New perennial 4.55% 4 yrs bond – Goodbye or good buy?

Looks like yet another bond offering in the local retail bond market. It's always the same few players offering bonds, and this time it's by Perennial Real Estate Holding (PREH). They just offered a 3 yrs 4.65% bond in Oct 2015 that I blogged about it here and now they are back at it again. This time round, it's a 4 yrs 4.55% bond. Let's see how it compares with the currently traded 3yr4.65% … [Read more...]

Post-rights price recovery period for reits

If you get into reits, make sure that you have some spare warchest to prepare for rights issue. It's not a matter of if, but a matter of when. In the past, if you do not have any reits yet, I will recommend buying the mother shares during rights issue so that you have the ability to hack your way to capitalise on the excess rights application process. I blogged various articles in this blog but … [Read more...]

Ticking one box every week

I watched a ted talk recently regarding procrastination. We all do it in various degrees all the time. There are two kinds of situation where procrastination can be seen as a boon or a bane. The first kind is when there is a deadline, and when it's drawing nearer and nearer, the panic monster in us suddenly awakens and make us do the necessary things to get things done. Then there's another kind … [Read more...]

China – the origin of the next crisis?

Financial times had a very good video that I thought will be good to share here. It's about 15 mins long and it talks abut the end of the China's miraculous growth which is fueled by the influx of migrant workers streaming into the factories and offering their labour for a low wage. This video shows the plight of the migrant workers as the economy slows down and what they intend to do when they go … [Read more...]

Salted fish resurrected!

I blogged 2 years ago here that my salted fish have resurrected (咸鱼翻身). But shortly after that, it went limp and died again. It's only recently in 2016 1st quarter that I saw signs of life in the salted fish. By now, the salted fish is extremely fragrant because it had been salted for 6 long years! Here's a chart to show you what's happening in the last 6 yrs. They had a consolidation exercise … [Read more...]

My top 5 biggest expenses in 2015

Just out of curiosity, I wanted to find out what's the top 5 biggest expenses I had last year in 2015. I had been tracking my personal expenses for a number of years. Initially I was using excel spreadsheet but it progressed to YNAB (Why you need a budget), so exporting the data out to analyse didn't take long. Before I embarked on this exercise, I tried to think of my top 3 biggest expenses. I … [Read more...]

Hedonic treadmill

I read this wonderful article here that talks about how we derive pleasure when we first upgrade our standards of living but eventually getting so used to the the experience through repeated use that it offers no more pleasure. In other words, you get back to the same pleasure level before you started this hedonic treadmill, and you have to go look for better and better pleasures, and yet getting … [Read more...]

Aspial 5.30% bond (AGAIN) – Good buy or Goodbye?

Aspial is issuing out new bonds again. The last time that did it was back around Aug 2015, giving 5.25% pa with maturity period of 5 yrs, which I've blogged about it here. This time round, they are upping the stake, giving 5.30% pa with a maturity period of 4 yrs. The expected issue date is 1st April 2016, and since this is a retail bond, you can bid for the allotment of the bonds through ATM … [Read more...]

I closed off my Saizen arbritrage

I entered Saizen a few months ago, which I blogged about here. I just sold off today, so let's see if this arbitrage works out well. Entry price: $1.09 Ordinary dividends declared: $0.0283 Extraordinary dividends declared: $1.056 Exit price: $0.077 Profits per share: (1.056 + 0.0283 + 0.077) - 1.09 =  $0.0713 After accounting for commission for both buy and sell, the profit percentage … [Read more...]

Investment that gives you 3k per month?

Bully The Bear - bboy_o10

This is a rare stock tip from bullythebears. I don't normally give tips, because it's too much responsibilities to bear, but this such a sure win that I can't help but share. This company gives about $1k to $10k per month as dividends. Sometimes more, sometimes less, but it had a track record of giving increasing amounts every year. Can't believe it? Well, it's your job! Let's take the average … [Read more...]

I’m a different person now

On Sunday I bought a new printer. It had automated duplex function (able to print 2 sides of the page without manually flipping the paper around), a scan function with OCR capabilities and able to copy and fax. The last time I bought a printer with somewhat similar capabilities was in 2011. The printer then cost me $299 and I remembered it's the costliest printer I had ever bought. I had to think … [Read more...]

Portfolios of the Poor


I am reading this book, titled "Portfolios of the Poor" by Collins et al. It's an interesting book because it studies the poor, defined broadly as those living with 2 USD per month or below, in a few continents like South Africa and India. We are talking about people who have irregular income, living in slum cities, plagued with various health issues and still have a family to support. They are … [Read more...]

Beware of the rug under your feet

I saw a newspaper article on Straits Times regarding JC students shunning geography as a A lvl subject here. These are the articles that represent one of my grave concerns with my career as a tutor. Major changes like these can make or break my livelihood, and it's very important for me to stay up to date. Imagine if I'm a pure geography tutor who specialises in this one and only subject. … [Read more...]

I paid off my car loan!

Last month, I just finished my paying off the loan for my pre-owned car. Before the cap for borrowing had been set by law, I've already put in 50% down payment for it, so the amount of money that I borrowed is relatively low. Still, it's a great relief to have paid off something and have no debts. Now, if only that car loan that I've just paid off is my housing loan, haha! Since I'm relatively … [Read more...]

We walk together but alone

On Wed, I met up with 2 financial bloggers. Though it's not the first time we met, the online conversation spilled over to face to face interaction and before long, we chatted for nearly 5 hours just like that. This is shorter than the 6 hours I spent a few months ago here. My wife would probably lament that 3 grown men can chat longer than 3 aunties lol! There's usually a lot more sharing of … [Read more...]

My Saizen arbitrage

Just received a circular for Saizen unit holders, telling us a lot of finalized details about the upcoming disposal of their entire portfolio to Trangle TMK. Of note here is the special distribution of $1.056 per unit to unit holders. I bought and sold a few rounds already, but after they made the announcement near Nov in 2015, I bought it again at $1.0938 (inclusive of comms), hoping to arbitrage … [Read more...]


This post first appeared in Kungfu Cats Academy. I watched this TED talk recently by Johann Hari regarding Addiction. It's a good talk show, and it talks about how everything we knew about addiction is out-dated and wrong. In essence, addiction had been shown to be cured by introducing more social bonds to the addicts. If the addicts have something to look forward to, where they feel they are … [Read more...]

Normality is over-rated

This article here really tugs at my heart. I found myself always trying to unlearn the things that I've learnt in school, or from others, so that I can take in new information and assimilate them into my consciousness. The new illiterate are not those who cannot read, but those who cannot unlearn what they had learnt and thus adapt to ever changing circumstances. When I started my job as a … [Read more...]

Hacking the routine in my life

If you found me posting lesser and lesser, it's not because I'm discouraged by the bear attack recently. In fact, I'm busy buying away and watching my defense line to see if they need supports. Rather, I'm occupied with hacking my life's routine. On a whim, I decided to start waking up early one day. It started on a particularly slow Monday, where I felt that I was so unproductive that it … [Read more...]

Plan for 2016

After utilizing a portion of my warchest, it's time to wait for the kill for the remaining portion of my warchest. It's not easy to look at your portfolio and see it decimated week after week, but I think I took a depression and several years thereafter to get the lesson that the market is trying to teach me when I paid my tuition fees involuntarily. These are lessons that have to be taken … [Read more...]