Here's part 1. There's an important part that I need to remind myself. Most of the holdings are preference shares and bonds listed in SGX. Here are the holdings:

1. OCBC Bk 4.2% NCPS (perpetual, maybe be redeemed after Jul 2013)
2. OCC 5.1% NCPS 100 (maturity 3.7 yrs)
3. DBS Bk 4.7% NCPS 100 (maturity 5.9 yrs)
4. CapMallA3.8%b220112 (maturity 7.1 yrs)
5. CapMallTrb3.08%210220 (maturity 6 yrs)

Since I bought the bonds/pref shares above par value, there will be a guaranteed capital loss if the issuer wants to redeem back the bonds/shares. That's why I need to keep a part of the cash distributed aside for such an eventuality and not distribute it to my parents 100%. How much do I need to keep for LP bonds?

1. LP bond 50k

Guaranteed capital loss from buying above par: $2,588 Cash from ......