Infinite Wealth

Entries categorized as ‘Vision Mission Goals’

CFA – here I come!

June 13, 2008 · 1 Comment

Geee…I have finally decided to sign up for CFA Level 1 exam this December. The curriculum has arrived yesterday and guess what, they are 6 thick books and they are heavy!

I have created a separate blog – http://mycfajourney.wordpress.com so that any posting regarding my preparation for CFA exam will be written there.

Have fun.

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“Open Source” concept

May 7, 2008 · Leave a Comment

My wife joined an “Open Source” software company not too long ago and after attending some newbie orientation, she excitedly shared with me the vision of “Open Source”: The company does not own the source codes of the software, the codes are open to the customers and the customers are empowered to use the codes freely, improve the software by changing the codes freely and distribute the new codes to the “Open Source” community for sharing (this is the only obligation). The company believes that through sharing, the quality of software only gets better because bugs are rectified more quickly, new functionalities are created quicker and in a more innovative way.

I would like to quote the following statements that are posted on the company’s website:

“The concept behind open source is not new. For centuries, universities and research communities have shared their work. Monks copied books by hand. Scientists publish new discoveries in journals. Mathematical formulas are distributed, improved, redistributed.”

“Imagine if all of this past knowledge was kept hidden or its use was restricted to only those who are willing to pay for it. Yet this is the mentality behind the proprietary software model. In the same way shared knowledge propels the whole of society forward, open technology development can drive innovation for an entire industry.”

The concept of “Open Source” also applies here in “Infinite Wealth”! Like I have already mentioned in my very first post, I intend to use this blog as a platform for knowledge sharing. Investment frameworks, methodologies, concepts, ideas that we publish here are open for sharing, I want all of us to learn from each other through sharing, grow together, get smarter together, and better still, make money together! The only thing I ask from you in return is your feedback, comment and contribution. Now, after understanding this software company’s vision on “Open Source”, I feel even more motivated to make “Infinite Wealth” a success because I want to make a change to our society, to begin with this little knowledge sharing platform, I would like to educate and help people get out of financial rat race.

Let’s keep this going together, we need you to be part of our success.

Categories: Motivation · Vision Mission Goals
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A small but important step towards financial freedom

May 1, 2008 · Leave a Comment

I did not intentionally choose Labour Day as the first day writing my first ‘official’ post in my blog (which I have set up months ago – I know, procrastination is my #1 weakness, which I am actively working on now). Anyway, it seems to be a pretty auspicious day to mark a new beginning on Labour Day 2008. A few years from today when I achieve my financial freedom (sure I will!), I will proudly tell my buddies in our ‘kopi’ sessions (it’s a Singapore slang, basically, it means coffee break) that on Labour day 2008, I took a small but important step towards financial freedom. This makes celebrating Labour day more special.

Well, blogging alone will not get us really rich. I know millions of bloggers out there may disagree, my point is: what I am saying about taking a small but important step today is not really about blogging, it’s about a symbol of commitment that really matters. It is about me telling my friends and the whole world that starting today, through blogging, I am regularly setting action items and goals which lead me towards financial freedom. And here, I am inviting YOU to join me for the fun and thrill in this journey.

Another key objective of setting up this blog is to use it as a common platform for me and my like-minded friends (YOU!) who are passionate about investment to share knowledge and experience on investment and business. I strongly believe that through active sharing and healthy debates, we learn and grow much quicker. Apart from knowledge sharing, blogging is also a good way to track and monitor progress over time.

I will eventually come out some standard framework for us to put down our thoughts and ideas in a more systematic manner, but for now, it’s free-style. I have discussed earlier with my good friend RT on the topics that we will discuss here, here is a partial list:

  • Investment fundamentals – different school of thoughts
  • Securities Analysis/Fundamental Analysis – the criteria that we should set, for ourselves
  • Study financial reports – to start with, we can start reading Hyflux report or Microsoft
  • Macroeconomics
  • Book list/Book review/ebooks
  • Understanding the market
  • Technical Analysis
  • Financial investment instruments – fixed income, equities
  • Hedging/Risk management – through options, cut-loss strategy
  • Non-financial investment instruments – wine-investment, art pieces investment
  • Property – a big topic by itself, for capital appreciation, for rental yields, local/overseas markets, know-how
  • Business opportunities – franchise business, new niche products, network marketing
  • Internet Marketing

To start the journey and get the ball rolling, the first assignment that I am proposing today for the month of May, 2008 is here: http://infinitewealth.wordpress.com/assignment-of-the-month/

Have fun!

Categories: Motivation · Vision Mission Goals
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