Ascott REIT Rights – Another capital-raising exercise by issuing new shares

Recently, Ascott REIT hogged the headlines in the substantial rights exercise it was offering. It was offering 29 new shares for every existing 100 shares held. The money raised would be used to fund the acquisition of 2 Germany properties with the similar name of Citadines as well as Singapore's Ascott Orchard. The last time I was involved in this REIT was quite some time back when I was able … [Read more...]

Standard Chartered no min commissions NO MORE!!

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I have not been writing posts other than my monthly portfolio updates lately owing to busy schedules and change in jobs scopes. I have recently moved on from my oil and gas job to another industry, which meant that my monthly contribution to the employee stock purchase is no more. It is a real pity because it was a pretty good scheme which allows you to DCA my own company shares. Most times we … [Read more...]

Last year in 2015, another 20k saved, good or not?

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Well, another year has come and gone. The previous year, which included the early part of 2015, I had managed to hoard $20k in 9 months. For the year of 2015, after adding my sums, I have only managed to eke out $20k over the 12 months. WHAT??? Only $20k? And its over 12 months, a good 3 months longer than the duration I managed to save the same amount last year! While this year … [Read more...]

Portfolio Update – September 2015

It's been along time since I wrote a post, owing to the long vacation I took in September to October. I have not updated my portfolio so here's an up to date version. *As of 17 October 2015 Counter No of Shares Average Price Amount Paid Yield on cost(%) Weightage Croesus Retail Trust 10,000 0.9207 9,207.00 7.43 61.93% OCBC … [Read more...]

My STI ETF Strategy

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I believe in Singapore's economy and its good governance. I am sure many opposition supporters will flame me for this, but lets face it, Singapore has come a long way from a third world country, and I have faith in the Singapore economy, though stagnating growth is more likely than not. And it seems like the STI ETF is a great proxy to ride on Singapore's market. Well, we can continue to invest … [Read more...]