Window Dressing

Came across this phrase very often in Cbox recently. Decided to look up the meaning of this word.

From investopedia,

A strategy used by mutual fund and portfolio managers near the year or quarter end to improve the appearance of the portfolio/fund performance before presenting it to clients or shareholders. To window dress, the fund manager will sell stocks with large losses and purchase high flying stocks near the end of the quarter. These securities are then reported as part of the fund's holdings.

http://www.investopedia.com/terms/w/windowdressing.asp#axzz1qaZw08rC


In short, BBs are trying to beautify their funds/portfolio by selling losses and purchasing high flying stocks so that it look nice.

So Smart!

Patience

The market has been raising for past few weeks. For those who are in the market, congrats! Huat ah! May you huat more!

For those people like me who still has lots of cash, this will be a good test for your patience. Do you feel that your money is rotting in the bank with the pathetic interest rate? Feeling heartache and got desire to re-enter the market to join in the fun and earn some kopi money? Sometimes I still has this desire and it is not easy to overcome this greed, but must train!! Patience!

However, I hope that the market can rise up further although I still have lots of cash rotting in bank :)

As for why I hope so even though I have lots of cash? Guess?

Reminder for myself

Will you jump from a job with higher pay to a job with lower pay?
Will you jump from a job with higher prospect of career advancement to a job with lower prospect of career advancement?
Its a struggle between $, career prospects and life.

I will if current job cause me to drag feet to work but the future job has potential to be better.  It is a risk because you never know what lies ahead. The next job might be worse! (I experienced this before. Next job is worse.) But life is a gamble isn't it? If you don't try, you will never know. Go read "Who moved my cheese?".

You need to spend at least 2/3 of your waking hour for 5 work days a week, much more waking hour then you can spend with your loves one during weekdays, thus it is better to be in a job which you like. It may be of lower pay but you will be happy. You only live once and youth once only.

$$$ can be earned. Don't be overly obsess with $ and just aim to save lots of $, invest and use it for retirement.

If you die before you can retire; if you are unhappy over work everyday, what is there to say about retirement in future? You cannot even LIVE YOUR PRESENT.

Won't it be great if you can earn some $, save some $, while enjoying your present life?
Isn't it better to sacrifice some pay for a better life during your working hour?

If you have a choice in life, do you prefer your youth with no $$ or your $$ without youth?
If you have a choice in life, do you prefer a meaningful current life with no $$ or lots of $$ with no life at the present moment?