Author: The Tale of Azrael

Added MINDEF Group Personal Accident Coverage

So after I cancelled my ILP, I finally diverted it to purchase MINDEF Group Personal Accident, most of it still goes to investments though. I purchased the plan through this link. It is a rather cheap coverage as it is subsidised by MINDEF to NSmen like me. Some conditions are required prior to joining NSFs NSMen Regulars MINDEF or MHA Public Officers Volunteers (MINDEF/MHA/SPF/CDAU) Employees (FT/PT/Contract) of DSTA/MINDEF or MHA Related Organisations Aged 65 or less Here are some reasons why I took this up Need personal accident coverage (no underwriting for max coverage) Potential addition of Group Term...

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My Thoughts on OCBC 360 Account Update (1st November 2018 Onwards)

Just saw it today during work, so figured I would crunch some numbers to see how beneficial is it for me, hopefully it isn’t worse off like the prior one. From a rough look, it seems that a significant number of clients have balances lower than 35k and save less than 500 a month to this account, and too many have many bills to pay. I am covering only the stuff that applies to me, holding 200k in the account doesn’t make sense and I don’t really buy financial products from OCBC/Great Eastern. I’ll skip the Boost interest because...

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My Thoughts on OCBC 360 Account Update (1st November 2018 Onwards)

Just saw it today during work, so figured I would crunch some numbers to see how beneficial is it for me, hopefully it isn’t worse off like the prior one. From a rough look, it seems that a significant number of clients have balances lower than 35k and save less than 500 a month to this account, and too many have many bills to pay. I am covering only the stuff that applies to me, holding 200k in the account doesn’t make sense and I don’t really buy financial products from OCBC/Great Eastern. I’ll skip the Boost interest because...

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Portfolio Transactions Update (September 2018)

Updates for my portfolio for September 2018 Still need a lot of work on my portfolio watchlist, looking to include shares from other developed nations. I’m paying off the balance transfer faster than I would and maybe do another one using Maybank. Sell M1 at 2.11 Reasons General offer from Keppel at 2.06 but rejected by Axiata Price ran up to 2.13 and managed to sell at 2.11. Wanted to let go, so this was a good opportunity. Else was thinking of collecting dividends for a year or so and cut off at breakeven at total return Well, that’s...

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Portfolio Transactions Update (August 2018)

Updates for my portfolio for August 2018 Still need a lot of work on my portfolio watchlist, looking to include shares from other developed nations. I’m paying off the balance transfer faster than I would and maybe do another one using Maybank. In addition, I’m on a steep learning curve for my side venture, as I’m gonna do everything DIY instead of letting people do it for me (more costly), let’s see how it goes. Buy Hong Kong Land at 7 Reasons PB of 0.45x, which is close to a non crisis low of 0.42x Dividend yield is 2.9%,...

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Portfolio Transactions Update (July 2018)

Updates for my portfolio for July 2018 Still need a lot of work on my portfolio watchlist, looking to include shares from other developed nations. I’m paying off the balance transfer faster than I would and maybe do another one using Maybank. In addition, I’m on a steep learning curve for my side venture, as I’m gonna do everything DIY instead of letting people do it for me (more costly), let’s see how it goes. Buy Silverlake Axis at 0.5 (Average down) Reasons Add at around fair value of 25x PE Dividend yield excluding special div is 4.4%, which...

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Tibits I learnt from Singtel AGM 2018

So I took leave to rest, destress, and at least ensured I attend 1 AGM per year (hopefully more of course). I’m kinda new to AGMs, so I don’t really know what to look out for, so hopefully I learn more as the time goes. I must say this is the most grand AGM I have ever been to, there’s more than 20 registration counters, with ushers serving coffee and tea to attendees. There’s even an AV team (the kind that looks like it should be at a concert) at the back! So let’s get on it. The slides...

