10 Things Investors Need to Control

I fell in love with investing the moment i entered the financial management class. Why is that? Simply because investing is really a practical subject and closely related to life compared to engineering subjects like calculus, mechanics of materials, surface engineering, and so on. For me, its pretty hard to practice (mostly) what we learn in engineering without proper tools or machines. Even though i used to love programming but with time, the knowledge simply fade without practice.

Investing is relevant in everyday life. U can watch the stock prices go up and down, and decide to buy or sell. Or u can save money in an account, a fixed amount every month, and with proper application of "time value of money", after a certain period of time, u can accumulate your desired amount of cash. Or u can create your own retirement plan. Or if u have excess cash, u can decide which business are u going to invest in.

Rich Dad often said "Investing is not risky. Not being in control is risky." Financial literacy, after all, is really important. According to Robert T. Kiyosaki, if u want to become a successful investor, there are 10 basic things u need to take control:

1) Yourself
2) Income/expense ratios and asset/liability ratios
3) Management of the investment
4) Taxes
5) When you buy and when you sell
6) Brokerage transactions
7) ETC (entity, timing, and characteristics)
8) Terms and conditions of the agreements
9) Access to information
10) Giving it back, philanthropy, and redistribution of wealth

Learn what u need to learn and experience them first hand.
I hope all of us gain control of our financial statements.

International Business

So i have this International Business (IB) course this semester, well it is compulsory but i find it very interesting, but of course less interesting compared to Financial Management since IB requires a lot of readings.

Anyway, last week before holiday we had this forum for presentation, discussing whether it is necessary or irrelevant for youth to be involved in politics. Well obviously its necessary lol. The previous night, oil price went up by 20 cents, and we brought that issue into the forum. Turns out that the price hike is to reduce the national debts, which reminds me that some of PTPTN receivers at the end of their studies simply neglect their responsibility to pay back, which is a similar case in the US.

We also had this totally random quiz in IB, there was like 10 subjective questions and its either u know or u dont know. Some of the questions that i remember, how many medals did Malaysian teams get (4 at that time), who is the main character of Frozen (Elsa), who is the PM of Singapore (Lee Hsien Loong), what is the capital city of Pakistan (Islamabad), and others. There are 3 more coming and its pretty exciting tho since we dont need to study at all. Hahas