Author: Got Money, Got Honey!

ANZ Optimum 5% Cash Rebate Credit Card Review

Whoa, check out this new rebate credit card offered by ANZ! 4 main categories of spending – Dining & Leisure, Travel, Shopping and Groceries choose 1 category to get 5% rebate get 1% rebate for the rest of the categories no minimum spend no rebate limit 1st year waiver redemption only in $50 denominations (min spend of $1000 @ 5% rebate category to redeem) expiry of rebate credit in 3 years $80,000 income to be eligible Honestly, 5% rebate with no minimum spending and no limit is pretty darn sick. 1% on everything else is also a pretty attractive...

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Thoughts on the Singapore Property Market

As a Singaporean living on this sunny island for so many years, I am still perplexed about this insatiable desire and attraction to property, especially for investments. Hell, Singaporeans will even flood and disrupt overseas markets. If no one else can see the glaring double standards with this parallel of Singaporeans using FINANCIAL capital to undercut overseas markets to the HUMAN capital present here to undercut our local labour markets, I shake my bloody head. Of course, it’s okay if we do it and not okay if others do it, RIGHT? /sarc Anyway blatant hypocrisy aside, everybody knows that...

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Time for Australia to turn around?

2 leading indicators are flagging oversold and showing signs of improvement. 1 has already generated a buy signal. The other is almost about to. The lagging indicator is about to signal a confirmation with a crossover soon. The last time this happened was mid 2013. I increased the absolute size of my trading account by 140%. Talk about using sick amounts of leverage, amirite? I’m not saying anything will happen for sure, but it does kind of seem likely, doesn’t it? But with everyone bullish on the USD, maybe I’m being played for a sucker. I’m stepping aside for...

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IREIT, you’ve got to be kidding me.

AK just blogged about IREIT and his thought’s on it. I’ve been watching this counter for a while, but I don’t feel enticed to even take a nibble yet. Last year before the IPO came out, I wrote a little post about my thoughts on IREIT. I have to admit that my thesis of a weaker German property market is not the cause of the weakness in the counter. Instead, it has to do with the currency fluctuation which I did mention, but did not stress and emphasize. Personally, I did not expect such wild swings in the Euro...

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[STI Statistics] February 2015

Hi all, this is my monthly post analyzing the STI. As of 27 February 2015 STI Closing Value: 3402.86 P/E Ratio: 14.00 P/B Ratio: 1.32 P/CF Ratio: 10.82 Dividend Yield: 2.74% Monthly Data Series from 2008 Mean P/E: 12.22 P/E Standard Deviation: 3.16 Mean P/B: 1.47 P/B Standard Deviation: 0.21 % of time when the STI is cheaper based on P/E: 71.30% % of time when the STI is cheaper based on P/B: 24.02% Comments The P/E and P/B ratios are still telling conflicting stories about the index. The STI does not look significantly cheap nor expensive by any...

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Doing some REIT thinking

Of late, 2 REITs are looking particularly interesting to me based of their fugly ass charts. They are none other than Sabana REIT and Far East H Trust. Sabana REIT is an industrial REIT with an NAV of $1.04, but trading at $0.92, which translates into a discount of 11.5%. Sabana yields 7.6%. Far East H Trust is a hospitality REIT with an NAV of $0.97, but trading at $0.81, which translates into a discount of 16.5%. Far East H Trust yields 6.3%. Of course, P/B isn’t the best and only indicator in the world that we can and...

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[SGX Portfolio] February 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 that at this point last year I had nothing, but now I have accumulated a fair bit. 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 2015. Total Cost    ...

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Confirming My Biased Views

I have 4 views that I have a particularly strong conviction on, and in this order: US markets are overvalued USD is overbought Gold is undervalued Russian Equities are cheap Now, rather than say anything, maybe I’ll let some charts speak for me.  Earnings are declining  USD is up 8 months in a row, something that has never happened since 2002 (2010 had 6 months)  Silver is the top YTD performer of traditional US asset classes  Russia is the top equity market YTD Are the winds changing direction? It is too early to say for sure, but there are...

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Am I in a Bearish Echo Bubble?

“Gold: I’m long and adding” The man behind the quote is none other than Steen Jakobsen, the Chief Economist and CIO of Saxo Bank. Usually I don’t trust economists, but Steen is a really upfront and smart guy. On top of that, he has been pretty clairvoyant in his views and forecasts. He is also very honest about his previous forecasts, which I find most people are not. I read a piece that he wrote today and I find it quite compelling. However, what kind of took me about is his mirroring of my sentiments that I explicitly came...

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The Few Things I’m Looking At Today

The thing that I like about personal finance and the financial markets is that there is perpetually something out there that you have yet to learn. For me, it is about Dividend ReInvestment Plans (DRIPs) or scrip dividend schemes. That is basically shares issued to you in lieu of cash dividends. Now, what are the pros and cons of them? I’ve known about them before, but until Croesus Retail Trust recently announced that unitholders will now need to choose how they want to receive their dividends, I never actually have to know more about this and happily lived in...

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Stock Up 50% in 4 Months. Sell?

The counter that I am talking about is Valuetronics, which I bought in October when there was a spike down in the stock price. Back then, I was scratching my head at the plunge in share price. The share price was below net asset value and their balance sheet is something to be envious about. Almost all their debt is payables (good debt imo) and they have a very high cash balance. They have a strong dividend payout history and offer quite high yields as well. The stock cratered 50% in just 3 months. Wise men say only fools...

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Technical Analysis Example: Gold

While my view of the US stock market is ridiculous overvaluation, the other views that I have are: Cheap precious metals Cheap Russian equities Expensive USD I suppose a trade that capitalizes on both of these is buying Gold in USD, which is basically long Gold and short USD. All my bias aside, I believe that we might be looking at a short-term bottom is Gold playing out now or very soon. (That would signal the same for Silver as well, given the high correlation of both the precious metals) Using a combination of 2 leading indicators and 1...

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Genting Singapore, Drop and Roll!

I don’t know about you, but the SEA Aquarium is actually one of my most favourite places in Singapore. Truth be told, I’ve only been there once, but it was awesome. There’s something about having a huge fish tank full of fish that is just so tranquil and relaxing. I suppose it is an experience opposite of music and sound. When staring at the fish tank, all you feel is peace and quiet. (Credit: Ria Miranda via Google Images) But the awesomesauce aquarium aside, Genting has one fugly chart. As many of you know, I LOVE fugly charts. However,...

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The Stock Market =/= Economy (Part 2)

Again, I needed to remind myself today that the stock market is not the economy. Shiller PE 27.80 — Stalingrad & Poorski (@Stalingrad_Poor) February 24, 2015 Unlike Chairwoman Yellen, I think that the future is bleak. If you’ve never seen someone doing live impromptu bulls***, you definitely have to watch Yellen’s testimony. I cringe hearing her roundabout answers. In Nov, I presented my slew of bearish indicators. I’ve been stressing US market overvaluation over and over and over again. I think it’s safe to say that I am an outright bear now. Of course, it is entirely possible for...

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Local Gold Companies?

Yesterday I only had a half day at work, so I thought I’d write up about these 2 Gold companies that are listed on the SGX. I think a lot of people hear about LionGold (LG) and get a bit anxious and uncomfortable. That’s normal, since they crashed along with the other penny stocks, Asiaons and Blumont. Don’t worry, I’m not asking you to invest in it. I never knew that there was another gold mining company listed on the SGX. Have you even heard of CNMC Gold Mines (CNMC)? Well, once I had stumbled upon it last week,...

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