Owner: Rich Snail URL:http://www.richsnail.com/blog Join Date: Fri, 18 Jan 2008 10:33:22 -0600 Rating:0 Site Description: Snail strategies to get you rich - personal finance blog Site statistics:Click here
Warren Buffett - Richest Man on earth 2008-03-06 22:19:43 So WarrenBuffett
is now the world’s richest man; I guess this proves he has been “walking the talk” since his Joy of Compounding demonstration back in the 60’s. Carlos Slim moved into second place on the list, pushing Bill Gates down to third. Mr Microsoft had been sitting in the comfortable No.1 position [...] Read more:Warren Buffett
The Joy of Compounding - W. Buffett 2008-03-04 03:02:28 Berkshire’s annual reports and letters to shareholders were just out end of last week. As every year, Mr. Warren E. Buffett
writes in a very engaging and straight-forward style about his successes, his failures, and his general observations on the markets. His letters became a kind of American Sakura (Cherry Blossom in Japan).
But my posting [...]
Bull & Bear Market? 2008-02-26 01:45:03 Every profession like to have its own vocabulary and slang. Vocabulary is essential in describing something precisely, while slang helps give meaning to a professional terminology or concepts – and a sense of belonging to a community.
The financial markets are packed with slang. I thought it would be interesting starting a new category which will [...] Read more:Market
Weekly Interesting Reading 2008-02-22 04:08:12 As some of you know I just started a new job; I’m actually struggling a little to update Rich Snail on a regular basis. I am looking forward to settling down fast so as to find more time for regular posting soon. Meanwhile, I read some very interesting articles over the past few days & [...] Read more:Reading
, Weekly
Readers Questions – Foreigners Financing Malaysian Properties 2008-02-18 00:38:21 Today is a good day. I just turned one year wiser, and I received my first readers question in my Snail Inbox. Stephen is a foreigner living in Singapore, and is looking to invest in the Malaysia property market. He ask the following question:
I hope you don’t mind my writing to you directly like [...] Read more:Financing
, Malaysian
, Properties
Asset Management Report - The Economist 2008-03-11 22:38:21 I love reading The Economist
. They advocate free trade & economic liberalism, and usually take a strongly argued editorial stand. I also love their witty & humorous, yet clear, English. Last but not least, their special reports always are very interesting & well documented.
I highly recommend reading their latest one on AssetManagement
: Money [...]
Personal Finance Pages in AllTop & Mahalo 2008-03-14 02:55:21 Guy Kawasaki just launched a news aggregation sites called AllTop. Essentially, it displays all the news on a specific topic, aggregated from top publications and blogs. As Guy put it, it is close to an “online magazine rack”. They have a good personal finance category, and many renowned PF blogs are listed there. I [...] Read more:Pages
, Personal
Volatile Markets? Go Cost-Averaging ! 2008-03-17 06:43:41 We’ve been in a roller-coaster market since a few months. When the markets are so volatile, it is difficult to know when to invest, and when not to. There usually are no right answer. The best way to circumvent this problem is to go cost-averaging.
What is Cost- Averaging?
Aside from its complicated term, it actually [...] Read more:Markets
, Volatile
Passive Funds as a foundation 2008-03-21 04:33:17 There are thousands of funds around the globe. All of them doing similar things in many different ways. The fun of the game is to find the fund which will suit your need and objectives; there always is one thing not to forget though: your fund needs to outperform the markets! There’s little value in [...] Read more:Funds
, Passive
Passive Funds - Exchanged Traded Funds (ETF) 2008-03-25 05:00:18 ETFs will typically work like a normal index fund; they invest in a group of stocks, bonds, and other instruments and mimic the performances of the index tracked. These passive investments were created 15 years ago and enjoyed a rising popularity since their inception. Why is that?
Index fund with stock flexibility
ETFs work like stocks; you [...] Read more:Funds
, Passive
Of Snail & Money 2008-03-27 00:34:26 I just stumbled upon this hilarious uncyclopedia entry on Snails and felt compelled to share it. Extract:
Snails are rich slugs who can afford housing. Essentially, a snail is the equivalent of a hard-working slug achieving the American dream thanks to the grace of God and Sam Walton. Read more:Money
US Housing Market Bubble Graph 2008-03-29 20:34:50 I just stumbled upon a very interesting graph on the US housing bubble taken from an August 2006 New York Times article: Read Between All Those For-Sale Signs. The articles is retrospectively very interesting, and hit a few nails on their head. The intro is particularly inspiring to me:
Real bubbles pop. They are [...] Read more:Bubble
, Graph
, Housing
, Market
Finance & Markets Milestones 2008-04-01 06:54:53 We have been chasing money for thousands of years. But the money we are chasing nowaday is quite different from the one used in the old days. As with everything human, we complexified the system over time. We started of with shells, precious metal, banknotes, and are now regularly using credit money. Money is part [...] Read more:Markets
Vanguard 500 Index Fund - Funds Review 2008-04-08 07:49:01 Funds are my favorite way of building a diversified portfolio. Many people are afraid of funds ’cause they do not know how they work or what their strategy is. There also are so many it becomes a pain to make a choice. In this category I will review will be the ones I personally like [...] Read more:Funds
, Index
, Vanguard
The Oracle of Omaha’s on the American Economy 2008-04-15 00:26:54 When markets are tumbling, people usually turns to Oracle
s. Some will be optimistic, some will be pessimistic, and Warren Buffett will be down to earth. His “Oracle of Omaha
’s” nickname comes from his long term success, witty comments and letters, and he lives in Omaha Nebraska.
