Author: A Singaporean Stockmarket Investor (ASSI)

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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Don’t be a yield pig, be a hardy pig.

We have heard or read in personal finance matters that we should not be a yield pig. Indeed, promises of very high yields in instruments which we could hardly understand should be looked at with great suspicion. This does not, however, mean that we simply brush off high yields. After all, certain S-REITs were offering very high yields at the depths of the GFC a few years ago. People who sniffed at them in disdain back then could be sniffing for a different reason now. We have to be courageous and careful at the same time. What my driving instructor told me...

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REITs: When to buy?

This is taken from the weekend edition of The Business Times: Simon Rudolph, Franklin Templeton Investments’ portfolio manager for global equities: “We invest in REITs when we can buy them with good yields, but most importantly, at a good discount to the NAV. Real estate has to be about total return and not just income.” “When you buy something at 30% premium to NAV, unless there is a reason it is trading at a premium, it can still go back to par.” This is something that I can identify with and it is something I have always talked about...

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Wilmar: Smart money outflow is reversing?

Anyone investing in Wilmar for the longer term would be encouraged by the counter’s weekly chart. Even as share price continues its basing process which has been going on for months, Chaikin Money Flow (CMF) shows that the outflow of funds has ceased. With bearish pressure dissipated, any positive news could send share price up quite abruptly. Bollinger bands are also constricting to a point where we could expect a violent movement in share price. So, which way? Up or down? Based on the CMF, dare I hazard a guess? I would guess “up”. This could simply be a...

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My tickets to Value Investing Summit 2013.

Some might wonder if I am going to Value Investing Summit 2013 in January. I am usually the type who would prefer to stay at home with a book on a weekend but I am so convinced that this is going to be a value for money event, I will be going. Besides, I am curious. Curious? Yes, curious. The organisers have assured me that all the speakers will not do any selling in their speeches on stage. Only lots of insights and information will be shared as promised. So, I am curious to see if it will indeed be the case although reading a...

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SoundGlobal: Breaking out of resistance.

I last added to my long position at 49.5c on 5 November 2012. For the reasons why I added to my long position then, please see my last blog post on the company. Today, Sound Global’s share price broke resistance and formed a long white candle on relatively high volume. A long upper wick was formed towards the end of the session. This tempers the bullish picture somewhat. On the daily chart, the positive divergence which was spotted earlier is playing out. So, we had an early indication of a possible uplift in share price. Therefore, it should not surprise us...

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Value Investing Summit 2013: Update.

This is an update on my blog post of 1 December 2012 on Value Investing Summit 2013. I have received new information from the organisers which might interest both readers who are attending the summit and readers who are still wondering if they should. Value investing has become inextricably linked to people like Warren Buffet. So, mention value investing and most will think of the stock market. Well, value investing is a concept and applies to more than the stock market. If we are looking for undervalued assets to invest in, we are basically value investing. Value for money should matter to us more...

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China Minzhong: Gap down black candle day.

China Minzhong’s share price gapped down today and formed a long black candle on the back of very high volume. Apparently, “one party sold 57.23 million shares at S$0.80 each. “A trader said one of China Minzhong’s shareholders had sold its entire stake in the company through a private placement. “According to Thomson Reuters data, Olympus Capital Holdings Asia, is the company’s third largest shareholder, with 57.23 million shares or a 10.3 per cent stake. Franklin Templeton Investments Corp is the second largest shareholder with a 12.2 per cent stake, or 68.13 million shares.” (Source: REUTERS, 6 Dec 12.) I...

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Inflation is not going away.

Between inflation and deflation, governments would rather have the former. However, if inflation remains elevated over a prolonged period, then, we will have problems aplenty. I am not an economist and this is not going to be an economic essay. This blog post is inspired by a report by Bloomberg which says how elevated inflation in Singapore is persistent and unlikely to go away. The repercussions are real and grim. As the negative effects of inflation would affect middle to lower income earners more than the rich, it is even more urgent that we do something to at least protect our wealth. Sections...

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The worst type of readers.

We might have all heard of the saying that “no publicity is bad publicity”. Well, it is generally for people in the entertainment industry since anyone who wants more people to recognise them and be aware of them would “benefit” from all forms of publicity. After photos of his sexual escapades were made public, Edison Chen was able to land a deal with Carl’s Jr. to be their spokesperson for the launch of their “Thick Burger” in Asia! What a benefit! Well, in the last two days, off the top of my head, traffic to my blog increased by...

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Buy gold and silver as insurance.

Anyone who is regularly reading news on personal finance would have come across articles on why gold and silver prices are set to rise even higher. Marc Faber and Jim Rogers, both people I respect, are just two prominent figures who have put forth compelling reasons to own some gold and silver. Personally, when I started this blog, I also wrote about the real value of gold and why silver would be a better buy than gold after I researched the gold:silver ratio. I started a separate blog on the precious metals later on because I want to concentrate on...

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Olam: Renounceable Underwritten Bond-Cum-Warrant Rights Issue.

Olam, in response to Muddy Water’s claims, said that they “have more than enough capacity to meet … repayment obligations of S$1.5 billion in the next 12 months, as well as … likely capex of S$1-1.25 billion in the same period” and that “without raising any further debt (they) can easily meet … debt repayment obligations and pursue … planned Capex, in addition to meeting the on-going working capital needs.” Then, why are they issung bonds-cum-rights now? This reminds me of CitySpring Infrastructure Trust’s claim a few years ago that they did not have to issue rights and that people who said they had...

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Article published in Yahoo! Finance Singapore.

Some time ago, I was approached by MoneyMatters.SG for permission to re-publish a few of my older articles. I consented as I feel that if more people could access my writings and benefit from my ideas, it would make me very happy. Today, I found out that an article was re-published in Yahoo! Finance Singapore on 28 November 2012 under the Special Features section. Although edited, the message is intact and the spirit has been retained. Link here: http://sg.finance.yahoo.com/news/want-richer-065248352–sector.html If you feel that this article could be useful to your friends or family, please feel free to share it. If we can help...

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Value Investing Summit 2013.

How often have we heard of people paying $50 or some token sum to attend investment seminars only to find out that they are thinly veiled sales pitches that are wired to make obscene amount of money for the organisers? When I was approached by 8 Investment Pte. Ltd. to attend Value Investing Summit, I was careful to scrutinise the offer and decided that this is one bona fide event that anyone interested in investing in the stock market could find very useful. No gimmicks. Just lots of substance. Venue: Kallang Theatre Auditorium Duration: 2 days (26th and 27th January, 2013). Time:9am to...

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