October is not a good month for me as there are a sea of red inside my portfolio. I am actually still facing a paper loss of $9,000 at the point of time this post is written. Losses mainly comes from the IHC after the correction from $0.295 to $0.091 on last traded.
I felt that money had become smaller in my eyes, perhaps I am numb or I had became more matured I don't really know. There's a thing that I didn't realised earlier...
I ACTUALLY HIT MY FIRST $100K IN OCTOBER! goal checked!
on 16 November, I will be taking my Class 2A TP test, wish me luck!!
Recent Actions since last Update:
29 Sep - Bought 150,000 shares of IHC at $0.085
21 Oct - Sold all 70,000 shares of Nam Lee Metal at $0.295
23 Oct - Bought 10,700 shares Kingsmen Creative at $0.785
3 Nov - Acquired 3,100 Rights Issue from Croesus Retail Trust at $0.61
3 Nov - Bought 5,000 Shares of Aims Amp Capital at $1.40 (not sure whether I managed to get the dividends or not)
6 Nov - Sold all 13,100 shares Croesus Retail Trust at $0.825
6 Nov - Queued for 7,000 shares of Aims Amp Capital at $1.35
Till next post!
Saturday 7 November 2015
Tuesday 15 September 2015
I Was Literally Broke
Luckily I have my friend borrowed me some cash for me to storm over that 2 weeks. It's kind of interesting to have put myself into such deep shit this time though.
Reasons why I was poor:
1) Gungho investing (I used 60% of my salary for investment)
2) I went to restaurant several times during last month
3) Borrowed some money to my friends.
Today, I went to Standard Chartered Bank to open a e-Savers account so that I could apply for the online trading via the bank, I had enough and now I am quite sick and tired of the $25 minimum trading fee. So, that made me decided to leave it running on its own free wheeling from now onwards.
During these period while everything is dropping, I would be adopting the 'Drop More Buy More' strategy. Looking at it I would be splashing in a huge percentile of my income into the pit. No emergency funds, no mercy.
I think that this way is the best way I can quickly grow my wealth so as to get out of the rat race fast. I am aiming for $100k portfolio by this year end. Currently my portfolio is worth $91,195 I have another $8k to contribute to my retirement stocks account. I am quite happy to see that I am actually in the fast track ahead of my projections since my first post in this blog which is shown below.
What about you? Are you as reckless as me?
My 5 Year Target Projection
| Year | Initial Capital | Annual Dividends (6%) | Annual Injection | Cumulative Injection | Total | Monthly Passive Income | ||
| 2017 | $98,316.00 | $5,898.96 | $15,000.00 | $20,898.96 | $119,214.96 | $491.58 | ||
| 2018 | $119,214.96 | $7,152.90 | $15,000.00 | $22,152.90 | $141,367.86 | $596.07 | ||
| 2019 | $141,367.86 | $8,482.07 | $15,000.00 | $23,482.07 | $164,849.93 |
$706.84
|
Sunday 9 August 2015
Portfolio Update [10 Aug 2015]
Total Dividends (2015): $1417.30
Average Monthly Dividends: $118.10
I will be receiving total dividend of $417.80 in August from:
- Keppel Corp: $132
- M1: $210
- Semb Corp: $50
- Starhill Global: $25.80
New Addition:
- Accordia Golf Trust
In addition, I've finally decided to stop my endowment plan after some thoughts. I received $11k and forfeited $8k of my savings due to penalty of early termination. Nothing to regret about, As I have better plans using these fund to do something else.
At least now I don't have to "pay" $500 per month for the next 10 years or so.
Thursday 2 July 2015
Portfolio Update caa 02 Jul 15
Dear All!
It's been a long time since I blogged, even some had already questioned me what I am doing. In my last post, I was sharing about holding back in the markets while waiting for the right time to strike. However, the temptations still beats my will power. Although I didn't post during this period, I still read on most of the new posts under my blog list to get inspirations.
