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    My Financial Diary
    My Financial Diary
    My Financial Diary
    Ebook67 pages29 minutes

    My Financial Diary

    By Thomas Lau

    ()

    Read preview

    About this ebook

    An easy-to-understand, no fuzz books on corporate finance that helps you to break the barrier of common stereotype.

    Big concept being filtered to cater to the mass. Breaking up the scientific principles into words understood by many.
    LanguageEnglish
    PublisherLulu.com
    Release dateNov 15, 2022
    ISBN9781387476794
    My Financial Diary
    Author

    Thomas Lau

    Thomas Lau, geboren 1967, lehrt als Privatdozent Geschichte der Neuzeit an der Universität Freiburg (CH). Schwerpunkte seiner Forschungen bilden die Geschichte des Nationalismus, die Sodomitenforschung , sowie die Sozial- und Verfassungsgeschichte des Alten Reiches.

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      Book preview

      My Financial Diary - Thomas Lau

      Introduction

      Congratulation on the purchase of this book.

      We will try to cover as much principles as possible and there are times that you might be

      stacked? Very unlikely, as this book provides a step-by-step guide to breeze you through

      the content.

      One important aspect that you need to know is that this book is for understanding purpose

      and

      not for professional use. Nevertheless, once you embarked or take the very first step, the

      battle is already half won. Enjoy learning and I hope the contents will help you in your

      latter learning stages.

      Chapter (1) Finding The Risk For A Property

      What is Risk?

      In the financial context whenever we talk about risk, we are talking about uncertainty. When a person is unsure or not confident about what will happen in the future, uncertainty creeps in. It is due to this feeling of uncertainty that companies are willing to give the person a peace of mind by issuing interest.

      Let us take Tammy, a typical Singaporean aunty who goes to NTUC to buy vegetables on a weekly basis for example. If the vegetables price rise and fall greatly every now and then, she will be worried right. Tammy might buy a Kang Kong for $0.50 this week and pay $2.50 for the same Kang Kong the week after. The price uncertainty makes buying a vegetable a tedious task. But thanks GOD the prices of vegetables is well controlled by the government as vegetables is a necessity for all.

      From the above, we can see Tammy is looking for some form of stability. When the vegetables price remains relatively constant with very few fluctuations, Tammy can buy in peace and in bulk. The feeling of uncertainty also gradually dissolved. Tammy might complain about the few cents increase week in and week out and still do her grocery shopping without much worries.

      Let us look at another example. We are all aware of the blue stocks’ companies in Singapore such as Singtel, ComfortDelGro etc. The main reason why they are blue stock or big cap (huge capital) companies is because the share prices fluctuate very little daily. These blue stock companies have very stable profits and do not move much at all thus people are willing to buy into it. Their past records and the stable earnings make people feel certain that the company is going to grow steadily. Similarly, when people see a company’s share prices that move and down vigorously, they will feel that this company is risky and might try to avoid it. Agreed? Yes.

      This brings us to one very important concept of finance and that is the risk-return tradeoff - The higher the risk,

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