Author: Got Money, Got Honey!

Planning on going into Cryptocurrencies

So, I’m planning to take a small amount of my investible assets and “invest” / gamble into cryptocurrencies. Since it’s such a long word, I’m just gonna abbreviate with CC. Fact 1: The market cap of all CCs is about a whooping $71B now, and it is rapidly growing. Jan 15: $5.5b Jan 16: $7.1b Jan 17: $18.2b Source: coinmarketcap Fact 2: BTC used to dominate the market with over 90% market share until 2016, hovering around 80% through 2016, but since 2017 it has dropped to under 50% of market share. Source: visualcapitalist  Fact 3: Many companies (WordPress,...

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Thoughts on Bitcoin, Cryptocurrencies and the future of Finance

Hey guys, this is just a blog post of me taking a massive brain dump and just dropping whatever is in my head onto this page here. Ever since my recent post on Bitcoin hitting $2500 (subsequently went on to almost hit $2800 and it is now $2000), I’ve once again (I’ve done it before in the past, on 2 separate occasions) plunged back into cryptocurrencies to see what is going on at this front. I’m afraid that this post is going to be full of technical jargon. Unfortunately, there is no easy way around this. If I explained...

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Bit-Bloody-Coin

Bitcoin (BTC) is trading at freaking $2500 USD now. That’s just mind blowingly insane! (especially when previously I was considering buying in at $500, ehehe #notsalty) I’d say that I understand cryptocurrencies quite well (better than your average Ah Huat). It takes a fair bit of brain power to understand how public and private keys work and how to move the money around. Interestingly, I even ventured into the dark web and discovered “tumblers”, which are basically money laundering services. For the privacy-concerned, this is an essential step since all bitcoins can actually be traced moving around. Tumblers solve...

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10 Tips for "Adulting" for Graduates of 2017

Hello graduates of 2017! Congratulations and welcome to real life, where you now have responsibilities and can no longer hide behind the excuse of “but I’m a student!” anymore. There ton’s of things you need to do to “adult” properly, like have a proper resume, cleaning up your social media, etc, but I’ll just go through the finance aspect of it all. I am a financial blogger after all. Even though I’m a small time blogger, some people say I’m on course to be almost as famous as Andrea Chong. My influencer management agent is not doing so well,...

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And Noble Dies

As some might know, I was actually a Noble shareholder, but I exited once I could verify the Iceberg report against them. In fact, I actually made profits with Noble. A decent 3.4% for a month. Annualized is 50%, but that doesn’t really matter, hehe. If you had cut loss in March 2015 after my post, eating a 15% loss then compared to what has happened now isn’t that bad, right? Even coming out in June 2015 when the next Iceberg report and Muddy Waters news would only be a 30% loss. That was the post where I called...

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Do All The Little Things Add Up? (2017)

As per usual, I made my annual pilgrimage down to the Singapore Mint to change my coins into something more useful. looks exactly the same as the last time I went As I’ve explained before, one of the best life hacks that I’ve adopted that really has simplified my life is not caring about coins at all. I keep a coin box at my work desk, and another on my desk at home. Once I return from the horrible coin-giving outside world, I empty my pockets into my reliable companions who just gobble them up and keep them safe...

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The Everything Bubble?

Honestly, I like Mike Maloney a lot. Quite a number of people think he’s a shill and just goes on about tin foil hat precious metals stuff so that people will buy his book. I don’t think that’s true. He has time after time given away his book away at heavily discounts, or even for free. And to be fair, he book is 4.6 stars on Amazon and considered as the only proper book for precious metals investing in the modern world. Anyway, just watch the video, but of course don’t take everything at face value and keep asking...

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[SGX Portfolio] Bye bye LMIRT

I bought Lippo Malls as one of my very first investments back in June of 2014. Wowza… that’s almost 3 years! My thesis wasn’t very complicated. Retail REITs are a nice class of REITs, Indonesia has the demographics to give a nice “growth” story, gearing was really low (just 26%) and most of all, because it was an overseas Asian REIT, it was just shunned by most investors, giving it a nice P/NAV discount of 10%. Just a few months later in Dec 2014, price dropped a whopping 25%, from $0.405 when I bought it, to $0.305 when I...

