I Was Literally Broke

Recently I was on the verge of cash bankruptcy when my bank account balance was $1.10!! My wallet merely have only $50+ in it! Pay day was roughly 2 weeks later.. All these was caused by my poor planning.

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
	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

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.

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!

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.

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..!

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!

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