Thursday, 6 December 2018

Dec 2018

I have not been posting anything for a couple of reason. Up till today, I’m still coughing non-stop. Following the news, the trade war has finally got a truce from the 2 superpowers but the most surprising new was the liquidation of OptionSellers. They were the reason I started with futures options and to see that they lost everything because of naked selling, kind of reminds me the earlier days of my journey when I risked a lot doing naked trades. Lucky for me, it didn’t end my account. Since the huge loss years ago, I’ve not ventured into naked options again (even though it initially gave me the ability to double my account only to be reduced to 50% of my original account). Spreads are still my preferred instrument as it allows me to sleep comfortably at night without worrying too much.

Tuesday, 2 October 2018

Should we change to OCBC 360 with their new terms?


I’m sure by now many would have known about the upcoming changes to the OCBC 360 terms effective from 1st Nov 2018 for all new and existing customers. If you have no idea yet, OCBC is updating their 360 account structure and you can read about it here.


Here is a comparison on the current and updated structure of my previously beloved OCBC 360 account (currently uses Bank of China as holding ground for my emergency funds).

Wednesday, 5 September 2018

Sept 2018


Aug was pretty boring also. So boring in fact, that I went and enrolled in a basic photography class. This decision was due to the fact that during the family trip in April - May, some of the photos were not taken to satisfaction. I'm glad I enrolled as the instructor gave many useful tips on how to use the different camera modes. I was also able to take several photos which I really liked during the class. 
This would most certainly prepare me for the upcoming Singapore Grand Prix, my annual cruise trip with Royal Caribbean and the upcoming Disney Christmas lights at Orchard Road. The class was entirely paid for with SkillsFuture Credits so I didn't have to fork out a single cent. Whoopee!!!

In Aug, I also transferred some of my CPF OA to CPF SA to earn the higher rate of interest since there is nothing interesting to buy. This move was prompted in part because I saw the accrued interest on my property at over $600 when my initial 5% downpayment was only $9k (I have not been checking my CPF statements often). The accrued interest would only go higher and thus I needed my money to work harder. The interest in OA (2.5%) is not comparable to SA (4%). The news also came from the government that homeowners can retain $20,000 in their OA when taking HDB loan to provide for more flexibility. More importantly, because of this news, it allows homeowners like me to keep the $20k in my account to grow at 3.5% (for the first $20k only) and reduces the amount to generate the accrued interest which is 2.6%. 

In my SG account: Nothing interesting caught my attention in Aug. The companies are still not as attractive as I would like them to be.
Dividends from SBS and Lippo came in at the end of Aug. Still expecting Aims to send me my money in late Sept.

My current SG Cash holdings include:
1) ACCORDIA GOLF TRUST 
2) LIPPO MALLS INDO RETAIL TRUST 
3) AIMS AMP CAP INDUSTRIAL REIT
4) SBS TRANSIT

Overall capital gain:                -4.29%
Overall P&L with dividend:   +8.63%

In my US account: Last month I mentioned that I did some repairs on my positions. Due to the reversal, all my repairs went into the green and I closed them early for the profit. No point earning minimal credit while risking entire positions. This means that I have cash lying around while I look for opportunities.

So far, I’m holding a position in gold expiring in Oct.


Investing Wolf 

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

Tuesday, 14 August 2018

Aug 2018

Nothing noteworthy comes to mind for the month of July except for the famous Facebook earnings plunge (not that I’m invested in Facebook or anything). Other than that, it’s been a pretty smooth month. Haven been trying to get down to my photo editing for my family trip since May… OMG, I’m a procrastinator!

On the other hand, I’ve recently taken on more tasks in the various committee I am involved in. I’ve also restarted reading financial books (opening a book and reading usually cause me to sleep almost immediately).

In my SG account: I picked up some SBS Transit in July after they had a drop and most importantly, they fit my criteria of increasing dividends, net income and cash flow. What’s not to like about the only other public transport company other than SMRT which have been privatized.
No dividends collected in July but I’m expecting some from AA REIT, SBS and Lippo REIT in Aug though.

Saturday, 23 June 2018

Comparison of SIM-Only vs Corporate Plan

I previously made a post comparing the telco’s SIM-only plan against their regular plans. After showing it to many of my colleagues, many were interested to know if the plans were comparable after factoring in the recontract period and corporate discounts. Since MyRepublic just came out with their new plans, I figured that it deserves another look to see which is better (also because 1 of my phone plan is coming due soon).

For this exercise, I’ve prepared some parameters to make it a near similar comparison and all the plans are calculated to Price/Gb/month. This means that the lesser you pay per Gb per month, the more value you are getting. 
  1. Data is more important than anything else.
  2. A corporate discount of 30% is used if applicable to the plan.
  3. Talk time, SMSes and promotional/weekend data are excluded from the comparison.
  4. Must have some degree of talk time although remarks will state if additional purchase for SMS is required.
  5. Plans with no contract will be adjusted to 20 months to make it similar to the shortest recontract period.
  6. 12months SIM-only contracts are adjusted to 24 months as it is closest to 20 months.
  7. A new and sealed Samsung S9 64Gb (with a 1-year warranty) from the telco or reputable Carousell sellers with a physical shop (currently available at $840) is used for the phone comparison portion.

