Posts Tagged ‘money’

Don’t surprise the old folk!

Thursday, June 11th, 2009

I don’t think there’s hope of her recovering the money from the mattress, since after making the news, I’m assuming she wouldn’t be the only one hunting for that mattress.


JERUSALEM – An Israeli woman mistakenly threw out a mattress with US$1 million ($1.45 million) inside, setting off a frantic search through tonnes of garbage at a number of landfill sites, Israeli media reported yesterday.

The woman told Army Radio that she bought her elderly mother a new mattress as a surprise on Monday and threw out the old one, only to discover that her mother had hidden her life savings inside. She was identified only as Ms Anat, a resident of Tel Aviv.

When she went to look for the mattress it had already been taken by garbage men, she said. Subsequent searches at three different landfill sites turned up nothing.

Mr Yitzhak Borba, the dump manager, told the radio station that his staff was helping the woman, saying she appeared “totally desperate”. AP

Using $$ to make $$

Wednesday, April 8th, 2009

The market has been rather volatile, and thus I managed to make some money off it. Not millions of dollars unfortunately, but much better than CPF returns! So far, year-to-date I’ve managed to make realised gains of $969 off just 2 stocks. On average, it’s already more than twice what CPF interest pays, and only 3 months have past!

25Mar – Buy 4000@$2.43
26Mar – Sell 4000@$2.50
03Apr – Buy 4000@2.48
08Apr – Sell 4000@2.56
Total gain (including dividend) = 6.8%

Sky Petrol
19Jan – Buy 116000@$0.88
08Apr – Sell 50000@$0.905
Total gain = 6.6%

This factors in all trading costs incurred, but not any miscellaneous fees that the CPF IA charges to withdraw and deposit money from CPF account. (If I recall correctly, they charged a $8 fee to move the money!!)

“Thanks to our government”, these gains are currently locked up till retirement. Lol. At least the money can’t be withdrawn and spent on, let’s say, part of a Macbook Air. 😛 It can however, be channeled towards paying off the house.

I plan to sell off the rest of Sky Petrol tomorrow once my sell limits get reset.