Author: KPO Adventure

2017 Net Worth

Let me start by wishing everyone Merry Christmas!!! Net worth is easily one of the most important financial numbers one should know. It is like your personal balance sheet. This is the classic comic where everyone is actually poorer than the beggar who has a net asset of $2.73. Your friend/colleague may be living in a huge condominium, driving some fancy car but it could all be financed by debts. There is absolutely nothing wrong with that as long as their income allows so. You can refer to the following articles/google on the importance of net worth. InvestmentMoats –...

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2017 Net Worth

Let me start by wishing everyone Merry Christmas!!! Net worth is easily one of the most important financial numbers one should know. It is like your personal balance sheet. This is the classic comic where everyone is actually poorer than the beggar who has a net asset of $2.73. Your friend/colleague may be living in a huge condominium, driving some fancy car but it could all be financed by debts. There is absolutely nothing wrong with that as long as their income allows so. You can refer to the following articles/google on the importance of net worth. InvestmentMoats –...

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Portfolio Performance in 2017

2017 will be over soon! I hope everyone manages to meet their 2017 new year resolution if not you have about 2 weeks to do so :) I believe we will not be buying/selling any more stocks as the year ends so let’s take a look at how our portfolio did for the year of 2017. The overall performance of our portfolio since 2014 is 8.98% (time-weighted return) and 9.60% (XIRR). Yay! We are easily contented, our return is positive and higher than bank/CPF SA interest :) If you are wondering what is the difference between time-weighted return and XIRR,...

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Portfolio Performance in 2017

2017 will be over soon! I hope everyone manages to meet their 2017 new year resolution if not you have about 2 weeks to do so :) I believe we will not be buying/selling any more stocks as the year ends so let’s take a look at how our portfolio did for the year of 2017. The overall performance of our portfolio since 2014 is 8.98% (time-weighted return) and 9.60% (XIRR). Yay! We are easily contented, our return is positive and higher than bank/CPF SA interest :) If you are wondering what is the difference between time-weighted return and XIRR,...

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StashAway Portfolio Reoptimisation

I received an email from StashAway last Friday (15th December 2017) titled “Your portfolio has been re-optimised”. If you use StashAway and missed the email, you might want to click on this link to see what has been reoptimised in your portfolio. Let’s take a look at what has changed for ours (General Investing – Highest Risk Level at 28)! Do note that the changes in allocations will vary across portfolios due to risk preferences. As stated, the main objective of this reoptimisation is to “harness the undervaluations of gold (GLD) and consumer staples (XLP)“. There are 6 changes in our portfolio as...

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StashAway Portfolio Reoptimisation

I received an email from StashAway last Friday (15th December 2017) titled “Your portfolio has been re-optimised”. If you use StashAway and missed the email, you might want to click on this link to see what has been reoptimised in your portfolio. Let’s take a look at what has changed for ours (General Investing – Highest Risk Level at 28)! Do note that the changes in allocations will vary across portfolios due to risk preferences. As stated, the main objective of this reoptimisation is to “harness the undervaluations of gold (GLD) and consumer staples (XLP)“. There are 6 changes in our portfolio as...

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Book Review – The Automatic Millionaire

During the last weekend, CZM hijacked my laptop and was using it to work. Out of boredom, I googled for the “best finance books to read in 2017” and came across the link by Business Insider – The 25 best personal finance books to read in 2017. As I read the article, this particular book, The Automatic Millionaire by David Bach caught my eye. As recommended by one of the readers during my last book review (Book Review – Building Wealth through REITS), we can borrow the book from the National Library Board mobile app/site and use OverDrive to...

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Book Review – The Automatic Millionaire

During the last weekend, CZM hijacked my laptop and was using it to work. Out of boredom, I googled for the “best finance books to read in 2017” and came across the link by Business Insider – The 25 best personal finance books to read in 2017. As I read the article, this particular book, The Automatic Millionaire by David Bach caught my eye. As recommended by one of the readers during my last book review (Book Review – Building Wealth through REITS), we can borrow the book from the National Library Board mobile app/site and use OverDrive to...

