Author: Unintelligent Nerd

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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Analysis of Nongshim Co Ltd – a Korean Consumer Staples Company

This post is inspired from a conversation I had with Jeremy Ow and Sysy on InvestingNote regarding consumer staples stocks. Nongshim is one among many instant noodles brands you can find on the shelves of supermarkets in Singapore. I have tried their instant noodles, but was unaware that they were a listed company until I stumbled upon the very same name being reflected on a list of Asian consumer staples stocks. Let us take a look at their financials. Revenue Revenue is in Korean Won in billions. From the above chart, it could be observed that revenue is flattish...

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An In-depth Analysis of PepsiCo

At this moment, PepsiCo is one stock that is closely watched by US Dividend Growth bloggers. Over the past one year, its share price has been on a downtrend. PepsiCo is a dividend aristocrat. It has boasted yearly dividend increases for the past 46 years. Just 4 more years to go and PepsiCo will join an even more exclusive group – the Dividend Kings, businesses that have grown their dividends for 50 years in a row. I know I will get this question, so I will address it first. Why PepsiCo? Why not the Coca-Cola Company? The Coca Cola...

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A review of my US Dividend Growth Portfolio

I realized I have not done a proper review of my US Dividend Growth Portfolio in a blog post before, so here’s one blog post to address that lack. The underlying idea for my US Dividend Growth Portfolio is that it is difficult to find dividend growth stocks in Singapore. I’ll have to make a qualifier here before proceeding further. My understanding of the term “dividend growth” entails that the dividends distributed by a given firm increases year-on-year much like clockwork, over decades, and is supported by genuine growth in the underlying business. Currently, I have the following “dividend...

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More free courses from Temasek Polytechnic

A friend informed me the other day that Temasek Polytechnic is offering some more free courses. This time round, it is not limited to alumni only. It is open to the public (Singaporeans and PRs). See here for details (if the link does not work for you, google “Micro-Learning Courses Temasek Polytechnic”). Interestingly, completion of these courses could lead to partial/full module exemptions from some of their Specialist Diploma programmes. For the benefit of those who might have missed it, Temasek Polytechnic previously offered their alumni a free course from their Temasek SkillsFuture Academy. See my previous post here for...

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Q1 2018 Portfolio Update

With a blink of an eye, a quarter of 2018 is over. How has 2018 been for me? So far, 2018 has been kind to me in every aspect of my life. Since this is an investment blog after all, I shall begin with a review of my holdings. As I am primarily an income investor, the trend in dividends received is one indicator that I pay attention to. This does not mean that I conveniently overlook unrealized losses, stick my fingers into my ears and go “la la la, I can’t hear you.” I have observed new US...

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A Quick look at Tootsie Roll Industries

Occasionally, I use Finviz to screen for stocks that are at their 52-weeks low. This time round, Tootsie Roll is one of the names that popped up.Tootsie Roll is not an unfamiliar name to me. I have been trying to familiarize myself with the names of consumer staples stocks to invest in, for their “supposedly” defensive characteristics. Often, even defensive investors ignore this counter for a variety of reasons. First, the yield is measly. At ~1% yield, yield-starved investors could find better deals in the market. Second, its growth pales in comparison to its peers. Third, the management team...

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Making a CPF nomination

I have just made my CPF nomination recently. As it is still fresh in my mind, the following is how the process went for me: 1). Head down to one of their CPF Service Centres (see here for a list of CPF Service Centres). I went with my nominee (The person/s who will be receiving your CPF monies if anything untoward happens to you). 2). Produce your NRIC to the staff, answer some questions related to the nomination (Name, NRIC, Nominee Name/s, Nominee NRIC/s, relationship to Nominee/s, marital status). Staff emphasized that any change in my marital status would...

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Jan 2006 to Dec 2006 Singapore Government Bond Yield Curve

In one of my previous post, I spammed my readers with a bunch of yield curves from January 2007 to December 2009. The idea is to eyeball the data and verify whether was a yield curve inversion present before/during the Global Financial Crisis (GFC) and how well do changes in the yield curve over time provide us with ample warning of a stock market crash. Unfortunately, the endeavour did not bear much fruit. The yield curve became more normal as the GFC unfolded. Still, I did observe that the yield curve was pretty much flat during the first quarter...

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The smell of desperation

One of my new colleagues who joined us in the last quarter of 2017 is visibly disturbed. Since a month back, she has been panicking over how she could get her name on a journal publication. Her desperation was so bad that, during our last meeting, she raised a question to our bosses how she could be involved in the publication process…….after our bosses gave a dressing down to the data collection team (which she is part of) for failing to meet the data collection KPI even after hiring new data collection personnel to boost data collection rates. Ouch....

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Jan 2007 to Dec 2009 Singapore Government Bond Yield Curve

A belated lunar new year to my readers.With the submission of my last assignment for the semester, it is time to blog again. In my previous post, I described where and how do you get the data to plot the yield curve. In this post, I will be spamming everyone with line graphs of the Singapore Government Bond Yield Curve from January 2007 to December 2009. The underlying rationale is to eyeball the data to verify whether was a yield curve inversion present before/during the Global Financial Crisis (GFC) and how well do changes in the yield curve over...

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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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