Author: The Boy who Procrastinates

Saving More on your Daily Commute by Public Transportation

By The Boy Who Procrastinates – April 19, 2019 I spend approximately $60 to $80 on my daily commute by public transportation on a monthly basis. Even though it does not constitute a significant portion of my expenditure, I have always thought that it will be worthwhile if we are able to earn rebate on such essential expenses. Maximum of 5 transfers within a single journey, with 45 minutes allowance for transfer between MRT station and bus service or between different bus services, and 15 minutes allowance for transfers between different MRT stations.  Completion of journey must be within...

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Increment of Salary Bonus for OCBC 360 Account from 1 April 2019

By The Boy Who Procrastinates – April 13, 2019 When the SMS notification from OCBC was shown on my mobile phone on 1 April, I would have thought that this is one of the wacky pranks among other creative April Fools’ Day gimmicks. This is especially so when OCBC has recently revised the interest rate for 360 Account on 1 Nov 2018, merely 6 months ago.  It was subsequently confirmed that this favourable news is here to stay and is now a permanent feature of the OCBC 360 account until further notice. With that, this article aims to find out the...

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Enhanced Deposit Insurance Scheme and Policy Owners Protection Scheme from 1 April

This quote came from Senator Bernie Sanders when he introduced a bill to break up America’s largest financial institutions in 2018. The rationale is that if a financial institution is too big to fail, it is too risky to allow it to exist as its failure would cause catastrophic risk to the economy.  In order to ensure the stability of the banking system in Singapore, the Singapore Deposit Insurance Corporation (SDIC) was incorporated in 2006 to administer the Deposit Insurance Scheme and Policy Owners’ Protection Scheme, as well as to manage the underlying funds. Starting from today (1 April), depositors...

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Portfolio Review for March 2019

By The Boy Who Procrastinates – March 30, 2019 With a blink of an eye, we have now come to the end of the first quarter. One of the significant events that have taken place thus far would include the Trump-Kim summit that has occurred for the second time in Feb 2019. The meeting was however cut short with no agreement reached. The US Fed has recently indicated on 20 March that the interest rate will be held steady with no rate hike this year, putting the range of fed fund rate at 2.25% to 2.5%. Even though it may have...

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Revision of Terms and Conditions for Maybank SaveUp Account

By The Boy Who Procrastinates – March 22, 2019 First launched in 2016, Maybank will be revising the terms and conditions on the Maybank SaveUp Account for the second time with effect from 1 April 2019. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms and Conditions and FAQ for more information. Summary of the Current Interest Rate mechanism for Maybank SaveUp Account  Before examining the upcoming revision to the Maybank SaveUp Account, it is probably beneficial...

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Thinking, Fast and Slow – Prospect Theory and Loss Aversion

By The Boy Who Procrastinates – March 09, 2019 Picking up where I left off, I will be focusing on one of the fundamental concepts of behaviorial economics introduced in the book.  Prospect Theory The prospect theory was developed by psychologists, Daniel Kahneman and the late Amos Tversky, as a theory of decision-making under conditions of risk and uncertainty.  It runs contrary to the normative implications inherent in the classical theory of expected utility by mathematician Daniel Bernoulli (even though he has used the St. Petersburg paradox to demonstrate the limitation of expected value as standard decision rule). Instead, the prospect theory...

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Decision Tree on the General Offer for M1

Source: Yahoo Amidst the Lunar New Year festivities, the past few weeks could potentially be momentous for many M1 shareholders. This emanates from the ongoing voluntary general offer for M1 which will be closing on 18 Feb 2019.  Having vested in M1 myself, I too am in a quandary over whether to accept the offer or not. You see, I have purchased it when i first started out learning the art of investing as a beginner. It was in 2015 when it was priced steeply above $3 per share. But I will probably save the tale of woe for...

