Author: Got Money, Got Honey!

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

Pet Rock For You, Sir?

Pet rock panic buying — Stalingrad & Poorski (@Stalingrad_Poor) August 12, 2015 Just last week we saw Gold trading at $1080 and Silver at $14.50. Right now, Gold is at $1122 and Silver is at $15.55. Unless the Yuan continues to be devalued (which is actually a very possible scenario), I would put it that the USD has topped out. A weakening USD is beneficial for all commodities, and that means Oil and Precious Metals too. WTI actually went to $42.60 per barrel, which is just marginally higher than the $42 set in March. If the USD is going...

Read More

[XMM STI ETF Investing] My STI ETF Playbook

I did mention in my most current monthly update that I am finally interested in the STI after it has made a leg lower. The SPDR STI ETF (ES3) made a closing high of $3.54 on 16 April 2015. The schedule of my future purchases if this is a bear market will be as follows: I have decided to have my allocation based on lots since it is easier to implement as my portfolio isn’t large enough to round off effectively to the near $300. After the 10% drawdown mark, every additional 5% drop will trigger a buy order....

Read More

Capita Comm, Why You So Loser?

Why is Capita Commercial Trust (CCT) being such a little bitch these days? On Jan 23rd 2015, it closed at a high of $1.925. Today it is at $1.38. This is a huge decline of 28% in a mere span of just 7 months. NAV is at $1.72, which means that CCT is selling at a 20% discount to it’s NAV. I strongly dislike buying REITs at a premium over NAV and this is honestly one of the more important factors that I look at. Based on 1H 2015 DPU of 4.31 cents, the yield at current price is...

Read More

"Bro, Weak Wrist Game"

This has actually been something that I’ve wanted to talk about for a long time, especially when I hear so many stories about watches from time to time. The last real watch that I had was a $100 Seiko watch that my parents bought me for my 20th birthday. It was a nice, clean and simple design and I wore it to school on days I dressed up or had a presentation, or if I was going out for a nice occasion. I’ve had many people compliment me about it and some genuinely inquiring more about it because they...

Read More

When Minimum Wage Backfires

Case #1: Walmart Walmart raises the minimum wage for its employees to improve worker morale. However, the opposite effect has taken place. Current senior workers who have been working for many years have suddenly realized that brand-new employees with no experience or knowledge would be getting salaries similar or slightly below them. Many senior employees are extremely dissatisfied and feel like their contributions and efforts over the years are being under-appreciated. Case #2: Gravity Payments (Source 2) COE decides that everyone in his company should have at least an annual salary of USD $70,000. The people in the most...

Read More

The Dollar-Oil Relationship

Personally, I am in the view that we are very close to a bottom in Oil. The worst declines of the rig counts seem to be over. The market is extremely negative on Oil. The only factor that isn’t playing nicely with my thesis is the USD, which I think is the most important factor of the 3. Why? The good guys from Market Anthropology make awesome observations like this. If the USD tops out here, we would see Oil make a bottom and head higher. So what is the USD doing and what has it done before in...

Read More

SSB vs GE 2% Guaranteed Saver

After reading this post by Dollars and Sense, plus seeing a flood of recommendations and also infographics like this being shared around on my newsfeed, I decided to talk about this. Let me be very clear and upfront. I do not fancy insurance and insurance agents. That’s just my personal bias. I have to talk about insurance even if I don’t like it, because insurance is part and parcel of life. In all honesty, this GE promo actually looks quite pretty decent, as far as an “insurance” product is concerned. However, this isn’t insurance in any shape or form,...

Read More

[XMM STI ETF Investing] July 2015 Update

It has been quite a while since my last update. I have been updating on my spreadsheet monthly, but I always forget to post up my review. As mentioned previously, this will be my attempt at having a monthly update of the small portfolio that I am running for my sister and mother. The aim to have as little downside risk as possible, and maximize returns from there. No changes to the portfolio this month, I am still playing it safe because the STI doesn’t seem to offer any very compelling entry points yet. It looks fair valued, but...

Read More

Like us on Facebook

Follow us on Twitter