Author: Got Money, Got Honey!

2016 New Year FD Rates

Just visited some of the different bank websites to do my ibanking and noticed that some of the fixed deposits have been updated and they are looking for new customers. Many of them are only valid for a short while, so if it perks you up, why not? Based on the “standard” that people like to compare, which is a 12 month lock in and about $20-25k initial minimum, the best looking bank is Stan Chart which pulls away from CIMB by a hair of 0.05% more returns, but for $5k more minimum initial deposit. For quickies, we once...

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Booking some Happy New Year profits!

Back on 4th November, I posted about this particular chart pattern that I saw, along with some reasoning behind my trade. I would argue that since then, things are actually looking worse for the long term picture! I actually have been building up a short position since mid October on the US indices, but since then they have steadily rose until my post on 4th Nov. Cutely enough, that was the day that I decided to double down on my position and I pretty much maxed out the available margin in my CFD account. Anyone that has played with...

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Hello 2016!

Less than a month ago I took a furlough for 2 weeks and came back til the end of the year. I’ve been away gallivanting in another country over the new year this past week, which is the reason why I haven’t been around to make snide commentary on the ridiculous markets. Next month I’ll also be taking full advantage of the CNY period to run away from relatives and have my first solo trip of 2016. I’ll probably be giving an update on my recent holiday – or not (I’m feeling a bit lazy to do it), but...

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Singapore Savings Bond: Dec 2015 Review, Feb 2016 Preview

Hey everybody, here’s my monthly post on the SSB closing and the forecast for next month. I’m trying to streamline my posts to make them more condensed and info-packed in a regular structure, so it’s both easier for readers to quickly digest the article and for me to pump them out on a regular basis. Last month I previewed my guess for the Jan 2016 SSB, and I also made commentary on the take-up rate of the previous Dec 2016 issue. First up is the news regarding the 2016 issues. This news actually came out on 1st Dec as...

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#GivingWeek 2015 Update

This is the update from my previous post at the start of the month. Anyway, this is just me showing my accountability that I do what I said I’ll do. I found out that the SGGives website which I used the previous year is actually closing down to make way for giving.sg, which make sense since they needn’t be 2 websites that essentially do the same thing. The giving.sg website feels a lot more laggy though, it did take me quite a long time to browse through and finally donate. I have a friend that volunteers weekly out of...

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Secret 10% Cashback Credit Card!!!

Don’t say I got lobang I don’t share hor. I got top secret info about probably the most sick rebate credit cash that Singapore will see! Unlike how the OCBC Frank had their perks REDUCED (yes, I forever hold this grudge after letting me taste the forbidden sweet water of 6% rebates), CIMB is re-vamping both their rebate cards to dole out whooping 10% rebates! Here are the important things to note: These changes only come into effect Jan 2016 You need to make 8 transactions of $30 each for that month Total minimum spending of $500 per month...

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OCBC Property Report

This is just a quick post about a property report by OCBC which I just read. To quickly summarize, they are forecasting a price drop over the next 2 years of about 10% due to oversupply and rising interest rates. Interestingly they are explicit to point out that although they do see removal of government policies given a deep enough correction, that would not be the all-clear sign and the trend would still be a bear market. I have to agree with them on that point, which of course real estate agents would not like to hear. Many people...

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GMGH’s Young Working Adult Financial Starter Kit

I have juniors and friends who are just starting to join the working world and I realized that many of them have absolutely no clue when it finally comes to taking over their own personal financial matters from “mummy and daddy”. I’d just like to share my personal opinion of what I would consider a pretty decent beginner’s “Starter Kit” for people joining the workforce. Sure, it’s definitely basic, but that’s because it is meant to be. Are there better alternatives? Yes, but of course those advanced players should feel free to go straight for an “Expansion Pack” if...

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I’m Back!

Wow, it’s been a long time! I was away for quite a while, but it wasn’t for a holiday like most people would expect. Actually, I was away for reservist! Well, that just means that I still do have a year-end holiday coming up. Aww yeah. Since I’ve been away, the market has become a lot more interesting. Let’s be honest, shall we? The default “everything is awesome” mode was getting pretty boring. Watching the S&P play ping-pong with the 2100 for months has been mind-numbing. Where’s that “multi-year breakout pattern” that’s supposed to rocket the stock market out...

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#GivingWeek 2015: GMGH Annual Charity Donation

  This week is #GivingWeek. #GivingWeek is organized by the National Volunteer and Philanthropy Centre, but shoutout to TurtleInvestor for informing me about this so I can incorporate it into my post. #GivingWeek aims to encourage people to engage in 3 activities: Volunteering, Donating or Fundraising. Personally, I will be donating money. If you have any reservations about making a donation, perhaps knowing that there is a special SG50 300% tax deduction this year on your donations might help push you over the fence and be the encouragement you need to take action. Similar to what I did last...

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Precious Metals Update 2015

A couple things to talk about today: Gold’s Correction Analogues Price of Gold in SGD Brand and Size Stacking Preference for the Future New Competitor: DK Bullion Tiho from ASSOL has updated his gold analogue chart showing the previous bear markets in gold. As you can see, the general trend before this current bear market used to be that the longer the bear market goes on, the shallower the drawdown from it’s peak. However, this current bear market has shown us that history is not exempt to exceptions and this bear market is currently the officially 2nd longest bear...

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Are REITs Attractive Now? Nov 2015

I just read the 25 Nov report by Credit Suisse. Good job Nicholas Teh and Daniel Lim, I like your research, steady la. This is my favourite chart which is their opening chart. The data agrees very well with my logic: Retail should yield the lowest since retail options are rather limited in their location choices. Offices should be next up, since having an office is a rather essential business function. Industrials are slightly riskier since there are alternatives, such as relocating across the border. Companies might also shutter their industrial operations and focus on asset-light services. They would...

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Becoming Anonymous and Staying Safe on the Internet

When I first start blogging back in 2013, I actually had my name and some tidbits of information about me in several posts on this blog. Of course it didn’t matter at all. I was practically the only person reading my own entries for months. When I finally become more popular, I realized that perhaps I don’t want the whole world to know who I am, so I went back in time to do my own version of 1984’s negationism and removed (hopefully) all traces to real self. Perhaps the only vestige of my former self is that blogger...

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Ugly to you, Beautiful to me

As many know, I have a mental issue that makes me want to buy stocks that are going down… say what? Yes, it’s true. It’s been hard coping with this. I don’t tell this to many friends and family about this because I know they will counsel me. I only have the safety of being anonymous on the internet that I can have the courage to say this. The stock market is Singapore is being bad, and I like bad. Give me bad. Here are a list of several stocks with butt ugly charts that I am considering dipping...

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SKILLSFUTURE Directory Launch!

Mmmm, news by CNA, the SkillsFuture course directory website is up! So, what is SkillsFuture about? Here are some screenies to help you along so I don’t bastardize anything by opening up my mouth. I am personally excited about using my SkillsFuture credit next year! I have written about some cool things that you can use the credits for, but I guess with the directory up, I will browse around a bit more and see if anything else is interesting. Ideally, in the truest sense of what you SHOULD be using using your SkillsFuture Credit (SFC) for, it would...

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