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The Investment Portfolio – Q4 2019 and a Big One Time Charge
By Singapore Stock Picker  •  December 8, 2019
Whenever I go through banks’ financial statements, I will come across a discussion on non-performing loans or NPLs. This earnings season, I paid a lot of attention to the treatment of NPLs and how it affects a firm’s balance sheet. Basically, if banks cannot collect money on some of the loans, they have to write it off their assets via provisions for losses. Since I expect that the managers of the companies I hold write their financial statements to reflect their actual financial situation and plan properly, I thought I should apply the same standards to myself. From now on, I will mark my scholarship liability at estimated termination value. As for the liability on my home loan, the loan liability is covered by the home (i.e. selling the home offsets the liability, plus the liability is covered by my CPF “cashflow”). As such, there is no need to...
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By Singapore Stock Picker
I am a full time electronics engineer at a government linked company in Singapore. I enjoy most of my work and it pays reasonably well. However, I dislike waking up early and following a 9am-5pm lifestyle. That’s why I started picking up investing. I want to end up retiring from full time work by 40 and having the option to not being a slave to any company ...
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