Author: Risk N Returns

ESR’s Growth Ambitions

Quarz Capital’s call to merge ESR-REIT and Sabana REIT shines a spotlight of ESR Cayman’s growth ambitions in Singapore. I speculate on its implications in today’s article. The post ESR’s Growth Ambitions appeared first on Risk N...

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Portfolio @ October 2019

Performance Indicators / Dividends YTD Time weighted return: 18.57% XIRR since portfolio inception in 2013: 14.55% Dividends collected: SGD 5,707.40 Cum-Dividend: Starhill Global REIT: SGD 56.50 Yuexiu Transportation Infrastructure: HKD 1,080 Visa Inc: USD 8.40 A new high October went by in another blur. This month was signified by restructuring my portfolio and facing 2 sucker punches – the Eagle Hospitality Trust (EHT) controversy and the AIMS APAC REIT placement. Overall portfolio value increased to $170,306 mainly due to $4k of capital injections into the portfolio from savings and offset by $2k of capital losses, setting a new high...

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RnR Weekly 261019: Eagle Hospitality Trust Selloff, CMT & CRCT Earnings

My blog is called Risk N Returns for a reason. With no risk, there is no return. The key is to know the upside and how you manage your downside. I’ve presented the upside, how you manage the downside is by using position sizing and limiting the amount you invest to money you can afford to lose. I’ve always loved a good speculation, but I’ve never went all in on a single risky counter.  To illustrate, although I lost 15.5% on EHT yesterday, my portfolio only declined 0.50% overall. That’s the importance of diversification and position sizing. If you...

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RnR Weekly 201019: Life Updates, KORE Earnings, AA REIT placement and More

Some of you may be wondering where I’ve been over the past 2 months as I’ve been rather irregular with my blog updates. In fact, I wonder if this post should still be named a “weekly” post 🤣   Anyway, long story short, working and studying is tough man. Taking 3 modules in 1 semester while working is kinda crazy. I find myself living week by week, completing work deadlines while being mindful of upcoming assignment and test dates.  In fact, I just completed all my midterms over the past 2 weeks. No rest for the weary though, as I...

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Portfolio @ September 2019

Performance Indicators / Dividends YTD Time weighted return: 19.03% XIRR since portfolio inception in 2013: 15.08% Dividends collected: SGD 5,352.11 Cum-Dividend: Yuexiu Transportation Infrastructure: HKD 1,080 The month that disappeared September kinda flew by for me. Between work, study and travel, I spent little time observing the markets. Good thing too as my portfolio didn’t move much. My stock value declined about $800 overall led mainly by declines in Avenue Therapeutis, Visa and Singtel, and offset by gains in Yuexiu Transport Infrastructure. Overall portfolio value increased to $168,337 mainly due to $10k of capital injections into the portfolio from...

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RnR Weekly 080919: Identity Crisis at SingTel, Keppel Pacific Oak US REIT and More

It is evident from the discourse during the AGM that SingTel has a very traditional investor base. They want steady increasing profits and corresponding dividends. Most investors were very uncomfortable with the continued losses at the Group Digital LIfe segment and do not understand how the loss making segment could eventually turn a profit, let alone be “severely undervalued” as indicated by management. That said, there was a single brave soul who stood up during the AGM to convey a desire for management to cut its dividend so that the company can have more money to invest in these...

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Portfolio @ August 2019

Performance Indicators / Dividends YTD Time weighted return: 19.49% XIRR since portfolio inception in 2013: 15.53% Dividends collected: SGD 5,110.92 Cum-Dividend: Hang Lung Properties: HKD 340 Yuexiu Transportation Infrastructure: HKD 1,080 Currency Cushion August was a bloody month as Trump manipulation trade war escalation reared its ugly head again. Combine that with the HK Protests and other geopoilitical / economic uncertainties, you get a decent correction. That said, markets had decent recoveries towards the end of the month. We live in economically uncertain times and increasingly, I see business sentiment globally sour. People and companies are increasingly mentally prepared...

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RnR Weekly 250819: HK Protests and US S-REIT results

To me, the more probable outcome is Outcome 2. If HK is able to stave off its current and future turmoil, I feel China will eventually reduce its reliance on it.  Let’s face it, Hong Kong is part of China, even if the protesters feel otherwise. As such, we need to factor in Beijing’s thoughts as well. Hong Kong has served as a useful gateway to raise foreign capital when Beijing wished to retain control over their companies. This exclusivity has benefited Hong Kong greatly as the only game in town with access to Chinese markets. However, with China’s...

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My views on REITs (Guest Appearance)

I was recently contacted by Kevin Shee, an entrepreneur and investor from Hong Kong via Facebook. Apparently, he found me through my Prime US REIT article on DrWealth. We chatted a few times about S-REITs and he thought it would be great if I were to share my views on his podcast, the Kevin Shee Show. The Kevin Shee Show is a relatively new podcast about entrepreneurship, investing, technology and other topics. I sat down with him on National Day over Skype to talk about a variety of REIT related topics on his podcast. Here it is for your...

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Rekindling my Love of Learning

If you didn’t know, I’m a bit of a nerd. Yup a real shocker. During my undergraduate days, especially in my final years, I would get excited about going to class and doing my tutorials. So you can imagine my excitement now that I’m embarking on my Masters next week! To think 10 years has passed since my freshmen orientation camp… god I feel so old. Yesterday was orientation day so here’s a quick recap, some excited rambling and discussions on the implications on this blog. Orientation Registration The Postgraduate Orientation programme was crammed into a single day with...

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My Favourite Finance related Shows

I always struggle when trying to educate friends and family with little to no personal finance and investing knowledge. As a result, I’m always interested in ways to introduce personal finance and investing knowledge to this group of people. One way I thought of is to introduce them to great shows / videos already out there in popular culture or on the Internet. In today’s article, I compile a list of my favourite finance themed shows / videos that newbies can enjoy and the lessons they can learn from them. Movies The Big Short The Big Short is a...

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How not to control your expenses

Chief among all the anime and video games, the iDOLM@STER game was Nick’s favourite. Now, unless you are into this niche genre of anime / games (I believe most Singaporeans aren’t), you would be scratching your head right now. Even I don’t fully understand every aspect of it, but here’s my personal interpretation. When I say game, what I really mean is an ecosystem. It started as a game in 2005, it has since spun off a whole host of other media (CDs, Concerts, Anime, other merchandise, etc). Collectively, they engage fans <strike>and milk them dry of their...

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Singapore Savings Bonds (SSBs) – September 2019 Issue

At Risk N Returns, I’m passionate about promoting sensible DIY investing through sharing my thoughts or documenting my investing journey. While I love to take calculated risks, I recognise that most Singaporeans don’t. So here’s a relatively risk free way to invest your warchest or emergency funds with almost no lock-up period and generally higher yields than fixed deposits – the Singapore Savings Bond. Here’s the latest issue details: 1. Latest SSB issue details Issue Code: GX19090HAmount Available: $350 millionIssue Date: 2 Sep 2019Coupon Date: 1 Mar & 1 SepMaturity Date: 1 Sep 2029Application: 1 Aug 6 pm to...

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