Author: Heartland Boy

Why Heartland Girl Is Hopping Over To An Improved DBS Multiplier Account

About 2 years ago, Heartland Girl embarked on a full-time Masters Programme in Counselling and Guidance at the National Institute of Education. The motivation behind that decision was to help more individuals lead successful, fulfilling, and well-meaning lives in her capacity as a counsellor. It was not an attempt to one up Heartland Boy and prove that she is the smarter one in the household, or so she says. Well, the downside of undertaking a full-time course is that she has to reduce the workload at her full-time employment. As a result, Heartland Girl has repeatedly failed to credit...

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Why I Helped My Mum Open An UOB Stash Account

A few weekends ago, Heartland Boy finally managed to convince his mum to go to the bank and open a new savings account. Now that Heartland Boy is back in Singapore for good, these are the little errands that he can now accomplish with his parents. Anyway, back to the topic of a bank savings account. Heartland Boy’s mum has been studiously stashing away her money in her POSB savings account all her life. For as long as Heartland Boy could remember, POSB was paying her mum an interest rate of 0.05%. This was particularly frustrating as Heartland Boy...

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Geo Energy: Initiation Report

Business Model of Geo Energy Geo Energy (SGX Stock Ticker RE4) is a coal producer established in 2008 and listed on the Singapore Stock Exchange’s main board in 2012. It owns several coal mines over 17,000 hectares and has almost 100 million tonnes of coal reserves. After its IPO, Geo Energy was mired in years of unprofitability as coal prices nosedived from the highs experienced in 2010. Long-time shareholders have suffered as a result. Oh yes, you can count Jim Rogers as one of them too. Jim Rogers became a Geo Energy board of director since December 2012. In...

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Heartland Boy Featured At Invest Fair 2017 Singapore

Invest Fair has always been an event which Heartland Boy has attended ever since he got curious about investing. Heartland Boy attended only because it is a free-admission event whereby the public can learn more about investments. It is the annual flagship event organized by ShareInvestor, a subsidiary of Singapore Press Holdings. Invest Fair 2017 Singapore was held on 5th and 6th August 2017 at Suntec Convention Centre. For the 2017 edition, it got a little more special for Heartland Boy because he was invited to be one of the panelists for a specific subject matter. Yes, Heartland Boy...

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Curating The Best Air Miles Credit Card On SingSaver

Heartland Boy has predominantly favoured credit cards that provide cashback over air miles. There were 2 reasons for this. 1) His expatriate package in Jakarta granted him an annual number of flights on premium carriers. 2) The ANZ Optimum Credit Card rewarded his 5% cashback whenever he had to book his Jakarta-Singapore tickers on budget carriers. However, things have changed lately. Firstly, ANZ’s retail banking division has been purchased by DBS and as a result, the ANZ Optimum Credit Card is no longer valid. Secondly, Heartland Boy has been posted back to Singapore for good! That also meant that he has...

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How CPF gives extra interest rate for my parents’ retirement accounts

If you ask Heartland Boy what is his biggest worry right now, his answer will be “Retirement”. Not his retirement, but his parents’ retirement. He only came to know about his parents’ lack of retirement funds when he helped them to set up two-factor authentication (2FA) for their respective SingPasses. Armed with their SingPasses and with their permission, he proceeded to log onto their Central Provident Fund (‘CPF’) accounts to steal a glimpse. His heart sank. Their retirement prospects are bleak and it will inevitably become an issue for his family to grapple with in the near future. At...

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Choosing Hong Kong For Our First Family Holiday Destination

In June 2017, Heartland Boy’s family reached a mini milestone- they embarked on their first overseas holiday together as a family! Of course, trips to neighbouring Malaysia should not be counted! This is definitely a memorable occasion worth penning down in this blog. For Heartland Boy, this was a moment 29 years in the making! A confluence of factors made this family vacation possible: His parents finally shut down their hawker stall and were waiting to find new jobs. The children are working adults who can help finance this family holiday Heartland Boy was guilty after making too many...

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Should I Accept Blackstone Cash Offer For Croesus Retail Trust?

This week, Heartland Boy was forced to close the chapter on a cornerstone stock in his portfolio, Croesus Retail Trust. He first invested in Croesus Retail Trust in June 2015. Over a 27-month holding period, Heartland Boy managed to recognize an XIRR of 27.4% and an overall margin of 58% over his cost of investment. Again, this is a very satisfying return and quite similar to what he had achieved for Lippo REIT. What this also implies is that he will not have to decide between voting for or against Blackstone cash offer for Croesus Retail Trust. Yes, Heartland...

