Author: STE's Stocks Investing Journey

Dividend Update : 4th Qtr 2016

Finally , all the financial result for my holding been announced and I’m expecting to collect this dividend amount in 4th Qtr 2016 . Total dividend to be collected in 4th Qtr will be $ 39,345.39 ***TTL Dividend excluded Return of Capital from Sim Lian ( due to privatization ) and Religare Health Trust ( on partial asset disposal ). Another good stock in my portfolio is going to be privatized soon ( ARA Asset Management ), I hope to pen down my thoughts about the issue on “privatization of listed company“ in coming blogs post. < Top 10...

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Value in the eye of beholder : Is DBS really worth $16.06 ?

《每个人心中都有一把尺》 We often look at things by setting our own standards and base on our own yardsticks and same apply to company’s valuation. Everyone may have their biases when come to valuation and value is more than just a number. All Valuation are Biased !! According to Aswath Damodaran ( a Professor of Finance at NYU’s Stern School of Business ) in his book “ The Little Book of Valuation “ try to warn us that “all valuation are subjected to biased “. “ You almost never start valuing a company or stock with a blank slate. All too often , you view on a company or...

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I read therefore I write

These two pieces of news from The Business Time (Weekend) on 5 Nov made me think and write this blog post eventually. P2P Investors in a fix as car firm director “disappears “ “ Crowdfunding investors are likely on the hook for roughly $600,000 in loads to parallel importer named TLC Cars that failed to deliver on sold vehicles – and whose director is now uncontactable . “ write the paper. P2P (peer-to-peer ) investment platform and Crowdfunding seems getting popular in Singapore with many platform being established recently , like “ Capital Match , MoolahSense , Funding Societies, New Union ,...

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Demographics Trends and Investing – A case of the “ Land of Rising Sun “

A report compiled with the Japanese government’s co-operation few years ago warned that by 2060 the number of Japanese will have fallen from 127 m to about 87 m, of whom almost 40% will be 65 or older. The 2012 government report said that without policy change, by 2110 the number of Japanese could fall to 42.9 m, i.e just a third of its current population. Japan’s population had shrunk by almost 1 million people in five years. The country lost 947,345 people – more than the population of San Francisco – between 2010 and 2015. The decline of 0.7% to 127.1...

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Predicting the US 2016 Presidential Election : Will Nate Silver Make it Again ?

Who is Nate Silver ? Nathaniel Read “Nate” Silver (born January 13, 1978) is an American statistician and writer who analyzes baseball and elections. He is currently the editor-in-chief of ESPN’s FiveThirtyEight and a Special Correspondent for ABC News. Silver first gained public recognition for developing PECOTA, a system for forecasting the performance and career development of Major League Baseball players, which he sold to and then managed for Baseball Prospectus from 2003 to 2009. After Silver successfully called the outcomes in 49 of the 50 states in the 2008 U.S. Presidential election, he was named one of The World’s 100 Most Influential People by Time in 2009. In 2010, the FiveThirtyEight blog was licensed for publication by The New York Times. In 2012 and 2013, FiveThirtyEight won Webby Awards as the...

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Can we really depend on “Dividend Income “ for Retirement ?

“Dividend income” investing has been deep-seated in most of investor’s mind, as ways to achieve Financial Independence and living off dividends in retirement is a dream shared by many. In today’s environment marked by rising life expectancies , extremely low bond yields, and a 7-year bull market, retirees face challenges on all fronts to build a consistent income stream that will last a lifetime. But the questions is “ Can we really depend on just dividend income for our retirement or is it sustainable ?”. All incomes are subject to risk and same apply to dividend pay-out which is not...

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Why do people still lose money in the stock market despite doing a lot of reading , attending courses , analyzing ?

Market always move in Cycle “Image credit: Pinterest.com” There are numerous versions of views and ideas developed by various market pundits and investors on market cycles, including Robert Precher’s Elliot Wave Theory, Harry Dent’s long wave theories and Ray Dalio’s debt cycle theories. The cycles could be as long as “ Kondratiev waves” ( 45-60 years ) or  shorter as “ Kitchin cycle “ ( 3-5 years ). These cycles are closely tied with large-scale economic business cycles and have an important impact on investment, financial, cash flow and personal retirement planning. Concept Explained : Business / Economic Cycles by Wikipedia & Investopedia...

