Author: BULLy the BEAR

POEMS MMF rate increasing?

I’ve always been putting my warchest in POEM money market fund (MMF). Recently, I noticed that the unit price of the MFF had been increasing at an accelerated rate. Fortunately, I had some data that I always recorded when I’m doing my monthly accounts, so I had access to the unit price changes of the MMF every month (most of the time anyway). I needed to know roughly how much interest it will generate so that I can properly allocate to the various instruments for my cash. So far, I’ve been putting it in these few places: 1) MMF2)...

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First day in childcare

Today I sent my boy to the childcare centre. He’s about a month shy of 2 yrs, so it’s his first experience going to a proper school environment, hence his crying is all expected. But I left the childcare centre, being all warm inside and proud. Why? I think it’s important to establish a very strong emotional link between the child and the parent. With this strong emotional link, you can motivate the kid to limits beyond the wildest expectations from the parents. There are times when we brought my son out for walks and after an hour or...

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A very long reflection of 2018

My baby just fell asleep, so I had to myself an hour or so to reflect on the year 2018. I started off by looking at the diary app that I had been conscientiously writing every night before I go to sleep. Here’s a few highlights monthly: Jan: Went Bangkok for a trip with my wife, but not with son. Left him with my mum back in Singapore, and happily so! We’re so tired and we need to take care of ourselves. Looking back, we’re so…noob being parents, haha! Perhaps the new year 2019 will see me bringing him...

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2018 viewed in the eyes of the books

I set up a goal to read 52 books way back in 2007. I saw the list of all the books I’ve read, all typed out neatly in a Microsoft word document spanning over 11 pages in size 10 font. It was easily the best habit I’ve adopted and the effects are still rippling through me. It has been 12 yrs since I started this habit, and still going strong. I was a little behind my reading list last year when I only read 11 books, and that’s because I just became a father, and so it took some...

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Networth update in 2018

2018 is a rather slack year for me. I don’t think I work as hard as I do in previous years in terms of work, so the time that is otherwise spent working is channeled to my family, especially my growing child. This year is also a bad year for those who invested in equities. It seems like if you put money under your pillow, you’ll end up being better. Will it affect my net-worth? Let’s see. The last I wrote on my net-worth was back in 1st Dec 2017, here. I’m going to do the same below. There...

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Nuances of financial independence

When we talk about financial independence, it suggest that we are trying to stand alone and be self sufficient. It reminds me of those doomsday preppers, where they store their own preserved food, carefully canning them to hoard a stash of years to come. Self-sufficiency is the key. And for a while, I thought that model is what I aspire to become too. After becoming a father, I saw from first principles how relationships are formed. My boy is the catalyst to forging new relationships. He is like the fire in the forge, melting hard cold steel together. I...

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Children as great teachers

I used to hate putting my child to bed. It might take anything from 1 hour to 2.5 hours. You might want to have your child sleeping at 8pm sharp, but that will never happen. He’ll toss and turn, he’ll play around, he’ll do anything except sleep. In the past, this used to vex me, because I was mentally counting the personal time that I had left. I love my kid, but hey, I’ve been looking after him for the good part of the day, and daddy needs some personal time alone to be ‘myself’ again. Out of 12...

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Children as great teachers

I used to hate putting my child to bed. It might take anything from 1 hour to 2.5 hours. You might want to have your child sleeping at 8pm sharp, but that will never happen. He’ll toss and turn, he’ll play around, he’ll do anything except sleep. In the past, this used to vex me, because I was mentally counting the personal time that I had left. I love my kid, but hey, I’ve been looking after him for the good part of the day, and daddy needs some personal time alone to be ‘myself’ again. Out of 12...

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Cars as memory markers

There was a time when I thought I will never get a new car. Why pay a premium for the smell of ‘newness’, I said. That was part of a conversation that I had with my wife many years ago. It goes something along the line that when we retire (without kids at that point in time), we should ‘heck care’ and get a 2 seater mini coupe to drive. That was when we had a debate on the merits of buying a new vs pre-owned car. You can see which side we are won over because we went...

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Cars as memory markers

There was a time when I thought I will never get a new car. Why pay a premium for the smell of ‘newness’, I said. That was part of a conversation that I had with my wife many years ago. It goes something along the line that when we retire (without kids at that point in time), we should ‘heck care’ and get a 2 seater mini coupe to drive. That was when we had a debate on the merits of buying a new vs pre-owned car. You can see which side we are won over because we went...

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My thoughts on the Mid-year exams removal

There are quite a few people in my circle asking me what I think of this news here. This news is regarding the planned removal of the mid-year exams for primary 3 and 5, as well as secondary 1 and 3. The intention is to withdraw from the narrow focus on grades so that students can discover the joy of learning. I can put on two hats to analyse this. One is that of a parent and the other is that of a tutor. As a parent: 1) My first thought is that there will be less feedback on how my...

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My thoughts on the Mid-year exams removal

There are quite a few people in my circle asking me what I think of this news here. This news is regarding the planned removal of the mid-year exams for primary 3 and 5, as well as secondary 1 and 3. The intention is to withdraw from the narrow focus on grades so that students can discover the joy of learning. I can put on two hats to analyse this. One is that of a parent and the other is that of a tutor. As a parent: 1) My first thought is that there will be less feedback on how my...

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The returns of OCBC 5.1% preference shares

I bought the OCBC preference shares, OCC 5.1% NCPS, a while ago for my parent’s retirement funds. I didn’t even know that OCBC had redeemed back the perp on their first call date until I saw the capital returned to my bank account. Another one bites the dust… So how had it performed? Let’s take a look at the details: 1st tranche: Buy date: 3rd-Feb-2014 A) Buy price: $106.10 B) Quantity: 100 shares C) Comms paid for buying: $37.19 D) Dividend collected: $2551.40 E) Total profits: 100*B + D – 100*A – C = $1904.21 F) Recall date: 20th...

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The returns of OCBC 5.1% preference shares

I bought the OCBC preference shares, OCC 5.1% NCPS, a while ago for my parent’s retirement funds. I didn’t even know that OCBC had redeemed back the perp on their first call date until I saw the capital returned to my bank account. Another one bites the dust… So how had it performed? Let’s take a look at the details: 1st tranche: Buy date: 3rd-Feb-2014A) Buy price: $106.10B) Quantity: 100 sharesC) Comms paid for buying: $37.19D) Dividend collected: $2551.40E) Total profits: 100*B + D – 100*A – C = $1904.21F) Recall date: 20th Sept 2018G) Total duration: 4.63 yrsH)...

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17 months of being a father

After nearly 17 months of being a father, I think I have that little bit of experience to talk about the changes that happened to me. The changes are significant enough that sometimes me and wife will say BC and AC, which stands for Before Child and After Child. “Oh, we used to be able to watch movies in the cinema BC 2012…“, laments the wife. “This is AC 2018, I don’t think we can afford to have a late lunch at Tim Ho Wan at 2pm anymore…“, I complained. Of course, mothers and fathers experienced the changes differently,...

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