Author: The Babylonians

Reflecting on the Investing Mistakes I Have Made

Mistakes are Inevitable Every newbie has their own moments of folly and it is normal. When we first started out in whatever new ventures, be it trading, cooking or starting a new business, the results in the first few months or even years are going to be disastrous. On hindsight, you would think back about how stupid you were and wonder how things would turn out differently if only you have done it in a different way. However, I believe all these bad experiences and mistakes that happened are a prerequisite. It is part of life and it is...

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The 12 Immutable Tenets of a Business – The Warren Buffet Way

The Warren Buffet Way by Robert G. Hagstrom is probably one of the best books ever written on Warren Buffet. It talks about Warren Buffet’s view on investing in the stock market and what should investors look out for. This article is a summary of one of the chapters which describe the 12 tenets of a great business. Let’s begin. Warren Buffet constantly emphasises on the importance of focusing on the business, not the market. We should be business analysts rather than market analysts. Ignore the macro-economic factors such as whether interest rates go up or down or whether...

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How to Buy bitcoin/altcoins in Singapore?

*Disclosure: Some of the links below are affiliate links, meaning that at no additional cost to you, I will make a commission if you click through and make a purchase. Looking to get started in crypto? buying your first bitcoin? Not sure how? This article will provide a step-by-step guide to buying bitcoin or altcoins in Singapore. This is how I have been buying crypto over the past few years and my experience has been smooth-sailing thus far.  1. Signing up with Coinhako The platform that I used is Coinhako. Coinhako is a leading cryptocurrency wallet service from Singapore....

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Alts are getting REKT! Swapping OmiseGO to bitcoin

This post is going to be brief. I converted ALL 200 units of OMG into BTC a few days back. (I wish I had made this move earlier) OMG takes up the largest pie (13%) of my crypto portfolio. The average cost of OMG is around US$7.33 and it is now trading at around US$1.06. Ouch… If you have read my earlier posts, I am currently in the process of converting alts into BTC so that I can have a more balanced portfolio, within crypto. It used to be 0% BTC, 100% Alts. Then it became 6% BTC and...

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The Story of How I Got Started in Blockchain & Cryptocurrencies

This article is not so much on the prediction of where prices are going or whether it is the right time to invest in crypto. But rather, I would like to provide my personal perspective of the crypto space and how I got started investing in cryptocurrencies. Coinbase’s User Interface in 2017 Ethereum and Initial Coin Offerings (ICOs) My very first investment was on 29 March 2017, not stocks, not REITs, not ETFs, but Ethereum. I remembered how intrigued I felt when I came across the concept of a decentralised autonomous organisation (DAO) and paying gas to run transactions...

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Meituan Dianping Stock Analysis 2019

Meituan and Dianping were originally two separate giant companies that got merged in 2015 to become Meituan Dianping. Tencent has an 18.2% stake in Meituan. They made their public debut on the Hong Kong stock exchange (HKEX) only recently on Sep 2018. Due to a lack of stock reviews and discussions online, I felt Meituan Dianping is a growth stock which is relatively unknown to many investors. But anyone from China would definitely know what Meituan Dianping is, just like how we are familiar with Grab. I came across this stock only recently when I was tasked to write...

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Reasons for Divesting First REIT

After the release of Q2 2019 results, my intuition just nudged me to sell off First REIT. Don’t get me wrong, the fundamental results are okay, but it is not really a well-performing REIT. Things just remained pretty much stagnant. An 8% yield on this counter is one of the alluring factors that attracted many investors to get into this defensive healthcare REIT. However, I am seeking to reduce the risk profile of my portfolio and add in only solid high-quality assets. I have too many shitcoins in my crypto portfolio. But it is an ongoing process of rebalancing...

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Week #31: Economic Data Update

The first week of Friday just ended, which means US job data are out. Let’s have a look. Do check the previous post on the previous figures. 1. Unemployment Rate The unemployment rate remains unchanged. It is 3.7% in June and 3.7% in July. This figure is in line with the forecasted figures. We are now at all-time lows, which is an indication of a strong US economy. Or is it not? 2. Non-farm Payroll (July) The non-farm payroll figures in June was revised down from 224,000 to 193,000. Not as robust as we thought, but still strong and...

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Review of ProButterfly’s “REITs to Riches” Workshop

*Disclosure: Some of the links below are affiliate links, meaning that at no additional cost to you, I will make a commission if you click through and make a purchase. This blog post would be a little different from my other articles. The objective of this post would be to provide my opinion and personal review after attending the “REITs to Riches” workshop in January 2019. If you have read before ProButterfly’s blogs, you would be familiar that Wien, the co-founder of ProButterfly and REITScreener, organises a 2-day workshop on analysing REITs. If you have been contemplating whether to...

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Summary of First REIT 2019 AGM

First REIT only did a Rights Issue ONCE in 2010. It was a 5 for 4 rights ratio (BIG RIGHT ISSUE) to fund 2 major assets from the sponsor: Mochtar Riady Comprehensive Cancer Centre & Siloam Hospitals Lippo Cikarang (SHLC) A small private placement was done in 2012 Did perpetual security of around $60 million (not a big amount) 3 years ago From the above 3 points, we can be assured that First REIT has been rather conservative in equity financing Risk of Refinancing for the $110 million due in 2019 has been cleared. $10 million has been pared...

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10 Reasons to Consider First REIT

1. Lippo Karawaci – Rating upgrade to B3 by Moody, Outlook changed from negative to neutral 2. Revamp in leadership – John Raidy becomes CEO & Surya Tatang becomes CFO 3. Secured US$1.01 billion from rights issue and asset divestment $730 million rights issue from the Riady family(expected to complete during first half of 2019) $280 million from divesting Lippo Mall Puri to Lippo Malls Indonesia Retail Trust(expected to complete during second half of 2019) 4. The proceeds of $1.01 billion are intended to be allocated as follows: $275 million for debt reduction $315 million for payment of rental...

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