Do you have more than 1 alarm in your mobile phone?

BULLy the BEAR - dreams10

My student didn't turn up for lessons recently. It's a group session so the lessons went on as usual for the rest. A while later, he texted me, apologised and said that his alarm didn't ring and that's the first time in his life that it happened. It happened for me as well. Usually about once a year, I'll have screw-ups in my gadgets. I usually set alarms in my phone to wake me up in the … [Read more...]

My thoughts on Pre/Post Financial Independence schedule

I read B's post on pre and post financial independence (FI) schedule here. In it, he put in his planned timetable for pre and post FI. He also encouraged everyone to try it and have a little fun imagining what it'll be like upon reaching FI. I thought about it. I'm not reaching FI anytime soon, though I'm sure I'll certainly reach it one day. I'm a full time private tutor. People thought that … [Read more...]

Being frugal with your time

I was discussing some stuff with the finance gang, and we came up with the idea of being frugal. You know the usual stuff about being frugal with money, but there's also another less discussed but related topic - that of being frugal with one's time. First of all, my definition of being frugal is to be efficient and not be wasteful. The action you do must be aligned with your values. So the … [Read more...]

Not a great tech year for me

This year isn't a great tech year for me. First of all, my old trusty desktop broke down on me and I couldn't get it to start at all. I ended up spending about $800 upgrading the entire things. Thankfully my graphic card did work out in the end, and I probably deferred about another $200 to $300. Then, I dropped my handphone and the screen cracked into pieces. I'm usually very careful, and … [Read more...]

If you don’t work for it, you’ll pay for it

If there's a important lesson in life that we must learn, then one of them must be this: If you want to get what you didn't work for, you'll end up losing more than what you hope for. This important advice applies equally throughout different domains. I give a few examples: 1. If you want to get high returns without working hard for it by studying or researching deep into it, you'll get … [Read more...]

Just do it

I remembered the times when I grew up in a world without internet, youtube and (gasp!) google. If I want to find out about things, we have to listen to parents or teachers, whom we presume to know more about the world that we did. Either that, or we have to visit the library to search for the books and encyclopedias that are found there. They still are, just that these days with google, we tend to … [Read more...]

Frasers Centrepoint Limited bonds allocation table (part 4)

Bonds allocation for FCL is out. The allocation table is shown below for future reference: A few observations: 1. Everyone will get something because the balloting ratio is 1:1 2. A lot applied between 41 to 50 lots, including yours truly. 3. The allotment favours those who bid 25 lots and below. If you bid anything less than or equal to 25 lots, you get exactly what you want. Does it … [Read more...]

Fraser Centrepoint Limited 3.65% pa bond (part 3)

Someone asked me what the returns are like when FCL do an early redemption. The bond is widely published as having a maturity period of 7 yrs, but we have to be mindful of the possibility of early redemption. I wrote more about the details here. They have an interesting way of paying back the investor if they do an early redemption. The earliest optional redemption is on the 4th year, which is … [Read more...]

Fraser Centrepoint Limited 3.65% pa bond (part 2)


This is the second part of the Frasers Centrepoint Limited 3.65% pa bond. The first part is here. I managed to get a copy of the prospectus and read it. Hence, for ease of reading, I summarised the main points of the bonds again here, with some additional information: ------------------------------------------------------------- Duration: 7 years until 22nd May 2022.  Option for early … [Read more...]

Frasers Centrepoint Limited 3.65% pa, 7 yrs bonds

I was alerted to a facebook feed regarding this year's first retail bond launch. This is more exciting that the savings bonds thingy to me. Frasers Centrepoint Limited (FCL) is offering a bond, open to both retail and institutional investors. The terms of the bonds are as follows: Duration: 7 years Coupon yield: 3.65% Open for subscription: 13th May 2015, 9am Closing: 20th May 2015, 12 … [Read more...]

Why am I interested in personal finance?

I thought this is a more relevant question that we can answer for ourselves, instead of why other people are not interested in it. As personal finance bloggers, we tend to think that the people from the other side of the fence are not as enlightened, at least in financial matters, as us. I guess those who are not interested in such matters will likewise make similar stereotypical viewpoints … [Read more...]

The price and value of deprivation

Price is what you pay for and value is what you get. Usually this is applied for things that you purchase. But I guess it's equally applicable to things that we choose not to purchase. If we choose not to buy something for $10, then we would have saved that $10. That's the price we had saved. But did we also correspondingly lost $10 worth of value? Rationally, we should choose to deprive … [Read more...]

Is financial freedom a competition?

Recently, I saw this article that resonates deeply with me. It's about how we shouldn't be jumping from the corporate rat race to another unlikely race - that of financial freedom. It's interesting to think of financial freedom as a competitive sports. Not too long ago, there's this massive spontaneous competition, likely sparked by the Sunday Straits times section, where 'competitors' take … [Read more...]

Fooled by randomness?

I've ever seen a student who is delusional. When he gets right, he'll claim that he's smart and clever. Especially if he didn't put in the effort compared to those 'muggers' who studied all day and night but scored worse than him. When he gets it wrong, he'll blame circumstances (oh he's sick, the paper is too hard, he's studying for another subject etc). What I think is that he didn't study at … [Read more...]

The conversation between a caterpillar and a butterfly


Somtimes, the strangest tale comes from the inspiration of fellow bloggers. In this case, SMOL's post on butterflies got me thinking. I'll be the first to admit. This short story below is adapted from another book that I read.Emile the butterfly floated down to the Francis the caterpillar, who is her friend. But Francis didn't seem to recognise who the butterfly is. I mean, how could anyone blame … [Read more...]

Saying ‘I CAN’!

When I first started working as a full time tutor 10 years ago, I had many self limiting beliefs. Looking back now, it seems rather ridiculous that I had those beliefs, but I remembered that these beliefs were very real and very limiting to me at that point in time. Let me list down some of them: 1. No working during standard meal times I thought that I'm normal and I should have a normal … [Read more...]

You see what you want to believe


This picture is too important not to share it. A friend posted on facebook a long time ago and I was immediately struck by it. Once I recovered, I've saved it and kept it until I saw it recently again. The message behind the picture is as true now as before. I think I shouldn't spoil the reflection part for you. Different people will see touch different parts of the elephant. … [Read more...]

As strong as the obstacles we’re facing

When I was in army, I got a silver for IPPT, so I thought I'm very strong. Until I tried to do a pull up 15 years later and realised I couldn't even do one. And so I trained hard for the past few months and now I managed to do 6 perfect form pull ups, then I know that I am strong. Until I tried to do a dumb-bell lift for 10 kg, and realised that I couldn't do it properly and effortlessly. And … [Read more...]

To create a masterpiece


Michelangelo is a great sculptor. His great masterpiece is David, a sculpture of a person which is so lifelike that it amazes anyone who had glanced upon it. One day, he was asked about his great masterpiece and how he had managed to carve a lifeless rock into something that is so lifelike. He said this, "It's easy. All you have to do is to chip away everything that didn't look like … [Read more...]

To him whom you love to hate and hate to love

It hadn’t always been a smooth relationship. When I was young, I respected him as I would to any adult, especially one who so crucially shaped Singapore the way it is today. Back then, he was still the Prime Minister of Singapore and I remembered fondly the crowds that stood up and cheered loudly for him whenever he arrived on national day parade every year. I must be one of the last batches of … [Read more...]