The coming of August

Here's the significance of this month is multifold. But of course it's mainly financial.

The first being that I decided to go back onto the tedious but rewarding and informative process of noting my exact expenditure again. I abandoned this project quite a few months back. February to be exact, if I'm not wrong. I did it for a full 2 months and found I spend some 700 bucks each month. And about two to three hundred goes to food. Haha. So here's an experiment to see how true is it that one tends to spend less in varsity. And it'll help in planning my expenditure in future. Well, to be honest, it's not quite in my policy to budget and to stick to one. I rather expand my means.

The second event, as I've been mentioning countless times, is that I'm starting my varsity life proper. And this is truly and exciting new phase. I just realised, today, that there is an investment club in NUS. But the people at the booth, two of them, weren't quite that active in getting people to know about the club. Nevertheless, my conversation with the two gentlemen led me to a shocking discovery that one of them is a fund manager. He said he deals with Forex too. Well, I'll definitely be going for their seminars to learn about whatever they have to offer and to network with some people with similar interests. Wonder how many in NUS is interested in their financial future though.

The third is to give a booster-start to my Forex trading. I, still, am keeping in mind that I intend to go live in Forex trading coming January 2008. Clarence's course would tell me what to do, but finally I need to understand myself and what style I want to trade, and best trade, the market. Reading "Trading your way to Financial Freedom," I understand that the Holy Grail in trading is really an internal search to understand oneself and how one reacts to the market than a perfect system which would gain constant and unfailable rewards. It really mirrors Kiyosaki's comment that investments AREN'T risky, only investors are. So the challenge is not so much to get this perfect system that uses loads of indicators that proves, according to historical data, that one can gain from the market, but to discover how our emotions and mindset limit and make our trading riskier.

And of course it means we have to deal with some of the assumptions and false beliefs and psychological barriers that we, and especially, I, hold about trading and the markets we are involved in. And the discipline to withstand loses, that's one tough nut to crack. But it will become a source of victory in due time as I progress along this path.

The future's exciting and pregnant with countless possibilities.

May we all have a great time ahead!