Author: A Singaporean Stockmarket Investor (ASSI)

A message from AK as ASSI turns 8.

Christmas Eve of 2009. My blog was born. Why did I start blogging? It was out of boredom and curiosity. On this day, the message I wish to share is more than “If AK can do it, so can you!” Instead, take a look at this: Reader #1 says… No need to think so much. Just buy, hold and sell when AK does. He’s the Oracle. AK says… I am no Oracle and I am thinking of retiring or at least semi-retiring from blogging. So, better do not rely on me. ;) And I do mean it. Reader #2 says…...

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Technical analysis of SingTel.

A reader saw my technical analysis (TA) for ComfortDelgro and asked if I did the same for SingTel? Translated: “Please share your TA for SingTel.” OK, I don’t do TA on request anymore but since I am in the process of building a larger stake in SingTel, here is a quick TA on SingTel: Since going XD, SingTel saw its share price plunging but I don’t think this has anything to do with its business fundamentals which do not seem to have deteriorated enough to warrant the huge decline in price. If the fundamentals at $3.79 a share are...

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Insure against longevity risk but not like this.

Reader says… Hi need some feedback on annuity plans/rates. Pay 16k per year for 5 years. Payout monthly $800 per mth for 10 yrs. annuity rate is 12% correct? AK says… It is not really comparable because this annuity pays only 10 years. It is more like an endowment than annuity. So, I think it might be wrong to valuate this like an annuity. It is more like a savings plan without any insurance component. An annuity is an insurance against longevity risk. Reader says… If like cpflife forever then it is more like wholelife policy? AK says… Life...

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Life insurance a heavy financial burden. What to do?

Reader says… I would like to seek your self talk on whether a person should continue paying premiums for his whole life insurance policy. Person A initiated a whole life policy with the premium payment duration for 25 years. After 4 years, the surrender value is now around 20% of the total premium payment till date. As the monthly premium is occupying a huge part of his monthly cash flow, he is considering to replace the whole life insurance with a term life insurance to “cut losses”. In addition, he is also considering to terminate his child’s whole life...

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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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