Author: Five Cents Ten Cents

Happy Labour Day 2015!

It appears that my posts are coming now at quarterly or less frequent intervals. That is partly due to my waning interest in blogging on a regular basis as there are other outlets for me in my career to engage in writing articles related to work activities. For instance, I publish an in-house newsletter in my organisation sharing about my team’s activities. At the same time, one’s interests and hobbies evolve with each phase of life. I am now coming more into parenthood starting to deal with expectations and pressures of “keeping up with the Lims, Muthus and Alis” in the...

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Happy New Year 2015

It has been half a year since my previous post and 2014 was a decent year with regards to my investment returns. Despite being about 61% invested in 39% in cash and cash equivalents, I managed to generate a return of around 3.12% for the year. This is not huge but still beats returns on time deposits. The interesting thing I note is that the bulk of my returns came from dividends, followed by interest from fixed income securities (Singapore Government Bonds and Corporate Bonds) and finally capital gains from the occasional punt. In short, I spent less time on managing...

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July 2014

We are past half of 2014 and it has been a while since I last updated this blog. As I grow less hair, my body is now more susceptible to wear and tear. Last month, when I was on a business trip, I pulled by posterior cruciate ligament i.e. the ligament behind my knee while lifting up a heavy luggage bag at an awkward angle. That took me some time to recover before I strained the ligament again during a ball game. Really once one is past 40, one has to be more conscientious about healthy living and exercise because the recovery...

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May 2014

It’s been quite some time since my blog post and we are coming to the middle of the year! Looking back, my net worth has moved northwards mainly due to savings from earned income. In terms of investments, am still not fully invested in the markets and am still around 60% in equities and fixed income (Singapore Government Securities and Corporate Bonds) with 40% in cash and cash equivalents. Work-wise, things are getting interesting because of leadership transition with a new CEO coming into the organisation. The strategic direction, tone at the top and culture of the new CEO...

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1st Quarter 2014

It is already the first quarter of calendar year 2014 or last quarter of the financial year 2013-2014 (assuming it is a 31 March 2014 year-end). My last blog post was somewhere around Christmas 2014 / New Year 2014 period. Life is moving quickly these days as my daughter celebrated her 6 years recently. Less than 1 year and she will be in the school system. It amazes me how fast she grows. The last 2 years have been spectacularly fast as I look back at her old baby photographs and pictures taken. Investment-wise, I have re-allocated my portfolio...

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Merry Christmas 2013 and a Happy New Year 2014

Santa Claus Hat With Red Christmas Gift Box Stock Photo By cescassawin I would like to wish one and all a Merry Christmas 2013 and a Happy New Year 2014! I have stopped regular updates to this blog partly because I feel less of the need to share about my journey towards financial freedom. In terms of passive income, over these last few years, I have learnt more about what it is and how to go about achieving it. However, from my own analysis of our worksheet tracking my earned and passive income and matching it against my expenses,...

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September 2013 Update

It’s been almost a month since my previous update. It’s currently the September school holidays and I’ve taken leave to spend some time with the family. My portfolio is mixed as my equity is all right although my Singapore Government Securities took quite a beating. I bought near par and if I sell now I will suffer paper losses of about 10-12%. The good thing is I invested in the bonds for safety and also for long-term cash flows and intend to continue holding them until maturity. I am still walking on this path towards financial freedom but just...

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Lost in Time

I just realised that my previous blog post was in May 2013! I guess my passion for writing about financial freedom has waned considerably even though I am still active on this journey towards financial freedom. Writing this blog has been helpful and in fact I discovered that writing out one’s thoughts and feelings about a subject one is passionate about is a good way to clarify one’s thoughts and declutter the mind. To this aim, I have started getting into fountain pens and writing in a paper notebook my personal thoughts, feelings and emotions. It is an effective...

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Liquid Assets as at 17 May 2013

I have increased my bond holdings in 30 year Singapore Government Securities recently. Still have about 1/3 of my investible assets in cash and cash equivalents. Equities prices have run up quite a fair bit and we are seeing the equity market at five year high levels. Friends who are fundamental investors think a lot of the blue chips are over-valued at current prices. There’s still a lot of liquidity floating around and with the Central Bankers globally easing in one form or another, it looks like this equities rally or run-up or whatever you call is is still...

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Liquid Net Assets as at 8 April 2013

  My cash holding went up a little due to bonuses from earned income. As a result, my liquid assets portfolio now comprises fixed income: 15%, equities: 37% and cash and cash equivalents: 48%. The equities market continues to be firm despite signs that economic growth for 2013 will be lower as compared to 2012. However, Japan’s quantitative easing coupled with the US Fed’s continued easing means there is still much liquidity sloshing around in world markets. I bought a bit more fixed income 30 year Singapore Government Securities to provide some balance to my portfolio.  Currently am overweight...

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Liquid Net Assets as 11 March 2013

Liquid_Net_Assets_11_March_2013 It’s been a while since I’ve updated FiveCentsTenCents with new content. Just a routine update on my net liquid assets position. As you can see, it’s still pretty much at Equities: 46%, Fixed Income: 14% and cash/cash equivalents: 40%. The great equity sale has not materialised and despite risks to the US and China  economic recovery, equity markets especially have risen to new highs since the 2008 global financial crisis. Some of my core holdings in SPH have become more valuable given the intention of SPH in setting up a REIT to house its retail mall properties as...

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The Future of Five Cents Ten Cents

This blog has served me well since it started. Besides bringing in a small bit of blogging income, it allowed me to document my journey towards financial freedom. In the process, I learnt more about myself in terms of my thoughts, feelings and actions that bring me closer towards (or further from) my goal of achieving financial freedom. In the many articles I have written about financial freedom, I’ve come to realise that the only thing predictable is the unpredictability and fragility of life. I now come to enjoy the occasional can of beer, bottle of soju or sake...

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Lookback at 2012

The year 2012 is ending soon and 2013 awaits us. Investing-wise this has been a good year in that I managed to achieve about 4.4% realised returns on my investible portfolio, it also represented the highest amount of total realised capital gains, dividends received and interest since I started tracking my investment performance in 2003. In terms of personal growth, my daughter is getting older and is now 4+ going on to 5 years in 2013. Time flies and she is quite a handful physically and mentally as she has learnt the art of talking back and trying to...

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Year-End Reflections for Financial Freedom

[Flickr photo by Via Tsuji] When I see Christmas decorations being put up in the shopping malls and offices around Singapore, I get reflective as the calendar year draws yet to another close. My close friends whom I have known for 15+ years are now fathers like myself with families and dependents and our ideas related to financial freedom have also evolved as we mature and grow older. It is useful to take time to pause and reflect. For me, having to clear some of my annual leave will allow me some time to pause and smell the coffee...

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Interim Investment Update – October 2012

Flickr Image By |vvaldzen| After SPH had announced that its Board was proposing a final dividend $0.17 per share (comprising normal dividend of $0.09 per share and a special dividend of $0.08 per share), this brings the total dividends payable to be $0.24 per share for year ending 31 August 2012. Once shareholders approve the dividend payment, my portfolio would have achieved a return of 4.64% for calendar year 2012 to date based on today’s portfolio value. Portfolio Barely Keeping Up with Inflation This performance just barely keeps up with inflation hovering around 4-5% and was achieved with much less...

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