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.

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.