tag:blogger.com,1999:blog-6213354074634538714.post402978885838452360..comments2024-03-29T22:22:39.118+08:00Comments on (The) Boring Investor: Behind Every Successful Bear Market Recovery is A Cash-Like InstrumentLee Chin Waihttp://www.blogger.com/profile/10250390011842795509noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6213354074634538714.post-80905224579099971422013-11-11T22:48:10.937+08:002013-11-11T22:48:10.937+08:00Hi Cory,
Yes, I've considered OCC 5.1%. The r...Hi Cory,<br /><br />Yes, I've considered OCC 5.1%. The reason why I didn't invest in this preference share is because its dividend rate will reset from 5.1% to 3-mth S'pore Swap Offer Rate (SOR) + 2.5% in Sep 2018. While we won't know what the SOR will be in 2018, the dividend rate is likely to drop below 5.1%. My take is when the dividend rate is reset, the share price will also drop. So, it can't fully preserve the capital.<br /><br />Rgds,<br />(The) Boring InvestorLee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-70613674622984636092013-11-11T12:46:52.233+08:002013-11-11T12:46:52.233+08:00Have you considered OCBC OCC 5.1% ?Have you considered OCBC OCC 5.1% ?Coryhttps://www.blogger.com/profile/18166646368324976318noreply@blogger.com