August 9th, 2010
JonQ
I just read this news this morning on The Star.
Monday August 9, 2010
Man torches self after ‘burning’ lottery win
Compiled by MAZWIN NIK ANIS, NG SI HOOI, and A. RAMAN
A VEGETABLE farmer who lived a life of luxury after winning almost RM1mil in a lottery five years ago torched himself when his “pot of gold” became empty.
The 63-year-old from Serian, Sarawak, known only as Khoo, was reported to have dug a “grave” at the back of his house before splashing petrol on his body and lighting it, reported Berita Minggu.
August 7th, 2010
JonQ
Courtesy of The Star
INVESTING in real estate can be tricky.
For a start, those who intend to make a quick buck by “flipping” property within a few months will find that it is risky, especially in a property market less buoyant than in Hong Kong or Singapore.
(Photo Courtesy of LongIslandBankruptcyBlog.com)
The alternative is hard work, that is, managing residential properties (and absorbing all the hidden costs that come along with it) as long term investments, receiving rent and selling them off for a capital gain or profit.
August 6th, 2010
JonQ
In my last post, we talked about the Power of Compounding and today, I would like to share 2 very important ideas about the Power of Compounding that can really change your life if put it into action.
1. Start Early Finish Wealthy
Imagine if there were 2 investors, Mr. Now and Mr. Later.
Mr. Now start saving and investing $5,000 a month since age 20 with an annual return of 8% and stop his saving plans at age 30. He would have saved a total of $50,000 by then.
August 5th, 2010
JonQ
Courtesy of The Star
SEATTLE: Forty wealthy families and individuals have joined Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett in a pledge to give at least half their wealth to charity.
FILE: In this May 6, 2007 file photo, Microsoft co-founder Bill Gates, left, and billionaire investor Warren Buffett are seen during the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Gates and Buffett are launching a campaign to get other American billionaires to give at least half their wealth to charity. (AP Photo/Nati Harnik)
August 2nd, 2010
JonQ
There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:
1. He bought his first share at age 11 and he now regrets that he started too late!
2. He bought a small farm at age 14 with savings from delivering newspapers.
3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
July 30th, 2010
JonQ
Over the last 49 years, Warren Buffett turned an initial investment of $100,000 into $42 billion. During this period of time, he managed to achieve a 24.7% annual compounding rate of return and that also means he doubled his money every 2.9 years for half a century! So, how did he do that? How did he managed to consistently beat the market and all the smartest money managers on Wall Street?
The Graph Below is The Comparison of Berkshire Hathaway and S&P 500
The Beliefs of Successful Investors
July 29th, 2010
JonQ
One of the most important lessons I’ve learnt from Warren Buffett was to manage my investments like a business. While most people buy stocks like buying 4D or TOTO, they are trading (buying and selling) based on short term predictions if the price will go up or down. In fact, most of these ‘punters’ or ‘gamblers’ know very little about the business operations behind the stock they own.
The Buffett’s Way
July 27th, 2010
JonQ
The Story of Warren Buffett
From a very young age, Warren Buffett was obsessed with making money and had a very clear dream of becoming a millionaire before 35. Warren was born during the depression when his dad was in the verge of bankruptcy. At a very young age, Warren learn the true value of money and the importance of being financially secure.
During his elementary school days, he would tell his classmates that he wanted to become a millionaire before the age of 35 (When he turned 35, his net worth exceeded US$6 million). Inspired by his dream, he started researching on the secrets of wealth creation.
July 26th, 2010
JonQ
Once upon a time, there was a hare who always go around boosting how he could run faster than anyone else. Worst still, he was forever teasing the tortoise for its slowness. Until one day.. the irritated tortoise could not take it and he answered back: “Who do you think you are? Indeed, you may be fast, but I bet you can be beaten!” The hare then squealed with laughter.
“Beaten? Beaten in a race? By whom? I bet there is nobody in this world who can beat me. I’m too speedy. Now, why don’t you try having a race with me?”
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