Day 1 & 2 : CingJing - Visit Old London, Carton King and Swiss Garden

Read? Day 1 & 2 : CingJing - Visit Green Green Grassland


Old England

Carton King

We took our lunch at Carton King to get free entrance ticket to Swiss Garden.

 

 

 

 

Hot pot mixed seafood and Little Lamb chop which was really good that we went back to eat Little Lamb chop for dinner and made sure we really ate enough of it. LOL!

 

 

Swiss Garden

 

 



Day 1 & 2 : CingJing - Visit Green Green Grassland

Read? Day 1 & 2 : CingJing


Once we have completed the registration for check-in, the Minsu's owner quickly suggested that he would drive us to Green Green Grassland.

Green Green Grassland at CingJing

Our lunch at CingJing: BBQ mountain chicken, hot bamboo shoot soup, fried mountain cabbage, and mountain lamb sausage.

That all for Day 1!

Day 1 & 2 : CingJing

Read? On Blog Leave : 25 Jan 16 to 1 Feb 16

Arrived at Taoyuan International Airport at about 6 am and finally reached CingJing's mingsu at about 12 pm. It was close to 6 hours of travelling by bus, HSR and bus.

Airport shuttle bus  from Taoyuan T1 to Taoyuan HSR station : NT30 per pax

Taoyuan HSR station to Taichung HSR station : NT549 per pax (Allocated seat number)

Shuttle bus from Taichung HSR station to CingJing : NT249 per pax


Uncle8888 stayed at Spring Ground Minsu. It is just a few minutes walk from the nearest shuttle bus stop to the minsu; but one advice for those who are not into climbing steep stairs up the hill, it is better to avoid this minsu or pre-arranged for those units near the minsu's main lobby. 

Three good climbs for Uncle8888 but just two for Auntie8888 as she waited at the minsu's base level for minsu's transport to pick up our luggage during check-out. :-)

This minsu also provides transport drop off and pick up at CingJing's attractions like Green Green Grassland and Swiss Garden. You just need to inform the minsu where and when you like to visit. Once you are happy to leave that place, you just call up the minsu to pick you up at the same drop off point.

 

 
 
 
 

When We Are Very Sick We May Have That Feeling of Entitlement that PAP Govt Owes Us Something! (2)

Read? When We Are Very Sick We May Have That Feeling of Entitlement that PAP Govt Owes Us Something!

With proper financial planning, assets and portfolio management, can we build up our own Medical & Health Care Self-Funding before we retire from our active employment?

This self funding is like Pay Per Use till exhaustion rather than Pre-Payment with limited Usage and may be potentially under-usage like many of us for our mobile plans.  

Not Bear Yet But Already Feel That Assets Value Impact!

STI @ 2,577

Wealth = Assets Value + Cash Flow!


Assets Value has been badly impacted; but Cash Flow still look quite okay. Still have enough for survival!

 

When We Are Very Sick We May Have That Feeling of Entitlement that PAP Govt Owes Us Something!

WTF! Wait so long! So crowded! Not same doctor har!

 

One Lesson Learnt After Looking Back At The Past 16 Years Records In Long-term Investing and Short-term Trading.

For small retail investor like Uncle8888 who has a full-time job to take care and his earned income is enough to feed his family of five member as single household income. It is tight but manageable!

He has learned one lesson after looking back at his past 16 years records in long-term investing and short-term trading. It is better NOT to speculate in the stock market for monthly or daily cash flow. 

Trading for a living is a full-time job. Are we financially off better in trading for living or working for a living? 

We should be true and honest to ourselves after we have tried our hands on it.

Golar LNG and Schlumberger sign Memorandum of Understanding

Published: 15:29 CET 22-01-2016 /GlobeNewswire /Source: Golar LNG / : GOL /ISIN: BMG9456A1009 

Golar LNG and Schlumberger sign Memorandum of Understanding

Golar LNG today announced that it has signed a Memorandum of Understanding with Schlumberger to co-operate on the global development of greenfield, brownfield and stranded gas reserves. 

Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas monetization solutions to owners, investors and governments. Golar will contribute the Floating LNG assets and technology while Schlumberger, via its special project management division, will provide upstream development knowledge, resources and capital.  The intention of this integrated offer is to gain access to a wide range of uneconomic gas reserves by delivering low-cost LNG production solutions.

This is a ground breaking agreement that will provide resource holders with a completely integrated package both reducing risk and securing financing for gas projects. The main aim of the venture is to accelerated the time it takes to bring proven gas reserves into production.

Both parties have initiated their activities and have already made solid progress expecting to announce the first project within the next two months.

Kep Corp is a conglomerate!

Some people tend to forget that Kep Corp is a conglomerate and not a pure O &G player so it is extremely difficult to analyze its future and transformation!


What did you see?

RayNg22 January 2016 at 20:53:00 GMT+8

CW, seen you invested in KepCorp >15 years, how does it's SBU fit into BCG matrix?

1. Star
2. Cash Cow
3. Question mark
4. Dog



What can we see from the PAST and make some guess into its FUTURE?


It is quite clear. Right?

 

How about Cash Cow?

Why does Kep Corp choose to return dividends in specie for former K-Green and K-REIT to its shareholders and not keeping cash cow for itself?

Probably two reasons:

(1) Let shareholders themselves to decide to continue to get small regular milk or one-off small meat

(2) Avoid pumping in more capital to feed these cash thirst BUs.


 Back to (1)

How much more pro-rated dividends does royal shareholder get from ex K-Green and K-REIT on top of dividends from Kep Corp?

ex-K-Green (2010 to 2015) : $0.15
Kep Corp (2010 to 2015): $2.89

+ 5.2% more


K-REIT (2013 to 2015) : $0.056

Kep Corp (2013 to 2015): $1.32

+ 4.3% more


 

Kep Corp : Entries/Exits. That Will Shape Our Own Investing Experience!

Hi Uncle,

Been following your blog for a while and noted that you have investments in Keppel and Sembcorp. Recent news is that Sete Brasil may be filing for bankruptcy, if true, that will really affect both companies.

What are your views and are you still holding onto shares of both companies? 

 

 

The PAST is NOT the PRESENT. The PRESENT is NOT the FUTURE.

 

Read? Kep Corp : Bought @ $9.64 for Round 95

Entries/Exits. That will shape our own investing experience over long run and likely we will make decisions based on that experience. Good or bad feeling! So we are biased based on that feeling. Right?

 

 

On Blog Leave : 25 Jan 16 to 1 Feb 16

 

Read? Exploring Taiwan for Round 2 - Cingjing, Sun Moon Lae, Xitou, Taichung and Taipei

Financial Independence 2.0 : Moving Away From Just Dividend Income!

 Read? Depending On Your Dividends in the Land of Financial Independence For Small Retail Investor?

 Learning from wise men of the past
” If you have a worry problem, do these three things:
1. Ask yourself: “What is the worst that can possibly happen?”
2. Prepare to accept it if you have to.
3. Then calmly proceed to improve on the worst.”

 (Carnegie 49)

Newton said: "If I have seen further it is by standing on the shoulders of giants."



When companies started cutting dividends during crisis to save themselves; and what if the cut is even worse than our most conservative estimate. It may seriously impact our desired level of "passive" income in the Land of Financial Independence.  



We need Plan B!

Depending On Your Dividends in the Land of Financial Independence For Small Retail Investor?

With Kep Corp cutting its FY 15 dividend to 34 cts instead of market expectation of at least 40 cts. This is a good reminder to Uncle8888 on the importance of strengthening his Tap 1 in his Three Taps Solution for Sustainable Retirement Income for Life.


Can we as small retail investors seriously depend on dividends as bulk of our "passive" income in the Land of Financial Independence?


For Tap 3 cash flow, Uncle8888 has downsized the cash flow on his two top holdings in view of more uncertainty in the next two years as follows:

Kep Corp's dividend to 30 cts in 2016,  28 cts in 2017 and 2018 

Semb Corp's dividend to 10 cts in 2016, 8 cts in 2017 and 2018


Revised Cash Flow for Tap 1 (Interests) and Tap 3 (Just on Dividend Income)