Author: Got Money, Got Honey!

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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Singapore Savings Bond: Jan 2016 Pre-Preview

This post is similar to the post I did last month regarding the Nov 2015 issue. I am going to make a rough estimate for the issue before the closing application date, and although I might be missing the valuable last pieces of data, I would argue that we would be getting results that shouldn’t be too far off it’s mark. Based on the actual Nov issue, my estimate was pretty on point, save the intervention to prevent a yield cruve inversion. How will the Dec issue turn out? This month we should not be seeing a yield curve...

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HDB "Bumper Crop" has arrived

Wa, I finally sat down to read the news of the 12,411 HDB flats up for sale in this “bumper crop” launch! Impressive haul! I see already, I feel damn sian. Why can’t singles buy a private property younger? 35, really? Pffft. Female readers who are looking for a suitable potential husband, please drop me a mail and we can discuss marriage, haha. Who says HDBs aren’t affordable? A first-time young couple eligible for all the grants can EASILY get a 3-room flat without blowing a hole in their pocket. 10% downpayment in a non-mature estate is only $10,000. Making...

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I Love You If You Are Ugly

It was just only in the beginning of the year where every move happening to Oil and proxy companies here were all the rage. Did I miss out a memo that this is no longer interesting to anybody? Or perhaps the news that oil is back under $40 is no longer relevant to anybody? As far as I know, without looking at charts or anything and just talking to people I know, the O&G industry is already doing bad, with my “insiders” expecting it to get worse. Of course, one important point to note is that the stock market...

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Garbage In, Garbage Out. How to Be. S.U.R.E.?

Unless you are a unicorn that can turn everything that you eat into magical rainbow ice-cream, I think it is important to know that in most cases, what you put in is what you get. Why is this important? Well, your analysis of data can only be as good as the integrity of the source data. Let’s say you are analyzing a company’s financial statements. You pull out all the relevant numbers. You generate all your flows and discounts and ratios and what-nots. Viola, a perfect data analysis! But oh wait. The year was wrong? And the currency rate...

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Dec Rate Hike? Nahhhh

This graph was from the end of 2014. We should already be on our 2nd hike by time. Guess what? Nope. With interest rates at zero, it can ONLY go up, right? Hmmm… I’m not too sure about that considering negative rates exists. Jeff Gundlach has also come out and said that he believes that it is more likely that the Fed doesn’t hike rates. He’s a very very very smart one, one of the few people who calls it likes it is, regardless of consensus view or risking his reputation. I believe that the rate-hike is almost entirely...

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Fool me once, shame on me. Fool me again… I can’t get fooled again! Fool me 4 times?

Abenomics is definitely going swimmingly well. With the recent quarter’s GDP growth rate date out, Japan is successfully in it’s 4th “technical” recession. Yes, it’s not a “recession recession”, but a “technical recession”. Just like how this isn’t “stupid stupid” per se, but just “technically stupid”. Totally different. You can’t even begin to compare the difference. Worlds apart. Sometimes I play sarcastaball way too hard. (Southpark S16E8, you will not regret it) As if the ridiculous and outright control of it’s JGB market isn’t enough, the BOJ has gone full retard and owns 52% of the entire Japanese ETF...

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