Below are all transactions that I've made during May and Jun period:
New Entries
5/5 Nam Lee Metal 70000 shares at $0.290 ($20,300)
8/5 M1 Limited 3000 shares at $3.50 ($10,500)
5/6 IHC 38000 shares at $0.290 ($11,020)
Total Injection: $41,820
Total Accumulated Dividends for 2015: $1417.30
Honestly for Nam Lee Metal, I followed B's purchase after reading his analysis which can be found here. M1 shares on Dividend Warrior's post here. And lastly for IHC, some insider's news.
My 5 Year Target Projection
| Year | Initial Capital | Annual Dividends (6%) | Annual Injection | Cumulative Injection | Total | Monthly Passive Income | ||
| 2015 | $60,000.00 | $3,600.00 | $15,000.00 | $18,600.00 | $78,600.00 | $300.00 | ||
| 2016 | $78,600.00 | $4,716.00 | $15,000.00 | $19,716.00 | $98,316.00 | $393.00 | ||
| 2017 | $98,316.00 | $5,898.96 | $15,000.00 | $20,898.96 | $119,214.96 | $491.58 | ||
| 2018 | $119,214.96 | $7,152.90 | $15,000.00 | $22,152.90 | $141,367.86 | $596.07 | ||
| 2019 | $141,367.86 | $8,482.07 | $15,000.00 | $23,482.07 | $164,849.93 | $706.84 | ||
With the poor performance of STI of last few weeks my Stock worth is $73,693 as at today, I am pretty satisfied that I am already hitting my projection for 2015 under the weaken market. I am looking to surpass my projection with a kick start in 2015.
Brvoom, till next post!
Wednesday 15 April 2015
Diversify! (load the bugger!)
Actions Done!
Sold
1) Aims Amp Capital Industrial REIT 10000 shares at $1.50
2) Cache Logistics Trust 5000 shares at $1.19
3) Frasers Centerpoint Trust 4000 shares at $2.07
Additional cash loaded for Stock Crash War = $29230 (not inclusive of broker fees)
Still Pending
1) Croesus Retail Trust 10000 shares at $0.96
Seeing the stocks is skyrocketing so high, i must not be greedy anymore and be contented with what i already gained. now i am fearful when so much ppl are greedy.
Tuesday 31 March 2015
Cashing In my Portfolio
Earlier, I mentioned about the uncertainty and fear of Global Financial Crisis which nobody knows when that day will arrive.
Today I collected my last dividends of this quarter, they are namely: Aimsamp ($283) and Croesus($250).
And I have put in queue a few counters which I want to Realise It's Gain:
I will be starting to turn more of my holdings back into cash and wait for the D-Day to arrive.
Warren Buffet once said "waiting is the most difficult thing" but once that day come, you know you will be king..!
Today I collected my last dividends of this quarter, they are namely: Aimsamp ($283) and Croesus($250).
And I have put in queue a few counters which I want to Realise It's Gain:
I will be starting to turn more of my holdings back into cash and wait for the D-Day to arrive.
Warren Buffet once said "waiting is the most difficult thing" but once that day come, you know you will be king..!
Saturday 21 March 2015
Trying to Make Some Money From Carousell
I recently found a website called Carousell as I was looking for a bike last month.
I thought it is time I can clear some of the things that i am not using anymore to others who wishes to own it but find it too expensive in the retail markets.
Currently, I have listed 22 items consisting of Clothes, Toys, Books and other Misc Items in it.
These money would be used for my investments.
Hope you guys can take a look there seriously you might find what you want from me.
Visit: https://carousell.com/jfree87/ to view.
Thanks!
Friday 6 March 2015
My New Girlfriend
Hello I have bought a new bike last week!
It had been a good ride, most importantly it's a steal!
The owner of the bike is selling it at $6.5k 7 years COE left (market price is $8k). As I have the power to buy it in full, I bought it immediately without a second thought.
I will be going to take my class 2A license very soon and will upgrade to Honda Super Four Spec 3 and that will be my wife (current one is only my girlfriend) and selling this bike away at $7.5k as this bike has high demands in the market now.
