Author: Something About Finance

Dollar and Cents of Renovating a House (Choosing Interior Designers and Contractors)

It has been a long while since my last post as I was away to France for a free and easy tour with my family which I will try to do a posting on it. Also, I am currently doing my renovation for my new apartment. I hope to share my experience for the renovation process so others could perhaps benefit from it and be able do a better budgeting with cost savings in mind. Before the renovation and short-listing of interior designers and contractors for our home, I have been religiously buying the Home and Decor magazines and...

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Parenthood Rebate for Self Employed

This has been a scheme that have been around for a few years but I did not really knew about it till I was browsing through the CPF website a few years back. This basically allows you to claim up to 3 days of parenthood child care leave from the government. We are granted 6 parenthood child care leave per annum but the government is only going to pay for 3 days. The awareness of this scheme is basically more applicable for those self employed. For those employed, your HR department will handle the claim. The limit you can...

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Beware of Leveraged and Representative Exchange Traded Funds

With the evolution of the ETFs  market, they now covered numerous products and varieties. You are able to go long or short and you are able to take a leverage position of up to 3X. There is even a Bitcoin ETF in the making. Most of the interesting ETFs are listed in the US markets whereby some are seriously just not suitable for the normal retail investors due to their structure. The advantages of the ETFs have been widely preached with empirical studies showing most fund managers are not able to out-beat the market. So a passive approach with lower management...

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Van Gogh The Life

Being one of the most famous impressionist artists of the 19th century, this book provide insights and depict in great details on the life of Van Gogh. He lived from 1853 to 1890 and die at a young age of 37. He is more of a loner from young and was never well liked. This biography touches on the special relationship between his younger brother and himself which indirectly led to his mental condition in the later stages of his life. He started selling art prints at his uncle’s art gallery and he only started seriously painting during his...

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Trader Notes 13th August 2013

The markets are seeing some sell off from the US side and generally we are still struck in a range bound market. This week there will be release of the retail sales and Producer Purchase Index data from the US . Indexes: STI likely to stay within the range of 3100-3280. For Dow Jones, we are looking at 15250-15500 levels for the moment. Currencies: Aud/Usd have surged above the 91 levels but it is still on a downtrend as it has not convincingly breach the 92.3 levels yet which is where the 60 days moving average is located. So...

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National Day Staycation

 My family have just recently came back from a staycation at Ritz Carlton. We have booked the room hoping to get a room with a view of the National Day Celebrations. However, it does comes with a premium and so we have to settled for the “Highway View”.  It can get pretty annoying in the night when u can hear the screeching sounds of the super cars on the road. I am one who seldom soak in the bathtub but at Ritz, it has a bathtub with a view and so who can resist :). We mainly hang around...

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Trader Notes 6 August 2013

The overall market seems to be stagnating and my view is that it is still on a range bound mode. Moreover, there are not much critical economical announcement coming out from the US markets this week. Indexes For the STI, it should be range bound between 3100- 3280 region. Dow Jones seems to be still on an uptrend after breaching the 15500 levels but the climb up had been very muted and don’t seem to have much conviction. Their resistance will be their recent high of 15650 and I am of the view it is likely to take a...

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Dollars and Cents of Repairing a Car

My current ride is coming to the 6 years mark and is starting to show problems due to wear and tear. I will just like to share my experience of repairing and replacing the different parts due to wear and tear through these past two months. For a start, I am driving a Toyota Altis 07 model. I have re-sprayed the car earlier this year and have changed the colour. Due to the sky high COE price, I am likely going to drive it all the way till this car’s COE expiry. Therefore, I guess this is a worthwhile investment to make...

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Sinopipe AGM and Experience with S Chips

I have recently went to the AGM of Sinopipe at Lion Industrial Building which is around Paya Lebar area. This counter is one of my “tuition fees” in the equity markets as like many other S-Chips, it is still suspended but at least they do come up with an AGM which I hope it would be a positive signal that it would not be a total write off. The other heavy “tuition fees” in my investment journey is the previous China Enersave which is now called YHM. With the huge dilution from the issue of new shares, it as...

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Art of the Trade

 This is a reprint of “Dancing with Lions” where the author was using an anonymous identity then in 1999. Basically, this book is more on the storytelling rather than teaching you how to trade. I believe the author is coming out of his anonymous identity because he is currently giving seminars to teach people how to trade :). This is an interesting read if you do not have much expectation as it depicts the life of a commodity broker which is something out of the movie “Boiler Room”. It reminds me of the days of the “White House” in...

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PRIMARY ONE REGISTRATION (UPDATE)

This is an update of the primary one registration status which I have written earlier here. We are so glad that we have managed to get in through Phase 2B without any ballot. Based on historical records, this was a “given” situation especially if you are staying within 1 km. However, this year the competition is intense and we almost have to go into ballot till someone finally withdraw at the last minute. Thou even if there is a ballot, the probability would be really high but we could end up being the few unlucky ones and we have...

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Lords Of Finance

I picked up this book from a bookstore in mid valley, Kuala Lumpur during one of our short getaways. Being an avid follower of financial history, I hope this book will be give me a better understanding of the causes for the Great Depression. The Lords that the book are referring to are mainly the central bankers of that era and they are Montagu Norman (U.K.), Benjamin Strong ( U.S.), Hjalmar Schacht (Germany) and Emile Moreau (France). During those days, they are still on a gold standard and so it restrict the flexibility they will have in implementing policies during extreme scenarios. Moreover, all the european major...

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