Author: Unintelligent Nerd

Q1 2017 Portfolio Update

Time flies. With a blink of an eye, the first quarter of 2017 has ended. How has my portfolio fared for the first three months of 2017? Decently, I guess? I think I should let the two charts do the talking. At one glance, Q1 2017 seems waaaaayyy horrible than Q1 2016. The huge bump in dividend in Q1 2016 was attributed to Saizen REIT. Portfolio-wise, I have been decreasing my reliance on REITs for income. I have initiated new non-REIT positions to reduce the proportion that REITs play in my portfolio. In fact, there is a slight departure...

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History of Cash Calls for REITs (Updated as at 19 March 2017)

Wow. Time flies. It has been 7 months since I posted a list detailing the history of cash calls for REITs. I have just done an update to the list: 1). Added in new cash calls that happened within this period 2). Rearranged the list by alphabetical order 3). Added in past private placements which I have missed out 4). Created a page/tab to contain the information *points above* (or click here if you are using your mobile and am unable to view the page/tab) From this point forward, any changes to the list will be reflected in that...

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Correction: POSB Invest-Saver’s monthly contribution amount can be readily tweaked!

Apparently the POSB staff made a boo boo. In my post on Optimizing my POSB Invest-Saver Plan, I shared that changes to the monthly investment amount only takes effect on the next next month. This information was provided to me by the POSB staff. However, a few days later……. The following screenshot from my iBanking account shows otherwise. This is good news. I can now “optimize” my indexing. There’s another point to be noted though. On the night itself (9 March 2017) when I made the change in contribution amount from $200/month to $100/month, the monthly contribution amount is...

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Changes to Travel Smart Rewards

I received an email notification from Travel Smart Rewards today. For existing Travel Smart users, do take note of the following: Travel Smart Rewards will be transformed soon! In 1 April 2017, a new Travel Smart Rewards will be launched on a refreshed portal with new features and games. As an existing user, you will be automatically transferred to the new system. All you need to do is to update your personal details, and we will reward you with additional perks. A personalised link to update your details will be sent to your existing email address next month. For...

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Optimizing my POSB Invest-Saver Plan

I started out my investing journey in March 2015. Back then, I was very much influenced by the works of commercial financial bloggers. “Buy STI ETF” they say. “You sure can’t go wrong with this. 8% returns per annum! Furthermore, you get instant diversification with 30 brand name counters which everyone knows!” Books I read seemed to lend credence to this sentiment. After further research and being marginally aware of the drawbacks of passive indexing, I started plonking down $200 each month into the POSB Invest-Saver Plan. Fast forward to now. The economy is not good and yet the...

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Allocating edu-chest resources

I have done some additional thinking after my two posts on the Skillsfuture Qualification Award and the Post-Secondary Education Account. These are resources for us to utilize, to upgrade ourselves in the face of even greater uncertainty in the job market. Besides the SkillsFuture credit, I have found other resources which could be used as well. As a whole, this pool of resources could be conceived of as an “edu-chest”, a war chest of sorts to deploy for education/professional development purposes. In this piece, I will delimit “education/professional development courses” to refer to courses which range in cost from...

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Coursera’s Paywall: What you could do about it

I was trying out a Coursera course yesterday before being rudely interrupted by the paywall. Prior to this incident, Coursera courses are free to complete (unless you wanted to pay for a certificate). I’ve spent quite a bit on Coursera courses when I was still a noob who couldn’t differentiate between the quality of the courses offered. Once I’ve done my fair share of courses on the platform, I became far more discriminating in whether I would want to top up money to get a certificate. This time round, the finance course I tried out had all materials available...

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SCB e$aver Bonus Interest (1 Feb to 31 Mar 2017)

For those unaware, there’s bonus interest to be gotten from SCB from 1 Feb to 31 Mar 2017. For more information, see here. Though it is for a short period only, I’ve made the transfer to net me slightly higher interest than the CIMB FastSaver’s 1%. I used to wonder why other financial bloggers would bother transferring funds from one saving account to another to net additional interest income. With internet banking, it has become pretty...

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What is the Post-Secondary Education Account?

After Foolish Chameleon’s comment at my last post, it made me realize that public awareness of the Post-Secondary Education Account (PSEA) is abysmal. In fact, I did not know about the PSEA until around 2 years ago. Back then, I was searching for short academic programmes to take and PSEA was one out of many payment options I could use to fund my education. So what exactly is PSEA? Where did the money come from? Is it related to Edusave? How do I know how much money I have in the account? The information is quite hard to find,...

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SkillsFuture Qualification Award: Not a free lunch for me

Ever since I’ve been told by my superiors that I’m eligible for company-sponsored training (about time yah? my previous contract jobs have no such benefits -.-), I’ve been combing the SkillsFuture course directory for courses that are relevant to my job scope. Incidentally, while browsing through the SkillsFuture website, I came across the SkillsFuture Qualification Award (see this link for details). Hey! Did I just hit a gold mine or what? There’s a whooping $1000 cash prize for people like me who have completed one of the qualifications detailed there. What’s more, I have used my Post-Secondary Education Account...

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Staying in First REIT or marrying just for the sake of marrying?

I must be getting old. I’m starting to get intrusive questions such as “Got girlfriend or not?”, “How come you no girlfriend?”, “Why are you still single?”, and “Have you considered finding a girl and settling down?” In a few weeks’ time, I’ll once again be on the receiving end of the same old fusillade. Apparently, a simple and logical explanation of my situation never goes through: 1). I have no permanent job (see here) 2). I have to “leverage up” to do my Masters first before I can get a permanent post With such an insecure cash flow,...

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2016 Reflections

I’m late to the game. Most bloggers have already wrapped up their reflections of 2016 and have proceeded on towards welcoming the new year. Investment Portfolio My dividend portfolio is chugging along just fine. Soon, the annual dividends will be able to cover the $200/month POSB Invest Saver plan which I am on as well. :) At a portfolio level, I am overweight on REITs (bad thing!). I have padded my portfolio with some more consumer staples and am looking towards adding more if the sector corrects. Meanwhile, I am eyeing some other ETFs and am considering SSBs. I...

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Top/Worst performers in my portfolio for 2016

It’s coming to the end of the year. In one week’s time, we will be ushering in 2017. So how did my income portfolio fare for 2016? I will officially be recording and tabulating the results on 31 December 2016, but it doesn’t hurt to review the performance of my counters thus far. I’m not the type who monitors the prices of my holdings daily, so some of the top/worst performers were somewhat surprising. I define returns as follow: ((Current Market Price + Dividends/Distributions received) – Purchase Price)/Purchase Price I have included transaction costs in the above calculation as...

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November updates

So what has Unintelligent Nerd been up to? I’m pretty much occupied with my new job and school. School work is tough. Considering my background, I think I got more than I bargained for by signing up for the 1-year programme in engineering school. For the first couple of weeks, the terms used by the lecturer flew past my head. My understanding has gotten a bit better since then, but there is still much work to be done. I’m done with 3 tests and am left with 2 more next week before the term closes for a much needed...

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瞒天过海 as my preferred self-preservation strategy

Being a Facebook user, I am observing more of my friends/peers/juniors taking an interest in personal finance. In my news feed, I see more of them liking the pages of personal finance websites as well as sharing articles on personal finance with one another. I think that is a good thing. It is good to pursue self-education in the arena of personal finance which, in turn, would set them up with a better foundation in their lives. However, I’m not going to talk about that group today. Instead, I will be talking about some other interesting folks who, through...

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