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Animal Spirits and Stock Investing

John M Keynes may be famous for his metaphors of using “ Beauty Contest “ to explain and describe the investors’ perception which caused the price fluctuation in stock market  and “ Musical Chair “ of how investors speculate in the market. You may find these two interesting metaphors here ( Keynes on Beauty Contest ) and here ( Keynes on Musical Chair ) if you have never heard about it. You may also like to read my blog on “ Investing and Storytelling “  ( LINK ) for more detail : There is another important phrase coined by Keynes which might explain the reasons for above two phenomena ,...

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HDB , Condominium or CPF ( for Retirement ) ?

It has been continuously being a hot topics about whether one should transfer their CPF money from OA ( Ordinary account ) to SA ( Special Account ) to earn a higher return of interest rate . Different people ( bloggers ) are having different view about this issue and each might have their own valid reasons or argument to put forward. AK ( a famous financial blogger )  being advocate of transferring money from OA to SA and managed to do this for himself which allow him to happily and enjoy collecting significant amount of interest from CPF Board by end...

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“Scissors , Paper , Stone “ : Can Game Make you a Better Investor ?

Game theory has been studied since the 1940s, it has only recently been applied to the world of finance. Game theory champions garnered the 1994 Nobel Prize in Economics, and today this theory is used to analyze everything from the baseball strike to spectrum and casino licenses’ auctions. Increasingly, game theory is also making its ways to behavioral finance for better understanding and decision making in financial world. According to Financial Post , “ Game Theory is a powerful tool for predicting outcomes of a group of interacting firms where an action of a single firm directly affects the payoff of other...

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Will SPH Succumb to “Creative Destruction” ?

SPH might be the best case to study the “ corporate reinventing “ in local context as it try to evolve from traditional printed media to a more creative digital world . Corporate Reinventing has happened at such long-term leaders as IBM, Xerox, and Samsung. Over the past century IBM has gone from manufacturing adding machines to inventing the PC to earning the majority of its revenue from services. When Xerox began, it was so closely identified with photocopiers that its name became not only the eponym for its product category but a common verb. Then the company went on to invent...

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Are Stock Returns Normally Distributed?

According to “ Fama & French Forum : “ Distributions of daily and monthly stock returns are rather symmetric about their means, but the tails are fatter (i.e., there are more outliers) than would be expected with normal distributions. (This topic takes up half of Eugene F. Fama’s 1964 PhD thesis. Eugene Fama is 2013 Nobel laureate in economic sciences) In the old literature on this issue, the popular alternatives to the normal distributions were non-normal symmetric stable distributions (which are fat-tailed relative to the normal) and t-distributions with low degrees of freedom (which are also fat-tailed). The message...

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Keeping Track of Your Dividend

How did you track your dividend income ? I guess we all have ways to keep track on our stocks transaction in order to calculate our return , be it in form of CAGR or XIRR . But how about dividend income ? as income investor , do you have ways to keep track on your dividend received ? Concept explained : What is CAGR & IRR by Investopedia What are the main differences between compound annual growth rate (CAGR) and internal rate of return (IRR)? The compound annual growth rate, or CAGR for short, measures the return on an investment over a certain period...

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Regression Line for Major Stock Market Indexes

Mean Reversion : Received inquiry from friends / readers about “plotting regression line ” for major stock markets other than STI . Would like to reiterate here that the ” regression line ” is just a “statistical phenomena ” same as other indicators in Technical Analysis where we are just using past price trend or movement to manipulate or so call ” forecasting ” the future price movement . Whereas “mean reverting ” is just a situation that showing market move in “cycles ” and tend to revert to mean if there is any “over-shooting ” in both directions...

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Good Financial Journalist That Could Shape Your View in Investing

My Investing Mentor : We often seek for “ Guru “ or mentors in our journey of investing and this person represents a role model, someone you look up to and wanted to emulate for all the right reasons. Some may pick international renowned and successful investment gurus like Warren Buffet , Peter Lynch , George Soros , Seth Klarman , Walter Schloss etc. You may notice from my brief explanation in “ About me” that my interest in investing came from reading articles from one of the financial business journalist of Malaysia newspaper in early days. He is...

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