Apple Company’s Most Expensive Fails

Despite how devoted you are to Apple and its products, your beloved company has its flaws. It is far from perfect! Even the most luxurious iPhone of all time has its decent share of criticism from its first buyers. Thus, this list will shed a light to its darkest paths.

1980: APPLE III

Imagine being instructed to lift and drop your computer about 6 inches to reset the chips that are coming out of the circuit board. It sounds ridiculous to perform this task at a time where Genius Bars exist. However, Apple III users were madly disappointed in the 80’s. You see, Apple III was plagued with hardware issues including faulty circuit boards and heating issues. The company had to recall every existing machine on the market (about 14,000 units). Then, the machine was re-marketed with new parts a year later.

1983: THE LISA

Every possible list of Apple flops will include “The Lisa”. Released in 1983, the Apple Lisa was known for being the first commercial computer to be sold with a graphical user interface and a mouse. The main drawback of this machine is its insane price-tag of US$9,995 (about S$13,700).

The steep price proved to be unreachable for many customers! It only sold 100,000 units before the model was discontinued. Furthermore, Apple released one of its most iconic products in 1984. This product is none other than the first Macintosh computer.

1993: MACINTOSH TV

The Macintosh TV was a failed product attempt that launched in 1993. On paper, combining a computer hardware with the experience of watching a television sounds like a great idea. However, they were not able to execute it well.

The Macintosh TV resembled a Macintosh LC 500 series computer with a TV tuner card. Users were able to hook it up to a cable line or an antenna. The major problem is: you cannot use the television while using the computer. As expected, Apple only sold 10,000 Macintosh TVs. The product was discontinued in three months time.

1993: NEWTON MESSAGEPAD

When your product gets mocked by a cartoon as popular as The Simpsons, you will realize what type of impact you evoke on your users. Take Apple’s Newton MessagePad as an example. The company’s take on the PDA was innovative, but it was pretty expensive. It retailed for S$700 (S$960) in 1993. Moreover, its handwriting recognition feature rarely works!

Image Credits: pixabay.com

When Steve Jobs returned in the late 90’s, he focused much of his energy on phones and tablets. You will see this pan out throughout the years.

Sources: 1 & 2

Read More...

Hottest Trends In Millennial Home Hunting

By year 2020, half of the global workforce will consist of Millennials. As they transcend to the top of the chain, it is important to know how they will spend their money on properties.

#1: IN WI-FI WE TRUST

Above all the hierarchy of needs, technology shines as a newcomer. It comes as no surprise that Millennials value convenience and connectedness. In fact, they are willing to pay more in order to secure their homes with smart technology. Smart technology includes electronic access, key-less locks, security cameras, voice-activated assistants, and so on. Having the ability to control your home from a smartphone is something that appeals to many buyers of this generation.

#2: HOME IS WHERE THE GREENS ARE

Eco-living has been trending nowadays as many people encourage zero waste. Vast majority of Millennials identify themselves as environmentally-conscious individuals who prefer to lead a sustainable lifestyle. This philosophy extends to their homes.

Image Credits: pixabay.com

For instance, they may opt to use Nippon Paint Odour-less or Nippon Paint Aqua Bodelac for its low volatile organic compounds (VOCs) content. VOCs are believed to cause many physical reactions to one’s body. Aside from this, they may opt for energy-efficient appliances.

#3: VERSATILITY IS KEY

Open interior layouts with less walls or partitions attract the Generation Y. You see, these open layouts allow them to socialize and to live freely. Moreover, they use one room in a variety of ways. The living room can double as a dining or a gaming room. They redecorate whenever possible.

#4: SIZE DOES NOT MATTER

When it comes to purchasing their nests, size does not matter for Millennials. Since they prioritize convenience over space, they are willing to sacrifice by living in small flats. They prefer locations closer to their offices or the public transportation modes.

#5: HERE FOR THE LONG RUN

People from Gen Y tend to purchase properties later in life. Flexible long-term payment schemes are seen as a safer option rather than paying upfront. You see, they want to live a life in their own terms.

