Author: CoryLogics

Cory Diary : Expenses needed for Retirement

First of all, calculation is futile if we do not consider Inflation and Reasonable Lifestyle. This is not saying Medical is not important but major expenses are covered by Insurance and/or CPF Medisave/shields. Getting the right coverage on hospitalization cost is important in my opinion. But trying to jack up your retirement amount to anticipate payment for serious illness that cost say $300 K direct from pocket is not meant to be as typical retirement plan that is realistic to be prepared for many. For the start i will not retire till i meet my minimum requirement lifestyle. After...

Read More

Cory Diary : Measure of Success in Life

There’s an online discussion recently on the measure of success in life.Someone say able to spend like $2M annually … Another conclude from Warren Buffet still lives in his old home while Bill Gate in Huge mansion. Gate succeed …and Warren a failure One says  “live simple life better; got money spend; no money save up to get what u want…then tats your achievement fulfilled” Most people probably want to measure by marriage and children. Maybe with a car and home thrown in. When I was young, i do quite badly. Normal Streamed and still last 10 in class...

Read More

Cory Diary : Save Your Saved

Trying to control my excitement this afternoon in staff meeting. Just as soon i have gone through the weekly agenda, i pulled up the Compound Interest Formula to the projected screen. A 10 minute effort before the meeting started while i was waiting for everyone to arrive.”I like to show something to all of you today. Here’s the formula of compound interests for $1000. Year 1, 3%, $1030 … Year 5, 3%, $1159 … Year 24, 3%, $2033 Your money just grow and doubled just with 3% annual compounded after 24 years. Now think it this way, if you...

Read More

Cory Diary: Property

Visit a show room recently so thought i pen something to share from my learning just on this. Elsewhere maybe different as i am no property expert. Read this as my personal thought talking to myself and not advise. Room Size The show room units are truly well designed. Is a promise of future living. However rooms are really small if you are “HDB type”. And if you plan to wait longer so that it can grow bigger in future, we may need to accept it that is not going to happen even if price gets significantly lower. Decoration...

Read More

Cory Diary: World of Warcraft (WOW) Online Economy

Every time when there’s a major patch in the WOW game, there will be new contents, game play change, new crafting materials and more character levels. In addition, the currency in the game using Gold coins will have suffer significant Inflation Spikes. Soon after several rounds of patches (analogy to Economic Cycles), ones will learn the pain of inflation and the obsolescence of old materials used in crafting or consumption. Few facts in the game. There’s aren’t property and coins are virtual (not backed). The best way to beat inflation is to work to provide service by helping to...

Read More

Cor Diary : Gold Metal

Recently i have been trying to simplify my investment yet achieve the stability and diversification needed. Everything is up for review. Few things I did so far. – Increased by holding in STI ETF and Bond. – Sold DBS Preference Shares. – Sold significant portion of my USD and NTD – Build up some cash by taking profit on a number of run up stocks I could not find a suitable equity to re-balance into currently. Probably need to find an entry point some time later this year. Another area i am looking at is metal. Gold has been...

Read More

Cory Diary : Falling Knives

In stock investment my thought is always about Capital Preservation. Thus, if we take care of the down side, we win mid to long term consistently. What does this actually means ? 1. Avoid landmines by not going into their field no matter how attractive it is     S-Chips, Commodity stocks 2. Management Integrity     Any listed companies screw me once (that works against minority shareholder), i will ban them for life 3. Industry Issue     A good example i think is shipbuilding/owner.A rather competitive industry which will stay that way. 4. Look for Reasonable Dividends...

Read More

Cory Diary : Remembering Lee Kuan Yew

Watched the ST Video on Remembering LKY. My tears keep flow down throughout the hour long play. Maybe two … i dunno why. Mr Lee has been there throughout my life. I saw him once in real person faraway when Hougang Mall was first opened about 20 years ago i guess. Fifty meters away across the open central space from a level high. I was contented. Many things we have taken for granted today do not come by chance. English gives me a good job. We have a garden city. A safe country. A strong economy. And a credible...

