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…