Perfect TEN

There are still 4 days left. The record for playing basketball in one month is 11th times, which is set in April. I just need one play to tie the record. The record-breaking thing probably means nothing, but above all, I might have a chance to set a new record-take no migraine tablet in one month!

Simple introduction to "income trust"

Types of income trusts
There are three primary types of income trusts:
1.Real estate investment trusts
2.Royalty/energy trusts
3.Business trusts
The issue of economic efficiency of business trusts is controversial. On one hand, the distribution of income can force managers to exercise more discipline in investment decisions. On the other hand, the distribution can stunt the company's growth by preventing its expansion. If large numbers of growth-oriented businesses start converting to trusts purely for tax reasons, this could adversly impact the growth of the economy.

Investor risks
Income trusts are equity investments, not fixed income securities, and they share many of the risks inherent in stock ownership. Each trust has an operating risk based on its underlying business; the higher the yield, the higher the risk. They also have additional risk factors:
1.Lack of diversification
2.Potential sacrifice of growth
3.Lack of income guarantees
4.Exposure to regulatory changes
5.Exposure to interest rate risk
6.Liability
(Sources from Wikipedia)

"White chicks" ROCKS!

This movie is far better than I expected. Before watching this movie, I saw some of the bad reviews from critics. Hey, who cares....you can't expect a comedy to be decent and serious and give you a lot of meaningful thoughts(shitsss) to think about. I agree that this movie might be a little dumb and stupid, but most importantly, it's hilarious and sometimes clever and humanistic. And it combined all the elements to make you laugh and excited-that's all that matters!

So, DO NOT judge this flick from racial angle and compared it with big-budgeted hollywood films.

If you need a good mood and a good laugh, "white chicks" might be a right one for you!

A good lesson for investors: Canadian income-trust incident

Once again, we're aware that government indeed has a enormous power to shake the market. On Nov 1st (bloody Wed) financial ministry Flaherty suddenly announced a shocking policy that existing income trusts should pay taxed in the near future. And a lot of related securities drops more than 10% that day in Canada. What's more, my mutual fund(Paradigm fund) was hit hard, losing more that 11% in one single day. Until now, it has fell over 18% from the beginning of the incident.

The great thing is I've done my best for asset allocation, so the loss was only a small part of my portfolio. Most importantly, it might be a once-in-a-lifetime opportunity to cash in on that fund at bargain prices in order to cut some losses in the future.

Failure to launch

yeah...I like a day like this-having dinner and watching a lighthearted comedy at the same time. Three days in a row. After resting for an hour or so, I began to head to basketball field for exercise. It's great to have my energy back again!
By the way, this movie is interesting not because the main characters are funny, but because other costars help make the scenes more humorous. I did enjoy the whole process while watching this flick-that's something I need to take my mind off work for a while, just as I did in playing basketball.

Simple rules for financial independence

It's about time to pick up some thoughts from my daily reading. Well...it seems like a thousand years the last time I seriouly wrote anything on my blog. Part of the reasons are job change, and two-time job relocation, plus some personal family business. Thank god daddy is getting better quickly after leaving hospital.

Everything is back on track. But, still..life is busy as usual, even though I'm still busy watching some sports stuff. Anyway, today's topic-Simple rules for financial independent.

I just narrow down to only 4 simple rules: (MSCE)
1. Make money (through your skills on daily job, and steadily improve and elevate yourself to be really qualified for your job.)
2. Save money (cut, reduce or carefully control your unnecessary spending; most importanly, "never" make personal loans for the things you can't afford.)
3. Create money (through investing time and money to make your assets appreicate gradually. The key is to know and learn all kinds of tools to meet your financial goal.)
4. Enjoy money (Don't be the slave of your money, which means you should make good use of your money to improve the quality of your life and make it meaningful and worthful.)

To sum up...I think I'm pretty good at one of those rules (4), which all I need is to bear the other three in mind before it's too late.