Read More

Cory Diary: Starhub Cash Flow

To start with, i have position in this and need to assess my risk level. With the AR just published is time to do a quick review.QvQ Results Rev up 5.1%, Profit 10.1%, FCF 48.7 M (tripled up) FY14 – FCF 333.3 M (~14% Increase) – Finance Expenses $22.6 M Annual Dividend : 20 cents (S$347 M) Borrowing : $687.5 M (~3.29% interests using Finance expenses) Shares : 1,733,188,000 “As at 31 December 2014, the Group’s cash and cash equivalents amounted to S$264.2 million, slightly lower than S$266.9 million a year ago.” Thoughts The increase in FCF means they could...

Read More

Cory Diary: Reading up on Challenger

Notes taken as i read the AR. Three months Ended 31 Dec 2014 QvQ Comparison Revenue : 11% gains. 400k more profit than 2013. A nice 1.43 cents EPS from 1.32 on the backdrop of lower YoY. Do note that the full year revenue reduction actually comes from both Singapore and Malaysia geographical segments. A nice surprise that this Q beats prior year. Rental : Increased about 500K. A major cost on profitability. Operation: Stable inventory level and operation cash flow. Some capex investment noticeable. Management: Propose dividend of 1.25 cents. There’s indication management is well grasp of the business...

Read More

Cory Diary : Perils of Currency Wars

Notice a dip in Singapore Dollar strength recently and took the opportunity to do some currency change. In fact i did one more yesterday. With the announcement of slower rate of strengthening, the first impression is we are on the same direction gradient path, just less steep. Relative to USD, we have been weakening for some time but not against currency like other Asian Currencies. Maybe is due more to the Euro$ weakening which S$ likely to have exposure too. Here’s my trades. S$76 is the saving if i have done my first trade a day later. Don’t get...

Read More

Cory Diary : Portfolio Segments

Thanks to Tony Robbins new book called MONEY Master the Game: 7 Simple Steps to Financial Freedom, I get to know Ray Dalio. He has strong believe of 4 seasons portfolio that can weathers across the economic cycles at all times.Here’s the asset allocation that Dalio came up with for this strategy: 30% Stocks 40% Long-Term Bonds and 15% Intermediate-Term Bonds 7.5% Gold and 7.5% Commodities Here’s mine. Cory Portfolio Structured : Preference Shares and Bonds. Ray’s bond  ~55% in total. If i include relative higher fixed returns from  RMB and AUD, probably about 25-30% range which is about half from...

Read More

Cory Diary : Excited of 2015 Entry

A number of bets in 2014 are for 2015. There are still some tasks to follow through. If everything works as planned, good performance at least in the 1st half of 2015 should be expected. Why I say that ? The Good News Low Oil Price will be good for the Economy. From automobile to plastics. America continues it recovery path and interest rate will be low. More lands are released for Industrial Purposes. Populations expect to continue to increase. With Property and COE at relatively lower level, larger saving will be churned for equity investments. The Bet Went...

Read More

Cory Diary : Spending

One of the most darning task to me is to track my expenses. Tried a number of times to track it but just do not have the patience to continue despite being a fan of spreadsheet with the formulas everywhere to compute my investments and net worth almost instantaneously with currency fluctuation, equities, bank saving to pensions.I do spend little on myself materialistically. I do buy computers and gadgets occasionally. Some travels, books and gifts, relatively expensive restaurants, taxi, good massage and parental allowances…da da da de da. Then it dawn on me that since i have high saving...

Read More

Cory Diary : Dividend Returns

When i started investing many years ago is for the gamble and earning quick money. I dabble in Warrants in the days when they are extremely popular. And made good money like $10K total in/out trading them despite my business work schedule. It was day where the market only knows how to climb. Danger of Warrants I did fell once where my “Tang” expired and went with my $1500 in smoke. I remember my broker screaming at me pondering whether i know what the hell it is, and i kind of laugh it off in my head. But i...

Read More




Like us on Facebook

Follow us on Twitter