Kamis, 30 Desember 2010

Self Development Idea (12) - Team and Grow Rich

-----8< ----- Article Cut & Paste from Scientific American MIND, Vol 17 No 3, June/July 2006 -----
Better Than Individuals
When three, four or five people gather to solve a problem, chances are they will succeed beyond the efforts of an equivalent number of individuals working separately, even if those soloists are the brightest available. So conclude researchers at the University of Illinois.


The investigators enrolled 760 of the school’s students to solve complex letter and word problems. Some toiled as individuals while others functioned in groups of two, three, four or fi ve. The groups of three, four and fi ve performed better than any set of individuals.


The dynamic is sensitive, however. Teams of two performed at the same level as two separate people, suggesting that this team size is too small to foster the dynamics that create optimal problem solving. Also interesting is that groups of three, four and five did equally well compared with one another; there was no advantage to adding people beyond a trio.


Study leader Patrick R. Laughlin says that in addition to tackling workplace challenges, problem-solving groups might enhance classroom learning. Further research is needed to determine whether student groups perform better than individuals do in academic settings and, if so, at what ages and tasks.
Mark Fischetti
--------------------------------------------------------------8< ------------------------------------------------------

Although the result of the above research is nothing new for those who had studied the books by Napoleon Hill, I think it is an excellent articles to illustrate the important point of teamwork.

Napoleon Hill called it the "Master Mind Group"- the power beyond science. In short he described that "The Master Mind effort is to get those of like mind, form an alliance with about 5-6 people as optimum number, to work actively in a spirit of perfect harmony towards accomplishing of a definite purpose."

In my view, this concept is now more valuable than any of the historical time. This is because the knowledge that need to achieve success in the modern society has become so complex that not only the depth, but also the breath of subjects are increasing rapidly which fuel by modern technology.

For example, in the past, a farmer, scientist, doctor, teacher, engineer or any person who have a full time job can concentrate in their work and entrust their life-time saving to the fund managers and banks that would be needed for retirement. But, in this dog-eat-dog era, with too many "Bad Apples" in the market, people has to worry about the ethical issues of their brokers/fund managers, bankruptcy of banks... And even with the possibility of bankruptcy of certain states or the whole country... or yet another round of financial turbulence that might wipe out their saving or loose their job!!! Think about it, what a joke (though not funny but a sad one) for the thousand years of evolution of human history.

Working harder on the job would not solve such problems. Think of it this way:- one would need to fill up a bucket of water as accumulating enough personal retirement fund. But, one cannot fill up a bucket if there are a few leaking holes on it. The more water one fill into it, the more it would leak out.

Anyway, here is a little suggestion... Individual can form team to handle their financial matters, and make sure that at least one person in the term have a compass to navigate through the turbulence market in the future.


"A dwarf standing on the shoulders of a giant
may see farther than a giant himself."
- Didacus Stella.


Here is a blog link for those who are not familiar with the term "Master Mind Group".

Selasa, 28 Desember 2010

Why Old Beliefs or Behaviors (Habits) are Hard to Change



The short video clip (1 min 20 sec, by Gerald Kein), above explains the reason why old beliefs or behaviors (Habits) are hard to change. And, it has deep implication on how our society behave as it is as today...

* The schools, religions, public media, together with the family members implants ideas and beliefs into the subconscious mind of child since he is borned. And, when the child has grown up, he tends to conform to the Rules of the Society.

Well, below is a short video that can provide the detoxification by only a couple of questions.... (by Jim Rohn).

"WHO said it could not be done? And what great victories has he

to his credit which qualify him to judge others accurately?"

- Napoleon Hill

Jumat, 17 Desember 2010

Season Greeting (1)

It was fun trying to learn some video editing skill...

Such as prepare a Season Greeting Video...



And other Stuffs... 



Thanks for visiting and have a nice Day.
KH Tang

Minggu, 14 November 2010

PEAK OIL:"Hello, World! I am here."

Below are two slides Cut & Paste from the "Association for the Study of Peak Oil and Gas" ASPO 2010 World Oil Conference.

