Author: BULLy the BEAR

Gong xi gong xi

Some companies are wishing themselves happy chinese new year with their retrenchment exercises near the festive season. One of the more notable examples is given below: Besides that, HSBC also recently closed some branches and cut some jobs (here). I guess we all have to strive for financial freedom one day, because there’ll come a time where even if you want to work, you might not be able to, either because the economy had changed drastically or you are unfit because of health reasons. Have career aspiration or not is up to you, but one must definitely have financial...

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Is it a dream or a goal?

I was reading Tim Ferriss tome “Tools of Titans ” and finding little nuggets of information here and there. It was such a great education reading about psychedelics, strength training and ketosis – things that I don’t read about in general. This one by the famed wrestler Triple H stood out: Is it a dream or a goal? A dream is something you fantasize about that will probably not happen. You can dream of being a world class DOTA player or get all As for your exams, but without action, it’s just something in the potential near future that...

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Bullythebear’s reflection post of the decade

The first post of Bullythebear is dated at 4th Dec 2006. Today is 8th Jan 2017, which means that 10 years 1 month and 4 days had passed since my very first posting here. I thought it’s a good time to think and reflect about the long journey of me writing this blog and all the readers reading it.So here’s the blog post that summarises my journey in Bullythebear so far. Statistics 1. I made a total of 1,203 (excluding this) over the entire lifespan of the blog. That’s about 10 post per month on average. I progressively posted...

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Reflection of year 2016

I think it’s important to take stock of what had happened in 2016 and then reflect on the various pillars that make up my life. Let’s have a look: 1. Finance As a financial blogger, this naturally comes first. I’ll break it up into two parts, personal finance and portfolio. In 2016, I pushed through my limit of how much I can work in a day. I didn’t exactly plan to make a record breaking year, but things just happened this way. As a result, I worked in excess of 45 to 50 hours a week, and that’s just...

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The year 2016 in terms of books read

It’s becoming clear as we move towards the end of 2016 that my target of reading 52 books this year is not going to happen. Not going to give any excuses for not being able to do so, it is just as it is. As usual, I’m going to list down all the books that I’ve read, then I’m going to recommend a few good ones that forms a deep impression after reading. Here’s the list of all 38 books that I’ve read this year: Living with a SEAL – Jesse Itzler When breath becomes air – Paul Kalanithi...

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Two new systems to change my life

I usually spent the last few days towards the end of the year to do some serious reflection on the practices and the system that I used for the entire year, to see if I can improve it or fine tune it further. I will share two systems that I had recently been implementing that I think will streamline my thought process for further reflection at the end of the year. The first has to do with trading, and the second is more to do with my line of work. Trading system Problem:  In the past before I started...

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Sabana Reit 42 for 100 rights exercise

Sabana just announced a rights exercise. For every 100 shares that you have before XR, you’re entitled to 42 rights shares priced at $0.258. Based on their track record, I don’t think it’ll be well received. I once bought Sabana reit at 0.960 back in Nov 2010 and sold it at a 0.910. After dividends, thankfully I still make a very slight profit of 0.7%. I told my wife to get rid of it too. From then, the share price just went lower and lower until it hits 0.435 today. Imagine a 50% loss but with a yield of...

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Somebody staring at me

I wore a new t-shirt out today and noticed a few people, especially the guys, looking at me. I know because I saw their eyes trying to read what my t-shirt says. I took a selfie of myself and here’s how I look: Yeah, I know my face is something that comes out of a horror film. But really, I think it’s my t-shirt that these people are looking at. I think my t-shirt is a good conversation starter. I’m wearing it for work and hoping one day my students, out of curiosity, would ask me what Financial Independence...

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Closing off a tranche of LP ‘bonds’

I handled my parent’s portfolio since end 2013, and I’m still handling them now. Recently, my parents wanted to withdraw out 40k. My parent’s portfolio is handled in tranches, according to the timing where they gave a lump sum to me. Since the first tranche of money is 50k, and the portfolio also consisted of Capital mall asia bonds (CapmallA3.8%b220112) that is going to be redeemed back in Jan 2017 (here), I decided to cash out the entire portfolio and return it to them. When I first started out, the options are pretty limited. I looked back at my...

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I knew I loved you before I met you

I knew I loved you before I met you, so goes the song by Savage Garden. When I first heard that song, I thought it’s just some mythology that some romantics had dreamed of. I don’t really believe in love at first sight. Until it happened to me (okay, technically there’s no ‘sight’). That little kick, that little tremor, especially at night. The black and white pictures we took every other month. The vast amount of conversation we had regarding what we’re going to do, and how we plan to do this and that. The huge amount of research...

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Where did all my savings go?

I started tallying the past records of all my savings recently. My aim is to find out where all my hard earned savings go to. Did I ‘waste’ a lot of my life energy, which is captured in the form of savings, into frivolous stuff? It’s a pity that I only started tracking seriously in 2008. I started work around mid 2003, so those 5 years until 2007 are like my lost years The breakdown over the years 2008: $53k2009: $50k2010: $50k2011: $53k2012: $29k2013: $25k2014: $68k2015: $64k2016: $67k ? I haven’t close 2016 yet as there’s still some weeks...

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Financial competition

Lim, Tan and Lee sat around the marble table of the kopi-thiam. They are classmates that had not met each other for the past 30 years, so naturally they had plenty to share. The conversation flowed along, interrupted only by the periodic crunch of the kaya butter toasts and the sipping of kopi-o in the quaint porcelain cups, until it came to the topic about their children. Tan started it first when he said that his son is very capable. He is earning $100k per year at age 25 as a banker. Lim said that was nothing to boast...

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Networth updates in 2016

Usually I’ll do a networth update around end of the year, so with few blinks of an eye, we’re here again after 1 yr. This year is a fantastic year for me, but I’ll talk more about that when I reflect on the year 2016 and how grateful I am for the ups and also the downs. The last time I did my networth was back in 7th Dec, 2015, here. There are so many ways to calculate networth, but I’ve always done my this way. It’s assets minus liabilities. So, the assets part include: 1. Cash in my...

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ROE vs PB of regional banks

Just out of curiosity, I did a study on the ROE vs PB ratio for the different banks across the region. I fully understand that it’s not a good apples to apples comparison because different banks have different regulations and capital requirements, and also different rules to recognise profits, bad debts and so on. But it’s still good to see how the banks fare on these two metrics across the board. All the figures are taken from the bestest platform to happen onto me this year: Investingnote. I don’t just use them for the charts, but if you click...

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Capitamalls asia bonds optional redemption

Another bond bites the dust. Don’t worry, this is not from the troubled oil and gas sector. It’s the optional redemption of Capitamalls asia bonds, CapMallA3.8%b220112 announced from sgx here. I blogged about the bonds here and here. The full maturity of the bond is actually on 12-Jan-2022 but there is an option for early redemption on 12-Jan-2017 and every year thereafter. Since there is a step up option for the bond  if it is not redeemed on 12-Jan-2017 to 4.5% instead of 3.8%, I guess there’s every reason for them to redeem it back in full. The 3 months SIBOR...

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