Friday, 15 June 2018

Jun 2018

It’s been a while since I’ve written on my financial journey. While I’m occupied by personal matters, I find the Singapore market more and more attractive. Given that we just went past the 200-day moving average (MA), it’s a good time to look at stocks for the long term.
In my SG account: I recently bought more shares of STI ETF using my CPF-IS as the market went below the 200MA and will be looking to accumulate more shares if it continues to go down. I’ve also been looking at Singapore companies which have been increasing dividends, consistent net income and close to/under book value for the past few years. These are just some of the things I look at when researching a company.

I also collected some dividends from my holdings in May and Jun. Currently looking at some companies selling at a discount!

Friday, 9 March 2018

The time of the Sim Only Contracts is here!


I have wanted to switch phones for a while now as I realised the benefits of using a Sim only contract. However, I did not like Apple’s iPhone (never liked it due to lack of customization) or the Samsung’s S8 (weird sensor placement). When the S9 was introduced, I was sold… this is a phone which is a step up from my current S7 Edge. Also, primarily because the screen protector was failing, and I didn’t want to buy another one to replace it due to its age. Buying an S9+ was tempting, but it was just too much money to spend for an additional camera (which I would not use regularly), a slightly bigger battery, bigger RAM, and a bigger screen. Also, I didn’t like how far the power button was from my thumb as I held it in my hands.

When the SG retail price came out, I did a bit of comparison and realised that buying a phone outright from Samsung and switching to a Sim only contract was a better deal. Here’s a worksheet for my comparisons…

Given that data is what everyone uses these days and I generally don’t like to call / sms anyone other than Whatsapp (hence I won’t be comparing talk time / SMSs), here are the details of my comparison.

For basic data usage only

Singtel Combo 3
Singtel Sim only
M1 Lite+
M1      Sim only
Starhub XS
Starhub Sim only
Data GB
3
5
3
5
3
6
Contract price
$68.90
$20.00
$42.00
$20.00
$48.00
$24.00
Phone price
$498.00
$1,198.00
$848.00
$1,198.00
$799.00
$1,198.00
Overall price
$2,151.60
$1,678.00
$1,856.00
$1,678.00
$1,951.00
$1,774.00
Price / Gb/ Mth
$29.88
$13.98
$25.78
$13.98
$27.10
$12.32

For low moderate data usage

Singtel Combo 3
Singtel Sim only
M1 Reg
M1      Sim only
Starhub S
Starhub Sim only
Data GB
3
5
4
5
4
6
Contract price
$68.90
$20.00
$62.00
$20.00
$68.00
$24.00
Phone price
$498.00
$1,198.00
$548.00
$1,198.00
$499.00
$1,198.00
Overall price
$2,151.60
$1,678.00
$2,036.00
$1,678.00
$2,131.00
$1,774.00
Price / Gb/ Mth
$29.88
$13.98
$21.21
$13.98
$22.20
$12.32

For moderate data usage

Singtel Combo 6
Singtel Sim only
M1 Reg+
M1      Sim only
Starhub M
Starhub Sim only
Data GB
6
5
5
5
5
6
Contract price
$95.90
$20.00
$82.00
$20.00
$88.00
$24.00
Phone price
$298.00
$1,198.00
$448.00
$1,198.00
$399.00
$1,198.00
Overall price
$2,599.60
$1,678.00
$2,416.00
$1,678.00
$2,511.00
$1,774.00
Price / Gb/ Mth
$18.05
$13.98
$20.13
$13.98
$20.93
$12.32

For high data usage

Singtel Combo 12
Singtel Sim only
M1 Max+
M1      Sim only
Starhub XL
Starhub Sim only
Data GB
12
10
13
15
15
16
Contract price
$239.90
$36.05
$228.00
$40.00
$238.00
$54.00
Phone price
$128.00
$1,198.00
$248.00
$1,198.00
$99.00
$1,198.00
Overall price
$5,885.60
$2,063.20
$5,720.00
$2,158.00
$5,811.00
$2,494.00
Price / Gb/ Mth
$20.44
$8.60
$18.33
$5.99
$16.14
$6.49

For those who just stream videos all day long

Singtel Sim only
M1      Sim only
M1      Sim only
Starhub Sim only
Data GB
35
30
Unlimited
30
Contract price
$62.80
$50.00
$98.00
$119.00
Phone price
$1,198.00
$1,198.00
$1,198.00
$1,198.00
Overall price
$2,705.20
$2,398.00
$3,550.00
$4,054.00
Price / Gb/ Mth
$3.22
$3.33
Unmeasurable
$5.63

As you can see, with the introduction of Sim only 12-month contracts from major telcos, you have a better option to save money over the long term. Granted you must recontract every 12 months instead of the usual 21-24 months, the savings are substantial. I won’t be comparing Circles Life or Zero Mobile or My Republic in this post but you can compare their prices with the prices above to make your own judgements. Hope you guys enjoy what you see. Do let me know if there are any discrepancies in the numbers.

Investing Wolf 
Disclaimer: This is not a recommendation to buy or sell any mentioned stocks or securities in this blog. The above is all my own opinion and no one else’s.