The first slide shows that we have gone passed the first half of the Age of Oil as we know it...
Where in this first half of the Oil Age:
* Oil is located on-shore or near to shore,
* In vast reservoirs called giants and super-giants oil field,
* Mainly consist of Light & Sweet Crude Oil,
* Inexpensive to produce which cost around $1 to $10/barrel.
(These had become history)


Whereas in this second half of the oil age which are are now at...* Oil fields are far offshore or deep underground,* Scattered in hard to reach, yet small reservoirs,
* Mainly consist of Heavy and Sour Crude oil,
* Much more expensive to produce which cost $80 and more per barrel.

(This is what we are going to face)
Original Source of slide by Andre Angelantoni, Title: Where Are We Now?: <- The following slide is a Zoom-in of the chart to have a more detail view of current oil production scenario... It shows that there in not much spare oil production capacity in this world.


There are more presentation slides can be found in the following link. Which cover various aspects, such as Peak Oil Preparation and Investment topics, with over 30 presentations:->


For those who are first time to come across the topic of Peak Oil or not too familiar with it, the following is AN EXCELLENT 60 minutes video presentation by Congressman Roscoe Bartlett in the House in 2005. This important and valuable information had been overshadowed by few other major events, such as housing bubbles and Wall Street crisis... As these economy issues actually help to destroy oil demand to a certain extend and mitigate the oil price. But, the problem is still there, and it will re-surface with bigger trouble in these few years time frame... Possibly anytime now.

Part 1 of 7

Part 2 of 7, Part 3 of 7, Part 4 of 7, Part 5 of 7, Part 6 of 7, Part 7 of 7

…By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD. - Congressman Roscoe Bartlett at ASPO-USA World Oil Conference, 7 Oct 2010.
Link to Congressman Roscoe Bartlett Keynote Presentation Slides: <- Click Here


Below is a PowerPoint slide that introduce the peak oil concept to beginner. It has to be downloaded with PowerPoint format in order to see some of the animation...
A brief introduction to PEAK OIL.pps (<-: Download link from 4shared site)





Another Important Point is that...
None of the government in the world has formerly inform their citizens on this issue, and try to openly form organization figure out the solution. It is up to individual to share information (books, documentary, blog, etc) in the internet or self-organized group, such as ASPO to fan out the information... Example...



Data Speaks for itself:-> PDF Link <-
^Click on the Picture to ZOOM IN for better clarity:^


Oil Supply vs Stock Market in the History

Note: Since Money is a very flexible things nowadays, which means the printing of it can get very fast... and when the money flow into the Stock Market, it raise the index. So, it is not necessary that the market will go down... Only the future can tell.



Our World Governments Response to Peak Oil


Or they will have to give up the 2nd term, and
the following video is an good example.




"My father rode a camel. I drive a car.
My son flies a jet airplane.
His son will ride a camel."
- Saudi Saying


Note:
Many people think that Gold or Silver can preserve "Value"... That could be true during the process of change. And, ultimately, the world economy is fueled by energy.

As the Black Gold (oil) is now getting less and less, it would just cost more and more. Eventually, who has the power to control the oil supply, who dictates the rule of the game.


Relevant Article:
-> A Catch-22 Situation: Human Population On Earth <-


------------------------------------Added on Aug 2012--------------------------------

Here is an Alternative view about the Peak Oil... <-

------------------------------------ Added on Sep 2013 -------------------------------
One of the Best Presentation on the Subject on Peak Oil by  Matthew Simmons.








-> Comment <-

Jumat, 12 November 2010

World Current Affairs - Quantitative Easing


Cut and paste for 100th monkey effect.

-----------------------------------------------8<------------------------------------------------ -----------------------------------------------8<------------------------------------------------ -----------------------------------------------8<------------------------------------------------ -----------------------------------------------8<------------------------------------------------ Quantitative Easing Explained

-----------------------------------------------8<------------------------------------------------



Well, there is a slang: "You put lipstick on a pig, it's still a pig." So, purely by creatively naming "Printing Money" as "Quantitative Easing" or anything else he may think of, is still "Printing Money".




"If you can not convince people, make it
complicated and confuse them."

How Can a Forex Trading Club Help You?

