Life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
Friday, January 27, 2017
Happy Chinese New Year
Thursday, January 26, 2017
1st guest post from Ted of Redbrick
Buying a HDB flat for the first time can be an intimidating experience. It’s probably the first big ticket purchase in your life that will take the next couple of decades to pay off, so you’d definitely want to rake in as much savings as you can.
Perhaps you have not really thought about what kind of loan to take up. If you don’t already know, you have a choice between taking up a HDB or bank loan, as long as you are eligible for them.
You might want to hold on to your cash and pay off your home loans using your CPF, but did you know that taking up a bank loan allows you to pay less interest? This is because bank interest rates are lower as compared to the CPF Ordinary Account (OA) interest rate which home loans are pegged to.
And while the down payment required to take up a bank loan may be higher – at 20%, with at least 5% paid in cash as compared to 10% with a HDB loan, fully payable with your CPF –you get to enjoy greater flexibility in retaining your savings in your CPF OA. Conversely, upon the collection of keys to your new home, HDB will wipe out your CPF OA balance to reduce the loan quantum required for you to service.
In the following infographic, we run through the main factors to consider while taking up a home loan for your HDB flat, and the main differences between taking up a HDB loan and a bank loan.
To find out more about taking up a bank loan vs. a HDB loan, refer to our full guide at http://www.redbrick.sg/blog/home-loan-singapore-ultimate-guide/
The team at Redbrick Mortgage Advisory has more than 60 years of banking experience and is proficient in structuring and sourcing for the best financing terms for both residential and commercial real estate in Singapore, Malaysia, USA, UK, Japan, Thailand and Australia.
Tuesday, January 24, 2017
Coporate announcement: Portfolio update
Sunday, January 22, 2017
Friday, January 13, 2017
Random thoughts: Annual Report 2016 Sillyinvestor Inc
Dear readers, the theme in 2016 is surviving in a volatile world. There are 2 shocker news: first Brexit and next Trump's election. But the market survived and blossom.
We are proud to announce we have grow from strength to strength. The company manage a dividend of $3849 in 2016, from a capital base of about $57000, giving a yield of about 6.5%. This is a 2.5% improvement in yield and 40% increase in dividend.
However, trading profits is flat or negligible. The small profits in 1H was gone as we increase cash by taking a loss of Lippomall.
However, as compared to a year ago, where the vested amount is 15% lower than market value, we now have a equity portfolio that is 3% in the green. As mentioned in 1H intern report, we are going to include cash in the calculation of our portfolio. Hence the total portfolio size increase 13% to 85K, where 35 K is cash.
As a result, there is a drag in total returns over total asset, which is only an return of 4.4%. The return of STI's dividend yield better at 6% with the STI asset value flat. While we did better and improve our performance compared to a year ago, our performance is sub-par and we will continue to improve ourselves.
It is the management's wish to be conservative in the years ahead. We do not buy Trumpocomics. We believe there are many perilous moments in the calendar 2017. We might further increase cash holding beyond the optimal 50% if the price is right for us to further liquid our portfolio. Beyond heightened political tensions, possible trade conflicts, and terrorist risks, the fate of Euro is a question mark if we look at the coming elections of major Euro countries. Of course, we do not pretend to know how the market will react to these event, just like the market rallied instead of falling post-Brexit and Post-Trump.
The sponsor and founder of company, greenrookie is confident of cashflow, pending unforeseen circumstances, and has pledge to continue with cash injection in 2017. As and when it happens, the company look forward to manage the expanded portfolio but will conservative in the deployment of cash into equity.
Appreciation to readers:
This is a year of readers' activism. The management met up with several bloggers and exchange various investment views. Hence, the management has decided to declare a maiden "coffee treat" to future meet-up, if any. Although management is on course, he might be able to do Wednesday or Friday lunch at the Jurong area from 1230 - 2 p.m. LOL.
While the management's main focus is still dividends, management will not hesitate to sell off profitable companies. The worst performing counter is still Sembcorp Industries followed by Lee metals. The best performing counter is Venture.
CM pacific is privatised, and we added YZJ and SIngpost to our portfolio. We view both counters to be company with growth potential for different reasons.
We sold M1, Lippomall trust, Sembcorp Industries, ST engineering and Silverlake axis for varying loss and the gain came solely from Cogent, excluding the privatisation profits of CM pacific.
It finally crosses the threshold of $150. Company see this segment as negligible and might stop reporting its numbers. Although readership has somewhat increased compared to a year ago, the company see no future growth drivers in this area since the management after much deliberation has decided to reject attempts at affiliation links.
There is no difference to the beneficiaries we are adopting and the sum donated remained the same. With the change in credit card, there might be some temporary disruption to Sasco
Thursday, January 12, 2017
Random thoughts: Becoming a student again
It is just a week, and I think I am a even hardworking student than when I am a undergrad. LOL. I really miss the reading. I went back to level 4 of the library, sit beside the window, the actual spot where I used to mug for exams. I already read 3-4 books although I did not completely read them.
Walking around the campus, it didn't change much except for the spanking new F&B block near block 1 of NTU. It is really a time to "smell the roses". Nope, I didn't actually have more time at hand, I still did some work at night, but there is minimal stress.
It felt like it was only yesterday that I was here, but when I look at the pupils at NTU, I thought: how good it is to be young. I am not so sure whether it is coincident or what, but the conversations that I overheard seem to always revolve around money, the salary or the expense or cost of this and that. Didn't remember doing that when I as studying.
I meet aspiring teacher and downright incompetent ones. LOL My teacher could not take off his jacket because his there is degeneration of tendons, yet he teaches passionately.
I miss my pupils quite a lot, but really glad I need not be caught in the scary typhoon of work.
One of these days, I must go eat swensen and enjoy the student's discount! LOL
Wednesday, January 11, 2017
Random thoughts: Risk-reward profile by considerations and assumptions.
Saturday, January 7, 2017
Singpost: 2nd catalyst and 3rd catalyst
Monday, January 2, 2017