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...]

One in three

In life there's a big C that we're all afraid of. Reportedly, one in three will get this. The statistics are quite grim if you look at the person to the left of you and to the right of you. Out of the three of you, it's eeni meeni miini moh, so we'll see who gets the hot potato. The hot potato happen to fall upon my mum's lap. It happened quickly and the whole family rallied behind her to … [Read more...]

Reflection on my 50k savings journey

AK posted my old articles in his fb and reminded me that I need to keep stock of my 50k savings challenge. While I kept good records intra-year, I wasn’t really paying attention to how I did inter-years, so I thought this is a good time to check back on my savings record since I started 7 years ago. It was way back in 2009 when I started my 50k savings challenge. If it’s not for AK who posted … [Read more...]

Aspial 5.25% bond – Good buy or Goodbye?

Aspial, the group that is better known for the brands under the group: Lee Hwa jewellery, Gold heart, Citigems, as well as the pawnshop that litters all over neighborhoods in Singapore like a blue plague - Maxicash. They are offering a retail bond, one of the rare ones in Singapore, at an interest rate of 5.25% per year. The question on my mind is whether this is a good buy. Bonds being … [Read more...]

My personal inflation rate

Lizardo here did a very interesting take on the inflation rate in Singapore. He found that based on the official recent 35 yrs of history (1980 to 2015), the average inflation rate is about 2.22% (or CAGR of 1.97% pa) . A longer period from 1962 to 2015 gives an average inflation rate of 2.75%. I think the official figures might not mean much to you, because it depends on the price of a basket … [Read more...]

5 ways to avoid emotional capitulation

I know quite a lot of people are sitting on a huge pile of cash, waiting to be deployed into the stock market when the situation presents itself. I'm always very interested in the psychology of investors and how they intend to cope with the volatility of the market. It's really easy to rationalise and say you will cut loss when the counter goes below a certain level and you will buy in when others … [Read more...]

How best to utilize the Singapore Savings Bond?

With the recent announcements of the Singapore Savings Bond (SSB) coming up in Sept, which is just 2 months away, there's a lot more thinking on my part regarding how best to utilise this new instrument to preserve and grow our wealth. The advantages of this savings bond is widely reported in the newspaper. It's that you can cash in and liquidate the bond any time without price risk. For bonds, … [Read more...]

What would change if you earn $25k per month?

I saw a newspaper article today here that talks about the difficulties of older aged PMETs who are struggling to find work after being laid off in the last financial crisis. In the article, there are several examples of people earning (to me) an extremely high income. There's one getting $25k a month and another earning $9k per month. On Sunday Times, there are a few woman earning $10k and $9k per … [Read more...]