4th MasterYourFinance.com Gathering
Moderators: alvin, learner, Dennis Ng
4th MasterYourFinance.com Gathering
Dennis's views on the financial markets have not changed since the last gathering in May 11. As such, you would find much of the content similar.
Financial crisis is here...
The next global financial crisis already started in Dennis' opinion. The US economy is largely supported by consumption (70%) and it is not possible for recovery if unemployment rate remains high (now is 9%). As long as the economy is weak, the Fed would print mone as it is the philosophy of Helicopter Ben (Ben Bernanke). They may not call it QE3, as people would have negative connotations to the term. Given the mounting debts of US government, it would be a rude awakening to debunk the myth that US government bonds are safe (when there is fear in the stock market, people will sell stocks and buy into US bonds as they deemed the latter as safe haven). In the past, US buys 50% of the government bonds while foreigners made up the other 50%. Now, the Fed buys 70% of the bonds and foreigners buy the other 30%. In the future, where the Fed stops printing money, who would buy the 70% of US government bonds?
due to US bonds crash...
When people realised that bonds are not safe, demand for bonds will fall. China and Japan are the biggest buyers of US bonds. China owns US$1.1 trillion worth of US bond and it is a third of her wealth. She is buying less to reduce exposure. Japan is focusing on rebuilding the country after the Earthquake and would have no money to buy the bonds. When demand for bonds decreases, price of bonds will go down. This would force the interest rate to go up. US will be forced to increase interest rate despite Bernanke's promise to keep rates low.
The worst fear is that the economy may go into stagflation (no economic growth and high inflation). Vietnam's inflation is currently at 23%! We have seen many social unrest in the Middle East and many government have toppled. We will see more of this as we enter stagflation.
and Europe would disintegrate...
In addition, the Euro zone is likely to disintegrate. Italy and Spain are likely to be the next candidates for default after Greece. They are the third and fourth largest economy in Europe respectively and would impact Europe significantly.
The world's 5 strongest currency would be CAD, AUD, SGD, RMB and CHF. CAD and AUD are backed by commodities while SGD, RMB and CHF have strong reserves.
Are you prepared?
It is not a bad news if you are prepared. Dennis does not put all his eggs in one basket. He believes in structuring his portfolio to withstand any circumstance. He has hard assets like gold, silver and properties which will do well in high inflationary environment. He also invested in UK Traded Endowment Policies which are capital guaranteed. He only allocated 30% of his wealth in stocks, and now he has pared down his stocks to 12% of his portfolio. He has 53% in cash and advise us to keep 50% in cash to pick up cheap stocks in the future (if history repeats, 2013 is likely to be the market bottom). As for the remaining 12% in stocks, he would sell everything when the downtrend has been confirmed. Currently, his portfolio looks something like this:
Cash - 53%
Gold - 2%
Silver - 7%
Land Banking - 6%
Property - 12%
UK Traded Endowment Policies - 8%
Stocks - 12%
Gold and silver still have prospect if the above scenarios happen. Given the average gold:silver ratio of 30, silver would worth $70 if gold is $2000. However, one should consider to exit if silver breaks below $34 and when gold goes below $1,500.
Greed and the change begins with you
Dennis sees the root cause of financial crisis is greed. It all started from subprime lending. The Fed printed money and kept interest rate too low for too long. Banks were flooded with money and they had to lend out to as many people as possible in order to get a good return on their money. When no one to lend to, they began to target people who are less credit worthy. They were willing to lend out 100% of the property value, just to allow these poor families to own a home. Goldman then packaged these subprime loans into mortgage-backed securities and sell them to clients. They get Moody's and S&P to give them AAA rating for better marketability. The unethical Goldmand was even accused to have shorted such securities while their clients bought them. The banks like Goldman did this out of greed.
Here are the videos that you can watch to understand more about the subprime crisis:
http://www.bigfatpurse.com/2011/04/the- ... -ferguson/
http://www.bigfatpurse.com/2011/04/the- ... the-world/
http://www.bigfatpurse.com/2011/05/the- ... e-of-risk/
http://www.bigfatpurse.com/2011/05/the- ... the-brink/
If the root cause is greed, then the only solution is self-less love. Give whatever u seek. If u want money, give money. And give willingly without expecting a return. Dennis had shared the formula for wealth which is
Wealth = number of ppl x value add - cost (x frequency)
The formula is about serving and none of its components is about selfishness.
