Author: Unintelligent Nerd

How to plot the yield curve using SGS data

Where do you get the necessary data to plot the yield curve? How do you plot the data points? How do you interpret the yield curve? These are some questions that have been on my mind for quite a long time. I have been reading the financial blogosphere and was secretly hoping for someone to address this topic. I’ve waited and waited to no avail. As I’m thinking of doing some mathematical modelling with bond data in the future, I decided to force myself to search for answers to my own questions. First, head over to the Monetary Authority...

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History of Cash Calls for REITs (Updated as at 20 January 2018)

Since I have some time now, I have just updated the history of cash calls for REITs list (see here for the updated list). The last time I updated it was in March 2017 (see here). Since then, there have been a number of additions to the list (Cromwell European REIT and Keppel-KBS US REIT). Off the top of my head, I recall that the following REITs raised cash during this period: (a) AIMS AMP Capital Industrial REIT, (b) Cache Logistics Trust, (c) Capitaland Commercial Trust, (d) CDL Hospitality Trust, and (e) Manulife US REIT. As always, don’t take...

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2017 Reflections, 2018 Gameplan

Hi to all my readers. I know this is very late, but here’s wishing everyone a happy new year and good health to all! 2017 has been a good year to me. Though some of the challenges I’ve faced made me doubt myself, I somehow managed to pull through and learn from the experience. Career-wise, I am thankful for the bump (in my industry, at least) to my salary. At the rate I am going, while keeping my fingers crossed, I will be hitting $100k net worth before the end of 2018 (excluding CPF and emergency fund). When I...

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Year 2017 Portfolio Performance and Dividend Income

With the closing of the stock market for the year, it is time to compute the required statistics to measure my performance for the year. In this piece, I will review how I have fared as well as the strategy to employ for the new year. Similar to what I have done previously, I will go through my dividend income first. For my SGD-denominated counters, the trend in dividends received pales in comparison to 2016. This could be attributed to the following reasons: (a) profit-taking on some of my counters in the earlier half of the year, (b) poor...

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What will I do after achieving Financial Freedom (part 2)

This is a continuation of my previous post (see here). After some thinking, I think it is not wise to blab about my interests as well as the potential areas of interests that I am keen to develop. Else, I will really overdo it with the number of “parts” there are to this post. To make it more relatable, I think it would be better to show how I could potentially fill up my schedule with various activities over a 1-week time-span. For this hypothetical scenario, let’s assume that I wake up at 8am each day and head back...

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What will I do after achieving Financial Freedom (part 1)

This post is a response to La Papillion’s most recent post (see here). Now I am starting to think twice whether is it a bad idea to respond to his post. I have plenty of thoughts concerning this topic and I think it would be quite difficult to form it into a coherent whole. I think the most important thing is to know why you want what you want. Not many people are able to sufficiently distill their raison d’être and clearly articulate it to others. Personally, I struggle with expressing my worldview to others. It always end up...

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A Quick Analysis of Société Bic

A couple of months back, I was looking through the consumer staples sector and I came across Société Bic that is listed on the Euronext Paris (EPA). For those unaware, EPA is the French stock exchange. Société Bic is a company that sells stationery, lighters, and razors. I personally have come across the ballpoint pens that the company sells. I don’t think I have come across the other two product categories which they carry. What I liked is that the company is not dependent on any one category of product; their revenue sources are quite diversified (see screenshot below) and...

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Free course for Temasek Poly Alumni

Just a quick post. Don’t say Unintelligent Nerd bojio when there’s free lobangs. Apparently, Temasek Poly Alumni are entitled to redeem one free SkillsFuture Series course (see here for details). The course has to commence within the period of January to December...

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Working for Free/Working for Entertainment

It has been quite some time since I’ve last blogged. My specialist diploma programme is now underway and I’m taking a breather now that I have completed most of my project work. In the course of my studies, I came to re-confront my naivety because of something my lecturer shared with the class. I have not really shared this in detail in my blog before. Why am I investing? Is it a means to escape the rat race? Nope. I have always been enamoured with the life of a researcher. What joyous fun it is to spend my days...

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Random thoughts on various subjects

It has been quite some time since I’ve last blogged. My life has been a flurry of activities since my third specialist diploma programme commenced around two weeks back. So far, lessons are interesting and challenging. But this time round, there is more internal turmoil within me. Intrinsic motivation is somehow quite diminished and it takes considerable effort to muster my energy level. I guess I must be quite burnt out. I have been accumulating blog topics in my mind. As I am not able to expand on each individual idea to a full-length blog post, I will be...

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Makin’ money thru spinnin’ things

I think this will be a more “fun” post than usual? Every once in a while, I will come across posts from other financial bloggers emphasizing the importance of developing a side hustle to diversify one’s income streams. Out of curiosity, I have searched the net for viable side hustles. The answers are almost always the same. Be a writer. Be a celebrity blogger and earn through page views. Create an e-business. Create apps. Man! This is hard! I can suka suka pull off any of the above with ease meh? Then I looked around me and observe other...

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PhD Prostitutes

A couple of days back, I saw the following article being circulated on my social media feed: https://www.theguardian.com/us-news/2017/sep/28/adjunct-professors-homeless-sex-work-academia-poverty This is not new to me. I have read articles on the increasing amount of student debt in the United States. Students leverage up to pursue a degree in order to live the American Dream. Once they have gotten their coveted degrees, they are faced with the sickening realization that this is not enough. Masters! PhDs! You need MOAR to edge out against your competition. But are post-graduate qualifications really worth it? It depends on your major. In certain spheres on the...

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Q3 2017 Portfolio Update

I didn’t bother to find the exact date, but I should be 2.5 years old in the market as at September 2017. When I first started out in investing, I read voraciously (both books and blogs) and checked the prices of stocks in my watch list fastidiously. Now? I really couldn’t be bothered with the latter. I am predominantly an income investor who invest for the long term. Once I identified my target, I allocate a sum of money that I am comfortable with to it. The amount I allocate varies, depending on the counter’s riskiness and the extent...

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Physicians Realty Trust: How are the Acquisitions funded?

Now that Physicians Realty Trust is on a downtrend, it is time to revisit a particular aspect of the counter. Physicians Realty Trust is a medical office REIT listed on the NYSE. It went public in 2013 and, since then, have been embarking on an acquisition spree. I first came to know of the counter when I looked through the holdings of some other US financial bloggers and it piqued my interest. I have left it at the back of my mind as it wasn’t the right time to invest in the counter back then. Months later, the share...

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Emergency Fund and other Miscellaneous Updates

Since writing this post, I have been faithfully allocating a portion of my salary to our emergency fund. For the months of August and September, I contributed a total of $3000 to the emergency fund, bringing the total sum up to around $14000. Assuming a monthly contribution of $1500, our emergency fund will hit the target sum of $20000 in January 2018. Well, I could accelerate the process though. I could consider bumping up the monthly contribution amount. But is this worth it? It will make me cash-strapped and miserable for the next few months, just to hit the...

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