his vast reading, applying and sharing his knowledge to others. When it is shared, he gets the result twofold.

Why he reach the top at 38years old and headhunter by so many big corp ? he is working at ad hoc basis - project based ( more challenging - consistently thinking ) being backstabbed by others but still remain strong. Working with others not for the fixed salary ( OBLIGATION ) but to actually add value to others ( 1 and half year to bring 40% increase in sales ) as well as increase knowledge of particular new industry ( oil palm - vast usage of its waste material - BIG market ) ..

Consistently MOVE FORWARD , but focusing NOT on people but on the ISSUES . even after scolding someone - still can talk because not attacking the individual but his wrongdoing issues. Dont care how peoples see or talk about us, as at the end of the day, it is our "RESPONSE" that leads to the "OUTCOME" , but not the "EVENT" that matters ( Adam Khoo's theory )

Never give justification, do not occupy space is my dad's theory which is perfectly true. May can work very well, but due to her seniority, justification given to protect her own interest may limit where she can fly.

One has to start from basic, slowly learn the subject matter and implement what is learn in the business. I BELIEVE IN MYSELF that right attitude, mindset, action, response, love, time management, people, knowledge, will lead to BEST RESULTS one day .

Seminar

A looooong day for me ..

Although im tired, i try to keep this as brief as possible . if i update tomorrow, the memory will not be as strong as tonight.

The seminar conducted by Daniel is quite good . With different perspective on forex by focusing PRICE ACTION through candlestick bars .

i learnt pretty lot of new terms

• triggering point
• bull / bear
• bullish / bearish
• Doji +
• long speared doji
• hammer / hangman
• supply (resistance) / demand ( support )
• reversal point / supply & demand / price forecasting
• fobucinno - extension / retranchment
• lot number
• 3% of total amount
• mini / micro

All these will be just terms except i actually try it on real demo account. Practise makes perfect . Never predict but take action. Initially it might be slow , but with practise , i BELIEVE results will flows in !

FOREX

Recently , 2 group of channels came together at the right time to guide me in Forex , which develop the BELIEVE to make money through this exciting financial asset

It gives me a platform for me to apply what i have learnt from ACCA P4 , in real money terms ! Mario favourite quote- CONSISTENTLY PROFITABLE ! is exciting with 5% ROI per month .With fundamental with technical analysis, it will helps in backing up my choice of trade.

here are the questions before start trading :-

Whether to buy / sell , it depends on when i exit .

when to enter .

how much to buy

when to exit

whether to move Stop loss

Identify trend / range before using indicator

Trend- trend / range - oscillator

candlestick to read

Mastery is the state where , you have undergo

- learning

-earning

-creating

Be BETTER , to be EASIER !

5 factors that will impact the forex - government policy, natural disaster, economy , international trade, political factor.

remember it is to 4 DECIMAL PLACES

match Strongest/ weakest ( BUY)

follow TREND ( fail once - sacrifice one SL) > REVERSAL ( fail always )

trend is the series of higher highs and higher lows ( at least 3 peaks ). SL = previous low

Calculate for range - 10% (EP) 75% (PT) 1/2 ( SL)

Risk = x.pip to SL.pip value / capital

Accounting

Bank reconciliation , cashflow planning , FOREX , documents management , soft skills, authorisation ( audit ) , tax planning, budgeting, costing, banking finance issue , economy situation, World news ..

what is all these ?

These are the things that i learn in theoretical which is useful in my working environment as well as in investment wise. Since i know the basic , i understand these rather quickly. However, receiving the right source of info is important or else i will learn the wrong thing ( non-accountant practical teaching ) . That's y i have to listen to both sides , analyse , do research and derive Ryan's method to settle it . Trial and error maybe required.

For example in FOREX, i understand rather quickly .. however there are still other technical knowledge that needs to support my analytical skills . Trial and error of every single indicators will lead to the most comfortable investments.

However some skills learnt in school , if not recall / refresh/ use , will actually written off ... that's y reflection will help to refresh my minds of the things applicable in real working life.

Ambitious

I have targets . Targets to achieve in days , months , or year basis . I understand it is not as easy as just writing it down and listing the action plan. But it has to start from somewhere. If it is easy , it is NOT TARGET ...

