About
Hi, many thanks for visiting my site.
I am Alvin and I live in one of the smallest countries in the world – Singapore. Read on to know more about me and how the blog can help you achieve financial success.
Why start this blog?
Personal finance is an important subject that everyone needs to know. I believe your job is inadequate to sustain a lifestyle that you want, or allow you to retire with financial security. You do want to be financially free and not let money bogged you down. Thus, one of the best methods is to invest wisely and grow your wealth to achieve your goals. On the other hand, the investment world is not as safe or easy as you think. You need to learn about it and take extra caution when you invest.
What you will not see in this blog:
1) Financial News – We live in a world that is very cluttered with everything trying to grab our attention. There are already plenty of financial news providers out there where you can read about them. I do not want to reiterate here and add on the clutter. In addition, I believe true investing does not rely on news. The moment you react to news, you are a sheep follower waiting to be slaughtered.
2) Stock Recommendations – I do not believe in stock recommendations. In actual fact, people who recommend stocks are not rich through investing, but rather through their paid advice. I want you to think now, do the world’s richest investors like Warren Buffett and George Soros give recommendations?
3) Predictions – I am not a seer. Likewise for you too. Predictions are usually wrong but many people still want to do it. Trying to prove that “I am right” is an egoistic nature of humans. Predictions also generate a lot of hype and get many to be interested. To me, I do not know what the future will bring and I do not want to mislead you. I want you to focus on the sound principles that will bring you a higher certainty of attaining wealth.
What you do see in this blog:
The blog is categorized into 3 main topics – Investment, Personal Finance and Success.
1) Investment – This is the biggest topic presented in BFP and is usually of most interest to the readers. I share information that I learn from gurus, books, seminars as well as personal investment experiences. I talk about both fundamental and technical analysis, stocks, forex, commodities, real estate and other investment products.
2) Personal Finance – This topic revolves around managing your personal finances. It includes tips on saving money, insurance and loans matters. I will preach sound principles which you can apply to your life and improve your finances.
3) Success – How can we talk about money without talking about our ability to earn more money. In this topic, you will find personal development tips and success principles taught by gurus all around the world. I intend to post more success stories that seek to inspire you and me.
My Investment Strategy
It took me quite some time to really get serious into investing, especially coming out with a concrete strategy tailored for myself. But I guess it is better late than never!
I am both a trader and an index investor. Graduated from the T3B Trader Course, I am armed with a tested system to began my trading journey immediately, without having me to develop a system from scratch. This gave me the focus to work on my psychology, which is the most important element for successful trading. Predominantly, I use Contracts For Difference (CFD) for my trades, which allows me to long and short the market with leverage. After having reasonable successes with T3B Stock Course, I attended the T3B Forex Course as well. I post my monthly trading results here.
Besides the “fast pace” trading, I am a true blue believer and supporter of the “slow and steady” index investing philosophy. This investing method is really the most fool-proof and I do not understand why many people are not doing it. It should be the foundation of investment where everyone should begin as early as possible! Coupled with dollar cost averaging, I buy into various indexes that I believe have much growth potential in the far future. By doing index investing, I am betting on the overall economic development of a particular country. For instance, I believe Singapore’s economy will eventually be stronger than it currently is, hence, I am buying into STI ETF on a monthly basis.
I must agree it is very weird to have 2 extremes of investing methodologies combining as an investing strategy. But I do believe it will work for me – one for the long term and the other for the short term. Sometimes, you do need faith on your plan to make it work. :)
Happiness is Now
If you were one of the early followers of BigFatPurse, you would have know that her tagline was “Solutions for a lean purse”. You can read why the tagline was changed here. Briefly put, the reason was to have a more encompassing tagline that includes the seek of happiness in life, which I feel is the ultimate aim for a human being. Money and wealth are important but they are means to an end. It came about when I began to find out about true happiness and meaning of life, and I was steered towards spirituality for answers. I would not say I am a convert to any religion, but there are indeed some useful pointers that can “enlighten” me. In fact, I started to realize the importance of gratitude that was mentioned so often in the practice of law of attraction. To be appreciative of whatever you have, you actually can attain happiness immediately, and put you in a better position to achieve your goals. Then abundance in terms of wealth and happiness is what I hope you and me can achieve. I would like to quote a phrase from Eckhart Tolle’s book, “A New Earth“,
“If the thought of lack – whether it be money, recognition, or love – has become part of who you think you are, you will always experience lack. Rather than acknowledge the good that is already in your life, all you see is lack. Acknowledging the good that is already in your life is the foundation for all abundance.”
Disclaimer
All viewpoints are strictly for information only and may not be suitable for your financial needs or goals. Please carry out more research or consult a qualified financial advisor to assist you. Although the author tries to provide accurate information, mistakes or inaccuracies may still arise and the author will not be liable for any inaccuracy.
