Author: A Path to Forever Financial Freedom (3Fs)

Factor Based Investing Course (by Dr. Wealth) – Review

I had the opportunity to attend Dr. Wealth 2.5 days course which spans across the weekend thanks to the invitation by the team. This was my second time attending their courses and it is a very much expanded and improvised course than the first one I attended, which touches only on the CNAV (Conservative Net Asset Value) concept. You may want to read my earlier review on the course here. I’ll try to cover as much as I can without detailing too much of what they teach because I believe if you want to become a successful investor, you’ve got...

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IFRS 16 – New Leasing Standard

If you are working in an accounting department, you should already be aware that this is one of the next major changes on the new leasing standard that will kick into effect from January 2019. While we still have more than a year to go, many companies are already preparing to shift into the new leasing standard as they start to look into their leasing activities from 2018 onwards to meet the criteria later on.  The End of the Operating Lease Under the existing rules, lessees generally account for lease transactions either as an off-balance sheet operating lease or...

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Dividend Income Updates – Q4 FY2017

With earnings completed this quarter, I can finally tabulate my dividend income for the 4th quarter and also consolidate them for the full year. I have been reliant on much of my dividend income over the years as it gives about a state of stability and predictability in terms of the cashflow that is much needed in my space so far. I continue to invest in an arsenal champion of profitable companies who would then declared part of their profits as dividends to reward the shareholders. Having a stake in these companies mean having part of the pie when...

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"Nov 17" – SG Transactions & Portfolio Update"

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Comfortdelgro 70,000 2.00 140,000.00 23.0% 2. M1 67,000 1.81 121,270.00 20.0% 3. Fraser Logistic Trust 80,000 1.13 90,400.00 15.0% 4. Straco 50,000 0.86 43,000.00 7.0% 5. Vicom 6,600 5.78 38,148.00 7.0% 6. Far East Orchard 20,000 1.52 30,400.00 6.0% 7. Ho Bee Land 10,000 2.61 26,100.00 6.0% 8. Cosco 25,000 0.44 11,000.00 2.0% 9. Warchest* 115,000.00 19.0% Total SGD 615,318.00 100.00% We are closing down on the final 2 months of the year and it seems like the market is doing...

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Ho Bee Land – Q3 FY17 Results Review

You might recall I re-initiated a position back in Ho Bee Land just a month ago. You can refer to the earlier post here. The company announced its Q3 results today after market trading which I thought was pretty good. The first that was brought to my attention was the recurring income from the rental. Unlike the model of my other vested company FEO, Ho Bee recurring income has steadily increased over the years and we are seeing another quarter of increase from this quarter. Year on year, the recurring income was up 12.4% to $39m in Q3, so if...

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Far East Orchard – Q3 FY17 Results Review

FEO just announced its Q3 results and I thought it was much expected from what many had thought to be a disappointment, especially if we compare them direct across year on year. From the results, it also proves that FEO is far from reaching its status of being a hotel operator with much recurring income and that the company needs to be treated more as a developer with lumpy earnings. Many of the assets sitting in their book have not yet contributed to earnings, with completion such as the UK accommodation and Joint Venture project with Toga still ongoing....

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The Fine Art of Reverse Budgeting

I thought I was the only weird one doing this until I read an article by Dave Ramsay and confirmed its existence. I hardly come across people who are doing this in the same way I do, so if you are on the same wavelength with me, give me a high five. Traditional Saving Method If you go to a personal finance seminar, you’d tend to find advice that tells you to be frugal, save as much savings as possible to a large extent and then invest the rest. In that very order. When I was only starting out...

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Recent Action – Straco Corporation

I initiated a position in Straco Corporation recently at a share price of $0.855 for 50,000 shares. I don’t think I have to introduce this company much more. We all know they’ve been returning incredible shareholder’s value since its inception in 2004 and it was only after around 2014 that the share price remains rather flat until today. For me, I am treating this more of a momentum play given that organic growth is back on track and debts remain lowest since they acquire the Flyer back in 2014. I still want to see the company generating double digit growth either...

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Getting Your Investing Education Through Re-ThinkWealth

Chris is the author and founder for his education learning platform Re-ThinkWealth and I’ve known him personally now for a number of years. So when he recently launched his new premium content (Link Here) and approached me with helping it to spread it around,  I agreed to help him. He strikes as someone to me who is passionate about investing and hungry to give back to the society by helping others to learn and get better. He conducted a few seminars on his own at a few junctions and was very successful and charismatic at doing that. All who...

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The Four Categories of Rules Acceptance Behaviour

I was listening to Gretchen Rubin’s podcast recently and was intrigued by how she brings certain perception out which makes people think. For those who are not familiar with who she is, Gretchen is an author and researcher for psychological behaviour in her pursuit of finding optimal happiness either in marriage, family, solidarity and any point in time. She calls herself a “happiness bully” which begets the idea of bullying people with happiness!! Awesome. Her research on the four categories of rules acceptance is one of her more popular contributions to the society and we’ll quickly link this later to...

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Vicom Revises Inspection Fees W.E.F 1 Nov 2017

You might have recalled I re-initiated a position back in Vicom just last month (See here) so when someone alerted me today that they were revising their fees I was interested to look at it. This wasn’t yet officially announced in the sgx announcement so some vested shareholders might miss the news. New revised fees w.e.f 1 Nov 2017 As you can see from the breakdown, the revised fees aren’t very significant from a car owner perspective in terms of dollars and sense. In fact, it’s probably just enough to cover an incremental cost of the overhead due to...

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Recent Action – Ho Bee Land

I initiated another small position im another developer, this time Ho Bee Land for 10,000 shares at $2.51. Some of you may have recalled that I used to own this company in the past (See Here) which I have since divested so it is not a company which I am not unfamiliar. In any case, I have re-initiate the position for another short-term momentum play given how aggressive the developers are in the market these days doing their restocking of their land bank. I’ll put down some of my thoughts in the summary below: Recurring Income Stream of prospective $150m...

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My Wisdom Tooth Surgery Experience

I know this is a bit random but anyway I just want to share about my experience for my wisdom tooth extraction which may benefit those who wanted to do it. In the past month or so, I have been having gum infection in my right mouth and it is affecting my work,  sleep and mood and I get frequent headache every now and then.  It was a horrible experience that I am simply too lazy to do anything,  even writing this blog. Anyway,  so I went to my regular doctor visit at Orchard Scotts Dental attended by a...

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What Is A Good Investment?

I received an interesting email today from a reader who surprises me with a very basic yet intriguely mind stimulating question. He asked me what makes a good investment. I had to think a while before replying him and thought it’ll be a good point for discussion. A good investment in my definition is something in the future that you can derive a greater value than what was invested in the beginning. The key word there is “greater value” and this aspect can be both known or unknown. One example of a “known” aspect is putting your money in...

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How Do You Define Your Time?

As financial bloggers, we’ve always been saying that time is an important resource that is scarce in our lifetime. Time is a fixed currency and is probably the only thing that is constant. All of us had 24 hours a day to allocate our time with and it is up to us how we define them. Time in the context of this article is focus and energy, which everyone has a limited supply of. Now, I see my time in the context of three general categories: Professional – Active Work and Career Related Matters. Social – Activities that involves...

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