Monday, August 09, 2010

The Best Cheque Evar!

I recently received a dividend cheque, and thought it'd be a great way to restart the blog. So here it is:


Yes. It IS worth 2 sen. Seriously.

MRCB went to all the trouble to print and send me a 2 sen cheque. Cost-Benefit Analysis, anyone?

Think about it - if I try to spend it, it gets rounded down. So I can't even buy anything for 2 sen. I might get more value out of extracting the ink they used, and using the paper as scrap. Smaller than a napkin, so no big ideas there I'm afraid.




But!


It gets better! Here's the dividend voucher that came with it:


You might notice the following:
  1. It got taxed. Whoa, might've been worth more before they got their grubby hands on my money.
  2. Yes, it was originally worth THREE (3) sen. Wow, guess not.
  3. Waitaminute - they taxed 1 sen? Indeed. They robbed all value from my cheque, as it would've been usable rounded up to 5 sen. That's one Hacks dammit!



On a serious, moral-of-the-day note: dividends are great. The tax they pay for you (1 sen in this case) counts towards your yearly income tax. So if you don't think about it too much, here's the sequence of events:
  1. Buy some shares in some robust companies. Boo hoo, money outta bank. Wahey, I'm an investor. Net value = no change.
  2. Forget about it. Or admire your portfolio. Or boast to friends that you're an investor now. Whatever floats your boat.
  3. Receive mail from unknown sources.
  4. Enjoy the cheque within. Wahey, free money!
  5. Come tax-time, cry about having to fill in tedious forms and giving more money to a money-grubbing govt.
  6. Receive sudden enlightenment and ecstasy from realising that unknown sources (see point #3) have paid your taxes for you. Celebrate tonight, c'mon!
YMMV though.




Sigh. Your Mileage May Vary. Seriously. Get out less, get online more. Reading is good for you. Even under-updated blogs full of smartass comments. Really one. You see my face, how serious? No joke! Oi. Come back. Lah. Please. Don't like that. I give you one more laugh ok? You come back first. You must laugh ok? But don't exploded.



What a bargain!