Me in 2012

2012 will be one of the most significant year of my life...
2012 will decide which road and where am i heading to...
This is the real junction of my life...

We must have a plan and targets...
to guide us and motivate us to move forward!

1st thing...
stay with my family and be with them when they need me...
i'm the eldest, i have to do it...
no matter how good you are or how much u earn every month...
without your family, its nothing...you're nothing...

2nd thing...
My finance target...
i missed 2011 target so much...
in 2012 i set myself to hit the 40k investment portfolio...
with a dividend income of 2.5k...
will set up the investment policy for myself soon...
besides that, i must make myself to generate more than RM4k per month if i'm kl and 3k if i'm in sabah!!

3rd thing...
Do at least 1 meaningful stuff or event in 2012...
at the moment, i'm planning for DEFYING GRAVITY PARTY 2012 which is a charity dance event...
it will help charity organizations to raise fund,
promote healthy lifestyle>>the right dancing culture,
to train youngsters to organize stuff...

4th...
READ 20 BOOKS!!!
there is a Chinese say: "book has golden house"
learn from the book and we can find peace in the book!!

5th...
i want to have my own biz...
thinking of a studio,event planning,tuition...
have to confirm where do i start my 3rd stage of life 1st...

6th...
KEEP FIT...
have been gaining so much fat and weight after i retired from dancing...
spare tyres...
65kg with at least 4 packs...

2012 will no be an easy and simple road for myself...
many uncertainties and many tough decisions to make...
God bless me that i will head to the right direction...

Executive Summary for 2011

2011 is my last student life cycle...
How did i perform so far??
let's see...

First of all,
i'm no longer single...
with a girl 3cm taller than me...
Not bad, she can be a very good mom...
can cook very well...

then,
some not really good one...
My Dad was diagnosed nose cancer few months before i fly to UK for my degree program...
Luckily,He managed to overcome all the treatments and getting better nowadays...
and i decided to work in sabah if got a good job in sabah so i can take care of my parents and also allow myself to save more money due to lower cost of living and entertainment in my hometown TAWAU.

So,i rejected CHARTIS insurance company job offer as underwriting exec with 2.6k start up pay and 6 months probation.
I like the job where it need me to do some analysis and also meet up agent,broker,clients(BOD,Big firm,Financial institutions).
This job requires me to do some presentation.
But it doesn't give employee benefit as good as bank but its good enough for a normal start up.

My study,
came back from UK with 1st class honor...
one of the good achievements of the year...
at the same time i went for CFA level 1 exam...
result will be out on 24 january 2012, please pray for me...

Finance part of mine...
this is the worst performance of the year...
Total portfolio recorded a small gain of 0.24% which equal to nothing!!
Main reason of the small gain is due to hiking expenditure includes UK expenses and CFA registration fee and exam fee.
Then, 2011 had the lower income ever for these 4 years...
Higher outflow with lower inflow caused low growth in 2011...

Equity portfolio posted disappointed result which is -2.96% due to over-divest when i'm traveling in Europe at the end of September.
Super low equity exposure forgone the return of the market rebound and missed the dividend target.
Total dividend received is only 900++ from equity portfolio which is 10% below the target...
Estimation of opportunity costs of that action are an equity return of +5% and total dividend of 1.6k...
I learned 1 more lesson, be confident on your selection and forget about the market movement!!!
I must practice that!

At last,
I didnt reach the book reading targets,
didnt read much book this year,maybe just around 10 books...

Blog writing is kinda low this year...

But i do have 1 more big achievement in 2011...
I organized UK trip and Europe trip for my course-mates..
8 cars for the UK-Scotland&land's end trip...
we used 9 days and we slept in the car most of the time...
but we do really learned and experienced alot!!!
MONEY CANT buy those memories and experience we got there...

next,
Europe trip which is the biggest backpack tour ever from TARC!!
we had 30 members in total...
traveled 9 Europe mainland's countries and 11 cities...
COOL...

Gonna plan more BIG stuff in 2012...
GOgogogogo...

ROCK THE 2012!!

The Junction of my life

Last day in London...
bought myself a cup of COSTA mocha...
have rest and think about the future plan after walking around Camden town...

asking myself...
who i want to be in few years time...
what i want to have in few years time...

set myself the 1st main stage of my life~30 years old...
i probably will get married and have at least 1 kid whn i'm 30...
hence have to really "PIA" for the future...
Aim to get marry in 4 years time~when i'm 28...

to make sure my future life is better...
have to reach some of the targets when i'm 30...
most of it are in term of financial...
cuz tat time...
i have to be able to support 3 families...
my own family x2 (me and my wife,dad+mom+sis+bro)...
her family (wife)

1) positive net-worth and financially independent(i will need at least 7k passive income)...
2) 300k investment portfolio (excludes the property and biz)
3) 4 property and 1 own house
4) 4 biz

i should start investing in property start from 2013( 26 years old)
then i will have 5 properties when i'm 30...

meanwhile biz should be started next year...
still having my 1st biz dream~a studio...
then thinking of bakery+coffee shop with my bro...he is taking bakery now...
some biz related with sea where my dad and mom can operate it...
lastly...a small tour company with my sis...
and maybe some F&B biz which can be started easily and low cost...

to do so...
i have to really "PIA" 99 at the beginning especially the 1st 2 years...
start in S'pore...
get my CFA in 2013 and become a Charted Financial Analyst in 2015/16
have to get myself a salary of SGD 2.8k and above...
at least save up SGD 1k for investment each month...
have to start building up passive income stream by 2012...

if i can hit these targets...
i will be a FREEman by 35 years old...
i can do wat i wan together with my family...

to do so...
i have to be ready to take some risk...
a quote from MA YUN...
"if there is a certainty of 40%,just do it!"
sometimes,think too much is a problem...
take some calculated risk and go for it...

let's see how it goes...