Author: The Turtle Investor

Does Your Investment Management Company Place Your Interest First?

The Vanguard Group is an unique and very special kind of investment management company. This is because Vanguard is owned by Vanguard funds, which in turn are owned by investors and clients like us. Under this unique and one-of-a-kind structure, Vanguard must operate “at-cost” – it can charge the funds only enough to cover its cost of operations. Since Vanguard is not publicly traded, it can stay focused on the long term, which will improve services and most importantly, REDUCE COSTS for its client which are also its owners. That’s how we’ve been able to keep lowering the costs of investing ever since...

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Own Shopping Malls & Start Getting (Almost) Monthly Passive Income With Only $800

People can say what they want (seems like everyone has a different view as to what it will achieve) but to me, the essence of SGX board lot reduction to 100 boils down to one word – affordability. Well, at least to small-time investors like myself. I thought, why not a simple illustration. Case Study Let’s assume we are now in 2015 and I have $800 to spare in my bank account. While window shopping after work and during weekends, it seemed like every single freaking shopping mall, regardless of sub-urban or prime location,  is always packed with people....

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SGX Board Lot Size Reduced To 100 From 19th January 2015

http://www.sgx.com/wps/wcm/connect/sgx_en/home/higlights/news_releases/SGX-to-introduce-reduced-board-lot-size-from-19-January Key takeaways from SGX press release yesterday relating to index investing : SGX.com This change in standard board lot size from 1,000 to 100 will take effect from 19th Jan 2015. The reduction in board lot size will also specifically apply to two index Exchange Traded Funds – SPDR STI ETF and ABF Singapore Index Bond Fund. All other ETFs will retain their original lot size. Thus, you can more easily implement a classic 3-fund index portfolio from 2015. In terms of affordability, a local equity component (100 shares) will only cost S$300+ while a local bond (100...

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Index Funds For Beginners

Are you looking for a primer on Index Funds? Check out Index Funds For Beginners which gives an excellent introduction despite being discussed in a US-based context. By periodically investing in an index fund, for example, the know-nothing investor can actually outperform most investment professionals. Paradoxically, when ‘dumb’ money acknowledges its limitations, it ceases to be dumb. – Charlie Munger The largest mutual fund in the world is now officially an index fund based on Wall Street Journal : Pimco’s Total Return bond fund now manages $223 billion, compared with $299.4 billion for Vanguard’s Total Stock Market Index fund. This means...

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The Gone Fishin’ Portfolio

Alright, time for another short and simple post. Recently, I chanced upon a portfolio named The Gone Fishin’ Portfolio, which basically champions “dividing our money among different asset classes – like stocks, bonds, precious metals and real estate investment trusts – and then rebalance once a year to bring each class back to our original percentage.” This is nothing new – just another opinion on what is the optimal asset allocation if you ask me. However, what I want to highlight is this particular article by the author, Alexander Green, which has two interesting points. Factors that Determine Eventual Investment Portfolio...

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Singapore REIT Landscape 2014

If we were to put all of Singapore’s REITs and business trusts together in a single chart, how would it look like? Tadah! The size of the bubble denotes market capitalisation and balance sheet data as at June 2014. Pretty easy to differentiate the big fishes and the small ikan-bilis? Looking at the size of the bubbles, it is no surprise to note that CapitaMall Trust (CMT) and Ascendas REIT (AREIT) are amongst the 30 component stocks of Straits Times Index, while Suntec REIT and CapitaCommercial Trust (CCT) are in the STI reserve...

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Is The Stock Market Expensive Now?

On the other hand, Price/Earnings Ratio (PE Ratio), while not perfect, at least gives a more meaningful view of the Singapore stock market. Price/Earnings Ratio The price-to-earnings ratio, or P/E ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. – from Wikipedia Did you know that you can also find out the PE Ratio of the Singapore Straits Times Index? Head over to Bloomberg (register an account if you don’t have one) and add it to your watchlist. Then, from your watchlist, click on the Fundamentals tab and...

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SGX Confirms Board Lot Size Reduced From 1,000 To 100

The rise of Straits Times Index hasn’t interested me that much, despite crossing and staying above the psychological threshold of 3,300 points lately. Something else did, though. Remember this post from almost a year ago? MAS and SGX has issued an official response regarding the review of securities market structure and practices. You can check out the entire news release in the link below, but the only one I’m interested in is this! To improve retail investors’ access to a broader range of listed securities, particularly blue-chip stocks, SGX will reduce the board lot size for securities listed on...

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Vanguard Expands Low-Cost ETF Offerings in Asia

Hot on the heels on Vanguard’s first ETF launched in Hong Kong in May 2013, three additional ETFs were launched in June 2014. For those of us who are watching with anticipation for Vanguard to reach Singapore shores, this should be good news. Till then, you would now be able to purchase Vanguard’s four ETFs that are listed on Hong Kong Stock Exchange. If I’m not wrong, the withholding tax rates for dividends in 0% for Hong Kong, which is a major, major advantage. For United States, in comparison, the withholding tax rates for dividends is 30%. Vanguard FTSE Asia ex Japan...

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Get $10 Off Groceries From RedMart, and more!

If you’ve been reading my blog, no doubt you would have gotten plenty of FREE stuff already. Free buffet from top restaurants, plus getting paid for doing so? Free MRT rides, plus FREE credits from automated Spin-To-Win game? Free budgeting software for students, if you qualify. Free Money for signing up for mobile cash wallets like this and this. Now, you’re gonna get $10 off when you purchase grocery from RedMart, plus they deliver for free right to your doorstep, 7 days a week. When you sign up for RedMart through this link, you get $10 RedMart Credits to spend on your first purchase on...

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Get $10 When You Sign Up for Dash Easy (Standard Chartered Bank)

Well, I’m always keen for “free” money – I know, it sounds weird. So, what is Dash Easy? Basically, it is a product made up of two separate components : A savings account offered by Standard Chartered Bank (Singapore) A mobile cash wallet account, mCash, offered by SingTel You get both a Dash Easy Savings Account and a Dash mCash Account in one easy sign up from your mobile phone, or online. After signing up, you can login immediately to the Dash App to find a free $10 in your Dash mCash Account. However, please note that the $10 is for you...

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Nikko AM STI ETF Dividend – July 2014

The amended distribution date for Nikko AM STI ETF has finally arrived. If you have not noticed, you should have getting ready to be credited with a dividend of SGD 0.0465 per share. Ex-Date : 01 Jul 2014 Record Date : 03 Jul 2014 Date Payable : 15 Jul 2014 Pretty tied up this year, and I’m trying to have shorter posts instead to accommodate busy times ahead. I finally took the chance to re-balance my portfolio – see here. From here on, no more monthly buying of Nikko AM STI ETF for me. Instead,  I’ll be...

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Nikko AM STI ETF Amended Dividend Distribution Dates

1 Flares Filament.io Made with Flare More Info’> 1 Flares × If you are wondering what happened to Nikko AM STI ETF’s 2014 scheduled dividend distribution dates (previously in May and October), you have come to the right place. For year 2014 onwards, their semi-annual dividend distribution dates have been amended to January and July. In their latest prospectus (see Clause 11.4) – Distributions, if any, will be determined by the Manager. Currently, it is the Manager’s intention to make distributions to Holders semi-annually around January and July of each year. The Manager will decide whether a distribution is...

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