It all begins with changing the man/woman in the mirror.
Financial crisis is here...
The next global financial crisis already started in Dennis' opinion. The US economy is largely supported by consumption (70%) and it is not possible for recovery if unemployment rate remains high (now is 9%). As long as the economy is weak, the Fed would print mone as it is the philosophy of Helicopter Ben (Ben Bernanke). They may not call it QE3, as people would have negative connotations to the term. Given the mounting debts of US government, it would be a rude awakening to debunk the myth that US government bonds are safe (when there is fear in the stock market, people will sell stocks and buy into US bonds as they deemed the latter as safe haven). In the past, US buys 50% of the government bonds while foreigners made up the other 50%. Now, the Fed buys 70% of the bonds and foreigners buy the other 30%. In the future, where the Fed stops printing money, who would buy the 70% of US government bonds?
due to US bonds crash...
When people realised that bonds are not safe, demand for bonds will fall. China and Japan are the biggest buyers of US bonds. China owns US$1.1 trillion worth of US bond and it is a third of her wealth. She is buying less to reduce exposure. Japan is focusing on rebuilding the country after the Earthquake and would have no money to buy the bonds. When demand for bonds decreases, price of bonds will go down. This would force the interest rate to go up. US will be forced to increase interest rate despite Bernanke's promise to keep rates low.
The worst fear is that the economy may go into stagflation (no economic growth and high inflation). Vietnam's inflation is currently at 23%! We have seen many social unrest in the Middle East and many government have toppled. We will see more of this as we enter stagflation.
and Europe would disintegrate...
In addition, the Euro zone is likely to disintegrate. Italy and Spain are likely to be the next candidates for default after Greece. They are the third and fourth largest economy in Europe respectively and would impact Europe significantly.
The world's 5 strongest currency would be CAD, AUD, SGD, RMB and CHF. CAD and AUD are backed by commodities while SGD, RMB and CHF have strong reserves.
Are you prepared?
It is not a bad news if you are prepared. Dennis does not put all his eggs in one basket. He believes in structuring his portfolio to withstand any circumstance. He has hard assets like gold, silver and properties which will do well in high inflationary environment. He also invested in UK Traded Endowment Policies which are capital guaranteed. He only allocated 30% of his wealth in stocks, and now he has pared down his stocks to 12% of his portfolio. He has 53% in cash and advise us to keep 50% in cash to pick up cheap stocks in the future (if history repeats, 2013 is likely to be the market bottom). As for the remaining 12% in stocks, he would sell everything when the downtrend has been confirmed. Currently, his portfolio looks something like this:
Cash - 53%
Gold - 2%
Silver - 7%
Land Banking - 6%
Property - 12%
UK Traded Endowment Policies - 8%
Stocks - 12%
Gold and silver still have prospect if the above scenarios happen. Given the average gold:silver ratio of 30, silver would worth $70 if gold is $2000. However, one should consider to exit if silver breaks below $34 and when gold goes below $1,500.
Greed and the change begins with you
Dennis sees the root cause of financial crisis is greed. It all started from subprime lending. The Fed printed money and kept interest rate too low for too long. Banks were flooded with money and they had to lend out to as many people as possible in order to get a good return on their money. When no one to lend to, they began to target people who are less credit worthy. They were willing to lend out 100% of the property value, just to allow these poor families to own a home. Goldman then packaged these subprime loans into mortgage-backed securities and sell them to clients. They get Moody's and S&P to give them AAA rating for better marketability. The unethical Goldmand was even accused to have shorted such securities while their clients bought them. The banks like Goldman did this out of greed.
Here are the videos that you can watch to understand more about the subprime crisis:
http://www.bigfatpurse.com/2011/04/the- ... -ferguson/
http://www.bigfatpurse.com/2011/04/the- ... the-world/
http://www.bigfatpurse.com/2011/05/the- ... e-of-risk/
http://www.bigfatpurse.com/2011/05/the- ... the-brink/
If the root cause is greed, then the only solution is self-less love. Give whatever u seek. If u want money, give money. And give willingly without expecting a return. Dennis had shared the formula for wealth which is
Wealth = number of ppl x value add - cost (x frequency)
The formula is about serving and none of its components is about selfishness.