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Unlocking the Potential of CPF

By The Boy Who Procrastinates – February 04, 2019 For the past decade, the restriction on the withdrawal of CPF funds and its reliability as a retirement solution has remained a perennial concern among Singaporeans, particularly for the senior generation. In addition, the national pension system has often drawn flaks for its annual increment in the minimum retirement sum.  Regardless of the sentiment, the CPF will continue to be a hot button issue among Singaporeans. Similarly for me, it has remained at the forefront of the conversations that I have with my friends, especially when we have reached the...

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Spreading Wings in 2019

By The Boy Who Procrastinates – January 21, 2019 The global equity markets have begun the year with great rebound, as investors are experiencing the January effect amidst optimism over trade talks between China and US and recent dovish tone from the US Federal Reserve. Similarly, the dawn of a new year signifies a fresh and new start for all of us. After an annual review which helps to slow down the pace of life and allow us to reminisce and appreciate the little and big moments that form part of our lives in 2018, it is now time to embark...

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2018 Year in Review

By The Boy Who Procrastinates – January 12, 2019 With a blink of an eye, 2018 has drew to a close. Time seems to be passing so quickly as we get older. As another year winds down and we forge ahead into 2019, it is the perfect opportunity to pause for a moment and reflect on everything we have experienced and achieved during the past 12 months. One day you will look back and see that all along you have been blooming. – Morgan Harper Nichols The tumultuous 2018 marks one of the most volatile years for the global...

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Portfolio Review for Dec 2018

By The Boy Who Procrastinates – December 31, 2018 On 19 Dec, the US Federal Reserve has again raised the target range of its benchmark interest rate by another 25 basis points with 2.5% at the high end. The move also marked the fourth rate increase of the year by the US central bank. The projection on the number of rate hike in 2019 has also been trimmed to two, signalling a more cautious outlook for the following year.  Politically, the recent partial shutdown of the US federal government has also contributed to the uncertainty mood due to a dispute over...

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Revision of Terms and Conditions for Citi MaxiGain Account

By The Boy Who Procrastinates – December 08, 2018 Citibank has officially announced that there will be revision made to the Citi MaxiGain Account from 2 Jan 2019, finally putting the rumour on upcoming changes to rest. Launched in Feb 2016, this will be the first time that Citibank will be revising the terms for this passive savings account.  This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms & Conditions and FAQ for more information.  Summary...

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Revision of Terms and Conditions for Citi MaxiGain Account

Citibank has officially announced that there will be revision made to the Citi MaxiGain Account from 2 Jan 2019, finally putting the rumour on upcoming changes to rest. Launched in Feb 2016, this will be the first time that Citibank will be revising the terms for this passive savings account. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms & Conditions and FAQ for more information.  Summary of the Current Interest Rate Mechanism for Citi MaxiGain AccountBefore...

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Analysis of Far East Hospitality Trust

By The Boy Who Procrastinates – November 17, 2018 October was a rough ride for global stock markets as they were slammed by a wave of fears about trade wars and higher interest rate. Amidst the chaos, there is always buying opportunities in a sell-off.  I have initiated a small position in Far East Hospitality Trust at $0.595 in Oct. At this entry price, it is trading at 31.27% discount to its NAV/unit of $0.8657. Based on the 2017 DPU of 3.90 cents, this translates to a distribution yield of 6.55%.   Profile of Far East Hospitality Trust Listed on...

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Analysis of Far East Hospitality Trust

October was a rough ride for global stock markets as they were slammed by a wave of fears about trade wars and higher interest rate. Amidst the chaos, there is always buying opportunities in a sell-off.  I have initiated a small position in Far East Hospitality Trust at $0.595 in Oct. At this entry price, it is trading at 31.27% discount to its NAV/unit of $0.8657. Based on the 2017 DPU of 3.90 cents, this translates to a distribution yield of 6.55%.   Profile of Far East Hospitality TrustListed on SGX since Aug 2012, Far East Hospitality Trust (“FEHT”) is...

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