China Fishery’s Trouble with HSBC


HSBC has recently filed a winding up application on China Fishery to the High Court of Hong Kong. It pertains to china Fishery’s (CF) difficulty in servicing its debts. From China Fishery’s AR 2014, it can be seen that China Fishery had US $303 Mil of debts which needs to be settled within this FY and it has paid US $131 Mil thus far. Similarly, in the financial year before, CF had a US … [Read more...]

Getting to know: Home Protection Scheme (HPS)

The Home Protection Scheme (HPS) is a mortgage-reducing term insurance which covers an individual’s liabilities on home loans in the event of death or permanent disability. Its premiums are affordable and is a government initiative. For every $100,000 coverage under HPS, the annual premium is about $76; that is cheaper than most term insurance.   Eligibility Currently home owners making … [Read more...]

Scholar? Straight A? Big Fish, Small Fish? Let’s talk about Financial Sense

A scholar? Straight A, Good JC student? Unfortunately, I am neither. While I will be proud to showcase my “O” and “A” certs dotted with more “B” than “A” grades, displaying another achievement of mine (a 27-year-old investor) is perhaps more fitting as a financial blogger. Counter Units Price Allocation (%) Penguin 588700 0.15 35.16 China … [Read more...]

Can Osim Turnaround its Fortunes?

Osim is synonymous with its massage chairs. Besides the massage chair business, it holds other retail brands as well such as GNC and TWG Tea. Interestingly, the major market and revenue contributor to Osim is North Asia, to be exact China. Signs of trouble in China? While the Chinese Government has painted a moderately strong outlook on China, Osim’s result is showing otherwise. 9M current … [Read more...]

Peer to Peer Lending: How I invest and minimize my risk

Some readers may have noticed: Under “My Portfolio” section, I have listed Moolahsense as part of my portfolio. What is Moolahsense?   Moolahsense is a peer to peer lending website where registered users are able to lend money directly to a company who is doing a fund raising campaigns. While the returns seem high, do note that the registered users assumes a large risk where the company may … [Read more...]

Steps to take to accumulate more wealth

Some have asked how I had accumulated $200,000 at a young age. Below were some steps I took. Save a significant portion of salary Don’t live a paycheck to paycheck lifestyle, save a portion of your salary for investments and future consumption.   Don’t put too much Money in Bank accounts and FD I hate putting a lot of money in saving accounts because the interest rates of these … [Read more...]

Monthly Update of Portfolio [September 2015]

Accumulated   Accumulated Silverlake Axis, Penguin and China Fishery (10 lots) to my portfolio. This is because these stocks have fallen to attractive values, especially Silverlake. While the verdict of Silverlake's investigation has not been released, my personal sense is that there will not be much adverse news of contagion liabilities lurking in Silverlake's balance … [Read more...]

Starting work to support my hobby


As many of you will know, I have a very expensive hobby of growing “money trees”. It takes seed capital, effort to source for fertile soil and time to grow these “trees”. And to add to my frustration, these trees sometimes become diseased and die on me. While investing has not been easy, it has been a fruitful experience and I have gained much knowledge. Unfortunately, I am running out of … [Read more...]

Thoughts on "Diamond are a sham…" and are Diamond Rings a Financial Mistake


Came across an interesting article by Robin Dhar titled "Diamonds are a sham and It's Time We Stop Getting Engaged with Them". It is interesting to learn when we buy a diamond ring; more than 50% of its value is lost as soon as we leave the store. Imagine learning that the $10,000 diamond ring you had bought yesterday is only worth $4,000 in resale value today. That's worse than buying gold or … [Read more...]

My Past Investment Mistake

In recent times, I had purchased a stock called Penguin International. Then it was 20+ cents and had price earnings and free cash flow ratio in the low single digits. It was a value investor's dream reporting strong growth and was priced attractively at its reported numbers. However, the share price has moved south and is now at 12 cents. What Changed? I had overlooked the fact Penguin's … [Read more...]

