Author: KPO and CZM

Unethical SingPost

We made our first transactions for the year and you might have guessed it based on the title of the post. After holding it for 512 days (~1+ years) and including all the dividends collected, the total return is -26.3% and the annualized return is -19.5%. CZM has been sharing lots of news on SingPost and insisted that we should sell SingPost. You know – happy wife, happy life. – SingPost apologises after getting caught trying to trick man who paid S$7,000 to distribute flyers– SingPost fined S$100,000 for not delivering mail on time in 2017– Mechanical fault caused letterboxes to be...

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Portfolio – January 2019

Happy Chinese New Year everyone! This is our first CNY and we are no longer on the receiving end. From additional small “income” to huge expense that we got to incur yearly :( We were also debating who should be the one giving out (based on my observation, it is always the “mother/aunt” giving out). lol. On the bright side, the market has recovered so much that we would have met our target based on this month portfolio – Portfolio Performance in 2018. Our portfolio increase by 6.70% to $376,381 – $728.00 of capital injection and (surprise, surprise!) $22,908.40 of capital gain. The one in blue is the StashAway portfolio, green is SGX and the total...

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StashAway – December 2018

Do take a look at our New Strategy: StashAway + Supplementary Retirement Scheme (SRS) which was pretty timely as I will be in the 11.5% income tax bracket for the year 2019 after receiving my new compensation/salary! 1. ACCOUNT SUMMARY (as of the last day of the month) Based on the statement (31 December 2018), we lost $451.42. As of 30 January 2019, the market has recovered quite a bit and the total return became -$75.42. We lost -$90.25 from investment returns with a currency impact of  $14.83. 2. PORTFOLIO DETAILS  3. TRANSACTIONS I realized that there was a USD to SGD conversion. I always had the impression that since 1%...

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Honeymoon to the United States – Total Expenses

The initial plan was to let CZM finish all her itinerary posts first before ending it with the big question – how much did we spend in total? Unfortunately, CZM is getting busier with her work so I shall share the total expenses for the honeymoon trip first. A quick recap – we spent 15 nights 15 days in the United States and 1 day (~7/8 hours) in Japan during the layover. Transport Surprise, surprise. This was actually our highest expense. We rented a Mercedes Benz Convertible for about $2k. The rest of the expenses were fuel, subway, coach/buses, and...

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Expenses – December 2018

It has been a very sad and dramatic week for many especially the family. It is extremely difficult to come to terms with death when it happens so suddenly and even more so for the parents (白发人送黑发人 – to see one’s child die before oneself). RIP Aloysius Pang. I am lagging in some of my updates, shall try to publish them before the month ends! Current Profile: 28 years old male who got married recently and is still living with his parents. Staying separately with his wife while waiting for the BTO project to be completed this year. You...

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Honeymoon to the United States – 3 Days 2 Nights in Yosemite

Continued from our previous post – Honeymoon to the United States – 2 Days 2 Nights in San Francisco Day 5 7:00AM – Free buffet breakfast at hotel :) checked 8:00AM – Collection of car rental at Hertz checked 2:00PM – Miners Inn at Mariposa checked 2:30PM – Lunch at nearby vicinity checked 3:00PM – Yosemite National Park skipped 7:00PM – Dinner checked 8:00PM – Stargazing at Sentinel Dome, Yosemite National Park checked Reality: Woke up feeling super excited that we can finally eat buffet breakfast! The buffet spread at the Park Central hotel was good – there was free flow smoke salmon! Feeling satisfied...

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KPO’s Salary 2018

Another year has passed since I got promoted with a ridiculously huge (>20%) increment which I blogged about here – Salary – You Are Your Best Investment. I was given my new compensation package last week and it was still pretty decent (exceeded our expectation of 5% yearly). Monthly/Annual salary increases by 8.6% while the bonus remains the same in terms of the amount but decreases when converted to the typical measure of x number of months (1.4 months vs 1.71 months). Sounds like some mathematical problem sum? lol.With that, I have unlocked another achievement – a tiny step...

