Structured Deposit vs Fixed Deposit


While searching for Chinese New Year fixed deposit promotions, I came across the above promotion advertised. The bank is offering structured deposit that offers up to 12.1% returns over 6 years. It sounds very attractive to me given the high interest rate. As I am not familiar with structured deposit, I decided to do some further research on it. What is a structured deposit? A structured … [Read more...]

Chinese New Year 2017 Fixed Deposit Promotion


Banks usually offer higher promotional interest rates during Chinese New Year. Standard Chartered Bank seems to be the first mover that launch its Chinese New Year 2017 Time Fixed Deposit promotion. CIMB did not offer special interest rates for fixed deposits this year. Instead, they are giving away gift sets such as abalone and it is limited to a number of placements. I shall update the … [Read more...]

Do You Think We Will Experience Capricorn Effect in Jan 2017?

What is the Capricorn effect? Capricorn astrology is from 22nd December to 19th January. According to Wikipedia, the Capricorn effect refers to the month of January where stock prices tend to increase more than other months of the year. It is only a hypothesis. The effect was observed by Sidney B. Wachtel who was an investment banker. Rationale behind the hypothesis Individual … [Read more...]

My Sweet Retirement Annual Review of 2016


The year is ending and it is time to self reflect on the goals that I have set for myself last year. (My Sweet Retirement Annual Review of 2015) 1. Achieve 10K of Passive Income (Met) Using SGX Cafe application to track my dividends, I have received a total dividends of S$10,132.04 for the year of 2016. I am glad I achieved this goal, thanks to the hefty and unexpected special dividend payout … [Read more...]

My Sweet Retirement Top 10 Financial Posts in 2016


The year 2016 is ending and I looked back at the blog posts I have written this year. I am glad some of my personal analysis made it to the top ten posts in terms of viewer traffic. If you are not aware, I purposely title my analysis as “personal analysis” because I am not an expert in stock analysis. I tried to do my own analysis of companies based on what I have learn from courses, books and … [Read more...]

Book Review: It is Only Money and It Grows on Trees!


This is an eBook I received from Cara MacMillan in return for a book review. Apologies for the long time I took to finish reading the book as I was very occupied with work these few months. The content of this book touches my inner soul deeply. The author uses students of different religion and in a role playing style, the book shares about how students of different religions have different … [Read more...]

My Sweet Retirement Wishes You a Joyful and Merry Christmas!


Dear readers, Today is my favorite holiday celebration of the year again. Most of you may be taking time off from work, doing last minute shopping and preparing for a warm loving family dinner tonight to celebrate Christmas Eve. I felt blessed to have fellow reader leaving positive comments and encouragement through the year of 2016. Here are some of my favorite financial blogs and … [Read more...]

Why I Close My Citibank Step Up Interest Account

Today, I went to Citibank branch at Church Street to close my Citibank step up interest account and withdraw the balance. First, I filled up the account closure form at the customer service counter. Apparently or coincidentally, there was a queue of people closing their step up interest account as well. Second, take a queue number. When it is your turn, the bank teller will tell you she … [Read more...]

Federal Reserve Raise Interest Rates and Three Times in 2017


Against everyone’s predictions, the Federal Reserve has decided to raise interest rates in the recent December Federal Reserve meeting. It was also mentioned that Fed may plan to raise interest rates three times in the year 2017. In my previous post (Why Fed Decides Not to Increase Interest Rate), I mentioned one of the factors Fed decided not to raise interest rates in the previous meeting was … [Read more...]

Walk to Earn Thirty Five Dollars


Have you heard of the National Steps Challenge? I think this may not be something new to you. On the streets, you can see people wearing a black, blue or red color band on their wrist. That is a step tracker issued by the Health Promotion Board. I have met the Tier 1 criteria and have redeemed my $5 dollars NTUC voucher. In order to earn all the vouchers which total up to S$35 dollars, you need … [Read more...]

