Author: Rainbow Coin

First successful pair trade on SAXO

As though every streak of good luck must come with some streak of bad luck, a big fat cockroach came flying into my room as I closed my trade position on a gain last night. SAXO’s platform is really sophisticated in terms of functions and quite user-friendly. There are all kinds of orders that traders could enter, and they have a buffet of security types for trading (CFD, Options, ETF, forex and much more). I opened a small position as a test-water trade to see how I can execute CFD and monitor the trades using SAXO. I made a...

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Making sense of CDP Portfolio Breakdown

Every beginning of the month I will log on to my CDP account online to download the E-statement and that’s more environmentally-friendly than before when CDP used to send paper statements. The online portal is also good for keeping track of your list of holdings easily (if you don’t do portfolio recording on stocks cafe, yahoo finance etc) as you could input the prices you bought the shares at. With the information, it will give you a breakdown of your portfolio – something like what is shown in the picture below. I find this particularly useful for a quick...

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Quick update – end July

What have I been up to this month? Opened an account (in USD) with SAXO and reading up on some US companies. In the meantime, I am trying to find out more on the custodian fees involved before dipping my toes. I have pretty much given up hope to buy SIPs through DBS Vickers, although I have been highly interested in ETFs and Warrants. They are very strict about financial backgrounds and not even passing the online assessment at ABS-SAS can qualify for the account ‘upgrade’. It is kind of silly how they are promoting investment in ETFs on...

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Book review: Investing with Purpose by Mark Aardsma

This book is not just another book teaching you how you should be investing your money in the financial world. Mark’s concepts are at a whole new level beyond that, which strongly attracted me to continue flipping the pages. It can be borrowed from the NLB. It makes a very good sequential read to Rich Dad, Poor Dad. Rich Dad showed us the importance of financial literacy and getting out of the rat race, then Investing with Purpose would give us ideas on how we could do it. With stories of his own journey from retrenchment to a multi-business...

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Time in the market & Timing the market

They sound like opposing terms but can we have the best of both worlds? Answer is CAN… by following Uncle8888’s Pillow Stocks Strategy. The whole process starts from picking the right stocks (I am a lousy value investor, therefore I tend to pick many stocks from across the sectors instead of focusing on a few of supposedly good value ones), protect our capital by reaping the capital gains from the gems after some time (we won’t know for sure how long that will be), stay vested at zero cost to reap dividends. How much we reap in this case depends...

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Portfolio actions

It’s world cup season plus holiday, so I think that the market will be quite cool at least for these 2 months. Sold all my Keppel Corp. Concerns with rising supply of oiland the U.S. sanctions against Iran and Venezuela have caused market sentiments to be mixed about the future oil prices. Since the share price of Keppel (BN4) is co-related to oil prices, I have decided to get out of the roller coaster and sit on the sideline for now. Downtrend is still intact. BN4’s dividend yield has became much less attractive compared to the past, thus I shall...

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Yet another case of ‘diworsification’

https://www.channelnewsasia.com/news/business/hyflux-singapore-court-supervision-faces-major-challenges-10260230 Let’s see how things will pan out after reorganization for the once-star homegrown Hyflux. I kind of believe that the founder (Olivia Lum) would have the tenacity to pull through, given the way she 白手起家。 I am not vested in Hyflux. Just a thought that we must stay alert at all...

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Revisit: Invest in one that grows!

Where capital appreciation and long-term yields are our investment goals, putting our hard-earned money in a company that grows (its earnings) is probably more important than one that gives out high dividend payout in terms of yield (yet has poor cash flow and does not grow its revenue much). However, we should not simply rule out yield in our buying consideration as companies that give good dividend yields are generally less volatile than those that don’t. This is because fund managers in times of bad market would rather sell off the shares of the company that give less dividend before the...

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The past 30yo reflections

Have I been aging gracefully? It’s time for some reflections. 1. Learnt to appreciate work more, 敬业乐业 Having moved out of my comfort zone which I was so discontented with due to a lack of ‘prospect’, the past 2 years of ‘venturing out’ served as both a learning journey that opened my eyes up to entrepreneurship and a humbling experience which led my heart to 最初。I learnt to recognise that there is no so-called ‘easy job’, regardless of being worker or boss – there is only job you hold passion for or no passion for. To put a price...

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Watchlist: ThaiBev Y92 (2)

Previous post: http://rainbowcoin.blogspot.com/2018/02/watchlist-thaibev-y92.html Not wanting to catch a falling knife, I shall wait for the plunge to end and consolidation to set in before entering. — Side note: Maybank is now running a promotion for fresh funds fixed deposit at 1.65%. Finally increased...

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Book review: Momentum – how to build it, keep it or get it back

This is a big concept book which brought me through the equation of Momentum with brilliant explanations on each part of the formula and a number of case studies on famous companies. You will find the equation right at the end of this blog post. Snippets of wisdom which I have lifted throughout the book are in italic here and my inputs are in non-italic. The concept is not only useful for individuals (who are turning into couch potato like me) but also for leaders who are looking to veer their sluggish companies into momentum (turnaround). Getting into momentum…...

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Old lessons – facing a ‘new worse’

With reference to an old post: A new worse – STI Aug 2011 Add on: Lesson Five – Be nimble. Be impatient to the weeds, slowly rake in the gems when they are on sale and be patient with the gems. Lesson Six – if chance permits, short those stocks that fuel the Bear. (Be careful not to short too...

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What swimming taught me about investing

Investing is pretty much like taking a plunge. Swim or sink. People can set different goals and pace for themselves (I don’t need to be like everyone else). The end of a lap always seems very far away (as I am short-sighted, I can hardly see it) when I started out. With consistency and perseverance, I will eventually reach the other end. I swim in the style I am most comfortable and adept in. It may not be the fastest stroke but it should definitely be one that keeps me afloat and moving. Yeah, it’s very much each to...

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Opportunity costs in stocks market

When we speak of making profits through stocks investing and trying not to lose money according to Buffet’s rule, there is a part of the processes which we may overlook. That is – are we able to minimize opportunity costs throughout our investment journey? Here are some ways in which one may incur opportunity costs and potentially made our faces look like this >> TT (when we look in retrospective). 1) Sitting on too much cash in a bull market This is a total opposite of FOMO (fear of missing out). I can think of two possible reasons for...

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