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Who Even Takes Taxi Anymore?!?!

I stumbled on this Yahoo Fin article which had the original Value Penguin post about this. Take note that the values above are supposedly BEFORE PROMOTIONS. That means coupled with promo codes + credit card tie-ups, you could be getting even bigger savings with Uber / Grab. Another thing to note is that their calculations is based on the airport surcharge being $5, which is only true for Fri – Sun from 5pm to 12mn. For all other times, the surcharge is only $3. Ideally, you’d want to knock off $2 from their Taxi figures to make it more apples to...

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GMGH Insurance Review 2017

I did an insurance review just last year in Oct 2016, but I recently made some changes so I thought I’d just share that with anyone who is interested. Change 1: Addition of standalone Early CI / CI plan In November, I was pondering about early CI coverage. My main concern is how that my only current coverage is a rider of a group insurance policy. After weighing the pros and cons, I decided to supplement my early CI coverage by taking this standalone plan. It has slightly more coverage and relaxed claiming terms, but the independent nature of...

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China’s Yield Curve Inversion

What is a yield curve inversion? When shorter tenure bonds have higher yield than long tenure bonds. Why is this a problem? Banks won’t lend out money because they wouldn’t borrow short term money (typically cheaper, but now more expensive) to lend for the long term (typically higher, to pay back the borrowers + profit for the bank). It’s not a difficult concept to grasp. What happened in the past when a yield curve inversion happened? In China, it has never happened before (at least for the 10Y – 5Y). In the US, all 7 out of the 7 times...

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What does Jack Bogle, Jeff Gundlach and… GMGH have in common?!

What does Jack Bogle, Jeff Gundlach and GMGH have in common? How about all of us being geniuses? (haha, I’m just kidding about myself) Okay, so what is it that we really have in common? Well, it’s that while we all think index investing is wonderful, there are limits to it being a forever successful strategy. Don’t get me wrong. Don’t get triggered so fast. I own ETFs and I think that indexing is a very decent strategy for most people. However, there is NO strategy that is infallible. There is no holy grail investment with low/no risks and...

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1.28% Savings Account?

Wa, 1.28% is not bad. Actual link is here. Let’s look at the details: Initial deposit of $1,000- $5,000 Monthly GIRO of $200 – $10,000 Interest rate for first $200,000 balance No restriction for withdrawal Questions that need to be answered, but with no information: What is the minimum bank balance? Is there a fall-below fee? How is the GIRO set up? Authorization to SIF to deduct from your appointed bank? *BONUS* Will this GIRO be considered as a GIRO transaction by your appointed bank? *BONUS* How MANY GIRO deductions can be set up? ie. Can 1 SIF account...

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[SGX Portfolio] It’s time to EVAC!

Global Logistics bought for 2.44, sold for 2.91 (~19% capital gains)Tai Sin Electric bought for 0.35, sold for 0.44 (~25% capital gains)ST Engineering bought for 2.88, sold for 3.8 (~32% capital gains)Ho Bee Land bought for 2.05, sold for 2.40 (~17% capital gains)New Toyo bought for 0.269, sold for 0.295 (~10% capital gains) Global Logistics received 0.115 of dividends (~5% dividends collected)Tai Sin Electric received 0.046 of dividends (~13% dividends collected)ST Engineering received 0.15 of dividends (~5% dividends collected)Ho Bee Land received 0.12 of dividends (~6% dividends collected)New Toyo received 0.076 of dividends (~28% dividends collected) Global Logistics total returns ~ 24%Tai Sin Electric total returns...

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Smartly – Finally Ready to Launch?

I just happened to chance upon this news. Is this good news for the financial landscape of Singapore? I personally think it’s definitely a big step forward! Why are robo-advisors good? I wrote a long post about it, but it is safe to say that I strongly support robos. Much better than trusting John, your secondary school friend who is now an insurance agent, to pick out unit trusts for the ILP that he recommends. Much much much better. I can easily see myself committing a small sum every month ($50 or $100) into one of their portfolios geared...

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