Author: Unintelligent Nerd

Happy Lunar New Year!

A Happy Lunar New Year to all my blogger friends and readers! Wishing each of you good health, strong relationships and prosperity! HUAT AH! Just done with my assignment. Will be splitting my time between studying for my papers, blogging, and working on my side project (which will be revealed in due time)....

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Year 2018 Portfolio Performance and Dividend Income (Part 2)

Alrighty! The markets have closed for 2018 and it is time to tabulate my performance and continue the second part of my Year 2018 Review post. For those who missed out on part 1, you can find it here. Net worth breakdownThere has been some changes to my net worth breakdown compared to the previous quarter. Equity allocation has increased from 35% to 39% (in light of all the nibbling I did recently). Cash allocation fell from 40% to 37%. The cash portion would have looked far worse had it not been for my bonus. Precious metals dropped from...

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Year 2018 Portfolio Performance and Dividend Income (Part 1)

Goodbye 2018! Hello 2019! I must be in the flow today. I can’t stop typing as the words just come to me. As the post is getting lengthy, I’ll be splitting it into two posts. Dividend Income Dividends received from my SGD-denominated portfolio in Q4 2018 fell, when compared to the same quarter last year. Most likely, this is due to the effect of pruning quite a number of counters from my portfolio which I had started 2 quarters ago. I expect increases in my dividend income for the coming year once the new additions to my portfolio start...

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Staycation at Yotel Singapore

There has been some changes to the flexible benefits policy at my workplace. The number of categories that we could spend on have been restricted to only a select few, with staycations being one of them. After going for my first staycation, it’s now safe to say that I’ve caught the staycation bug! It is good to take a well-deserved break, to empty my mind, and to live in the present. Also, it is fun being a tourist in Singapore. Recently, I spent some of my flexible benefits at Yotel Singapore. By the way, this is not a sponsored...

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Staycation at Yotel Singapore

There has been some changes to the flexible benefits policy at my workplace. The number of categories that we could spend on have been restricted to only a select few, with staycations being one of them. After going for my first staycation, it’s now safe to say that I’ve caught the staycation bug! It is good to take a well-deserved break, to empty my mind, and to live in the present. Also, it is fun being a tourist in Singapore. Recently, I spent some of my flexible benefits at Yotel Singapore. By the way, this is not a sponsored...

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Applying the Chowder Rule metric to S-REITs

In today’s post, I will not show you where to get the tastiest, most value-for-money Chowder in Singapore. That is…….the responsibility of food bloggers. ….Not today’s subject Instead, I will introduce you to the Chowder Rule, so named after Chowder, a Seeking Alpha contributor. I will be lifting several paragraphs from an article by Sure Dividend on the same topic: The Chowder Rule is a rule-based system used to identify dividend growth stocks with strong total return potential by combining dividend yield and dividend growth. The Chowder Rule is applied in a differentiated manner depending on the type of...

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Q3 2018 Portfolio Update

Another quarter has passed and it is time to review my portfolio again. Dividend Income Dividends received from my SGD-denominated portfolio in Q3 2018 fell, when compared to the same quarter last year. This trend has persisted for quite some time and it is symptomatic of deeper issues that my portfolio is somehow┬ánot quite right. Shouldn’t an income investor receive more dividends through the passage of time? With some psychic pain, I persisted in my task of pruning the fundamentally weaker stocks from my portfolio. The drops in dividends received should stabilize in another quarter or two. On the...

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The growth of NextEra Energy and Florida population growth

In one of my previous post, I triangulated the growth of Consolidated Edison with New York City, the city that it predominantly serves. In this post, I will be adopting the same approach in my evaluation of NextEra Energy (NEE), another utility company that I have come across while prospecting for investment opportunities. NEE might be an unfamiliar name to readers. To help readers get acquainted with the company, I shall lift the following paragraph from their 2017 annual report, “NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in...

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To Sleepydevil: Making good use of your time in NS

This post is dedicated to Sleepydevil, who is enlisting soon. During this period, you may find it more comfortable to follow the herd and allow your mind to stagnate. In this piece, I hope to encourage you to focus on maintaining or, even better still, to improve and allow your mind to flourish. There will be pockets of free time here and there. There will be weekends for you to pursue your interests. The point is to incorporate bits and pieces of self-improvement into these pockets of free time. Push yourself a little each day and, over the 2...

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The growth of Consolidated Edison and New York City population growth

I have a personal preference for stocks with recurring cash flows. Hence, my equity holdings comprise largely of REITs and consumer staples. Recently, I have been reading up on utility stocks, which is another sector known for stable, recurring cash flows. In the US dividend aristocrat list, there is only one utility company on the list that has stood the test of time: Consolidated Edison Consolidated Edison is a provider of electric, gas, and steam. According to their 2017 Annual Report, they are a holding company that owns:Consolidated Edison Company of New York, Inc. (CECONY), which delivers electricity, natural...

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Q2 2018 Portfolio Update

Time flies. I didn’t even realize that Q2 2018 is over; I must have been too engrossed with reading, prospecting stocks, and gaming lately. =P Dividend Income Dividends received from my SGD-denominated portfolio in Q2 2018 fell, when compared to the same quarter last year. This could be attributed to weaker performance from my less-fundamentally strong yield stocks and plenty of divestments I have made in earlier periods. In retrospect, it seemed like a good decision to take profits when people were starting to bid up the price of yield stocks, including the weaker ones. It made me realize...

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Free ebooks from SkillsFuture Festival 2018

Don’t say Unintelligent Nerd bo jio when there is a good lobang. The SkillsFuture Festival 2018 is running from 30 June to 4 August 2018. Concurrently, there is a “virtual festival” that is happening entirely online here. One of the offerings include a link to BookBoon, a publisher that is currently offering its e-books for free during this period. The genres range from Accounting & Finance, Entrepreneurship, Marketing & Sales to Career Management, and Personal Development. Have fun! Cheers UN (P.S. I will do a blog post soon. Been too engrossed with reading, prospecting stocks, and gaming lately. When...

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Investment/Econs/Finance/Markets Book Recommendations by Five Books

Some time back, I came across Five Books, a website that invites authors, academics and public figures from various fields for an interview, where they get asked what five books would they recommend to readers who are interested in their fields. There is a wide range of books in almost every genre, but as investment blog readers, I guess my readers would be curious as to who have they invited, what transpired in the interviews, and what books were recommended: Interviews and book recommendations on the topic of “How to Invest” Interviews and book recommendations on the topic of...

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Taking a closer look at Treasury Bills

Plenty of bloggers have turned to the Singapore Savings Bonds (SSBs) as interest rates are on the rise. Similarly, I have thought of parking my cash in SSBs as well. However, there have been some hesitation on my part. First, a couple of facts about my financial position. My cash position, on absolute terms, is not huge (~$40k). I want a place to park some (not all!) of my cash to earn an interest rate that is higher than the prevailing interest rates offered by your typical savings account. I want a financial product that has a short tenure...

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Analysis of Intercontinental Exchange

Thanks to Frown88’s recommendation in one of his recent posts, I got to know of the Crossing Wall Street blog and an interesting counter which I thought would merit further investigation. The interesting counter is Intercontinental Exchange (ICE), the company behind the New York Stock Exchange and several other exchanges. The Business According to their 2017 Annual Report, Intercontinental Exchange is one of the leading global operator of regulated exchanges, clearing houses and listing venues, and a provider of data services for commodity, fixed income and equity markets. The company consists of two different business segments: (a) Trading and...

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