Saturday, 4 November 2017

Nov 2017

So… It’s been a while since my last post. Here’s an update on myself and my financial journey. Holiday in Gold Coast was very memorable as we got to try out skydiving in Brisbane, hot air ballooning, theme park visits (weather was cold, so there was hardly anyone in any of the theme parks), visited O'Reilly Hinterland tour, Harbour Town Outlet shopping and drove to Byron Bay Lighthouse for the sunrise. What a beautiful location for an engagement site. :P.

Wednesday, 2 August 2017

Aug 2017


The graduation date has been confirmed and the trip to Down Under settled. Overall, I think we all deserved a long holiday for me to relax after completing my degree and for my GF who has been so supportive and tolerating my nonsense throughout this period.

Image result for down under

This is also her first trip to Australia… If you looked at the activities we planned, I would say it crossed out a lot of items in the bucket list. I even bought a new 4k camera as an investment for this and future trips. Will be posting some of the photos here when all is done.

Recently attended an options workshop and really hope to utilize the learnings to boost earnings to be able to generate monthly income. GF also attended her long-awaited Internet Marketing workshop. So proud that she finally committed to doing something other than playing computer games (I’m also partially guilty coz I am also playing games on my tablet and phone).

The camera, trip and the workshops combined burnt a hole in our pockets… don’t think we would be spending huge amounts any time soon.

In my SG account: No transactions. (Generally think the market is too high and not worth any entry at the moment. A CRASH would entice me for a relook into the stock market.)

My current SG Cash holdings include:
Overall capital gain is +4.26%
Overall P&L with dividend is +17.12%

In my US account: In July, I’ve been selling some contracts in crude oil and corns.
Overall P&L YTD is +19.34%

Investing Wolf 

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

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

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


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.