Friday, July 27, 2018

Some Updates So Far

I just wanted to document a few updates so far that are happening right now.

I tendered my resignation from my current company which I’ve been working for 6 years now to take on a new role outside the Group. The decision has not been easy to make mostly due to the great knit connection I have with some of the people there. Over the years, we’ve been bonded and through a lot and many of our lives activities surround the same group of people that I spent much time with.

Still, I thought if there was a day I would leave my current organization it would be during this period. Obviously, there are certain things that I cannot say too much here but I think the time is ripe. Apart from the social companion, there’s nothing else in the company that would allow me to progress further.



Am I Retiring Yet?

I played some naughty thoughts in my mind and was contemplating close on this but there’s two years more to go since the very first day I started this whole FI objective thing and I wanted to close in on that promise.

I left to join another corporation which is one of the biggest company in Singapore by market cap which I think would expand my horizon further. Being in this new industry, I think it’ll also help in my investment checklist in the future learning more on this industry which is a very important one.

I'm pretty sure though that this will be the last leg towards my drive to corporate working. A few years from now will see me either going downhill or scaling down to freelance or part time work because age is also catching up and I want to make the best of my time.

What Does It Mean For This Blog?

For a start, I’ll be extremely busy for the first 3 months since it’s quarterly reporting season and also budgeting season so I probably will stop writing for a while to focus on my new role.

There might also be some regulatory restriction on writing my personal opinion on company prospecting so this is something I will also have to clarify with my new employer.

One thing that’s almost sure is I will definitely almost scale down on my public appearance with this new role until I get the above approval sorted out but it won’t be fast. First thing first, I think i will need time to settle down in the new company.

What Happen To My Investment?

It’ll be a lot more passive now than ever.

I am still not a big fan of investing in index so it’ll continue to be a combination of equities and reits and the strategy employed will continue to be dividend investing.

My portfolio doesn’t have a lot of companies so it’ll be easy to follow their development with just a few companies which I am already rather familiar with.

I am still cautiously optimistic the portfolio will reach its objective by the end of this year so pillow stocks pillow strategy remains.

That’s about the updates I have right now so meanwhile happy weekend ahead!


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20 comments:

  1. Hi B,

    Love what you do and you will succeed!
    Financial freedom is not just about the freeing yourself from the life as a corporate slave, but also the freedom to choose what you want to do moving forward and what interests you.

    Focus on what is important to you. All the best!

    ReplyDelete
    Replies
    1. Hi INTJ

      Indeed that will be the focus in the next 3 to 5 tears until I get all my finances sorted out in the next few years on the road to stability haha

      Delete
  2. so ....CFO of which large cap company are you at now? =)

    ReplyDelete
    Replies
    1. Hi FC

      Haha no la just a small potato as always :D

      Delete
  3. Have a great time and career, sometime the shorter runway means we cherish every moment of it.

    I think u give away many clues.

    Initially I thought singtel, but singtel wouldnt care a hoot if u are blogging ...

    So...

    ReplyDelete
    Replies
    1. Hi SI

      Haha wasn’t expecting its that obvious.

      Given my big 4 background in the past I have a lot of affiliates with companies like singtel so even in the past have to declare positions in singtel if vested... troublesome.

      Delete
  4. Sounds like a great move B - always hard to leave a group of people you like, but you've got to take these opportunities when they come along!

    Hope to hear more about it if / when the right time comes!

    Cheers, Frankie

    ReplyDelete
    Replies
    1. Hi Frankie

      Thanks, hopefully it’s a move I don’t regret but I do look forward to meeting new people and learning more about stuff.

      Delete
  5. M1 pillow stocks meh, so cui sia

    ReplyDelete
    Replies
    1. Hi Anonymous

      Depending on which price you bought at, for me relatively a pillow stock I dont worry too much :)

      Delete
  6. Hotel industry? One of the company under Jardine grp? All the best!

    ReplyDelete
    Replies
    1. Hi LKH

      Sadly no, if given chance to choose the hotel industry is in my top 2 list of industry I really want to get acquainted next time... if.. there is still a next time and I am still employable... haha

      Delete
  7. Congratulations B! :)

    Hope to see you back soon! Looking forward to hear more from you in the coming future! I'm awaiting for more lessons from you :)

    ReplyDelete
    Replies
    1. Hi Sleepydevil

      Thank you :)

      Given your young age you never know we might be heading into same industry and may meet at some point in the future :)

      Delete
  8. Hi B,

    Congratulations on your new job! Hope to see you back real soon because I really enjoy reading your articles. Always think you write very concise and there is clarity in your thoughts. Through the years, you have stayed true to yourself and have never changed. Definitely one of the best financial bloggers in Singapore. Look forward to your return, my friend.

    Regards,
    Gerald
    www.sgwealthbuilder.com

    ReplyDelete
  9. Hi B,

    I am always Envy people who can change job. Not those on yearly or monthly routine surely. Sounds like a good career move. Best Wishes.

    Cory

    ReplyDelete

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