Author: Got Money, Got Honey!

[SGX Portfolio] August 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 August 2015. Total Cost     $19,338.90 Unrealized Gains -$1,588.17 Accumulated Dividends  $642.92 Realized Gains $628.89...

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Ostrich Risk Management Strategy

If you don’t know the risks, they don’t exist…. right? If you can’t see the risks, it means there there aren’t any…. right? That is the Ostrich Risk Management Strategy (ORMS). I have met many people who are blissfully unaware of how to deal with risks, and this is especially painful for me to watch when it involves finances. I cannot tell you the number of times people have told me that since ETFs are diversified, they are the not as risky as other investments, and therefore are the best investment to buy. Of course, this is completely wrong...

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Slow Down

With the markets jumping around and everyone throwing out calls for tops and bottoms all over the place, everything is getting noisy. You know things are noisy when suddenly traditional news media feels inclined to explain the drop in stock markets and what it means for everyone. Another sure sign is when people with no knowledge about the markets are out on social media sharing articles and opinions. I’m just casually managing my sister’s and mother’s combined portfolio according to what I’ve planned and thought about for the longest time. Very little “feeling” is involved in managing the portfolio....

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Short Update: The pain lingers

The SSE is down 7.6% again today. Oil is still at the $38 handle. Fundamentally, I think things can get a lot much worse for stock markets, especially since there is a huge mismatch between price and fundamental values for many developed markets. The stock market isn’t the economy, and the economy isn’t doing all that great in my opinion. The Shiller PE is still at 24. Normal PE is at 19. This is madness, especially when the STI is trading below 12. “Low interests rates means higher multiples”, they say. Whatever. However, technically short-term indicators have flagged oversold...

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Short update: Expect pain

Just a while ago it was -8.20% and it hasn’t even reached the half day lunch break yet. Things are getting ugly in the markets, but unfortunately, I believe that we haven’t even seen the big down moves yet. Oil is almost on the way to tag the $38 handle, which is crazy to imagine. I personally do not believe that such low oil prices will be sustained. This plunge seems to be clearing out the non-believers, and I will gladly jump back onto the O&G play when I smell it bottom. The US markets ought to open red...

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If you already set your GPS, just follow it

If you already have a plan, the path before you is already defined. It doesn’t matter that you can’t see what is ahead right now. Follow through on your plan. Just trust that you had studied well and applied that knowledge to craft out a good plan. I am currently enacting out my STI ETF accumulation plan. This will help me overcome psychological fear of investing in a falling market. The principle behind it is based on value averaging and it is a very sound principle, especially when applied to an investment vehicle like the STI ETF. The further...

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Shorts Fired: Silverlake Axis

No, I did not short Silverlake Axis, I am not a malicious short-seller! But the guys that released this report most likely did! Silverlake Axis has been accused by razor99 for multiple infractions: 1) Complex and deceiving corporate structure 2) Alarming reliance on related party transactions 3) Self-dealing and related party acquisitions 4) Large undisclosed loss-making related parties 5) Undisclosed off-balance sheet debt 6) Chairman’s history of fleecing minority shareholders 7) Unrealistic profit margins compared to peers 8) Declining product competitiveness and bribery allegations 9) High valuations And did the report have any effect? Well, as ST reports, trading...

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Resist….. Temptation….

Regular readers know that I have some mental issue. When I see red charts, I get damned turned on. There are plenty of charts that looks like shit. I just want to scoop them up and smell the steaming fumes that are fresh from it. I was going to make a list of names that look like shit to me (means names which I am very interested in), but then I realized that TOO MANY of them look like shit. Look at OUE Comm REIT. Or Far East H Trust. Or Starhill Global. Oh gawd. Jizz in my pants....

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Aspial 5.25% Retail Bond Thoughts

First off, contrary to what the Straits Times believes, I do not think that the Aspial 5.25% bonds are in competition with the Singapore Savings Bonds. Such bonds are in no way an alternative to the government-backed SSBs. The main difference is the default risk, which is why corporate debt is always priced to a premium to government debt. The SSB is a risk-free way to squeeze out more yield, whereas corporate bonds are reach out for more yield by taking on more risk. Governments can just print more money to pay back obligations. Companies cannot. Giraffe Value wrote...

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I Support the Silver Support Scheme

CNA reported that parliament has just approved the Silver Support Scheme (SSS) which will give low-income elderly a stipend of $300 – $750 every quarter to supplement their income. To my relief, the report mentions that the elderly will be means-tested to see if they qualify for the scheme, and how much they would receive. One of the main points highlighted is that the SSS is not a substitute for retirement income and it is only meant as a supplement. Earlier this year, SingFirst (some random opposition party) came up with an article on how they would spend our...

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What’s Your Real Cashback %?

Today I decided for the heck of it to check out what’s the total value of my cashback that I’ve received for 1 year. I went to look through my e-statements from OCBC and I made the table below: The credit card that I have is the OCBC Frank card. It’s a pretty simple and straight forward card. You get 6% rebates for online spending (cap of $60 per month) and 0.5% rebate for everything else. My spending is on average about $800 per month, but this excludes the big bumper month of January that saw me drop a...

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My 2 cents on local politics

I just read this post by Cassidy from Swinging Singapore and I think it is really almost exactly whatever I have wanted to talk about. Anyone that says the gubbermint takes our CPF because they are broke, please GTFO now. You clearly must have been accidentally linked here from the usually cesspools that you lurk in. You would not enjoy my pro-PAP post. There all this crap about the “old guard” and how the OLD PAP under LKY is so awesome with unicorns and shit. Of course they have to say that, since we all collectively agree that Singapore...

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SMARTER financial planning beyond 50: Property Downsizing?!

In the Invest section in today’s newspaper, Lorna Tan talked about 8 issues that people approaching retirement should be looking at. I really like the bucket approach and I think it is the most prudent way for someone with zero prior financial planning to start preparing for retirement. For people that have already started their financial preparations way in advance, the only takeaway is that it would be optimum to have such investments be matured or ready for withdrawal over a period of time to maximize their returns, rather than to have them en masse mature at the same...

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Do You Have Expensive Tastes?

I was actually halfway through a draft of this post when I saw this article by Just Some Thoughts regarding the exact same topic. That pushed me to finish up my post on this topic. Everytime I go and eat my favourite wanton mee, I always think to myself, “Damn, my life is bloody awesome that I can eat this whenever I feel like it!”. I always have a good meal and a good day after that. For a bowl of wanton mee, it is definitely not cheap ($5.50 for a big portion). But when you compare it to...

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Hanging out with Giraffe Value

Today, Giraffe Value wrote a post where he interviewed a very handsome blogger, which is none other than myself. Haha, walao so bhb max. Okay, just kidding. I actually quite fugly, that’s why I never show picture. It’s okay, fugly nevermind. As long as got money, got honey, right? (women are tracing my IP address and plotting my murder right now as we speak) Anyway, jokes aside, since my blog is run like a dictatorship, it never occurred to me to talk about what other people might what to know, instead of forcing people to read the insanity that...

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