Additional Expenses:
Insurance -$298 per year
Road Tax - $64 per year
Parking - $30 per month
Petrol - $60 per month
Replace Engine Oil - $50 per 5000km
Change Air Filter - $50 per year
Pros:
More quality sleeping time
Leave home later, reach home earlier (work)
More flexibility in travelling
Confirm can be sold at $7.5k after a year ($1k profit)
Cons:
Reading time from public transport
Rainy weather
Risk to road accidents
Higher expenses
Some pictures of my new girlfriend Yamaha FZ16
It had been a good ride, most importantly it's a steal!
The owner of the bike is selling it at $6.5k 7 years COE left (market price is $8k). As I have the power to buy it in full, I bought it immediately without a second thought.
I will be going to take my class 2A license very soon and will upgrade to Honda Super Four Spec 3 and that will be my wife (current one is only my girlfriend) and selling this bike away at $7.5k as this bike has high demands in the market now.
Additional Expenses:
Insurance -$298 per year
Road Tax - $64 per year
Parking - $30 per month
Petrol - $60 per month
Replace Engine Oil - $50 per 5000km
Change Air Filter - $50 per year
Pros:
More quality sleeping time
Leave home later, reach home earlier (work)
More flexibility in travelling
Confirm can be sold at $7.5k after a year ($1k profit)
Cons:
Reading time from public transport
Rainy weather
Risk to road accidents
Higher expenses
Some pictures of my new girlfriend Yamaha FZ16
Friday 27 February 2015
Dividends Day!
It always make one smile when there is a dividend income coming to you out of nothing but thin air while you are doing nothing.
Dividends Received:
Cache Log: $107.30
Fraser Centerpoint Trust: $110.00
Starhill Global: $25.80
This is the first dividends I've received for year 2015. Amounting to $243.10, this is only 8.1% of my targeted sum of $3000pa which means I'm still waiting for bigger payouts from other stocks counter.
The next set of announced dividends so far:
Aims Amp Capital (26 Mar 15): $283.00
Croesus Retail (31 Mar 15): $250.00
Keppel Corp (6 May 15): $396.00
Semb Corp (18 May 15): $110.00
I've updated my portfolio tracker to see a total dividends received to date of $1911.20 And paper gains amounting to $698.99. since I started investing in Aug 2014.
While I am happy doing calculations about how much have I gained so far, It's also in my considerations to liquidate my stocks holdings back into cash with the speculation and fear of the arrival of Global Financial Crisis (GFC) that might be coming any time within these few years. We will see a sea of red in the figures when that arrives.
Say, you know that sharks will be coming to feed their hunger. What would you do?
1) Continue swimming in the sea.
2) Swim at the shallow water near the beach.
3) Don't go near water at all.
Friday 20 February 2015
The Clash Of Clans Investment Strategy
Hello cool peoples!
As inspirations/intuitions can come to a person when something is done, seen or heard. For my instance, playing Clash of Clans makes me reflect on how life currently is and how to change the fact of it. Now I will illustrate how this game can be correlated to our daily investments decision making. I will do my utmost best to make this post as interesting as I could.
Town Hall:
This is your Age/Economy. When you are young, things are cheap. You start with a with 1 or 2 barracks and few resources collectors, which you will use for battle to earn more resources for yourself to upgrade stuffs in the game. As your town hall level go higher, things become more and more expensive to upgrade. However, you can earn more resources from more of your higher resource collectors and finding richer opponent to attack.
Gold Mines:
This is your Passive Income (money you earn while doing nothing). When you are a kid, your parents provide you pocket money to spend for lunch break. Children does not realise about the importance of passive money because they doesn't need to worry much. Sometimes people realises that passive income is important while some will put it into their bank, waiting for main income to fill them up.
Gold Storage:
This is your Savings Account. A person cannot be bringing bag filled with a million dollar to walk with them every time. They need to put it into the bank, which is safe (not totally). Because money doesn't nothing in the bank unless you are accumulating it till it's enough for you to buy something you want or need.
