Author: A Singaporean Stockmarket Investor (ASSI)

What should mom do with $200k inheritance?

Reader says… My mum was given an inheritance to the tune of $200k. Not knowing what to do with the money, my mum deposited it in the bank without our knowledge and of course, she was “invited” to speak to a bank’s representative and… I experienced some difficulty convincing her to put a significant portion of the remaining sum into her CPF as she is apprehensive that the money will thereafter be “locked up” for life and she can only get a small portion of it every month. I do not think the sum in her CPF RA is...

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Voluntary contribution to CPF MA in 2019.

Reader says… AK sifu.. Wah next year MA up to 57200… Excited siah.. Can top up again to get tax relief. Can I ask u if the interest from the existing MA for 2018 will flow back to MA to meet the 2019 BHS? If yes then sian.. Cos I cannot top up in cash in Jan 2019 to MA. Many ppl said why increase nearly 5%.. I think if they don’t increase.. Health care inflation in Singapore will eat up our BHS eventually. I do welcome such increase. Give me a chance to earn more interest n tax...

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Financial freedom and a long break from public appearances. (Give me F.I.R.E.)

F.I.R.E. Financial Freedom and Retiring Early. This is something many people want. The good news is that it is possible. How do we achieve this? There are probably many ways to achieve this and my way is only one of many. I like to think that my approach is a holistic one that most average Singaporean workers would find practicable. There is no hocus pocus nor are there promises of fast money. It is about understanding how to make our limited financial resources work better for us. It is about building a resilient investment portfolio. This also means not taking...

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Gobbling APTT as its unit price plunged 50%.

APTT’s unit price plunged by about 50% today, closing at 16 cents a unit. Mr. Market was probably shocked by APTT’s massive reduction in DPU to 1.2 cents a year. I was surprised by the decision too. However, I also applaud APTT for having the courage (and wisdom) to make such a drastic move. Two years ago, I reiterated that APTT’s 6.5 cents DPU was unsustainable. I also said that a more sustainable DPU was around 4.0 cents. In my blog on APTT last month, I shaved 10% off this 4.0 cents DPU to take into consideration the rising...

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Sold First REIT to raise funds.

The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwinter to do this earlier. I have been invested in First REIT since before the Global Financial Crisis and, increasing my investment during the crisis and Mr. Market’s bouts of depression, it became a rather significant investment in my portfolio. First REIT has been an amply rewarding investment for income as I did nothing but received income distributions in the following 10 years and more, enjoying yield very much in excess of 10% per...

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Why First REIT and why worry?

I get asked from time to time why I invest in First REIT and not Parkway Life REIT? Actually, more accurately, people should ask why did I invest in First REIT and not Parkway Life REIT? Yes, asking when a decision was made matters. When I was deciding between First REIT and Parkway Life REIT, the choice was a much simpler one. First REIT was trading at a big discount to NAV and its distribution yield was much higher compared to Parkway Life REIT. Money should go to where it is treated best, I told myself then. So, if you guess...

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Leaving a legacy as ASSI turns 9 and AK stops blogging.

Reader says… I’m thankful for the positive impact u have on my life, up there with Warren Buffett and rich dad. I hope in time I be able to pay it forward like u did AK says… I am glad my blog has been helpful ???? Reader says… That’s an understatement, too many ppl and too much money this world, just not enough ppl who want and able to make a difference. Of course that depends on whether u become even more lazy in blogging hehe. This blog will be your legacy to those who wants to design their...

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3Q 2018 passive income (S-REITs).

In 2Q 2018, there was a bit of action in the S-REITs space for me and one of the things I did was to add to my investment in Starhill Global REIT at 64c a piece. In 3Q 2018, I was ready to add to my investment in Starhill Global REIT if Mr. Market’s pessimism should worsen. However, Mr. Market felt better about the REIT’s prospects and the unit price rebounded. To understand why I bought more of Starhill Global REIT when I did and how it became one of my larger smaller investments, go to the related post...

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SG BONUS for all Singaporeans.

I received an SMS earlier today to say that I am getting a $200 red packet. Wow! There is such a thing as a free lunch, after all! Actually, $200 could probably buy me lunch 50 times over! What am I talking about? SG BONUS, of course. Eligible Singaporeans will get a minimum of $100. How much we get depends on our income in 2016 (YA 2017). See the table here: All eligible Singaporeans will be paid by end of this year. Now, if only income in 2017 (YA 2018) was used instead, then, I would get $100 more...

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3Q 2018 passive income (non-REITs): Conclusion.

Many things happened in 3Q 2018 in the non-REITs space for me. Mr. Market made me many attractive offers and I was hard pressed to take advantage of all of them in a meaningful manner. This is why having a war chest, big or small, matters. Without a war chest, we would not be able to take advantage of Mr. Market’s pessimism. Even with a war chest, we would have to decide how to allocate our limited funds. So, what did I do? If you have not read the earlier 7 parts by now, here are the links: 1....

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3Q 2018 passive income (non-REITs): APTT.

In August 2018, I also received questions about APTT as its unit price plunged. In one way or another, I was asked whether I was buying APTT again like I did when its unit price plunged in the past. Regular readers might remember that I said APTT’s 6.5c DPU was unsustainable and a more realistic DPU was 4c. When I bought more APTT in the past, it was based on what I thought a reasonable and sustainable DPU would look like. The purchase was not premised on what APTT was distributing at that point in time. Please keep this...

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3Q 2018 passive income (non-REITs): QAF.

In 3Q 2018, I also received questions from readers on QAF and they were similar to this comment from 9 August 2018: Reader said… at the current price weakness and offering a dividend yield of almost 6%, will u still considering nibbling?? AK said… QAF is now trading at a discount to NAV and there is also some insider buying activity. I would buy some if I weren’t already invested and if I didn’t have other investments that are tempting me to buy more as well. ;) Revenue and earnings have been declining at QAF as they face rather...

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3Q 2018 passive income (non-REITs): AGT.

Some might remember that I reduced my investment in Accordia Golf Trust many moons ago at slightly more than 70c a share. Since then, Accordia Golf Trust has seen its unit price gone down a slippery slope. It finally got to a point where I just had to hit the “accumulate” button. I remember sharing before but I just cannot remember was it here in my blog or during an “Evening with AK and friends” that my own research (with the help of Google Translate) found that PGM, Japan’s second largest golf course operator at that time, made an...

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3Q 2018 passive income (non-REITs): SingTel and CDG.

Deciding that Mr. Market was probably overly pessimistic, I added to my already very significant investment in SingTel as its share price sank below $3.10 again sometime in 3Q 2018. The business environment has become more challenging for telcos, no doubt. However, we have to remind ourselves that telecommunications companies are not all equally vulnerable. Experience tells me that in any sector that is facing challenging conditions, 1. entities which are sectoral leaders  and 2. entities which have strong balance sheets  will most likely prevail and SingTel is that entity here. SingTel’s dividend yield expanded as its share price declined. With...

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3Q 2018 passive income (non-REITs): WILMAR.

Another business I increased exposure to in 3Q 2018 was Wilmar. As its share price went under $3.00, I simply had to buy some. At that price, I believe Wilmar was very undervalued and based simply on NAV per share, it was. If the constant buying by insiders as the share price declined was anything to go by, I am in good company. When the soft commodity cycle turns up again and it is just a matter of time when it does, Wilmar will be a major beneficiary. Apart from this, I am also waiting for the listing of...

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