It all begins with changing the man/woman in the mirror.
www.bigfatpurse.com - Living a Life of Abundance
Hi JIMMYKKL,JIMMYKKL wrote:thanks, alvin and nice meeting u in person tonight.
u are amazing n back to that old form. that's why i did not take note earlier.
anyway, old people now a bit forgetful n "lau huay" liao.
well done.
hope to see you posting more in the forum. Please try to. You have lots of life experience to share.
Miss your postings the last few months.
Yes, Alvin's speed of sharing tonight's session is amazing.
This forum is a very special place, filled with selfless people.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
These 2 clips sit in my mind -
http://www.youtube.com/watch?v=T_Og8K81 ... re=related
- You just need to believe and you will know the how!
http://www.youtube.com/watch?v=PivWY9wn5ps
If You Wanna Make The World A Better Place
(If You Wanna Make The World A Better Place)
Take A Look At Yourself, And Then Make A Change
– Start from the man in the mirror, be selfless with selfless love!
Thanks Dennis.
http://www.youtube.com/watch?v=T_Og8K81 ... re=related
- You just need to believe and you will know the how!
http://www.youtube.com/watch?v=PivWY9wn5ps
If You Wanna Make The World A Better Place
(If You Wanna Make The World A Better Place)
Take A Look At Yourself, And Then Make A Change
– Start from the man in the mirror, be selfless with selfless love!
Thanks Dennis.
Long time no see. I am not here to “angkat” (curry flavour) Dennis after his talk tonight but just to share a little what happened recently. I guess it was Universe that pull us together again despite my long absence. I was supposed to be away this week and about to book my flight when I saw the email from Jane and replied that night. In the past, I “very free one” and would almost replied immediately and sure secured seats with my son. This time round, my son is in the army and I was not so keen of going but then still decided to reply to kind of a catch up with Dennis. Just when I thought I was not given a seat and was about to book my ticket, I received an email that I was allocated a seat. Was actually felt like not going but still decided to postpone my flight to next week. Yesterday, Dennis suddenly SMS me to ask me which session I attending? I was thinking may be someone needed my seat and I was prepared to give it up but the next SMS he send me was “You are Investing Mentor” which was truly shocking to me.
My Disclaimer here was, not that I dare not to be one but I really don’t want to mis guide anybody especially we have so many “Got Substance” mentors around and I forsee I will be more busy in the near future and may be away for months regularly. My only 2 good students cum listeners are my sons. Afterall, I am not really successful in Stock Investing (unlike Dennis who grew his wealth through it). I was quite lucky with property though, many times and my life was full of up & down like a drama. In fact, I am more successful in most wrong doings and mistakes. So if there is a chance of sitting in, please don’t ask me anything pertaining to Stock Investing, Charts, Theories etc… Just take it that we are sharing 人生(life) , casual exchange and I will be more willing to part what I know to the younger ones from anythings under the sky, even vices.
This year after CNY, I chanced upon 八卦(hexagram) and 易经 (I-Ching) and was so surprised that this time I can really grasp it (unlike in the past) but still cannot understand fully and how to apply it. I spent a lot of time on youtube watching them and realised I-Ching was around more 7,000 years now and not related to any religion. It was a way to communicate with Nature (Universe) in the past by 伏羲(先天八卦) , then perfected by 周文王(后天八卦)and later proper documentated by 孔子( Confucius). Again around May I chanced upon this young lady teacher (almost 20 years younger than me) and decided to learn from her late June but she could only start a new class for me beginning August.
I stopped buying stocks so long until last November after Dennis last train talk and went in heavily on margin. Not too bad especially in July when I was still overseas and thinking to sell all if it go another 10-20% higher. My son got enlisted 2/8 and that week everything suddenly went red. I seek I-Ching advise and was told to hold on a bit longer as explained by my teacher. She also wrote a big word 信 (believe) for me to see and follow everyday but how to discard that old habit so soon especially still dunno “how deep her kung fu is” & we talking big amount here. By mid August, market was really pathetic and suddenly my overseas land also got into trouble and may loss 400k, plus also little worried whether my son can do it in the camp.
