Author: Unintelligent Nerd

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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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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