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Why Heartland Boy Sold Off Lippo REIT

Heartland Boy first purchased Lippo Malls Indonesia Retail Trust (‘Lippo REIT’) in May 2016 at 33 cents. He subsequently added to his position at 37.5 cents. On 25 August 2017, he sold off all of his shares in Lippo REIT at 43 cents. Including dividends, this translated into an XIRR return of 31.3% over a 15-month holding period. Heartland Boy is quite satisfied with his return for a stock with a relatively low beta listed on the Singapore stock exchange (SGX). However, he recognizes that his investment thesis is unlikely to pan out as forecast going forward. Here are...

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More Brown Rice After National Day Rally 2017?

Not many millennials would excitedly look forward to the National Day Rally, unless they were unlucky enough to be Heartland Boy’s previous economics students. Call him a nerd, but Heartland Boy listened to the National Day Rally online while he was travelling from the airport to his office. Well, for those who missed out on the National Day Rally 2017 that was held on 20 August 2017, here are the key highlights. In summary, Prime Minister Lee Hsien Loong (‘PM Lee’) made 3 key messages that his government is working hard on: Improving pre-school education Fighting diabetes Transforming Singapore towards...

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How Aspiring Home Owners Can Benefit From HDB Re-Offer Of Balance Flats

The government recently introduced a new scheme for Singapore citizens applying for HDB flats. Known as the Re-offer of Balance Flats (‘ROF’), it pools all unsold flats after a Sale of Balance Flats (‘SBF’) exercise. Heartland Boy thought this was a very interesting scheme. The public seemed to agree too as more than 5,500 applications were received for the 1,394 flats that were available. Here is Heartland Boy’s review of the ROF scheme and how aspiring home-owners can benefit from HDB Re-Offer Of Balance Flats. What Is The Re-offer Of Balance Flats? According to HDB, the Re-offer of Balance...

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[Giveaway] Win Tickets To SGX Bull Charge Charity Run 2017

The SGX Bull Charge is one of several SGX’s Corporate Social Responsibility (CSR) events. According to SGX, the SGX Bull Charge seeks to rally the companies listed on SGX and the finance industry towards a common goal of empowering communities through financial literacy and promoting sustainable societies. This is primarily achieved through 3 key fundraising events – Charity Golf, Charity Futsal and Charity Run. Both the Charity Golf and Charity Futsal have already been completed, with only the Charity Run remaining for the calendar year of 2017. Courtesy of SGX, Heartland Boy has 10 free tickets to be given...

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How To Invest In The Best Singapore REITS

For many retail investors, it is usually the mouth-watering yield offered by S-REITS that first catch their attention. It is well known that REITS as an asset class provides one of the best dividend yields in the market. For Heartland Boy, he was first attracted to REITS as he was tasked to build a dividend portfolio for Heartland Girl. Based on Heartland Girl’s investment profile, she prefers investing in equities with low beta and high dividend yields. (nothing wrong with that though)  This kick-started a journey whereby Heartland Boy started to learn the fundamentals of the REIT industry, as...

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Why The RWS Invites Membership Is Value For Money

Resorts World Sentosa holds a special place in the Heartland Couple’s hearts. They celebrated many important milestones at this lifestyle destination resort. It started with Heartland Boy proposing to Heartland Girl at Ocean Restaurant. Their journey with RWS culminated with their wedding reception at Tangerine restaurant in ESPA. It was a beautiful restaurant that allowed them to hold the kind of wedding they envisaged. As a bonus, this one-off expenditure allowed them to qualify for the RWS Invites membership. Throughout the year, Heartland Boy has been working his RWS Invites membership hard to achieve incredible savings. Here is his...

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How To Meet Minimum Spending Requirement On Your Credit Card

Has it ever occurred to you that you miss out on your cash rebate or savings’ interest because you fail to meet the minimum spending requirement on your credit card? That is because it is common for the banks to mandate that you reach a minimum spending on your credit card before certain lucrative bonus and rewards start to kick in. For instance, Heartland Boy has to ensure that he spends at least $500 per month on his UOB One credit card so that he does not miss out on an annual interest of $775. This is already considered...

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