Forex or FX Market is the largest financial market in the world, that trades the money of one nation with the other. While the financial institutes around the world hook together all kinds of buyers and sellers around the clock, the Foreign Exchange Market evaluate the different currencies of the world. The values keep on changing frequently in accordance with the direct as well indirect market forces like, political stability, economy and developments etc, which depend on the laws of demand and supply.

It is a trillion dollar market. And if you imagine to trade a fraction of that amount, the first query that strikes the mind, if I am not wrong, is that how can you go ahead with it when you have no knowledge on it.


Well, I have a simple answer. Let me introduce you with the Forex Trading Club.

The Forex can help you in the following ways:

1. Discovers secrets that distinguish the successful Forex from the rest.

2. Finds out how the Forex can change your small business into a big one.

3. With a lifetime membership you can get valuable guidelines and acquire knowledge from experienced Forex traders.

4. It is quite helpful for the new traders as well as those who wants to overcome the downfall in the business. Allowing you to tap this market without an advance accounting degree.

5. It also helps those traders who wants to maximize their profit through Forex.

Hence, keeping these advantages in mind, one can join the Forex Club so as to gain more knowledge and advices.

Happy Money Making !!!

Kamis, 11 November 2010

Basic ideas on Surety Bond

What is a Surety Bond?

Surety Bond is a contractual assurance, formed by a bonding company on behalf of a principal, of repaying a sum of money to an obligee, if in case the principal fails to repay the money due to the later.

A Surety Bond is an agreement among not less than three people:

1. the principal - the one who has to repay the money,
2. the obligee - the one who will receive the money
3. the surety - the one who assures the obligee that the borrower would perform the stipulated task.


Here the function of the surety is to agree to meet the due of the principal if the later fails keep the promise. It is a form of insurance, however, unlike insurance, it safeguards the obligee not the principal.

Surety Bond is required by whom?

Basically, the private industries, Municipalities and Government bodies requires the Surety Bond in order to make sure that the principal adheres to all laws, policies or contracts of the government. This is a measure to prevent fraudulent.

Who will issue the Surety Bond?

A Surety Bond Company will issue the surety bond. Perhaps, the company, necessarily has to be licensed and permitted by the department of insurance of the state you belong to.

How to find a good Surety Bond Company?

It is easy. You can check the surety bond company's rating with Ambest. A T-Listed Surety Bond Company signifies that the Surety Company Hold the Certificates of Authority as Acceptable Sureties for The Federal Government (Department Circular 570) (T-Listed).

Minggu, 07 November 2010

Stock Market Tools (9) - Point & Figure Chart with Relative Strength





Point & Figure Chart is an extremely old tool that use to trade the market. The oldest chart was found in a book "The Game in Wall Street, and How to Play it Successfully" written by "HOYLE" and first published in 1898. This tool is



very effective in aiming for longer term movement rather than day trading kind of hit and run tactic. So, it is particularly good for people who are having a full time job, and want to handle their own money in trading the market.






Fig. 1 The first form of Point & Figure Chart found in old book published in 1898.




Fig 2. P&F Chart on Commodity ETF (DBC) dated 6 Nov 2010(EOD).

Chart generated with Bull-Eye's Broker Software

Click on the Chart to Zoom In for clearer view. ^


Over time, with the aid of computer, Relative Strength Benchmarking feature is also added in the P&F Chart. The Chart (Fig 2.) shows the P&F diagram of the ETF- DBC, along with the Relative Strength against SPY and SGDUSD (Singapore Dollar vs US Dollar).

The first Relative Strength is to benchmark the S&P500. One should always remember to select a vehicle that is moving faster than the broad market index.

For the second Relative Strength, one can choose to benchmark a currency exchange rate. For example, a foreigner may like to buy some stocks or ETFs in the US market, but worry about the profits may be eroded by the weak USD against their home currency... By having this Relative Strength benchmark, one can make sure that he choose a vehicle that is moving faster than the change of currency exchange rate.


Many traders who know Technical Analysis may not know much about this tool or just ignore it. The main stream media, of course, do not publicize such tool that encourage patient which would lead to low trading frequency and hurt trading firms' commission.

On the other hand, this is a very straight forward tool that one can simply get a book on P&F and use the online free resources:-


-> Ebooks (Some are still under copyright).



