Author: Investment Moats

Long Term Market Analysis: Bradley Turn Model $spy $ews

Drizzt: long term market analysis is a series once or twice a month where we take a look at longer term trends in the market to get our bearings right on the general direction of where market prices is going. The price movement is mirroring that of 2011 second half of the year. Lots of bad news, lots of whipsaws. This makes life for investors difficult. Weekly S&P500 and STI The long term indicator we use is the cross over between the 17 week EMA and the 43 week EMA. A cut of the 17 week EMA below the...

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REIT Fee Structure–Are they rewarding investors or the sponsors

The chatter since the KREIT debacle was that the management structure of Singapore Real Estate Investment Trust (REIT) are under close scrutiny. Are they working for themselves or working for you the shareholder? For those interested in investing in REITs they may want to pick up a copy of The Edge ($3.00) whose cover story is on this issue.  There are quite a few articles on Food Empire, Olam and MRO companies like ST Engineering and SIA Engineering. Here are some key points from the article Some of the past history of REIT misbehavior: Some REITs do not pay...

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Marc Faber and Jeremy Siegel: Stocks for the next 10 years

The about turn in the market was surprising. Remember today is one of the Bradley Turns till July 28. For the skeptics, lets see if it really turns up. Meanwhile, treasury yields are low, and stock market dividend yield is higher than that. This creates an agreement between two person which you don’t expect to do that:Marc Faber and Jeremy Siegel.   Siegel: ECB should insured the banks to stamp fear oil producing down shift is going to add purchasing power and cushion the downturn Europe stocks 8-9 times earnings Faber: slow down in commodities china slow down everything...

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Gambling Stock Sports TOTO Malaysia Trust (STM-TRUST) to IPO in Singapore: A Good Buy?

Want to own a ToTo business? Your chance may be here! But is it worth it? Malaysia’s BTOTO would like to spin off their subsidiary Sports ToTo Malaysia SDN BHD into a business trust to be constituted  and registered in Singapore to be known as Sports TOTO Malaysia Trust (STM-TRUST) STM is principally engaged in the business of operating Toto pool betting under Section 5 of the Pool Betting Act, 1967. STM is licensed to operate its Number Forecast Operation (“NFO”) nationwide. It currently offers seven (7) games which are drawn  three (3) days in a week, namely Toto...

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CH Offshore exploding trade receivables

CH Offshore is an offshore shipping stock that I wrote about paying a good dividend on a good payout ratio. A blogger just highlight a potential bugbear for the stock. My original report on CH Offshore can be viewed here. Addition to that report is that 2 of the 12bhp AHTS vessels were not renewed and if they are renewed they might not be at a good rate. This week, Donmihaihai over at  I’ll do it myself highlighted what reader Freedom brought up on the high accumulated trade receivables: But it is interesting to think about why CH Offshore...

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David Kotok on Strategy

I talked a bit on David Kotok in Sunday’s article and today we have a feel good video on the markets How to use ETFs Leverage ETF must be use carefully.They can be very dangerous Facebook if they learn to monetize can be a behemoth For the rest of the decade, manufacturing in US will produce high wage jobs House prices flattening out and energy sectors do well How fast and easy to make ebooks JP Morgan woes doesn’t look systematic Italy third largest debtor, debt large percentage of GDP, Austerity and high taxes will be a big issue...

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Singtel and Starhub rolls out tiered pricing mobile plans. What it means to investors and consumers?

I just been tagged by my friend in Facebook that some change in our Singtel Pricing plan are in order come this July. Tiered pricing for singtel’s 3G and 4G plans are in order. On top of that, a little digging shows that Starhub is following suit as well. Singtel Starhub The plans keeps ARPU at the same prices but reduces the amount of data buffet that the customer can enjoy. For excess data usage above the planned amount, Singtel charges 10 per excess gb and 5 per excess gb while Starhub ensures that your data bill is caped...

