To be carefree with money


These days I'm more carefree with money. To others, it might not be a good thing, but for me, I think it's good progression towards the kind of person I want to be. When I was younger, I'm a lot tighter with money. I guess the circumstances necessarily force one to become like that, so as to survive. Hence, to be able to become financially free, that is, to be free from thinking about money, I … [Read more...]

Free lance tutoring as a business – Part 3

Cash flow. This business is all about cash flow. In fact, shall I say all business is about cash flow? You can boost about how high your revenue growth is, but without actual cash flowing into your coffers, the revenue you noted down might not be translated to actual money. And we have to pay our bills with money, not with revenue. Here's a few key issues to think about: 1. Variability of … [Read more...]

The Lesson from the Death of an Ant

Recently, I made acquaintance with a long time student of mine that I taught way back in 2006. He had since become a private tutor like me. Back then he was a chubby kid who is bright and always very inquisitive. I met him up this year for lunch and we kept in contact ever since. He’ll sometimes text me to ask for my feedback and advice on stuff related to students and work in general. All in all, … [Read more...]

Free lance tutoring as a business – Part 2

Revenue is not the main thing we should be looking at. Afterall, not all the revenue you earned is going all into your pockets because there is cost involved. Revenue, after all the costs had been deducted, becomes the profit. And that's what we're looking at in this post. I like to see myself as a company. What I earned for a living is my revenue, while all that I spend are the cost of earning … [Read more...]

Free lance tutoring as a business – Part 1

The more I understand how to valuate a business as an investor, the more clearly I can see what makes a good company from a bad. I think some of these skills can be applied to myself since you can say I'm also doing a business as a self employed, being a full time tutor for about 10 years. I'm not a business owner in the sense that there is a system where I can hire people without me having to … [Read more...]

What will you grab before your house burns down?

Bully The Bear - f91f1e10

What will you grab from your home if you have 2 minutes before your whole house gets burned down? I watched this interesting clip on Youtube, called Tiny House Nation. It's a sneak preview of this particular episode 5 in season 1, where a couple had their house burned down to ashes. The husband was away but the wife was at home when it happened. When she realised that the fire cannot be put … [Read more...]

Not YOLO, it’s YOLLO.

BULLy the BEAR - 11887210

I was reading 15HWW post on Hedging against a Short life. It's a great article and a good defence against those YOLO people who argued that because WOLO (we live only once), we should spend our money without care and worry. I think philosophically, it's a good idea, but it fails on the execution part. I think the key point is that we should spend on things that matters to us, not necessarily … [Read more...]

Compound effect of our choices

Compound interest doesn't only work on money. It works on everything that we choose to do, which includes all the good choices and the bad choices. Compounding works on this equation: Taken from WikiHow link here. Not all the decisions that we make have the same interest rate. Some decisions are trivial and these compound at a lower interest rate. Yet other decisions are … [Read more...]

Croesus rights allocation is out

A quick update before I start work. The rights allocation for Croesus is out. I haven't got the refund of money yet in my bank account and to check how many rights you're allocated, just go to CDP site here, log in (hopefully you've got all the password and token access) and check how many rights you have. I have 10,000 shares of Croesus and I have 13,100, so I know my entitled amount is … [Read more...]

Saizen reit – the strange beast

This is a strange beast. You would have expected that because there's a stated acquisition price of $1.172, the price of Saizen reit would have traded closer to that price as arbitrators close in to profit from it. But the price jumped to 1.09 from 0.925/0.930 expectedly, then went to a high of 1.14, before lingering around the 1.10/1.12 range and closing at 1.10 for Monday. If you buy in at … [Read more...]

Real investor (in pref shares), real returns!

Real investors, real returns! I had the honour of handling my parent's retirement portfolio, otherwise known as LP bond fund 1, 2 and 3, starting from around 2013 to the most recent early 2015. In it, I bought several lots of preference shares by OCBC. It's the perp that I blogged about earlier here, paying a coupon yield of 4.2% pa and they are going to be redeemed soon in 2nd December … [Read more...]

