Author: The Bedokian Portfolio

Financial Ratios: Much More Than Meets The Eye

Looking at financial ratios is part and parcel of the fundamental analysis process, where it is carried out to determine if a company’s share, REIT or corporate bond is worth to invest. For today’s post we shall look at the mathematical aspect of ratios and how we could gain more insights into these numbers. Ratio Basics While most financial ratios are given as numbers, it is the actual end result of a fraction. A ratio is just that, a fraction, and it is made up of a numerator and a denominator. A Price-to-Book (P/B) ratio of 0.8 could mean...

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The Value Trap

We all love cheap things, and in the investment circles a lot of people also love “cheap” companies based on their valuations, for they are not really priced at their actual value, thus there is money to be made in the price-value difference. Whether you are a value investor, a growth investor, a dividend investor or a combination of either two or all three, the potential is there. However, there is also this term that floats around the investing community, and that is “value trap”. This phrase is usually used, seen and/or heard when sourcing for “cheap” companies. What...

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T2023 S$ Temasek Bond

By now, quite a number of financial bloggers had covered the upcoming T2023 S$ Temasek Bond (the Bond), so I will just give my opinion from a Bedokian Portfolio investor’s point of view. Bond Overview Let us have a look at the details of the Bond: Figure 1 – Overview of the T2023 S$ Temasek Bond1 As highlighted in my ebook The Bedokian Portfolio2, a bond is consisted of three basic components; the bond principal, the coupon rate and the bond maturity date. From the information in Fig. 1, the bond principal is at least Singapore Dollar (S$) 1,000.00 (for...

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T2023 S$ Temasek Bond

By now, quite a number of financial bloggers had covered the upcoming T2023 S$ Temasek Bond (the Bond), so I will just give my opinion from a Bedokian Portfolio investor’s point of view. Bond Overview Let us have a look at the details of the Bond: Figure 1 – Overview of the T2023 S$ Temasek Bond1 As highlighted in my ebook The Bedokian Portfolio2, a bond is consisted of three basic components; the bond principal, the coupon rate and the bond maturity date. From the information in Fig. 1, the bond principal is at least Singapore Dollar (S$) 1,000.00 (for...

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The Red Scare

The whole world went red during the period of 10-11 October, sending investors and traders alike panicking. Fear and anxiety gripped the financial markets as almost all major indices took a nosedive during those two days. While I shall not dwell on what really happened and will this happen again next week (short answer: I don’t know), but we can learn a few quick lessons from this tumultuous session. Lesson #1 – Do Not Panic When news buzzed around about the fall of share prices and indices sometime on the morning of 10 October, some investors around me began...

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The Red Scare

The whole world went red during the period of 10-11 October, sending investors and traders alike panicking. Fear and anxiety gripped the financial markets as almost all major indices took a nosedive during those two days. While I shall not dwell on what really happened and will this happen again next week (short answer: I don’t know), but we can learn a few quick lessons from this tumultuous session. Lesson #1 – Do Not Panic When news buzzed around about the fall of share prices and indices sometime on the morning of 10 October, some investors around me began...

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Tips Are Good For You

During my hobby trading days (or my “young and foolish” days), besides using very rudimentary technical analysis, I would scour the Internet and try to hear from my other trading friends and acquaintances for tips, so that I could make a quick buck from the stock market. Sometimes I make, sometimes I lost and sometimes I would just break even. When we received a tip while trading or investing, chances are that it will be met with positivity; who would not want a money-making opportunity, right? And with this euphoric thinking, most caution would be thrown into the wind...

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Tips Are Good For You

During my hobby trading days (or my “young and foolish” days), besides using very rudimentary technical analysis, I would scour the Internet and try to hear from my other trading friends and acquaintances for tips, so that I could make a quick buck from the stock market. Sometimes I make, sometimes I lost and sometimes I would just break even. When we received a tip while trading or investing, chances are that it will be met with positivity; who would not want a money-making opportunity, right? And with this euphoric thinking, most caution would be thrown into the wind...

