My CEO Journey

I have recently purchased CapitaMall Asia (CMA) 3.8% bond at $1.003. The price of this bond has since increased. Frasers Centrepoint Limited bond is currently trading below par at $0.982, and I am wondering if it is a better buy than CMA. My philosophy of buying bonds is to hold till maturity whenever I can, as such, this comparison between CMA bonds and FCL bonds assume that they are held to maturity. Like CMA 3.8% bond, FCL 3.65% bond also have an optional redemption date. However, for the FCL bond, if it were to be redeemed earlier than May 2022, the bond will be redeemed above par. La Papillon from BullytheBear blog gave good details about this bond which can be found here . Since the coupon dates for CMA 3.8% are in January and July, while the coupon payment dates for FCL 3.65% are in May and November, I simplified my comparison, by looking at January and July periods. Hence, the January period, would mean that the FCL bond had paid the previous November coupon, and CMA

Manufortune from Manulife My partner's mother was given a  brochure   on the endowment plan called Manufortune, by Manulife when she went to the bank to withdraw money to put some money into another bank's fixed deposit. She was interested to find out whether this endowment plan from Manulife is worth investing in. More details on ManuFortune can be found  here . Disclaimer: I am not a financially savvy person, so what I'm going to write is based on what I deduce from my limited research and reading. This may not be an accurate account of the real scenario, and you are to exercise your own judgement on whether you agree with what I have written. I won't be held liable for any inaccuracies or omissions (see also my disclaimer at the end of the blog). This article also only expresses my opinion, and I am not encouraging or discouraging the buying of any product in this blog. ManuFortune Brochure About ManuFortune from Manulife According to the broch

I used to think that shares and bond prices should have an inverse relationship. However, it seems that it's not true for now. With share prices are dropping (with the STI dropping below 2600 points today), I see that 2 of the 3 retail bonds I hold are now trading below par. I hold CMA 3.8%, FCL 3.65% and CMT 3.08% bonds. CMA is trading at one of the lowest price now since it was listed, and both CMT 3.08% and FCL 3.65% bonds are trading below par. Well, I am wondering is it due to poor market sentiments (like the shares in general), or is it due to an expected rise in interest rate (hence making current bond yield less attractive), or it could be since the market is down now, people are trading the bonds for higher yield items, such as stocks! With these 3 bonds' prices going down, as long as the companies can still pay me the interests, and pay me back what I put in at maturity, I have no qualms about their trading price, since I intend to hold them to maturity.