Today, banks aren't safe anymore. You lose money when you put money into your savings account for over time, why? Because it doesn't fight inflation over time when interest rate rises, things gets more expensive, putting too much money in the bank is really not idea unless you are saving to buy something. You even have a chance to get robbed by others if you are not careful.
This is your Career/Business. In Clash of Clans, this the most common way to get resources and also to fill your bank with money so that you could use to do various things like:
Upgrading troops/spells in Laboratory for stronger troops and spells = Going from elementary schools to tertiary for a piece of regular paper, going for courses or buying reading materials to gain knowledge.
Upgrading your Army Camp to hire more soldiers to fight for you = Expanding your business bigger.
Upgrading your Gold Mines for more passive incomes = Acquiring assets such as Property, Stocks or Bonds, Commodities or Building a Business.
Although at times, things just doesn't happen the way you wanted. While some say, it is inevitable to experience failures, failing is one of the steps to become successful. Ultimately, one has to more on after failing isn't it.
What we could is do to be like 'Ants' which kept going and never stop building their own colony. Re-strategise your base layout, build stronger defences, place strategic traps and hope for the best. Learn from the previous mistake and move on.
Continue search and defeating stronger opponents. Keep your building upgraded one by one regardless how long it takes. Continue to search and unveil hidden opportunities in the world.
Thursday 12 February 2015
Recent Updates
Hello and it has been a peak for me due to work.
As usual, I would make a habit to take out my book to read inside bus until I reach my destination. Although at times I would close the book and fall asleep, the reading in public transport journey has been an enriching one.
I've put the reading of 'The Power of Habit' on hold for now because it is quite technical (like what B commented before). So, I switched to another book after spending nearly 1 hour in Popular bookstore browsing every books in the Business and Finance shelves before I deciding to get this book called 'Millionaire Teacher' a few days ago.
This book is written by a private school teacher who became millionaire in his early 30s. Andrew Hallam shares his experiences through easy-to-read English using humorous descriptive words. That is really something that can keep me awake throughout my bus journeys. Once again, reading has been a pleasure to me since I started investing, I must say there's not once in my life that I have been so curious and interested in pursuing further knowledge in anything before. I'm happy and glad to see myself doing these now.
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I've also started playing a game called 'Tap Titan' where you are hero who attacks big monsters from each tap on your handphone screen, earning gold to level up yourself and hire cute allies to go through stages together. When your main character reaches level 600, you can choose to use the skill 'Prestige' to restart the game fresh from the start only keeping the Artifacts you gained with you with passive boosts. Making the next run be able to go further. This gaming experience is infinite as the game will never end. Making a good time killing app especially the with the fact that it is an offline game which doesn't require any internet connections to play.
Just a silly thought, what if we can choose to 'Prestige' our life back to the beginning with artifacts that 'Increase gold gained by 200%'. Hmmm......
Next thing to update is that I've finally have a consultant (who is my friend Tommy) for my Prudential endowment policy. It really sucked that I can't reduce the monthly premium that I would have to 'save' for the the next 11 years. At least to ease things, Tommy gave a few suggestion and ultimately I think getting yearly cash back is still better than to surrender and forgo my money to Prudential for the next 11 years.
The yearly cash back cheque would be used to facilitate my monthly 'savings' to the endowment plan. which averages to $270 going out of my pocket per month rather than $500.
Valentines Day is around the week, how are you going to celebrate with your love one? I would be working :`(
Sunday 1 February 2015
Another Goal Reached
Yeah!
New goal accomplished!
Reading 5 Books - Checked :)
I've never felt so interested in learning things!
My #6 book will be The Power of Habit by Charles Duhigg as seen in B's blog. the title of this book seems logical, lets see how this book can educate me in changing my daily habits that will greatly affect 'tomorrow'.
New goal accomplished!
Reading 5 Books - Checked :)
I've never felt so interested in learning things!
My #6 book will be The Power of Habit by Charles Duhigg as seen in B's blog. the title of this book seems logical, lets see how this book can educate me in changing my daily habits that will greatly affect 'tomorrow'.
