Five Cents Ten Cents

Financial freedom, one realistic step at a time.

What We Can Learn from the MRT Breakdowns


Taking the MRT (now known as the SMRT) to Marina Bay to see the Marina Bay Sands

The recent break-downs in the Singapore Mass Rapid Transit system or MRT (especially the serious ones last Thursday and Saturday along the North-South line) offers us some lessons in our journey towards financial freedom.

Numerous bloggers have discussed the socio-political issues arising from the breakdowns and SMRT’s top management’s abysmal lack of timely response and updates to the commuters. This post will not go over the same issues.

What is more instructive is to learn about how we can avoid the pitfalls encountered by SMRT during this recent crisis.

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Networking and Online Connections Towards Financial Freedom


Two People - Business Meeting

I was recently approached to speak at an event by the organisers in a neighbouring country simply because I had my professional resume posted up on Linkedin. The organisers had never met me before in person nor had they ever heard me speak at other events. But based partly on the strength of my online profile in Linkedin as well as my track record in speaking at specific events that I’ve listed on my public profile, they invited me to speak at their event.

I am fortunate that they spotted my profile and liked it enough to take the risk to invite me to speak at their event which was run successfully. But what does this little episode have to do with financial freedom?

The world is now open to us through the internet. There are more possibilities and routes towards financial freedom now compared to say, twenty years ago. It is only through networking and having online connections that we can leverage on this global interconnectivity to expand our minds towards possibilites for financial freedom.

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Doing Nothing Towards Financial Freedom


Empty spaces

Even as the calendar year 2011 draws inexorably towards a close with two months plus left before 31 December beckons, I realise that if I do nothing now, I will end the year with a realised returns of 4.5%.

In fact, I should not buy any more equities now and take bigger positions on the market because most of my returns will come from dividends — truly a form of passive income.  The more I trade or try speculative punts, the more I risk losses on capital due to market moves south in tandem with the general global negative outlook over European debt problems and possibility of US and world slowdown or even recession in 2012.

Is doing nothing a strategy?

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The Markets are Bad Bad Bad!


The Beautiful Farm with Bales

The current market turmoil has seen my stock portfolio’s value decrease as prices of even blue-chips stocks go south. It appears to be 2008-2009 again for many investors. What can we do, how can we overcome the challenges of seeing our portfolios dwindle with the threat of global economic recession threatening growth over the horizon?

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