Tuesday, 29 November 2011

Vacation Leave - 3 dec to 17 dec

Dear readers,

I be going overseas for splurging trip :)

Any recommended, must visit place in Taiwan?

See you in few weeks time.

Monday, 28 November 2011

Interesting Question - Describe your job in a few words

I came across this interesting question "Describe your job in a few words".

If you can summarize your job in a few words, it will tell you more things about your job.

Let me start the ball rolling.

For me, it is "Everyday is draft email/paper, bounce through and fro through many upper level for clearance, in the end what you had wrote earlier is totally different from the final product. Zero worth and zero satisfaction, just work for money."

What about yours?

Friday, 25 November 2011

Running out of juice

It been a week since I last posted.

Been running of ideas on what to write for my blog. Does all bloggers have the same difficulty of running out of stuffs to write?

Dear readers, do you have any suggestions on what topics I can write for my blog?

By the way, I broke my "kiam Sapness" over so many years. The past two phones which I bought are $0 and $48 respectively and I always choose the cheapest plan available. I also refuse to get 3G plans because I don't want to end up like other people in MRT where everyone is frantically poking their phones every single second.  

Sadly, I went over to the dark side yesterday.

I had bought a new phone LG Optimus 2X at the cost of $88 and change my current plan of Ioneplus to 3G flexi Lite. My bill will increase by around $11 per month after this! I will be further from my financial goals by $11 per month!

However, I should also thank Standard Chartered Bank for sponsoring $80 for my phone. Thanks!

Tuesday, 15 November 2011

LMIR 15 Nov 2011

LMIR mother shares at closing: $0.365
LMIR rights at closing: $0.026

Estimated post-rights yield: $0.0326
Mother shares CD: $0.0106 (xd will appear tomorrow on 16 Nov 2011)

By doing a simple calculation, (0.365-0.0106)-(0.31+0.026) =  0.0184.

It is actually more worth it to get the right shares instead. (Of course this exclude transaction cost.)

The interesting thing will come tomorrow where mother share goes xd.

Theoretically, mother share will become 0.365-0.0106 = 0.3544 (most of the time, the price will drop more than divy, thus I guess it will become lower to around 0.345)

How will the right share react?

Disclaimer: The below is solely my guess.
If mother share drop by 1 cent, will right share drop even more? The lowest today is 0.02. My guess it might drop below 0.02. If it hit 0.016, the yield will become 10%. I believe this is a magic point where many will whack at this price. A support? Likely.  If it drop much lower than that, it would be a bonus for those who want to acquire this share cheaply.

Will we reach 0.001? Let's wait and see tomorrow.

My action:
I am a current shareholder.

If mother share did not drop below 0.31, i will pay for my rights and apply excess.
If mother share drop below 0.31, I will buy mother shares instead.

As for the rights, I am not sure if I will go and purchase rights even if it hit 0.016 as I do not want to disobey my rule of investment where the % for any stock should not be more than certain %. 

Tuesday, 8 November 2011

Important dates for Lippomall rights

Sunday, 6 November 2011

月光族 or 发薪日光光族?

There are people who are 月光族.

For me, I am very poor on the immediate day of my pay check! 发薪日光光族?

On the immediate night of my pay day every month, I would:
  • Transfer around 60-65% of my pay to my Joint account and personal saving account for investment and saving - pay myself first.
  • Give 15% to parents as allowance.
  • Take out a sum of few hundreds cash as food expense and put in cupboard.- this would be my pure food expenditure in hawkers, coffee shops, ntuc groceries for the months. Amount taken out would be dependent on how much I had left from last month.
  • The rest will remains in daily account for stuffs like occasional credit card spending for entertainment, utilities, singtel, conservatory charges etc. 
Thus effectively, 80% of my pay is gone on the immediate day of my pay. Even if I want to overspend also cannot.

I live a poor but happy life! Delay Gratification!

I am 发薪日光光族.

Are you 月光族 or 发薪日光光族?

(sometimes I wonder how great would it be if I can be like my siblings, earned at least double my earned income but yet either don't give parents money or delay very long then give a bit and refuse to offer their place for my parents to stay. I would be able to save much more and reach my FF goal faster. I am just stupid. )

Wednesday, 2 November 2011

For sharing: SDIC


In the event a DI Scheme member fails, all insured deposits placed with that member, except for deposits under the CPF Investment Scheme and CPF Minimum Sum Scheme, are aggregated and insured up to S$50,000. If you are a sole proprietor, your personal eligible accounts will be aggregated with the eligible accounts of your sole proprietorship(s). Trust and client accounts held by non-bank depositors are insured up to S$50,000 per account, without aggregation.

Deposits are not insured separately in each branch office of a DI Scheme member i.e. all your eligible accounts maintained with different branches of a DI Scheme member are aggregated and insured up to S$50,000.

Moneys and deposits under the CPF Investment Scheme (CPFIS) and CPF Minimum Sum Scheme (CPFMS) are aggregated and separately insured up to S$50,000.

In summary, it is 50k per bank per name. 

If you have 80k in bank A as joint account with your spouse and you also have 20k in bank A by youself while your spouse has 5k in her account.

Amt considered under your name: 80k/2 + 20k =60k. Thus you are insured with 50k but the remaining 10 k is not insured. For your spouse, the full amount is insured because 80k/2 + 5k = 45k <50k.

If you have also placed S$70,000 of your CPF monies in a fixed deposit under the CPFIS, you are insured with 50k but the remaining 20k is not insured.

Thus, moral of the story, spread your money in different bank and make sure you have max 50k per bank per name.

But as personal opinion, I think local SG banks such as DBS, UOB and OCBC should be safe. I won't not mind put more than 50k in these bank. However, for bank such as CIMB, Maybank, Citi etc, I will aim for 50k per name.

In the event that DBS, UOB and OCBC really die, I cannot imagine what will happen to Singapore then....

By the way, for those who is interested, CIMB starsaver give you 0.8% per annum, not bad as compared to 0.05% of DBS. However, the best choice is put your money in CDP to generate passive income from equity/fixed incomes :)