Author: Got Money, Got Honey!

Singapore Savings Bond: Mar 2015 Review, May 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. I have made a similar posts in previous months, and I think I will stick with this format. First up is update of the subscription of the previous issue. As previously mentioned, the SSB will probably have $300 million available to be issued every month...

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Saved Money by Being Lazy: Food Delivery

In this modern world, things are crazy and upside down. On this long Easter weekend, I decided to spend my Sunday at home being lazy, watching some dramas, reading some chapters of my book and tidying up my areas. Naturally, I was too lazy to be bothered to go out and face the frenzy of the long weekend crowd. Traffic would be bad, people would be everywhere and queues would be long. No, instead I opted for the lazy method. I decided to order in some food. Now, as many of you might know, with the arrival of Food...

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Just some commentary

Hi guys, sorry for the lack of updates recently. The market has been dead boring, so there really isn’t anything much to talk about regarding market moves. Perhaps tomorrow with the budget announcement, we’ll have some juicy topics to talk about. Just some quick commentary. I recently found out about InvestingNote and you can follow me on my profile here. I’ll probably be using this site to make commentary on stocks, but most likely mainly for the STI ETF, as well as names that I personally monitor. I like that it is a web-based site that can load up...

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Singapore Most Expensive City To Live In?

Since a few days ago, the same annual survey that shows that Singapore is the most expensive city in the world for 2016 has made news and has once again riled up all the strongly opinionated Singaporeans to weigh in with their expert commentary about how it is so fucking unlivable in Singapore due to the increased “costs of living”. And of course if you look hard enough, you can find the hardliners who think that socialism and having an alternate government would make things better for everyone. Whether or not that is true, I leave you to examine...

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[SGX Portfolio] Feb 2016 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 February 2016. Total Cost     $27,175.90 Unrealized Gains -$3,208.90 Accumulated Dividends  $1063.77 Realized Gains...

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SGX Portfolio Back In Profits

With the market making its miraculous recovery over the past 2-3 weeks, my SGX portfolio has been having phenomenal returns. Counting my realized returns (banked) and dividends collected (banked), it is now more than my unrealized losses, meaning that I am finally back in the positive zone! Also cute to note, both my gold miners position and precious metals portfolio (which is much larger than my SGX portfolio) is now positive as well. From being -32% and -7% respectively, shooting back into positive territory makes me rather happy. (However, I do think that the rally in precious metals has...

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Dollars & Sense Calls Out CNA Crap Reporting

Dollars & Sense recently posted a really good article that tackled the very very shoddy reporting of the Bibidari BTO exercise. The mistakes pointed out my D&S are very common ones made the financially unsavvy, confusing ratios and rates and making assumptions. However, freaking CNA should not be making these kind of very basic mistakes. A 12.8 oversubscribed ratio means something very very different from 12.8 per cent application rate. In fact, the error is HUGEEE. The reported 12.8% rate is 100 times less than the 1280% oversubscription. That’s a freaking huge margin of error. Unforgivable. The misinterpretation of...

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A Little "Hot" Down Under?

“Insane. That’s the best word to describe the Australian housing market.” I just saw this video and it’s crazy. I knew housing in Australia was crazy when I first heard about the interest-only mortgages, but I didn’t know that 50% of all new mortgages were interest-only! If you read the recent 12th Annual Demographia International Housing Affordability Survey, you will see that surprisingly (at least to me), Australia is considered more expensive than Singapore, with Syndey coming in as the 2nd most expensive city just behind Hong Kong. Watching this clip reminded me a lot of all the financial...

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Singapore Savings Bond: Feb 2015 Review, Apr 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. I have made a similar posts in previous months, and I think I will stick with this format. First up is update of the subscription of the previous issue. As previously mentioned, the SSB will probably have $300 million available to be issued every month...

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Mystery Financial Product Revealed: Credit Co-Op!

Congrats to Alex, the answer to the mystery financial product that I mentioned was actually the savings plan of a credit coop! To be more specific, it is the Share Capital and Subscription Savings offered by the Police Co-Op. In Singapore, there are actually 25 credit coops (full list of co-ops here) that offer something similar. They all pretty much have a simple saving scheme and offer loans to their members, which is actually a pretty nice and nifty alternative to the traditional banking system that we are all so familiar with. Actually, I wouldn’t be surprised if many people...

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Mystery Financial Product: Would You Buy This?

Processing Fee (One-time): $20 Minimum Initial Investment Amount: $150 Subsequent Recurring Investment: $40 – $200 (monthly GIRO) Annual Dividends: Cash payout, variable between 3.50% – 4% Investment Duration: Indefinite Investment Pause / Deferment: Not possible Unique Feature: Loan from your own contributions, except for last $500. – Short Term Loan (1-6 months): Interest charged at a flat 0.25% of loan value per month. – Long Term Loan (1-5 years): Interest charged at flat 3% of loan value per annum. Full Withdrawal with Termination of the product (Surrender Value): Receive back all contributions with no penalty, only loss of processing fee. Can...

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About Them Recent Gold Moves

Wow, gold is back to the $12xx eh? I thought we were going to crash through the $1000 support level and eventually head to $0 since we’ve got a barbaric useless piece of shiny shit on our hands? In about the span of a month, my gold miners position went from being a very sad -32% to a -9% now. My precious metals portfolio (those available-for-sale) went from from being about -7% to a positive 4% now. In relative terms, that’s about a 20% and 10% gain in each respective portfolio! FYI, my gold related positions are way way...

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GMGH’s Holiday To Tokyo, Japan!

(I’m going to try to follow the format I did for my last NZ trip!) Like I mentioned last week, I went for a nice vacation over the long Chinese New Year holiday this year. I’m now back in Singapore and I’m missing the lovely cool winter weather. The mystery destination this time was… Japan! Airfare Right of the bat, the first thing that pushed me to select Japan was the crazy, unbelievably good priced tickets that I managed to snag. Actually, I was all prepared to fly budget to Japan, considering how I heard that normal tickets on...

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Escaping CNY, Bye Bye!

Here’s my favourite Chinese song that for some reason, I only hear during this time of the year! I’ve been pretty lax with my blogging lately, but that’s because I’ve been rather busy in my real life and I actually shelved quite a number of pretty complete posts because I still need to think about it more. Hopefully once I get back, I can settle back into a routine since I would probably only have just 1 or 2 short weekend getaways for the rest of 2016. That wouldn’t be too disruptive for me, I hope. Today I got...

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[SGX Portfolio] Jan 2016 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 January 2016. Total Cost     $27,175.90 Unrealized Gains -$3,798.33 Accumulated Dividends  $991.63 Realized Gains $628.89...

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