Friday 30 January 2015
Portfolio January 2015
Month End Portfolio Update:
Actions for this month, I had sold off Capitamall Trust to get Keppel Corp to diversify my REIT holding to another hot growth prospect (read more here). Having to realise a profit of $967.74 from paper gains in Capitamall Trust, which I am very happy about.
Date Type Stock Transacted Units Transacted Price (per unit)
19. January 2015 Buy Keppel Corp 1100 $8.10
21. January 2015 Sell CapitaMall Trust 4000 $2.18
Biggest Winner:
Keppel Corp - I bought this share 2 weeks ago at a price of $8.10 and then 2 days later. Keppel Corp decided to privatise Keppel REIT which had caused KC price to go up averagely $0.10 everyday due to the rebalancing of total net worth. I must say that I am very lucky to get this deal at the before the privatising announcement. (luck plays a small part)
Biggest Loser:
Ascendas Hospitality Trust - This high dividend yielding share was introduced by my friend (he vested in it as well) when I first started investing in August 2014. The share price was constantly dipping in the few recent month due to various factors. What I can do now is to wait for the dividends first and see if things would change then before deciding to cut loss from this counter and inject that capital into another counter.
Announced Dividends:
Feb 15
27 - Cache $107.30
27 - FCT $110.00
27 - Starhill $25.80
Mar 15
26 - Aimsaimp $283.00
Last year, in my Total Gain/Loss column reflected in the spreadsheet above was most in red. I'm seeing a positive gain currently from most of my stock holdings now. How I wish that I started this earlier when I already have savings sitting in the savings account where the share prices were so much better. Despite not having that kick start, I'm glad that I am on track now.
Cheers
Jeffrey
Saturday 24 January 2015
My Feel - Fraser Centrepoint Trust (FCT)
CAR STORY
Today had been a long day for accompanying my friend to service his car at Hyundai Servicing Centre at Alexandra Road (Tiong Bahru area). We reached at 10.30am and had to wait until 4pm to have his car serviced. According to him, every car must be serviced for every 10,000 km distance travelled. During the servicing, the administration rep would try to sell things saying "you need to change your battery" and stuffs like this. I don't recommend changing anything there other than doing basic servicing. Because the price is hiked due to it's award winning records and so on. Example: a shell engine oil could be bought at around $70 in public but it was sold $100+ there according to my friend (who brought to replace a better engine oil at $50+ through the internet so as not to purchase the overpriced Shell engine oil)
Since today, I couldn't help but I felt sympathy for car owners in Singapore because of the overpricing in COE, jams on the road during peak hours, having to pay ERP and still get jam, having to expend on periodical insurances, road taxes, parking fees, inspection fees, petrol, ad hoc repairs and servicing fees that may still have to wait half a day to get it serviced. I had to admit but I have plans to own a car in the future when I have a family.
MAIN TOPIC
During our wait, we walked to Anchor Point in motivation of finding Kale veggie for my juicing nutrition inside Cold Storage. Finally! I got Kale! Some more it was on a discount due to the expiry date I guess. It is very hard to find Kale over here due to it's scarcity and overloaded benefits (here). After that we walked around the shopping mall it was quite heart warming to see groups of family gathering at the atrium with an event where stage was set up for the Prom King and Prom Queen childrens were made to dress up like prince and princess to cat walk the stage, when crowd from every level are looking down cheering for them.
Fast forward ->
Finally, as my friend have gotten a Manhattan Fish Market 1-for-1 voucher when he paid his bills in the AXS machine. We went to Bedok Point to enjoy the benefit. It was nice, but I shouldn't talk too much about it because 'NPNT'. After dinner, we walked around the mall talking about which shop would continue staying in Bedok Point and which shop would close down as we noticed some of the stalls are really empty. Jon, my friend mentioned earlier that there were a few malls before Bedok Point closing down due to lack of human flow and that may be due to myth that, it is a bad location as he labelled it as "Ghost Mall". But I guess Bedok Point is now doing well since there's quite a decent human flow when it comes to food as Bedok Point has a majority of F&B tenants.