Headwinds Continue for The Hour Glass 1H 2017


From the 1H FY2017 financial results below, we can see how much the current economic downturn has hurt the luxury business. On a positive note, the Group’s balance sheet remains robust with consolidated net assets of $444.2 million with cash and cash equivalents of $85.3 million. Unaudited 1H FY2017 Results For the Period ended: 3 Sep ’16 $’000 30 Sep ’15 $’000 Change … [Read more...]

Thai Beverage Breaks Down from Descending Triangle


Thai Beverage has always been in my stock watch list (Most people drink beer in good times and bad times right?). I have always wanted to own a beer company in my stock portfolio and it is about buying at the right price. Previously, I have wrote about Thai Beverage forming a descending triangle. This is a bearish pattern. On 16th November, the chart confirmed that Thai Beverage has broken down … [Read more...]

My Sweet Retirement Opens Supplementary Retirement Scheme


It is the last month of the year. This month, I finally opened my Supplementary Retirement Scheme (SRS) account with OCBC. I convinced my wife to do so as well. I have done a little homework prior to opening a Supplementary Retirement Scheme account. My main reason for opening a Supplementary Retirement Scheme account is for tax reduction. Contributions Contributions to the Supplementary … [Read more...]

POSB Offers you 1.38 percent per annum interest but only 4 months


When I alighted at the MRT station to work, I notice there is a long queue and most of them are elderly aunties and uncles. Overhearing the conversation, I realise they are queuing up for the POSB fixed deposit promotion. If you have not heard, POSB is offering 1.38% per annum bonus interest for 4 months. Below is referenced from POSB website. In summary, what you need to do Open a POSB SGD … [Read more...]

Update on Singapore Savings Bonds January 2017


January 2017 Singapore Savings Bonds gives you an effective interest rate of 2.18% over 10 years! Finally, the interest rate for Singapore Savings Bonds has slightly recovered after being on a downtrend in the year 2016. According to Monetary Authority of Singapore (“MAS”) website, the first Savings Bond of 2017 (SBJAN17) will be issued on 3 January 2017, and up to $150 million will be … [Read more...]

Summary of November 2016 Transactions


Wow, time flies. We are in the 2nd last month of the year 2016. Having sold off Sheng Siong, M1 and Cambridge Industrial Trust, I have spare cash in my war chest to deploy. Taking opportunity of the Trump Crisis where stocks and REITs are slightly beaten down, I added more of Capitaland Mall Trust into my stock portfolio. (Read more at My Personal Analysis of Capitaland Mall … [Read more...]

My Personal Analysis of Capitaland Mall Trust


With the recent US presidential election and almost certain news that Fed will increase interest rate, prices of most REITs have fallen to attractive levels. Today, I have bought more of Capitaland Mall Trust. I have noticed that there is much retail REIT component in my stock portfolio and thus made the decision to add more of Capitaland Mall Trust. The current weakness poses an opportunity for … [Read more...]

OUE Hospitality Trust Q3 2016 Results


Gross revenue from the hospitality segment increased 6.3% in 3Q 2016 as compared with 3Q2015. However, gross revenue from the retail segment (rental and other income from Mandarin Gallery Shopping Mall) was S$0.8 million lower as compared to 3Q2015. This is a decrease of 8.9%. Effective rent per square foot per month of S$24.6 for 3Q2016 was lower as compared to S$25.0 for 3Q2015. Mandarin … [Read more...]

Nera Telecommunications Pays Special Dividends


When I was reading through the third quarter financial results of Nera Telecommunications Ltd, I found out that Mr Ang Seong Kang Samuel, the Chief Executive Officer of Nera Telecommunications Ltd has tendered his resignation. The reason given his cessation on SGX announcement was retirement. Mr Ang is 61 years old. Mr Beck Tong Hong will act as Chief Executive Officer in the interim. Nera … [Read more...]

Kingsmen Creatives – Turnaround Soon? When?


Following my previous post on whether Kingsmen Creatives is able to turn around, the company has staged a slight recovery in terms of revenue increase. For 3Q2016, Kingsmen Creatives recorded a revenue of S$76.9 million in 3rd quarter 2016, an increase of S$0.9 million or 1.1% compared to S$76.0 million as compared to 3rd quarter 2015. The three divisions Exhibitions and Thematic, Retail and … [Read more...]