Sunday, May 31, 2020

Wechat storage backup and restore: My samsung S6 27GB disk space

May 31, 2020


I ran into mobile phone storage less than 20 MB. I removed some images from the phone. But I had to come out the solution quickly to solve the issue. I could not login wechat on my phone. I removed one GPS app to release 200 MB space. Later I figured out how to remove wechat internal storage, but I do have to keep some chat history as well this time. I like to write down my learning process.

Wechat internal history

I have to keep some chat history so that I can learn from my own experience as a wechat player. I found the article how to backup the chat history through computer version of wechat this time. And I like to restore chat history as well. Restore chat history is my first time.

It is the first time  I learned to work better with wechat app. I ran into mobile phone storage issue, and I just did first time backup and restore on wechat app. I like to write down the steps and then review them later .

Wechat storage backup and restore

It is tough for me to work with 27 GB storage on my mobile phone. I have to use wechat app to connect to my friends and relatives on wechat. The internal data of wechat was 2GB, and storage space of my mobile phone is 400 MB after I removed a GPS app to free the space.

Here are steps to follow:

  1. Always try to keep 1 GB storage space on my mobile phone;
  2. Connect wechat on desktop version, backup chat history - I chose three chat history this time;
  3. Delete all internal data from Samsung settings -> apps -> wechat -> internal data
  4. Restore chat history from wechat computer version -> I chose to restore 3 chat history
  5. Now my mobile phone with 27 GB disk size has 2 GB storage space. 
I should consider to work on this backup, deletion of internal data and then restore once a month. 

4 Ways to Backup and Restore WeChat Chat History

Here is the article.

Tax preparation checklist: TurboTax Canada

Here is the article.

Expenses & Credits (a sampling as what you need changes depending upon your life situation)
Depending on your province of residence, you may also need a few other amounts for certain provincial credits such as: Rent receipts – Property tax amounts – RL Slips (Quebec)- Seniors’ activity receipts
If you’re a CRA MyAccount holder, you can import these items directly into your return using CRA’s Auto-fill my return service.
Looking for an income tax calculator for your province or territory. TurboTax has you covered; simply enter in your province and amounts, it will calculate your taxes accordingly.
If at the end of the day you feel a bit overwhelmed trying to make sure you have everything, consider TurboTax Live Assist & Review and get unlimited help and advice as you do your taxes, plus a final review before you file.  Or, choose TurboTax Live Full Service and have one of our tax experts do you return from start to finish.

Tax preparation checklist: HR block

Here is the article.

Tax preparation checklist: WHAT DO I NEED TO FILE MY TAXES?

Here is the article.

This one is for USA, but I like to quickly scan the document and get the idea what to look into.

2019 tax return: My preparation and showcase

May 31, 2020


It is so important for me to learn how to manage myself in order to prepare tax return. I like to write a blog about my experience and showcase how good I am right now. I also like to look into issues and then make plans for improvement.

2019 tax return

I have to learn better to manage myself. I download tax document from, but the documents related to my RRSP and T5 are not good enough for me. I need to come out the total amount I deposited.

Here are highlights for my preparation:

  1. Use simpletax software
  2. Download all scotia bank 2019 and 2020 checking account statements;
  3. Manually go over monthly statement and check my RRSP deposit information. 
  4. Enter my T4 information on
  5. My RRSP limit is $52,056.00 based on CRA website
  6. Review my auto deposit information on CRA website
  7. My refund is $1074.25 dollars
  8. Take picture of T4 document and save it on my github
  9. Take picture of my $3000 dollar deposit on RRSP - Scotia Canada index fund statement
  10. My RRSP contribution is $5280, from March to December 2019 is $4620, January to March 2020 is $660.
  11. Download tax return 2019 report from
  12. Find all deposit slips from January 2019 to Dec. 2019. 
  13. Need to check hours worked in total, vacation days in total, sick days in total

Actionable Item

  1. Add T5 $263.22 to my tax return, now tax return is 50 dollar less; $1021.45
  2. I also look up checklist for tax return for Canadian and US residents. 
I spent one hour to look into sponsor application immigration cost, and I only had two hours left before June 1, 2020, and I missed my 10:00 PM mock interview on May 30, 2020. 

Wechat maintainance plan: How to remove data from wechat properly?

May 31, 2020


It is an exciting project to be frugal and then I have to live with 29 GB storage of Samsung S6 mobile phone. I ran out of storage space, so I had to remove Sygic app to get 500 MB back. I have to learn how to remove wechat 2.22 GB internal data regularly.

What is the smart way?

I have to do a short research to remove internal data from wechat reguarly.

Here is the article.

sygic app: Better than google map

May 31, 2020


I have to remove sygic app since my mobile runs out of storage space. I have to learn how to clean up and maintain storage on my mobile phone.

Saturday, May 30, 2020

The Fall of General Electric

Here is the link.

