Author: The Boy who Procrastinates

Revision of Interest Rates for OCBC 360 Account

By The Boy Who Procrastinates – October 12, 2018 With the enhanced version first launched in April 2014, OCBC will be revising the interest rates on OCBC 360 Account for the third time with effect from 1 November 2018. 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 OCBC website for more information.  Overview of the past revision for OCBC 360 Account Many would probably have remembered the initial version of OCBC 360 Account that allows one to earn the classic...

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Portfolio Review for Sept 2018

By The Boy Who Procrastinates – September 29, 2018 The third quarter of 2018 has been a struggle as the global market is plagued with escalating tit-for-tat trade dispute between the two economic powerhouses, United States and China. And just this week, the US Federal Reserve has raised the interest rates by 25 basis points, bringing it to 2.25%. In the local context, Dairy Farm International has replaced Starhub as STI constituent with effect from 24 Sept. The STI Index has tested its new low in the third quarter of the year. Since its closing at 3277.43 in the beginning of...

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Compilation of Hacks to meet the minimum credit card spending

By The Boy Who Procrastinates – September 26, 2018 Do you sometimes find yourself coming up short of hitting the minimum monthly spending requirement for your credit card? If so, you might have been missing out on earning the credit card rebate and/or interest from your savings account. Following from the previous discussion on Active Savings Accounts, the interest received from fulfilling the credit card spending criterion can be rather rewarding. For example, charging $500 of qualifying retail transactions to the Bonus$aver card, along with $100,000 balance in your Standard Chartered Bonus$aver account would earn an interest of approximately $65 in...

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Thinking, Fast and Slow – Anchoring Effect

By The Boy Who Procrastinates – August 31, 2018 Last year, I have read Thinking, Fast and Slow by Daniel Kahneman, a renowned psychologist and winner of the Nobel Memorial Prize in Economics. The book sheds light on the working systems of the human mind and how it can be susceptible to cognitive biases, fallacies and illusions.  The title was first introduced to me during my Managerial Economics lecture when the Professor fervently recommended it to the class and provided only positive review. As it distills a lifetime of research that Kahneman has conducted in collaboration with the late Amos Tversky, some...

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Exploring the Viability of Flipping IPO

By The Boy Who Procrastinates – August 08, 2018 Among the various short-term trading strategies, there is one prevalent and yet controversial method that can be traced back to the origin of a stock being listed on the exchange. With new common stock issues closing as high as 200% on the first day of trading, it is of little surprise that many have turned to the flipping of IPO for quick and easy profit. Closer to home, a familiar and respectable figure in Singapore, Mr. IPO has devised the strategy of punting the IPO market and put forward a...

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Revision of Interest Rates for UOB One Account

By The Boy Who Procrastinates – July 22, 2018 First launched in April 2015, UOB will be revising the interest rates on the UOB One Account for the first time, in less than 2 weeks with effect from 1 August 2018. 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 t&c for more information. Revision of Interest Rates for UOB One Account *Interest Rate is inclusive of the base interest rate of 0.05% The most striking change...

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Recent Action on Starhill Global REIT

By The Boy Who Procrastinates – July 09, 2018 As briefly mentioned in the post on my portfolio review in June, I have recently accumulated my position in Starhill Global REIT (“SGR”) at $0.64 in June, bringing down my average price to $0.684. This translates to a distribution yield of 6.46% based on the annualised 3Q FY17/18 DPU of 4.42 cents. At the recent closing price of $0.655, this price level is probably last seen back in 2012 and it could have been driven down by a myriad of internal and external factors. 3Q FY17/18 Financial Results Based on the 3Q FY17/18...

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Portfolio Review for June 2018

By The Boy Who Procrastinates – June 30, 2018 What is one to say about June? It is definitely an eventful first half of 2018. Just in the month of June alone, we have witnessed several signicant events such as the kicking off of the World Cup, the historical Trump-Kim summit in Singapore, the raising of short-term interest rate by the Federal Reserve to 2%, as well as the recent escalation of global trade tensions by US, with tariff threats against China, Canada and Mexico and the European Union. Back to the local market, The STI appeared to be...

