Author: A Path to Forever Financial Freedom (3Fs)

Jardine Matheson Holdings (SGX: J36) – Valuations Getting Attractive BUT…..

Jardine Matheson Holdings (SGX: J36) has been on a tear this year, dropping by as much as 23% in 2019, mainly due to the intensifying global trade tension, protests in Hongkong and slowing businesses in particular the auto sales, putting the company as one of the worst performer in the STI index. As a contrarian investor myself, I became interested in the company when the share price keeps falling, which means valuations are getting cheaper in relative to its earnings. But as an investor with limited resources, is now the best time to put our money into the company?...

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Why I Would Not Consider Ireit Global At Their Current Valuation

Ireit Global is a Reit I used to own in the past due to the strong profiling of their freehold assets in Germany, high dividend yield, low borrowing costs and long WALE with concentrated blue chip tenant profile. You would think that Germany is a strong powerhouse in Europe and they are too big to fail, so everything else equal, it’s something which is probably too good to be true, especially since they debuted and listed back in 2014. I bought them in the past in the range of 63 to 66 cents when most people were skeptical about the...

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Guest Post – Lessons Learnt From My Temporary Retirement

The following article is a guest post contributed by Simon from Financial Expert. Simon is someone I met on the social media and have chatted with him a few times. We have similar goals in mind with regards to the concept of financial independence and it is probably the reason why we quickly clicked when we talk to one another. This is his story about how he achieved financial independence at the age of 29 and the lessons he is sharing with us on his temporary retirement. Emotions were running high when I returned to my apartment on the last...

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Recent Action – Vicom Ltd

One of the ways to do them is through the accumulation of defensive stocks which tend to be more resilient during period of uncertainties. I was fortunate to have a few of these defensive resilient companies in my portfolio, which include the likes of Vicom, Starhill Reit and Netlink Trust when I started the year, each of them taking up a very large position in the portfolio. I began to unwind each of them slowly, as I look to build up more warchest in anticipation of events like what we have today, with the divestment of Starhill Reit back...

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How Do You Prepare A Growing Warchest?

Every three to four years, we revisit the topic issue on the importance to keep a warchest in our portfolio. This comes always on the back of something that is brewing, like the Eurozone crisis in 2011, the oil and China crisis in 2016 and the Trade War and HK protests in 2019. As the name itself implied, having sufficient warchest in your portfolio means you are keeping a sum of money that is ready when you are needed to go to war.  The thing is this, we always take things granted in our lives, especially when everything are...

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Personal Update in July!

As I am writing this post, it has been a month since I last gave an update about my situation in the previous post which wasn’t so pleasant and I must admit it has been one of the more challenging periods in my life that I have to death with.  On the usual routine year, I would be doing my half yearly review during this period to check how I was performing on my interim review. Not this time round though. But first, I’d like to express my gratitude to everyone who has left me a message in my...

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Some Quick Updates!

I thought I’ll provide some quick updates on my situation in case anyone thinks I’ve gone missing. The past week has been one of the most stressful case as my Dad was down with an ischemic stroke on the left side of the brain which paralyses him on his right arm, leg and the ability to speak. We were on our usual routine one morning when suddenly he was down with a stroke. We panicked and called the ambulance to send him to the nearest hospital before transferring him to Singapore the day after via an International SOS plane...

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Jun 19 – Portfolio & Networth Update

 Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 212,214.00 Far East Hospitality Trust     3,000     1,950.00 Ho Bee Land        300        720.00 722,990.00 937,874.00 I thought I’ll do a quick update on the portfolio while I am still out of town and travelling and had a bit of time to sit down to do some quick calculation. Jun was mostly a muted month of transactions, mainly because I...

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How I Am Planning For An Early Retirement In Singapore

Most people aspire to achieve financial stability to enjoy their retirement with peace of mind. My dream is no different from others. Since I entered the workforce, I have been working towards achieving financial independence before the age of 35 and having an early retirement. The journey which I took has pushed me out of my comfort zones at times, and it’s tough.  Thankfully, my wife has been supportive of my decisions and goal.  When we had our first child in 2014, my wife had to quit her job to care for our son and deal with the household...

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The Hour Glass – 7.5x PER 4% Dividend Yield – Where Is The Love?

7.5x PER and 4% dividend yield, but why isn’t the market providing more love to this company by re-rating them higher? This was the exact question running through my mind when I purchased this company and then divested it thereafter, within a short period of time. I’ll go through some of my thought process, as well as collating the research I’ve done on this company in this article. Business Model THG has been a well-known luxury retail name for a number of years now.  Founded in 1979 by husband and wife, Chairman Henry Tay and Mrs. Jannie Tay, the...

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May 19 – Portfolio & Networth Update

 Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 206,267.00 Netlink Trust 195,880.00 Far East Hospitality Trust     3,000     1,920.00 Ho Bee Land        300        708.00 513,510.00 918,285.00 Sell in May and go away. This month has been a brutal month as we see increased risk volatility in the market due to the US-China trade war,...

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The Day We Turned From Green To Red

No, I’m not talking about my portfolio, that would be extremely sad. After 24 years of residing in Singapore, I finally had my Singapore citizenship transition done, approved and granted. I had applied them together with my immediate family members so all of us were granted the citizenship and we turned red together. This afternoon was the second last agenda as we were presented with the Singapore passport. When receiving them from the ICA officer, I had a lot of emotions that run through my mind. It was a feeling of happiness and gratitude as I looked back at...

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Bukit Sembawang Pays Out 22 cents Dividends – FY19 Results

I wrote an article on Bukit Sembawang some time in March recently which you can find here. Bukit Sembawang has recently announced their full year 2019 results which impresses on earnings, with full year NOPAT increasing by 100% year on year despite taking a hit in their Q4 earnings.  On the topline, revenue and cost of sales increased by 265% and 451% respectively as compared to previous year. This resulted in Gross Profit increasing by 164% year on year.  This is attributed to the higher development sales for profits recognized from 8 St Thomas, Nim Collection Phase 1 and 2...

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Mini-Retirement [Series 3]: My Last Week Of Current Employment

To keep track on the “Mini-Retirement” series which I started a few months ago, I’ll try to update as much as possible as I can on any resulting movement and direction from the impact taken on this action.  For those who are new to this series, the background of the story started when I made a decision to take a mini-break from my current role around three months ago by deciding to hand in my resignation for my current role, walking away without the next job lined up in hand.  Since my plan was to take a break to...

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Reits Symposium 2019 – A Full Day Reits Event For Investors

Following my previous post on the Reits Symposium, the day has finally arrived for all Reits investors. The event was held on level 4 at the MBS Expo Convention which has a good full house crowd they have been raving about. They give pretty good kits goody bag once you have signed in which includes door gifts and a water bottle, sponsored by Share investor, Money 89.3 and First reit respectively.  The event kicked off with Sgx Ceo, Loh Boon Chye, addressing the full house crowd on how the Reits sector has come a long way since the listing...

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