Author: Got Money, Got Honey!

[SGX Portfolio] June 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 June 2015. Total Cost     $14,885.30 Unrealized Gains $3.39 Accumulated Dividends  $557.06 Realized Gains $553.51...

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2.82% 6-month Fixed Deposit?!

Similar to the POSB 10.68% Fixed Deposit, I have found another interesting, but less tasty lobang. CIMB’s new Q3 promotion for opening an account with them is up and THIS NEWS IS FRESH OUT OF THE BAKERY. So fresh that even if you go to the CIMB website right now, they haven’t even taken down the old promotion and put up the new promotion yet. How do I know about this? Secret, hehe. With this new promotion, you have to be a new customer putting in fresh funds, and you would be eligible to a cash gift if that...

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[SGX Portfolio] Bye OUE Comm REIT

OUE Comm REIT was one of my first few purchases that I made back in August 2014. I made the investment based largely that it was trading 24% below its NAV. Although it has been a sturdy soldier in my army so far, today I decided to let go of it at a price of $0.815, which is 10c above my initial position. With the 10c capital gain and 2 dividend distributions of 24.2c and 28.4c respectively, I’m walking away with a gain of 62.6c which is a total return of 7.7%. Taking into account transaction costs, I get...

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Grexit, now Prexit?

I try to refrain as much as possible from talking about news I read from Zerohedge, but honestly, the mainstream media outlets are so severely lacking and incompetent in highlighting the most pertinent news. I guess as media companies, they push to the front page whatever the crowd wants to read, not what the crowd needs to know. This looming Puerto Rico default – Prexit – is news to me. For those who don’t know what Puerto Rico is famous for, that’s okay. Puerto Rico has the 3rd most number of Miss Universe winners, after USA and Venezuela. Pictured...

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Good Money: Paper or Gold?

Incrementum AG came out with their latest 2015 report. In Gold We Trust 2015 – Extended Version Last year, I did post up their 2014 report as well. I think for any precious metals investor, this is a compelling read to remind us why we invest in precious metals – it is because of their intrinsic nature of being money. I think many people are confused about what is money. Hopefully this video can clear things up. Good money has 7 properties: Unit of account – there is a standard of a basic unit Fungible – each unit is worth another...

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China Farmers Stock Skills Tested Today

China stocks are sliding, with the Shanghai exchange down 7.4% today alone. Shanghai is down 19% in 2 weeks, 1% point away from being officially labelled a “bear market”. Ex-farmers turned stock speculators all around China monitoring their stocks on TV via teletext in the village CC be like: Question: What do you do now? A) Man up. Leverage up. Double down. BTFD YOU NOOB. B) Lie down. Try not to cry. Cry a lot. C) Be smug about not being involved in China stocks and then realize that China is still up 105% y-o-y D) Write a pointless post...

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Fixed Deposit Just Matured… Now What?

6 months ago, I took part in the DBS fixed deposit promotion that offers 1.5% for a 6 month tenure. In a few days time, that fixed deposit will mature and I will have back a respectable heap of cash that will be sitting around waiting to do nothing. So what should I do with it? Almost exactly a year ago, I was saying that one of my goals was to open up another bank account for my excess cash, and it would probably be with CIMB. Of course, it was not until recently that I had the delightful...

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4 Things about Crowd Lending

AK recently talked about this in his post titled “To make 20% per annum, we could lose our capital“. Richard Ng from Invest Openly also gave an open review of MoolahSense which is a crowd lending platform. Now it is my turn to share my thoughts about this topic. First and foremost, it is important to understand why crowd lending exists in the first place. From what I understand, crowd lending exists because there is a natural market for it. Some businesses need loans and they are (1) either no able to obtain a loan from the bank or...

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Professional Benchwarmer

Can someone explain to me why the Greece stock market is up 8% on no-deal? I don’t understand this market. Nothing makes sense to me anymore, which is good for me because I would probably lose my shirt trying to guess what is happening in this casino here. This market would rip apart someone like me. Anyway, my current view happens to be very close to Saxobank’s Steen Jakobsen and I’m still sitting pretty with plenty of cash. Some people tell me that I’m dumb to be out of the market for “no reason”. But I really don’t feel...

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Mapletree Logistics Down 10%, Cheap Enough to Buy?

Mapletree Logistics Trust (MLT) is down 11.5% from its recent high of 1.26 in April 2015. If you measure from it’s 2013 high in May when all the REITs were going ballistic, the drawdown is about 17%. With the recent correction in MLT, do I think that it is a good buy? Fundamentally, I think it is all right. It’s properties are quite diversified and looks good to me. However, valuations perhaps is not so ideal. Historically, its average premium is about 5%, which is the expected premium of industrial type buildings, although logistics seems to be a subset...

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Doing nothing is actually doing something

I’ve been crazy busy this week with work and other things, hence the lack of posts! I know I usually try to post once a day, but I really do feel that the markets and getting more and more… meh. I’ve not much content to make snide commentary on these days, so I’m working on other topic ideas that are more general. I’ve got 74 draft articles now and it’s hard to decide which ones I should finish! Anyway, it’s been a while since I wrote a post regarding my thoughts on the current state of the markets and...

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Why buying index can be bad

I saw a post by Lancelot Yoo on Why buying index is good, so I decided to explore the counter argument. First, I will address the benefits that he listed: Well diversified portfolio Low management fees Easy to understand Safer than aggressive stock picking / trading The 2 index funds that he was talking about are the index funds on the SGX that track the STI. One is run by State Street and is commonly known as the SPDR and the other is run by Nikko AM. Although both the ETFs are similar, I do not think that they...

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SAF Group Term Life Insurance Rebate

Since I reinstated my SAF Group Term Life (GTL) insurance plan after I started working, this has been the first full year that I’ve been covered by them, and therefore eligible to receive the cash rebate that they give back every year! As a recap, I am insured with the SAF GTL underwritten by Aviva for $200k and it costs $25.60 monthly or $307.20 annually. Now, here is the letter of my rebate: As you can see, the rebate is $40.47. That reduces my basic term life insurance cost from $307.20 to just $266.73 a year. That is a...

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Equal Pay for Equal Work?

Hey guys! It’s that time of the year again when I piss a lot of people off by pointing out societies double standards! As some might know, I really really dislike double standards. I am looking forward to the same old “you just wait one day then you know” and “you know nothing” comments. Oh well, screw that. What’s the point of being on the fringe if I can’t rile up the “mainstream”? ——————————————————————————————————————– So I saw this in the newspaper today… Look at the red box which I highlighted. I’m not going to talk about gender equality or...

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It’s not "IF", it’s "WHEN"

As usual, I was reading ZeroHedge and I stumbled across this article about Gold. It reminded me of a recent conversation that I had going on with my friend. He asked me all sort of good questions. What is debt?  Borrowing from your own future. Why is there so much debt?  People tend to value the present more than the future How is it possible that so much debt is created? People with excess money don’t mind to lend it to earn interest How can debt be paid back? People dial back on their current consumption or increase their...

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