- AK - need no further introduction
- Sean Seah - an investor author and speaker. Thanks to him for the event space.
- Rusmin and Victor - equity investors and co-founders of The Fifth Person.
Started off by sharing how they each get started on Investing. AK talked about his family narrow escaped from bankruptcy, Sean on his "get rich quick" mindset, Rusmin on his near death experience and Victor's story was very similar to AK. The Q&A session was the highlight of the event. Q. How can retirees stretch their savings? On top of reducing your wants, the general recommendation was to look for income generating products e.g. POSB 1.88%, Fix Deposits and CPF. There was a special mention to avoid bond funds because it does not have a maturity date and may not suit retirees. Q. Views on office related REITs. One has to look the gearing and debt ration. Is it a fix or floating loan? A rising interest rate will have an impact on the loan. Q. I have investment in stocks but little savings. Should I continue to invest in stocks or should I buy a property instead? With the drop in property prices, many people are hungry to go in. However, the answer from the panel is a straight no because based on current price, there is little room for both yield and capital appreciation. AK shared about the rule of 15 where one should aim to pay off the property in 15 years with a 6.6% yield and do not believe stories like there is never a bad time to buy property. Entry price is important. He also shared his insights as a landlord. Q. Private Property is going down. Should first time home owners buy a private property? Buy something that you want was AK answer. Private property is for capital gains and HDB for yield. One should not the both up and he went on to talk about yield. Q. How much war chest should you hold? There was a lively debate on this. The question was posed by Sean which AK adeptly put it as (tai chi) to him. A few bloggers including me blogged about it but there was no clear answer. I guess it is because every individual preference is different. I will be setting up a poll on this. Stay tuned. Q. Do you buy ETF? Directly at AK only. His answer was no because he has the time and is able to beat the ETF returns. Q. Your take on precious metal. (My battery juice is at 5% now) Again only AK is able to answer because he is the only one who owns precious metal. His target is 5% of his portfolio and to not underestimate it because at time of crisis, this 5% can balloon. He went on to share how one can buy them from UOB Gold/Savings account and the success stories of people he has come across. Q. Views on commodity stock. Rusmin and Victor take is to look for companies with a integrated supply chain management so as to reduce your risk in commodity prices. They then went on to talk about their research on Wilmar and Sugar prices. There was also a discussion on interest rate impact on commodity and the answer was to look at the gearing and assets.but Update Some of the stocks that were discussed but there was no call to buy or sell or anything. (credit: Matthew)
- Sabana Reit
- Lippo Malls Tr
- Mapletree GCC Tr
- SoilbuildBizReit
- OUE Com Reit
- IREIT Global
- AIMSAMP Cap Reit
- ParkwayLife Reit
- First Reit
- Accordia Golf Tr
- Boustead (Victor)
- Wilmar Intl
- China Minzhong
- Keppel Corp
My battery juice was almost flat at the end of a fruitful and engaging session. I stuck around to have Sean autograph my book and offer a handshake to the speakers. I will definitely like to be back provided AK do not kick me out. If you have any questions or suggestions (like an AK autograph bookmark and merchandise) for AK and his friends, feel free to drop a comment and I will definitely bring it to their attention.