Author: Got Money, Got Honey!

Checking out the 3 Local Pawnbrokers

Here on the SGX, there are 3 pawnbrokers. ValueMax (VM), MaxiCash (MC) and MoneyMax (MM). I guess out of my huge list of stocks, these 3 fall into a very specific and distinct group which I can use to compare with each other, so I thought I’d start on these 3 stocks first. Should I eliminate any of these from my watchlist? Should I eliminate all of them? We shall find out together! OSK/DMG did a research on them mid last year, but I think I’ll be looking at their most recent financial statements and try to make a...

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Precious Metals for you?

I guess one of the things that people know about me is that I really like precious metals. I have to admit, valuations aside, there are some good fundamental reasons to own gold and silver. While the reasons above are mostly for Gold, much of the same can be said of Silver as well. People might debate which is the better investment now, gold or silver, but I think both investors will tell you that either way, you should have some precious metals in your portfolio. In a world where modern developed countries are having close to zero real...

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[Book Review] Our Iceberg is Melting by John Kotter

A while ago I did a book review of a booked titled “The Nature of Risk” by David X. Martin. This book follows a very similar style of story telling, weaving in important concepts into a simple story. Essentially this book tackles how to effectively implement changes. I imagine that it would be filed under management and motivation, but I think that the concepts can really be applied to all fields. The concepts is not directly applicable to investing. However, the concepts are applicable to our systems and processes that we use when investing. Are we set in our...

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Danger, Danger, High Voltage! Foolish or brave? Foolishly brave?

Here is a ridiculous video to represent the ridiculous situation we are in now. This post is from ZH, which has a very interesting Citigroup report: Why anyone would put their money in the US markets is completely beyond me anymore. I am definitely outright bearish at the US (and even Europe) stock markets right now. But I do understand that the stock market can be irrational for a very long time. Without even knowing anything and just looking at their valuation, you would imagine that earnings are being forecasted to fly through the roof. Are they? I have...

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Making A Less Than Noble Exit

Special thanks goes out to Felix for highlighting the report released by Iceberg Research. It was very easy to verify their actually pretty obvious findings. 2013 Annual report lists Yancoal’s recorded value at US$677,608,000. They only own 13% of the company. Bloomberg lists Yancoal’s ENTIRE market cap at AUD$99,420,000. Problem? Big problem. Is it a nonsense report? Maybe. Could the stock crash a lot lower from it’s current value? Maybe. I don’t want to find out. This is not something that I took into account when I purchased the stock, so I am running away from this with my...

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Kicking the Addiction, Going Cold Turkey

Today while I was showering, I came to a sudden realization. Earlier this evening I was out having a drink with a friend, talking about his new job and adjusting to the adult working life. He asked what did I do in free time and if I’m bored with my life, now that he doesn’t see me that often. Honestly, I never really thought about it in such a concise manner. I am busy meeting and hanging with friends and having a social life. The constant low buzz of investing and personal finance is perpetually in the background. I...

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My Watchlist, Step 1b

A week ago I mentioned that I am going to reboot my investment process. I found it messy and haphazard. I already took some time to go through a rudimentary screen. I’m surprised I wasn’t that lazy and managed to do that quite quick. Today, I combined the results of those 4 lists together to get one exhaustive list of the companies that apparently meet my criteria of: Dividend Yield is positive Net Profit Margin is positive Debt/Equity Ratio is under 200% I have decided to make it a public file, so it you want to take a look,...

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We all know when to Buy, but when do we Sell?

SMOL had a very interesting post today, and although it was directed at Value investors specifically, I think the scope has to be broader for me to have a more complete thought on this, which is why I decided to write a full post on this. Much of the financial media is focusing on Buying. Buy, buy, buy. Rarely you will hear people outspokenly say to sell. “What stock was that again Amanda? I’d buy anything that you, Kayla Tausche or Kelly Evans say” However, just like you need two hands to clap, you need to know how to...

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Japan’s Ponzi Scheme Cracking?

Japanese Government Bonds (JGBs) are inching up higher in yield. Problem? This chart shows the bps expansion, or the increase in yield, since the ECB announced QE. As you can see, yields have increase across the board for all durations. Check out the JGB 10-year. The yield has push up about 0.227%. Pfffft, that’s nothing, right? Well, maybe not really. The JGB 10-year tagged it’s all-time lowest yield of 0.201% when it closed on the 19th of Jan. Today it is 0.396%. That’s an increase in yield of 97%. I have written about Japan before, I believe they are...

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Looking for the good stuff

This is just an update from my previous post about restarting my investment process. I have decided to use some screeners to help me do the quick and dirty work of narrowing down my watchlist. My parameters are quite simple: Dividend Yield is positive Net Profit Margin is positive Debt/Equity Ratio is under 200% I don’t think that I am asking for anything too extreme, narrow or niche. It shouldn’t be too unreasonable to expect the above 3 criteria for a stock, right? So anyway, here are the results: SGX Stock Facts Screener – 294 results Google Stock Screener...

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Investment Process Review

One of the first books I read was “Successful Investing is a Process” and come to think about it, I don’t think I have a very good process now. I feel that my investment process should be mechanical and unemotional, preventing me from being biased and irrational, and therefore making uncalculated mistakes that can be mitigated with risk management. By making certain tweaks and emphasizing certain factors, I can statistically improve my long run returns. The process has to logically work on paper and also has to be applicable in real life. But come to think of it, my...

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"It’s like a tax-cut for the world’s freight shippers…"

Sarcasm and wit to a point, ZH nails the crashing BDI again: Baltic Dry Index Hits New Record Low http://t.co/W0kRY0rxpp — zerohedge (@zerohedge) February 11, 2015 As I blogged about it earlier, a crashing BDI is a bad sign for the global economy. All that bullshit you hear on TV about lower oil prices equating to extra cash and margins for consumers and companies? Yeah, it’s bullshit. (probably) The market is schizophrenic and it can’t decide if lower oil is good or bad for the economy. Methinks: Slightly lower oil? Good for the economy. Crashing oil? Bad for the...

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C’mere Fishy Fishy…

POW, China Fishery got slammed down with the announcement of their Rights issue. They are doing a rights issue to have 4 shares sold at $0.173 for every 5 shares that you own. When I bought China Fishery a few months ago, one of the things that I highlighted was that the management were intending to redeem their senior notes. This rights issue is specifically for that. I am totally not surprised at this move that they are doing, so I find this “shock” by the market a bit strange actually. Perhaps the shock is due to the considerable...

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Dissecting the SGX Metal Companies

Are you ready for some noobish stock evaluations? Here we go! I stumbled upon this old post by SG Stocks Pick done back in 2012. It seems to be missing Nam Lee, so I’ll be adding it in and going through my thought process openly here as an open thought exercise for those curious to see. But sometimes when you look at all the stuff you have to go through, you get so lazy… Time to stop being lazy and do a more legit analysis like some of my more esteemed peers! Money is at stake here. MY MONEY!...

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Beautiful or Ugly? Be Careful!

One of the problems that I have an as investor is that I like really ugly, awful, shitty looking stuff. The worse something looks, the more excited I am about it. Clearly, there is something wrong with my wiring. Am I a psychopath? Quite possibly. However, I do understand the failings and short comings of my methods. The problem with looking at horrible looking companies and hoping for a turnaround is that…. a turnaround might never happen. I am not foolishly unaware. “Dumpster diving” strategies have a much higher total and complete failure rate. Not diversifying is making a...

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