Finally, I decided to cut everythings and took that substantial loss (I am not blaming anybody here as it was fully my own decision to plunge in so big and accept that loser’s weeper thing but mentioned this again to cautious beginners it was not easy to come up with such decision like in 1994 & 2007 if I took action earlier, things won’t be that bad) My family is still my number one priority and I do not want my son to come home and I was in bad mood or cannot compose myself as I still have bigger thing to focus on. So the last 1 and half month was really a roller coaster ride for me. I began to be more pious and re align everything to just believe and act ( 心诚则灵 ) I started changing (like Dennis kept saying change that person in the mirror) Believe it or not, things just got better, I met more 贵人 (Noble people) and the property that I am selling now suddenly attract better price and overseas matter also solved and just need chip in little more which I just wired up 80k this afternoon. And after that, I was told will have many new things in the pipeline thus I decided once Singapore matters all resolved, I will have more time to travel and can spend longer time there to nurture new developments. Then I will do more charity and volunteer work as I move along if possible. The last 2 weeks or so, I suddenly felt that what I said or think seems to fall into places like what I said to friends, they seem to listen and agreed and thank me for it. I also tried talking to the ants in my house in Mandarin recently to hide themselves or move away as I always irritated by them and would “destroy” them and true enough I don’t see them last few days except a few (may be these few do not understand Mandarin) but it is working. So I can relate to what Dennis kept saying don’t ask him how but he just seems to know it.
One more story to “lor sor” since it is 2am now. I am sure many people had heard about it. 虚云法师 ( lived 120 years then passed away) was crossing a river one day with 2 junior monks. One lady seek junior monk help to carry her across the river. They rejected her and senior monk just carry her across and let her down and continue his journey. Junior monks puzzled and ask senior monk why he touch woman. HIS answer was he only saw a person need help and already put it down so why must they bring it up again. Same like Dennis said if u help, just help and move on. One more phrase by 南怀瑾 that I like and it go like this : 居士怕因果,因果怕和尚,和尚怕居士。
送人一斗米是恩人,送人一担米是仇人。帮朋友的忙,正在他困难中救济一下,他永远感激,但帮助太多了,他永不满足。一个人的失败,往往失败在最信任、最亲近的人身上。历史上这种例子很多。
恩生于害,害又生恩.。
I am not good in writing or tell story but tonight after attended Dennis gathering, decided to pen something again to share with everybodies hoping it will inspire you guy & gal out there. The world as Dennis mentioned is in a bad shape due to 共业 (Communal Wrong doings)
Thank you for your patience in reading and good night.
My Disclaimer here was, not that I dare not to be one but I really don’t want to mis guide anybody especially we have so many “Got Substance” mentors around and I forsee I will be more busy in the near future and may be away for months regularly. My only 2 good students cum listeners are my sons. Afterall, I am not really successful in Stock Investing (unlike Dennis who grew his wealth through it). I was quite lucky with property though, many times and my life was full of up & down like a drama. In fact, I am more successful in most wrong doings and mistakes. So if there is a chance of sitting in, please don’t ask me anything pertaining to Stock Investing, Charts, Theories etc… Just take it that we are sharing 人生(life) , casual exchange and I will be more willing to part what I know to the younger ones from anythings under the sky, even vices.
This year after CNY, I chanced upon 八卦(hexagram) and 易经 (I-Ching) and was so surprised that this time I can really grasp it (unlike in the past) but still cannot understand fully and how to apply it. I spent a lot of time on youtube watching them and realised I-Ching was around more 7,000 years now and not related to any religion. It was a way to communicate with Nature (Universe) in the past by 伏羲(先天八卦) , then perfected by 周文王(后天八卦)and later proper documentated by 孔子( Confucius). Again around May I chanced upon this young lady teacher (almost 20 years younger than me) and decided to learn from her late June but she could only start a new class for me beginning August.
I stopped buying stocks so long until last November after Dennis last train talk and went in heavily on margin. Not too bad especially in July when I was still overseas and thinking to sell all if it go another 10-20% higher. My son got enlisted 2/8 and that week everything suddenly went red. I seek I-Ching advise and was told to hold on a bit longer as explained by my teacher. She also wrote a big word 信 (believe) for me to see and follow everyday but how to discard that old habit so soon especially still dunno “how deep her kung fu is” & we talking big amount here. By mid August, market was really pathetic and suddenly my overseas land also got into trouble and may loss 400k, plus also little worried whether my son can do it in the camp.