Enjoying the present – Good buy or goodbye?

Not talking about bonds or ipo or stocks today. I'm not just an engineer, I'm also a poet and an artist and a philosopher. Let's talk about life. Everyday, I wake up, have breakfast then go to work. While working, I think of lunch and what to eat. After lunch, I go back to work again. In the meantime, I look forward to the end of the work day, where I go home and have dinner. After that, I … [Read more...]

Jumbo Group IPO – Good buy or Goodbye?

BULLy the BEAR - jumbo10

Out of curiosity, I wanted to find out more about Jumbo Group Limited IPO. This is the group that is famous for their Jumbo Seafood and their signature Jumbo chilli crab, black pepper crab, salted egg golden prawns and crispy baby squids. They have restaurants under the Jumbo seafood brand in Singapore and PRC too. Besides this, they also have JPOT, Ng Ah Sio Bak Kut Teh, Chui Huay Lim Teochew … [Read more...]

Another pref shares bites the dust..

BULLy the BEAR - ocbc10

Just received word that the OCBC Bk 4.2% NCPS preference share is going to be fully redeemed. That is very bad news. As it is now, there's not a lot of preference shares by the banks listed in at SGX, and yet one by one those good ones are redeemed. There used to be UOB's preference shares too, but that is gone by the wind too. Now, there's just the preference shares by CityDev, Hyflux, another … [Read more...]

Oxley 5% bond – Good buy or Goodbye?

I realised that my bond articles are quite widely read. It was quite shocking to see that all my highest read post are bonds - Aspial, Perennial, Frasers, hyflux pref shares (kind of a bond) etc - all of them are up there in the highest number of pageviews throughout the entire history of nearly 10 yrs,  So let me say this in the clearest way possible. You don't just read what others write about … [Read more...]

Sneak preview: Oxley 5% bond, 4 yrs maturity

The local retail bonds scene is bursting with action this year with so many choices for people to invest in. I think it must have something to do with the ssb savings bond or the impending rate hike. Suddenly everyone is rushing to build up their cash reserves before something happened. There's Frasers 7 years @ 3.65% in May this year, Aspial 5 years @ 5.25% around August, and Perennial 3 yrs @ … [Read more...]

Perennial Real Estate 4.65% bond – Good buy or Goodbye?

BULLy the BEAR - 13-10-10

Perennial Real Estate Holdings is launching their first retail bond. It's a 3 year bond paying 4.65% pa, payable semi-annually and with a min amount of $2k. Is it good buy or good bye? Beautiful name, this perennial word. Perennial means lasting or existing for a long or apparently infinite time; enduring or continually recurring. Unfortunately, the word perennial for this company refers to the … [Read more...]

Frugality isn’t just about saving money

Frugality isn't just about saving money. This article here says exactly what I'm thinking. To me, frugality is about being efficient, which means you spend the right amount of energy, time and money without wastage. And efficiency varies according to the different life stage that you're in. For example, when I was a student with very little pocket money to spare, I'll go all the way to some … [Read more...]

For the Advanced Croesus Rights players

Alright, now that you've read the basics here, you can progress to more advanced stuff. Nicholas Nasim Taleb (NNT) is my favourite modern philosopher and it's a good thing that he dabbles in the market too. His concept about antifragility - to make it out better when crisis strikes and not merely to survive it - is enlightening. So with regards to the rights exercise of Croesus Retail trust, … [Read more...]

For the Casual Croesus Rights players

Croesus retail trust is doing a rights exercise. The mother shares just went XR last Fri and I thought I should highlight the important points to remind myself to take action. I always remember someone losing a huge amount on rights exercise in the past because of some misunderstanding. I hope this won't happen to any holders of Croesus. Here's the details from here: The most important dates … [Read more...]