Author: A Singaporean Stockmarket Investor (ASSI)

Change to become richer. A need or a want?

Much of my writing is geared towards having people making positive changes in their lives. I also blogged about how some people told me that I should have good debt in life and how I have been described by some to have a peasant mentality towards wealth building. Are these people also trying to encourage me to make positive changes in my life? There are so many types of people in this world all with their own ideas on how things should be. They have their own realities which are very much conditioned by their own beliefs. While it...

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Unhappy Singaporeans.

Apparently, Singaporeans are the unhappiest people in the world if we believe a recent survey. People here were less “upbeat” than those living in war-torn places like Iraq, Armenia and Afghanistan, Gallup suggested, based on a poll of 1000 respondents in each of 148 countries. Nearly 150,000 respondents were posed five questions on whether they experienced a lot of enjoyment the day before the survey and whether they felt respected, well-rested, laughed and smiled a lot, and did or learned something interesting. While about 50 per cent of people in Armenia and Iraq did, only 46 per cent of...

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Recommended books for FA and TA.

I used to have a little widget in my blog which listed the books I would recommend to anyone who might be interested in learning about Technical Analysis and Fundamental Analysis through self-study. Unfortunately, that widget from Amazon slowed down the speed at which my blog was loaded and, so, I removed it. Since then, I would have to list the books for readers who might email me for a book list. So, I have decided to provide the book list here in a blog post. This would make it easier for both readers and me. This is, perhaps,...

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Saizen REIT: Daily share buy backs.

A friend told me he is waiting for Saizen REIT’s unit price to weaken before he buys some. I informed him that Saizen REIT has been buying back units from Mr. Market. So, there could be some support for its unit price in such a situation. Daily share buy backs: 14 Dec 12 – 330,000 units @ 17.2 c 13 Dec 12 – 310,000 units @ 17.332 c 12 Dec 12 – 310,000 units @ 17.36 c 16 Nov 12 – 360,000 units @ 16.78 c 12 Nov 12 – 400,000 units @ 17.2 c 9 Nov 12 –...

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MIIF: Realising value.

The last time I blogged about MIIF was more than two years ago although I would reply to readers’ comments or emails about the counter from time to time since. I have a long history with MIIF. It was recommended to me by a friend and I got in at a unit price of $1.00. Yes, no kidding. See the elusive Mt. Fuji? It seems that MIIF’s value will elude unit holders no more. Through the GFC, MIIF’s unit price sank and the lowest unit price I bought some at was 29.5c on 6 January 2009, if my records are accurate. I bought...

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Never lose money in real estate and REITs?

I have cautioned people that we are likely to see a decline in prices of residential properties in the next few years. Unless we are sure that we are looking at an undervalued property, we should think again about passing that cheque to the agent. After all, it is a big financial commitment. The government continues to make more land available for new residential developments. Already, there is a rising vacancy rate in non-landed private residential properties. This would likely worsen as more developments are completed in the next two years. We could have the perfect cocktail for a...

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A letter from a 66-year-old retiree.

I have received many emails in my three years as a blogger. Of course, there were some unpleasant ones but, fortunately, most of them are not. Many are questions which I would try to answer to the best of my knowledge. As I am not a trained financial adviser, however, I am not allowed to give advisories and I have refrained from doing so. Sometimes, I would share readers’ emails here in my blog, especially those which I think are inspirational or those which I think readers might find beneficial in some way. Today, I received a bracing email from a 66-year-old retiree.  Blogging...

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Request for sponsorship.

“Astonished, we were.” Recently, I received what I thought to be a rather bizarre email. As someone who is blogging for fun and making a bit of pocket money from ad placements etc, I never would have thought that I would be asked for a monetary sponsorship. Well, I was recently asked! Apparently, the event will have: 1000 delegates: Age between 28 to 55 Annual income more than $40,000 Professionals, Managers, Executives and Businessmen (PMEBs) Entrepreneurs High Net Worth individuals “There would be abundant opportunity to gain exposure for your site during the event.” The proposal listed various levels...

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Where to buy silver bullion coins?

I have been asked by many people where to buy silver bullion coins in Singapore. My standard reply has always been for them to perform a search online with the same words as the title of this blog post and they will have a list of companies which sell the coins here. Recently, a reader asked me not where to buy the coins but whether it is cheaper to buy the coins online than buying the coins from a seller in Singapore. I thought I should share my reply to him here with anyone who might have a similar question....

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Article published in Yahoo! Finance Singapore (2).

Each one of us will have to find our own way to cross the Eastern Sea. As long as we get across safely, who can say we are wrong in our methods? Another old blog post of mine has been edited and published in Yahoo! Finance Singapore. Link here: http://sg.finance.yahoo.com/news/debt-always-bad-071329360–sector.html The original blog post (unedited): Good debt is always good? For sure, my way is not the only way and, indeed, it could even be unsuitable for some. I have always said that there is room for diversity in this world. As long as people are taking action to improve...

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Yongnam: EXPIRY OF WARRANTS – W121214.

Warrant Holders are reminded that in accordance with the terms and conditions of the Warrants, the rights to subscribe for new ordinary shares in the capital of the Company (the “New Shares”) comprised in the Warrants will expire at 5:00 p.m. on Friday, 14 December 2012, after which time, any subscription rights comprised in the Warrants which have not been exercised will lapse and the Warrants will cease to be valid for any purpose whatsoever. Read the full notice: here. I wonder if anyone would actually bother to go through with this. See my blog post of 14 July...

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Tea with EY: Money talk, money laugh!

One of the most rewarding things about blogging is getting to “meet” people online. Reading comments from readers and replying to them is the most rewarding bit about blogging, I feel. Don’t just take my photo. Talk to me! ;p Blogging is a form of social media and it is interaction with readers which makes it enriching for me as a blogger, not the paltry income from ads. Do you feel that other bloggers would agree with me? OK, there are XiaXues and Mr. Browns in blogosphere who are more likely to be enriched by income from ads but I wonder...

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Be a real estate owner the easy way (2).

Two years ago, I blogged about someone telling me that there was a way to own properties with very little money or no money at all. Two months ago, I updated in the comments section of that blog post that he lost quite a bit of money doing it. Today, I came across a blog post by Gerald Tay in Propwise.sg on “No Money Down” properties. His family is in property development and he shares his views on the claims by “gurus” that people could own properties with no money down at all. I am recommending the blog post as a...

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To be a happy peasant.

When I was in primary school, I enjoyed reading Aesop’s Fables. One I remember is the story of the grasshopper and the ant. The fable concerns a grasshopper that has spent the warm months singing while the ant (or ants in some versions) worked to store up food for winter. When that season arrives, the grasshopper finds itself dying of hunger and begs the ant for food. To its reply when asked that it had sung all summer, it is rebuked for its idleness and advised to dance during the winter. The story has been used to teach the virtues...

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