To Make a Difference - Pre-deployment

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Those who were from the same camp with me should see some familiar faces.


Take care of your money, women

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Although they can do it, 80% of women don't actively engage in investment planning for their financial well-being

WHO'S better at investing: men or women?

'This is not only a fun question but it is of great practical value,' says INSEAD assistant professor of finance Lily Fang, who hosted a 'Women and Money' forum at INSEAD recently.

Some studies suggest that women are better investors than men; but dig a little deeper and the picture isn't so clear.

What is clear is that too few women take an active role in investing their savings. Since women on average live longer and have lower lifetime income than men, it's important that they learn more about investing, Asst Prof Fang says.

In a large number of academic studies of investment gains, men and women actually come out about the same on a net basis. Women do better in the end because they trade less frequently, so they don't run up expensive trading costs.

Assistant Professor Lily Fang believes it's very important for the family - both the man and the woman - to come up with a financial plan together and to invest together. Research evidence shows that, as a partnership, men and women make better decisions when they decide on investments together.

'(Men) take higher risks, and higher risk is rewarded with higher returns. But after you take out the transaction costs . . . men are slightly worse than women,' she says.

In fact, Asst Prof Fang says both men and women tend to underperform the major market indexes when they trade as individuals. 'The more you trade, the more you lose out against a passive index. So, compared to men, women might lose out a little less,' she says. Surprisingly, men trade almost 50 per cent more than women.

The statistics are the same if you compare women and men who are professional traders, but the sample size of women professional traders is so small that Asst Prof Fang is reluctant to draw conclusions.

She's much more confident about the obvious conclusion: 'The evidence should give women the confidence that they are perfectly capable of taking care of their financial well-being, and we need to get that message out there so that people can start doing the planning. Then it's a matter of educating yourself,' says Asst Prof Fang.

Unfortunately, the bad news is that the bigger picture indicates that 80 per cent of women actually don't actively engage in a financial plan.

Long-term financial planning is a particularly important issue for women, Asst Prof Fang says, because people are living longer and women have a longer life expectancy than men (often by 10 years or more). Also, in old age, women tend to be afflicted with long-term illnesses such as osteoporosis and arthritis.

'If you don't have a financial plan in place that you started thinking ahead of time, once you get (older), a lot of people are quite shocked' by their financial status, she says.

Women should know that it's never too early to start planning. Asst Prof Fang says women should start saving and investing when they land their first job.

Women shouldn't fight their instincts. Asst Prof Fang lists some important attributes that women employ when investing their money:

# They trade less frequently to keep costs down.

# They tend to hold more diversified portfolios than men.

# They're more ready than men to acknowledge that they need to find resources.

# They tend to have a longer-term perspective when investing.

# They tend to seek personal financial advice, instead of relying on advertisements and advice found on the Internet.

These attributes should serve investors well. But as a lot of women are busy with careers and family, some don't want to think about their long-term financial future and tend to leave financial planning to their husbands, Asst Prof Fang says.

She believes it's very important for the family - both the man and the woman - to come up with a financial plan together and to invest together. Research evidence shows that, as a partnership, men and women together make better decisions. Now it's up to women to take greater control.



Auntie Anne's presents "CCB" (Cheesy Chicken Bites Deluxe!)

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Nice, I called to terminate my Starhub MaxOnline few days ago. The CSO said they will call me back few days later to confirm. I thought they were trying to formulate an offer I could not resist (Which obviously is hard. When I have decided something with regards to IT, most likely I have done a reasonable amount of due diligence and you think those majority ignorant sales person able to persuade me?)

And so few days went pass - not a single day without youtube buffering of course - I received a call today. Without second guess, it was from their terminating department trying to persuade me to stay. What was their tool? This is the best thing. They gave me an offer that is EXACTLY the same as the one advertised on their PUBLIC domain i.e. an offer that is available is every peter, john and larry on the street. So much so for being a hub club member for years.

No prize for guessing correct the action I took.


Easiest answer ever

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Q: How do you watch youtube smoothly without buffering on Starhub MaxOnline?


Double Declining Depreciation

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My Starhub notebook has been doing straight line depreciation for the past 2 years until recently it has switched to the double declining method to my horror. I genuinely believe it is due to wear and tear of the hardware inside because.... see the description of the blogger at the top of the page. And all the slowness is really not help by my ISP SLOWHUB!


49th Month Anniversary

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Amidst the private property in Serangoon Garden, I discovered a nice looking restaurant while doing my weekly jog few months ago. And I decided to bring bella here for our 49th month anniversary. Those who are interested, I can pass you the address.

8 stars for the decoration

7 stars for the inner ambiance

1 STAR FOR THE FOOD (We thought waiting ONE HOUR for our pasta equates a top notch quality recipe that needs that much time. Unfortunately....)

Now, who still want the address?


Better World Books

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Recently, I ordered 3 textbook from Better World Books.

A short quote about them from their web site.

Better World Books collects and sells books online to fund literacy initiatives worldwide. With more than six million new and used titles in stock, we’re a self-sustaining, triple-bottom-line company that creates social, economic and environmental value for all our stakeholders.
And I am pleased that my books gave me a heads up before they come by emailing me the below.

Hello Collin,

(Your book(s) asked to write you a personal note - it seemed unusual, but who are we to say no?)

Holy canasta! It's me... it's me! I can't believe it is actually me! You could have picked any of over 2 million books but you picked me! I've got to get packed! How is the weather where you live? Will I need a dust jacket? I can't believe I'm leaving Mishawaka, Indiana already - the friendly people, the Hummer plant, the Linebacker Lounge - so many memories. I don't have much time to say goodbye to everyone, but it's time to see the world!

I can't wait to meet you! You sound like such a well read person. Although, I have to say, it sure has taken you a while! I don't mean to sound ungrateful, but how would you like to spend five months sandwiched between Jane Eyre (drama queen) and Fundamentals of Thermodynamics (pyromaniac)? At least Jane was an upgrade from that stupid book on brewing beer. How many times did the ol' brewmaster have one too many and topple off our shelf at 2am?

I know the trip to meet you will be long and fraught with peril, but after the close calls I've had, I'm ready for anything (besides, some of my best friends are suspense novels). Just five months ago, I thought I was a goner. My owner was moving and couldn't take me with her. I was sure I was landfill bait until I ended up in a Better World Books book drive bin. Thanks to your socially conscious book shopping, I've found a new home. Even better, your book buying dollars are helping kids read from Brazil to Botswana.

Eagerly awaiting our meeting,

Financial Markets & Corporate Strategy



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