Apr 5, 2020

Cory Diary : Preparation of a life time

It has been many years Cory has been preparing from being retired. Don't get me wrong, I am yet to be retired and I am not that old. However, team development is catching up with me and my passion has been waning recently. The Covid-19 makes management worries and company decided finally to promote one of my senior staff who has been working for me for 18 years to management position. Her promotion is not easy because I have been spending time coaching a few whom declined. I hope they are just being humble.

With this move, I will also be taking some new learning of another group of colleagues who recently lose their manager through attrition. This is in-addition with multi-tasking to help the new manager. I need to spend time to convince her that there is nothing to worry because I will support her as long I could. And it is better for everyone that she has time to take on the role while I am still around collecting money happily. Why I say that is because if the business get whacked or there is business rationalization, I could be on the chopping board, and the team could be impacted.

However, to myself every time I think about such possibilities there is a little unease as well. The sense of suddenly losing monthly income and bonuses. The beautiful constantly increasing Net Worth. The insecurity. This reminds me of why people chasing to buy toilet paper. We cannot change others easily but we can change ourselves. So when the time come, if I am to fall into desperation, I have no one to blame but myself but I aren't going to compete with others to buy toilet paper !

Daughters teach me that life is more than money. I probably bought 10 boxes of Pampers for the elder alone in case the market starts chasing for supply. This are non-perishable items and my thinking is that this is something which I could control and not spoiling the market if I get them before there is any crunch. There aren't so far and unlikely will. But as a father cannot do without Pampers and Milk Powders, I do not want to take the risk fighting over it with others. Neither do I want to be behind the horde just to get a pamper home. So this is the only two items I technically "hoarded" for my kids. Frankly, they use up pretty quick to my surprise. And maybe this also help to send signals early down the supply chain on the needs for greater supply buffers. Talking about vested interests.... that's how we push for more supplies.

So how is my dividend investment plan going ? Last year achieved almost $53k annual dividends. This higher figure is unplanned. Some amount due to the mergers and cash-out from rights issue. For current portfolio, to-date theoretical max $56k. The DPU compute is before Covid-19 so there will be cut however the believe is when this is over the DPU may returns in time. About 70% warchest left to play with which potentially due to this crisis to allow higher target than original allowed by another 30% to 45% more with current market condition. This will still leaves me with ample cash for loan payment for 6 to 7 years parked in SSB and FD mainly. I could reduce this amount but prefer not as it can also be used to pay down loan if needed. We never knows how the markets will move as time goes.

One thing for sure, every month I worked, the better my buffer. If I could hit year end bonus, that will be awesome. I know is annual event. I always appreciate that. Never takes good things for granted.



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