Cory Diary : Value Spending

Since young there is not much money to spend. Will always use up my allowance on titbits, pencils, rubbers, meals etc. Looking back, there is not much to save anyway and spending what given is a kind of natural thing to do. In my mindset allowance given is for me to spend and my parents are really good at it on how much I really need on food, bus fair and some extras. So I could say in my … [Read more...]

Cory Diary : Summary of 2016 and Record Dividend

We have Trump elected and Stock up. Continuing Oil crisis but a pickup of the Banking sector. Survived a retrenchment exercise and have a larger team. We have a shock during Bre-EXIT but market climbed back quickly erasing all the losses. Oil Price moves above $50 due to OPEC Agreement. We have weaken Gold Price of $1159. S$ weakened to support internal factors which is really good news at current … [Read more...]

Cory Diary : Sabana Reit and $100, 000

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The purpose of this article is to share the danger of the stock market. The game is not fair.Sabana Shari'ah Compliant Industrial Real Estate Investment Trust At one point I have $100, 000 invested in this counter. It was darling in the market with it's high yield. I even named it as one of my retirement counter. And then when the master lease issue comes in, I found something a … [Read more...]

Cory : Singtel

Realistically speaking I agree with Singtel that there is no need for 4th Telco in SG. The reason is pretty straight forward. Neither M1 nor Starhub are credible competitors to Singtel. So what makes us think an addition of 4th or even 5th will helps bring competition to the table ?If Singtel want to gobble up the whole SG market, they actually can if we truly believe in free market logic. Singtel … [Read more...]

Cory Diary : Work Performance 2016

FY 2016 is another challenging year. Investment can be in Equity but it can be in Work too. The later rewards are more sustaining and bulk of most people income. And the achievement is mentally fulfilling. After surviving the last retrenchment exercise, I have to bring over another team into my fold who just lose their manager. There are few things in my mind. Prevent attrition (knowledge … [Read more...]

Cory Diary : When higher Dividend has a Price ( $200,000 Dividends milestone within grasp )

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Just when I thought 2016 will be the year my Dividend will finally dipped since embarking on dividend strategy, year-to-date I have hit another all time high of $34,117. And i will expect to hit $36,000 easily by year end. So what happened ? Thanks, but not thanks, due to "anticipated" Neretal special dividend of 15 cents but with more than 20 cents dent to the Share price after ... a heavy … [Read more...]

Cory Diary : Global Warming

This has been one of most contentious. Global temperature has been rising. Does not using coal helps ? Should we use Nuclear energy ? Will the damage be reversible especially our oceans ? Is Oil the problem and the solution ? Save the Earth helps ? Cutting down electrical usage helps or just prolong the issue ? Cory believes is plainly due to human population growth. From google ..."What is … [Read more...]

Cory Diary : Forest Woods

Almost 70% (357) units of Forest wood Residence (OCR) has been lodged with URA website. Price range between S$1300~1500 psf sitting on site area of 150,712 sq ft.When North Park Residence first launched, it was a success too. Both private condos are in prime locations and 12F. I remembered complaining how small the units and felt this will only get smaller considering TDSR limiting the … [Read more...]

Cory Diary : Astronomical Returns

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I have been seeing astronomical returns from some forum recently. It easily get people attention. That's what it does. But what's matter at the end of the day is how much you truly made at specific time frame. Why I say that is because market goes up and down. And relative performance measures need to account for time frame with reasonable period length to allow for stability. STI … [Read more...]

Cory Diary : XIRR Performance – Q3 2016

The Market comes down a little on the last day of Sept. For the past few quarters I have been enjoying the bliss of cutting loss quicker and holding bull stocks longer. This is a rather fundamental change in my mental decision which takes a long time to overcome but necessary. So far, overall I have been right.Some of my actions I took is to clear LKH to focus on my portfolio better. I bought it … [Read more...]