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Weekly Market Thoughts: 3 June 2012 Edition $SPY $TLT $UUP $VXX

We try to list down and make sense of what is in our heads on the markets, economics, soccer, stocks, technical analysis and fundamental analysis this week. Secular Market Trends The doomsday crowd are having  a field day.  Certainly, I think people are settling on Greece. The danger here is Spain and Italy. They are the big economy. The Zero Hedge crowd is having it that the monetary system are going to come to a standstill. This market will go lower than 2009 lows. Will it? Markets move in 17 year cycles and since 2000 we could be half...

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We spend most of our time in the Middle

I thought this little sharing from Joshua Brown of The Reform Broker makes a lot of sense. Most of the media discusses whether we are at the top or bottom. But really most of the time we are in the middle thinking about  tops and bottoms, worrying about whether we are at the top or have we reached the bottom: Market-timers don’t live long, its a horrible existence.  My friend JC likes to say picking tops and bottoms is the most expensive job on Wall Street. A lot of the media’s time and attention is spent discussing whether or...

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Hua Nan Expressway affected by Toll Revisions

Profit of Hua Nan Expressway will be affecting MIIF dividend distributions by roughly 20-25% of Hua Nan’s contribution An often enquired stock on my dividend stock tracker have Macquarie International Infrastructure Fund (MIIF). At a current forecasted yield of 10% in this low yield environment, it looks attractive. In my opinion, MIIF are just balancing very close cash flow figures to their targeted yield. And recently, its been disclosed that the China govt will be standardizing the mechanism to calculate the toll. Today I received a release from MIIF on this Singapore, 31 May 2012  – Further to the...

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Oh Shit! I started DCA investing at the top of the bear market!

Investing using dollar cost averaging at the market top may not be that bad if you invest in the right investment and are discipline enough throughout. In the past week, we written about the advantages of investing in low cost index funds or exchange traded funds (ETF) for people who do not want to take such a hands on approach with investing but want to make the virtues of early life compounding work for you. In the Singapore context, many have highlighted Street Tracks STI ETF as the ETF that they use when they want to practice low cost...

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Oh Shit! I started DCA investing at the top of the bear market!

Investing using dollar cost averaging at the market top may not be that bad if you invest in the right investment and are discipline enough throughout. In the past week, we written about the advantages of investing in low cost index funds or exchange traded funds (ETF) for people who do not want to take such a hands on approach with investing but want to make the virtues of early life compounding work for you. In the Singapore context, many have highlighted Street Tracks STI ETF as the ETF that they use when they want to practice low cost...

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Money Saving Advice – How to Budget with FREE online budgeting app Mvelopes

Many friends have asked me to teach them budgeting, how to save money or where to save money. So today i will show you how to budget with Mvelopes, an online budgeting platform that I found recently. Saving money starts from effective budgeting planning Most folks who find themselves out of control with money because instead of letting the power of compounding work for them it lets the concept work against them. If you build good money habits in your high school, college and university days, it compounds later in life in that you start off right and you...

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Investors Favor Vanguard’s Low Costs Index and ETF Funds

Vanguard have come a long way since the 1970s when John C Bogle worked hard to build a financial institution that sells index funds that have ultra low expense ratio. You would have asked if they do not have management fees and expense ratio so low how can they survive? Well, they happen to manage a huge amount of money so despite having a low expense, they can still get by. Plus the fact that their majority of the portfolio have been passive indexing, they do not have to have too many star managers (although they do have an...

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I want to be rich but I don’t want to save too much!

Saving money is hard as you grow older. Getting married, having kids and their expenses, needing a car and taking care of the parents. How the hell do  you find large sums of money for investing to grow your wealth? 6 years ago, I came across Richard Russell’s 4 valuable advice to folks all walks of life. The one that left the greatest impression was the difference between an investor who starts investing at 19 years old and stops at 25 years old, versus one that invest the same amount from age 26 all the way to 65. Their...

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