KT Wealth

I sold ICBC - Industrial Commercial Bank of China (1398.HK) at HKD6.68 on Thursday, the day before Good Friday as it climbs up higher based on the charts. Take profit first due to the short term volatility. This will be my 3rd time trading ICBC - at a profit. A good counter to trade in HKSE. Still, I remain optimistic on Chinese state-owned banks, primarily the international expansion of ICBC pushing across boundaries. Maximize the growth trends. 10 years ago, I will not expect a Chinese ATM in Madrid or Milan. Now, it's different. I will buy in again should Mr. Market offers me at a better price. My next "buy" target is somewhat around HKD5.60 and below. We'll see.

In Singapore, we have systems to follow such as buying a train ticket, booking a movie ticket online etc. This goes the same as our personal lives. We have a basic system of survival - breakfast, lunch, dinner. In your personal financial aspect, do you know your system well at your fingertips? For example, where your monthly income goes to and where does it gets funnel out? A system to ensure that: (a) Account A is used for emergency funds (b) A % of your monthly take home pay goes to a savings account that is untouched? (c) Extra MSI (multiple streams of income) goes to account C for specific purposes (d) Dividends earned from shares channel back to ??? or kept for a reason? (e) Monthly fixed expenses are debited from a separate current account? (f) An account setup for big ticket items in the near future or for hobbies? (g) Capital gains from investment, royalties & others get directed back to ??? In other words, create a system for disciplined cash inflow, cash outflow, savings,...