Author: KPO Adventure

PayNow Promotion Part 2

When PayNow was first launched back in July, I analyzed and wrote an article about it – PayNow and its Promotions. I recommended one to registered with SCB for the $10 or with OCBC to win their lucky draw. 2 days ago, I received an SMS from SCB stating that the $10 has been credited to my bank account :) Who doesn’t love free money? Thank you SCB! SCB paid out $200,000 for this promotion – $10 for the first 20,000 eligible customers. Whoever working in SCB, your bonus must be awesome. lol. Any lucky readers that won any of the...

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How ETFs Work – Using Lion-Phillip S-REIT ETF as an Example

I have written an article on SGX 3rd REIT ETF – Lion-Phillip S-REIT ETF last week. CZM and I were initially quite interested until some of the readers mentioned that there will be a 17% corporate tax which will reduce the dividends significantly! Do check it out if you have yet to read it :) We all know that Exchange Traded Funds (ETFs) are low cost passive funds but have you ever wonder/know how ETF works? Vanguard has an article explaining this – How ETFs work. Using Lion-Phillip S-REIT ETF as an example, the ETF sponsor is Lion Global Investors Limited...

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Croesus Retail Trust – Interesting Opportunity to Arbitrage

As you might already know, Croesus Retail Trust will be delisted on 27th October 2017 as it has been acquired – Blackstone makes offer for Croesus Retail Trust at S$1.17 per unit. The interesting thing is that the current share price is S$1.165 and that presents an opportunity to arbitrage! I buy at $1.165, hold till 11th October 2017 and get paid S$1.17 on 27th October 2017. As a SCB priority customer, there is no minimum commission and the commission structure is as follows: 1. Brokerage Fees: 0.18% 2. SGX Clearing Fee: 0.04% 3. GST: 7.00% A quick calculation shows...

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Portfolio Update – September 2017

Our portfolio grew by 0.58% to $268,305 – $3,263.93 of capital injection which was partially offset by market moving against us, -$1,723.93! At one glance, the decrease can be mainly attributed to Soilbuild REIT (-$750), Guocoland (-$720) and Capitaland (-$560). SOLD – Lippo Malls Trust (4,000 units) @ $0.44 (PnL: $611.81) Lippo Malls Trust is one of my “legacy” stocks which I have been holding for about 3 years (first purchased on 27-05-2014, back in my university days). If I remembered correctly, I bought it because it had a high dividend yield. lol. Anyway, Heartland Boy wrote an excellent piece on...

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3rd REIT ETF – Lion-Phillip S-REIT ETF

KPO and CZM are back from our long 2 weeks holiday and we missed the APAC Realty IPO! I can only console ourselves that we have not been very lucky with IPOs so we will most likely waste the $2… On the bright side, a 3rd REIT ETF – Lion-Phillip S-REIT ETF will be listed on SGX. The main difference is that the REITs in the ETF are all from SGX. The ETF attempts to replicate the Morningstar Singapore REIT Yield Focus Index (click on “Equity” follow by “Dividend”). You can refer to the prospectus in MAS site for more information too. Since this...

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Going on Holiday to Hong Kong and Indonesia!

KPO and CZM will be going on holiday for the next 2 weeks – Hong Kong for 5 days and Indonesia (Bandung and Jakarta) for 6 days! Our total expenses before we even go for the trip are as follows: Disclaimer – I did not pay for all the trip. The KPO is referring to our KPO Expense Fund :) Our flight to Hong Kong is through Jetstar (without luggage). If you are wondering why the flight to Bandung is so cheap, I have written an article on how/why we decided to use miles to exchange for it – KrisFlyer...

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CPF Milestone ($40k in Special Account) and The Power of Compound Interest

Yay! KPO’s CPF has hit a milestone, my SA (Special Account) has hit its first $40,000! If you are wondering, what is the big deal? It is just 4/5% of risk-free interest (for now) that can be compounded for many many years :) I have been transferring my OA to SA ever since I started working. The reason why I can do this is that I do not have any liability/mortgage to pay as of now. Going forward, I will stop transferring as I need to build up my OA for my house in 2019! Anyway, the interest rates for our...