Image Credits: pixabay.com

They do not want the responsibility to hinder them from pursuing their passions!

Sources: 1, 2, & 3

Read More...

Surefire Ways To Avoid Maximizing Your Credit Card

Though created differently, all credit cards have a limit. The credit limit dictates the maximum amount an issuer allows a borrower to spend on a single card. Ideally, your balance should fall below the limit. You see, maximizing your credit card can hinder you from making additional charges.

Employ these tips to ensure that you spend less than your credit card limit.

#1: TRACK YOUR SPENDING

It goes without saying that awareness of your spending habits will help you control your credit card usage. Monitor your billing statements by checking your balance in the bank’s online app or website. Staying on top of your spending will help you foresee any event leading up to going beyond your limit. Thus, you must adjust your expenses accordingly.

#2: CHECK YOUR BALANCE REGULARLY

Before making a purchase, check your available credit balance using your bank’s mobile app. If your credit card issuer does not have an online app, call the bank instead. You can find the contact details at the back of your plastic card.

Image Credits: pixabay.com

Doing so lets you determine whether you should postpone your purchase or to pursue the checkout counter on the spot.

#3: DO NOT INCREASE YOUR LIMIT RIGHT AWAY

Say that you have been constantly spending beyond your credit card limit. You may think that the logical step to take is to ask for a limit raise. However, asking for a limit raise within six months of receiving it can indicate that you are having financial difficulties. Issuers may be less willing to trust you with more credit.

Waiting for bank to automatically increase your credit limit is the best option. This way, you will be able to employ strategies dedicated to spending within your means.

#4: STICK TO THE THIRTY PERCENT

The easiest way to stay within your credit card limit is to provide a cushion. Keeping a cushion of about 30% of your actual credit card limit helps you avoid going overboard. For instance, Mary has a credit card limit of S$5,000. She must not swipe her card after hitting the S$3,500 mark.

Image Credits: pixabay.com

This threshold must apply to all of your credit cards and not just the banks you owe huge money too.

Sources: 1 & 2

Read More...

Must-Read: Important Investment Questions Answered

WHY IS RISK TOLERANCE A FACTOR TO INVESTMENT?

Determining your preferences is the initial step to investing. Under it is risk tolerance. Risk tolerance is basically how much you are willing to gamble in any event. It can impact how you shape your portfolio. You see, the pressing need to acquire the money can make you shift towards conservative investments.

If you are worried that you are missing out on a higher earning potential, then your investments may be too conservative. On the other hand, constantly fearing the condition of your investments can mean that you are carrying too much risks. This is why you must quantify your risk tolerance by taking quizzes.

As I entered the investment scene under a renowned international institution, I was given a risk tolerance questionnaire with 16 questions. It helped me to identify the appropriate asset classes that suited my mindset.

CAN YOU RISK IT ALL BY PICKING YOUR OWN STOCKS?

I have to admit that becoming the mastermind of your portfolio sounds attractive. However, picking your own stocks can potentially become a disaster for newbie investors. Studies have shown that choosing your own stocks is almost always a losing proposition even for the professional traders. The risk versus the rewards of owning stocks are simply not in your favor.

Image Credits: pixabay.com

Why is this so? For starters, you are more likely to incur trading fees when you trade more stocks. This will eat any money you would make. Accept that you do not own a crystal ball. You cannot perfectly select the stellar companies over the dull ones. So, seek professional help whenever possible.

WHAT IS A BOND?

Whenever I give a talk about financial indepence, I always get asked about the different asset classes. Bonds is among the common ones. A bond is a fixed income investment in which an issuer or investor loans money to an entity. Entities such as companies or governments borrow the funds for a definite period of time, involving an interest rate. These bonds are used by said entities to raise money or finance a variety of projects.

For instance, an airline might take up a bond loan from the government if wants to purchase a variety of new planes. This type of loan involves a specific period and fixed investment rate. Said rate is determined by a number of factors such as the economy’s climate.

