Author: Financial Horse

Part II: Can we do better than Robo-advisers?

Source: AutoWealth Financial Horse himself would not use a robo-adviser in its current form. But Financial Horse is an investing enthusiast who spends every waking hour reading up on investment strategies and annual reports. I recognise that not everyone is this obsessive. In this article, I will propose a simple DIY alternative that doesn’t require too extensive financial knowledge, or effort from the part of the investor. Let’s imagine a hypothetical investor John. John is 25 years old. He has just graduated from NUS (with an engineering degree!), and earns a nice S$4,000 a month that he is very...

Read More

Part I: Why I like Autowealth more than StashAway, and proposing an Alternative to Robos

Source: AutoWealth My previous article on StashAway produced a lot of great feedback and debate from readers. Big shoutout to all readers of Financial Horse, great to know that readers are sophisticated investors who would never take a simple 6.9% projected CAGR at face value. There was a fair bit of feedback to do a follow up piece on Autowealth, given that they have a slightly different asset allocation strategy and lower fees. It’s been something that I really wanted to do as well, since I felt the previous piece was incomplete, and failed to address a few key...

Read More

MGCCT’s acquisition of a Japan Portfolio: Why this Unitholder is pleased

Source: Mapletree Circular Mapletree Greater China Commercial Trust (MGCCT) recently announced that it would be acquiring a portfolio of six freehold commercial real estate assets located in Tokyo, Chiba and Yokohama, Japan. Following the completion of the acquisition, MGCCT will be renamed to “Mapletree North Asia Commercial Trust”. I think a lot of pundits in the market have been calling this since MGCCT expanded their investment mandate to include Japan back in January, so this move didn’t come as a surprise to anyone. Having seen the finer details though, Financial Horse, a unitholder himself, is quite pleased with this...

Read More

Alibaba: Is Asia’s E-Commerce juggernaut worth a buy?

As at 13 April 2018, Alibaba Group Holding Limited (NYSE: BABA) closed at USD 172.04, which is 42 times trailing twelve month (TTM) P/E and approximately 26 times forward P/E. It’s had an amazing run-up from USD 110 12 months ago, but as the 12 month chart below shows, the price has been stagnating since about September last year. Comparatively, Amazon has gained about 42% in the same time period. I’ve long been a fan of Jack Ma’s Alibaba, and I absolutely love the long term growth prospects of China and South East Asia. I decided to take a...

Read More

Part II: 3 big reasons why I won’t put my life savings in StashAway: What you need to know about Robo-Advisers

Source: StashAway In Part I of this Article, I described what I disliked about StashAway. In Part II, I will mention what I liked about this roboadviser. 1. Insolvency Risk What happens when StashAway goes bust? On their FAQ, they state that: Technically, the ETFs are owned by Saxo, our broker. Asia Wealth Platform Pte Ltd (our legal entity) is a beneficiary of Saxo. Similarly, you are a beneficiary on our ledger. So in short, you are the owner of the ETFs in your portfolio(s). I emailed them to find out more, and you can take a look at...

Read More

Part II: 3 big reasons why I won’t put my life savings in StashAway: What you need to know about Robo-Advisers

Source: StashAway In Part I of this Article, I described what I disliked about StashAway. In Part II, I will mention what I liked about this roboadviser. 1. Insolvency Risk What happens when StashAway goes bust? On their FAQ, they state that: Technically, the ETFs are owned by Saxo, our broker. Asia Wealth Platform Pte Ltd (our legal entity) is a beneficiary of Saxo. Similarly, you are a beneficiary on our ledger. So in short, you are the owner of the ETFs in your portfolio(s). I emailed them to find out more, and you can take a look at...

Read More

Part I: 3 Big Reasons why I won’t invest in StashAway: What you need to know about Robo-Advisers

Source: Taken at Raffles Place MRT Introduction I saw a question on the Seedly Facebook Group recently that really got me thinking: “Hi everyone, I would like to find out which mode of investment stands a higher chance to make money? Robo advisor or conventional methods like financial advisor? I’m looking at 10% annually.” Now this statement is wrong on so many levels. Firstly, the historical, multi-decade return for equities is about 7%. 10% is simply unachievable without taking outsized risks that opens you up to complete loss of your initial capital. Secondly, a person who can achieve a...

