Frank Comments by Dennis Ng on various Topics

This forum is created to discuss everything about Investing, from investment principles, to theories, concepts, strategies to investment jargons to provide a easy reference for everyone

Moderators: alvin, learner, Dennis Ng

Post Reply
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Dennis Ng wrote:
My 5 room (3 bedroom) Model A flat plus access area is 1,464 sf, very spacious and comfortable for my family of 4. Our bedrooms are Huge when compared to New HDB flats/Condos I visited which is probably 2/3 or just half of the size of the bedrooms in my house. So really, there is very little upside and alot of downside (financial and non-financial) if I sell my HDB flat. You agree?

My 3 bedroom flat is 1,464 sf. A client passed me a brochure on a new condo, a 3 bedroom unit there is as small as 635 sf!!! My goodness! I really don't know how tiny are the bedrooms have to be in order to squeeze into a condo unit of 635 sf.
The Straits Times
Mar 21, 2012
3-bedroom condo unit at 635 sq ft: A new low?

By Gan Yu Jia

'HONEY, I shrunk the house,' could well be the tagline for a new, swanky condominium in Bukit Batok. A three-bedder at Natura at Hillview Terrace, a joint venture between Roxy-Pacific Holdings and Macly Group, measures just 635 sq ft.

That is smaller than a squash court and slightly bigger than five HDB carpark spaces. Real estate consultants said a typical three-bedroom apartment occupies 1,000 to 1,500 sq ft of space.

Market watchers said Roxy-Pacific appears to be setting a trend as far as shrinking three-bedroom units is concerned.

They noted that another of the company's projects, Treescape in Telok Kurau, also features micro three-bedders which start from 603 sq ft. All 32 units have been sold since the project was launched, of which 25 units were sold last month at a median price of $1,401 per sq ft.

But unlike Treescape, which is a boutique development, Natura is a full facilities condominium with 193 units.

It is unheard-of for a mass market project here to have three-bedroom units of such a compact size.

Mr Ken Yeo, projects director of Macly Group, has defended the size of the apartments.

'We've designed the building in such a way that the wall can be taken out, so that you can open up the living room to be of a bigger space. That's what we mean by 'efficiently designed',' he said.

Noting that all of Macly's previous shoebox projects were sold out within one month of their official launches, Mr Yeo added that Macly has not received any complaints that 'Mickey Mouse apartments are not liveable'.

He predicts that owner occupiers who opt for such units are likely to be singles or childless couples who prefer a smaller living space.

Mr Tan Kok Keong, OrangeTee's head of research and consultancy, said that it is difficult to predict if such units will be well-received by the public.

'If you use Hong Kong as an example, yes it's liveable, but whether it's the kind of quality of life that people can get used to is something we actually won't know until the project is completed,' he said, referring to small flat sizes in Hong Kong.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

ngtfook wrote:
Plan to Retire with Adequate Savings

http://theonlinecitizen.com/2012/03/pla ... e-savings/

Tip 5: Do not worry about critical illness insurance. The incidence is likely to be low for young people and the expenses are likely to be covered by your employer. You have other more urgent things to worry about. Do not spend your savings on risks that are more remote.
In the "How to Save and Accumulate One Million Dollars Seminar", I share the way to cover risk of Critical Illness is to buy a comprehensive medical insurance, premiums can be paid using CPF Medisave. (It's the best way to use Medisave, use it to pay Medical Insurance premiums, instead of pay Medical Expenses.

So this advice about forgetting about risk of critical illness is actually UNSOUND, I hope the author does NOT mislead the public and leading to many sad stories later when critical illness hits some people. It is very risky to depend on employer to cover your medical expense. What about after you retire, then who has to bear the risk? Dangerous advice from this author.

This shows again that even though everyone has an opinion, but not everyone's opinion is worth listening to.

P.S. when I found out that the author is Mr Tan Kin Lian (former CEO of NTUC Income), it gets me even more worried. Many people becos of his background might blindly listen to this advice to forget about the risk of Critical Illness. He is CEO does NOT mean he has enough knowledge/experience on Financial and Insurance planning, since this was NOT his job. I was a Certified Financial Planner for 8 years.

Actually, the 3 seminars I conduct provide a Holistic way for people to Plan, Manage and Grow your money. And if you learned and grasped what is being taught in my 3 seminars, then it is just a matter of time for you to reach Financial Freedom.

