Author: My Sweet Retirement

My Sweet Retirement Mid Year Checkpoint 2018

Time files as half a year of precious time has gone. This year, the U.S Fed has been raising interest rates, impacting the prices of REITs. On a positive note, there are opportunities as prices of REITs dipped slightly. It is unclear whether REITs can maintain their full year DPU but we shall monitor and see over the next few quarters. Recently, I received my performance bonus at work. I have expected a lower payout as compared to last year. This is the first year I am on the role of a manager and I am glad I did...

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Results of My Application for Frasers Logistics and Industrial Trust Preferential Offering

Last month, I have bought Frasers Logistics and Industrial Trust which entitles me to the recent public placement via Preferential Offering. One Preferential Offering new unit was offered for every ten existing units of Frasers Logistics and Industrial Trust you held. Each new Preferential Offering new unit was offered at S$0.967. Based on the closing price of S$1.03 on 1st June 2018, the new Preferential Offering new units will be a 6.51% discount if you have applied for it. Yes, I have taken up the offer for the Preferential Offering and also subscribed for excess units. The results of my...

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July 2018 Singapore Savings Bonds is 2.63%

\ The effective interest rate for July 2018 Singapore Savings Bonds if you held it for 10 years is 2.63%. This is the highest interest rate for the past 12 months of Singapore Savings Bonds. In fact, the interest rate is the same as initial issuance of Singapore Savings Bonds in October 2015. As usual, I will be applying for July 2018 Singapore Savings Bonds (GX18070N). If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. If you subscribe for July 2018 Singapore Savings Bonds, the next payout will be January 2019 and July 2019 respectively....

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Summary of May 2018 Transactions

There has been major changes to my stock portfolio this month. I have added Frasers Logistics & Industrial Trust to my stock portfolio. You can read more of my personal analysis here ( My Personal Analysis of Frasers Logistics and Industrial Trust ). Frasers Logistics and Industrial Trust now makes up 7% of my stock portfolio. To partially fund my purchase of Frasers Logistics and Industrial Trust, I have sold off Boustead at a loss of 11%. However, with the dividends I have collected over the years, I made a profit of 31.5%. Gone are the glory days of Boustead...

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My Personal Analysis of Frasers Logistics and Industrial Trust

Frasers Logistics and Industrial Trust has been the hot topic recently. Frasers Logistics and Industrial Trust is an industrial REIT focused on prime properties concentrated in major industrial markets in Australia.  IPO in 2016, the REIT has been generating an accretive yield for dividend investors. I considered the manager of the REIT to be aggressive as less than 2 years from its listing date (“20 June 2016”), the manager announced the acquisition of another 21 prime properties in Germany and the Netherlands on 20th April 2018. The acquisition was funded through a private placement which raised S$329 million. Portfolio...

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Starhill Global REIT Sells Nakameguro Place Property

Following my updates on Starhill Global REIT’s recent financial results ( Starhill Global REIT 3Q2017/18 Results Is Disappointing ) , the manager of the REIT has announced the divestment of one of its Japan properties. The divested property is located in the Nakameguro district and is a 4-storey building mainly for retail use. The property by asset value accounts for 8.6% of the Japan portfolio and 0.2% of Starhill Global REIT’s portfolio. The property is valued at JPY 420 million (estimate S$5.1 million) but was sold for JPY 525 million. I consider it as a decent transaction. If you didn’t...

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June 2018 Singapore Savings Bonds is 2.43%

The effective interest rate for June 2018 Singapore Savings Bonds if you held it for 10 years is 2.43%. This is the highest interest rate for the past 12 months of Singapore Savings Bonds. There are many ways the Singapore Savings Bonds can be useful. As it yields higher interest rates than most traditional savings account ( Singapore Savings Bond versus Savings Account versus Fixed Deposits ), it can be the best place to park your spare cash or serve as a temporary war chest for your stock investments. I personally like to allocate a portion of my annual wage...

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My Ethereum Mining Journey 4 Months Update

At that point when I build my Ethereum mining rig back in February, 1 ETH equals to roughly S$1,774.26. At the point of writing this post, 1 ETH roughly equals to S$962.80. Base on a weekly mining reward of 0.08064665 ETH generated from my Ethereum mining rig, I am able to mine a total of roughly 0.08064665 x 4 weeks = 0.3225866 ETH. Based on current price, this equates to S$307.88 per month. Of course, this is before the deduction of electricity costs. If I deduct away the cost of electricity (estimate S$95 monthly), the remaining profit is roughly S$212.88. The price of Ethereum...

