Chee Wit Dee

Investing

Hi everyone,

America!  U.S.A.!  One of the most dream Country by far for many foreigners around the world, I am one of them.  But you know what, when I got to Hollywood, Calif., I had to share our three bedrooms with the other 13 Thai students.  My brother rented three bedrooms with his best friends.  Some of the Thai students needed help, Because they were low on cash, their parents were late to send the money.  Money exchange was 25 Baht to 1 Dollar.  It was a lot money for Thai people to come up with.  Some of the other students were student drop-outs.  We called them ” Robin Hood “.  It was vey crowded in one three bed room apartment.  My brother took me and my best friend to the most famous Las Vegas.  It was one of  the dream places  for oriental people.  Oriental people love to gamble, I am one of them.  Well you probably think, how nice of my brother to take his younger brother and his best friend to Las Vegas.  He took money my parents giving me to come to America.  I got no choice but to let him do it.  In Chinese Culture, you are always respect to the elder.  My brother always rip me off all the time, even today he still do.  Let me tell you, we had a great time, but Las Vegas is not a place to make money or to invest your money.  It is one of the best entertainment in the world, if you have the money to spend.  My advise to you, if you don’t have money to spare, don’t go.  If you do  save enough money for vacationing then go, live your life.

There are many ways to invest your money.  I am not here to give you advise.  I do it on my own and I just want to share with you.  I love to hear your comments.  After I made some money, I deposited in my saving account.  It will give a little interest earning.  When I had a little bit more, I bought a 12 month CD.  After awhile I got a lot more money, I bought myself a Municipal Bond. Why I did that?  Because Municipal Bond interest earning is tax free.  When I had extra money, I invested in stock market.  I love stock market.  It give me excited when I see my money growing.  And the same time, it give me a sad feeling when the market go down.  I just bought myself a bank stock the other day.  You probably heard that Jim Cramer’s recommend to buy Bank Of America and Warren Buffett’s recommend to buy Well Fargo & Company.  Both stocks are good stocks to buy.  But I did my own reserch, I found Bank Of Ireland stock very good to invest.  I compared all three stocks, Bank Of Ireland have a high upside.

Wells Fargo & Company (WFC $24.08),  52 wk. range $7.80-44.75,  Div.yield 0.80%

Bank Of America (BAC $ 10.91),  52 wk. range $2.53-39.50,  Div.yield 0.40%

Bank Of Ireland (IRE $8.54), 52 wk. range $ 0.66-53.30, Div.yield 53.70%

Also Bank of Ireland (IRE $8.54) upgraded by Deutshe from Hold to Buy.  That is why I decided to buy this stock.

Well I wrote quite a bit today.  I see you later.

Mana

Making Money

Hi everyone,

When I was little, my dad took us to have Dim Sum a lot of time. Dim Sum is Chinese dumplings and serves in Chinese restaurant. Not every Chinese restaurant serves Dim Sum. You can find Dim Sum in big city like Dallas, Los Angeles, New York, etc. My dad wanted his family to spend time together, ate Dim Sum and drank Chinese tea ( Yum Cha ). ” Family closeness is very important” my dad said. Dim Sum is not expensive if you have just a few baskets.  But when you feed the whole family, it will add up. My dad is a big spender when it is about making family happy. He said that you have to live your life but make sure you do save some money for the future. From what my dad ‘s teaching, I come up with this philosophy:- 1. to make money.  2. to save money for the future.  3. to invest.  4. to enjoy your life.  5. to help family or other people. How do you make money? In this Country, there are so many ways to do it, if only you set your mind and go after it. When my son was 8 yrs. old, I bought a camera to take his soccer games. I decided to take pictures for his soccer team. After that I took a lot of soccer teams almost the whole league.  Then I decided to contact the little league baseball in town for team picture taking. I took a lot of baseball teams. Soon after that I started to do wedding pictures. In one summer, I made enough money to take my wife, my son and my daughter to go on vacation in Thailand and Singapore for three weeks. That is one of my money making in the past.

When I first got to Hollywood, California, I got a job at Century Plaza Hotel. This hotel is five stars hotel, a lot of celebrities and movie stars stayed there. President Nixon held Welcome Home Party for Apollo 11 Astronauts (first landing on the moon). This hotel has cafeteria to serve all employees. They can eat anything they want to for free, as long as they wear uniforms. They really take good care of their staffs. This job was perfect for me to make money and also to save money. I didn’t have to spend money for meal so I could save more. There are so many restaurants that feed their employees for free especially oriental restaurants. Most of the restaurants charge 50% for employee meal. It doesn’t matter, it will help you save and make money.  I hope that my past experience give you some idea to make some money. I have more story to tell you how I made money later on. My next post subject will be investing.

Goodbye for now,

Mana