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...]

Blue Black Monday on 24th August

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I sure it was all on the news, the 100+ points drop in the STI in a single day, roughly 4% decline, the black Monday of 24th August 2015. For a post GFC investor in the stock market, I have only witnessed that once, and that was after S&P downgraded the US credit rating due to the persistent bickering between republicans and democrats with regards to the debt ceiling. The reaction of the STI was … [Read more...]

Rebalancing of my portfolio

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Recently, I did a little of rebalancing of my portfolio. In the worse case bear scenario, the STI will fall to close to the lows seen in the depths of the GFC, possibly around the 1500 levels. In order to prepare for this scenario, which I cannot predict when it will happen again, I need to set aside at least $30k of warchest to purchase STI ETFs as the index falls via the method of dollar cost … [Read more...]

Initiated a long position in IREIT Global

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I have been watching IREIT for quite a while now after it hogged the headlines of having a massive rights issue which would allow for the properties it owned to increase by 100%, basically twice the initial size when it IPO-ed in late 2014. Gearing has increased to an uncomfortable 43.7%, and total number of units have increased, thereby increasing the liquidity of the units traded in the … [Read more...]

Singapore’s 10 Richest People

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Some of us would be curious who are the richest people in Singapore. Now here we have it, the top 10 richest in Singapore. 10) Mr Raj Kumar and Kishin RK Net Worth: $2.4 Billion Source of Wealth: Real Estate Residence: Singapore Citizenship: Singapore 9) Kuok Khoon Hong Net Worth: $2.6 Billion Source of Wealth: Palm Oil Residence: Singapore Citizenship: … [Read more...]

Portfolio Update – July 2015

*As of 31 July 2015 Counters No. of Shares Average Price (SGD) Total Capital Invested (SGD) 1. Croesus Retail Trust 10,000 0.9282 9,282.00 Cash Reserves and Equivalents 40,718.00 Total SGD 50,000.00 Total Invested Capital = $9,282.00 Total Expected Dividends/month = $760.00* Average Dividend Yield = 8.19% *Based on recent annualised … [Read more...]

Divestment of Cache Logistics and Keppel DC REIT

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I did a portfolio update back at the end of last month about what I intended to do with the existing holdings. I did a write up mentioning how I would close out the Keppel DC REIT and/or Cache Logistics Trust positions if share prices ran up. And so it happened for Keppel DC REIT right after the announcement of strong results, the next morning the share prices surged, rising from $1.06 to $1.08 in … [Read more...]

Shale oil drillers’ lifeboat won’t last much longer

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Before last year oil price crash in 2014, many oil producers bought insurance on their selling price of crude oil at approximately $90 or more, most above $100 per barrel.┬áThis was to protect oil companies from oil price shocks like the one the world suffered in the past year. Now this insurance is expiring this year. Maybe this year is what OPEC is waiting for. The year where majority of the … [Read more...]

How I hoarded $20k in 9 months

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9 months is a significant milestone for many, from the birth of a beautiful baby from conception to the faces of proud officer cadets in the passing out parade after months of tough training. It is of no exception for me, as I have managed to save $20k of savings from my salary alone during the same period. This is excluding CPF contributions, allowances to parents, contributions to the company … [Read more...]