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The Tim Ferriss Show Reflection – #264: The Steve Jobs of Investing — Ray Dalio

The Tim Ferriss Show Reflection – #264: The Steve Jobs of Investing — Ray Dalio

 


Ray Dalio Podcast Summary:

The best podcast heard to date, where Ray covers extensively on mirroring patterns of excellence and his mindset on success. He talks a little on his methodology on investing towards the end of the podcast and his macro view on how he approaches the market.

 

Learning Points:

  1. ​'I'm a professional mistake maker.' Growth comes from mistakes, not from success. You repeat your successes and grow from mistakes. I seek growth, and maintain my successes. - Strangely enough, there is a phobia in today's society about making mistakes. 

  2. Beyond one's experiences to grow, identify the solutions from people who have done it before rather than to come from a situation where it is 'completely new' or a new encounter. Just because it's your first time, doesn't mean that someone else has not done the same thing repeatedly in the past. Gain that perspective and you'll have an incredible advantage. Identify 'what is it', 'how does it work' and your principles in handling it.' 

  3. Successful people know how to compensate for their weaknesses, whereas Stupid people don't acknowledge their weaknesses and grow. 

  4. Pain + Reflection = Progress 

  5. There are 3 things that make up for a successful life by and large:
    - Have big dreams. - You'll face problems while heading towards your big dreams.
    - Deal with them and learn from your failures.
    - Determination. Have big dreams and deal with your problems with determination.


  6. Research has shown the following:
    Intelligence has no correlation with Happiness.
    Money has little correlation with Happiness.
    Community has the highest correlation with Happiness.


  7. It is important to go to bed early. People who goes to bed late have more 'down times' and 'depressive episodes'. 

  8. The greatest tragedy about humanity is listening to wrong opinions. All opinions should be subjected to stress tests to see if they are right. You always think your own opinion is the highest value and is biased. It's so stupid. What you should be doing is to get the right opinion. 

  9. You have 2 'Yous' within you - a thoughtful you and an emotional-driven you and they are constantly at war with each other. The emotional-driven you is the one that makes you want to eat cakes though you're supposed to be dieting, or punch someone. 

  10. Build an investment portfolio of 15-20 stocks that are uncorrelated and generate great returns to diversify, lower risks and have good risk to reward (return) ratio. Similarly, great to build different businesses with high profit margins and scalable that are uncorrelated.


Source: The Tim Ferriss Show Reflection – #264: The Steve Jobs of Investing — Ray Dalio

Disclaimer:

The information contained in Finance Savvy is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in Finance Savvy are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

Deciphering Corporate Actions: Bonus Share Issue

Deciphering Corporate Actions: Bonus Share Issue

What is a Bonus Share Issue?

 

A Bonus Share is also known as Scrip Issue or Capitalisation Issue. Existing shareholders of the company gets free additional shares at no cost in direct proportion to the existing shares that they hold. 

For example, if there is a Bonus Offer of 1 for 10, it means that the existing shareholders will receive 1 new share, for every 10 existing shares that they have.

Bonus Share issue will result in an increase of outstanding shares in the market. However, it does not cause any dilution in the shareholders' ownership in the company.

The bonus shares are accorded from the company's share price premium or retained earnings. Retained earnings are the net profits accumulated over the years and are not paid out in dividends to shareholders.

The conversion of retained earnings to paid-up share capital (Bonus Shares) is known as capitalisation of reserves. During the capitalisation of reserves, there will be corresponding increase in shareholders' equity and decrease in retained earnings.

 

*Important Note* No new funds are raised in this corporate action.
Shareholders are issued bonus shares for FREE.

 

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Deciphering Corporate Actions: Share Consolidations and Share Splits

Deciphering Corporate Actions: Share Consolidations and Share Splits

 

What is Share Consolidation?

 

Share Consolidation is also known as "Reverse Stock Split". It is a corporate action to decrease the total number of outstanding shares and increase the nominal or par value of each share.

After the corporate action, the shareholder will own fewer but theoretically higher priced shares due to the decrease in the total outstanding shares in the market.

There will be no impact on the value of the shareholder's holdings relative to the total market valuation of the company.

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Deciphering Corporate Actions: Right Issues

Deciphering Corporate Actions: Right Issues

 

What is a Right Issue?

 

Right issue is a mean for companies to raise funds by issuing new ordinary shares. Companies can issue other securities such as preferential shares, bonds and warrants instead of new ordinary shares. The company can ask the existing shareholders for capital for the following reasons:

  • To fund acquisition or expansion plans.
  • To repay maturing debts as an alternative. The company may be unable to secure more borrowings.

 

Existing shareholders are given the opportunity to maintain their stake in the company to prevent dilution. When there is a right issue and the existing shareholder chooses not to subscribe for the new shares, the shareholder's stake in the company is diluted, as the new shares are added to the total shares outstanding in the market.

 

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The Tim Ferriss Show Reflection – #261: Mental Performance, Work-Life Balance, and the Rise to the Top — Maria Sharapova

The Tim Ferriss Show Reflection – #261: Mental Performance, Work-Life Balance, and the Rise to the Top — Maria Sharapova

 


Maria Sharapova Podcast Summary:

This podcast is quite unique, where Tim asked plenty of questions with regards to her personal life and experiences, rather than life hacks and tips.

 

Learning Points:

1. Her mum managed to instill the power of a 'routine' from her younger days. Repetition is key to success.

2. Parents were supportive of her passion, willing to explore and push the boundaries with her - no matter what it takes.

3. Her father is a tennis coach, but is intelligent to know that he is NOT going to be the one to coach her to be a champion. A star coach is needed.

