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Showing posts from August, 2025

Rambling of an uncle Part 1 - Racism is not okay especially when it came from a teacher

Dear all,   For the past few weeks, there was a school bullying case whereby a female student from a migrant family was been physically and verbally abused by three male classmates. Somehow, they were supposed to settle this after school with the parents of both sides being called in.  Somehow, one of the male students managed to get the number of the girl's mother, made multiple prank calls, and even left a death threat note to the mother. The incident escalated and the three male students were suspended. I think the one made the death threat call was caned in school. I think in a way justice is served.  I hope this will be a closure to the incident. I have incident with school bullying as well. Instead of student vs student, for my case it was a teacher bullying a student. In this case me. I cannot remember what her name was. She was a temporarily English teacher who was a race different from mine. By nature, she was not a pleasant person, loved to make nasty remar...

Dividends from SYFE Pimco and Trust Bank Account in August

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Dear all,  My Nikko AM fund had been approved almost immediately after my appointment with my wealth manager. A week past since then, I am surprise to learn in the afternoon that the amount I started my investment rise by 10%.  Last Saturday I received my SYFE dividend from Pimco. It went down from $97 in July to $89 in August 2025. It was a drop of close to 10% of the fund. Wasted no time, I emailed the platform. I did not expect an answer from SYFE as it was Singapore National Day holiday. The staff on the other end did a check and told me that the difference was due to 1 of the Pimco fund which only pay on a quarterly basis. It paid in July. Hence, there was a decline in the dividend payment in the month of Aug. Credit to the staff for the patient explanation. I will need to observe this trend going forward in order not to ask the same question.  For my Trust Bank Income Fund managed from Aberdeen, the dividend continue to go up over the past few months. As I placed mo...

Meeting with my wealth manager

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Dear all, The bank had assigned a wealth manager to me many months back. I am not wealth but the bank decided to assign one to all who has an account with the bank. No big deal really. it was till two weeks ago when the wealth manager called me out to have an appointment with me so that he can put up the high yield saving account for me.   I agreed to meet at the nearest bank branch. After a courtesy introduction, I had told me what I wanted and immediately I was introduced to one of the income fund almost immediately much to my surprise. It seems that he had done his homework and know where my interest is. I would be happy to go for a minimum amount each month and do ad-hoc top up as much as possible. However due to the bonus involved, I am to be commit to $300 per month investment over at least the next 10 years. I took up the offer and build up my fifth income fund. Depending on how things goes, off hand, my SYFE Pimco fund is still a priority build up to at least till $100...