Author: A Singaporean Stockmarket Investor (ASSI)

Confession and what AK thinks of retirement.

AK said… “I have left behind the prescriptive world of responsibility and routine which demanded that I made regular and meaningful contributions to the establishment and clients (in ever more difficult conditions).” (See related post at the end of this blog.) Reader says… I see things quite differently. I never felt the world demanded anything from me. It’s more like what I wanted from the world. And now that I have most of what I want , I do feel a moral need to give back to this world. Ranging from being a good son (which you agree) to...

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Financial freedom or freedom in retirement.

AK is a very responsible person and is a good role model. I get the feeling that some people think that way. Well, I don’t think so. I am sharing something from my FB wall here and you are welcome to eavesdrop. AK says… I am enjoying life now and doing stuff that I didn’t have enough time to do before. I was disciplined and thoughtful so that I can be less disciplined and thoughtful as I enjoy an early retirement. Don’t ask: “When you have to stop working, can you afford to?” Ask instead: “If you want to stop working, can you afford to?...

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Views on CPF, insurance and investments changed after eavesdropping on AK. (Don’t be "jelly". Make others "jelly".)

Reader #1 says… I have been following your blog since Aug2015 and benefit greatly from it. As an employee with salary below average, I couldn’t have much to invest. However I value the awareness that you created among your followers. I am started to be more responsible to my own financial management and learnt a little bit about investment. I believe many of them out there too. I feeling grateful to “meet” you through text. I want to say thank you again on this very first day of the year because I am still continuing benefit from your blog....

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Government helping to fund my retirement.

AK is a lazy fellow but AK likes to eat fruits. When he goes to the orchard to pluck fruits from fruit trees, he would pluck those low hanging fruits first. They require the least amount of effort and they also pose the least amount of risk. When all the low hanging fruits have been plucked, then, he has no choice but to start climbing up the trees to reach fruits higher up. Climbing trees, there is always a risk of falling. The higher he climbs, the harder the fall. Risky business. Low hanging fruits for the win! Thank...

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1st voluntary contribution to CPF account in 2018.

AK has become a bit more IT savvy and he now contributes to his CPF account using internet banking at home. OK, you are right. I admit. AK has become even lazier in his retirement and will try not to leave home, if possible Bad AK! Bad AK! How to do it? Er… You mean how to contribute to CPF account using internet banking or how to become even lazier? Who threw a shoe at me? Who? Who? See related post #1 at the end of this blog. Anyway, I just did my first online voluntary contribution to my...

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FY2017 passive income from non-REITs (Part 4).

If you have not read the 3 earlier parts, read them HERE (PART 1),HERE (PART 2) and HERE (PART 3). Although most of my investments have an emphasis on income, regular readers know that I also have some money in investments which would hopefully give me a mix of income and growth. Such investments, some bigger and some smaller, as a whole, form a smaller proportion of my portfolio compared to my investments for income. This is consistent with the capital allocation pyramid which I have shared many times before. Keeping this in mind, I added to my investment in Wilmar at under $3.10...

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FY2017 passive income from non-REITs (Part 3).

If you have not read the 2 earlier parts, read them HERE (PART 1) andHERE (PART 2). To continue from Part 2, in my blog on SingTel earlier in the year, I said that in my retirement, missing a regular earned income, I should be less adventurous and that I should seek greater stability when it comes to passive income generation. In other words, I should be less speculative and should not leave too much to chance. Consistent with this desire for a higher level of stability, I decided to reduce my investment in Accordia Golf Trust (AGT) in 4Q 2017 by...

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FY2017 passive income from non-REITs (Part 2).

If you have not read Part 1, read it:HERE. To continue, as things turned out, I grew my relatively small initial investment in ComfortDelgro rather significantly. For weeks following the time I first invested in the business, ComfortDelgro’s share price did a rather placid see-saw movement. Whenever the share price retreated to around $2.00 per share, I nibbled, as I decided after doing more research that $2.00 was a fairly good price and I believe it still is. Then, informed by the technical analysis which I did a few months ago, I increased my investment again when its stock...

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FY2017 passive income from non-REITs (Part 1).

4Q 2017 has been a relatively active one for me in the non-REITs space and being a rather long blog, I decided to take my time and publish it in 4 parts. In its final days on the Singapore Stock Exchange, at $1.17 a unit, the total value of Croesus Retail Trust in my portfolio easily trumped First REIT as my second largest investment. As Croesus Retail Trust was delisted and distributions made to its shareholders, the cash level in my investment portfolio rose significantly due to this reason alone. I would have been quite happy to sit on...

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FY2017 passive income from S-REITs.

Time flies and 2017 is coming to an end. Time for me to take a look at how much income my portfolio of S-REIT has generated for me in the final quarter of the year. The plan for Saizen REIT to transform into a REIT holding Australian industrial properties failed to materialise. In the end, it was delisted from the stock exchange and whatever residual value was distributed to its shareholders. This lifted my total income from S-REITs for the year rather nicely. Of course, this is definitely the final distribution from Saizen REIT and it will not be...

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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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