Am I doing it right?

Much as I try to motivate myself with the statement:

There's no absolute right or wrong; just do what you think is right.

I can't help thinking sometimes if I'm indeed pushing myself on the right track. I don't want to go through the trouble to type a long history, so I shall just summarize in point form.


I have these goals lying in my head for quite a while:
Time-consuming goals
Childhood goal:  Start a tuition centre (taking 50% stake in a current centre)
Recent goal: Start a publishing house and publish truly useful educational materials for A levels (I must share my knowledge before I forget or before anything unfortunate happens to me)
New goal: iPhone and Android apps for education purposes (for free downloads to help students)


While I'm working my ass off on these goals, I need money to eat, I need money to invest in the materials to work towards the goal, etc. Yet, my current job is so damn low-paying.

So the question lies here.... should I search for a higher paying job while I work on my goals? Yet, will the new job be so busy that it does not allow me time nor energy to work on my goals?

Don't get me wrong, I like my job, I like what I do as sidelines. But I need to grow as well :x


It's truly a testing moment as I see my job salary remaining moderately stagnant (due to the company itself, a US MNC which isn't doing too well), while I see my friends and siblings getting higher and higher salary increments in government sectors. Yes, I might have achieved more than most my age at the moment due to extra income from tuition, but deep down, I know that isn't anything sustainable. My available time will slowly reduce, my energy will slowly wane...

It makes me wonder if working on my goals while staying stagnant in the job market is the correct move in comparison to climbing the career ladder. The cliche answer is: "only time will tell".... Yet it doesn't help in coming out with any solution.


Finished with lamenting, signing off back to working on my goals.

As Year 2011 comes to an end

In case you are wondering, I do know that year 2011 still has one more month to go. But I do think it is time to start reviewing and plan ahead for the next year.

This is the link to Goal 2013 which I had set myself in November last year.

Year 2011 was super busy because of the following goal:

4) Setting up a publishing company and publish my notes
I'm currently about 35% done with my first A level guidebook. With most of my students having finished A levels from my side, I will have lots more free time come end Nov and Dec. This is the time to power up and increase my authoring.

Target timeline: Book completion (Mar 2011), Publish (Apr 2011), Sales (May~Jun 2011)

Sad to say, this was not achieved at all. I'm only currently 75% done with the book due to my heavy involvement in tuition. Nevertheless, I do think I have spent an enormous amount of time on this book.

I have to say I respect people who managed to author good books. It was a rather daunting task. There were much more challenges than I had thought. Writing good notes isn't simply (like some guidebooks out in the market) just putting information and leave it as it is. This leaves students in the lurch, only able to memorize from the notes without deeper understanding. No, I want students who use my notes to truly benefit, to truly appreciate Physics. In fact, I have been giving snippets away for free here and there to students who truly need it, and who truly wanted to learn.

While I didn't achieve this goal at all, there was progress. Which means the goal setting was still useful. Moral of the story: Aim far, and even if you do not achieve your goal eventually, you are still one step nearer to it!

An errant forumer using momoeagle

Notice

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Latest Update: I have emailed the admin at ShareJunction.com, and he has banned momoeagle from posting in the forums there.
I thank the admin for such a speedy response in upholding the integrity of online sharing.
======================================================================

It has come to my attention that an errant forumer has been using my nickname, momoeagle, in ShareJunction. Please take note that momoeagle in ShareJunction is not me, nor do I share or believe in his analysis.


Apparently, this user has been masquerading with my username in InvestIdeas, and the admin at InvestIdeas has kindly deleted his account and I have registered under myself.

The reason for this post is that this particular user is bent on misleading others using my nickname.



Please take note that I do not support the counters that this clone recommends using that name, nor the "analysis" he wrote. There have been a number of people who asked me privately why I posted "this and that" on InvestIdeas. A real life friend, MusicWhiz, even sent a private message to the "momoeagle" at InvestIdeas.



There is no need for this clone to have any integrity in posting when it is under another person's established nickname, and I believe this defeats the purpose of true sharing among forum members in the investing community.

momoeagle is now my username in a number of stock forums, and no other:
1) ChannelNewsAsia
2) Valuebuddies
3) InvestIdeas
4) NextInsight
5) RMAO forum
6) HardWareZone
7) LowYat Stocks forum



This clone goes by a few nicknames and apparently has no support for his analysis and counters. Hence his current actions.



Meanwhile, I will be back to being busy in real life, i.e. setting up two businesses on top of my full-time job. No time or $$ for stocks, really.


Signing off.

Quick Thoughts on STI

Some quick thoughts:

1) History likes to repeat.

http://sg.finance.yahoo.com/q/ta?s=^STI&t=my

The 97 market crash resulted in a V-shaped rally which followed in a quick crash to bottom in 2003.
The 07 crash resulted in a V-shaped rally as well. The bottom may well be at 2013, probably near the STI 2000~2500 level if the percentage drop is similar.

2) Pivot point analysis
STI has pivots at certain numbers, and it has been pivoting around these numbers for the last few years.
The next three pivots to watch out is 2450, 2200 and 1950. Expecting around 2200 to 2450 when combined with part 1.

3) 61.8% fibonacci retracement level
61.8% is the golden ratio.
Based on market top at 3313 and bottom at 1455 (1678 difference), the 61.8% (1037 points) is around STI 2275.

4) The Feb of 1996
STI topped at 2504. Probably some support at this level.


Based on the 4 points, the probability of STI moving towards 2500 level is very high. That is at least another 200 points more to go down.


My 2 cents. I have not liquidated much of my positions yet.