Productivity tips: Keep a notebook for all ideas and delegate extensively

Time is a crucial asset that you cannot regain once you’ve lost it

Say “no” to requests that don’t move you forward. Steve Jobs himself declared “Focusing is about saying no.” So don’t be afraid to be ruthless when it comes to tasks that aren’t relevant to your goals.

Nobody can be the best at absolutely everything. We all have strengths and weaknesses, so put your time into the things that you’re good at. The Pareto principle tells us that 80 percent of our results stem from only 20 percent of our actions. So, find that 20 percent that you’re brilliant at, and give it all your attention!

Delegate what can be delegated and work on the rest in a planned manner

Delegation begins with a few questions that require an honest response. How valuable is your task? Are you the only one that could do it well? If not, how could you make the process faster? If you have a task on your hands that isn’t urgent or is something you can’t do so well, it’s time to delegate.

The first of these may come as a surprise: stop using to-do lists. Think about it – half the items tend to stay incomplete, which leaves you with a daunting list of errands and nothing more than extra stress.

Meetings should be reduced to those that are absolutely crucial.

A notebook and a healthy rhythm are two simple but vital tools for your productivity

Paper notebooks are one of the most valuable tools for anyone aspiring to organizational excellence.

A notebook gives you a place to jot down advice, ideas, questions and conversations that come your way. This is a vital process that allows you to make and maintain plans.

Another strategy to keep your energy levels stable is starting the day right. Morning routines that make room for “me-time” can lift your productivity from the outset.

Billionaires often stress the obstacles that meetings pose to focus and workflow, and recommend limiting meetings to a bare minimum. The athletes, on the other hand, emphasize the importance of scheduling.

Rigid routine, particularly in the morning, is a popular strategy to combat an overloaded schedule. Many entrepreneurs considered multitasking as something to avoid, as it simply isn’t effective.

Stop getting cheated - Trading Courses

Trading is active work. It requires you to inspect the stock based on technical or fundamental analysis. Investing should be passive in nature, allow the stock to work when you are resting.

I understand it is tough to read through thousand words essays for trading nuggets. Here are some that I thought you might be interested to read.

Don’t act on impulse. Act based on a system.

From a period of dullness and inactivity, watch for and prepare to follow a move in the direction in which volume increases.

Primary Rule: Limit losses and ride profits, irrespective of all other rules.

Minimize the size of your position when market position is not certain.

Seldom take a position in the direction of an immediately preceding three-day move. Wait for a one-day reversal. This is known as swing trading.

When you take a position, feel free to use price orders. In closing a position, use market orders.

A move followed by a sideways range often precedes another move of almost equal extent in the same direction as the original move. Generally, when the second move from the sideways range has run its course, a counter move approaching the sideways range may be expected.

Watch for volume climax, especially after a long move. After volume spike, it’s time to go.

Enter a position when it breaks out of a base with significant volume.

Exit the position after the stock loses the initial volume for more than 10 days, or exit the next day after a long bearish bar with good volume.

In this channel, I aim to share trading tips for free. There are just too many fraudulent courses that charge thousands of dollars for simple public knowledge that can be attained by just reading books. I’m giving the public a free option, hoping that they can stop paying for useless materials, data, platforms and courses.

I would also like to urge the public to invest in passive funds.

We frequently see reports of how actively managed funds continue to underperform their market benchmarks. In fact, Financial Times have published many articles showing this. 9 out of 10 active funds under perform benchmark. In another report, FT shares 86% of active equity funds under perform.

This is an important conclusion. If we know that most actively managed funds do not beat the market, you should invest in the market cheaply. After all, passively managed funds have the lowest costs and now, the highest returns over time.

There is a book I would like to introduce to you. John Bogle, the founder of Vanguard wrote a few books and this is one of them that will help your investment mentality. I have some simple fund selection rules that will help you.

Investing is not trading

Trading is active work. It requires you to inspect the stock based on technical or fundamental analysis. Investing should be passive in nature, allow the stock to work when you are resting.

We frequently see reports of how actively managed funds continue to under perform their market benchmarks. In fact, Financial Times have published many articles showing this. 9 out of 10 active funds under perform benchmark. In another report, FT shares 86% of active equity funds under perform.

This is an important conclusion. If we know that most actively managed funds do not beat the market, you should invest in the market cheaply. After all, passively managed funds have the lowest costs and now, the highest returns over time.

