feedburner
Enter your email address:

Delivered by FeedBurner

Selling Shares- To Increase Cash Buffer

Labels:

standingstillinthebustle The recent bad publicity regarding Breadtalk over comments that its HR manager allegedly made gave me an excuse to cash in my earnings in the stock and increase my cash buffer.

It has been a while since my bank account has 5 digits. I have been buying stocks and index funds whenever I can through the past few years. So when I sold my position in Breadtalk, it is to prepare a cash buffer to sit on and wait for opportunities.

At the same time, I am keeping more of a buffer as I embark on my next stage in life. If you read my profile, you will know that I have had quite a few career changes. For the next year, I will be embarking on a specialized masters course (certainly not an MBA). So I need to accumulate to pay the fees, which is over $10,000.

I am a believer in planning ahead before even taking the course. So I am ready with the money even though I am going to pay by installments. I want to have the cash so that I don’t have to sell more shares later if the market plunges. So I need to balance out some risks that I am taking.

My wife and me are believers in not keeping up with the Joneses. We don’t have a car, nor a maid, no condo, no club membership, no 32 inch LCD TV nor plasma TV.

Our badge of honor is that my wife has no LV handbags, we rather buy the stock/unit trust of the company. Or maybe my wife is giving me doublespeak? I must ask her.

Today, she and I were at Ikea to buy mattresses because a big group of her relatives and friends are coming over sometime in August this year. She wanted a cheapskate mattresses, I argued that we should get slightly better ones.

In the end, I won the argument over the mattress, but conceded to the cheapest mattress pad for the beds. We are both cheapskates :)

Her logic is that the relatives will be here for a few days only, so we do not have to spend much to get the best quality ones. My is just that I do not want the mattresses to fall apart after one year and have to go through the hassle to get another one.

We rather have more money to give to both sets of our parents and of course to increase our investments.

So you understand why we don’t have all the things and gadgets at the top. We buy stuff via unanimous agreement.

Have an enjoyable and fruitful week ahead.

Related Posts




Bookmark and Share


4 comments:
gravatar
Musicwhiz said...
April 26, 2010 at 2:34 AM  

Do you guys have kids? If yes, it's hard to avoid a maid. I used to do without a maid until my wife gave birth last year. Since then the maid's help has been invaluable - a small price to pay I feel.

As for the TV, erm you guys don't watch TV at all? I got my 32" at a very cheap $799.

Assuming you guys keep up such a simple lifestyle, you should be able to save >50% of your salaries every month....

gravatar
Dou said...
April 26, 2010 at 10:48 AM  

lol really save a lot of money through this. Cherish your wife..not easy to find a gal like that nowadays :P

gravatar
Lemizeraq said...
April 27, 2010 at 11:47 PM  

Hi Musicwhiz,

Yeah, I have a TV, the old type CRT kind. Its the same old TV since we moved in more than 5 years ago.

Significant other said only when it spoils can we get another.

Nope, we don't have a kid, so when and if we do, our expenses will go up. Will see if we can cope without a maid though.

Thanks for the visit.

Lemiz

gravatar
Lemizeraq said...
April 27, 2010 at 11:49 PM  

Hi Dou,

Thanks for visiting.

Money saved is never enough :) Ya, I appreciate my wife. Think hard to find someone like that, so quite lucky to have found her.

Lemiz

Post a Comment

Disclaimer

The information contained in this blog is prepared from data believed to be correct and reliable at the time of publication of this report. The authors do not make any guarantee or representation as to the adequacy, accuracy, completeness, reliability of the information contained herein. Neither the authors or any affiliates or related persons shall be liable for any consequences (direct or indirect losses, loss of profits and damages) of any
reliance placed on information provided in the blog.

Shares and financial instruments illustrated in this blog can go down sharply or in certain instruments suffer total loss on the initial investments. Investors are advised to make their own judgment on the information provided and consult their own financial advisors or consultants as to the suitability of the products illustrated to their particular financial needs and objectives before acting on any information contained herein in this blog.