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Life Energy Exchange Decision Comparison of my Prior job vs Current Job

During the BIGS Investor Exchange (Thank you guys for setting up the event), Chris pointed out something that resonated within me when I was deciding to shift to my current job. Chris pointed at this book (which is on my reading list but I haven’t got time to read it yet), about Life Energy, I was surprised as there’s actually someone who wrote about it in a book! Kinda like a better version of my way of calculation which is Actual income = (Take home salary) – (Employment related costs) Employment related cost do include cost of food, cost...

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Portfolio Transactions Update (June 2018)

Updates for my portfolio for June 2018 Still need a lot of work on my portfolio watchlist, looking to include shares from other developed nations. I’m paying off the balance transfer faster than I would and maybe do another one using Maybank. In addition, I’m on a steep learning curve for my side venture, as I’m gonna do everything DIY instead of letting people do it for me (more costly), let’s see how it goes. Buy Kingsmen Creatives at 0.575 Reasons Depressed earnings and dividends, already providing a 4% yield Get 4% yield while waiting to recover Margins are...

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Applied for my First Balance Transfer

Previously, I have written that I have applied for a few cards with other banks to get more credit limits for balance transfers. I also realised that CIMB cards don’t offer that option (stupid me). However, I realised that Maybank offers a rather nice rate (I heard from my dad that they offer one of the best rates as well, it is also lower than what I got, so stupid me twice). This time I am trying OCBC, as OCBC is running a promotion, for a balance transfer of 8000SGD to purchase shares here. As this is my first...

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Portfolio Transactions Update (May 2018)

Updates for my portfolio for May 2018 Still need a lot of work on my portfolio watchlist, looking to include shares from other developed nations. But all of these are on hold as I’m having some heavy commitments, work is not very friendly now as they are cutting OT and time after work is reduced. Buy Starhill Global REIT at 0.685 Reasons PB and Dividend Yield is near 5 year lows (0.74x and 7.2%) Generally, the outlook of retail seems to be flat and potentially recovering, dividend yield is decent while waiting Buy Singtel at 3.29 Reasons Dividend Yield...

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Tibits I learnt from "PEACE Investing"

So the 5th book, I’m reading to learn more about investing in Residential Properties in Singapore. You can find the previous post here So off we go: This book is more about renting than flipping it seems (which makes more sense and is less speculative to me). Focus is on high yielding properties Properties must already TOP so you can rent immediately Make it easier to rent by pricing rents slightly below market Property must generate positive cashflow like a business Focus on acquiring cash cow properties If rental income cannot service debt, try to borrow less until rental...

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Portfolio Transactions Update (Apr 2018)

Updates for my portfolio for Apr 2018 Still need a lot of work on my portfolio watchlist, looking to include shares from other developed nations. But all of these are on hold as I’m having some heavy commitments (finishing my research into property investing soon, so more stuff to do after that ^^”). Sell Comfort Delgro at 2.15 (loss) Reasons Structural Change in industry due to disruption from Grab and Uber Although Grab and Uber has decided on merger, and potential entry of Go-Jek from Indonesia here. There’s Ryde too. If Go-Jek really enters the market, Go-Jek would have...

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Tibits I learnt from "Buy Bye Property"

  So the 4th book, I’m reading to learn more about investing in Residential Properties in Singapore. You can find the previous post here So off we go: This book is loads better than his second book in my opinion. On Buying Properties Start early, don’t procrastinate Can stretch longer loan duration Less financial commitments Following advice of others and thinking one can not go wrong with property is a way to failure Do as much research as possible before buying Look for High Quality with High Returns (both are important, but hard to find) View property to inspect...

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Tibits I learnt from "Multiplication Strategies in Real Estate"

So the 3rd book, I’m reading to learn more about investing in Residential Properties in Singapore. You can find the previous post here. So off we go: Positive cashflows and certainty of capital appreciation is important in real estate investments. Capital appreciation in property is required, not an option. Property Market is not efficient, thus the real estate indexes are not very reflective of all markets, even in hot or good markets. Real estate is quite unforgiving, if made a mistake, takes a long time to breakeven or take a loss to undo mistakes. Keep checking the market to...

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