If you are comfortable with getting less money in return, then you will benefit from investing on bonds. You may think that bonds are less risky than others. However, this statement is not entirely true. Bonds are usually less risky than stocks when you are comparing products from the same issuing company. Institutions that offer bonds include Singapore Government Securities and ABF Singapore Bond Fund.

WHY IS IT CRUCIAL TO BE DIVERSIFIED?

By definition, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk. Say that you invested all your money on one company. Your money will go down the drain when it goes bankrupt. Owning 2,000 shares from various companies can cushion the bankruptcy of two or more companies. It is essentially better to invest small pieces of wealth in multiple companies rather than investing it all in one.

Image Credits: pixabay.com

Simply put, diversification means that you will not put all your eggs in one investment basket. Being diversified applies to all the industries or asset classes that you will invest in. Try to invest a mix of stocks and bonds or a mix of industrial sectors. The broader your portfolio is, the more likely you are to weather a market storm.

Sources: 1 & 2

Read More...

Thrive In The Workplace With These Personality Traits

When applying for a position, professional success and industry experience are merely parts of what the hiring manager wants to see. Elements which are harder to show are crucial for landing the job! I am referring to the personality traits that make you a good fit for the company.

Keeping the job with these personality traits is another story!

#1: INTEGRITY

It goes without saying that upholding moral principles is a desirable quality in the workplace. Hence, some hiring managers conduct integrity tests by providing situational questions. The employer needs to know that you can be trusted even without his or her presence.

Do you steal company pens on a regular basis? Or, do you leave early without saying a word? You may think that no one sees these subtle dishonesty, but you are wrong. You never know who is watching you! You best behave well. Choosing the “right” thing to do is challenging, but you must not give in to your selfish desires.

#2: OPENNESS TO FEEDBACK

When it comes to the workplace, being open to receive developmental feedback or constructive criticism is crucial to success. Receiving these messages can help you to efficiently hit your career goals.

The secret to receiving and giving feedback is to come into the conversation from a place of kindness. Keep in mind that you are not receiving constructive criticism because the person dislikes you. Instead, this person wants you to be the best version of yourself. Taking things personally or reacting defensively can surpress a more practical strategy that you can adapt.

Image Credits: pixabay.com

For people who are not comfortable with receiving feedback, immersion therapy is recommended. Make feedback a part of your daily life. Ask feedback from the people you work with as well as the people who knows you best. This way, future feedback will be easier to take.

#3: ADAPTABILITY

Whether you are shuffling a schedule with your pregrant co-worker or relocating to a new town, nobody wants to listen to your complaints. Accepting that change is a part of the constantly-evolving business world is important.

Say that you are not comfortable with the frequent changes happening in your workplace. Instead of immediately voicing out your emotions, you may write these feelings down. Organizing your thoughts can help you distinguish whether these are legitimate concerns or annoying complaints. Urgent matters need to be discussed with the team.

Image Credits: pixabay.com

Nonetheless, flexibility is a desirable trait in every industry. Having a positive attitude about change and unforeseen events can help you grow in your career.

#4: DISCIPLINE

Discipline is the practice of training people to obey rules or a code of behavior. It is the action or inaction related to the code of ethics or the rules governing your company. Discipline is more than just ticking all the boxes of your to-do list. It is an attitude that can pour out to all of your professional decisions. An employee with a poor attitude will not go very far in life!

If you aim to be a boss one day, you need to develop self-discipline. Say that you cannot manage your own time. How can you expect your employees to manage theirs? Self-discipline in the workplace involves arriving on time and resisting the temptation of skipping “boring tasks” such as attending meetings or organizing files.

#5: KINDNESS

Work may be the place where you want to be kind, but being likable can get you far! Likable or pleasant people tend to have more employment opportunities as well as co-worker support. Pursuing your career goals while keeping the best interests of others in mind is ideal.

Image Credits: pixabay.com

Nasty people do not always finish first! You do not need to step on people’s ways to get ahead of the employee ladder. Focus on advancement while noticing the needs and feelings of those around you.

Sources: 1 & 2

Read More...