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

Things I Look Forward To In 2018

With just over a day before the new year, I think it’s about time to sit back and self reflect about what are some of the things that I expect in the new year 2018. I wanted to originally do a target to achieve in the new year but quickly changed it afterwards because not everything is a target. Some are events that will just happen with the flow of time. 1.) Achieve a portfolio target of 10% returns Since this is a finance blog, I think it is still something which I must put in mind at the...

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2017 XIRR & Overall Performance

First of all, apologies for the lack of recent posting as I had just returned from a 2 week work trip overseas followed by a week of holiday thereafter back to back. As we are winding down this year, I would like to take some time to do a self reflection review of the performance for this year. While we still have a few trading days to end the year, I really want to summarize and close for this year so that I can already start preparing for the new year ahead, which promises to be another exciting year....

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"Dec 17" – SG Transactions & Portfolio Update"

No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Comfortdelgro 85,000 1.91 162,350.00 26.0% 2. M1 75,000 1.79 134,250.00 22.0% 3. Fraser Logistic Trust 80,000 1.10 88,000.00 14.0% 4. Ho Bee Land 30,000 2.49 74,700.00 11.0% 5. ST Engineering 20,000 3.21 64,200.00 10.0% 6. Vicom 6,600 5.76 38,016.00 6.0% 7. Warchest – – 52,000.00 8.0% Total 613,516.00 100% We are finally at our final month of the year. I also did some window dressing to the portfolio going into 2018, knowing that I will be busy in the month of...

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Bringing Accountancy To Life

I know that we are all finance geeks when it comes to life hence it may be easier to look at it the philosophical way when it comes to it. Life on the other hand is a bit more fragile and often people questions the existence of decision that has an impact in our lives. This is the Balance Sheet of Your Life. The day you were born is the day you IPO-ed yourself to the public. While you may own the majority of ownership in yourself, often we are shaped by how the public would view and vote for...

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Sabana Reit – Update On Strategic Review

I wrote on Sabana just a couple of days ago (Link Here) and wanted to update on their latest announcement. The update on the strategic review is finally out on Friday morning. This explains why the share price has been sliding down in the past couple of weeks since they announced their Q3 results, perhaps there are insiders who already knew about the news. I wanted to summarize the update in a nutshell to give us fellow investors some train of thoughts on what we need to do with this. 1.) Talks with ESR Reits have ended. This is...

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Recent Action – Sabana Reit

The recent downtrend of the company puts me into the buying radar zone and I managed to purchase 230,000 shares of the company today at a share price of $0.415. This purchase immediately made this into my top 3 holdings. You might have recalled that earlier in the year I managed to purchase this at a lower discount at 34 cents (Link Here) when there is still all the ongoing saga about the revolt of the management, and since then a lot of things have happened. This is a special play situation. My main thesis of buying into this...

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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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