NTU CRASH

Did my biz law test in the morning and i would say that it was manageable, even though i had no way of knowing how well i would do. Only thing left to do was to pray. Out of boredom, i crashed NTU after the test to find some of my buddies. It seems that all my best friends study in NTU. Managed to see like 7 of them in total. =) Their halls are really spacious and serene, except for some who are unfortunate enough to stay in the old halls. =x Let's just say the difference between the old and new halls are really drastic.

Best of all, i learnt how to play CASHFLOW today. Awesome and simple game. The most important takeaway is probably the values that the game aims to teach. Having learnt Dividends, Zeroes to Heroes and Cashflow, the last board game that seeks to promote financial literacy gonna be Acquire. Gonna learn it at the next Strategica session.

We all need constant reminders on the dangers faced on the route to financial freedom.

Here is one lesson.

http://wealthbuch.blogspot.com/2010/02/student-on-winning-stock-market-streak.html#more

Morals of the story: Never dabbles in contra trading and never compare trading simulation with real world trading. =)

Contra Trading

In Singapore, when you buy a stock, there is no requirement to put up a form of deposit with the brokerage firm. In fact, from the date of the transaction, you are given a grace period of 3 days, known as the contra period, in order to transfer the money to the brokerage firm. It is because of this contra period, that a loophole is formed. It was found that if you sold the stock that you bought before the contra period is up, the brokerage firm would offset the trades, and the net effect was that you will be paid any profits or losses you obtained from that 2 trades.

Source: Kampungtalk.net