I did it in 15 years, by age 39, applying what I teach you. What I teach really works, I know, becos I'm a Living Example.

Cheers!

Dennis Ng
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

弟子規 - lost teachings that should once again be promoted as fundamental teachings to all children. Such lost teaching is partly why nowadays there is so much crime and disobedience and disrespect for parents and teachers..

As I read and learn from this book, I realise that if anyone can really do what is being taught in this book, it is guaranteed that this person will NOT only be successful, but will be a person liked by and respected by others.

Of course personally I'm very far from living what is being taught, but it is something that I will continue to learn and aspire to.

This book only has 1,080 words, but it contains a lot of wisdom and timeless principles. It probably takes half an hour to read, but a lifetime to master. The more times I re-read the book, the more I find that I’ve not been able to do what is being taught in the book.

Below I extract just a few phrases in the book, to share with everyone.

Here's the carton VCD version to explain the words:
http://www.youtube.com/watch?v=pRKhabT2UDs

不力行 但学文
If you do not actively make use of what you have learned, but continue to study on the surface

长浮华 成何人
Your knowledge is increasing but it is only superficial. What kind of person will you be?

但力行 不学文
If you do apply your knowledge diligently, but stop studying

任己见昧理真
You will only do things based on your own opinion, thinking it is correct. In fact, what you know is not the truth.

方读此 勿慕彼
When you begin to read a book, do not think about another.

此未终 彼勿起
If you have not completed the book, do not start another.

宽为限 紧用功
Give yourself lots of time to study, and study hard.

工夫到 滞塞通
Given time and effort, you will thoroughly understand.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

The future is uncertain, however, an investor must always try to have a view of the future, and then plan and position his investment portfolio accordingly. Many people do NOT understand that Real Investors are PREPARED to be wrong, and they will make sure that they are financially ok even if they are wrong.

On the other hand, many Novice investors cannot afford to be wrong, some will be bankrupt if they are wrong. This is the different between Real Investors and Novice Investors. And novice investors don't seem to understand this, and they would say "you see, he's wrong, what's so great about him?"

A Real Investor plan in a way that even if he is wrong 6 out of 10 times, he Get Richer, not poorer. Most people cannot afford to be wrong, just 1 time wrong, they might even be bankrupt. That's the difference between Real Investor and Novice Investor.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

many people are struggling in life, wondering why is life a struggle. Well, if a person is drowning, what would he/she do? He/she would struggle, why? Becos thinking that struggling will help him/her survive. However, we all know that the more you struggle, the sooner you drown. The same is for life. Why most people struggle in life, becos they think that it's hard to survive, that life is a struggle.

Have faith and belief that your body floats naturally, give up struggling, then what happens? You float up, and didn't drown.

Same as for life, give up just focusing on Survival for yourself, have faith and belief that survival and making a living is a Given (you will float), focus on serving others, in how to Serve MORE People, how to Provide others with BETTER product/service, focus on how to Increase your value add, then the money will come automatically, it is just a natural consequence. (Floating is a natural consequence)...


Once you do that, you start to realise that you are NOT only surviving, that you'll be thriving, yes, Thriving.

Can you believe what I say? I'm just sharing with you my personal experience.

Today, I'm financially free, a multi-millionaire and I no longer need to do any work in order to make money for a living.

In fact, I now focus on continuously learning everyday, and then share what I learn with others. I focus on helping to groom and develop others, and I derive Pure Joy and Happiness in doing that, I'm living a dream life NOW, becos a few years ago, I stopped focusing on my survival, and now I'm thriving. Those who know me will know I'm telling the truth, 100% Truth.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

yes, now you hear it from another person, Andrew Hallam, author of book "Millionaire Teacher: The Nine Rules Of Wealth That You Should Have Learnt In School" - that it is possible for a person earning a middle class income to become a Millionaire by 40s or younger.

Well, I can speak with 100% confidence that I know this can be done. Why? Becos I've done it. My household income was average S$6,000 from 1993 to year 2008, or in 15 years, total income my household earned was about S$1.08 million. Yet, I managed to reach One Million Dollars (yes, excluding the Value of my House) by year 2008...how did I do it?