Finally, I decided to cut everythings and took that substantial loss (I am not blaming anybody here as it was fully my own decision to plunge in so big and accept that loser’s weeper thing but mentioned this again to cautious beginners it was not easy to come up with such decision like in 1994 & 2007 if I took action earlier, things won’t be that bad) My family is still my number one priority and I do not want my son to come home and I was in bad mood or cannot compose myself as I still have bigger thing to focus on. So the last 1 and half month was really a roller coaster ride for me. I began to be more pious and re align everything to just believe and act ( 心诚则灵 ) I started changing (like Dennis kept saying change that person in the mirror) Believe it or not, things just got better, I met more 贵人 (Noble people) and the property that I am selling now suddenly attract better price and overseas matter also solved and just need chip in little more which I just wired up 80k this afternoon. And after that, I was told will have many new things in the pipeline thus I decided once Singapore matters all resolved, I will have more time to travel and can spend longer time there to nurture new developments. Then I will do more charity and volunteer work as I move along if possible. The last 2 weeks or so, I suddenly felt that what I said or think seems to fall into places like what I said to friends, they seem to listen and agreed and thank me for it. I also tried talking to the ants in my house in Mandarin recently to hide themselves or move away as I always irritated by them and would “destroy” them and true enough I don’t see them last few days except a few (may be these few do not understand Mandarin) but it is working. So I can relate to what Dennis kept saying don’t ask him how but he just seems to know it.
One more story to “lor sor” since it is 2am now. I am sure many people had heard about it. 虚云法师 ( lived 120 years then passed away) was crossing a river one day with 2 junior monks. One lady seek junior monk help to carry her across the river. They rejected her and senior monk just carry her across and let her down and continue his journey. Junior monks puzzled and ask senior monk why he touch woman. HIS answer was he only saw a person need help and already put it down so why must they bring it up again. Same like Dennis said if u help, just help and move on. One more phrase by 南怀瑾 that I like and it go like this : 居士怕因果,因果怕和尚,和尚怕居士。
送人一斗米是恩人,送人一担米是仇人。帮朋友的忙,正在他困难中救济一下,他永远感激,但帮助太多了,他永不满足。一个人的失败,往往失败在最信任、最亲近的人身上。历史上这种例子很多。
恩生于害,害又生恩.。
I am not good in writing or tell story but tonight after attended Dennis gathering, decided to pen something again to share with everybodies hoping it will inspire you guy & gal out there. The world as Dennis mentioned is in a bad shape due to 共业 (Communal Wrong doings)
Thank you for your patience in reading and good night.
----------------------------------------------
just sharing, not advising
just sharing, not advising
one more question to ask Dennis is currently your cash is 53% and it can go up more if you sell all your stocks.
how do you manage your cash, keep them in FD or just in bank accounts ? what if market really collapse like 2008, will banks be safe to park money with as Government also cannot guarantee much?
if i have >3 million in cash, other than TEP, what would you suggest i should do?
thanks.
how do you manage your cash, keep them in FD or just in bank accounts ? what if market really collapse like 2008, will banks be safe to park money with as Government also cannot guarantee much?
if i have >3 million in cash, other than TEP, what would you suggest i should do?
thanks.
----------------------------------------------
just sharing, not advising
just sharing, not advising
Hi JIMMYKKL,JIMMYKKL wrote:one more question to ask Dennis is currently your cash is 53% and it can go up more if you sell all your stocks.
how do you manage your cash, keep them in FD or just in bank accounts ? what if market really collapse like 2008, will banks be safe to park money with as Government also cannot guarantee much?
if i have >3 million in cash, other than TEP, what would you suggest i should do?
thanks.
I think Singapore banks would still be safe. Anyway, when banks collapse, they don't collapse overnight, they would started reporting huge losses. Lehman Brothers reported more than 1 year of increasing losses (profits reported quarterly) before it finally went down.
So my cash (about S$1.5 million now) is in bank saving accounts, NOT even Fixed Deposits, becos I don't really bother with less than 1% difference in interest rates.
If you are more conservative, you might want to have a higher portion of your cash into something with Capital Guarantee, eg. UK Traded Endowment, I only have small portion becos of my low maintenance lifestyle (my family needs about S$6,000 per month), plus the fact I'm aged 42 and still have at least 4 more Stock market cycles to benefit from. (provided the world goes through this Crisis instead of heading to doom).
