Author: BULLy the BEAR

The Animal School

Thanks to sillyinvestor for egging me on to write something in my blog. Been a busy June for me and I’m still recuperating lol! But here’s a very good story inspired by an article I read recently here. It’s a very good article but also a sad one for me. I’m not sure why though. It’s like something is lost and yet nobody knows it. Imagine losing a precious thing to you, but you didn’t notice it because you had forgotten the thing was once precious to you. It’s a doubly sort of loss. Here’s the Animal School by...

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Bullish / Bearish divergence

I thought I’ll never write another article on technical analysis again. But here I go again. I trade on divergence, so it’s a counter trend trading, if you want to classify which school of TA I’m into. Divergence means that there is a pair of things moving in opposite direction. One of the pair is invariably the price of the counter. The other pair could be any indicator, but the one I’m using is MACD histogram. Bullish divergence happens when the price reached a lower low but the indicator reached a higher low. It’s easier to explain this with...

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Are we there yet?

Having read Kyith’s post here and 15hww’s post here about financial security, I thought I should try it out for myself and see the necessary figures needed to reach financial independence. It’s not so much as a fixed set of goal to reach by certain age, but more like a milestone or achievement kind of thing. It’s like you play games and when you collect 999 of each items, or you pass through each stages of the games without losing any health, you get an achievement medal. Gamify the journey, if you will. So the first thing is to...

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It’s good to be inefficient

We always try our best to optimise things and make things more efficient. Even in finance, to optimise is to eliminate waste and to streamline all the financial process to produce the least waste and maximise the most returns. But we don’t always have to be like that. Inefficiency creates redundancies. It creates a space where there are excess capacities that can be tapped when the norm is changed, sometimes drastically so. Take for example our local MRT transportation system. Before the NEL is up, I fondly remembered that there are buses ferrying passengers from the north-eastern part of...

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Your 3 buckets of time

Each day there are 24 hours, no more no less. There are 7 days in a week too, so in total, there are 24 x 7 = 168 hours per week. If we divide 168 hours into 3 buckets of ‘time’, we will have 56 hours in one bucket, with a total of 3 such buckets. Let’s look at the first red bucket. This is meant for sleep. If we have 8 hours of sleep per day over 7 days, we’ll need 8 x 7 = 56  hours. This is exactly the number of hours we have in each...

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Triangle of success

I am reading this book by Neil Parischa, called the ‘Happiness Equation’. I’m about 25% done and I thought it was a brilliant book – brilliant enough to share some of the stuff here. One of the interesting things I’ve read in the book is the concept about success. Any kind of success. It’s really a triangle formula depicting the elements of success. Sales success is about sales. Able to sell multiple copies if you’re selling something. Able to get promoted if you’re talking about career. I think this is what we see as tangible results based on common...

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Half year review 2016

I had a very productive half year 2016. From the 1st Jan, I had already started the year running. With the most heartfelt gratitude towards my ex-students and those parents who recommended friends to me, I spent very little time catching up on my income to bring it near to where I had left it last year. As a private tutor, every year I will have a mini ‘retrenchment’ exercise, where the graduating students leave and a new batch of students come in to take their place. It’s the time waiting between the leaving and the coming that is...

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3 simple steps to start stock investing

I seldom have guest post in my blog. In fact, almost never. But since I’m using Investingnote as my preferred charting platform and Evan who is our guest writer below is from Investingnote, I don’t mind sharing this space with him. ——————————————————————————— In a previous article titled ‘5 reasons why stock investing is so difficult to start’, I’ve mentioned the reasons that often become excuses, serving as inhibitions to the journey of stock investing. Many people have asked me how to address these reasons and the answer is simple: confidence. However, not many people notice that it is their...

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How I reduce counterparty risk in my work

I was reading Investment moat’s article on recent soilbuild’s issuance of writ of summons to Technics Oil & Gas Limited. Soilbuild is seeking to claim back about $2 mil in rent plus an additional $12 mil in deposit for the second year of rent, with interest owed during the period where they didn’t pay the rent. Counter party risk is hard to account for, but it’s something we need to pay attention to in the real world. As a private tutor, I have to deal with counter party risk as well. When I was a newbie in my first...

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Hyflux 6% perpetual securities

This morning, I was quite excited to receive news of another retail bond. This time it’s from Hyflux. The last they did that was in 2011 and I made a 4 part series on preference shares here. Back then, they are issuing 6% cumulative, non-convertible, non-voting and perpetual preference shares. This time, this issue seems more like perpetual shares than bonds. The difference is not significant though, given that it’s a perp, so there is no maturity date even though there is a optional but not obligated redeemable date. Terms of the security  The terms of the perps is...

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Finding meaning in your suffering

Read the 4 paragraphs below and notice how you feel: You work everyday until you cannot work anymore. Everyday you are suffering but you do not know why. You work everyday until you cannot work anymore. Everyday you are suffering so that you can earn enough money. You work everyday until you cannot work anymore. Everyday you are suffering so that you can earn enough money so that your family can have their 3 meals a day and a roof over their heads. You work everyday until you cannot work anymore. Everyday you are working purposefully to achieve your...

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Bigscribe’s localized Crowdfunding guide

Bigscribe recently released a guide on crowdfunding which I thought was a very good introduction to this new fintech phenomenon. I don’t think there’s any guide out there that caters to the local context and introduces crowdfunding to Singapore’s retail investors or lenders. You know how the internet disrupted existing framework when Uber started connecting passengers and drivers and bypassed the traditional method of getting a taxi. Well, in a way, crowdfunding seeks to connect investors or lenders to companies and bypass the traditional framework in which such things work. I will highly suggest anyone who wishes to even...

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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% bond. Last close price of 3yr4.65% bond: $1.012 Par value of bond : $1.000 Capital loss from buying above par: $0.012 Total no of coupon...

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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 let’s just put down the two most important ones: 1. How to get the most out of a rights exercise 2. How to...

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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 where there’s no obvious dateline. This is where the panic monster do not appear. A good example is like exercising or eating a healthy diet. There’s...

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