I only save 20% of my income but the difference between me and most people is that I know how to Invest and Grow my money, that's how I reached one million dollars by age 39. Now I'm 42, and reached 3 million dollars. I'm sharing this with you NOT to try to boast to you, but share with the Intention and Hope that this can Inspire and Encourage many people to start to learn how to plan and manage your money properly, and most importantly, learn how to Invest to grow your savings.

The good news is if you're willing to learn, I'm teaching. You can read my books and the best way and most comprehensive way to learn from me is to attend the 3 seminars I conduct:"How to Save and Accumulate One Million Dollars" , "Secrets to Making Money in Stocks" and "Secrets to Making Money in Property". - these 3 seminars is the MOST holistic and Complete Financial Education that you can receive in Singapore.

P.S. I agree with most of what he said in the interview except the part about avoiding debt. Guess he didn't learn about the difference between Good Debt and Bad Debt, and he also does NOT know how to use Good Debt (safely and mitigate risks of debt) to become Richer, which I teach in my seminars.

I also don't agree with the "standard recipe" he share 60% stocks, 40% bonds investment portfolio. In fact, I have ZERO invested into Bonds, I Invest into UK Endowment instead, which has Capital Guarantee, (as safe or even safer than some government bonds) and annual returns 4% to 8%, higher than most safe bonds currently. Several of my multi-millionaire sifus also do NOT invest in bonds unless when interest rates are high and start to fall which means bond prices can go up and make capital gains, not just the miserable interest (yield). So he's still teaching pretty much of what is normally taught in most Existing Personal Finance books.

Cheers!

Dennis Ng

The Straits Times
Mar 25, 2012
me & my money
Teacher preaches rules of wealth
Canadian educator caught investment bug early in life and wants to share secrets

By Joyce Teo

When Canadian high school teacher Andrew Hallam was in college, he worked at a bus depot during the summer, and met a 47-year-old mechanic who was a millionaire.

The latter suggested to the young man that he should choose a job that he loved doing, rather than choose a job simply because it paid well. And that he could earn a middle-class income and still become a millionaire by his 40s or earlier if he learnt about investing his money.


That meeting piqued Mr Hallam's interest in investing, which has become his lifelong passion.

He even considered getting into money management in his early 20s. 'But it occurred to me that I would benefit at the expense of my clients. Did I want to do the best for my client or myself?' he asked himself. In the end, Mr Hallam, now 41, chose teaching.

He came to Singapore eight years ago to take up an English teaching position at the Singapore American School but has switched to teaching personal finance this year.

He recently published a book Millionaire Teacher: The Nine Rules Of Wealth That You Should Have Learnt In School.

Having read about 400 finance books since he was 19, Mr Hallam says: 'There are all these academically irrefutable premises but the financial service industry doesn't want you to know them. I want to help people out there.'

He is married to Pele, also a teacher at the Singapore American school. They have no children.

Q: Are you a spender or saver?

I'm a saver. People on middle-class salaries can amass wealth, but I don't believe they can do it if they are big spenders, especially while they're young.

My wife and I save roughly 70 per cent of our annual income. We invest all that we save, and we spend the rest. I'm not as thrifty as I used to be. I spend most on food (mostly organic fruit and vegetables), travelling and massages. We both enjoy a massage at least once a week.

In order to grow wealthy, I think there's a rule of thumb that applies nicely: Never borrow money to buy a depreciating asset. A car is a depreciating asset. But over time, a house is an appreciating asset. Many people try to look wealthy before they truly have money.

Plenty of people borrow money to buy fancy cars and live an extravagant lifestyle, but most of those people are living well on borrowed time.

Q: How much do you charge to your credit cards every month?

I don't know what percentage of our spending we charge to our credit cards. But I do know that I've never paid a penny in interest to a credit card company. Credit card companies hate guys like me!

Q: What financial planning have you done for yourself?

I determined my financial planning by asking myself how much money I would need if I wanted to retire in a given year.

I figured out what kind of portfolio I would need to allow for that kind of income, and I made an estimated adjustment to cover the rising costs of living. It's all about cash flow.

Studies have shown that if you have a diversified investment portfolio of, say, $100,000, its real worth is $4,000 a year. In other words, you can sell 4 per cent of your portfolio each year and have a strong likelihood that you'll never run out of money.

