Author: Finance Smiths

Investments for Mar 2018

04.08.2018byFinance Smiths // Leave a Comment Automated Investing for Mar 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 28 units of SPDR STI ETF (SGX: ES3) Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 98 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 90 units of Nikko AM REIT ETF (SGX: CFA) Buy 67 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 88 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 167 units of Nikko AM STI ETF...

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Bonus and the long weekend

My performance bonus got credited today and I was excited to see the cash injection into my bank account balance! It was a tough week at work as I struggled to adjust to the new advisory portfolio with my insufficient technical knowledge that I am still building up on. Though I’m happy with the opportunity to learn new stuff and expand my job scope, which came with the promotion. But it’s been a few years since I had to start from scratch in a new area and it’s taking a while. Hence, it felt good to be financially rewarded...

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My remuneration review outcome

I had my remuneration review outcome discussion with the head of my department on Fri. I could sense something was up when I went into work in the morning. The various heads of departments were quietly called into separate meetings with the head of my division for administrative matters. Soon after, it was announced that the results of our performance reviews i.e. letters would be released to us throughout the day. We were half expecting it because Fri is a good day to do this. If you have a positive outcome, you can leave earlier to go out and...

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Singapore Employment Act Proposed Changes

Remember my post one and a half years ago about my friend making a claim against his employer and how difficult it was? Basically, a PMET with monthly basic salary of more than S$4,500 is not covered under the Singapore Employment Act and I was questioning the purpose of having a salary cap. In March 2018, amendments to the Singapore Employment Act have been proposed that will finally bring about positive changes to the state of labour protection here. It’s not a secret that Singapore has one of the worst developed country labour protection laws. The labour market is weighted...

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Waiting for a viable cryptocurrency ETF

I have expressed interest before on investing in cryptocurrencies. But it requires an extensive level of time and effort to understand the underlying blockchain technologies. Being lazy resulted in me not pursuing cryptocurrencies as a form of alternative investments for my portfolio. However, I have continued to monitor the developments in this space at a high level. After all, the applications of blockchain technologies are likely to have a massive impact on the banking sector that I work in. It’s actually in our interest to understand them and how we can utilize the business aspects to our advantage. A part of me continued...

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Filing of YA2018 ITRs with IRAS

It’s time for Singapore Tax Season 2018 – filing of individual income tax returns for YA2018 i.e. assessment for income earned and expenses incurred from Jan 2017 to Dec 2017. I like how most of the information is pre-filled in our income tax returns and we only have to provide additional expenses/claims data. It’s a relatively smooth and painless process to complete and submit our YA2018 ITRs with IRAS. Since we no longer have the personal tax rebate (YA2017) and received higher salary & bonus income, both of our YA2018 tax payable amounts have gone up. This is a good problem to have since that means our...

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Feb 2018 Net Worth Update

There has been a few small dips in the equity markets and I took the opportunity to invest some of our cash. Not much, about S$1,500 of manual investments on top of our automatic investments. It’s good practice for how I will utilise our cash funds when the dips in the equity markets become bigger. I’m also realising the benefit of having a larger cash balance in that I can take my time to invest it. The important thing is I don’t feel the urgency of having to build my investment portfolio up quickly. Because we can still rely...

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Review of StashAway and Smartly Singapore so far

I reckon it’s a good time for me to do a quick review of our StashAway and Smartly Singapore robo-advisor accounts as well as the investing strategy with them so far. After all, it has been more than half a year since we started opening these accounts. We now have 1 x StashAway and 1x Smartly robo-advisor accounts each between my wife and I. Account Balances and Returns My wife’s robo-advisor accounts have higher balances since they were opened earlier and the monthly value of automatic funds transfers into her accounts is greater. Given the drop in equity markets and depreciation of US$,...