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Analysis of Netlink NBN Trust

By The Boy Who Procrastinates – June 27, 2018 Source: Netlink Trust Image Library I have recently initiated a small position in Netlink NBN Trust (“Netlink”) at an average price of $0.769 in June. At this buying price, it is trading at approximately 5.6% discount to its adjusted NAV/unit of $0.8146. Not a significant margin to its NAV I must say but there are other areas of consideration to justify my purchase price. Profile of Netlink NBN Trust The Netlink NBN Trust is a business trust that owns 100% of the units in Netlink Trust (“Netlink”), which builds, manages...

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Best Passive Savings Accounts for 2018

By The Boy Who Procrastinates – June 01, 2018 This is a continuation from the previous post on Active Savings Accounts, which are mainly targeted at salaried employees. For the self-employed/freelancers who do not draw salary through GIRO with transaction reference codes of SAL/PAY, or the frugal bunch who struggle with spending $500 on your credit card a month, fret not! There is a series of savings accounts that do not require you to complete the burdensome hurdles of salary crediting or credit card spending. In such scenarios, it will definitely be worthwhile to look into passive savings accounts instead. UOB Stash...

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Best Active Savings Accounts for 2018

This year, I was approached to provide an insight on the best savings account to achieve the highest interest rate. Before proceeding further, I have broken down the definition of savings account into the following categories:  Active Savings Accounts: Savings accounts that require accountholders to complete certain prerequisites such as crediting of salary or credit card spending in order to receive higher interest.Passive Savings Accounts: Savings accounts that does not require accountholders to complete certain prerequisites to receive interest. Generally have lower interest compared to active savings accounts. With the proliferation of savings accounts offered by various financial institutions, It’s no wonder that we...

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Singapore Savings Bonds and its Historical Trends

Today’s topic which I am going to talk about is the Singapore Savings Bond (“SSB”). It is a type of government bond that is fully backed by the Singapore Government which makes it one of the safest instruments to invest in.  There has been chatter around it due to the upcoming May issue which sees a historical high of 1.65% in its 1-year interest rate. But just how good is this current issue in terms of interest rate, as compared with the previous ones in SSB’s history?  As we now have more data collected since its first tranche launched...

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Maximum Tax Savings Calculator for Shared Parent Relief

By The Boy Who Procrastinates – April 06, 2018 With just approximately 1 more week to the due date for the filing of individual income tax, I would like to share this calculator for Parent Relief. Before going into details, let us take a step back for the uninitiated and have an overview of the parent relief. Parent Relief / Handicapped Parent Relief To qualify for the Parent Relief / Handicapped Parent Relief for YA2018, the following conditions must be satisfied: Dependent was living in Singapore in 2017. Dependent living in the same household as you. If the dependent lived in...

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Analysis of Starhill Global REIT

By The Boy Who Procrastinates – April 01, 2018 I have purchased 10,000 shares of Starhill Global REIT(“SGR”) at $0.715 in March. At this buying price, it is trading at 21.4% discount to its adjusted NAV/unit of $0.91. This also translates to a distribution yield of 6.49% based on the annualised 2Q FY17/18 DPU of 4.64 cents/unit. As this is my first write-up piece to analyse a listed company, please bear with me if it is inadequate. Any feedback is welcomed as well. Profile of SGR I believe SGR needs no introduction given that most Singaporeans shop at Wisma...

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Portfolio Review for March 2018

By The Boy Who Procrastinates – March 31, 2018 With a blink of an eye, we have now come to the end of the March. This also marks the end of the 1st quarter of 2018. For the market, March can be described as a month of volatility with the STI dropping 2.44% from 3513.85 to 3427.97, occasionally crossing the 3300 range during the last few days of the month.  On the other hand, the SGX S-REIT 20 Index was trading sideway from 1239.088 to 1244.381, with an increment of 0.43%.  Action in March I have purchased 10,000 shares of Starhill...

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