Cory Diary : Calculating Return in Equity – Part 2

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In this continuation of calculating equity return, let's simulate a scenario that on certain years we have very good returns. And we feel rich that during that periods, mentally we think we can afford to lose. This can be at portfolio level or Individual Stock that we have grown to love. As the table above, I picked year 2009 and 2012 where Cory has strong gains and have them tweaked about 50% … [Read more...]

Cory Diary : Calculating Return in Equity

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When I look across STI Index back 10 years there are 3 major down levels. If your investment have survived this three crisis give yourself 2 STARS.1. 2008 US - Sub Prime Financial Crisis 2. 2011 European - Greece Crisis 3. 2015 China - Stock Crisis When we start measuring our performance matters. Anyone who invest right after 2008 bottom will most likely survive well today especially for … [Read more...]

Cory Diary : Taiwan Housing and Pension System

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In an ironical twist, Taiwan DPP (Green Party) recent elected president policies direction is moving towards what Singapore has been doing despite the blue camp is more "Pro" Singapore. Of the 5 Major reforms, two of them is deep in Singaporean heart. Constructing 200,000 units of social housing for lease to low-income citizens Taiwan problem isn't just about wealth gap. The main issue is the low … [Read more...]

Cory Diary : Cut Loss , Part Two

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Has been holding this post in draft bucket for more than 2 weeks. Putting numbers to simulate scenarios on price going down trend. The figures are arbitrary. Is not meant to encourage anyone to cut loss on any particular stock. Is meant to educate myself on risk management.B - Buy , S - Sell Cutting loss at one go as in scenario 1 , 2 and 3 at different price points. Losses ballooned. How … [Read more...]

Cory Diary : Hyflux Preference Shares Part 2

Just as I have written recently on Hyflux Preference, they decided to play punk. Thanks to Swiber ! We have a lesson learned. Will the macro stock market get worst. I think it can, considering poor Singapore economic performance. But fixed returns are kind of "Protected under Lehman definition haha " provided the firm continues to be alive.Before you read, I like to warn again. For those who see … [Read more...]

Cory Diary : Cory Worth and Markets

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Overview Net Worth slip back to mean growth after last year Chinese Market onslaught. China market went feverish which I anticipated it will fall as it does not matches with Xi anti-corruption drive. When the brick hits my chart still went for a dive and ended up with a lower gear of the continuum norm.We are now slightly a quarter period more before 2016 year finish and I hope we did not hit a … [Read more...]

Cory Diary : SEMBCORP MARINE LTD

I feel history today and do a quick study. Is like a review after a great battle. I am not vested in Oil and Shipping Industry directly but that doesn't mean I should not read up on it. So whatever I find and understand is subjective and conclusion could be wrong. Started with an article from BT dated FEB 16, … [Read more...]

Cory Diary : Misleading CAGR

Smoothed return It assumes a smoothed return over the period that’s measured. In reality, investments experience significant short-term ups and downs. Be careful when you are sold with 1 Year to 8 Years performance. On 7-8 years, there's a low due to GFC that time in 2008 on crash and huge recovery. All monkeys able to perform. Fine ! Not all monkey just "99.5%". Size of fund What this … [Read more...]

Cory Diary : Did DBS got SWIBER’ed

The Swiber collapse put a possible dent of $350 M into DBS after secured. Unsecured asset to me doesn't mean no value, just much lesser especially during a poor market condition. Even then, I am surprise the total loan exposure is in the tune of $700 M. In my previous reading just 2 weeks ago on Q1 DBS result, it has a profit on $1.234 B. It has an allowance in the report of $170 M.If is a one-off … [Read more...]

Cory Diary : Fascination with XIRR

XIRR is a feature use in Excel to measure rate of returns. Best for measuring irregular returns such as stock transactions. XIRR is also the formula we enter in Excel spreadsheet to measure investment performance in a compounded way.Just type in a single cell in the Excel "XIRR(" and a help note will appear "XIRR(Values,Dates,[guess])". Values is the value of your trade transaction. Date is the … [Read more...]