Guess what? We saw the old Sushi Tei closing down and the place is now being renovated for the opening of Saizeriya soon to come along with some Korean chicken restaurant beside it. Can't wait for Saizeriya to open as they sell some italian-western fusion food on a cheap price for a restaurant and the food are not too shabby as well.
Overall, I enjoy visiting malls managed by FCT than CMT. I didn't say that because I had sold my CMT shares. I just felt more homely and things are more organised by the managements. And somehow I feel that restaurants tenants there are generally more affordable than in other malls, not including the $10 bread shop.
What I Think
For a shopping mall, I think the most important thing is comfort. People like to go back to places that they feel comfortable with. Second is product/services, so on and so forth. I think FCT has done a great job. I have confidence that it will grow further independently, despite not being a blue chip with government backing.
What do you think?
Wednesday 21 January 2015
Portfolio Update January 2015
This month, minimal activities happened as I am building up my money from monthly savings and looking for a chance to inject into the stock markets when the price is right, For POEMS users I personally think that the broker fee of $10 for 100 shares purchase is quite a waste of money. So I haven't really started using that service yet.
Recent actions:
1) I've sold off my CapitaMall Trust to buy Keppel Corp. Why did I do that? Informations can be found on my blog post here if you are interested to find out more.
2) Cancelled off my POSB Regular Saving Plan for Nikko AM ETF after 2 months, as I wanted more control of every dollar I have in my hand.
3) Trying to reduce my Prudential Endowment Plan from $500 to $200 per month. Trying my best to work a way out to not waste any dollar in this process.
My way ahead for next month is to continue to watch the oil price, if it drops further I may continue to repeat what I did to CapitaMall Trust. Generally, my focus now would be more on the oil markets and also my health. I aim that every day I will make my own vegetable juice where I am currently exploring more in depth about health and nutritions.
Monday 19 January 2015
Diverting of Portfolio
I am glad I'm on off today so that I have the chance to go through a day of volatile stock market in the STI which finally ended at 3307.700 (+7.020).
Primarily, my focus is on few stocks on my Holding List and Watchlist which most of the time, I am looking at Capitamall Trust and Keppel Corp.
It's been awhile since I wanted to divert my REITS stocks to Growth stocks hence today I've made up my decision and take chance on the volatile market. As today is a day where people can starting buying shares in multiply of 100.
I managed to purchase 1100 units of Keppel Corp @ $8.10 = $8910 (closed $8.18)
On the other hand, I am still trying to sell off my 4000 units of Capitamall Trust @ $2.18 = $8720 (closed $2.16) looking to realise a paper gain of $1056 not including the brokerage. I will give this a go until this Friday, 23 Jan before the market closes. If not I will just settle to whichever is the next highest before the stock market closes on Friday.
The reasons why I buy Keppel Corp:
1) This is an appropriate time to get Keppel due to the falling oil prices. (I don't want to keep guessing/predicting about how much further the oil price will drop, i believe at this point my entry is relatively conservative already)
2) When the oil crisis saga ends, the price will recovery back to about 30-40% (don't know when, but it's a waiting game)
3) Dividends yield not too shabby (average of 5%)
4) I want to make full use of a crisis and here's the chance.
The reasons why I choose to sell off my holding of Capitamall Trust:
1) I believe it's a relatively matured stock which may have slow growth from now onwards.
2) It will realise me a profit of $1056 not inclusive of brokerage fees.
3) I believe FCT still has the potential to grow further so I don't want to touch it.
Would like to hear from your sharing and what do you think if you were me?
PS: The aboves reasons are only made of what I feel and what I think, hope fellow investors have no offence.
Thursday 15 January 2015
Treat to Keep Myself Going On [Portfolio Update]
Hello if I could just pretend to have your attention,
It's been a frugal fortnight for me and I decided to go easy and give myself a treat since I managed to save a little from my daily $20 expenses on tonight's dinner with friends at Le Steak Restaurant. Approximately after sharing the desserts, each person damage is $25 nett.
