This write up is to give a better perspective on management of
personal finance and investment so that the intended learners have a
better ideas of the requirements of the learning commitment.
Many interested learners to the above tuition class start with the
idea of improving their financial situation. To do so, there are many
ways to go about it, and this internet tuition class on the necessary
knowledge and skills is just one of the many ways. Each person has his
own inclination and preference as what suits him or her best.
Hence without a good understanding or one's own learning needs, hasty
decision to pay the tuition fee and join the above class may not help
in one achieving the financial goals.
Improving financial situation is very much linked to financial
planning, We will start by talking about financial planning.
We will examine a few typical types of behaviors that show lack of
financial planning. Readers may be able to identify whether or not
they belong to one of these categories.
-
Recognize
the importance of adequate finance, but have no clue what really
is the quantum of the financial needs, now and into the future.
(Future is taken as the timeframe one says bye-bye to this world,
with the corresponding living scenarios of the loved ones.)
-
Have
the insecure idea that there is not enough money, Hence work very
hard for extra salary, promotion, business, or investment.
2.1
They may work very hard, but not smart. They stress and exhaust
themselves, end up sick or not effective in achieving the sense of
secured finance.
2.2
Without good knowledge and skills, they lose money in business or
investment, making their financial situation even worse..
2.3
They earn a lot of money, either through saving, business or
investment. But they make too much money, more than what they
need. By the time they say bye-bye to this earth, they have to
quickly give the excessive sum of money to charity in their names,
as they can't bring their fortune to the grave.
-
They
think and feel that they are financially OK. After all they are not
greedy. No need to make too much money. Until one day they get a
wake-up call, cashflow is negative due to many expenses not
planned.
A good financial planning should avoid all the above. Planning
means you make assumptions about your preferred future and examine the
deviation from today way of living. If there is gap, one should find
means to reduce the gap. If there is no gap, one should think of
innovative ideas how to make full use of the extra wealth
meaningfully.
Some interested learners may only need to work on a good financial
planning to find out the financial situation from now till future. In
this case, there is no need to join the tuition class (save the
tuition fee, which is on different subject of learning)
For the financial planning, a useful tool is the electronic
spreadsheet, where you create the variables that represent your
lifestyle and project to the future. You could email
me for a free copy of the Cashflow Template spreadsheet, but you
need to make some modification to suit your lifestyle and future
preference..
Either you pick up the knowledge and skills on the use of
spreadsheet (e.g Excel) by self learning in buying a book on
spreadsheet, or sign up a tuition class in your area (I do not give
tuition on spreadsheet, as it is commonly available. I only
concentrate on Technical Analysis tuition, which is not at all
common), get someone you feel comfortable to do the financial planning
for you. (You are welcome to get my service on this, without fee. Email
me).
Investment
There can be two good reasons or motivation for one who want to
learn more about investment, i.e. using the available money and park
on some investment instruments, with the view of larger positive
return after a period of time.
One reason is for those who have done the financial planning and see the gap
between current situation and the projected financial needs for
himself, herself or family.
Especially for employee or salary earner. one would like to learn
the appropriate knowledge and skills to enable their saving with
growth rate of higher and better return than the bank or fixed
deposit.
Or, there is another group of learners, with or without the
financial planning consideration, take it as a challenge to learn the
necessary knowledge and skills in using technical analysis (TA) to
intervene into the market at the right timing for a handsome gain. It
is like those who enjoy and to perfect their skills in music, golf or
conquer the highest mountain.
From my observations, most do not have the discipline in learning
and acquiring the skills in investment, they prefer me to manage their
investment accounts, i.e. to make money for them.
TA, what does it involve?
Technical Analysis is a branch of science to study the market
behavior, using graphs and mathematical models. (Note: we do not need
advanced maths, but secondary school level suffice) The aim is to be
able to make sound judgment to buy low and sell high for a handsome
profit.
At the same time, TA is not at all just mathematics, techniques,
but also psychology, emotion and discipline.
The internet tuition class emphases a lot on practice after giving
lessons on the theories and tools on TA.
It is hoped that the above clarification gives a better background
before you feel like signing up with the Internet
Tuition Class on Technical Analysis
End.
