Author: Got Money, Got Honey!

When Minimum Wage Backfires

Case #1: Walmart Walmart raises the minimum wage for its employees to improve worker morale. However, the opposite effect has taken place. Current senior workers who have been working for many years have suddenly realized that brand-new employees with no experience or knowledge would be getting salaries similar or slightly below them. Many senior employees are extremely dissatisfied and feel like their contributions and efforts over the years are being under-appreciated. Case #2: Gravity Payments (Source 2) COE decides that everyone in his company should have at least an annual salary of USD $70,000. The people in the most...

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The Dollar-Oil Relationship

Personally, I am in the view that we are very close to a bottom in Oil. The worst declines of the rig counts seem to be over. The market is extremely negative on Oil. The only factor that isn’t playing nicely with my thesis is the USD, which I think is the most important factor of the 3. Why? The good guys from Market Anthropology make awesome observations like this. If the USD tops out here, we would see Oil make a bottom and head higher. So what is the USD doing and what has it done before in...

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SSB vs GE 2% Guaranteed Saver

After reading this post by Dollars and Sense, plus seeing a flood of recommendations and also infographics like this being shared around on my newsfeed, I decided to talk about this. Let me be very clear and upfront. I do not fancy insurance and insurance agents. That’s just my personal bias. I have to talk about insurance even if I don’t like it, because insurance is part and parcel of life. In all honesty, this GE promo actually looks quite pretty decent, as far as an “insurance” product is concerned. However, this isn’t insurance in any shape or form,...

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[XMM STI ETF Investing] July 2015 Update

It has been quite a while since my last update. I have been updating on my spreadsheet monthly, but I always forget to post up my review. As mentioned previously, this will be my attempt at having a monthly update of the small portfolio that I am running for my sister and mother. The aim to have as little downside risk as possible, and maximize returns from there. No changes to the portfolio this month, I am still playing it safe because the STI doesn’t seem to offer any very compelling entry points yet. It looks fair valued, but...

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[STI Statistics] July 2015

Hi all, this is my monthly post analyzing the STI. As of 31 July 2015 STI Closing Value: 3202.5 P/E Ratio: 12.80 P/B Ratio: 1.23 P/CF Ratio: 10.49 Dividend Yield: 2.87 Monthly Data Series from 2008 Mean P/E: 12.29 P/E Standard Deviation: 3.09 Mean P/B: 1.46 P/B Standard Deviation: 0.21 % of time when the STI is cheaper based on P/E: 56.49% % of time when the STI is cheaper based on P/B: 13.62% Comments The P/E and P/B ratios are still telling conflicting stories about the index. Based on P/B, the STI is almost 1SD below it’s mean....

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The Italian Dream

Friends that I know that come back from Europe all mostly tell me the same thing: They want to live in Europe. While they were merely on holiday there as a tourist, I actually lived there for several months and I was even a Permanent Resident (yes, I had discounted public transport and free museum access, whoopdeedoo). Visiting a city or country as a tourist is an entirely different experience from the reality of the daily grind. Life as a tourist is usually better than your daily work regardless of destination, unless you’re a shitty tourist or have a...

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[SGX Portfolio] July 2015 Update

As mentioned previously, this will be my attempt at having a monthly update of my SGX portfolio. I have also updated that page to include the historical growth of my portfolio. I find it personally encouraging to know I’ve come so far from where I started. Hopefully other people may be inspired and also decided to embark on their financial journey. “The journey of a million miles begins with a single step” Anyway, here are the current stats of the portfolio as of end July 2015. Total Cost     $16,853.80 Unrealized Gains -$691.25 Accumulated Dividends  $557.06 Realized Gains $628.89...

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Eatical Cornflakes of Interest?

