Rest & Recuperate from Trading

I’ve been trading for quite some time now. Paper trading as well as REAL trading since I was probably 19? “Play-play” trading for even way before that.

I’ve decided recently to take an R&R for a little while. Situations have changed and will change even further in the next few months. Hence, I need to re-evaluate my position and make a few changes to my trading plan and objectives.

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You’ve got to make life choices sooner or later

Choices that I’ll be making and pathways that I’ll choose in the next 6 months will lead me to either two ofย  these situations:

My life will go into a spiral dive…

or…

my life will be a successful and happy one.

And I’m really afraid that it’ll be the former… If I fail, I’ll fail big time…

But hey, that’s life! Think positive ๐Ÿ˜€
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Golf: A Psychological Game

Any golfers out there?

I started playing golf since I was in Form 3 (15 years old). Or was it earlier? Can’t actually remember.

The first few years was pretty frustrating until I met this one amazing golf instructor. Too bad I lost contact with him already.

Anyway, when I went to college in Nilai, I trained under a new instructor who apparently trained in California and bla bla bla. Well, I screwed up my swing and got hold of some really bad habits. I couldn’t hit right for 1 year plus.

After college, went back home and went to train under my old instructor again. Thank goodness I got better!

Being in Australia, I did manage to play a lot in the beginning but life took hold and golf is now in the back burner. I’m starting to play again slowly and I’m really hoping that I can improve my swings pretty soon.

The major problem that I’ve always had when I play on the course is pscyhology-related. I can swing amazingly on the driving range but when it comes to playing when it matters, I shank, I slice, and I hook. I just can’t handle the pressure. Kadang-kadang, malu wei!

Thus the reason why I’m a bit embarassed when people invite me to play golf with them ๐Ÿ˜‰

By the way, to illustrate my horrible-ness as a golfer, my handicap is 24 ๐Ÿ™

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A way of making money?

Here’s a statement for you:

“You must be willing to spend some money to make more money.”

Do you agree with that statement? Personally, I do.

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Treading the walk of financial freedom alone

The journey of wealth creation can be fascinating and exhilarating, though sometimes it can be tiring and frustrating. Being alone in the journey can sometimes be rather de-motivating. Let’s face it, we’re human beings. It can be hard at times to keep us focussed on our objectives.

If one has a partner or partners to share the journey with, the journey itself would be more interesting. They can learn from each other and they can even motivate each other.

Even better, in that journey, you have formed yourself a husband-and-wife team (or boyfriend-and-girlfriend team for that matter). You now have a full-time partner to assist you in your investments and businesses. Things will be much easier.

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How to accumulate capital for business or investments

Everybody knows that to start a business or to start investing, you need capital (in Bahasa Melayu, modal). This issue of finding capital to start with is also one of the reasons why many people do not invest nor save nor start a business.

Do these excuses apply to you:

1. “I have no savings at all to buy unit trusts”
2. “What’s left over from my salary at the end of the month is so meagre that I shouldn’t be bothering about investing.”
3. “Invest? Business? Are you kidding me? I barely have enough money to keep myself going.”

To start, let’s make it clear. There will never be enough money to invest or even form a business. However, we, humans, the breadwinner, have the power. We are the decision-makers. The issue of “not having enough money” is only in our minds.

The solution is simple. Make sure there’s enough money to plow into investments/businesses. How? Use the thing that sits between the tight few inches between our ears, my dad says. In other words, use our brain. Be creative.

If you are working and rely on your salary, try working out your budget. Try cutting down things that are unnecessary. Make sure your inflows are much more than your outflows. Don’t even be tempted to load up your credit cards. Bad debts are bad. Money will be enough if you make it enough. Cut down on those luxuries. Hey, who said journey of wealth creation is easy?

If it’s still not enough, then it’s time to get creative!

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It’s official! Nadlique is now financially free!

With an investment of only AUD15, I am now officially a ten trillionaire! Look at the picture below as a proof.
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An Interesting Experience with a Malaysian Insurance Company

A few years ago, my parents and I went to the office of a Malaysian insurance company for a renewal.

Let’s start with why we went in the first place. It started when I asked my mum a few nights earlier about insurance. She then went to check the insurance policies and found out that they had expired. The thing is, this insurance company did not even bother to send renewal reminders. I mean, what sort of business are they running? Not bothering to send renewal reminders to customers translate into people forgetting to renew their insurance which translates into no money going into the company’s bank account.

In our insurance policies also, there were some mistakes. Under the beneficiary section, there was some random dude listed there. Somebody that we don’t even know. My mum had in fact called the insurance company a long time ago and they said “yeah yeah, we’ll change it right away.” At the office, we found out, the random fellow’s name is still there. So, what happens then if something happened to one of us (i.e my parents and I) ? Who’ll be getting the payout?

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Nadlique’s Blog of Financial Freedom featured in The Malay Mail

Nadlique’s Blog of Financial Freedom was featured in a Malaysian newspaper, The Malay Mail. Have a read of the feature here.

A huge thanks to Gabey Goh for that.

Click here for the feature.

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