Author: The Turtle Investor

Life is Good. Is it?

Being busy lately (with what else but work) plus a short overseas trip has resulted in a lack of updates. Then again, it is not like I’m a popular blogger or anything. I can write whenever I want, and share whatever I want. Travelling has always given me fresh perspectives when looking at things. Many times, we are so caught up in the rat-race of modern society that we fail to appreciate what we have. I shall be the first to admit I’m guilty of this. I have a roof over my head, and I’m in relatively good health. I...

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How Much Does Your Insurance Cost?

Short post! Chanced upon quite a number of blog posts recently on insurance and the monthly premiums that people are paying. Thought I’ll chip in with mine – Currently, I’m covered under what you would call a Term + Critical Illness policy with NTUC Income. I’m a male non-smoker, and I took up the policy when I was 29 years old, for a period of 30 years. This is my core policy, which insures for an amount of $200,000. My monthly premium is $68.90. Any time I have more money to spare, I would top up my coverage via...

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How Much Does Your Insurance Cost?

Short post! Chanced upon quite a number of blog posts recently on insurance and the monthly premiums that people are paying. Thought I’ll chip in with mine – Currently, I’m covered under what you would call a Term + Critical Illness policy with NTUC Income. I’m a male non-smoker, and I took up the policy when I was 29 years old, for a period of 30 years. This is my core policy, which insures for an amount of $200,000. My monthly premium is $68.90. Any time I have more money to spare, I would top up my coverage via...

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Good Advertisement vs Good Investment

If you are a regular commuter on the MRT, no doubt you would have noticed the endless advertisements that are put up by Aberdeen Asset Management. To be honest, when I just started getting interested in the topic of investment, I was interested in what Aberdeen had to offer. After all, there are the “experts/professionals” who knew how to invest, and what to invest in. Luckily, I took my time to learn more about investing and to do my homework. What I found out pretty much scared me away from them, and I wouldn’t even go near them ever...

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Good Advertisement vs Good Investment

If you are a regular commuter on the MRT, no doubt you would have noticed the endless advertisements that are put up by Aberdeen Asset Management. To be honest, when I just started getting interested in the topic of investment, I was interested in what Aberdeen had to offer. After all, there are the “experts/professionals” who knew how to invest, and what to invest in. Luckily, I took my time to learn more about investing and to do my homework. What I found out pretty much scared me away from them, and I wouldn’t even go near them ever...

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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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