Author: Got Money, Got Honey!

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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[SGX Portfolio] Thank You Mr. Hock Lian Seng!

Check out dem recent price moves in Hock Lian Seng! What’s going on here? Hmm, I’m not sure, so this is just me thinking outloud. Based on the SGX release of their Jul – Sep 2014 quarters results, we can pull out a bit of things. Net Asset Value is 27.4c. Current Market Value is 38c. This is a premium of 38% of their book value. Market Cap of HLS is based on the total number of shares being 509,978,991 shares, which gives its a Market Cap of about SGD$193.8 million. They have a very strong cash balance, which...

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Personal Dilemma on Properties

While surfing around the internet for news, I stumbled upon this article on CNA. In the article, it was stated that smaller shoebox units get typically higher yields of around 3%, while other types of private homes had yields between 2-3%. When I read that, I thought, gosh, owning an investment is huge investment to make, with lots of capital outlay and capital risk, not to mention all the extra work, for a paltry 3%! My previous research corroborates that investing in real estate through REITs securities has a better total return than physical residential real estate. Not to...

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Transportation Talks: COE and Public Transport

What made me think of this topic was stumbling upon an article about how Jakarta has the worst traffic in the world. This led me to read up on the Castrol Stop-Start Index, from which I produced this table: Within the Asian countries, we have the 2nd lowest Stop-Starts per car per year, coming in only behind Kuala Lumpur. We are better than all the other cities! Now, I don’t know about you, but when I travel to all these places, the advice I always get is, “Don’t underestimate the traffic of XXX”. Which is actually a very wise...

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How Important are Valutions? VERY (Part 2)

So yesterday I said that valuations are super important. Look what I read today from ZH. So apparently during the last crisis, LBO at multiples of 8-10X were considered very aggressive. Now half the market is trading over 11. Problem? Problem. I actually wrote about these elevated valuations back on 10 Jan 2015. I don’t want to be a crazy fearmonger, but I urge anyone that has equity holdings in the US to strongly look at their holdings and do an evaluation of them now. Are they valuations pretty stretched and well above their own long term average? Industry...

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How Important are Valutions? VERY

Just to reaffirm my stance, I believe that any underlying investment can be a good or bad one, and the determining factor of success or failure is the price that we pay for the said investment. If we buy it at good valuations, odds of success if greater. If we buy it at high valuations, odds of success is lower. Regardless of how good any investment is, I don’t believe we should sign a blank cheque for ownership of it. I was just reading this article by John Hussman from Hussman Funds and it again reminded me just why...

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Singapore’s Very Own P2P Lending

For a while now I’ve known that places like the US and UK has been having quite a strong and vibrant P2P lending scene. Essential, it’s about making private loans and earning an interest on it. Needless to say, this is very risky. Singapore has it’s own version and it is called MoolahSense. They are currently running a campaign to raise money for a media and design school planning to expand its operations. And no, I did not get paid at all to talk about them. I just think that this is a very cool idea. Even MAS thinks...

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SingFirst… er, no thanks

Maybe you think it is outright treason and I am a traitor to my people. Maybe I am a screwed up citizen, or my definition of a citizen is wrong. But I care enough that I am spending time to write down my thoughts. I think this SingFirst socialist welfare state is crap. That is my opinion. You can have your own opinion and write it on your very own blog, thank you. I think my position on capitalism is very firm. I’m all for welfare to help those that cannot help themselves because of the luck of the...

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