I firmly believe human beings can turn things around, how? Simply by turning our Hearts from Selfish, Self Love to a 180 degree change to Selfless and Selfless Love...when I grasped this message more than 1 week back, my being (body not just body) was filled with Peacefulness and Happiness that I've never felt before, a feeling I cannot describe...
then suddenly it dawned on me why I was "awakened" to this Truth...the Universe brought me the message becos I'm a teacher and already have over 2,500 seminar graduates...the Universe wants me to first spread this message to ALL of you (my seminar graduates)...my only hindrance was how do I communicate the message, I'm NOT sure whether I can communicate it so that seminar graduates will "get it" just as I got it...
However, I reminded myself that "just believe" and "I don't need to know how, the How will be revealed"...
So on 19 Sep 2011, as I stepped on the stage at 8.55 pm to begin my talk, words just flow out of my mouth, (yes, without drafting a speech in advance or thinking how to say and what to say)...it's like what Bruce Lee said, "be one with yourself and universe"....and you'll kick when you need to kick, and if you need to move your fist by one inch, you move by one inch, nothing more, nothing less...
everything just happened...there are no accidents.
There are no accidents why we (all seminar graduates) and myself met, why you chose (yes, many didn't) to attend my seminars, why you attended Graduates Gathering Session and listened to me sharing things I have never shared or until 3 weeks ago, I would NOT be able to imagine myself sharing such a message...
So everything happens for a reason. So let's all switch to Selfless Love, think about how we can Serve More people, Increase our Value Add to people and increase the Frequency we serve people...you don't even have to think about the Reward, as it'll surely come...
the first Reward you will get (which I experience) is you will feel a sense of happiness and bliss...and that to me, is already a very substantial reward, becos what we really are going after, is NOT Material Things...material things can only give us very temporary and superficial happiness....trust me, I know, after I went to buy 1 luxury watch after another, Rolex, IWC then Patek Philippe...then I went to buy 2 luxury watches for my wife, each time when I did that, the "so-called" happiness only lasted a few days...
But everyday as I learn and share, the happiness I feel is continuous, it is never-ending, and the more I share, the more I learn, the more I learn, the more I can share....it just go on and on...
I give, I receive, I give, I receive, until I'm NOT sure whether am I giving more or am I receiving more? There is no way to count, there is no need to count, there is NO need to think about whether we are giving or receiving...but it just goes on and on...it is a very, very, very nice feeling, a Virtuous Cycle that go on and on...
I really urge all seminar graduates to spread this message (that we need to turn from Selfish and Self love to Selfless and Selfless Love) to your relatives, friends and colleagues...start by changing the person in the mirror. When that person in the mirror change, the World starts changing...
I am not sharing my theory, I am sharing Truth and I know this is the Truth. So just believe 100% and start practicing it, start living it...the world will start changing and we have hope to turn things around, the Financial Crisis, the Climate Crisis...really, this is the message I got, which is why I was awakened to this message, I feel total peace and happiness...
valen248 wrote:These 2 clips sit in my mind -
http://www.youtube.com/watch?v=T_Og8K81 ... re=related
- You just need to believe and you will know the how!
http://www.youtube.com/watch?v=PivWY9wn5ps
If You Wanna Make The World A Better Place
(If You Wanna Make The World A Better Place)
Take A Look At Yourself, And Then Make A Change
– Start from the man in the mirror, be selfless with selfless love!
Thanks Dennis.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Thanks, Dennis.
Yes, 共业就需共修来改变 . (sorry for those who dun understand Chinese, perhaps anyone who knows can help)
I am sure all or most of your graduates who benefitted from your sharing like to 回馈 but may have their own so call “reasons” that they are not ready. Normal. You had done what you had to do , like u used to say “the teacher will appear when the student is ready” , if it cannot be change, it cannot be changed. Rules of the game.
I am just as average and simple like u. One porridge & salted vege also can be one meal. My so call wealth can probably last me few lifetimes if current lifestyle is maintain but the real satisfaction is my children to be better than me (outshine me) Outshine not necessary must be rich, smart but just do better than what I did for them, dun repeat my mistakes, be a good citizen and nurture their families to become better than them and so on and so forth. 长江后浪推前浪,一代新人换旧人 .
begin from thy self, thy family, thy close one and Universe will take care the rest. I mention this again hoping to inspire the younger ones to act now just in case you still thinking you are young, not rich, cannot do anything, bla bla bla like what I thought when I was young but had time to commit many bad and wrong things.
