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Reflections for year 2023

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2023 is a year which I have relented to the inevitable dealing with adversities. Sending my mother in and out of hospital had become a norm. Being a healthcare professional, I thought I could handle it single-handedly well enough, not until the point when my mother ceased to be fit enough to attend dementia day care that I came to the conclusion that I needed a helper. However, things took a steep downhill turn before I could hired one (counted myself lucky for it). My mother passed away in June, it was a relief for me and probably a relief for her as well. However, life is not meant to be smooth-riding. My mother did not leave behind a will, thus I have to apply for the Letters of Administration with the Court and as my sibling has mental disability, this led to some complexities which have yet to be resolved. Instead of hiring a lawyer, I decided to apply the LOA and MCA orders by myself through the Service Bureau. I am paying my time and convenience for it but that's fine as I

Weekend brain food IX

It's been a while since I have posted weekend brain food. I have been quite out of touch with investment theories and research as I was pretty caught up with work, sports and events.  This is an old draft... very old yes. My thoughts part is recent. Benjamin Graham vs. Jesse Livermore  - by A Wealth of Commonsense "In chapter 8, Graham introduces the story of Mr. Market as a way to illustrate the manic behavior of investors in the short-term. Chapter 20 covers the idea of margin of safety as a way to better understand risk management. Both chapters still hold up to this day despite the fact that the book was originally published in 1949." "You can still learn from legendary investors and traders. Market history can still help give you insights into potential risks. But markets change. Investors adapt. Rules are updated. Advantages slowly get arbitraged away . Strategies that outperformed in the past don’t work as well in the future once everyone knows about them. Th

Inflation pain

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Inflation is when Pepper Lunch stops giving complimentary soup, Korean dishes stops giving complimentary kimchi side dish, McChicken goes from $2 to $2.95 and to $3.25, and a 1-meat-2-vegs cai png now costs $6.50 (cos 三层肉 is considered special @$3). 😩 My $6.50 cai png which tasted meh Paying more is the trade-off for convenience. Buying stuff to cook at home would be cheaper. However, for a single person meal, it seems a waste of time, water and electricity. Food is about the only thing that made me feel inflation is overboard as the price increases are in double digit percentage. GST is going to hike to 9% next year, it's likely that we'll see another round of staples' price hike. Yikes! It's time to recalibrate my expectation on the prices of goods and services so that I won't feel so much pinch. It's also time for me to review my portfolio which is pretty much in red from the REIT price slump. With prices going up due to shortage of resources, it

Letters of Administration / Probate - DIY application

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It's been almost 2 months since my mum's passing. I have not had the mood to blog as there's simply too much for me to settle - both tangible and intangible stuff.  For the first month, there's like a void in my life that I couldn't get used to because I was so used to the daily routine of taking care of her. It felt like a boulder lifted off my shoulder, as I was near breaking point; but this boulder was not gone, instead it shifted to my heart. The passing was sudden but not unexpected. My mum's condition deteriorated rapidly after her last fall, which led to hospitalization, and every hospitalization made her more frail. On the last discharge she could barely sit up in bed. My mum  did not leave behind a will  because she did not see a need to at that time when she still had a clear state of mind. Without a will, I would need to apply for the Grant of Letters of Administration in order to administer her estates. (Note: If there's a will, one would need to

Success in life

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Different levels of our life and career Level 1 - Aimless You have no earthly idea what you're doing or where you're going. You have no direction. Level 2 - Stuck You can envision yourself doing better but can't seem to get out of a rut. You might work hard but experience very little progress. Level 3 - Coasting You are going through the motions. Your life is on cruise control. You do what you have to do to survive. Level 4 - Developing You are steadily growing. You've had incremental improvements over the past few years, and your relationships and career have excelled. Level 5 - Thriving You are operating in your sweet spot. You don't have to do anything. You get to do everything. Level 6 - Mastery You are doing so well that you're in a place to help others do the same. from  "Leveling up" by Ryan Leak I came across the above while browsing IG and it made me reflect on how success in life and career is defined. Which level am I at now? In my early 30s

Caring for beloved with dementia

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It can be stressful to care for dementia patient, especially when you don't know what to expect of their disease progression and how to tackle the problems that their change in behavior brings.  Dementia is a disease of regression of the whole being - from declining cognitive function, memory losses to declining mobility and difficulty eating. Therefore, dementia-proofing can be a gradual process and what need modifications in the house very much depend on the stage of dementia. I was quite lost on what to do when I first heard that my mom was diagnosed with dementia, but slowly I learnt to cope with it. Managing dementia In the initial stage, memory loss and forgetfulness is the main sign with no behavioral issue. So putting  up reminder / guide signages in the house, using whiteboard to cue To-dos, preparing medications in pill boxes (AM and PM separately) and setting reminder alarms are useful. Switch socket covers and childproof outlet plugs can be installed if the elderly like

T-bills and CPF Time Deposit

I saw this in the news today -  OCBC offers new option to customers to earn higher interest from CPF funds . For the first time in history I see " CPF Time Deposit " offered by a bank. (Technically speaking, CPF is like time deposit with the government. This is like time deposit outsourced, albeit for a very short period? ) Previously those who were eyeing "higher interest" (via external returns) on their OA accounts can only invest through CPFIS into T-bills and it may be a hassle to do so, except for DBS digibank customers who can do it via online. I wonder if other banks will soon follow suit to offer "CPF Time Deposit ". (Since people may be starting to run out of liquid funds for parking.)  DBS bank has an  article  about investing in T-bills and I think it rightly pointed this out:  "It is not as straightforward as you will need to work out the “breakeven” yields of T-bills for using CPF savings to ensure that you will not be in a worse off posi

Disclaimer:

The contents of this blog are author's personal opinions and do not constitute advice to hold, buy or sell any securities, commodities or assets mentioned. I do not guarantee the accuracy and reliability of any information provided, and shall not be liable for any losses incurred from reading my posts or using the materials herein. This blog may contain affiliate links to external sites.