Growing your Tree of Prosperity is an introductory investment guide written specifically for Singaporeans who wish to take their first step towards financial independence.
Wednesday, January 24, 2024
How would you design your life if you are young again?
Saturday, January 20, 2024
What about the JC Experience?
Thursday, January 18, 2024
Personal update on my eye health
After waiting for a few weeks, I was able to get treated by a government doctor at TTSH, and my previous update on my health has predicted totally different suggestions on what I should do next.
To recap, I panicked when I discovered that I was seeing double and took some urgent steps to get treated in the private sector. I spent a ridiculous amount of money to see three different ophthalmologists. Out of $3,000, about $1,700 was spent on an MRI; the only outcome was that I could get poorly made prism lenses to mitigate the issue.
The suggestion from the private doctor was to get me into a hospital for three days and get an intravenous injection of steroids into my body. But this will be expensive as I steroids can interfere with my diabetic control and there's a possibility that I have to repeat this regularly if there is no improvement of my situation. I playfully suggested that my budget was only $50,000 as I do not have private insurance, and it seemed this option would blow my budget quickly.
I consulted some doctor pals, and I was told that outpatient options are available, and this was likely suggested so that most clients with integrated shield plans would end up getting insurance companies to overpay for extra checks. In fact, a promising new drug called Rituximab exists that can help with my eye disease and would not wreak havoc with my blood sugar control.
With $3,000 down the hole, I was not about to just submit one suggestion from a private doctor, so I booked an appointment with TTSH to see whether I could get a second opinion.
As I have guessed, once the incentives change, the treatment takes a 180-degree turn!
The government doctor considered my case extremely mild and gave me new lenses, fitted professionally after a lengthy process, which improved my eyesight dramatically from my previous lenses from the private sector. He instructed me to observe symptoms if they worsened but suggested no medical intervention. I would have gotten all this for just $275. My only disappointment was that the doctor still needed to attend a conference on Rituximab but promised that I would be considered if a trial was conducted locally.
In the end, I had to pick the option that was gentler for my wallet. Informally, the doctor told me I could do some eye exercises, so I started doing them to see whether they could speed up my recovery.
I do have a third option in reserve. I have two specialists in Malaysia I can contact to see whether I can get some out-of-the-box ideas, but this involves travel and risk. The idea that I can talk some Malaysian doctor into administering Rituximab is really tempting, but what if I get into trouble and need to enter A&E in a local hospital?
Anyway, I'm writing to warn of two extreme suggestions for treating my problem. One is to blow a large wad of cash, get myself hospitalized and take something that affects my blood sugar control with the odds of doing this again if nothing happens. The other option is to just let my eyes heal naturally.
I wonder if both doctors can be correct.
Government facilities and staff to fit prism lenses to patients are vastly superior to what I experienced in the private sector. I even have evidence as to how badly cut my lenses were.
( Just don't ask privately for me to share the identities of the private clinics. )
That may be why Benz Hui commented that HK doctors are terrified of Singaporean patients because they tend to do a lot of research before seeing them.
If you look at my situation, what other alternatives do I have?
Tuesday, January 09, 2024
Next ERM/AWP Community Webinar will be on 17 January 2024
I've not conducted a Community Webinar as I've been busy fighting off ailments and stabilising my side gig teaching law subjects in an institution. After prepping a battery of courses, including a cybersecurity module for legal executives, updating my usual investment materials, and debugging my code to provide investment advice, I'm ready to conduct a seminar for alumni and public members.
The next Community Seminar for the Early Retirement Masterclass and All-Weather Portfolio will occur at 7.30pm on 17th January 2024.
I will be speaking on the following topics:
a) Invest like a Gambler
In this theoretical segment, I will discuss how we can use techniques gamblers employ to break casinos to assist us in asset allocation.
b) Introduction to Quants Cafe
We will walk through a new portal built by Evan Koh of the Stocks Cafe fame that performs screening and back-testing. This will be featured increasingly in our programs that already include Stocks Cafe and Pyinvesting.
c) ERM Portfolio review of 2023 results and outlook.
d) AWP Portfolio review of 2023 results and outlook.
e) How to sign up for a refresher course for alumni.
You can click here to register for the event:
https://us02web.zoom.us/webinar/register/WN_BfZ7hMy8R9KK1SN6b7gv7A
Thursday, January 04, 2024
Seedly Personal Finance Festival 2024
Get your ticket at https://bit.ly/PFF2024Speakers and enjoy an additional 20% off the early bird price with promo code: <20OFFDRWEALTH>