DON’T WAIT. Just do it or at least try for few months and if no effects, still not late to back out. What is there to lose. I remembered Dr Chan once told us the tycoon here cannot be reach but tycoons in HK are different in they are more open to listen to any small fry if you can benefit them and ever ready to have lunch with you as eat alone also they still need to eat so why not eat with you and “dapat” (gain). I must emphasize here there’s nothing to do with religion. If u really understand what Bruce Lee said water takes its form in what contain it, then religion, no religion also all the same.
Throw away all those stereotype education and rigid mindset. Of course u can still stick to your own opinion as I am not here to change “people”. Borrow what Confucius said: 我们只对君子讲君子, 不需与小人讲君子.
Quote from 南怀瑾 :
((《易经》告诉我们的是什么道理?是一个变的原则。大家干万记住,宇宙间没有不变的事,没有不变的人,没有不变的东西。 而且天天在变,随时在变,随地在变,无一而不变, 也不可能不变。
学了《易经》,就知道变化的道理,以及变化的必然性。大体上说,我们普通人是随变化而走的, 一点都作不了主。
圣人呢?懂了这个法则,能领导变化,那也就是超人了。天地间的变化他了如指掌,下一步要怎么变,他都知道了。
譬如一盘食品,端出来是请大家吃的,你不吃它,过下子主人就收拾走了。你懂得去吃它,那就是你的智慧。吃与不吃看你的本事了。
所以我常常说,第一等人领导变化;第二等人呢?把握变化; 末等人呢?只有跟着变化走了。该变死,就跟着死,该活,就跟着活吧; 这是普通人。
所以,懂得《易经》就应该知道领导变,其次变是应变,最末等的人不必谈啦,跟着变化而走,与万物同化而已。
我们知道天地宇宙万物随时都在变化之中,但是这一切的变化也都有它的法则 - 在天成象,在地成形。 人与万物都是变化来的。道体变为有形 天体时,就有风云雷雨日月星辰等现象;在地球上就有山川动植等等万象的形状。
世界上最高深的学问,就是最平凡的;最平凡的才是最高深的。))
Thanks. Good Day.
Yes, 共业就需共修来改变 . (sorry for those who dun understand Chinese, perhaps anyone who knows can help)
I am sure all or most of your graduates who benefitted from your sharing like to 回馈 but may have their own so call “reasons” that they are not ready. Normal. You had done what you had to do , like u used to say “the teacher will appear when the student is ready” , if it cannot be change, it cannot be changed. Rules of the game.
I am just as average and simple like u. One porridge & salted vege also can be one meal. My so call wealth can probably last me few lifetimes if current lifestyle is maintain but the real satisfaction is my children to be better than me (outshine me) Outshine not necessary must be rich, smart but just do better than what I did for them, dun repeat my mistakes, be a good citizen and nurture their families to become better than them and so on and so forth. 长江后浪推前浪,一代新人换旧人 .
begin from thy self, thy family, thy close one and Universe will take care the rest. I mention this again hoping to inspire the younger ones to act now just in case you still thinking you are young, not rich, cannot do anything, bla bla bla like what I thought when I was young but had time to commit many bad and wrong things.
DON’T WAIT. Just do it or at least try for few months and if no effects, still not late to back out. What is there to lose. I remembered Dr Chan once told us the tycoon here cannot be reach but tycoons in HK are different in they are more open to listen to any small fry if you can benefit them and ever ready to have lunch with you as eat alone also they still need to eat so why not eat with you and “dapat” (gain). I must emphasize here there’s nothing to do with religion. If u really understand what Bruce Lee said water takes its form in what contain it, then religion, no religion also all the same.
Throw away all those stereotype education and rigid mindset. Of course u can still stick to your own opinion as I am not here to change “people”. Borrow what Confucius said: 我们只对君子讲君子, 不需与小人讲君子.
