The Unnecessary Job

This is not going to be one of those insipid articles telling you to pursue your passion after you FI. Or to warn you about the perils of the paralyzing boredom. Oh please no. You know, because I understand perfectly that we are all wired differently, and not every one has a calling to save dolphins, write novels, build schools in Cambodia, start a music band, etc. Some of us simply have no (great) passion for anything in particular. Like ASSI, i reckon my retirement would consist mostly of MMORPG-ing and trying out yet another build in Skyrim (only to end up as a stealth archer yet again). It is worth repeating that, no matter how fervent one's passion might be, if you have to do it five times a week, 8 hours a day, you'd tire of it soon enough. All a job does is to kill whatever passion you might have once held for that type of work. But nuff said about jobs. Summary: Jobs are bad. Sloth is good. But yet, it seems that the modern society will always require one to hol

Oh how suddenly the mood has turned. Around one month ago, I had contemplated selling DBS . Before you know it, the window has closed and the tide has turned. I am still up around 11% including the dividends, so it is not entirely doom and gloom. If DBS sinks further below the $24 mark, it might be a chance to accumulate more. The $24 mark is where DBS's $1.20 per share yield makes it a 5% yielding local SG bank. And history suggests that such occurrences are rare and one should never squander opportunities like these (thanks Trump!) to improve portfolio resilience. Then again, you can never predict how much further Trump will take this trade war.  And whether the STI will end up looking like King's Landing after the Dragon Queen's wrath. Like Jon Snow, i know absolutely nothing. So do your own due diligence. Onward to FI!  

FCOT released results late April, which appears to be a mixed bag. The share price has been dented slightly, retreating below its 1.5+ level, and also partly due to the share going XD. THE BAD : 1) Microsoft is preterminating its lease at ATP 2 years  ahead of the original expiry date. The microsoft lease is 3.1% of gross rental income of FCOT. 2) The limp AUD continues to be a revenue drag for its Australian properties. FCOT has three AU properties, which represents around 50% of FCOT's NPI. See factsheet here. 3) FCOT 2QFY19 NPI decreased 10% from 22M to 20M compared to same period last year. The biggest contributor of the drop is ATP, whose NPI dropped 26% from 6.3M to 4.7M in the same period. 4) FCOT maintained a 2.4cents a share payout, which amounted to a total dividend payout of 21.6M, which exceeded the NPI for that period. This means that the payout comprised a capital distribution component. Ewwww . It is preferred for managers to recycle capital to boost port