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A Look Into StashAway Monthly Statement

We have finally received the August monthly statement from StashAway! Immediately KPO went into excel/spreadsheet mode and generated MULTIPLE spreadsheets. We received the statement last Friday but was too busy window shopping at bridal shops over the weekend. Hence, this article got delayed. I felt that this article would be extremely useful for those that are new to StashAway or considering to use it. There are 5 sections in the statement and they are as follows: 1. ACCOUNT OVERVIEW (as of the last day of the month) You will be able to see the amount of USD invested in securities/ETFs together with...

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Weekend Bridal Shop Window Shopping

It was pretty random but CZM and I went to check down to a few bridal shops over the weekend. However, our intention was to check things out and not sign anything. These are the bridal shops that we went to: Rico-A-Mona Yikeshu Bridal and Photography Studio 1728 Wedding House CZM has been sharing and tagging me on a lot of Rico-A-Mona gowns on FB. She would ask me if this or that is nice and I would always say “all of it looks nice on you”. Hahaha. Naturally, that was the first bridal shop we went to check...

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Portfolio Update – August 2017

Our portfolio grew by 3.20% to $266,765 – $5,182.17 of capital injection and around $3,095.83 of capital growth! BOUGHT – Sheng Siong (2,000 units) @ $0.935 – Raffles Medical (6,000 units) @ $1.10 Amazon first launched its services in Singapore last month and immediately, we saw weakness in Sheng Siong price and decided to accumulate more. We surveyed both our parents and they said “online grocery not fresh”. lol. This article by Singapore Business Review – Why Sheng Siong can shrug off threats from Amazon states that “Singapore’s online grocery retail market remains small at less than 2% or $96m...

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KPO Needs to Lose Weight

Not everything that goes up is good especially when it comes to one’s weight. KPO has been putting on more and more weight ever since he started working. He hardly exercises apart from the “force” IPT sessions which he surrenders signs up for because he cannot pass his IPPT. lol. Let’s take a look at my fundamentals: Weight – 83.5 kg Height – 173 cm At one glance, we know this is a lousy stock unhealthy man, not sure why CZM continues to invest in KPO. To make sense of the above numbers, we shall make use of BMI (Body...

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A Coffee Session with Michele Ferrario – CEO of StashAway

Let me start by saying that this is not a sponsored post but from our experience. It was just another typical day at work (2 weeks back) when I suddenly received an email from Michele Ferrario inviting us out for a lunch/coffee. Turns out he has read both of my articles on StashAway and wanted to discuss further. He was very sincere and even offered to travel near our workplace to make things easier for us. CZM and I were laughing at the email when he addressed CZM as “Zui Mao”. lol. The thoughts of meeting him were quite daunting...

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Bleeding Stocks – Ezion [Part 3]

This is the third and final series of “Bleeding Stocks” where KPO will be looking at 老鼠屎 (rat shit) dragging down the overall performance of his portfolio. Do check out the rest if you have not :) Bleeding Stocks – QAF [Part 1] Bleeding Stocks – Raffles Medical [Part 2] I was wondering if I should rename this to dead stock instead of bleeding when Ezion made an announcement to suspend trading. lol. Based on the last closed/suspended price, that is a -68% loss! I am guessing it will be even more when Ezion resumes trading. How did KPO even end up in this...

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Effects of Fees on Return – StashAway vs Smartly vs AutoWealth

This month has been a pretty busy month and KPO will be on reservist for the next 2 weeks! CZM has finally came back to blog about our 9th year anniversary lunch at JAAN. Do check it out and show your support :) There was an interesting discussion going on in the comments section of my last article – Who has the lowest fees? StashAway vs Smartly vs AutoWealth. It all started when foolish chameleon asked if one should be switching the money from one robo advisor to another once one has reach the next level to be entitled to lower fees. The...

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9th Anniversary at JAAN

KPO has decided to bring me to JAAN to celebrate our 9th year anniversary (gosh yes we are together for almost a decade). Some background of JAAN – located at level 70 of Swissotel, this is a French restaurant which was awarded 1 star in the Michelin Guide 2017 and voted as one of Asia’s best restaurants 2017. Given this and strong recommendation by our close friend, we decided to give it a try. We were given a nice window seat and this is the view. There are a few different types of seasonal lunch menu to choose from but being...

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