It was just only 2 months ago that I wrote a post about blogging for money and I highlighted how many lifestyle and food bloggers make thousands from writing up editorials, posting pictures on instagram and tweeting about it. The reason why I know this is because I have friends in the marketing industry (I seem to have a lot of friends telling me industry secrets hor?). Interestingly, the Straits Times decided to come out with an article about food bloggers who make money from blogging. Traditionally, how can blog owners make money? My friend was talking to me...

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Time for the bottom in Oil?

From 1 year ago, Keppel Corp has fallen from 11.1 to 7.95, which is a 28% decline. Semb Corp has fallen from 5.48 to 3.77, which is a 31% decline. At the same time, WTI has fallen from $102 to just $47.50 a barrel. It seems that both KepCorp and SembCorp has been trading as equity proxies for crude oil itself. If oil goes down further, will both of these counters drop even more? If the stock market suddenly fall, will both of these counters drop even more? Personally, I think that we are seeing the final gasps for...

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SBB or Fixed Deposits?

After reading the Straits Times article yesterday and Kyith’s post on Investment Moats, I just wanted to share my thoughts on this. Here are the 2 data sources, 1 from the ST and 1 from FSM. As you can see from the FD promos, for 1 year maturity, rates ranges from 1.45% up to 1.8%. Comparatively, to hold an SGS and get similar yield to that requires 4 years. Knowing this is one thing, but how do you apply this knowledge to decide if you should put your money into a fixed deposit or SBB? This is just my...

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I Like Ugly

Honestly, the market is boring the hell out of me. There is nothing interesting anymore, which is why I am blogging less frequently. Anyway, I’ve been looking at local stocks and I’ve found quite a few ugly ass stocks which I am considering to buy soon. Ascendas HTrust Asian Pay TV BRC Asia Capita Commercial CDL HTrust CNMC Goldmine F&N Falcon Energy Far East HTrust Golden-Agri Hotung Inv HPH Trust Keppel Corp Mapletree Commercial Olam OUE Limited Sabana REIT Second Chance Sembcorp Industries Sin Heng Mech Super Group Suntec REIT It’s a long list of stocks, and I don’t...

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Going Nowhere Til We Get Somewhere

Dear Bob had quite a few nuggets of wisdom to share, but I like #4 best, which is: “Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways” Based on capital returns of the SPY as a proxy for the S&P500, capital returns has been a whooping 14.7% annually compounded over the 5 years. Exponential rapidly rising market? Check. Add this to the fact that the S&P500 has been pissing around 2040 and 2140 for the past 6 months, which is an extremely tight range of about 5%. Going...

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Back Up The Truck Boys, This Is It

This chart is from Tiho at ASSOL. Gold miners have been slaughtered and down pretty much 50% in the last 12 months (link to GDX charts). The 10% drop yesterday was spectacular. My total position is probably down about 30% I think, and it is a rather large position. I was buying at -15% 5-year compounded returns, but we’ve been just been drifting lower. Too early maybe? No matter, I’m grabbing my balls and hitting this for another round. I’m increasing my position in the miners by 25%. The 5 year compounded rolling returns of the Philly GSI is...

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Cold Yet Or Not?

  “Eh, cold yet or not?”   “Mmm… like no leh.”   “Orh, then wait lor” ST reports that MAS MD said that “the softening we’ve seen is really not all that much”, “So its still premature to consider removing any of the cooling measures in place”. I don’t really care that much what property experts / industry experts / analysts / your property agent says unless you are telling me that they can affect the outcome of such decisions. Don’t even need to try and guess when they will remove the cooling measures. They haven’t even reached the...

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Singapore Savings Bond starts 1 Oct!

Wa hot hot hot, fresh off the press! As CNA reports, and confirmed by the MAS press release, the issue will begin on 1st October 2015 and applications for it will start 1st September 2015. Personally, I’ll just apply for perhaps $1k worth of the SSB so that I understand how it works and the whole process. The reason why I will not be chionging for as much as I can is because I am sure that there is going to be much better opportunities at hand in the near future. People need to know when and why they...

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