This 4 per cent rule is a fairly standard one.

I knew that if I could live off 4 per cent of my portfolio, I would be financially free. That doesn't mean that I would quit work and lie around all day. But it did mean that I could choose to work or not work, in any given year. This can certainly reduce the blood pressure.

I diversify my money across international stocks and Canadian bonds and I rebalance my assets. I have 60 per cent in stocks and 40 per cent in bonds as I want my bond allocation to equal my age.

Most college endowment funds and pension funds do the same with the rebalancing of asset classes but it's not easy for most people to do - psychologically.

I own just three low-cost index funds - a total US stock market index, a global stock market index and a Canadian bond market index.

I have medical insurance, but no other insurance. I think the best insurance of all is to have no debts, and enough money saved to live off it.

Q: What advice would you give to investors?

Two things significantly reduce many people's portfolio returns:

• They often chase 'what has done well lately'. This is one of the worst pursuits an investor can take part in.

Studies show that if a particular unit trust has, for example, returned an average of 10 per cent a year for the past 20 years, the average investor in that fund, for that duration, would have made only 7 per cent a year.

Investors would have added more money when the fund was 'doing well' and they would have added less money or even sold some of their investment when it underperformed. In essence, they would pay a much higher than average price for the units of the fund.

Such behaviour, over the long term, can be the difference between amassing a $500,000 account and a $1 million account. But this behaviour is very common.

• Most people also pay investment fees that are too high. I pay roughly 0.09 per cent each year for my exchange traded funds. But most people in Singapore pay roughly 15 times that amount if they invest in actively managed unit trusts.

Most people still get drawn to a fund because of its strong historical returns, ignoring the academic evidence suggesting that portfolios of low-cost funds, over a lifetime, have much higher statistical odds of outperforming funds with higher expenses.

Q: Moneywise, what were your growing-up years like?

I grew up in Kamloops, British Columbia, Canada. My dad was a mechanic and I was one of four kids. If we wanted something material, after the age of 12, we had to earn the money to pay for it ourselves. My parents bought me underwear and socks until I turned 15. I was really on my own, although I was still under their roof. My parents didn't have a lot of money, but it has worked out well for me.

The Chinese suggest that wealth doesn't last three generations. The generation that works hard and succeeds wants to make life easier for their kids. So they buy things for them and essentially weaken them.

Children of the affluent grow up with expensive expectations. They're typically the same people who borrow money to buy depreciating assets. And this results in the beginning of the end.

I know that if my parents did the metaphorical heavy lifting for me when I was young (by giving me money or buying me things), I would not have developed the financial muscles I have today.

Q: How did you get interested in investing?

I started to invest when I was 19 years old, after meeting the millionaire mechanic, so I've given myself plenty of time to apply Einstein's Eighth Wonder of the World: compound interest.

Twenty years ago, I started investing a minimum of $100 a month and I increased that every year.

I also read finance books, of which two of the best are The Four Pillars Of Investing by William Bernstein and Common Sense On Mutual Funds by John C. Bogle.

Q: What property do you own?

I don't own any property. I like the thought of buying property when it 'isn't performing well'. For this reason, I wouldn't buy property in Singapore today.

I bought an acre of oceanfront land on Vancouver Island in Canada, during a mini recession in 2002. Property prices hadn't moved much in a decade, so I bought it.

Then when people started piling into property, prices soared and I sold it for three times what I paid, in 2007. It cost just $147,000. I sold it for $484,000.

Q: What's the most extravagant thing you have bought?

I bought a 1974 Mercedes-Benz for $3,000 in Canada and then spent another $7,000 restoring it. The car was cheap by Singaporean car standards, but it was my most extravagant purchase to date.

Q: What's your retirement plan?

I believe that I'm financially independent now. My portfolio is worth roughly $85,000 a year (based on the 4 per cent rule).

But I have no plans to retire. I love teaching at the American School. You know that you've found the perfect vocation when your job doesn't feel like work. My job is so much fun.

Q: Home is now...

A rented four-bedroom apartment at Dairy Farm Estate.

Q: I drive...

My wife's 2003 Mazda 3.

joyceteo@sph.com.sg

---------------------------------

WORST AND BEST BETS

Q: What is your worst investment to date?