Additional Income this month:
Selling of Porter Sling Bag at $120 on goodwill to my good friend (Cost $3500NT = $152SGD; 1 : 23 xchng rate). I am currently using the exact same bag currently and had bought this from Taiwan 6 months ago when I was working there. Initially thought to use it as a back up bag but then I guess I don't need it anymore.
Update on Portfolio:
Yeah! I'm seeing a good growth especially on Capitamall Trust on a price high of $2.15 and Fraser Centrepoint Trust at 1.925 after finish constructing East Point and beginning to rent out to various unit holders. I believe this time FCT price will be more stable at 1.925, rather than dropping down to $1.8+ again. My biggest losers are still Ascendas HT and Croesus RT. But overall the result appears to be a gain.
Maybe that's for today only, but I am contented because: 我不在乎天长地久，只在乎曾经拥有.
It's been a frugal fortnight for me and I decided to go easy and give myself a treat since I managed to save a little from my daily $20 expenses on tonight's dinner with friends at Le Steak Restaurant. Approximately after sharing the desserts, each person damage is $25 nett.
 |
| Sirloin Steak ($16.90) |
 |
| Creme Brulee ($10.90) |
 |
| Waffle Ice Cream ($9.90) |
Selling of Porter Sling Bag at $120 on goodwill to my good friend (Cost $3500NT = $152SGD; 1 : 23 xchng rate). I am currently using the exact same bag currently and had bought this from Taiwan 6 months ago when I was working there. Initially thought to use it as a back up bag but then I guess I don't need it anymore.
Less Handphone Bill from Feb onwards:
I always wonder handphone bill why does it always cost so expensive. I was shocked that I'm paying extra $10 every month when I finally take a scan through on the latest bill, just for the Autoroam service that I had never use. Immediately, I called the M1 customer service centre to cancel off that service. I do no know why that service was added in the first place but I'm glad I notice it soon. From Feb onwards, my hp bill will be $60+ after deducting the autoroam $10net charge every month. Which I do not need at all..
Yeah! I'm seeing a good growth especially on Capitamall Trust on a price high of $2.15 and Fraser Centrepoint Trust at 1.925 after finish constructing East Point and beginning to rent out to various unit holders. I believe this time FCT price will be more stable at 1.925, rather than dropping down to $1.8+ again. My biggest losers are still Ascendas HT and Croesus RT. But overall the result appears to be a gain.
Maybe that's for today only, but I am contented because: 我不在乎天长地久，只在乎曾经拥有.
Saturday 10 January 2015
Whats is Your Cash Flow Pattern?
Finally I finished the Rich Dad Poor Dad book, there's so many things to learn from Robert Kiyosaki. One specific thing that is simple and realistic is the Balance Sheet and the Cash Flow Pattern. The bank doesn't ask you for your academic report card when you want to borrow money, they are only interested how well you know how to manage your money. Do you think your house is an asset? do you think your car is an asset? Find out below, what three types of Balance Sheet and the Cash flow pattern of Poor, Middle-Class and Rich;
My Cash Flow Pattern:
I am like The Poor and Middle-Class, trying very hard to become like The Rich. 50% of my income will go into the Assets column, $600/mth to Stocks and 500/mth to Prudential Endowment Plan.
My liability now is only the Housing Loan of my parent's HDB and which I'm staying in, I don't have any other liability at all at this moment.
Few of my friends upon signing on Army as a regular, they bought a car right away so that with that sign on bounty. Because they don't understand how money works.
Expectation vs Reality
I know talk is cheap, but in reality it is not so easy in Singapore, especially with the High Cost of Living and High Cost of Property Prices. Want to depend on that Government for your retirement? You don't even know what your CPF money is being used on in the first place due to lack of transparency.
But if you really want to break through and get out of the Rat Race, if we don't want to work till old and hope the Government can support us for the rest of our lives after retirement, which there's uncertainty. Shouldn't we take control now instead of following the current system what people are doing?
Study Hard -> Get Degree/Masters -> High Pay Job -> Work Till Old -> Get controlled amount of CPF -> Die without having back all CPF Contributed.
What is an Asset/Liability
I hope the above illustrations can make people understand about Cash Flow and the difference between Assets and Liability.