------------------------------------------ Tea Break --------------------------------------------

Isaac Newton Loses A Big Fortune in the South Sea Bubble:

Even Sir Isaac Newton (4 Jan 1643 - 31 Mar 1727), the well known English physicist, mathematician, astronomer, natural philosopher, and theologian, got caught up in the South Sea mania and invested a big chunk of his fortune. Interestingly, he pulled out early (after making a respectable 7,000 pounds) then went back in after the bubble continued to inflate. The inevitable bust happened and he lost 20,000 pounds - a considerable sum at the time.

As a result of this crisis, he stated "I can calculate the motions of heavenly bodies, but not the madness of people".

Well. Recently, I heard of quite a few cases that some people due to what ever reasons, get out of their jobs in the corporation and just want to go trading for a living... Thinking that the success in one field can directly port over to the stock trading business within a short period of time. Such as buy a trading system, attend a class or just read a few books. This real story may help one to realize that success in one field or many fields such as a genius like Newton can fail in the Stock Market speculation miserably.

The objective of putting up this fact is not to deter anyone to get into the market, but rather to ask one to prepare seriously in advance. One should seriously consider study how the market works as a part of the retirement plan. Such as learning how a trading system works, how to test it, improve it, when to follow it and when not to follow it, forming a study group, etc... DON'T expect the insurance policies can help to cover the inflation (or if there is still any life insurance companies lift over after the baby boomers,1946-1964, had collected their shares.)

--------------------------------------------------------------------------------------------------


"Put Stock in Yourself, that is the only
one that will always go up!"
-Bashar
 
 
 
----- Point & Figure Programming Flow Chart, Inserted on 25 July 2013----------------------
 


Sabtu, 06 November 2010

Project Atlas Shrugged!? (1): WHO KILLED THE ELECTRIC CAR?


In this documentry, Who Killed the Electric Car?(2006)...

Link for Part 1 of 10 (<-Click here to get into You-tube to see the subsequent parts)





In 1996, electric cars (EV1) began to appear on roads all over Califonia. They were quiet and fast, produced no exhaust and ran without gasoline.... Ten years later (2005), these futuristic cars were completely gone, as they were called back and scraped into dust by their manufacturer(GM) , while they are still in good working condition...

In the last part of the movie, it questioned who was the "One" who killed these electic cars.

At that time, people tend to believe that the manufacturer, GM, was under pressured by the Big Oil Organizations to get rid of those energy efficient cars, so that it would not hurt their oil's profits.

At first, this logical thinking made good scense... BUT, later in Jun 2009 GM declared bankruptcy!!! Then, if one were to think it over again... It make no sense that GM would allow the oil companies to dictate their survival as a company and not using those electic cars, which may save their company as the world is crying for energy efficient cars...

So, if this is not the logical reason, then what is? Not only "WHO" killed the electric car, but also "WHY" Killed the electric car??? What is the INTENTION and MOTIVE???

For those who had read the book - "Atlas Shrugged" by Ayn Rand, it provides a very strong and possible reason.(see the footnote below)  That is to keep it for the future, after the world have come to a complete collapsed due to Peak Oil.
Why wait until then? Because, if anyone sell such futuristic product in the market for the Fiat Currency, competitors all over the world would buy them and duplicate with reverse-engineering!

One must learn not to cheat himself, by good will or intention, that the world is now in a completely peace and harmony way. This is definitely not the case among the super-power countries... And, not even within their own country.


Footnote:
In the book, Atlas Shrugged, a fictional character by the name of John Galt had invented revolutionary new motor powered by ambient static electricity, which means it can used for generating electicity with almost zero maintenance cost.  He scrapped the proto-type and hided in a secret valley.  Because that he do not think the world system was set up correctly in his perspective, and he do not want them to enjoy the benefit of the invention.

Not only that, Galt then secretly  persuaded the world's creative leaders, including inventors, artists and businessmen on by one to quit and disappear from their position and join him.  He organized them in an effort to "stop the motor of the world" and bring about the collapse of the society. 

At the end, these group of Elites, lead by John Galt, appear as the heros to rescue the world and implement the blue print in their mind - how the New World Order should be.