Mr Buffet gave us another golden nugget of wisdom in [...] Read more:American
Stay on top of your expenses 2008-04-27 23:37:07 Pfiou - what a mess ! We just spend an hour yesterday tracking our expenses for the current month. We enjoyed some EPF withdrawal which directly lowered our mortgage principal - it is great, but we did not anticipate the additional work we would have to track it! It kind of messed up all of [...]
Change in this blog… 2008-05-27 03:13:03 I started this blog with the idea to “help individuals with their personal finance, and of course learn many new things along the way”. I waited quite while before writting my first line because of “too much thinking, hesitating and procrastinating”. Reading back on these lines I realize that I set myself obstacles from [...] Read more:Change
The Brand Called You 2008-05-28 07:23:35 I just finished reading The Brand
Called You written in 1997 by Tom Peters, and I have to say: I am blown away ! This article is piece of art which contains so many nuggets of wisdom I don’t know where to begin !
I actually read it 3 times. The first was a discovery. The [...]
The Furin Story Teller 2008-06-05 09:43:59 The Art of Story Telling is ancestral. I believe this art was born the same minute our ancestors started using language to share ideas, thoughts, and stories. Great stories succeed because they are able to capture the imagination.
Story telling is also an essential component of successful businesses. Many thrive thanks to great story telling.
For those [...] Read more:Teller
Economist Article Weekly - Buying Stories 2008-06-08 03:13:13 As I tend to quote and link to The Economist
on a regular basis, I decided to create a specific serie where I would “limit” myself to one article per week. The one I preferred of course. That way you will enjoy a quick extract of my Economist reading and will know when to expect [...] Read more:Article
, Buying
, Stories
, Weekly
Scottish Provident International Transfer to Royal London 2008-06-09 03:51:45 Following an agreement signed in December 2007, Scottish
Provident International
Life Assurance (SPILA) business has officially changed ownership to become part of Royal
London. This integration certainly reinforce the Royal London Group position as the UK’s largest mutual life and pensions compan, but what does it mean for you, and how does it affect [...]
Local vs International Medical Insurance 2008-06-11 05:22:22 Following on the creation of a dedicated “Protection” Section, I thought it would be interesting to explore the options we expats have regarding Medical insurances abroad. We basically have three choices. The first one is to bet on your health and not apply for an insurance - cross finger nothing happen. The second one is [...] Read more:International
, Local
Robot Insurances Protection 2008-06-15 23:08:45 It seems like we can get an insurance for everything and anything lately. Some insured their boob implants, some insured their legs, others even insured their dogs… Maybe one day we’ll end up insuring ourselves against Robot
s !
LOL ! Read more:Protection
Economist Article Weekly - Pension Stories 2008-06-19 06:40:04 It took me a wee bit more time than usual to read the Economist
this week. Many reasons to that, some of them being work related, others being personal - those who know me well will understand easily…
This week extract from my Economist reading is the trouble with pensions article. It is on the lengthy [...] Read more:Article
, Pension
, Stories
, Weekly
I’m back a changed man! 2008-07-21 23:05:09 I’m just back from my trip in Europe. My left hand is slightly heavier now, and I am walking on clouds every morning thanks to delightful sugar notes. For those who don’t know me personally, I just got married 10 days ago in France. The ceremonies were beautiful, the reception was a great success, the [...]
Economist Article Weekly - Bearish Predictions Trend 2008-08-06 23:39:01 It can be difficult to create a name for yourself these days. One of the surest way to do that is to stir the pot & go for controversy. It ensures that a few people will listen to you & the ones who feel attacks will respond. And there is only one thing worse than [...] Read more:Article
, Bearish
, Economist
, Predictions
, Weekly
3 Reasons to Get Health Insurance Young 2008-07-31 06:04:31 Many young people do not have health insurance. I used to not have health insurance. Why would we need one? We are naturally resilient, healthy, and are much less likely to have a serious medical condition than any other age-class.
Then why did I get insured?
1- In case something happen
I know, it sounds obvious. But working [...] Read more:Health
, Reasons
Economist Article Weekly - Hedge Fund in 2008 2008-07-28 06:52:54 With the recent “credit crisis”, many are losing faith in the markets. Should we start panicking and invest in our good safe bonds and blue-chips as in the past, or should we look back on our former presumptions on the financial black-swan of 2007?
This week extract from my Economist
reading is time for pruning article. [...] Read more:Article
, Hedge
, Hedge Fund
, Weekly
Malaysia Road Driving Rules 2008-08-22 21:00:10 I just received an email from my beloved wife with the following text apparently written by a foreigner residing here: David Astley. He has his own website and blog , where you can enjoy his copywritting, witty humour, and beautiful pictures. I just bookmarked them and added them to my RSS. David if you read [...] Read more:Driving
, Malaysia
, Rules
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