Assets are things things that put money into your pocket.
Liabilities are things that takes money out of your pocket.
When a dollar come into your hands, this is where you make your choice to become either rich or poor.
With that, thank you for the time!
Jfree
The Poor:
This guy is like most of us who lives with our parents, he depends on his salary every month to pay on his expenses. Every month he gets his salary to pay for his necessities.
He may have saved money inside his POSB Savings Account every month for future uses and to earn interest of 0.00275 if I am not wrongl, For every $10000 he puts in his POSB Savings Account he earns $25 a year for the interest part.
He have to depend on his pay check to survive, forever.
The Middle-Class:
Say, this guy is a lawyer by profession, he earns a significant sum of income every month, say $8000. Since he have high income, he used that to buy 5 room HDB/Condo, a BMW 5 series some Credit Cards. Take a look for his cash flow pattern. He earn his $8000 so that he could pay off his needs and his wants like HDB housing loan, Car Loan, Credit Card Premiums/Interest Charges.
He is alright if he keep working and pay the HDB loan, Car loan and his Credit Card. He lives a comfortable life with his high income.
LETS SAY, one day he got out of job, would he have enough to pay his Housing/Mortgage loan, Car Loan, Credit Card Premiums? He is somewhat Rich due to his High Income but then not Wealthy.
Wealth means the duration you can sustain yourself without working.
Wealth means the duration you can sustain yourself without working.
He have to depend on his pay check to survive, forever.
The Rich:
This guy earns his money from his salary, he injected his money to purchase and grow his Assets. He don't buy a car, don't buy a house because it is a Liability to him.
One day, he is able to quit his job when he feels it is enough for him to live with his Income generated from his Assets every month, to pay for his Expenses. He uses the income from his Assets to buy another Assets for himself House and Car. He pays tax but Property Tax from his Real Estate Investments where he rents out to generate income.
Some people asks how Rich is Rich, that really depends on what you really want. If you feel comfortable living with a $2,000 Income after deducting all the liabilities, If $2,000 income solely for necessities is enough for you to have a comfortable life. Than I say you are Rich.
One day, he is able to quit his job when he feels it is enough for him to live with his Income generated from his Assets every month, to pay for his Expenses. He uses the income from his Assets to buy another Assets for himself House and Car. He pays tax but Property Tax from his Real Estate Investments where he rents out to generate income.
Some people asks how Rich is Rich, that really depends on what you really want. If you feel comfortable living with a $2,000 Income after deducting all the liabilities, If $2,000 income solely for necessities is enough for you to have a comfortable life. Than I say you are Rich.
Because a Rich Man isn't the one who has the most, but rather the one who needs the least.
My Cash Flow Pattern:
I am like The Poor and Middle-Class, trying very hard to become like The Rich. 50% of my income will go into the Assets column, $600/mth to Stocks and 500/mth to Prudential Endowment Plan.
My liability now is only the Housing Loan of my parent's HDB and which I'm staying in, I don't have any other liability at all at this moment.
Few of my friends upon signing on Army as a regular, they bought a car right away so that with that sign on bounty. Because they don't understand how money works.
Expectation vs Reality
I know talk is cheap, but in reality it is not so easy in Singapore, especially with the High Cost of Living and High Cost of Property Prices. Want to depend on that Government for your retirement? You don't even know what your CPF money is being used on in the first place due to lack of transparency.
But if you really want to break through and get out of the Rat Race, if we don't want to work till old and hope the Government can support us for the rest of our lives after retirement, which there's uncertainty. Shouldn't we take control now instead of following the current system what people are doing?
Study Hard -> Get Degree/Masters -> High Pay Job -> Work Till Old -> Get controlled amount of CPF -> Die without having back all CPF Contributed.
What is an Asset/Liability
I hope the above illustrations can make people understand about Cash Flow and the difference between Assets and Liability.
Assets are things things that put money into your pocket.
Liabilities are things that takes money out of your pocket.
When a dollar come into your hands, this is where you make your choice to become either rich or poor.
With that, thank you for the time!
Jfree
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