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How to switch career path to investment sector?
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left_bug
Senior |
12-Sep-2007 11:02
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Appraisal does not work . What if everyone work hard? Everyone get a big raise. What company would do that? I heard some company practice bell curve raise. Also bosses doing appraisal is just plain not objective. If the guy doesn't like you, he can find hundred of things against you. So third party appraisal is much better. But, what company would spend money to hire consultants to grade employee's performance? |
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Pension
Elite |
12-Sep-2007 10:45
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my previous company, the lower the cut the lady wear (the thing almost jump out) the faster their promotion. |
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Centaur
Veteran |
12-Sep-2007 10:44
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Sadly, sometimes these things happen in the working world. suppressive bosses and office politics.. tsk tsk. Spurs, yr family must be very supportive, else i can imagine the constant nagging and fear from yr family for choosing this 'unique' route... |
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spurs88
Senior |
12-Sep-2007 10:38
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All bosses in large organisations have quotas to meet during performance appraisal time. How to be nice? In my previous organisation, the shorter the skirt is, the higher the grade she will get, not how much you have done or how creative you are. |
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Manikamaniko.
Master |
12-Sep-2007 10:10
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Centaur got the ultimate solution!!!... |
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Pension
Elite |
12-Sep-2007 10:02
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the world is balance, if there is white, there is black, if there is positive there is negative, if some people make money in share some people will loss money, if there is ying there is yang, if there is female there is male. your destiny is under your control and if you let your destiny control by your boss,wife or your girl friend you will never be happy. God created all this balance to make life interesting for us. overlife is like a clock, it tick every second and the frightening part is we do not know when this clock stop ticking. my advise to you, buy and sell your share within a day because you do not know the behavior of the share market and when you clock stop ticking. |
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Fairygal
Veteran |
12-Sep-2007 10:00
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Yep, think holding full-time job is most suitable, along side with little trading/investment and other secured money grow money financial instrument play. Not everyone can be Spurs of Singapore. So, to all bosses, head of dept,.....please be kind and nice! |
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Centaur
Veteran |
12-Sep-2007 09:51
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Don't think i can be like spurs anytime soon. But how about a career switch to being a trader say at a brokerage house or something? Does anyone have any experience? Also, what are the relevant course/certs we need to obtain? |
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sohguanh
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12-Sep-2007 09:42
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I doubt the dividends from stocks ALONE is able to tide us over our day to day living if we retire. Instead we should treat dividends from stocks as one of the incoming stream of income. Others include your CPF if you retire or savings or FD or even insurance. I know this is not an insurance forum but that exist certain insurance format where it has cash values but downside is typically long term holding. But the guaranteed cash values and bonus locked on annually if there is can be withdrawn out in our later years in return for lower assured sum. Lastly, multiple streams of income is better than depend solely on stock dividends. For this I have UT, stocks, S$ Fixed Deposit, Foreign Currency Fixed Deposit (learning how to play), insurance, money market fund. ILP and structured deposit notes are OUT! Kindly inform me of other forms of play. All financial instrument play fall into short, mid and long term. As long as you diversify play among the three categories you should be quite ok in your later years I assume :) |
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Fairygal
Veteran |
12-Sep-2007 09:18
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I was bitten by penny stock last month as well. Paid my sch fees. And each time the penny stocks run up, you know, like some days, you get mostly penny stocks in top vol list, cheong and cheong, then followed by free fall, I just wonder how many people out there will be laughing to the bank, and on the other hand, those crying. |
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Manikamaniko.
Master |
12-Sep-2007 09:04
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Yes... And that is definitely not a made-up story... it is a real-life example... |
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paperless
Senior |
12-Sep-2007 08:51
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A person i known made lose of 450K+ last month, which wiped out his entire life efforts just in 1.5 months. |
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Fairygal
Veteran |
12-Sep-2007 08:44
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I think for Spurs' case, timing is an important issue here. Guess he got into it while the time was right. Getting your divvy generating or blue chips stocks at lower price makes a big difference. For now, the market is too volatile. Price for the blue chips has gone too high. From the end of last year until July this year, everything was so .....ermm...good in that sense, until the major correction came along. Then volatility sets in. Still, there is money to be made, be it up, down or sideway. To all you bosses out there, well, be kind, and be nice. |
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Manikamaniko.
Master |
12-Sep-2007 08:33
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The sad thing is even if some have saved that 300k, many of them would have lost a big chunk of it in the stock market...
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tanglinboy
Elite |
12-Sep-2007 06:56
Yells: "hello!" |
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Ah... this thread really makes me kind of sad. People in Singapore work so hard so that they can get promoted or get better pay or bonus. But all it takes is one nasty boss to spoil it all and we can lose our job anytime. And after working so hard for many years, people start to think about retirement and realise that it is not easy to save enough money for a comfortable retirement. Farmer mentioned S$300K.... I don't think many people in Singapore can save that amount. There are housing loans, car loans, medical expenses, insurance, children expenses etc... to pay. How to save until S$300K?? |
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TuaPekGong9413
Elite |
11-Sep-2007 22:37
Yells: "deity" |
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spurs...u remind me of some companies I work for....slough like cow,they think its normal...expect u to be like machines...work and work...as long as u r being paid...u derserve all the shit...not happy?get lost loh...thats wat their mentality...then when u decided to go,they will talk nice ask u to stay....sucks!!being yr own trader definitely got its own stress but to each its own...theres a big diff between punters and traders....need to know how to differentiate the 2 b4 one goes full time into trading.....juz my 2 cents thoughts |
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Farmer
Master |
11-Sep-2007 21:32
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There he goes again MLM..kind to elaborate more? My same question is : Can someone survive long term just by collective dividends from invested company? (consider that he hold say $300K worth of high dividend yield stock and his monthly expenditure is ~$1k) Please give your sincere advise as I'm thinking of retiring this way plus CPF and medical insurance of course. |
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Manikamaniko.
Master |
11-Sep-2007 21:31
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Spurs88 has got a very strong point there... :) |
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DnApeh
Master |
11-Sep-2007 21:28
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For passive income, i buy a type of life insurance that pays me 5% of the insured amount starting from ~15th aniversary till i die. For the 1st 15th yrs, i pay the insurance the same 5% yearly. Any time i die, my dependents get 10% of insured amount. Into my 10th yr this, si bei chuan!! |
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spurs88
Senior |
11-Sep-2007 21:25
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I think I must add that I am not living a luxurious lifestyle, but a comfortable one similar to if I have continued to work. One must be satisfied with what one has in order to be happy. Imagine the following scenario (which most of us are familiar with) : Boss : You must do this. Me : I think we must explore other options. Boss : You better get it done before end of week If things turn out well, Boss : See, I told you so. .........and boss moves on to claim credit If things did not turn out well Boss : You are useless. Simple thing like that also cannot do ...........and you will be made the scapegoat and written down in your year end appraisal. If I do day trading, nobody can take away my own credit if my decision turns out well. Similarly if I made a mistake, i have only myself to blame. So which do you think is less stressful. |
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