Read More

3 Big Reasons why I won’t invest in StashAway: What you need to know about Robo-Advisers

Source: Taken at Raffles Place MRT Introduction I saw a question on the Seedly Facebook Group recently that really got me thinking: “Hi everyone, I would like to find out which mode of investment stands a higher chance to make money? Robo advisor or conventional methods like financial advisor? I’m looking at 10% annually.” Now this statement is wrong is wrong on so many levels. Firstly, the historical, multi-decade return for equities is about 7%. 10% is simply unachievable without taking outsized risks that opens you up to complete loss of your initial capita. Secondly, a person who can...

Read More

Reflections on the GRE

Photo Credits: ETS I took the GRE recently because I have been thinking of doing a postgraduate degree. I’ve completed the entire experience, and wanted to document my entire study process and what I could have done better. Hopefully this may be of use for those of you out there who are preparing for the GRE as well. Basics: GRE The Graduate Record Examinations (GRE) is a standardised test that is an admissions requirement for most postgraduate degrees around the world. The GRE is owned and administered by Educational Testing Service. The broad format of the test is set out...

Read More

Reflections on the GRE

Photo Credits: ETS I took the GRE recently because I have been thinking of doing a postgraduate degree. I’ve completed the entire experience, and wanted to document my entire study process and what I could have done better. Hopefully this may be of use for those of you out there who are preparing for the GRE as well. Basics: GRE The Graduate Record Examinations (GRE) is a standardised test that is an admissions requirement for most postgraduate degrees around the world. The GRE is owned and administered by Educational Testing Service. The broad format of the test is set out...

Read More

DBS Bank Ltd: Is this 4.3% yielding bank stock a buy?

Photo Credits: DBS FY2017 Annual Report DBS Group Holdings Ltd (D05.SI), is South East Asia’s largest bank, and one that needs no introduction to any Singaporean. This is the bank we grew up with, one that we all have an account with. I grew up with a POSB savers account (using my thumbprint), so this bank holds a special place in my heart. As at 29 March 2018, DBS’s share is trading at S$27.50, implying a forward yield of 4.36%, higher than its ever been outside of recessionary conditions. Does this make DBS Bank Ltd a buy? Is DBS...

Read More

DBS Bank Ltd: Is this 4.3% yielding bank stock a buy?

Photo Credits: DBS FY2017 Annual Report DBS Group Holdings Ltd (D05.SI), is South East Asia’s largest bank, and one that needs no introduction to any Singaporean. This is the bank we grew up with, one that we all have an account with. I grew up with a POSB savers account (using my thumbprint), so this bank holds a special place in my heart. As at 29 March 2018, DBS’s share is trading at S$27.50, implying a forward yield of 4.36%, higher than its ever been outside of recessionary conditions. Does this make DBS Bank Ltd a buy? Is DBS...

Read More

Sasseur REIT: Why I am so disappointed by this 7.5% yielding China REIT

Source: Sasseur REIT Dear Sasseur REIT, I had such great hopes when I first read about you. The first outlet mall REIT to be listed in Singapore, with assets located in China, and a forecast 7.5% annualised FY 2018 yield? Were you to be the China REIT to dispel investor doubts about China REITs? The S-REIT to allow Singaporean investors to regain their faith in China listings? But alas, the reality is a lot more complicated. Your Entrusted Management Agreement is a complicated web of obligations that effectively amounts to a 2 year income support in exchange for a...

Read More

Sasseur REIT: Why I am so disappointed by this 7.5% yielding China REIT

Source: Sasseur REIT Dear Sasseur REIT, I had such great hopes when I first read about you. The first outlet mall REIT to be listed in Singapore, with assets located in China, and a forecast 7.5% annualised FY 2018 yield? Were you to be the China REIT to dispel investor doubts about China REITs? The S-REIT to allow Singaporean investors to regain their faith in China listings? But alas, the reality is a lot more complicated. Your Entrusted Management Agreement is a complicated web of obligations that effectively amounts to a 2 year income support in exchange for a...

Read More

En blocs: Everything you need to know to avoid getting screwed by your neighbours

Photo Credits: Straits Times The number one thing that all Singaporeans love (even more than stocks and REITs) is property. Start a debate about property valuations or HDBs vs Condos as an investment and even the most demure Singaporean will get hot under the collar. Given the primacy of our residential prices to fellow islanders, and in light of the recent En-Bloc craze (Pearl Bank, Sim Lim Square etc), I thought it was an opportune time to discuss en-bloc sales. In this article, I will touch on: Decision making (How to decide whether you should participate in an En-Bloc)...

Read More
  • 1
  • 2

Like us on Facebook

Follow us on Twitter