I bought into a Ponzi scheme in 2003. Of course, I didn't know that it was a Ponzi.

My friend told me about Insta-Cash Loans, which paid 54 per cent interest a year. The high interest rate scared me - think of how crazy the investment must be, but what's crazier was I eventually changed my mind.

My friend was collecting his interest every year and travelling all over the world, so after five years, I went to meet the company's head.

I still thought it was a scam but after hearing my friend had collected interest payments of more than $100,000, I invested $7,000. I received interest payments for a while but the party ended in 2006, when the firm went bankrupt.

In the end, I lost money as I had to pay 25 per cent tax on my gains.

Q: And your best?

My best investment to date is my investment in the ideology behind dispassionate rebalancing.

In 2001, 2003, 2009 and twice last year, I rebalanced my portfolio and netted hundreds of thousands of dollars in profit over the past decade as a result.

When the stock markets crashed after 9/11 and when George Bush went to war with Iraq in 2003 (and the markets crashed), the stock portion of my 30 per cent bonds and 70 per cent stocks portfolio all of a sudden dropped to 50 per cent because the market dropped.

So I sold some of my bonds and bought more stock index.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
racoon12
Platinum Forum Contributor
Posts: 342
Joined: Sun Jan 29, 2012 2:02 am

Re: Frank Comments by Dennis Ng on various Topics

Post by racoon12 »

Hi Dennis

Difference among all the millionaire trainers and you, there's this slight difference between you and them..... that's your teaching had something they don't have (personal judgement).

1. You're the only CPA to teach this (to my knowledge)
2. You know how the banks management or treat the people who loan money, as an high profile ex-banker
3. Nobody shared how to use equity loan management structure to prosper

These're all the insider knowledge that actually for novice investors required to make CRITICAL decision to invest, and without them many people have fear to invest. With mastering of these knowledge the decision of investing $100 or $100,000 dollars will be no difference.

Dennis shared NAKEDLY how to able to gain money physically, however we should never forget that Dennis investment gongfu & application SHOULD never be copied totally & blindly to benefit you. It can never happened this way.
However, like to stress "the Master teach imparted you the skill (of investing), capability to master & utilise the skill (taught) lies solely on oneself."

I do not want to create a misconception of my above statement to anybody, I'm still working hard to learn the skill...have not graduate with Degree still... :oops: I shared bcos I myself do benefited from Dennis teaching, in my own measurement & parameters. :)

Many thanks
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Peter Lim was a remiser. He used to make a living from stock brokerage commissions from the Stock Trading done by his clients. In fact, he was nicknamed the "Remiser King" and the TOP Remiser in Singapore. What has he got to say about Trading vs Investing?

He's also a billionaire, and one of the Richest people in Singapore, so I think what he says we ought to at least pay attention and listen to see if it makes sense or not.

P.S. Peter Lim is ranked No. 8 Richest person in Singapore with S$1.8 billion wealth by Forbes.

Singapore's Richest 40:
http://www.forbes.com/lists/2011/79/sin ... _land.html


Even Remiser King Peter Lim (a billionaire) cautions people that one can't make much money from trading when he was interviewed.

Asked about his comments on making money, here's what he said:
Making money

It's very difficult to make money from trading. People who get rich are those who buy a company, build it, run it. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up. - Peter Lim, Billionaire, and one of the Richest people in Singapore.


How did Peter Lim become a Billionaire? It was from 1 single Stock Investment, NOT stock trading. He invested US$10 million into a company that later was listed in Singapore stock exchange in a "reverse takeover" and this company is NOW known as Wilmar. His shares in this company is more than 70% of ALL his wealth.

So Trading or Investing will lead to Wealth? I leave it for you to decide. I've made my choice.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

I remember I attended a 8 day seminar. I was very hesitant before I signed up as 8 days is not a short time to spare...then the seminar speaker said:"if you cant even find 8 days of your time to invest in yourself, then why you even attended more than 12 years of schooling?"

Similarly, some people would say they cannot find time to attend my seminars, even though they are just 1 full day or 2 full days seminar (3 seminars, total 4 days). So now let me share this which might help you decide:

Many of us work 40 years of our lives and cannot reach Financial Freedom. If you cannot even find total 4 days of time to learn how to plan, manage and grow your money to reach Financial Freedom, then it's really ironical.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Dennis Ng wrote:wow, saw this video. The Blanket is Everything. Guess who is espousing the Truth? Dustin Hoffman!

