Author: Got Money, Got Honey!

Wedding: $110,000 or $26?

While getting my daily digest of the finance articles, I stumbled upon this article by Joanne Poh (one of my favourite random article authors) about why you might want to delay marriage. Although her article itself was interesting (and I agree with her), what I found more interesting was a linked article from the ST back in 2014 about a couple that spent $110,000 on their wedding. I almost shit myself instantaneously. It just blows my mind that they spent $12,000 for a tulip arch made of 999 tulips from Holland. What. The. Fish. Being the cheapskate cynical unromantic...

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My Thoughts on the Singapore Savings Bond

I’m not going to explain the product much, because I think many many many many other bloggers, as well as news sites have done a great job with that. It has been done to death. I’m not the kind of blogger to hold your hand and read things together with you, sorry for the let down. My personal favourite is from Elf on a Shelf at Epsilon Luxe, with his attached infographics from BT and MAS. It’s a great article with good sources, so I’m all up to speed with my knowledge on the SSB now. Greatly advise you...

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[SGX Portfolio] March 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 March 2015. Total Cost     $12,941.30 ...

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Spending Your SkillsFuture Credit

Joanne from MoneySmart writes on an array of random money-related articles and I quite enjoy her work. Her latest article about what to do with the new SkillsFuture credit that was announced in the latest budget. I like the ideas that she gave! Cooking classes Business Chinese Photoshop DJ techniques Ikebana Tour Guide Cooking classes sounds fantastic. I don’t know about you, but I’ll be pretty impressed with anyone that I meet that has a WSQ Higher Certificate in Culinary Arts! Also cooking your own meals is almost definitely healthier since you watch what you put in, and there...

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Where Are All The Rich People (Going)?

The Ultra High Networth Individuals (UHNWI) are a very mobile bunch, as this article which uses data from Knight Frank has shown. While their article uses a map to show you where the rich people ARE, it isn’t very useful to show you where they are going, unless you have time series. I happen to have the data from the 2013 study and made it into this: Well just looking at the rankings it seems like London is the up and coming new city to live in, right? Sorry, but no. That is the problem with ranking data. That...

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Future Proof Yourself In a Throw Away Society

Living Investment wrote a piece on the transient “Throw Away” society that we live in. Things are replaced to most up to date technology and whatever is old is thrown away. Some examples of this in our modern day lives are very clear: Mobiles phones are upgraded on the dot every 2 years, if not more frequently. “Old” buildings get torn down and new ones are built (some maybe only 40 years old or much less) We use plastic bags for shopping instead of rattan baskets. We use plastic containers for takeaway instead of tiffin boxes. Old equipment are...

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MoolahSense New Campaign: Seoul Yummy (and understanding loan amortization)

Again, I must stress that I am not paid to write about MoolahSense, their current campaign, or the company that is trying to raise money, Seoul Yummy. I am just writing about it because it interests me and I like to share my thoughts with people who bother to look into my deranged mind. I might decide to lend them money in the future, but as of now, nope, I’ve no vested interests at all. MoolahSense just launched a new campaign and it is for Seoul Yummy, a Korean restaurant. I think raising money to improve a business is...

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Things I Argree with LKY

Writing helps me destress. I read that thinking about things in a logical manner also helps the mourning process. Of course I’m going to get flak for this post, but I don’t give two shits. To be upfront and transparent, I have never formally studied politics or political science. Nothing more than secondary school social studies and history, and where I end up on Wikipedia or the fringes of the internet. But who says you need a formal education to be knowledgeable about a subject anyway? Perhaps my views and inferences of his quotes and interviews might be misinterpreted out...

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Unconventional Eduation: My First Stock Investment

No, it was not Croesus Retail Trust that I bought back in March 2014. In fact, it was much much much further. Think back to maybe…. Year 2000. I’m not sure exactly when, but my first time having anything to do related with the stock market was when I was playing Neopets. Back in primary school, that’s what all the nerdy people did. I know it was kind of ridiculous, but the neopet’s stock market was where I made all my millions of neopoints. That’s right. Millions. The stock market in the world of Neopets was a pretty simple...

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Thank You Sir

In my close to 26 years wandering around this red dot, I have never had the rare opportunity to bump into or see Mr Lee Kuan Yew in person. All I know about him is what I’ve seen in textbooks, books, newspapers, online articles and on TV. I’ve never seen the man in action live. To be fair, when I first started secondary school and was aware of anything, he was in his late 70s. The only think I remember was that he went from Senior Minister to Minister Mentor. There was the running joke that soon after, he...

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Noble Verdict: Death

Read the latest Iceberg Research report. I’ve warned about Noble back in Feb when the 1st Iceberg Research report came out. It was very easy to verify that the claims regarding Yancoal’s valuation. I do like to be screwed around with. I folded my hand and walked away from the table with 3.4% profits in the pocket. Since I closed out my trade at $1.06, Noble has fallen 18% to $0.875. I fully expect much more selling pressure in Noble given the very unfavourable report by Iceberg. I am sure that right now the entire team at Noble are...

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No Action, Talk Ony

“I’ve watched or read every great speech ever written. I compiled all the best advice into one speech,  and then I read it out loud.   And guess what I sounded like?   A pompous ass.   I’m 18 years old, what do I know?”   I know I haven’t been in this game long enough. Only two things separates the winners and losers in this game, and that is knowledge and experience. I feel that so far I have been fortunate enough to sidestep all the mainstream garbage and bad “conventional wisdom” to arrive to where I am...

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GMGH’s Allegory

I have a list of names of 100 people who are in a room. “50% of the people in this room are women” Is each person 50% female? No, each person is either female or not. Are 50% of the people in the room female? Yes “20% of the women here are pregnant” Is each woman 20% pregnant? No, each women is either pregnant or not. Are 20% of the women pregnant? Yes “20% of the men here are married” Is each man 20% married? No, each man is either married or not. Are 20% of the men married?...

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Pay Less Taxes, Doh

Although this is a quote from an American judge regarding the American tax system, I think it is applicable to anyone who pays taxes. Contrary to Robin Hood believers, I believe that it is everyone’s own personal responsibility and RIGHT to reduce the amount of taxes that they should pay within the legal framework provided. Paying more taxes than you should doesn’t make you a good charity man, it just makes you stupid. If you really wanted to “donate” your money, just donate directly to charity, at least the charity gets the money directly. Tax season is upon us...

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[SGX Portfolio] Mopping Up The Stagglers

From Civmec’s intraday high of $0.80 on 18 Aug 2014, it has fallen 50% from it’s glory. Civmec has an EV/EBITDA of 4.5 and a simple and clean balance sheet. Perhaps the only 2 things that irks me are that their receivables are high and I am buying over 33% premium over NAV. But all things considered, I’m not worried about them going under. The main forces started the war a week ago and the battle has been fought. The bulls have been slaughtered. I’m just cleaning up the mess. Taking up a small position here and not caring about...

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