Author: BULLy the BEAR

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)...

Read More

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 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, but I...

Read More

On why we do anything

There are 3 reasons why we have to do anything: 1) We want to do it 2) We have to do it 3) We do it so others don’t have to do it Reason (1) is more ego-centric, where we focus on the needs of ourselves. Reason (3) is more focused on the needs of a larger community of which we are a part of. This concept came to me when I observed my 17-month-old child transition from (1) to (2). Initially, all the things he does is just because he wants to do it. As he slowly understands...

Read More

The problem with grit

Grit is defined as the ability to keep persisting in something, regardless of personal discomfort, until you succeed or die trying. Grit is said to be a good predictor of future success, meaning that grittier kids have something in them that makes them able to take the necessary beatings in life to make it work out in the end. This concept is popularised by Angela Duckworth’s TED talk, which I think many of you had seen before. Let’s deconstruct grit. VALUE JUDGEMENT Grit involves value judgement. When someone didn’t do homework all the time, that is grit. When someone...

Read More

Analyzing an Aphorism

Have you seen this quote before? On my social media feeds, I’ve been fed this quote a couple of times this week. The first time I read it, it seems pretty logical. In fact that’s the thing I told my wife too when she goes on some bulk purchase to save a couple of dollars. The second time I’ve seen it, I had a nagging feeling that something isn’t quite right. So I went to think and analyse deeper into this statement. Firstly, what is savings? Savings is what’s left of your income after spending. Mathematically, the formula is:...

Read More

Learning new things for fun

In the last week or so, I’ve been learning programming. I’ve done programming in the past using an ancient computing language typically used in old ancient physics or engineering lab (Fortran, if you must know) back in my university days. This time, it’s a new age computing language called Python. I’ve never been so excited about learning new things for a long while. One fine day, I just decided I wanted to continue my coding journey, so I just picked a language and started reading about it. I downloaded the python software (free) and started working on it. The...

Read More

The key to unlock doors

Today, my wife and I went to grocery shopping. We’re looking for a pack of Origins Organic hulled millet that my son is eating as a porridge daily. It’s running out and we desperately needed a packet to refill it up. It probably didn’t help that it was about to rain heavily and I only have about 30 mins turnaround time to get back home because a student is coming for lessons. In other words, I’m looking for a grab and go situation, not really in the mindset for shopping around. Not my wife. I went to the usual...

Read More

Evolution of worry

Before my kid is born, I am worried about whether he will have genetic faults. The worry is real so both of us went to do some checkup to see if we have any hereditary illness that might be passed down to the next generation. Then when he is born, I’m worried about whether his hearing is alright. He initially failed the test, but was okay after a second try the following day. When he is still crawling, I worry about whether he can walk. When he starts walking, I worry about when he will start talking. Basically the...

Read More

MyRepublic’s Uno plan speed testing

Towards the end of May, I switched my mobile plan from a sim only plan from M1 @ $25 per month to MyRepublic’s Uno plan @ $8 per month. This plan suits me to a T, because I don’t like having a lot of excess data since I only use only 1 Gb per month working at home. I love the free caller id and best of all, there’s this thing called boundless data. The plan gives me 1 Gb but if I exceeded 1 Gb of data in that month, I won’t be charged for it. Instead, they...

Read More

Easier to be a good dad than a good mum

When I go out, I always see wives scolding or complaining that their husbands are doing a super bad job taking care of kids. The husband literally just stand there and suck it up while their furious wife is pouring out all her troubles in public. I ever asked my wife if she’ll do that to me in the future, and she asked if I’ll do that to her instead. The truth is that it’s easy to be a good dad. In fact, it’s easier to be a good dad compared to a good mum. The standard of a...

Read More

Astrea IV private equity Class A-1 bond

Astrea IV is a wholly owned subsidiary of Azalea Asset Management Pte. Ltd, which is indirectly wholly owned by Temasek Holdings. They are issuing bonds from their private equity funds, so this marks the first time we have a retail bond linked to companies that are not publicly listed and thus not accessible to the general non-accredited retail investors like you and me. Wholly shit. BOND DETAILS Name: Class A-1 Bonds 10NC5 Interest: 4.35% pa, semi annual payment. If not redeemed after 5 yrs on Jun 2023, will step up to 5.35% pa Maturity: 10 yrs, on 14th Jun...

Read More

Voluntary contributions by self employed

Not too long ago, I received a letter from IRAS that I have to pay for my mandatory contribution to my medisave account as a self employed. It comes up to be $6393. I was mulling through the options that I have, so I might as well share it here since I know there is a dearth of write up just for self employed by self employed. My situation: 1) I’ve done voluntary contribution to my CPF for ages, and the reason is to reduce my income tax and also to build a buffer in my OA so that...

Read More

Bigscribe mega event of the year: Investors Exchange 2018

Bigscribe is running the mega event of the year, called Investors Exchange 2018, coming this July. They are known for their value for money courses with down to earth speakers that everyone can relate to. Last year’s event was a sell out, so they thought it’s time to up the game by introducing a great line up of speakers. Take note that these are not sneak previews to entice you to sign up for the ‘real’ course. THIS is the the real course. Here’s a brief introduction to them: Stanley Lim (from valueinvestasia) He writes for Value Invest Asia,...

Read More

Surviving vs Thriving part II

I talked about thriving and surviving in this post here. That theme keeps creeping into my mind in the quieter hours and I thought more about it. Decided to post it here to further consolidate my thoughts on this subject matter. There are three categories here: 1) not surviving 2) surviving but not thriving 3) thriving Basically these are states which describes your level of excess mental and physical energy. Not surviving means you don’t have enough physical and mental energy. Surviving means you just have enough and not much to spare. Thriving means you have more than enough....

Read More

11 questions from Tribe of mentors

I’m about to start reading on Tim Ferriss’s Tribe of Mentors. If Tools of titans is a great encyclopedia of self help knowledge, I think tribe of mentors wouldn’t do much worse. Tim went ahead to ask several people the same 11 questions, which are listed down below. Since I haven’t start reading, I thought I will try to answer them first so that I get more out of reading what others have to say. So, here’s my answers to the 11 questions: 1, What is the book (or books) you’ve given most as a gift, and why? Or...

Read More

Like us on Facebook

Follow us on Twitter