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

Upping Your Game Level – With Margin Financing and CFD

In the spirit of supporting my good friend’s Chris in his next upcoming talk on achieving financial independence with Reits, I have decided to do a blogpost on it which I’ve been wanting to do it but have very little time and interests in the past to do it. If you still have not registered for Chris talk, you can register it here. This is not a sponsored post or anything, so read as usual with your own pinch of salt. Margin Financing or CFD   In layman terms, margin financing or CFD simply means leveraging by borrowing money to...

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Dividend Income Updates – Q3 FY2018

I am writing this dividend update in an attempt to compile my quarterly dividend performance for the year. The theme for this year dividend income updates will be based on my understanding of the advantage of dividend investing and that is to compound dividends for as early as we can, for as long as we live. Time is our friend for this very same purpose. While some may argue that dividend is not everything there is to investing, as they can be easily trumped by other factors such as the larger capital loss, dividend has played a very important...

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How Do You Negotiate Your Next Pay Rise?

As a minor retail investor like myself, income has always been an important determinant over the years as part of our capital size on top of the other factors such as savings rate and capital allocation. It is therefore important that we do equally well in our human capital ability and measure it the same way we did for our investment return as an investor. One way to measure this is through our active income growth rate, i.e the ability to grow our income in the form of sidelines or salary increase either through progression or promotion or pay increase...

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Far East Hospitality Trust – Q2 FY18 Results & Thoughts

Far East Hospitality Trust (FEHT) announced their Q2 FY18 results which was very much under expectations as we saw topline increases 10.2% year on year and DPU increases by 4.1%. The results is in line with my expectations when I blogged about them about 3 months ago which you can find here. If you have attended my recent talk in the Investors Exchange, you would also notice that this is an example of the 6+4 = 10% strategy type, where 6% is their current yield and 4% is their inorganic + organic growth potential. In terms of the portfolio performance,...

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What Should Your Networth Be At 20s, 30s, 40s, 50s, 60s

This is something that I think a lot of people are benchmarking their networth to. Often, I receive email asking if they’ve done good enough by accumulating $X at the age of Y. To be honest, any answer you may get is going to be arbitrary at best because every single permutations depend on many mutual factors that are very relative. What Constitutes Networth? Networth, by its own definition, is very personal. To me, in the local context, networth should consists of all liquid funds including cash, bonds, stocks and gold and also includes retirement social security such as...

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Some Updates So Far

I just wanted to document a few updates so far that are happening right now. I tendered my resignation from my current company which I’ve been working for 6 years now to take on a new role outside the Group. The decision has not been easy to make mostly due to the great knit connection I have with some of the people there. Over the years, we’ve been bonded and through a lot and many of our lives activities surround the same group of people that I spent much time with. Still, I thought if there was a day...

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Wheelock Privatization Shows Why Deep Value Investing Is So Difficult To Execute For Perfection

After a few days of trading halt, there’s finally news that Wheelock Properties will be privatized. Wheelock Properties have been a deep value asset play for a very long time especially for investors who buy based on the premise of a net cash position, their relative valuation to the one listed in HK and waiting for a privatization offer. The Offer Price values the company at $2.10 per share, which represents a premium of over 20.7% over the last transacted price of $1.74 per share on the 13th Jul. While this seems like a no-brainer win for most people,...

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Getting Superior Returns From The Only Two Companies Thanos Has Yet To Destroy

Let’s assume a scenario where Thanos uses his infinity stones to destroy all the universe but two companies remain. These are companies that remain in sgx listed where one company possess the best growth character in terms of large cap and another company that has the best defensive character. The two remaining companies in the universe are DBS and Vicom respectively. Why Choose DBS? The reason why we choose DBS is because they’re a beast. In short, they’re our proxy for growth. DBS is a player that shines in the face of strong economic growth. In the face of...

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"Jul 18" – SG Transactions & Portfolio Update"

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Vicom 27,000 6.20 167,400.00 25.0% 2. Frasers Logistic Trust 126,000 1.06 133,560.00 20.0% 3. M1 75,000 1.61 120,750.00 18.0% 4. Singtel 37,000 3.24 119,880.00 18.0% 5. Far East Hospitality Trust 100,000 0.66   66,000.00 10.0% 6. Starhill Reit 100,000 0.65   65,000.00 10.0% 7. Warchest – –     1,000.00 1.0% Total 673,590.00 100% It’s time for another month of updates. Investors Exchange 2018 First up, I wanted to update quickly on how the investors exchange talk went yesterday. I thought it...

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This Is The Reason Why People Fear The Stock Market

The stock market is not a place where everyone gathers and make money. The market is brutal and can hurt those who does not take it seriously. Today’s brutal session in the market shows why people generally fear and avoid the stock market. The STI index drops about 2.1% today on session close and it is one of the larger drop I have seen in this year. One of the main cause of drop is due to the announcement made last night by MAS in a bid to tighten the mass retail market demand by raising the ABSD and...

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"Hold On To Cash For Crash" Theory

Cash has always traditionally been pegged against the real adjusted inflation rate of return and has been touted as a poor class of asset class over the long run. The idea that cash will always return below the long run average return of inflation means you will lose out in the race of compounding the longer you held them. But still cash does have their own usefulness. For one, everyone who’s holding on to cash in their portfolio are doing some sort of hedging one way or another, especially against asset classes such as stocks which has direct relation...

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Guest Post – Gambling in World Cup vs Investing in Stocks

The World Cup fever is here and we are through the group stage so far, which sees some surprising results such as Germany being eliminated. The fever means there are plenty of gambling options to participate in the fun side of things, but things can get bad if one treats it as a long sustainable sort of investment. I’ve made my fair share of losses in the group stage when I bet for a draw for England against Belgium yesterday but they are all entertainment for the fun part of it. Here is Chris Susanto, a good friend of...

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Running Faster Than The Bear In The Stock Market

It hasn’t been exactly that time of the year when we are faced with grumbling bears and depressing news all over the channel but investing in this year market hasn’t been that easy. The past couple of years have seen the market rise up to double digit gains that investors sort of get used to that and forget that investing in a higher bull market can result in a permanent loss of capital when buying without that margin of safety. For some reason, there’s always the promising growth outlook that you hear that would justify your reasons for buying...

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If You Are Into Dividend Investing, Now Could Be Your Chance To Get Your Higher Hurdle Rate

5% Dividend Yield. That was the hurdle rate I was aiming for in a long time for my portfolio since I started investing. We have been living in a ferociously low interest rate environment almost for the whole decade that we struggle to find a good company that can yield a decent 5% yield for the longest time. And so I worked on my early retirement based upon the 5% yield hurdle rate and work backwards to find out how much capital I needed to generate that. That magic number was originally at $1m, but it was always a...

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Guest Post – Real estate developer (with case study at June 2018)

We have our regular contributor CK who often writes good insight into the industry he has an expertise on. The last contribution he has is back almost a year ago during Aug in 2017 which you can find the link below: http://foreverfinancialfreedom.blogspot.com/2017/08/guest-post-cost-of-flour-more-than-cost.html This is a continuation to the update this year in Jun of 2018. The business model for a real estate developer is that of building and selling of properties. Hence, the key performance metrics of a developer is the ability to procure all raw materials (land, construction cost etc.) and sell to the end consumer at a...

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