There is a book I would like to introduce to you. John Bogle, the founder of Vanguard wrote a few books and this is one of them that will help your investment mentality. I have some simple fund selection rules that will help you.

• Select lowest cost passive funds. ETFs are usually good choices. But there are risks. So make sure you buy cash based ETFs
• Broad diversification — the more diversified you are, the better you have managed your risk. I urge you to read some of these well published articles and the short book written by John Bogle.

The next decade in 2020

Data management is the new skill set

Data is the new raw material. Left untreated, data is useless. Today, we can process data using big data technologies like Spark and Hadoop. These are the new skills of 2020. Data can be used to create new industries and disrupt existing ones.

Data and Cloud will take many jobs away

Cloud computer has enabled robots to replace manual labor. Robots can learn from stored experiences. Humans must learn by themselves. Robots do not. Experience can be uploaded.

A study by University of Oxford found that 47 percent of all US jobs are at great risk of being done by robots in the next two decades. Within 2 – 3 years, Uber vehicles will be driverless.

Robots can service more people at lower prices and can work all the time. Humans are expensive to hire, fall sick and sometimes cheap. Savings from implementing robots will likely go to MNCs that make them. Government must step in and redistribution income.

You will live longer

Cancer is the result of mutated DNA, which malfunctions, failing to stop the growth of unhealthy cells. A new blood sample test known as a liquid biopsy lets technicians identify even the smallest pieces of cancer DNA in a blood sample. This makes it possible to discover a tumor that’s 1 percent the size of those an MRI can find.

This means more cases can be detected at stage 1 cancer. Ovarian cancers have a 95-percent cure rate when in stage 1. Present technology tends to detect such cancers at stage 3 or 4, when chances of curing the patient are just 5 percent.

Mobile penetration has increased by so much. For example, Kenya’s mobile penetration rate during the first quarter of the 2015-16 financial year has hit 88%, with 37.8million subscribers making use of mobile services. In Indonesia it is estimated that the smart phone penetration rate will reach about 43,2% by 2017, whereas in Sub-Saharan Africa the penetration rate reached 44% in 2015, with 386million unique subscribers and SIM connections. It is estimated that the rate will reach about 49% by 2020. In Latin America, examples of poor or small countries such as Haiti, Venezuela and Honduras, have coverage levels of 75% or less. Cuba has no mobile broadband coverage at all.

Across the developing world, the number of people who are able to access the internet through mobile phones reached 2.5 billion in 2015, which is a significant growth compared to 870 million users in 2010. The mobile internet penetration has reached 40% of the population over developing countries, showing threefold increase for the period of 2010-2015. It is expected that until 2020, an additional number of 1.3 billion people in the developing world will be able to access mobile internet, augmenting the total number of users to 3.8 billion users, accounting for just fewer than 60% of the population.

Because most people have mobile connection, it is now possible to offer medical care over mobile phones in areas where the ratios of doctor to population are less than 1%.

Your financial world will change

Payments will also increasingly be disrupted by technology. Today, most retail payments still route through card associations. There is no way banks and merchants will continue to tolerate scheme fees when other technologies allow direct to wallet payments. In short, the role of schemes and in some cases, even banks, may be diminished. There is a lot of literature on this, so we won’t elaborate on this point.

Top 5 areas that will change in the next decade

The world will change rapidly. Below, I list down 5 areas which I think will transform global population in the next 5 to 10 years.

1. Machine learning

Your phone will start predicting what you want to say. You can relive chatting with your dead relatives or loved ones. Al Bots can record how your loved ones reply and and start emulating them. Machines will be able themselves as humans.

• Bypass banking and payments verification process

• Weaken network defense

• Impose as a social media identity

• Smarter devices that can interact like a human being

2. Augmented reality

There will be huge implications on learning. Kids can use AR to experience the world. AR is now expensive and inaccessible- battery life, cost of machine and data. In the near future, when sense of smell can be replicated, AR will replace a % of travel.

3. Gene-editing 

You will be able to pay and upgrade your genes. Want to have enhanced performance? Want to reduce cancer rates? Pay a few million dollars, wait in queue and have your genes mapped and edited.

4. Wireless power

Pods will beam enough power to devices. There will be minimum downtime. Battery wastes and charging pains will be a thing of the past. Imagine never having to charge your phone.

How to get ready for change?

Your past experiences will be less important compared to your ability to learn rapidly. Nimbleness will become a core survival tactic for the individual and a firm.