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...]

The Greasy Panda crash of 2016

Bully The Bear - adult010

As I type out this post, STI is down another 47 points to 2650. Everyday you'll see the oil and gas sector, as well as the banks going down and down and down. For every bear, there's always a name attached to it. In my little group, we call this the greasy panda - greasy because it's oil related and panda because the last straw that broke the camel's back seems to start from China. For those … [Read more...]

Don’t get bullied by the bear

Bully The Bear - 9125_110

I was in Bangkok when the market went crashing through several levels of support to end up where it is right now. Even though I didn't spend a lot in my trip there, my 'online purchase' is of several magnitudes more than my wife's physical shopping. I had queued for several blue chips and the order got fulfilled one by one. We know this is a bear territory because for many counters, we're in … [Read more...]

The chains of Habits

The chains of habit is too light to be felt, until it's too heavy to be broken. Habits can be both good and bad. Here, let's focus on the good ones. If you want to start a new habit, research says you need at least xx days to form it. 'xx' can be anything from 21 days, or 49 days (7 weeks), to 66 days. I think it doesn't matter how many days, but the point is that you must do it consecutively, … [Read more...]

Circle of life

I noticed that with each Christmas that passes me by, it seems that my life gets simpler and simpler. I remember that in my younger days, I would go out to party with friends. Nothing wild, just going to Orchard for the countdown - you know, that sort of thing. Countdown parties seems like the craze for me back then. It's not that Christmas is particularly important for me, maybe it's just an … [Read more...]

A little a day goes a long way; A lot goes a longer way

Savings more or earning more is the way forward? Some say it's savings more, some say it's earning more and some say both are important. To me, I think the sequence is more important. I think if you're having a fixed pay where your income is fixed, then there's nothing else you can do to increase it. If you want to save more, then you have to cut your spending. The savings equation is very … [Read more...]

The year 2015 in terms of books read

Year 2015 is like any other year in terms of my book challenge. I completed my 52 books challenge for 2015 with some more weeks to spare! I find that this year, the quality of the books I read are fantastic. There's a lot more breadth and also a lot more depth. I started reading up books on spiritual growth too, so I think that's a genre that I can always do more in depth. As usual, I'll put up a … [Read more...]

Digging deeper into ROE

Look at this company's ROE below: FY 2011  -- ROE 72.6% FY 2012 --  ROE 47.7% FY 2013 --  ROE 33.7% FY 2014 --  ROE 25.6% The ROE (return over equities) keeps falling from the 70+% range towards the current 25% range, but it's still pretty high. Would you say something is wrong? If so, what went wrong? It's important at this stage to break up the ROE into parts. It's called Dupont … [Read more...]

ARA rights are out

ARA right shares results are out. It might not be out officially, but I saw the amount of refund from my bank account and deduced the amount of rights shares that I got it. To double confirm, I will have to check my CDP account to see that the shares are physically transferred into the account. Either way, I'll receive a snail mail from them to inform me of the rights results. ARA had been … [Read more...]

How to make CPF contributions as a self employed?

I seldom talk about CPF, because I'm a self employed. It's a little different for me. When I want to find out more about it, there's not a lot of information out there that curate and collate all the info that I want. Hence I put up this article about CPF especially for self employed. The details are still relevant, perhaps the figures need to be updated from time to time, but those are easy to … [Read more...]

The highlight meeting of the year

I do meet bloggers from time to time, and this is one of the perks of having a blog. No, it's not just about the ad dollars or the good comments you might receive on a post well written. Because if it is about that, then I would have long given up on blogging since there are times I have neither. It's about the little things. And on Monday, I happened to meet up with two bloggers at the same … [Read more...]

Year 2015 is a Challenging year

The year 2015 is closing soon. This had been a rather 'challenging' year for me because I issued a lot of personal challenges to experience growth in as many areas as possible. I think for me, it's important to be a better person this year than the last, and I try hard to do that as well. Here are 4 major challenges that I threw on myself: 1. Career challenge 2. Body challenge 3. Mind … [Read more...]

Short term goals for my long term plans (Update:2015)

Exactly last year, I posted this article titled "Short term goals for my long term plan". I think it's great that facebook memories reminded me of it - it's a great feature. It's time to update that goal and see what I've done and what I still need to do. This is for last year 12th Dec 2014: Invested in market: $75,000 Investible cash: $70,000 Total capital so far: $145,000 Capital … [Read more...]

Putting all your eggs in one basket

Bully The Bear - basket10

There are employment benefits like discounted share options for people working in listed companies. I think it's a great option to buy such discounted shares since they do add up to a substantively, especially when there's not a lot of restrictions on selling. The point is that if you offer employee shares of the company they are working in, they will be more aligned to perform better since they … [Read more...]

Networth updated!

Okay, it's time to do an update on my networth position. Seems like my click bait-ish post last year titled I've Zero networth is picked up in fb and started a few posts by other bloggers like BIGfatpurse and The Turtle Investor. They said it's controversial, haha and I agree that it is so. I think it's because of the way I calculate networth seems like I'm self flagellating myself and deriving … [Read more...]

The New Bees and The Veteran

The new bees sat in the auditorium, eagerly awaiting the arrival of the trainer. They had been waiting for weeks for this combat course conducted by The Veteran. This is among a series of training seminars organised by The Queen for the orientation of new bees in the hive. The Veteran is an ex soldier bee and her reputation far precedes her. During the 2008 great bear attack, where an … [Read more...]