Author: A Singaporean Stockmarket Investor (ASSI)

ComfortDelgro’s 51% stake in LCR good or bad?

I was wondering whether to blog about this but still feeling rather lazy, I just made a few comments in my blog’s comments section and on my Facebook wall. OK, if you don’t know about the proposed acquisition, read the article:HERE. “Taxi giant ComfortDelGro announced on Friday (Dec 8) its intention to acquire a 51 per cent stake in the Uber-owned rental fleet business, Lion City Rentals.” As things turned out, I received an email from a reader on the matter and I decided to do a little bit of “work” to share it in my blog. Bad AK!...

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Rushing CPF with only 11 years left to 55.

Reader says… I am now 44. my SA is about 100k now. My MA has reached BHS. I am thinking of transferring some OA to SA to reach FRS. I understand that I can’t VC anymore to SA. Now what happens with monthly mandatory contributions? Will all my monthly MC all go to OA? So does this mean that once SA reaches FRS, there is no other way to grow SA other than the interest earned within SA? If now, my monthly MC is all going to OA, what else can I do with the faster growing OA to...

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Investing in high yield Asian bonds.

Reader says… I am in my early 40s, and do active investing on my own. Recently I was contacted by an agent, who shared about investing in high yield Asian bonds. I was initially sceptical but it seems that these are very different from mini bonds, and the failure rate has been historically low. I am thinking of investing about 10% of what I usually invest in the stock market in these bonds. The main catch is that the investment commitment is over 10 years, which seems fine to me, and after that, I am able to decide whether...

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Have a savings plan and invest fearlessly!

Reader says… Recently, an agent came to me asking me I should get a saving plan. As she said that people can invest fearlessly is becos they have a saving plan (safety net) if anything to happen, there’s still a saving account. The saving plan is like pay for 5 years then after 15 years can take the money out with interest. She says the money can be used for my baby education funds or my personal funds after 15 years. What r your thoughts on saving plans? AK says… What is the guaranteed return? See for yourself if...

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Reducing investment in Accordia Golf Trust.

I am sharing this conversation which I had with a reader which took place in the comments section of my last blog on Accordia Golf Trust because I feel that it is important enough to share as a proper blog. csky said… Redemption of the deposit means the member has cancelled their membership. But non-members can still play but at a higher play fee. The large redemption for FY17/18 was unexpected as the previous years’ redemption averaged about 20%. They think it could be because this batch of redemption included 2 golf courses that had much higher membership deposit...

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Religare Health Trust to be bought for $966m.

Religare Health Trust’s unit price spiked after news that Fortis is seeking to delist the business trust was released earlier this morning. Surging to as high as 96.5c a unit, it was a 19% increase from the previous trading session in a matter of minutes. “In an exchange filing on Wed morning (Nov 15), RHT Health Trust Manager Pte Ltd said it has received a proposal from Fortis to acquire all the sale securities held by RHT Singapore’s wholly-owned subsidiaries, Fortis Global Healthcare Infrastructure Pte Ltd and RHT Healthtrust Services Pte Ltd. “The trustee-manager has not declared a distribution...

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How to turn $60K into $332K?

Growing our wealth can be a daunting task especially when our resources are limited. I think of wealth building as plucking fruits from a tree. Being a lazy fellow, I try to use as little energy as possible and would go for low hanging fruits. Why climb higher up to pluck fruits and risk a bad fall when there are low hanging fruits? I would climb higher up when my tree climbing skill has improved or if there is a safety net to catch me if I were to fall. Know what I mean? Hint, hint. Nudge, nudge. Wink,...

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Accordia Golf Trust DPU plunged 32.7%.

I checked my Facebook account earlier this morning and was greeted by a deluge of messages regarding Accordia Golf Trust. Alamak. How like that? Reader #1: hey AK can i ask you something regarding Accordia’s latest results? One thing I didn’t understand was, why is the DPU down so much from last year despite the profit and revenue being higher? AK: Due to repayment of membership deposit. Reader #1: hm I see. meaning more of its members are withdrawing their deposits, i.e. revoking their membership. AK: At this moment, I am treating this as a one off event. Management...

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Short paid by Croesus Retail Trust?

Reader #1 said… Could I do a check with you regarding Croesus’ delisting. I believe all unitholders have received the payout. Did you receive an amount equal to $1.17 x # of shares you owned (which is what i received)? Cause i thought that the payout should also include the distribution till the effective date of the delisting, but cap at 4.06cents? Wonder if you know about this? Thank you very much for reading my email. Reader #2 said… Like you, I have bought some Croesus and the cash proceeds of $1.17 per unit has been credited into my...

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Keeping in touch as I break from blogging.

I have not been blogging for 10 days and I have received several messages from readers regarding this. I am sorry if I have caused some anxiety for some readers but don’t worry, I am OK. Still alive and kicking. Then, why have I not been blogging? My blog will be 8 years old this Christmas Eve. Yes, I have been blogging for almost 8 years. Surprised? I am surprised too. I know I enjoy writing and I enjoy sharing ideas to do with personal finance and investment. However, looking back, I am still surprised by my blogging stamina....

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Largest investments in my portfolio.

In February this year, I revealed the top investments in my portfolio with some indication of their values in dollar terms. Understand why I decided to share after refusing for so many years by reading this blog: Investment portfolio and market value. Then, later in May, I updated the list as I had accumulated a pretty significant position in Centurion Corporation Limited from February. Centurion has turned out to be a pretty good investment. Read the update in this blog: Centurion’s pricing power. It is now almost the end of October and things have changed yet again. 1. The decline in QAF Limited‘s...

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Which CPF Life Plan for me? Basic, Standard or Escalating?

An annuity is supposed to help fund our retirement. So, I should be looking at getting a bigger payout, if possible, and not a smaller one. So, my choice is the Standard Plan. I know there are people who would like to leave more money behind for their children and they might say I think the way I do because I have none (or at least I think I have none). OK, maybe so. However, I do feel that children should take care of themselves once they are adults. Some might tell me that this is a Western idea....

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Reemployed with lower pay and worried about retirement.

Reader says… I have been a reader of your blog for many years now. Similar to your childhood experience – my parents also went thru bankruptcy during my teens and bad memories of money lenders coming to the old house. I am Malaysian and coming to 55 years old. I was made redundant middle of last year, was unemployed for 4 months and have since resumed working. My current gross salary is just enough to cover my household expenses + medical insurance for the whole family. (wife+ 3 kids.) My fear of becoming destitute in the old age has...

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What to do with $45K? It depends.

Reader: I have a bal of 45k which trying to find place to put. need for kid study or health problem. Is posb invest-saver a good choice? AK: Since you say you might need it for health problem, then, it is not money you can afford to lose. Go for the safest options. In case you are wondering, safest options are those that will not result in monetary loss. 🙂 So, if you need the money, you know you can get 100% of it. AK: Invest saver is an investment plan. There is a risk of monetary loss. The...

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What is effective annuity rate and is CPF Life competitive?

A reader read an article in The Straits Times on CPF Life and asked me to write a piece on it. I have blogged about CPF Life so much already and, so, to avoid boring anyone too much, I will try to keep this short. This is taken from a recent chat with another reader: foolishchameleon said… … with so many annuities in the market, what returns would be considered decent? 2.5%? 3% ? AK said… What is a decent return? I have not done any comparison lately but I know none is able to come close to what...

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