Quote from 南怀瑾 :
((《易经》告诉我们的是什么道理?是一个变的原则。大家干万记住,宇宙间没有不变的事,没有不变的人,没有不变的东西。 而且天天在变,随时在变,随地在变,无一而不变, 也不可能不变。
学了《易经》,就知道变化的道理,以及变化的必然性。大体上说,我们普通人是随变化而走的, 一点都作不了主。
圣人呢?懂了这个法则,能领导变化,那也就是超人了。天地间的变化他了如指掌,下一步要怎么变,他都知道了。
譬如一盘食品,端出来是请大家吃的,你不吃它,过下子主人就收拾走了。你懂得去吃它,那就是你的智慧。吃与不吃看你的本事了。
所以我常常说,第一等人领导变化;第二等人呢?把握变化; 末等人呢?只有跟着变化走了。该变死,就跟着死,该活,就跟着活吧; 这是普通人。
所以,懂得《易经》就应该知道领导变,其次变是应变,最末等的人不必谈啦,跟着变化而走,与万物同化而已。
我们知道天地宇宙万物随时都在变化之中,但是这一切的变化也都有它的法则 - 在天成象,在地成形。 人与万物都是变化来的。道体变为有形 天体时,就有风云雷雨日月星辰等现象;在地球上就有山川动植等等万象的形状。
世界上最高深的学问,就是最平凡的;最平凡的才是最高深的。))
Thanks. Good Day.
----------------------------------------------
just sharing, not advising
just sharing, not advising
易经 (I-Ching)
Dear Jimmykkl sifu,
I am very keen on learning this Book 易经 (I-Ching), please advise me which place or the teacher where I can learn from.
Many thanks for sharing your experience...
Best Regards
LH
I am very keen on learning this Book 易经 (I-Ching), please advise me which place or the teacher where I can learn from.
Many thanks for sharing your experience...
Best Regards
LH
pai seh lah, dun need call me sifu.
it is really not easy to understand though it is suppose to be very simple.
plenty books at popular & other bookstores, even online, youtubes....
u probably wud be like me thinking the conventional way of learning from beginning with basic like we learnt ABC from kindergarten.
but this young teacher told me throw away everything n just copy her notes n more like mentor me to feel it to help myself first.
if really want to refer u, i wud still suggest u read 南怀瑾 - 易经杂说 first and it also can be found online. http://www.shixiu.net/nanshi/zhuzuo/yjzs/index.shtml
cheers..
it is really not easy to understand though it is suppose to be very simple.
plenty books at popular & other bookstores, even online, youtubes....
u probably wud be like me thinking the conventional way of learning from beginning with basic like we learnt ABC from kindergarten.
but this young teacher told me throw away everything n just copy her notes n more like mentor me to feel it to help myself first.
if really want to refer u, i wud still suggest u read 南怀瑾 - 易经杂说 first and it also can be found online. http://www.shixiu.net/nanshi/zhuzuo/yjzs/index.shtml
cheers..
----------------------------------------------
just sharing, not advising
just sharing, not advising
Dennis Ng wrote:wow, saw this video. The Blanket is Everything.
We are all connected. Stop thinking of just you, me or others.
Guess who is espousing the Truth? Dustin Hoffman!
Everything you ever want or be, you already have and are.
ie. we are whole.
http://www.youtube.com/watch?v=GJd3T9lD ... e=youtu.be
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Hi Equilat,
wad i know there are many forums around and in English.
definitely there are books in English too but i prefer Chinese as i understand and think it should be more authentic.
my young teacher style is very modern & simple and she also conduct in English to few "jia kantan one". her notes is in English.
i somehow already read up too much & become a hindrance in coming back to her simple method of just cast a hexagram sincerely & interprete it using her notes. it may take many practices (trial & error) to slowlly come to a meeting with the Universe wad it is telling u.
cheers.
wad i know there are many forums around and in English.
definitely there are books in English too but i prefer Chinese as i understand and think it should be more authentic.
my young teacher style is very modern & simple and she also conduct in English to few "jia kantan one". her notes is in English.
i somehow already read up too much & become a hindrance in coming back to her simple method of just cast a hexagram sincerely & interprete it using her notes. it may take many practices (trial & error) to slowlly come to a meeting with the Universe wad it is telling u.
cheers.
----------------------------------------------
just sharing, not advising
just sharing, not advising
-
- Investing Mentor
- Posts: 137
- Joined: Fri Jul 23, 2010 11:48 pm
-
- Gold Forum Contributor
- Posts: 128
- Joined: Tue Jun 21, 2011 12:34 pm
- Location: Sengkang