I'm Unemployed!!!! For a day that is.

Yo !


Ah Boy is finally "UMEMPLOYED" !! Funny leh , unemployed and yet i'm so happy.... i know what you must be thinking... this ah boy siao liao ah? For me , being unemployed is one of the happiest thing that has happened to me , because i've finally graduated from my studies!!

Damn , after endless nights of nightmares , i finally turn from full time student to .... unemployed.

Well for my off day , i decided to KLKK ( Hokkien for walking around ). An acquaintance alerted me to a news article a while back in the papers , with a portfolio shown every week done up by CFA professionals as part of a moneysense initiative , a short 2 hour seminar will be held every 2 monthsor so ba. I also managed to meet up with my accountant , to settle tax issues (Remember to file your taxes soon ah! ) and also to do a bit of business reorganisation as part of my portfolio review.


For the most part , the seminar focused on enforcing or rather instilling the discipline that young investors would probably need and also emphasized that regular portfolio reviews are required no matter what stage of life you're at as the markets are always moving!

Moreover one of the Qns posed during the Q&A session made me think a bit more.... would buying preferential shares = buying a bond ? In fact i think buying pref shares might be a bit more "bang for the buck " especially in Singapore where the major list co.s with links to Txxxxxxx would be similar to a AAA Bond?  Also it provides for more liquidity and maybe a smaller capital outlay and be more accessible to the regular retail young investor as compared to maybe the Singapore Savings Bond (SSB) or other SGS bonds??



Please feel free to comment and air your views in the comments below.


Cheers
Ken  


Location: Singapore

Comments

  1. caifanmanFebruary 23, 2016 at 10:06 PM

    If preferred shares have no option to be converted to ordinary shares, they become the same as bonds. Yet, in case of liquidation, they rank lower than bonds. For me, I think preferred shares get the worst of both worlds.

    ReplyDelete
    Replies
    1. KenMarch 2, 2016 at 4:40 AM

      I see! But at the end of the day i guess it is up to the individual investor to determine where his or her comfort zone is and whether bonds (Govt backed) / Corp bonds / SSBs / Pref shares / Ordinary shares are within their expectations and whether the risk vs the reward is worth it for them.

      Cheers
      Ah Boy

      Delete
    2. caifanmanMarch 2, 2016 at 7:49 AM

      Definitely agree.

      Delete
  2. la papillionFebruary 24, 2016 at 9:56 AM

    Hey, congrats on getting past this milestone in life :)

    I had quite a bit of pref shares because I bought it for my parents retirement funds. I like the stability of the issuer (I only bought those issued by banks). The only issue then is that there is no enough of them, as they kept redeeming it back after the first call date. The other thing is that there's no maturity date unlike a proper bond, so there might be a possibility of u cashing in before maturity and taking risk for the price offered at that point in time.

    ReplyDelete
    Replies
    1. KenMarch 2, 2016 at 4:42 AM

      Yea ..... ya lor... the banks always redeem it back after the 1st call date lol.... and yes there is the possibility of getting squeezed by Mr Market like an orange.....

      I'm giving it some thought though.... maybe Mr Market is kind enough to point me in the direction of some nice to chew pref. shares kekeke

      Cheers
      Ken

      Delete
    2. KenMarch 2, 2016 at 4:43 AM

      Ps. Kam siah :) Finally am spared the ordeal of waking up at sunrise.... but not for long... NS is looming

      Delete

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