We are all conected.

Everything you ever want or be, you already have and are.

ie. we are whole.

http://www.youtube.com/watch?v=VOgQAMdKdyg
I'm sure many seminar graduates have watched this video before, becos I shared it at a Graduates' Gathering Seminar and also in some seminars. Watch and re-watch it, if you cannot grasp the message.

Yes, if you really Understand the Truth that we are ALL connected, then you would stop thinking of you, me, them. Then you realise WHY when you Give, so shall you Receive, becos we are all connected, so it'll ultimately comes back to you....what goes round, comes around...

And if you truly understand this truth, then you will understand that whatever that is good for the society, is good for you. whatever is bad for society, is bad for you, becos you're part of society...

You will also understand that when you give to others, you're really ultimately giving to yourself as well...becos we are all connected.

Then you will begin to Treasure the Diversity/differences between us, becos as Serene shared, it's becos of the diversity that we are one...

Stop thinking about you, he, she, Dennis, them, etc...there is only ONE. The universe is one...and we are all part of the universe...including even the plants, animals etc...cruel to them is cruel to us. Destroying them is destroying ourselves...on the flip side, helping them is helping us, helping others is helping self as well...once you understand the Truth, you begin to become selfless...and if more and more people wake up to this Truth, do you think the world will become a Better place or a Worse place?

All the self-centredness and selfishness in the world are actually the Root of most of the problems in our society, including the Financial Crisis, the debt crisis in U.S. and Europe, the Climate crisis that we are facing, the global warming probblem...if you trace the Root Cause of all these DIFFERENT problems, they are the same - self-centredness and selfishness.

The solution to the problem is for people to start realising the Truth I'm sharing. To only think and do things that are Good for the society, for mankind, for all living and non-living things, for the entire universe.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

If a Real Life Average Singaporean managed to reach Financial Freedom at age 39 after starting to learn about Financial literacy at age 28, and is now willing to teach how he did it, if people don't want to learn, who's got to lose? Just the person who refuse to learn. Becos whether I teach or not, I will definitely get Richer since I learned how to master my finances.

Getting Richer is simple inevitable result of Financial Intelligence.

If a person does not believe he/she can reach Financial Freedom, then yes, this person will NEVER reach Financial Freedom even if he/she read 100 books or attend 100 seminars. Becos I've never seen anyone achieved anything if they don't believe they can do it. Have you?

Nothing will ever happen until you start to believe in yourself.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

There is a guy who was poor in his English and becos of his poor results, he disliked this subject. In Sec 4 mid-year exam, he got F9 (39 marks), and if I tell you that one of the dreams of this guy is to be an Author, would you ask him to wake up and stop dreaming?

Well, he didn't give up on his dream. He wrote not 1, but 3 books, 1 (bilingual), 1 100% in Chinese and 3rd book 100% in English. His English book even made it to the No. 1 Spot in Straits Times Bestseller List for Non-Fiction books. How I know this story is Real and not fabricated?

Becos I'm this guy.

Nothing happens until you believe in yourself.
As the lyrics of song "When You Believe" goes:"Who know what miracles you can achieve, when you believe, somehow you will. You will when you believe."

Mariah Carey & Whitney Houston - When You Believe
http://www.youtube.com/watch?v=CxIN79n4jVo
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

There was a boy born as the 6th child of a family, and the family was poor and 8 of them live in a 1-bedroom HDB rental flat. His parents were poor and when their youngest child was born, they dreamed that if one day they can even have $10,000, it'll be like a dream come true for them...and they went on to name their youngest child 加万.

This guy shared this family secret with public in his Public seminars and was even scolded by a family member (when he attended his talk)..."Why do you have to tell the public about something which is nothing to be proud about and sharing a family secret?

This guy is me.

I told this family member that I'm telling the story to the public becos I want them to know that regardless of your family background, you can learn to master your finance and reach Financial Freedom by age 39 or even earlier. I hope this real life story can inspire and encourage more people to learn how to master their finances.