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APAC Realty

We have purchased 12,000 units of APAC Realty last week (7th December 2017) at $0.86. The IPO price was at $0.66, opened at $0.695 on 28th September 2017 and went as high as $0.975! At the point of writing this article, the price is currently at $0.865. The latest 3rd Quarter financial statement was pretty good where the revenue till date for the year (9 months) improved by 30.3% and the profit by 64.6%! In its IPO prospectus, using the adjusted 2016 EPS of 4.47 cents and IPO price of $0.66, the PE ratio was about 14.76. If we were to use...

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APAC Realty

We have purchased 12,000 units of APAC Realty last week (7th December 2017) at $0.86. The IPO price was at $0.66, opened at $0.695 on 28th September 2017 and went as high as $0.975! At the point of writing this article, the price is currently at $0.865. The latest 3rd Quarter financial statement was pretty good where the revenue till date for the year (9 months) improved by 30.3% and the profit by 64.6%! In its IPO prospectus, using the adjusted 2016 EPS of 4.47 cents and IPO price of $0.66, the PE ratio was about 14.76. If we were to use...

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StashAway – November 2017

USD has fallen slightly which is great for those shopping at Amazon during Black Friday and Cyber Monday but not so good for our StashAway portfolio. lol. On a side note, I realized that the statement is different again this month! 1. ACCOUNT SUMMARY (as of the last day of the month) The exchange rate at the start of the month was 1 USD = 1.3608 SGD as compared to 1 USD = 1.347 SGD at the end of the month. What does this mean? If you are optimistic, it means that you will be able to buy more underlying ETFs...

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StashAway – November 2017

USD has fallen slightly which is great for those shopping at Amazon during Black Friday and Cyber Monday but not so good for our StashAway portfolio. lol. On a side note, I realized that the statement is different again this month! 1. ACCOUNT SUMMARY (as of the last day of the month) The exchange rate at the start of the month was 1 USD = 1.3608 SGD as compared to 1 USD = 1.347 SGD at the end of the month. What does this mean? If you are optimistic, it means that you will be able to buy more underlying ETFs...

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Portfolio Update – November 2017

Our portfolio shrank by -1.86% to $281,122 – $3,434.19 of capital injection and -$8,761.19 of  capital growth/reduction. We enjoyed a $9,925.66 of capital growth in October 2017 and that has disappeared faster than expected. In short, the decrease is due to the property stocks retracing back to the previous level. SOLD – MindChamps (5,000 units) @ $0.9 I blogged about MindChamps in the previous article – What’s Harder than BTO? IPO. Our initial plan was to hold it for the long term but due to a change in government policy, we decided to put a stop loss and the stop loss was eventually triggered....

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Portfolio Update – November 2017

Our portfolio shrank by -1.86% to $281,122 – $3,434.19 of capital injection and -$8,761.19 of  capital growth/reduction. We enjoyed a $9,925.66 of capital growth in October 2017 and that has disappeared faster than expected. In short, the decrease is due to the property stocks retracing back to the previous level. SOLD– MindChamps (5,000 units) @ $0.9 I blogged about MindChamps in the previous article – What’s Harder than BTO? IPO. Our initial plan was to hold it for the long term but due to a change in government policy, we decided to put a stop loss and the stop loss was eventually triggered. It...

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What’s Harder than BTO? IPO

I always thought applying for a BTO was hard, until I try IPOs! $6 for 3 tries but did not get any! Even though we did not get any shares from the public tranche, we decided to purchase MindChamps from the market and hold it long term because we believe that parents are willing to spend money on their children to give them the best. So I place an order before the market open at $0.84 but did not get any (not sure why). I continued to chase (kept modifying the order) the price and finally got in at $0.875...

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