GE, the legendary bellwether American company, was founded by Thomas Edison in 1889. It was an original Dow Jones Industrial Average component, which represents the 30 largest stocks in the U.S. GE stayed on the Dow Jones from the early 1900’s until 2018 when it was abruptly removed. GE was always a large company, but Jack Welch who took over in 1981 brought General Electric into the stratosphere; he led GE from being the 9th largest company to the largest by the year 2000. Jeff Immelt took over in 2001—and had big shoes to fill. Early on, Immelt was a competent CEO, but over time he made a number of mistakes that cumulated to ruin GE’s once mythic image when it needed a bailout of sorts (from Buffett and sort of by the FDIC) during the financial crisis of 2008. After the financial crisis, with GE’s mythic image in a state of disrepair, Immelt tried to rebuild the company and made 4 key mistakes: 1) He sold NBC at a discounted price. 2) He heavily invested in oil companies 3) He sold the profitable GE Capital business at a large loss 4) He purchased Alstom a French Power company. Each of these decisions led to turmoil. In 2015, Immelt said GE would earn $2 in 2018. However, in 2018, GE lost money. In 2017, Immelt left the company, but GE’s new CEO John Flannery would last only a year—he was fired in 2018. Lawrence Culp, the former CEO of Danaher, took over in late 2018. He forecasted GE’s EPS to be less than 70 cents in 2019. Oh, how the might have fallen! GE is the tale of a CEO (Jeff Immelt) whose biggest mistake was listening to shareholders.

Stock research: U.S. Bancorp (NYSE:USB)

Here is the article. 

Two facts and arguments to look into:

U.S. Bancorp doesn't have an investment banking business
Investment banking business tends to do well in turbulent times

Here is the content about banking business:

There's certainly a good reason for this. U.S. Bancorp is one of the most profitable and efficient banks in the United States. In 2019, U.S. Bancorp's 55.8% efficiency ratio was significantly better than those of most of its peers, and its return on equity (ROE) and return on assets (ROA) were among the best among any brick-and-mortar banks.

More importantly, U.S. Bancorp has a fantastic track record of responsible lending and solid financial management. In fact, during the 2008-09 financial crisis, U.S. Bancorp's earnings never went negative, something few banks can claim.

So, why has U.S. Bancorp been so beaten-down now? The short answer is that the COVID-19 pandemic has created a ton of uncertainty. We just don't know how long a recession will last, and there's no way to know if consumers will be able to pay their bills after government support stops flowing. And unlike most of its big-bank peers, U.S. Bancorp doesn't have an investment banking business (which tends to do well in turbulent times).

Investing in Airline Stocks

Here is the article.

Here are some facts:

  1. Four airlines control about 80% of the U.S. market
  2. using technology to manage schedules and set fares, mergers -> 4 competitors
  3. Key terms: RASM, CASM, Load factor

Short for revenue per available seat mile


Short for costs per available seat mile 

GE stock research: I like to learn business since I choose to be a share holder of GE 600 shares

May 30, 2020


It is my short term research project. I like to learn more about GE business. I like to learn if I can invest some time to read more about GE as a business, aviation business of GE. 

GE business

Here is the article. 

Market capitalization $57 billion
net debt on its books - $57 billion 
$3 billion in free cash flow over the past year
on course to burn more than $3 billion in negative free cash flow in this quarter alone - 2020 April - June

a perilous position - perilous means dangerous

profit division - airplane engines - hit hard by the decline in air travel

UK tax issue - 1 billion sued for tax fraud, plus interest and penalties on that tax debt. 

Actionable Items

It is not easy for me to be an investor. I have to improve my English, and this is the first time I realize that one quarter - second quarter in 2020 GE will have $3 billion negative free cash flow. 

Stock research: GE stock market swing

May 30, 2020


It is such an exciting to see the gains of $500 dollars in less than one week after my purchase 500 share GE stocks. But it was also surprising to see the price went down and gains are around $100 dollars instead. I like to write down psychology part of investment, short term, medium cap, and distressed business with too much debt, pandemic, and lessons I learn.

Case study

I have a Chinese friend who purchased $10,000 US dollar stock GE, and then sold in next day morning 7.4/ share, and made profit $400 dollars. She asked me if I like to sell with her together. I told her that I am a long term investor, and I shared with her my business plan.

After GE went down from 7.4 to 6.6, I think that I should treat this market gain over 20% in less than one week as abnormal, and take profit of $500, and then purchase back when price is low as $5.5 to $6.5.

May 30, 2020

May 27, 2020

Here is the article to explain why GE had 7% drop first hour on May 26, 2020.

Shares of industrial giant General Electric (NYSE:GE) tumbled 5% in early trading Friday, and remain down 3.6% as of 10:40 a.m. EDT. What precisely is causing GE stock to fall, however, is a matter of opinion.

free cash flow will be a lot worse than the $2.5 billion Wall Street has been estimating so far -- as much as $3.5 billion to $4.5 billion -- and that GE will end the year burning cash as well.