Business and Money Tips

Now that we are into the third turbulent week of 2016, I predict that there will even more unbelievable things happening this year. My top 7 Predictions are: Oil price will continue to slump until it reaches US$20 a barrel. Many more companies that are related to oil will go bust. There could be short rebounds to US40 a barrel and this will just simply delay the bankruptcy process China will no longer become a threat to the world's economy or politics but instead a world worry. Everyone will see China as a victim, not victor After Nokia went down in history in 2012, Motorola's brand name will disappear by January 2016. Blackberry and one more mobile phone brand may also disappear The need for security will increase to an unprecedented level and a new 'dotcom' kind of boom will create millionaires overnight. More terrorism simply adds to this IS will be disbanded or become ineffective by December 2016. But a new terrorist group may loom Emerging economies w

Get your business read now, not later.  Because fortune favours the prepared, so said my fortune teller.  For those in business, remember that fortune goes to those whose business activities are aligned with the common good.  The 7 areas in your business as foretold by your fortune teller: Customers : You cannot rest on your laurels and assume that customers will come back, even though you have been serving them for decades.  Look at Microsoft: people don't use Windows phones even though they have been using Windows computers for 4 decades.  If only Microsoft can wow its customers and add more value every day , we will all be not using Apple and Android phones Vendors : Your suppliers are also your customers, so treat them well.   Treat your vendors better than your customers and you'll have non-stop business.  From the "Greatest Entrepreneur in the World" e-book Employees : The goal of all bosses is to find employees that will work for you for free .  Their pa

In this Chinese or Lunar New Year, many people like to know what is their fortune for this year. As what Sun Tzu said in The Art of War , if you know yourself and you know the environment, you are in no danger. Your Fortune in the Year of the Goat revealed in 5 areas: Money This year you will have chances to make more money than last year. However, you must be alert to take advantage of opportunities quickly or they will be gone. Furthermore, you must work hard, but not too hard or you will missed opportunities. Although this year (2015) inflation is low, you nevertheless must invest your hard earned savings into instruments that beat inflation, like REITs that offer quarterly dividends exceeding 6% per annum.   Lastly, you must know how to donate money, for the more give, the more you will have. Career and Business:  Things appear to be challenging in the short term, as the world economies are not looking rosy at least until the second half of the year. However, as long as th

How people think: if you have been having 3 boys in a row, you will think that your chance of a girl the next round will be high.  Truth is that the gender of your next child has nothing to do with the gender of the previous child.  This is because each sex has an equal probability independent of the last one .  The failure to recognize this is called ' Gambler's Fallacy ', which reflects how people make mistake in their decisions by mistaking that the past will predict the future . Anyone that try to foretell your fortune for 2014 will end up being wrong most of the time, simply because they base their prediction on the past. We all know the failures of companies like HTC, Nokia and Blackberry: they produce their products based on past demand and end up with excessive stocks. The truth is that everything that happen today is made up of many factors happening not just now, but in the past .   There is no one single factor that we can attribute to any success of fail