Monday, 5 June 2017

June 2017

Here comes the 6th month of the year. Considering my last post was in March, I had not realised I had missed the postings of April and May. So much has happened within this period...

To sum up the entire period,
1)     I successfully completed most of the assignments of my degree and the only thing standing between me and my certificate is the last paper which is due in mid June.
2)     I switched my CPF-IS account from DBS to UOB after realising the quarterly account maintenance cost of DBS charges $2/counter with a minimum of $5 while UOB charges a flat fee of $2/counter.
3)     Workwise, performance review of the year 2016 concluded with a promotion effective July.

Friday, 17 March 2017

A tech bubble in the making?





Seriously? Snapchat (SNAP) IPO had a market cap of US$24billion with a share price of $17 per share.

This IPO seriously looks like a huge speculation gamble coupled with miraculous expectations that the company will somehow generate a profitable net income after 2 years of net losses. That’s right… SNAP has had increasing net losses of US$373 million in 2015 and US$515 million in 2016 (According to Morningstar). These numbers were published for their IPO prospectus for all to see and people are still willing to throw their money at the stock hoping to catch a quick buck.

Wednesday, 1 March 2017

Revised OCBC 360

Hello!
So today marks the first day of March. The moment I woke up and looked at my phone, I saw a message indicating that OCBC is updating its interest rates from 1st Apr 17. So I went to the web immediately to take a look at it and found that it is reducing/increasing interest rates for 4 /5 components.

Saturday, 4 February 2017

Jan 2017

Hello!

My last post has been a while (in November). I did not manage to write a post in Dec due to the deadline of my assignments which was due over the new year. I’m glad it is over for now and I scored pretty well for one of the modules with full marks on the paper (been a while since I received full marks). While I am waiting for the results of the other module, I can concentrate on what matters ultimately, which is my financial journey.

Saturday, 3 December 2016

Nov 2016 Portfolio

Hi guys,

The month of November certainly contained some interesting and explosive news. First, Donald Trump won the US election against Hillary Clinton and the US markets rose to its highest levels instead of dropping as many would expect. Second, OPEC agreed to a production cut in eight years of about 1.2 million barrels per day. This cut would attempt to include the non-OPEC country in a bid to control and give balance to the overflowing crude oil market. Third, there was an increased chatter on the FED interest rate hike being highly possible in Dec due to the low jobless rates. This likely led to the steep drop in US treasury since 2009.

Friday, 4 November 2016

Oct 2016 Portfolio

Hi guys,

For the month of October, I received my results for my 2nd trimester and they were excellent. That marked the completion of half of the degree course and another 8 more months to complete the whole course and be done with the studies… I seriously cannot wait to get my life back on track. Since the beginning of the degree class, I was so swamped with work, studies, social life and my financial life. I did not have enough concentration to focus on the financial markets and thus had to change my investment period to medium to long term. While that did not help much with my account, it helped to maintain my financial status.

Thursday, 6 October 2016

Sept 2016 Portfolio

Hi guys,

For the month of September, things were pretty hectic as I had to complete 3 essay assignments and managed to complete 1 practical test while preparing for a presentation during the first week of October. Overall, I felt pretty confident that this semester would be awesome as well.

Wednesday, 14 September 2016

CPF-IS under review.

Hi guys,

For those who don’t read newspaper, it looks like there are some changes coming to the CPF-IS according to The Straits Times’s Government to review CPF Investment Scheme: DPM Tharman.

Wow… According to the article, 80% of the people cannot earn even higher than 2.5% of the basic CPF OA interest and nearly 45% of CPF-IS had losses over same period. What!!!

Thursday, 1 September 2016

August 2016 Portfolio

Hi guys,

August is here and I am halfway through my second semester of my studies. Manage to score pretty well for my first semester and is currently on track to complete the entire course by July next year.

Over the month of August, there was no transaction made to the portfolio. Decision was made to observe the market both Singapore and US on any potential crashes. Logic is quite simple. I do not feel comfortable increasing positions when the I have no idea where the market is going since it is at an all-time highs. Given the passive nature and time commitment I have assumed since I started my studies earlier this year, I would rather average down on my cost than average up so it would be unlikely that I would add any counters or positions when the market is increasing.