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Starhill Global REIT 3Q2017/18 Results Is Disappointing

On 26 April 2018, Starhill Global REIT has released a set of disappointing 3QFY17/FY18 results. Gross Revenue, Net Property Income (“NPI”), Distributable Income and Distribution Per Unit (“DPU”) has all declined. Despite the fact that distributable income has declined by 6.3%, the manager retained $1.6 million for working capital purposes, worsening the income to be distributed to unit holders. Distribution Per Unit (“DPU”) fell by 7.6%. This was unexpected of a Retail/Office REIT. 3QFY17/18 3QFY16/17 Change Gross Revenue $51.7 mil $53.3 mil (3.0%) Net Property Income $40.3 mil $41.2 mil (2.3%) Distributable Income $25.4 $27.1 mil (6.3%) Income to...

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CapitaLand Mall Trust 1Q2018 Financial Results and Divestment of Sembawang Shopping Mall

CapitaLand Mall Trust, Singapore’s first and largest retail REIT has recently announced a decent set of 1Q2018 financial results. I shall not dwell too much into its financial results as you can judge them yourself based on the results below but all I can say is that I am happy to see Distribution Per Unit (“DPU”) increase by 1.8%. CapitaLand Mall Trust currently makes up 12% of my stock portfolio and I am excited to receive higher dividends quarter on quarter. 1Q2018 (S$’000) 1Q2017 (S$’000) Change Gross Revenue 175,164 172,023 1.8% Net Property Income 125,651 120,060 4.7% Distributable Income...

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Kingsmen Creatives Awarded Contracts Worth $22 Million

On 13th April 2018, I receive an email notification about Kingsmen Creatives that they have been awarded with contracts worth $22 million for National Day Parade 2018 and National History Event. Despite the good news, it seems that the market did not react positively. As you can see from the chart above, the stock price of Kingsmen Creatives remains flat below 60 cents. The stock market is really irrational. According to the announcement, the contracts comprise the National Day Parade 2018 and the National History Event valued at S$3 million and S$19 million respectively. The contract for the National Day...

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4 Tips To Help You Achieve Your Sweet Retirement

Below are some of the tips I have been practicing and I hope it helps you to achieve your sweet retirement. Please feel free to share more tips with me in the comments below. #1 Invest For Passive Income If you have followed my blog, you know that I am a dividend investor. As a dividend investor, I collect dividends from stocks that I bought, accumulate cash and re-invest them. Occasionally, I will do a stock take of how much cash I have on hand versus the amount I invested (Seventy Four Percent Invested, Twenty Six Percent Cash). I...

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5 Tips To Get You A Promotion At Work

I decided to create a new category called Personal Development in my website. The reason I am creating this new category is because I believe that not only should we invest in financial instruments such as stocks and REITs, we should also spend time investing on ourselves. With a good personal skill set and attitude, this can also help you with your job promotion which probably can equate to a higher salary. A higher salary can also means you have more cash to deploy into stocks and REITs! Below are some of the tips that I have learnt from...

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OUE Hospitality Trust – Building On Trust

Just last week, I received the hard copy of OUE Hospitality Trust 2017 annual report in my letter box. The cover page was eye catching. It says “Building On Trust“. For my own tracking of OUE Hospitality Trust’s performance, I summarize the important points and categorize them into two categories: The Positives and The Negatives. Among the positives, I personally like OUE HTrust for having no loan due until December 2020. Personally, I think whether OUE Hospitality Trust can earn your trust will really depend if it can continue to grow its Distribution Per Unit (“DPU”) in FY18. Getting...

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Earn Krisflyer with MilesLife (No Purchase Required)

I have been using the app MilesLife on my iPhone for a few months to earn the popular KrisFlyer miles. This app allows you to earn miles for airlines by using the app to pay for spending related to dining, travel and certain purchases. The current full list of supported Frequent Flyer Programs are All Nippon Airways (ANA Mileage Club) British Airways (Executive Club) China Eastern (Eastern Miles) China Southern (Sky Pearl Club) Emirates Skywards Eva Air (Infinity MileageLands) Hainan Airlines (Fortune Wings Club) Iberia (Iberia Plus) Lufthansa Miles & More PhoenixMiles Qatar Airways (Privilege Club) Sichuan Airlines (Golden...

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