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Honeymoon to the United States – 2 Days 2 Nights in San Francisco

Continued from our previous post – Honeymoon to the United States – 3 Days 2 Nights in New York We took the domestic Alaska flight from EWR airport to San Francisco. Guess what, the flight duration from NY to SF is more than 6 hours! That’s enough for us to fly from Singapore to Japan? I didn’t know America is so huge (okay I am a sua ku). Thankfully, due to the time difference between NY and SF, we managed to “fly back in time” and reached SF around 10pm. We checked in at the nearby Four Points by...

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Portfolio Performance in 2018

Let’s take a look at how our overall portfolio did for the year 2018. If you prefer looking at a graph. Ideally, the red line should be above the orange line >.<” For the year 2018, our portfolio time-weighted return was -10.37% vs -6.63% (ES3: STI ETF). The overall performance since 2014 is -1.56% (time-weighted return) and 0.35% (XIRR). This is pretty bad and I will go into details later. If you are wondering what is the difference between time-weighted return and XIRR, do read this article by common fund. In short, XIRR takes cash flows into account while time-weighted return does not so the way they...

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Honeymoon to the United States – 3 Days 2 Nights in New York

We had an extremely packed itinerary and were in New York for just 3 days before flying to the West Coast. The main reason why we flew into New York first is that Singapore Airlines only operates A380 (Suites) to/from New York (JFK). I will be sharing our actual itinerary vs what we did on that day (after all things do not always go according to plan) so that you can learn from our mistakes or take note of the costs/expenses incurred. My memory is not good but fortunately/unfortunately, Google is constantly tracking us. Day 1 Expectation: 2:00 PM – New York...

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Our CPF 2018

We did not want to reveal too much of our CPF previously because the salary could potentially be computed by reversing the numbers. However, since our monthly salary has already exceeded the contribution cap (the Ordinary Wage Ceiling which is currently capped at $6,000), we can now review the numbers and the interest that was credited a few days ago! KPO’s CPF I was transferring OA to SA for higher interest once I started working and blogged about it here – CPF Milestone ($40k in Special Account) and The Power of Compound Interest. I stopped transferring and began to build up...

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Thank You Cathay Pacific! Another First Class Flight on American Airlines

By now, you should have seen news about Cathay Pacific selling cheap Business and First Class ticket at Economy prices on the first day of the year. That was how CZM and I were spending our morning! Even though the tickets were really cheap, we could not decide on when and where to go. CZM has this month end stuff at the start of the month (it doesn’t make sense to me) so technically, we can only travel from mid-month to the end of the month. It becomes more complicated when you add in quarter and financial year end....

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Portfolio – December 2018

Our new year has been pretty exciting when we woke up to news of Cathay First Class bug/glitch and managed to snatch 2 return First Class ticket to Washington (IAD) from Vietnam, Hanoi (HAN) at ~1.4k USD each. Definitely not expecting to fly First Class again but let’s see if Cathay will be honouring the fares/tickets. Our portfolio decrease by -0.87% to $352,744 – $3,368.19 of capital injection and -$6,469.65 of capital gain. The one in blue is the StashAway portfolio, green is SGX and the total is in black. If you prefer to look at numbers, this is the raw data used to generate the above bar graph. These...

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Ten Lessons Learnt from the Wedding

Like any major project, I was discussing with KPO the other day whether we should have an After Action Review for our wedding. Of course we will not be holding any more wedding, but hopefully this can benefit other future couples who are intending to tie the knot. So below are the ten things which we feel that we have done correctly / it can be improved: 1. Choose your wedding venue early We started looking for wedding venues a year and a half in advance. As such, we were spoilt with choices as all the venues we inquired...

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New Strategy: StashAway + Supplementary Retirement Scheme (SRS)

One can now invest your money in the Supplementary Retirement Scheme (SRS) account with StashAway as seen here – Take your SRS funds further. If you are not familiar with SRS, I suggest reading up more first (Kyith from InvestmentMoats recently blogged about it – I Spent $1 to Open a SRS Account to Fix the Withdrawal Age). Generally, it is more beneficial for people with a higher tax bracket. The statutory retirement age is currently at 62 and one can make withdrawals over the next 10 years after the first penalty-free withdrawal where only 50% of the withdrawal amount will be subjected tax....

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