Saturday, March 2, 2013

Things I want to tell you about

But you might not want to hear... Haha. This post is going to be a record of the thoughts going through my mind lately.

Recently, I've been studying investments for my upcoming midterm as I'm currently taking this module, investments and portfolio management. It's fun and it makes me more interested in investing. Well, actually I have an interest in investing in the stock market, which is sometimes buried. It started out when I joined the POEMS stock challenge and I made some positive profits. I didn't make the top returns though. My father then "gave" me some money to invest upon hearing that I was interested in investing. Since the amount my parents gave me is quite little, I can only speculate, and I only dare to speculate on one stock. Haha noob me. I don't dare to buy other stocks I'm unfamiliar with. I've made some modest profits so far but nothing impressive. Planning to research on more stocks this coming summer break. Then while in investments class, I learnt that it's very difficult to beat the market, so I decided to persuade my father to put a sum of his money into a portfolio of stocks in various industries with various dividend yields, which will provide a steady stream of dividend income for when he's old. Haha but he's not convinced. I guess we have different investment philosophies. He believes in speculation and wants me to double my principal in 1-2 years, which is like freaking impossible? If I can do it then I'm like the next Warren Buffett. I told him that thousands of people with phD believes that no one can beat the market but he still refused to believe me. While I, on the other hand, believe in the academics. I would be happy if my portfolio can mirror the index despite the lesser diversification. Then my father proceeded to tell me a lot of stories about companies and financial crises haha. A lot of what he said made sense. Like currently a lot of money is leaving Europe to find investment opportunities in Asia, once Europe recovers, the money will leave Asia and we'll die :( haha. Waiting to see if it'll come true!

Oh yah and I also currently have an interest in buying a ukulele and learning how to play it! Sparked by discussions with Debra and Fang in the AMK library while studying. Anyway my brother plays the guitar very well! He learnt it himself online and I want to be able to play the guitar too. But the strings are freaking difficult to press, despite my zhongruan background. And I heard that the chords on the ukulele are super easy to play plus the ukuleles are all so small and cute. I got this impulse to buy it, like now. But I shall wait and see if it'll pass.

End of my rant -

1 comment:

  1. BUY THE UKELELE. WE'LL BE THE UKE-LILLIES HAHAHA!

    ReplyDelete