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Investments for Feb 2018

Automated Investing for Feb 2018: S$1,200 Maybank Kim Eng Monthly Investment Plan Buy 28 units of SPDR STI ETF (SGX: ES3) at S$3.42 per unit on 8 Feb 2018 Buy 28 units of Nikko AM STI ETF (SGX: G3B) at S$3.49 per unit on 8 Feb 2018 Buy 93 units of Lion Phillip S REIT ETF (SGX: CLR) at S$1.035 per unit on 8 Feb 2018 Buy 89 units of Nikko AM REIT ETF (SGX: CFA) at S$1.103 per unit on 8 Feb 2018 POSB Invest-Saver Buy 28 units of Nikko AM STI ETF (SGX: G3B) at S$3.53 per unit on 19 Feb 2018 Buy 88 units of...

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Impact of Singapore Budget 2018 on us

I’m back from my ski trip to Austria! It was fun and I even got to spend a day in Munich as well. Though I’m not sure whether we will go back to Austria to ski anytime soon or try another ski region. It’s more interesting to visit new places when you are younger before picking the ones you want to go back to when you are older. Anyway, the Singapore Budget 2018 happened when I was away, which apparently has been a hot topic of discussion since its announcement. Having worked in accounting firms in Australia and Singapore,...

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Coming out of hibernation

It’s been more than a week since my last blog post. I have been busy with work, shopping for stuff for CNY & our upcoming ski trip to Austria and some personal commitments. We are trying to reorganise certain parts of our weekly routine as my wife gets busier with work from her new appointment. She got the promotion and now heads a small team. The job comes with a salary increase but at the cost of a higher daily stress and pressure level. Things certainly get more difficult as you progress upwards in your career. My wife is still...

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Jan 2018 Net Worth Update

I decided to add our StocksCafe portfolio back onto the blog. After all, I’m now a paid subscriber and I might as well display it as a monitoring tool for myself too. Anyway, I added in several USX transactions to simulate the StashAway and Smartly robo-advisor accounts investments in US-listed ETFs. They are not going to be accurate in terms of average purchase prices and number of units since I’m only entering them in at the end of each month to approximate the accounts values. The useful part about having these US-listed ETFs on our StocksCafe portfolio is that I can better track the...

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Locking in gains and increasing cash holdings

I sold out of my positions in Sembcorp Industries (SGX: U96), Nikko AM STI ETF (SGX: G3B), Phillip APAC REIT ETF (SGX: BYJ) and Nikko AM REIT ETF (SGX: CFA) today. Main reason was to lock in my gains from the recent bull run and increase my cash holdings. But I kept my monthly Dollar-Cost Averaging (DCA) amounts of S$1,300 in the STI and REIT ETFs. As well as the weekly funds transfers of S$300 into the robo-advisor accounts. Just in case we go on another bull run in 2018 and somehow end the year higher than where we...

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Investments for Jan 2018

Automated Investing for Jan 2018 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 27 units of SPDR STI ETF (SGX: ES3) at S$3.55 per unit on 8 Jan 2018 Buy 25 units of Nikko AM STI ETF (SGX: G3B) at S$3.58 per unit on 8 Jan 2018 Buy 86 units of Lion Phillip S REIT ETF (SGX: CLR) at S$1.082 per unit on 8 Jan 2018 Buy 67 units of Philip APAC REIT ETF (SGX: BYJ) at S$1.397 per unit on 8 Jan 2018 Buy 83 units of Nikko AM REIT ETF (SGX: CFA) at S$1.164 per unit on 8...

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Rebaselining DCA

I was corresponding with a reader over Facebook when I got asked this good question. Should he lower his monthly Dollar-Cost Averaging (DCA) investment amount for now given the current high pricing levels of the equity markets and subsequently increase it when the prices come down? My advice was that it’s a good idea since that keeps you vested in the equity markets but doesn’t raise your average purchase price as quickly while allowing you to lower it more efficiently. That’s when I realized I have been doing the opposite of my advice. In my effort to utilize more of my cash holdings,...

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