Wednesday, 3 August 2016

Dividend portfolio July 2016


Hi guys,

For the last few months, I have been investing in some Singapore dividend stocks purely for the dividends. The reason for going into Singapore market is basically to achieve the dream of having a passive income to supplement my income someday so that my loved ones and I can be financially free.

Wednesday, 27 July 2016

Just some thoughts on the games at NUS camps

So recently there have been many stories of the games in NUS camps being increasingly sexualised. The thing is, no one actually forced anyone to do anything they do not want to do. Who can the students blame or do they need a lesson on making choices?

Tuesday, 5 July 2016

Standard Chartered New Bonus$aver vs OCBC 360

Competition is tough in the world of personal banking. Just last month, Standard Chartered extended their Bonus$aver interest of 1.88%p.a. to the first $100,000 if you spend more than $2000 while decreasing the interest to 0.88% if you spend $500-1999.99. I wrote about the announcement in a previous post and today I’m going to write about their new Bonus$aver deal.




Thursday, 23 June 2016

The cost of hospitalization!

Everyone knows that healthcare in Singapore can be very costly, but how many of us are actually adequately covered when we are hospitalized? When was the last time you reviewed your hospitalization policy?

When I was still young, my mother had already bought plenty of insurance for me at that time. Since then she has been paying the insurance premium in my behalf. 2 years ago, I was interested in the area after a chance encounter at a seminar and took a look at the plans. That’s when I realized that I was covered with a whole life insurance, hospitalization and an endowment plan among other plans. After further review, I realized that some of the policies did not make sense and had to go. I had meet up sessions with some of my insurance friends and learnt about the different products in the market from them.

Hospitalization is an important item which one must definitely have. I say this because I work in the healthcare industry and I have seen how financial issues can affect the lives of patients and their family. An admission to a general B1 ward in a government restructured hospital can easily cost $198 - $240 per day (obtained from various major hospital websites) and this amount only puts your name on the bed and does not include any treatment or medication fees. This means that if you have to stay in the hospital for 7 days, it would translate to $1386 - $1680 just for the bed.

Wednesday, 8 June 2016

Changes in SCB Bonus$aver Account

Today I came back from work and saw a letter addressed to me on my table. First impression was that it was from Standard Chartered because of the envelop it was sent in. I read the content and had to re-read the content a second time just to ensure my eyes were not playing a trick on me. The content of the letter is as below:


After such a “flexible” change in rates, you can expect me to terminate my account after June and move my funds into another bank with better rates such as the OCBC 360 of which I've been getting 1.75% easily. Thanks SCB for the 1.88% for the last few years.

Investing Wolf 

Disclaimer: This is not a recommendation to buy or sell any mentioned stocks or securities in this blog. 


Tuesday, 17 May 2016

May 2016


Month of May

Well, we are now at the 5th month of 2016. I am still amazed at how fast this year have seemed to have passed by. I realised I have not been posting monthly as previously mentioned… my only justification was that I was super busy with rushing out my degree essays. It is very tough to have to work full time and continue to rush out essays and presentations part time while keeping up to date with the daily financial news. I am so glad that the first 2 modules of my degree modules are about to be completed.

Although I have not been very involved in the financial markets (in terms of opening and closing option positions), I have been looking into Dividend investing in Singapore stocks. Reason? I have spare cash sitting around. Back when me and my girlfriend opened a joint Bonus$aver account earning 1.88%pa from Standard Chartered, I had intended to send the first 2 years of savings into the US markets and the rest will be used to purchase dividend stocks in Singapore. It was god sent that the USD/SGD rate was low back when I sent the money overseas. Now it has climbed to SGD$1.37/USD$1. 

It was also that I just recently realised that the account had exceeded the 25k limit of the bonus interest since last year… meaning whatever excess in the account was just earning a small 0.1%pa… What!!! That’s a waste of the potential of my money. They could be doing so much more that a 0.1%pa…