All of us have one the following choices:-

1. Having an Open Mind


or






2. Avoid Thinking




Jumat, 15 Oktober 2010

Book Recommendation: The Study of the Future



Attached are two pages from cut and paste fromthe Book: "The Study of the Future", which was published some 30 years ago... It is very much accurate in it predictions from the psychology perspectives. And many more other predictions ranging from personal, family and national perspective.

Here is the link for book for your free reading:-> The Study of the Future.
-------------------------------------------8<--------------------------------------------------
-------------------------------------------8<--------------------------------------------------

As you can see that there is a group (in fact there are groups) of very intelligent people trying to predict what would happen with any new technologies/products/policies implemented that change the people life-style... You will be amazed about the accuracy of the predictions if you were choose to scan through the book.

The question would be who own these group of people, another famous one would be "The Club of Rome"... What actions had these group of people taken? This is a very logical question as if you were to know something is going to happen in the future, what would you do to secure an advantage for yourself and your family?

As they would know the trouble that possibily cause by certain products, why not educate or warn the public in advance, for the negative side effect? But, if they were to do so, there would not have so much grow in GDP...

Anyway, form the prediction of this book, eventually the solution would likely to have a global government.... that help to manage the remaining resources on earth more effectively. Doesn't it sound like the New World Order stuff?

The purpose of this blog entry is to provide food for THOUGHT! Do we really know what lead us to where we are at this point? :-) While most people, today, main focus is busying in accumulating fiat money.



"The man who actually knows just what he wants in life
has already gone a long way toward attending it."
-Napoleon Hill

Selasa, 12 Oktober 2010

Personal Health: Know What Are We Taking






-----------------------------------------8<---------------------------------------------------
Coca-Cola began putting the “sugar substitute” aspartame in Diet Coke in 1982. According to the Department of Health and Human Services, aspartame accounts for over 75 percent of the adverse reactions to food additives reported to the FDA. Many of these reactions are very serious including seizures and death.
In 1999, the Independent on Sunday discovered that the maker of aspartame, Monsanto, uses genetically engineered bacteria to produce the “sweetener” at its U.S. production plants. Aspartame is made by combining phenylalanine, which is naturally produced by bacteria, with another amino acid. To make the bacteria produce more phenylalanine, Monsanto has genetically engineered them. “Increasingly, chemical companies are using genetically engineered bacteria in their manufacturing process without telling the public,” said Dr. Erik Millstone, of the Science Policy Research Unit at Sussex University, and a member of the National Food Alliance, told the newspaper.
-----------------------------------------8<---------------------------------------------------
Above is a cut & paste that found in the web:http://www.infowars.com/warning-to-glenn-beck-dont-drink-diet-coke/
There are many relevant articles on the side effect of Aspartame:

* Aspartame is, by far, the most dangerous substance on the market that is added to foods.






* Aspartame Kills (Excellent Video) (When you know that Aspartame was synthesized by fermenting protein in GENETICALLY MODIFIED E-COLI Bacteria, would you still consume it?)

* Aspartame: Sweet Misery, A Poisoned World. (A 90 minutes video documentary on Aspartame side effects.)

* And, much more when you google for "Aspartame"






Yet Aspartame is marketed as a is a low calorie sweetener that helps people to control their weight. http://www.aspartame.net/ ?!?

There is a saying... "You become what you think about all day long." As we also know that foods and drinks affect our health...

So, it is right to say that "You are what you eat and drink most of the time."


 

------------------------------------8<----------------------------------------
Picture added on 25 Aug 2012...

 



 --  Start to add news, pictures and links on Aspartamed Food and Drinks -- 2 Dec 2012 --
News:  The Aspartame-Cancer Link

List: List of Products Containing Aspartame (Briefly)

Pictures: Aspartamed products


Kamis, 30 September 2010

The Largest Intra-net in the World

According to Reuters, China internet population had hit 384 million in the beginning of this year.

On the other hand, China also has created a great-fire-wall that turns those internet users to become their intra-net users. There are many sites, such as face book, google blogs, scribd, amazon, etc... are not accessable in China.



Ironically, a philosopher in China about 2300 year ago, Zhuangzi 庄子 had told a fable that would apply to this current situation. - "The Frog in the Well."

