Shares & Derivatives
LP bonds 2014 results
By Bully The Bear  •  December 24, 2014
This is the time to distribute coupons for my LP bonds back to my parents. For those who are scratching their heads, here's the prequel for this post. There are two tranches for the bond: 1. LP bond 50k Starting capital: 50k Invested capital (inclusive of comms): $49,773.02 Cash accumulated from payout of holdings: $2,144 Paper gain (loss) from drop in market price of holdings: ($748.02) Total portfolio gain (loss): $1,395.98 Total portfolio % changes: 2.79% Going forward, since it's a capital guaranteed bond (by me, of course), I need to retain a certain amount of cash in case my parents need to liquidate it. I'll pay 70% of the net portfolio gain or 2% of 50k (which is $1000), whichever is higher. That should be the policy going forward. 70% of $1,395.98 is $977.19, which is lower than $1000, so I'll just pay ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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