Author: Financial Horse

Top Reads this Week (18 August)

Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. Recession Countdown Begins: Treasury 2s10s Yield Curve Inverts For First Time In 12 Years; 30Y Yield Drops To All Time Low (Zero Hedge) Critically, as Jim Grant noted recently, the spread between the 10-year and three-month yields is an important indicator, James Bianco, president and eponym of Bianco Research LLC notes today. On six occasions over the past 50 years when the three-month yield exceeded that of the 10-year, economic recession invariably followed, commencing an average of 311 days after the initial signal. If...

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National Day Promo ends this Sunday!

Okay, I have to admit, the horse in a suit pic doesn’t really have much to do with this post. But it was really amusing so I stuck it there anyway. What this post is about though, is the Financial Horse Complete Guide to Investing for Singapore Investors that launched last weekend on National Day. And as a way to give back to all loyal readers of Financial Horse, there was an early bird promo that cut the usual price from USD299 to USD199. The promo ends this Sunday, and I probably won’t be doing anything similar any time...

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Answering common questions from Singapore Investors [Ask FH]

I know that I’ve been a bit slow with this edition of Ask FH, so my sincere apologies. I’ve spent the last 9 months trying to condense everything I know about investing into an online course (the Complete Guide to Investing for Singapore Investors), and I truly believe it is the best framework for investing for Singaporean investors out there today. If you’re an investor who is unsure about your current portfolio and asset allocation, going through the FH course can really benefit you, as the course will teach you a sound framework to further your investing journey. The...

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Top Reads This Week (11 August)

Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. And just in case you guys missed it, the Financial Horse Complete Guide to Investing for Singapore Investors launched yesterday! I’ve spent the last 9 months compiling everything I know about investing into this guide, and it’s all available to you now. Check it out here! Hong Kong’s finance chief says record currency reserves give it enough fire power to ward off any attack on currency, recession possible (SCMP) Hong Kong’s Financial Secretary Paul Chan Mo-po says if third-quarter GDP...

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Rate cuts and RMB Depreciation – What next for Singapore investors?

What a week it has been! Or rather, what a momentous 10 days in the financial markets! Basics: What happened the past 2 weeks? It’s been an absolute roller coaster the past 10 days, so I’ll just summarise the key bits here: US Federal Reserve cuts rates 25bps. Jerome Powell indicates this is not the start of a rate cutting cycle, but rather a “mid-cycle adjustment” Literally the next day, Trump proposes 10% tariffs on the remainder of China’s exports to US China retaliates the following week by allowing the yuan to depreciate below the psychological 7 barrier US...

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Launch of Financial Horse Course + Early Bird Promo

The most common question I get on this site is: “I am x years old. I have y dollars in the bank. How do I invest my money?” After answering countless reader questions and Ask FH questions, it started becoming obvious to me that the response to all these questions were all broadly similar. There was an underlying set of considerations and framework that applied to investing for Singaporeans, that could be used to address all these queries. And I knew that I had to share this framework with readers in a way that was more efficient than replying...

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Top Reads this Week (4 August)

Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. Latest Trump tariffs to directly hit consumers (CNA) “This hits consumers straight on,” Steve Pasierb, president of the Toy Association, said in an interview. “This is finished products. It’s not raw materials.” The tariffs, a 10 per cent levy on US$300 billion in Chinese goods that Trump said would go into effect on Sep 1, is expected to affect just about all finished products imported from China. Shares of retailers fell sharply Thursday, with the biggest drops affecting a group that included Best...

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Investing in Thailand, Indonesia and Vietnam (FH Podcast)

This week’s Podcast guest is the CEO of ShareInvestor, Mr Christopher Lee. Mr Lee has more than 25 years of working experience in the IT and media industry. Mr Lee is one of the founding members of ShareInvestor and was instrumental in the development and expansion of the business. Mr Lee started his career as a marketing representative with IBM Singapore and has assumed various responsibilities including sales, marketing, training and management in his tenure with IBM. Mr Lee holds a Bachelor of Engineering (Hons) from NUS and an MBA from NTU. I had the chance to sit down...

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Invest Fair 2019 + Top Reads this Week (28 July)

Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. Scroll to the end of the post for more information on Invest Fair 2019! A Bear Market Checklist To Thriving In A Downturn (Financial Samurai) The real challenge is living your best life during a bear market, which tends to happen every 3.5 – 10 years since the early 1900s. Bear markets are usually a time of worry and remorse. 1) Make sure you have enough cash to last through a downturn. 2) Make sure your portfolio is diversified enough...

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Is it time to sell REITs and prepare for a global slowdown?

A Patron member recently posed this question (details changed slightly for privacy reasons): I’ve been reading that some big name REITS like Mapletree and Capitaland valuations are getting very high and upsides are getting limited. Some are even selling to lock in profits first. I’m a long term investor and funds in REITS are for retirement in 20yrs. Should I lock in the profit or just continue on collecting dividends. Some of my capital gains is around 20-30%. And you know, that’s exactly the question I’ve been wondering myself after watching REITs tick higher every day. I previously shared...

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Top Reads this Week (21 July)

Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. The 8 Key Concepts of Behavioural Finance (The Babylonians) The key concepts of behavioural finance studies why humans make irrational decisions when it comes to investing. It seeks to combine human psychology and traditional finance. It explains why the majority of investors lose money, including myself. The 8 concepts are: Anchoring Overreaction and the Availability Bias Mental Accounting Confirmation and Hindsight Bias Gambler’s Fallacy Herd Behaviour Overconfidence Prospect Theory & Loss Aversion Thoughts on the Ascott REIT and Ascendas-HT Merger...

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MoneyOwl Review: The best “Roboadvisor” in Singapore?

There are 2 kinds of robo-advisors out there. The first will be guys like Stashaway, Autowealth, Smartly etc that use publicly listed ETFs to build a portfolio for you. Then there’s the second group with guys like MoneyOwl and Endowus that use Dimensional Funds to construct a portfolio. I’ve been getting a number of queries on MoneyOwl recently, so let’s take a closer look at them. Basics: What is MoneyOwl? The onboarding process for MoneyOwl is no different from any other roboadvisor. You fill up your financial information, goals etc, and it generates a recommended asset allocation for you....

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Prime REIT IPO Balloting Results

So Prime REIT’s IPO Balloting Results are out (see cover above), and let’s just say they’re not fantastic. IPO Balloting Results To break down the results very simply: Everyone who applied got something – You got it. Everyone who applied for Prime REIT, basically got something. Almost as good as the Singapore Savings Bonds! Everyone who applied up to 99,900 units got everything they applied for – At S$1.20 per unit, it basically means that anyone who applied for up to S$119,880 worth of units at the IPO got their full allocation. That’s actually really generous by the issuer, depending on...

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Death of the IPO Market? 12% Private Equity Allocation Rule (FH Podcast)

This week’s Podcast guest is a JP Morgan investment banker turned startup founder. Kelvin Lee was previously at J.P. Morgan working on IPOs across Asia, and has raised over US$20 billion for clients in the course of his professional career. Today, he is co-founder and CEO of Fundnel, a private investment platform that matches private companies with investors who are looking to invest. I had the chance to sit down with Kelvin to learn about his thoughts on career advice for young graduates, the decline of public capital markets, and why growth stocks are the best bet for young...

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Top Reads this Week (14 July)

Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. Interested in bite-sized finance updates? The top financial news in just 3 minutes. Delivered straight to your inbox. For Free. Join 400,000 other insiders here. Multibillion-dollar Singapore investing giant Temasek says its returns have taken...

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