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The Phillip SING Income ETF

There is a new ETF coming to town; the Phillip SING Income ETF (the ETF) and it is scheduled to be listed on the Singapore Exchange on 29 October 2018. From the product highlights sheet (see link at References below), this is what we know of the ETF: It replicates, as closely as possible, to the Morningstar Singapore Yield Focus Index (the Index). The ETF is suitable for investors who want capital growth and regular income in the form of dividends, with an indexed approach. The investment strategy used by the ETF manager would be the replication strategy (i.e....

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The Phillip SING Income ETF

There is a new ETF coming to town; the Phillip SING Income ETF (the ETF) and it is scheduled to be listed on the Singapore Exchange on 29 October 2018. From the product highlights sheet (see link at References below), this is what we know of the ETF: It replicates, as closely as possible, to the Morningstar Singapore Yield Focus Index (the Index). The ETF is suitable for investors who want capital growth and regular income in the form of dividends, with an indexed approach. The investment strategy used by the ETF manager would be the replication strategy (i.e....

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Considerations of ETF Selection

ETFs are great tools to start off passive index investing, whether you want to follow the Bedokian Portfolio or other investment strategies and approaches. Before you jump right in, here are some considerations that you should take note of. Consideration #1 – The Index The index determines the make-up of the underlying securities of the ETF. Take the Straits Times Index (STI) for instance, both the STI ETF and the Nikko AM STI ETF track it, but there could be some slight differences between them, such as their proportions of the STI components and how closely the ETF tracks...

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Considerations of ETF Selection

ETFs are great tools to start off passive index investing, whether you want to follow the Bedokian Portfolio or other investment strategies and approaches. Before you jump right in, here are some considerations that you should take note of. Consideration #1 – The Index The index determines the make-up of the underlying securities of the ETF. Take the Straits Times Index (STI) for instance, both the STI ETF and the Nikko AM STI ETF track it, but there could be some slight differences between them, such as their proportions of the STI components and how closely the ETF tracks...

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The SGX ETF Universe

There are almost 60 Exchange Traded Funds (ETFs) listed on the local Singapore Exchange (SGX). You can find them on the SGX webpage, under “ETFs”. To make things easier, I have a screenshot of the webpage in Figure 1. Fig. 1 – SGX Listed ETFs (as at 7 Sep 2018, 5:06PM) From here, you can learn a few things on ETFs. #1 – ETF Providers The listed ETFs are typically prefixed with the name/abbreviation of the ETF providers, such as the IS Asia HYG, with IS being iShares; and SPDR being ETFs from State Street Global Advisors, etc. If...

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The SGX ETF Universe

There are almost 60 Exchange Traded Funds (ETFs) listed on the local Singapore Exchange (SGX). You can find them on the SGX webpage, under “ETFs”. To make things easier, I have a screenshot of the webpage in Figure 1.   Fig. 1 – SGX Listed ETFs (as at 7 Sep 2018, 5:06PM) From here, you can learn a few things on ETFs. #1 – ETF Providers The listed ETFs are typically prefixed with the name/abbreviation of the ETF providers, such as the IS Asia HYG, with IS being iShares; and SPDR being ETFs from State Street Global Advisors, etc....

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Introducing The Portfolio Multiverse

The Portfolio Multiverse is a concept in which an individual would plan, manage and organise his/her investment and trading portfolios based on each portfolio’s objective(s) and characteristics, and the individual’s risk appetite, risk tolerance, knowledge and allowable time for the portfolios, asset classes and/or financial instruments used in it (that is a mouthful, I must admit). This concept stemmed from my mental accounting bias and personally I felt it is easy to view one’s overall investment/trading picture. Is it difficult to start off this Portfolio Multiverse? Not really. In fact, if you are a salaried person and have started...

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