In this fast moving era, call it information age, globalization, or what so ever. What ever things can change in 3 years now, in terms of scale, would require at least 30 years if it took place a century ago. Therefore, access to timely information is very important, and internet is one of the most valuable tool that one can use for doing research. Building a fire-wall to limit the access is like putting the people in the well...


(Comic pictures are cut & paste from the book by Tsai Chih Chung)









Selasa, 28 September 2010

Self Development Idea (11) - Why do we need to read lots of good books?

continue from Reading Good Books

I have once read an article about a corporation-coach, but do not remember his name. He claimed that he can accurately predict a person incomes and asset net worth for person in five years down the road if one just agrees to take a simple survey.

So, what kind of survey?

It is very simple…

1) Just list down the 5 best friends that one always gets together for leisure or work.

2) List down their individual income and asset net-worth then divide by 5.

And, that would be income and asset net-worth the one person will have in 5 years down the road.

Think about it, it makes sense! See...

* "Bird of a feather flock together"

* "Wise men think alike, and fools seldom differ"

* " 物以类聚"

I have also come across a story told by Steve Chen (陈安之) that once Jack Canfield (author of Chicken soup series) was having a motivation speech in the same event with Anthony Robbins. At the back stage, Jack was asking Anthony: “Well, we are both giving motivational speech to our audience. But, I am wondering, after so many years of working… I am still just a millionaire and you are a billionaire. What do you think I can get improve on that?”

Anthony then asking back with a question: “Who are you best friends, and what’s their average net worth?”

Jack: “Well, my best friends are mostly pretty successful businessmen or professionals in certain fields. They are all millionaires.”

Anthony: “See..., that’s the point. My friends are mostly billionaires.”

So, one may think that what’s the use of knowing these stories as he don’t think that he have a chance to get to know millionaire personally…

Well, here is the Point: When people get together, they share information, ideas, inspiration, etc. AND, one can get similar information, ideas, inspiration, etc. from Good Books which were written by successful people.

Similarly, our thoughts (which will become our action and bring us the results) could affect by other “Information” that feed into our brain, consciously or subconsciously. One must not only just pay attention on the books that he read, but also the audio/video from the environment.


back to Reading Good Books with a short list of good books.

"You cannot change your destination overnight,

but you can change your direction overnight."

- Jim Rohn

Sabtu, 25 September 2010

Know how to boost your credit score


At a time of financial turmoil when credit is hard to obtain, it is crucial to have your credit score in the best possible shape. There are numerous ways in which you can boost your score if you put in a little effort. It is a major deciding factor when you are trying to apply for loans or mortgages. Following are the few steps that will help you boost credit score fast.

1. Deleting errors from your credit report

This is the fastest possible way to boost your credit score. Credit bureau will send copies of credit report to you across mail if you request it. You must go through the credit report diligently. If you identify errors on your credit report, request the loan officer of the credit bureau to conduct a Rapid Rescore. Credit report errors can be easily removed by writing a simple dispute letter. Sending copies of the paperwork along with the dispute letter that proves the errors will make the credit bureau's task simple and you will obtain results faster.

2. Pay off Bills on Time

This is another most important way to boost credit score. Customers should make a habit of paying off bills on time. Late payment or overdue of the bills have adverse affect on the credit rating of an individual. It affects their payment history and eventually has negative impact on the amount of loan he wishes to borrow.

3. Don’t Pay Down All Your Debts

Your credit rating is an expression of how well you can manage your debt. Paying off all revolving debt at the same time leaves you with zero balance. Always pay off the urgent, oldest debt first and leave the balance to manage it well. This way you can maintain your credit score in a better position.

4. Don't Close Accounts

It will be easy to boost your credit score if you do not close all the existing account. It reflects a better financial position if your account is kept open for a long period of time with no negative reports. The ideal balance is suggested to be 30% of your overall credit limit by the credit experts.

5. Don’t Obtain New Credit

In order to boost your credit score you must be watchful about acquiring no new credit unless it is of utmost requirement. Your credit report undergoes an enquiry every time you ask for a new credit from moneylenders. This slightly drops your credit score. If you wish to obtain more credit other than housing, college or transportation expenses it is a good idea to ask for more credit limit on your existing credit cards rather than applying for a fresh credit.