How to make 2000% ROI

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~ How to make 2000% ROI ~ Isn't that an amazing return? Almost unreal and unbelievable! I wouldn't believe it was real either had it not been me making that return back when i was 16. There was this advertisement in the papers about making money from renting property with no experience required. Not much info was given but i went for it anyway. The idea was simple. I was to pay this … [Read more...]

Housing – Buying/Selling (Learn it in 1 chart)

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Singapore Property Price Index is the only thing u need to know Resale & New flat (SRX) – Overall an uptrend marketThe property index depicts the current health of the property market hence knowing this is vital. Looking at the chart, the first area (Between the red lines) was caused by the dot-com crisis followed by the gulf war. In 2005 (Green line), Government injected stimulus that … [Read more...]

Swiber Holdings Winding Down – Uncertainty is Not Always your Best Friend

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Imagine that your Private Banker introducing you to purchase a 4 year corporate bond with a yield of 7.1% in 2013 Then because its a bond, and upon the recommendation of your private banker to do bond leveraging you decide to purchase the bond with 50% leverage at less than 1.5% interest. Your leveraged yield becomes 12.70%. In a low yield environment for the well heeled, this looks … [Read more...]

15 things I learned from Mapletree Logistics Trust FY2016 AGM

Mapletree Logistics Trust (SGX: M44U) (MLT) is a logistics REIT with 118 properties in eight countries – Singapore, Malaysia, Vietnam, Australia, Japan, Hong Kong, South Korea, and China. The properties include logistics parks, distribution centres, food and cold storage, and industrial warehouses. As you can see from the chart above, Singapore’s industrial production has been especially weak … [Read more...]

Successful, Deep value, Contrarian Investing

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Brexit happened on the 23/06/2016. If one had the vision to predict Brexit, something that by itself is very difficult to do with a high level of conviction, how do you think the person would position his long term investments in view of Brexit? (I’m sure many people would claim to have predicted Brexit, but how many could have such a high level of conviction as to position the portfolio … [Read more...]

Have You Sold?

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No, you didn't? Then did you buy? After reading what B wrote, I decided to write a post of my recent actions to emphasize some of the views he had about the recent situation. To start off, I believe this current rise in share prices are temporary and this is a time to SELL rather than BUY. In addition, I also tried to re-balanced my portfolio and clear off some dead wood. This is an … [Read more...]

Factors to Consider When Financing an Australian Property Purchase

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By Jo’An Tan (guest contributor) Singaporeans have been increasingly looking outside of Singapore to invest in real estate, by getting their dream retirement home, a place for their university-bound children stay in, or as an investment. The popular choices have been Australia, United Kingdom, Thailand, Japan and Malaysia. The strengthening of the Singapore Dollar has increased interest in … [Read more...]

Cory Diary : Fascination with XIRR

XIRR is a feature use in Excel to measure rate of returns. Best for measuring irregular returns such as stock transactions. XIRR is also the formula we enter in Excel spreadsheet to measure investment performance in a compounded way.Just type in a single cell in the Excel "XIRR(" and a help note will appear "XIRR(Values,Dates,[guess])". Values is the value of your trade transaction. Date is the … [Read more...]

Thoughts on the Singapore Government Audits

While this has not generated as much buzz as the "sexualized enacted scenes" of the NUS orientation camps (which I do not understand why this entire spectacle is an international news), this article definitely caught my attention and made me think further. The Auditor-General's Office (AGO) released a statement publishing their findings of the Government Financial Statements, after their audit of … [Read more...]

What All Investors should do now?

I read a very insightful article by “Godfather of Asian stock market”, Taiwanese investment guru Hu Li Yang in LianHe Zao Bao newspapers last week. If investors ask whether or not they should invest in the current stocks markets which to me seem to be without any clear leads or clues, then they should have read the above article.I have been sharing with you readers that I have been focusing more … [Read more...]

Just some thoughts on the games at NUS camps

So recently there have been many stories of the games in NUS camps being increasingly sexualised. The thing is, no one actually forced anyone to do anything they do not want to do. Who can the students blame or do they need a lesson on making choices? Many a times, we blame others for the things we do because we “have no choice”. Truth is, we always have a choice. Just because we do not like … [Read more...]

Interesting month

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This shall be a short post. The past few weeks have been eventful for me. – Well work wise, it is getting busier. Working later. One of the colleague has resigned, while my immediate superior has been hospitalized. – The announcement by Temasek to take SMRT private is another interesting turn of events after LTA’s takeover of SMRT’s rail assets. I do own some shares of SMRT. However since … [Read more...]

Portfolio Update – Added more FCL

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FCL now forms my 3rd biggest position at 11%. I previously wrote about how much I liked it for its 30% discount to book and its 5.7% dividend yield (50% of earnings paid out). I also mainly like FCL due to its stakes in 4 REITS, FCT(Retail)/FCOT(Commerical)/FHT(Hospitality)/FLT (Logistics) which combined stakes is worth around 40% of its current market cap. FCL derives 60% of recurring … [Read more...]

He did CPF top ups but is denied lump sum payment.

Reader: Hi AK, I'm one of your readers. With respect to the Retirement Sum Top Up Scheme, I checked with CPF and they mentioned that all funds made under this scheme cannot be withdrawn in lump sum. That is to say that all funds under this scheme and the associated interest earned will be ring-fenced into the RA upon reaching 55. Neither can such funds be used to meet the FRS /BRS … [Read more...]

Understanding Medishield Life and Integrated Shield Plans

There is a saying that you can afford to die but not afford to get sick in Singapore. This is true regardless if we are poor or rich. Unless you are extremely rich, hospital bills will be a problem for most of us here. Once we are diagnosed with some major illness such as cancer or other life threatening illnesses, it will probably wiped out most of our savings.An important part of financial … [Read more...]

What I did to monetise my free time and why?

Hi AK, I have been an avid reader of your blog and have also been to your meetup session last week. Thank you for what you have doing and helping people in providing financial literacy. I read that you used to work 3 jobs when you were starting out, for 7 days a week. May i know what jobs were you doing at that time? I have been working in a mid sized firm for a few years but my income is … [Read more...]

17 to 70: How age changes the way you think about money

Your perception and use of money will change with age. Here’s what you can expect as you enter your 20s, 30s, 40s, 50s, and 60s. Why do many Singaporeans regret not saving money after a certain age? Why is budgeting actually harder as you get older? One of the strange facts about money is that your perception of it changes as you grow older.  In many cases, we would benefit from some foresight. … [Read more...]

The roles of privilege, luck and adversity

Have you noticed I have been posting more frequently lately? That's because my team has been completing the various tax advisory projects recently and we are at the proposals stage for the next wave of work. The good thing is that it's less busy in the office and I have more time to produce higher quality tax advice or do my own research. The bad thing is that time passes more slowly and you … [Read more...]

The Absurdity of the Singapore Dream

As National Day is around the corner, I just want to share one or two points about the absurdity of the Singapore Dream or what most Singaporeans accept as the right way of living. My objective is not to demoralize you but to get the you to begin thinking about your life. Here are some of my points : 1. There is an increasing evidence that living in the right district can get you into a … [Read more...]