Yearly Archives: 2015


Trading penny stocks can make you bankrupt! Story of KBIO

Penny stocks seem to be getting fashionable again. More and more people are trading penny stocks with the hope of getting rich quick. Whilst penny stocks can make you a lot of money in a short amount of time, there is also a huge risk of them making you bankrupt. No one likes the idea of losing all their money, especially if you risk Declaring Bankruptcy In Alberta or wherever you are. The idea of making lot of money in such a short space of time is very appealing to most of us, but in an industry like this, one mistake can be costly and we don’t all have money […]


Quick gains with Woodford Patient Capital Trust (WPCT) – Legal Frontrunning 2

When you are just starting out investing, there is a temptation to make quick gains. You want to boost your portfolio to a sizeable amount so that dividend collecting can be meaningful. For a person in my situation, taking these calculated quick gain ‘risks’ are worth it because I am still young and just starting out with my journey to be financially free. So if I had to lose money at this early stage, it would be an insignificant amount which I can always make up as time is on my side. One strategy I used to make quick gains was Frontrunning. Front running is buying or selling a stock […]


My first individual stock purchase: Zambeef (ZAM) 6

The best ideas come from local knowledge. This is one of the philosophies preached by Peter Lynch, one of the greatest investors of the modern era. My Lynch firmly believed that individual investors had advantages over professionals when it came to research, because unlike the latter, individuals had more freedom to act independently and explore the market without being tied down by outsiders such as committees, trustees and superiors. This flexibility, according to Peter Lynch, gives the small investor an edge as they have a better ability and potential of discovering profitable investments. Because individual investors are out there in the real world spending money and seeing consumer tastes change […]


First Funds Purchased – Active Investing 4

The question of whether to invest in low cost index funds or more actively managed funds is a long standing one. Proponents of low cost index funds such as John Bogle have provided evidence to show that in the majority of cases, low cost index funds do trump their more active counterparts. And I am not one to argue against all this evidence. So why am I investing in actively managed funds? Simple, not all actively managed funds are beaten by low cost index funds. A very select number of actively managed funds have outperformed an index over a considerable period of time. As with anything in the world of […]


First Foray Into Investing – low cost index funds 4

As a newbie to the world of investing, it is hard to know where to start. There is so much jargon and you are left with much more questions than answers. Should I stick to Passive Investing or Active investing? If I chose active investing, what strategy should I use? What is the best online platform to open a stocks and shares ISA with? So many questions. (Note: that all this happened before I penned my first post setting out my goals to achieve financial freedom). As this was my first foray into investing, I did not want to go straight in by purchasing individual stocks. I needed a helping […]


The beginnings: My story, goals and ambitions 17

The rat race. Most people want to escape it but it seems everyone is running in the opposite direction without realising it. Most people have been so consumed by cheap debt and consumerism that they are willing to work their entire lives, paycheck to paycheck, in order to fulfil their materialistic nature. Some people spend endless hours fretting about how they are going to pay off different debts on time. If only they knew how much easier debtconsolidation.co makes it to plan your repayment structure. Running with the crowd in this sense does not appeal to me as I do not want to work till I drop, I want to […]


How to retire in 13 years or less 1

13 seems to be an unlucky number for many but it could be the amount of years you need to reach financial independence and live comfortably. Whilst many dream of one day reaching retirement and having all that time to do what they want, you can make this dream a reality by following these 3 simple steps. Whilst the steps below are simply , they won’t be easy to constantly do over the next 13 years. But by following them, the end result will surely be worth it. It won’t be easy but it will surely be worth it. 1. Save at least 50% or more of your income If […]


The 3 Biggest expenses throughout your life

Expenses. We all dread them. But whilst we can’t totally eliminate them, we can surely minimise the, The first step in trying to cut your expenses is to figure out what they are. people have different expenses as they put value on different things in their life. But there are three expenses – which all people have in common – that are essentially going to cost you the most over your lifetime. Below are the 3 big expenses you will incur over your life time. Control these expenses and you can control your financial life. let these expenses spiral out of control and you may never be able to retire. […]


Determine your Tax Residency using Statuary Residency Test 1

Residency is an important concept in tax. This is because you pay tax depending on where you are resident (and domiciled) as seen by the post “ Should you pay Tax in the UK on your income?”. In short, If you are resident and domiciled in the UK, you pay tax on the arising basis . This means you will have to pay tax in the UK on any income earned throughout the world. If you are resident but not domiciled in the UK, you pay tax on the remittance basis. This means you will need to pay tax in the UK on any income earned in the UK and […]


Should you pay tax in the UK on your income? 1

As an individual, your tax liability in the UK depends on your residency and domicile status. Your residency is where you live permanently or on a long-term basis. For tax purposes, your residency is determined by the Statutory Residency Test. You can read all about the Residency test in an article I wrote here so that you can determine if you are resident for Tax purposes or not. Your domicile is normally your country of origin or where you were born. If you are resident and domiciled in the UK, you pay tax on the arising basis . This means you will have to pay tax in the UK on […]