Author: Finance Smiths

StashAway Open Discussion in Nov 2017

You would think that having worked in an office environment for a number of years, I should be more responsive to emails and invitations to networking events. For some reason, I am terrible at the personal ones that relate to my blog. On one hand, I am interested in connecting with the wider Singapore finance bloggers community. But I find myself hesitating to follow through and show up for such gatherings. I used to think it has to do with not wanting to reveal my identity but that has become less of an issue the more I write. Besides, it’s...

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Sell transaction Oct 2017

I made a sell transaction on Thurs 26 Oct 2017. As I have mentioned before on the blog, I am in the process of restructuring our investment portfolio to make it simpler. There was no particular reason other than a recent price run-up and it’s after the ex-dividend date. Which means I can still receive the latest distributions. Name: Keppel REIT Number of shares sold: 4,100 (Entire amount) Sale price: S$1.185 Net proceeds: S$4,845 Realised profit excluding dividends collected: S$450 or 9% Realised profit including dividends collected: S$900 or 18% It’s a decent profit and beats the unrealised profit...

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Not learning from history

I have always wondered what we would have done during the big market crash in 2008 due to the Global Financial Crisis if we had the same current asset portfolio then. It’s a thought experiment because it’s easy to run through the logical sequence of actions when you are not under pressure. Much tougher to execute when you are actually in that environment. So we can only imagine what it would have been like and how we would have reacted. In 2008, we were in our 2nd year of university with little savings, no full-time jobs, no investing experience and...

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Florence Regency sold enbloc

I honestly didn’t think Florence Regency was going to be sold enbloc after the public tender for the collective sale had closed and the 3 bidders refused to raise their bid prices to match the valuation. To think that a deal could be closed under private treaty with another developer within 10 weeks of the close of the public tender is a good achievement by the marketing agent JLL. There is still some ways to go for the legal completion of the sale but things are about to get interesting for my family. With approximate gross sales proceeds for...

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Back in Singapore after the trip

We are back in Singapore! Flew back yesterday and arrived in the evening. It’s been a great trip and we enjoyed the holiday. Still going through some jet lag and it’s good that we can sleep in today to get some rest. As we get older, the recovery time takes longer, which is why we try to have a full day of rest between the time we arrive to when we have to return to work. We went to a number of cities, towns and villages on this trip and did quite a bit of walking & driving. It...

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Monitoring our investments on a holiday

I just realised I haven’t posted anything yet for the month of October 2017. It was a busy week at the start of the month as we had to finish up our work before leaving for our holiday to France. Anyway, we are here now and it’s been good so far! My wife is still sleeping so I thought I will sneak in a quick post before we drive out later for our day trips. Even though I am on an overseas holiday, I like how easily I can still monitor our investments. Markets have been trending upwards so...

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Shifting my asset allocation towards growth

I just updated our 30 Sep 2017 numbers and these are the percentage increases of our assets and net worth: Cash: +0.52% Investments: +2.92% Retirement & Medical: +1.15% Net Worth: +5.07% It was a significant month for us in terms of investments as we started our monthly Dollar Cost Averaging (DCA) of the Vanguard UK-listed ETFs. In addition to the automated banking monthly investment plans and robo-advisor accounts contributions, we are gradually starting to push more cash funds into the markets. The decision was made to be more aggressive with our investments after reviewing the asset allocation percentages. Despite...

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Evolution of a long-term relationship

I enjoy reading personal finance bloggers’ posts when I have time. Being able to peak into and get a glimpse of what goes on in their lives is a privilege. It gives me insights into how I am approaching my own life, the ways in which I could improve it, why I am doing things in the same or different manner, etc. Learning from others is something I practise actively, which I have mentioned before on this blog. This time round. It’s from Early Retirement SG’s post on Do you live as one entity? It’s about how he manages his...

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Thoughts on the corporate world

I have been reading Jes’ recent posts on dealing with her ex-boss, subsequent resignation and being at a crossroad. I empthasize with her situation, especially when I realised we are about the same age (although she has a kid already). Having worked in 3 previous jobs & firms and on my 4th one now, I have come across my share of problematic bosses and workplaces. To be honest, the only time I felt the work environment became toxic was towards the end of my 3rd job. I endured it for about 1 month while looking for and finding another job before tendering my resignation to serve my notice in the 2nd month. Just...

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Investments for Sep 2017

Automated Investing for September 2017 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 29 units of SPDR STI ETF (SGX:ES3) at S$3.27 per unit on 8 September 2017 Buy 88 units of Nikko AM REIT ETF (SGX:CFA) at S$1.092 per unit on 8 September 2017 Transaction costs of S$2 POSB Invest-Saver Buy 30 units of Nikko AM STI ETF (SGX:G3B) at S$3.33 per unit on 15 September 2017 Buy 85 units of ABF SG Bond ETF (SGX:A35) at S$1.168 per unit on 15 September 2017 Transaction cost of S$1.50 OCBC Blue Chip Investment Plan Buy 447 units of Nikko AM...

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Learning from others

I’m still here. I know it’s been more than a week since I last posted. Was busy with a few things at work and outside of work. But I got through them and got a bit of time now to write about stuff. On the financial front, nothing much seems to be happening. I’m satisfied with how the monthly bank investment plans and contributions to robo-advisor accounts have been progressing. I’m aware that equity markets are at all-time high for this year (2017) and it’s not an ideal year to start Dollar-Cost Averaging (DCA). But I rather start deploying my cash funds regularly...

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Why investing in ETFs can be a problem for you

Just to be clear. I’m still sticking to my Dollar Cost Averaging (DCA) and Value Cost Averaging (VCA) of index ETFs and robo-advisor accounts strategy. This post is my attempt at understanding how investing in ETFs can be a problem as more and more people engage in it. Specifically when people in different age groups, personal and financial circumstances invest in index ETFs. My index ETF portfolio gives me broad-based exposure to various geographical and specific segments of equity markets globally. Although I achieve diversification, I pay a price in the form of only getting market returns on the...

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My first negative cash on hand month

I was updating my Google Sheet expected net worth, income and expense numbers for Sep 2017 this morning. Was surprised to see the saving rate % as a negative figure. Which means I have run into my very first negative cash on hand month. Good news is that it’s not a negative cashflow month. That would have been disastrous. What does negative cash on hand mean? I know we can be relatively high spending at times. Hence the reason for setting up automated savings and investments functions in our portfolio. Every month, one fixed portion of our salary income...

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StashAway Referral Programme as an incentive

I have mentioned in my previous posts about setting up StashAway and Smartly Singapore robo-advisor accounts for my wife. But I didn’t set any up for myself. My plan was to be a spectator and just monitor how those accounts performed. It was tempting to set one up for myself just so that I don’t feel left out by our venture into FinTech personal investment management. Then my wife received an email about the StashAway Referral Programme. It makes sense for these relatively new robo-advisors to offer referral incentives to encourage more customers to sign up and open accounts...

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New Net Worth Update Aug 2017

I’m aware that I haven’t written anything in a while. As it turns out, it was a busy week at work and let’s just say I’m glad it’s a long weekend. You would also have noticed I removed quite a bit of personal financial information from the blog pages. After my wife raised some concerns with me about revealing too much personal and financial information on the online public space, we agreed to pull back on the amount and extent of numbers shown. Yes, I know it’s still possible to work backwards using my previous posts to figure out...

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