Save $25 for the first $60 purchase of online groceries [Only for DBS card members]

Came across this coupon on Honestbee which is only applicable for DBS credit/debit card members. Sign up before 30th September 2015 to enjoy a one time coupon of $25 discount when you spend a minimum worth of $60 at any single store on Honestbee website. Furthermore, you get free delivery (though you may have to wait 2 weeks or more for your … [Read more...]

Why the STI ETF is better than most unit trusts

Are you a full time employee who finds it hard to make time to monitor one’s investment due to commitments? Or feel daunted by the market jargon and maze of financial statements when investing in the stock market? If your answer is yes to either question, it may be good to leave your investment to fund managers. In my opinion, the best way is by investing in an ETF which tracks the Singapore … [Read more...]

Why Keppel REIT and Office REIT are still not attractive


Came across S-REIT Investment blog's write up on Keppel REIT where its price has fallen to "attractive levels". While the financial ratios do look attractive, it is only one side of the story and I do not find Keppel REIT attractive yet. Poor Office outlook According to URA, there will be 545,000 square meters of new office space available for 2016. And judging from the office space demand … [Read more...]

Has an entire generation been ill-advised on Financial Planning? (Part 2)

In the previous post, I have talked about the steps to create our own insurance which has an investment component comprising 60% “CPF bonds” and 40% “STI ETF”. For this post, I will touch how it generates a better return. Projected returns From the SPDR STI ETF’s track record, the annualised return is 7.11% as of end August 15. While for the “CPF bonds”, we have to assume under two … [Read more...]

Has an entire generation been ill-advised on Financial Planning? (Part 1)

Whole life insurance is a financial product which many of us own or are recommended by banks and financial planners. Recently, I came across a 15 year premium whole life product with a sum assured of $100,000. Its annual premium is in the region of $2,155. It got me thinking: Are there ways to obtain better returns, at lower risk but with the same amount of sum assured? For whole life … [Read more...]

Planning your finances and retirement using CPF


CPF has been a much talked about topic in recent years. However, most discussions has centred on how it works, why it’s good etc. Little has been discussed on how best to work with it to optimise savings for retirement or for monthly expenditures.   Make CPF our savings Our CPF savings comprises of three accounts: ordinary account (OA), medisave account (MA) & special account (SA). It is … [Read more...]

Purchase of Silverlake Axis Shares


Purchased 16,500 shares of Silverlake Axis at a weighted average of 0.55 per share (after commission) today. Brief description of Silverlake Axis Silverlake Axis's main competency lies in the core banking system industry. It produces a software which is used to run the operations of banks. After a bank purchases it, Silverlake helps to maintain the software and charges a recurring annual … [Read more...]

A long term alternative better than the Singapore Savings Bond (SSB)

Many of you have heard about the Singapore Savings bond which offers 2.63% returns if one holds it for 10 years. But did you know there is a long term bond instrument presently in the market, is as low risk as the Singapore Savings Bond but yields a higher return? Introducing the CPF Special Account (SA) Yes no mistakes here; the CPF bond is it. However, do note unlike the SSB, it cannot be … [Read more...]

Get 15-16% rebate for your first $500 credit card expenditure

DBS Live Fresh card is offering an $80 cashback for new members who sign up for the card onlineand spend a minimum $500within their first month of approval. The link is found here T&C Before you rush off to sign, here are a few things to take note. Firstly, you must be the first 5000 to sign up in that month and two; you must spend at least $500 within the first month of approval. Also, … [Read more...]

For Young Singaporeans, For Financial Freedom: Basic things to know about Insurance

Besides seeking to insure yourself before investing, young individuals (just starting out in their careers) may seek financial advisers to set up a retirement program. However, we will often be presented a few products which may seem complex and daunting due to the thick pages and jargon. Hence to help readers understand some of these common products, this article will seek to do a basic … [Read more...]