This year, i have few targets on my head .

• To grasp and adapt to working environment in 1 year
• Build my house and a project in 1 year
• Maintain good relationship with boss n staffs DAILY
• let down ego , and learn DAILY
• complete 5 tasks on weekdays
• make co profitable with consistent income in 1 year
• learn Insurance / real estate / Forex / other investments in 3 months
• sell and learn to sell
• buy BMW at end of the year
• get a girlfriend :p

Since so many things in my head, i have to prioritise which and which to focus on. Time management is the key.

Plus Point

How do i evaluate a girl ? frequently asked by my friends .

certain things / actions done will actually add point to a girl - possible girlfriend , and there is deduction scheme as well :-

+++

• care kids , know how to teach them , and close to kids +2
• smile often +3
• long hair +1
• soft voice +1
• speak same topic +2
• outlook +2
• fragence +1
• attire +1
• feel +5

-----

• smoking
• speak vulgar
• loud voice
• boyish
• chubby

From ACCA student :p

Position n Knowledge

I am grateful to have a mum who is so caring, understanding, listener, and does not grumble as other mum does . A dad who diligently find ways to teach me "Directly" and "Indirectly" through his past experience / staffs / brothers.

I may be lucky to be positioned as Finance Director for my first post , but if it does not reflect the level of contribution towards the company, then i may even worse than an executive. My ONLY OPTION is to LEARN as fast as possible , ASK to make sure i know any doubts in my head, COMPLETE tasks given, be INDEPEDENT - do self study and research rather than waiting to be spoonfed, give ideas by THINKING critically.

But i have to ensure that BELIEVE level is high towards:

• Myself
• Father ( boss )
• Company
• people i work with

I may want to learn 24/7 a day but time is limited. Time apportionment towards balanced lifestyle of - sports , entertainment , family , study, career, investment, reading . I am actually looking and waiting for a girlfriend , but it is not so easy to find someone who match my expectation as well as they have feeling towards me . it is NOT IMPOSIBBLE , but depends on fate . When it comes , it comes ... Rather than FORCING the way results in unnecessary breakup .

Lesson from dad today :-

• sleep early (think critically)
• act professionally
• dont too overdependent ( self study)
• creditors ledger to support figures ( file )
• bank reconciliation - prevent bounce cheque / cheque unpresented.

Meeting with Dr Wong

It is indeed a great experience to deal with a big gun who has such influential power with media as well as contact to the Prime Minister. A PHD holder who speaks differently and does things professionally.

Lesson learnt :-

• do proper homework before presenting to the boss . Hands- on experience ( field visit ) will ease in presenting the ideas as well as market research.
• strategically think of ideas to SOLVE PROBLEMs of hotel operators as well as generate revenue to the university( win win solution )
• think of ideas people think impossible and SHOW to them that it actually WORKS
• use "CHALLENGING" instead of difficult to think CREATIVELY to tackle business problem
• regardless of the plan working or not , BELIEVE that it will WORK with proper analysis
• use 1 - 2 -3 to highlight his points ( professional )
• fast LEARNING CURVE - drive BMW 5 series ( girls will then eventually come)

Me :-

• be earlier than purchaser to do site visit - know the staffs ( understand the floor plan / locations / condition viability )
• never show PRICE LIST till buyer shows interest ( negotiation technique )
• never listen and absorb one's saying (fools - negative) but analyse and think of solution / why he says so
• never afraid to ask
• always listen to 2 persons perspective

Dad :-

• think in advance what they gonna say so can tackle each questions
• NLP - speak softly of the benefits ( emphasis the importance )
• touch the buyer's body - show closeness
• think how IF - buyer is not greedy ( not accept bribe )

Reflection

This is my first post on "Reflection"

The reasons (Objectives) to write blog on this is to :

• portray the things that i have learnt on daily basis as i believe recall is the fastest way to embed every lesson learnt deeply for years.
• Brief write up to boast my English language usage and increase new words used
• critically think of the things done - analyse and synthesis , as well think how to apply in future.
• Pass my knowledge ( only limited to those whom i give permission to - You are LUCKY ! )