July 23, 2021

9 thoughts on “A Test! – So What If He is Financially Rich?

  1. Don't compare but just benchmark.

    With benchmarking; at least we will know what is realistically possible to achieve as retail investors and avoid getting pyscho by "Gurus" from their loud advertising e.g. 2X% or 3X% return.

    In Theory can. In Practice we, the common retail investors with family burden still can?

    1. Hi CW,

      Tks for the comments. I agree with benchmark over comparison! Benchmark give us a reference point to begin/target.

      Loud advertising from Gurus… haha! Love this statement. Using popularity to create a new Tap of income from seminars? Not a bad idea at all!

      Also agree that family burden which "eats" time n money makes it tougher for common retail investors to focus entirely in investing.

      Those who over-spend time in over analyzing or over blogging are likely to incur higher opportunity cost in improving their normal career or family ties.

  2. Hi Rolf

    Indeed, comparing for the wrong reason will result in unhappiness. It will be good for one to set clear personal or family goals and work towards it. Review as and when necessary, but not because we want to "copy" others.

    I can feel your inner peace by reading this post. Hope you are enjoying your break 🙂

    1. Hi FD,

      Tks for the well wishes. Indeed I am enjoying my break. But it appears that u r always light hearted (from ur writings) and so u are also always enjoying each moment of life. Even more superior. 🙂

      Agree about review and not copy. And maybe also can substitute "compare" with "learning".

      About Inner peace, my temper was always hot and patience always thinning quicker than ever once upon a time! It improves after several very significant life events for me. It then triggers me to resolve problems or looking at things in a calmer manner. Reading about people who attain inner peace and practice what they preaches helps.

      That said, sometimes tough and firm stance or even raising ur DBA is needed for exceptional cases. 🙂

  3. Hi Rolf,

    A little bit of A and maybe more of B?

    There's really no hard and fast rule, I guess. Depends very much on whether I can have interaction with him and how the interaction turns out. I have definitely admired many who are younger than me, even though I am still quite young. LOL

    Regarding announcing portfolio and passive income, I am indeed guilty of that. I don't deny there's a bit of "stroking the ego" there, especially when readers leave favorable comments.

    But there are many potential downsides to doing that and by and large, I think most of us who puts up or portfolio are just trying to inspire some readers and tell them that "it's possible". Nonetheless, I have to admit that most of the time, it amplifies the negative emotion of "envy". But as long as there is at least one who is positively inspired, why not?

    1. Hi 15HWW,

      Excellent for the choice selection. Not because u r right or wrong but bcos u r always truthful to urself. I read ur articles often and this is without doubt one of ur pillars of strengths. Cheers!

      While I am still young but closing in to big 4 soon, so guess I m not too young either.

      Regardless of age, I think the right mixture of old and young perspectives, energy and experiences are important.

      Considering average normal people, the old interact with young not necessary is to learn or teach anything but to get influence their jest, energy and creativity.

      The young should respect the old for their experiences/sustainability and be more receptive on things that have yet to experience in life.

      Regarding portfolio announcement, no need to be guilty as I think your portfolio is a proud one to be announced.

      just like many others, kaypoh on other portfolio is common.

      I did not get only sentiments from your article at all that u only want to invite praises. There r many elements of inspiration and positivity.

      Eventually one day when u decide not to publish then probably u can drop me a note to tell me why? Cheers again.

  4. Comparing is the fastest way to make yourself miserable. It is one of the biggest failings of our city. My takeaway when I look at successful people is always to be inspired. I personally refrain from talking about my own financial investments because in my mind that's the equivalent of a net worth selfie, and apart from vanity there is very little contribution to anyone else's learning.

    1. Hi Ladykiller,

      Thanks for dropping by.

      I agree the environments of many meritocracy cities of today is not ideal to cultivate the "right mind" to attain inner peace and the meaning of TRUE life!

      I also concur that "intelligent" people will be inspired rather than feeling sour by successful figures. However, the defining fallacy is "successful inspiration" often only applies to people so distant and so famous e.g. Warren Buffett, Steve Jobs, Bill Gates etc.

      We choose to ignore those nearer to us. In reality, we do not even want to admit that our friends, relatives, or colleagues are successful even if they really are.

      It is a mental/mind incompleteness or put it in simpler term "inferior and insecure!"

      Strictly speaking, someone tell me before that you will never ever in your entire life be successful even with Tens of millions if this aspect of "subconscious inferiority complex" is not eradicated.

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