And that's why I set up www.MasterYourFinance.com , a Financial Education website which has lots of FREE information/knowledge in Discussion Forum where public can access 80% of the content FREE. Forum membership is only for Paid Seminar Graduates though, who can even ask questions on a daily basis after graduating from my seminars.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Temasek Holdings LOST money again (140 million Euros in Eircom)! Don't worry, despite it making losses here and there, its average Annual Returns from inception in 1974 to year 2010 is 17%!

It goes to show that in investing, if you invest based on Upside at least double Downside, you would still become Richer even if you're wrong 6 out of 10 times...

Cheers!

Dennis Ng

DUBLIN, March 29 (Reuters) - Eircom, Ireland's former state telecom operator, on Thursday applied for court protection to allow it to restructure its 3.8 billion euro ($5 billion) debt mountain.

The application follows the company's agreement to support a proposal under which most senior lenders take control of the company from current majority shareholder Singapore Technologies Telemedia (STT) and cut its debt pile by more than 40 percent.

A representative of the company told the High Court eircom was applying for examinership, a process that protects company assets from creditors for up to 100 days while a survival plan is worked on to keep the business afloat.

The examinership - akin to the Chapter 11 bankruptcy process in the United States and administration in Britain - would be the largest in Irish corporate history. The application will be heard in full later on Thursday.

Lenders believe that the process will move more quickly as eircom is supporting the restructuring.

Laden with debt and suffering from serious under-investment since its privatisation in 1999, eircom's fate highlights the risks of privatisations and casts a shadow over government plans for new state asset sales.

Shares in the telecoms monopoly collapsed after an IPO marketed as a one-way bet to the Irish public. It built up the debt during a series of changes of ownership.

Singapore sovereign wealth fund Temasek unit STT bought 65 percent of eircom in 2009 for 140 million euros in cash and shares. An employee share trust owns the other 35 percent.

The Irish government is currently planning the sale of state assets worth 3 billion euros ($4 billion) to meet a target imposed by its International Monetary Fund and European Union creditors. The largest asset on offer is likely to be the energy business of gas utility Bord Gais.

Eircom is supporting a proposal from lenders which will write off 1.8 billion euros of 4.1 billion euros of gross debt in a restructuring, sources close to the negotiations said.

The company has more than 300 million euros of cash, leaving it with a net debt of around 3.8 billion euros.

The proposal will wipe out nearly all of the company's junior debt and senior lenders will take a 15 percent haircut in return for control of the company, several bankers said.

Trade creditors will be unaffected by the restructuring plan and will not bear any losses, unlike lenders, bankers said.

http://www.reuters.com/article/2012/03/ ... O120120329
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore
Contact:

Re: Frank Comments by Dennis Ng on various Topics

Post by Dennis Ng »

Why am I teaching you how to grow your money so that you can be richer? The Rich-Poor Divide is getting wider, my simple plan of how to narrow the divide is to help as many middle class income individuals to reach Financial Freedom, so that together these "Newly Rich" can reach out to help those less fortunate in the society.

If i teach 10,000 people, and they in turn share the knowledge with 100 people, together we can then reach out and help 1,000,000 people. Individually, each of us can do very little, collectively, as a Group, we can achieve alot.

Chinese is perhaps the most powerful language in the world, and Chinese characters are symbols of wisdom. There is logic and history behind the formation of each character, unlike English, which is just made up of combination of 26 alphabets.

For instance knowledge, it only tells you that if you know you have an edge, but it does not tell you how you can can gain knowledge. However, 学问 tells you that to gain knowledge, all you have to do is Learn How to Ask. Ask the right question to the Right person (people with expertise in what we want to learn), and you will gain knowledge.

The following are what I like to share with all of you from what I learned, my seminar graduates, in just not many words, it explain How to become successful and what to do after reaching success.

心想事成
Whatever your mind can Conceive and Believe in, you can Achieve.

德为本,财为末

Having the Right Virtues is the Foundation, when you have the right foundation, money (wealth) comes naturally.

有德此有人

If one have the right values and principles and virtues, one can attract people and resources

有人此有土
Once you have the right people, you would have success in career or business

有土此有财
Once you excel in your career or business, Wealth naturally comes.

有财此有用
Once we have Wealth, we must learn to use it wisely. Use it to groom our children and other people, use it to express our filial piety to our parents, use it to give back to the society, to help those who are less fortunate than us.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Post Reply