Author: A Singaporean Stockmarket Investor (ASSI)

Which is the most reliable car?

The 1.6 litre Lancer GLX (2005 – 2008) is the most reliable (i.e. least problematic) car in the last 15 years! That is pretty amazing. The Mitsubishi Lancer is a low-powered, three-box Japanese saloon. Yes, it does have an evil twin, in the form of the Evo, but it’s the standard granddad-friendly one that delivers the dependability which makes it the most reliable car Warranty Direct has ever seen. (Warranty Direct, 21 November 2012) We almost bought this car 4 years ago but in the end, we went for the 1.5 litre Lancer EX which has more leg room and a...

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China Minzhong: What are we to do?

Some might wonder if it is time to sell shares of China Minzhong and to lock in some sizeable gains. Well, it is back to the basic question of: “What are we after?“ If we believe that China Minzhong’s shares are still undervalued, then, fundamentally, it is not the time to sell. However, if we do not care about fundamentals and are in it for a trade, then, that is a different motive which would dictate that we act differently. To any casual observer, it is obvious that China Minzhong’s share price is having difficulty breaking resistance to go...

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ASSI received US$15m offer!

Today could be an auspicious day. Today could be a historic day. Today could be a fortunate day. However, I laughed so hard that I think today is an amusing day. Read on. From the desk of the Chief Account Officer Nigerian National Petroleum Corporation, NNPC – Nigeria. Attn: Sir, Good day. I know this mail will come to you as a surprise but I need to contact you because of the urgency and confidentiality of this business transaction. I am Chief Account officer of the Nigerian National Petroleum Corporation (NNPC). I have a deal here in my office I need a foreign partner to execute...

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Rich Dad, Poor Dad: 2 books are better than 1.

Anyone who has been reading local personal finance blogs regularly in the last few years would have no doubt come across many accounts by bloggers about how they read a book titled “Rich Dad, Poor Dad” by Robert Kiyosaki and that changed the way they looked at money. The book is about financial independence achieved through the ownership of income producing assets instead of working for a salary our entire life. Robert Kiyosaki is a natural story teller and the book is inspirational. If you should be interested in getting a copy. There are great bargains at BetterWorldBooks: Rich Dad, Poor...

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SoundGlobal: Another resistance level broken.

The last time I had a detailed blog post on SoundGlobal was almost a month ago on 7 December. At that time, I said that the declining 100wMA would provide resistance at about 60c. Daily chart. Resistance was taken out decisively today as volume expanded. However, a long upper wick was formed on the white candle with price closing the session at 61.5c, a strong resistance which was tested many times in July/August 2012. It could not be taken out then. Could it give in this time? Ah, it is always hard to say for sure but the momentum oscillators...

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Wilmar: Buy or sell?

Today, one person asked me if she should still buy Wilmar’s shares while another person asked me where is the first resistance level in case share price continues to rise. One person is thinking of putting in a long position while another person is thinking of possibly divesting. Daily chart It is obvious to any chartist that Wilmar’s share price broke resistance. On the daily chart, the descending 200dMA at $3.62 or so is where we would find the next resistance level. The 200dMA could push share price down in the near term. It has that ability. If that...

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Not enough money to be married!

Over the weekend, I was told of a person in his early 30s who is married and has two children. He is regularly borrowing money from his family and friends. In fact, he would borrow from friends to pay the installments on the mortgage of his 5 room HDB flat as well. Amount? S$800 a month. I am not married and I wouldn’t know but with an annual gross income of some S$28K, is it tough to support a family of four in Singapore? It seems that this is the case for this man. The wife stays home and takes care of the two children who are still attending...

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It is official! Fiscal Cliff averted!

Mr. Market is in a good mood! The Fiscal Cliff has been averted! As global stock markets made their 2013 debut, the House of Representatives passed a deal between the White House and Senate Republicans to raise taxes on the rich and put off automatic $109 billion budget cuts for two months. The deal passed the Senate early on Tuesday, but its fate hung in the balance for hours as House conservatives sought to amend it to include big spending cuts, which would likely have killed it. In the end, the House voted 257 votes to 167 to pass...

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2012 full year passive income from S-REITs.

After a few requests by readers for me to blog about my 2012 full year passive income from S-REITs, I was pleasantly surprised to receive advice from a reader that I should not blog about it. Since I was of two minds whether to go ahead, I started a poll on 11 December to see what readers want. The poll ran for two weeks, ending on Christmas Day. Readers have spoken and here is the blog post by popular demand. This year, I sold some of my investments in S-REITs as their unit prices moved higher and their distribution yields...

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Counting our blessings.

I overheard a conversation two women were having while I was waiting for my bee hoon to be prepared. One of them is concerned that her son wants to get a license for riding motorcycles because his friends are all doing it. The other one, with a sharp intake of breath, immediately launched into an argument against it. “Aiyoh, ride motorcycle very dangerous one. Flesh wrap steel leh. If car bang into you, sure die one. If not die also badly injured. Maybe, become handicap for life liao. One arm gone or one leg gone. Worse, maybe become a...

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A Christmas collection of charts.

It is now the evening of Christmas and I have spent Christmas Eve and the whole of Christmas Day at home. I slept a lot and drank a lot of herbal tea. I ate mostly porridge. You guessed it. I am ill. Here are some charts and my gut feel. Not much rigour but in the spirit of Christmas, I hope readers would be a bit more forgiving. Target: 28c. Target: 42c. Target: $1.10 Target: $3.90 Target: 62.5c Target: 83c...

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Second Chance Properties Ltd.

In reply to a comment from Desmond: here. Some have said that Second Chance Properties Ltd is a company that is REIT like. This perception could be due to the fact that much of its success stems from its timely investments in real estate at depressed prices. They announced an annual dividend of 3.3c and a special dividend of 0.5c this year. NAV/share is 35.72c. So, buying some shares closer to the NAV/share would give an attractive dividend yield, discounting the special dividend. At the last closing price of 40c/share, a 3.3c dividend would be a nice 8.25% dividend yield if the payout should be repeated...

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ASSI celebrates third birthday!

On the Christmas Eve of 2009, ASSI was born. ASSI turns 3 today! Blogs take a lot of energy and time to maintain. Of course, everyone has only so much energy and time. So, it is not surprising that with changes in one’s priorities and interests, the amount of energy and time allocated to different activities in one’s life would change. Some bloggers have become very sporadic in their blogging efforts while others have stopped updating their blogs altogether. Of those who stopped, most just faded away quietly without any announcement or fanfare. Some of these blogs were updated for a...

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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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