Author: STE's Stocks Investing Journey

3rd Qtr 2018 : Dividend and Portfolio Update

YES !! Is time to calculate and tabulate my dividend & interest income for 3rd Qtr 2018 ( $$$ to be collected in month of Jul to Sep). I am happy to see some other bloggers have started to show how much dividend they will be collecting, it’s really encouraging to see some had seen their dividend amount increased much on Y.o.Y basis and I’m not sure if this is also kind of “Nudge “ link  as what Uncle CW8888 mentioned that this (by showing our dividend amount from fellow bloggers) could act as “nudge” for others / readers to...

Read More

The Difference Between a Stock’s Value and Price

Value is a better measure for investors while price matters more to traders We, the so called “value investors” often find ourselves trying to resolve the differences between a stock’s value and its price. If you have spent any time investing in the stock market, you will know that value and price are two different measures arrived at by different means but most of the time we might confuse and mixing up “price as value”. While fundamental factors influence stock prices over the long term, supply and demand rule stock prices in the short term. More buyers than sellers can mean the stock’s price...

Read More

Spending $XxK on Investment Courses: What Makes a Great Investor? Nature vs. Nurture

This news headline in The Business Time  dated 31stJul 2018 really caught my attention as I wonder if value investing is a result of “nature or nurture “. Can someone paying few thousand dollars to attend the so-called “ Value Investing Courses “ be able to practice what they teach and beat the market by getting Alpha or be beaten by Beta eventually. ( Link : Alpha , Beta , Smart Beta ) This is an interesting topics and debatable whether one can really learn to be a great investors like other’s skills ( e.g sports / driving /...

Read More

Mr. Market : 市场如天空,变幻无穷。。。。莫测

I really enjoy the beauty of sky every morning or evening  whenever I look up the sky from my living room….. these photos were taken from my house in the morning or evening. Like skies , Mr. Market’s mood swings  days and nights or minutes by minutes …. “Ben Graham, my friend and teacher, long ago described the mental attitude toward market fluctuations that I believe to be most conducive to investment success. He said that you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail,...

Read More

HYFLUX : 成也 新加坡, 败也 新加坡

In last’s week’s Town-Hall meeting, in a distressed and disappointed mood, Hyflux“s CEO said that “ it was ironic that she built Hyflux and made it a success business story started from Singapore and yet fail because of Singapore’s project ( Tuaspring Integrated Water & Power Project  -Link). The Town-hall meeting was attended by almost 600-700 retail investors ( mostly retirees), with one reported to have invested more than $250,000 in 4.25% Perps Bond and also 200 plus MTN holders in early session. “I’m retired so this was going to be a key part of my income but now,...

Read More

Have You Been Nudged Today ?

<In probably the most well-known example, spillage around the toilet, an age old problem for at least half of the human race, was cut by -80% using an ingeniously simple  intervention.> The 2017 Nobel Prize in Economics was awarded to Professor Richard Thaler for his contributions to behavioural economics. Prof Thaler’s work essentially questions the economic dogma of the so-called “rational man” as defined by classical economic theory, who makes decisions based on weighing the additional benefits against the additional costs of every single option. Behavioural Economics is an area of work that studies how psychology broadens the scope...

Read More

Animal Spirit : We are all subject to irrationality

John Maynard Keynes in 1933 Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic.  Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied...

Read More

Patience Is Your Biggest Investment Asset

One of my reader ask me what am I doing since market has gone down by more than -10% from early May, am I buying or selling ? My answer is “No” , I don’t do any major adjustment on my portfolio , except nimble a little bit here and there with the dividend I received. Basically, my war-chest remained same in term of percentage in my portfolio. For me, I don’t think it is compelling for me to do major adjustment on my portfolio at this point of time , although the STI Index has corrected by more...

Read More

What happen to Genco while SP Power is making close to 1 Billion per year ?

Disclaimer : I am a Hyflux N2H ( 6% CPS ) holder , my view may carry some biases towards company I have vested. As I said in my previous blog post , we shouldn’t blame anyone for lost incurred in our investment except ourselves. This is what caught my attention and I think this will further contribute to better bottom line of SP power ….. Yes , SP Power is making close to $900 mil per year  ( Base Annual Report from SP Power – here ) and all the Genco are bleeding and in red of more than...

Read More

What to buy ?

“Photo taken inside Langjokull Ice Cave” Market looks more volatile in June and STI was down by almost -5% since beginning of June , there may be some truth about ” Sell in may and go away “…some might have started to deploy their war-chest to buy stocks listed in their “watch list ” which have hit their so call “target price”. Ops ! I am not going to talk about buying stocks in current market condition here today, which I also think that there might be some “value ” started to appear but definitely not in “crisis mode”...

Read More

OBike oh OBike : Where is the refund of my deposit ?

Saw this blog post from my friend ( SG BugetBabe ) this morning : Has Obike taken your $49 deposit without informing you? It remind me that I have actually requested the refund of my deposit from OBike few months back since I have switched to the other bike sharing apps which does not require any deposit. I guess most of us will assume that the refund will be credited back to our CC in days or weeks times. Since it was just $49 and would opine that most people will just take things for granted that money shall...

Read More

2nd Qtr 2018 ; Dividend and Portfolio Update

<image credit: pinterest.cm> Market has been in a much more volatile situation in 2018 as compare to 2017 and the latest political & economic issues face by Italy is making the market looks more risky. Italy has been a problematic state among EU countries for many years. It ranks among the countries with the largest debt—around 2.3 trillion euros—and has been facing a double-digit unemployment rate since 2012. Growing tension in Korean Peninsula and potential trade war between US – China and US – Europe , no doubt has contributed to recent market volatility. I am sure market will continue to...

Read More

Too Greedy about Yield : Hyflux 6% CPS

Yes, this has been one of the hottest topic recently “ Hyflux applies for court supervision to re-organize liabilities, businesses “ ( here ). Thousands of investors will be affected by this sudden collapsed of Hyflux , yes , including Me. Nobody know how things will turn out eventually under this so called “ debt’s restructuring “ but I think for sure it is not good for ordinary or preference shareholders who’s typically rank lower in term of debt’s seniority as compared to secured bank loans. Hundreds of millions of bond and perps securities holders will also be affected....

Read More

Renounceable vs Non-renounceable Rights Issue

Recently, it seems that more and more companies are choosing to issue “Non-renounceable Rights” in equity raising activities instead of “Renounceable Rights “. My friend “ B “from “ A Path to Forever Financial Freedom (3Fs) had just written a good blog post in explaining how to take advantage and possibility of making some “profit or lowering your entry price “ by capitalizing the rights issue offer by company from time to time. ( here ) , and his detail analysis on FLT’s asset acquisitions into Germany and Dutch industrial properties  ( here ) First and foremost , allow...

Read More

Fear of Rising Interest Rates

Interest rates increase was really a hot topic in last two weeks since US 10 Years Treasury Note hits above 3% for first time since 2014. Market also react negatively with full of comments on interest risk due to this increase. “Auto loans, home mortgages, and other loans are tied to the benchmark 10-year yield. Investors fear that higher interest rates could start to eat into corporate profits and also signal that more inflation is coming.” This is why everyone is paying so much attention on the 10 years Treasury Note. Some even talking about “ Inverted Yield Curve...

Read More

Like us on Facebook

Follow us on Twitter