This is an amazing point for me, a very humble person to acknowledge his 'weakness', and to remove himself as an obstacle.

4. Parents did not give her any pressure along the way, and never once told her that she needed to win. She learnt to enjoy the process and the sport.

5. To Maria personally, success is more than just wanting to win. She wanted to be an icon for women, to show that women can be great. She thanks the pioneers such as the Williams sisters, for bashing through all the tough hurdles and made it easier for other women.

6. When you're successful, strangely everyone wants a piece of your success (wanting to take photos with you etc). When a challenger wins the match over me, to them they have won more than just a quarter or semi-finals. 'Wow, I've won Maria Sharapova'

The key is to just be focused and filter away all the distractions. Surround yourself with people with good minds and have your interests at heart.

7. She does self talks during matches to pep herself. 'I'll win'. She realized that there's a clear distinction in that, in situations where she was down and her positive reinforcements won her the game vs she was down and she put herself down with multiple confirmations that she was not on her best form and she ended up losing.

8. Both she and Tim Ferriss do not believe in the a balance of 50-50. For e.g. Work- Life balance. They always seek to give their utmost 100% in what they are doing, and know there has to be some form of sacrifice or trade-off with the other aspects of their lives.

9. They never stopped learning.

Source: The Tim Ferriss Show – #261: Mental Performance, Work-Life Balance, and the Rise to the Top — Maria Sharapova

Disclaimer:

The information contained in Finance Savvy is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in Finance Savvy are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

The Tim Ferriss Show Reflection – #260: Setting Goals, Making Money, and Overcoming Tough Times — Phil Hellmuth

The Tim Ferriss Show Reflection – #260: Setting Goals, Making Money, and Overcoming Tough Times — Phil Hellmuth


Phill Hellmuth Podcast Summary

Always loved listening to Tim Ferriss podcasts- with him interviewing world class leaders in their industry.

This podcast is an interview with Phil Hellmuth- one of the world greatest poker players. I found Phil to sidetrack quite a bit in this podcast, with Tim having to steer him back to the key topics.

 

Learning Points:

- Be focused. Phil has a a goal list and a blessing list on his mirror and he looks at them daily. The key is to be focused on his life goals and appreciate his many blessings in life.

- The importance of money management. You may not have the best skills but with money management, you WILL be one of the best.

Phil was the youngest to win the World Series of Poker (WSOP) at his time and he bought a penthouse condo and a few cars. He was struggling to pay off the maintenance fees of $800 bucks monthly a year later.

- Lastly, this struck me the most. To have a supportive partner / circle of friends.

Antonio Gracias (Independent Director of Tesla Motors) asked Phil Hellmuth, 'Without your wife, how many WSOP bracelets would you have won?'

Phil Hellmuth is the winner of 14 WSOP bracelets. 'Probably 9, 7?'

Antonio 'Are you sure it will be that many?'

Phil was enlightened.

Source: The Tim Ferriss Show - #260: Setting Goals, Making Money, and Overcoming Tough Times -- Phil Hellmuth

Disclaimer:

The information contained in Finance Savvy is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

Any views, opinions, references or other statements or facts provided in Finance Savvy are personal views. No liability is accepted for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on the information provided herein.

Deciphering Corporate Actions: What are Corporate Actions, The Types of Corporate Actions and Dividends?

Deciphering Corporate Actions: What are Corporate Actions, The Types of Corporate Actions and Dividends?

What are Corporate Actions?

 

Corporate Actions are events implemented by a company. These actions have to be approved by the company's board of directors, and shareholders are empowered to vote on specified proposed corporate actions.

Corporate actions affect preferred shareholders, common shareholders and bondholders.

Shareholders are required to respond to certain corporate actions such as dividends, right issues and merger and acquisitions cash offers.  

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Deciphering Corporate Actions: What is Ex-Date, Record Date & Date Payable?

Deciphering Corporate Actions: What is Ex-Date, Record Date & Date Payable?

 

As a remisier for many years, I realised that investors and traders who are starting out tend to ask a similar set of questions. The topic on deciphering corporate actions has popped up multiple times, and I have decided to compile the information to educate the folks out there. You're welcome.

 

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Market Update (SG & US) with Live Trades shown

Market Update (SG & US) with Live Trades shown

Hi Community,

I have decided to value-add by posting whenever I feel there is an upcoming trend change in the major markets.

This is in comparison to doing up a "monthly" update, where there can be no significant movement in a month, or having a highly volatile environment where I will be doing up more posts to keep you guys updated.

Please note that I will be showing some of my live trades that I have done with the community, using the $10k challenge I have setup 2nd quarter of 2016.

This is to show that you can be consistent and be rewarded even with a small capital, as long as you take action with a systematic trading strategy.

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POEMS Mobile 2.0 is NOW AVAILABLE!

POEMS Mobile 2.0 is NOW AVAILABLE!

 

POEMS Mobile 2.0 IS NOW AVAILABLE

The best in class – POEMS Mobile just got better with the multi-asset, multi-market mobile trading platform.

Built from ground up and informed by UX (user experience) best practices, POEMS Mobile 2.0’s intuitive features simplify trading like never before. With POEMS Mobile 2.0, you can look forward to a better and more personalized mobile trading experience through the intuitive navigation and power of customization.

From now till 11 December 2017, the first 200 clients to download POEMS Mobile 2.0 and execute 1 Equity Done Trade will receive a pair of S$10 Grab Vouchers*. It’s that simple. This  promotion will be a great opportunity for you to engage your clients to start trading on POEMS Mobile 2.0 today!

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