Author: Where got money

Food For Thought: Apr 19

April 15, 2019Ben Apologies for not posting as often, have been and will be busy for the next few weeks. In the meantime, here are some things I found interesting over the past few weeks. Quotes from a private banker: Source: Straits Times Source: Straits Times Interesting that he does not mention any monetary investment (stocks etc). What does this say about the actual ‘action’ of investing vs the ‘behind the scenes’ aspects of investing? Source: [Censored] Shows the importance of actually tracking your results. All theses fees really add up and make your broker happy. Also, one advantage...

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Singapore Savings Bond Comparison: May 19

April 2, 2019Ben Just noticed that the past few issues had the wrong year. Whoops! This is a monthly series where I do a comparison of the current issue of the Singapore Savings Bond (SSB) against the past SSB issuances over the last ten years. If you have read this before, skip to the Yield Curve, Table and Thoughts sections. I’ve included an asterisk (*) at the end of the title to make them easier to find. MAS has been issuing the SSB every month for over three years now, and many Singaporeans will have heard of it before....

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1Q 2019 Quarterly Update

March 30, 2019Ben It’s time to review my goals again. Since the time frame of my reviews are similar to a company, I will try releasing this post in the format of a company’s reports. Let me know if you like it! Portfolio Performance WGM portfolio returned 16.49% (excl dividends) vs STI ETF’s 4.66% (excl dividends), led by a Q1 recovery. Dividend-wise, portfolio yielded ~0.24% vs 1.74% (STI ETF). Total return WGM portfolio for Q1 2019 is 16.73% vs 6.40% (STI ETF) for an over performance of 10.33%. Over performance in 1Q 2019 compared with the previous update shows...

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Portfolio’s First Divestment

March 23, 2019Ben I took profit from my top performing stock recently. I was conflicted after selling, and thought that recording it would be a good idea. Others can learn from it, and I can look back next time and see if anything has changed. For any investment made, I am prepared to hold it for at least ten years. However, my current investing strategy suggests selling if fundamentals change or the company is overvalued (to buy again if opportunity presents itself). Before The stock price ran up quite a bit over a few months and I felt it...

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Investing, Uncertainty and Luck: Stock Market Statistics

March 14, 2019Ben This is a two part series on uncertainty and luck in the stock market. Read part one here! (On hindsight, this post should have been part one. But we live and learn.) In part one, I used an example of one of my stocks shooting up after I bought it. Guess what? A few days after that post, another of my ‘undervalued’ stock shot up! This leaves one more ‘undervalued’ stock that has yet to move anywhere. Maybe this post will do it. Part 2 covers some statistics on stock market returns. Don’t worry, not much...

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Singapore Savings Bond Comparison: Apr 18

March 2, 2019Ben This is a monthly series where I do a comparison of the current issue of the Singapore Savings Bond (SSB) against the past SSB issuances over the last ten years. If you have read this before, skip to the Yield Curve, Table and Thoughts sections. I’ve included an asterisk (*) at the end of the title to make them easier to find. MAS has been issuing the SSB every month for over three years now, and many Singaporeans will have heard of it before. They have even started advertising at bus stops and MRT stations. Here...

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Predicting Your CPF Minimum Sum

February 22, 2019Ben While looking through the government’s official data website, I chanced upon data about the CPF minimum sum. Since CPF is related to FIRE, I got curious about what the numbers will look like when I turn 55. I’m also curious when will the minimum sum hit 1 million. CPF Retirement Sum Scheme Here’s what happens in a nutshell. (More comprehensive information can be found on the CPF website.) The Retirement Sum Scheme is set up so that Singaporeans and Permanent Residents (PRs) will have a monthly income enough for a basic retirement. While working, Singaporeans and...

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Psychological Pitfalls In Investing (Part 1)

February 18, 2019Ben This post has ended up longer than expected. Thus, I have broken it up to two articles. Stay tuned for part two! As humans, we are built to think in certain ways, and they are prone to errors. In the investing world, these errors can be very expensive, and being aware of these can help your bottom line. It is my belief that investment performance is mostly determined psychologically, so here are some psychological pitfalls to be aware of. Survivorship Bias The most common example given is the one about World War II planes. In WWII,...

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Investing, Uncertainty and Luck: Areas of Control

February 10, 2019Ben This is a two part series on uncertainty and luck in the stock market. Stay tuned for part two! It goes without saying that investing comes with a certain degree of uncertainty. No one can predict where the market is going. Even with the safest government bonds, there is a chance that they will default (an extremely low chance, but still there). This means that a certain degree of luck comes into play when investing, since this is an area out of our control. Investing has an additional dimension which increases uncertainty as compared to other...

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Singapore Savings Bond Comparison: Mar 18

February 2, 2019 Ben This is a monthly series where I do a comparison of the current issue of the Singapore Savings Bond (SSB) against the past SSB issuances over the last ten years. MAS has been issuing the SSB every month for over three years now, and many Singaporeans will have heard of it before. They have even started advertising at bus stops and MRT stations. Here are the key benefits: (Virtually) Risk Free: Backed by Singapore Government with AAA credit rating (Almost) No Fees: There’s only a $2 fee when buying or selling Capital Guaranteed: You will...

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Why I pick stocks over ETFs

ETFs have been widely touted as the ideal investment for many retail investors: easily accessible, low cost, low maintenance and diversification (dependent on which ETF). There’s even the famous ten-year bet by Warren Buffet between low cost, diversified ETFs and actively managed hedge funds. Buffet won. So why do I pick stocks over dumping it all in an ETF? Beating The Market My goal is to beat the market by more than 5% per year over ten years or more. This can only be achieved through active management of your portfolio. By managing your own portfolio, you have control...

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2018 Yearly Update

January 16, 2019 Ben It has been 5 months since the start of this blog. A relatively short time. I can’t help but wonder what it will be like a year from now, when I’m writing the 2019 yearly review. In these short few months, I’ve already picked up some skills and gained more knowledge while blogging. I know for certain that 2019 will be better, and I hope that you have gained something while following my journey too. Goal: Healthier Eating There seems to be a trend regarding this goal… Not surprising My holiday expenses in December 2018...

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