Author: The Boy who Procrastinates

Decision Tree on the General Offer for M1

Source: Yahoo Amidst the Lunar New Year festivities, the past few weeks could potentially be momentous for many M1 shareholders. This emanates from the ongoing voluntary general offer for M1 which will be closing on 18 Feb 2019.  Having vested in M1 myself, I too am in a quandary over whether to accept the offer or not. You see, I have purchased it when i first started out learning the art of investing as a beginner. It was in 2015 when it was priced steeply above $3 per share. But I will probably save the tale of woe for...

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Unlocking the Potential of CPF

By The Boy Who Procrastinates – February 04, 2019 For the past decade, the restriction on the withdrawal of CPF funds and its reliability as a retirement solution has remained a perennial concern among Singaporeans, particularly for the senior generation. In addition, the national pension system has often drawn flaks for its annual increment in the minimum retirement sum.  Regardless of the sentiment, the CPF will continue to be a hot button issue among Singaporeans. Similarly for me, it has remained at the forefront of the conversations that I have with my friends, especially when we have reached the...

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Spreading Wings in 2019

By The Boy Who Procrastinates – January 21, 2019 The global equity markets have begun the year with great rebound, as investors are experiencing the January effect amidst optimism over trade talks between China and US and recent dovish tone from the US Federal Reserve. Similarly, the dawn of a new year signifies a fresh and new start for all of us. After an annual review which helps to slow down the pace of life and allow us to reminisce and appreciate the little and big moments that form part of our lives in 2018, it is now time to embark...

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2018 Year in Review

By The Boy Who Procrastinates – January 12, 2019 With a blink of an eye, 2018 has drew to a close. Time seems to be passing so quickly as we get older. As another year winds down and we forge ahead into 2019, it is the perfect opportunity to pause for a moment and reflect on everything we have experienced and achieved during the past 12 months. One day you will look back and see that all along you have been blooming. – Morgan Harper Nichols The tumultuous 2018 marks one of the most volatile years for the global...

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Portfolio Review for Dec 2018

By The Boy Who Procrastinates – December 31, 2018 On 19 Dec, the US Federal Reserve has again raised the target range of its benchmark interest rate by another 25 basis points with 2.5% at the high end. The move also marked the fourth rate increase of the year by the US central bank. The projection on the number of rate hike in 2019 has also been trimmed to two, signalling a more cautious outlook for the following year.  Politically, the recent partial shutdown of the US federal government has also contributed to the uncertainty mood due to a dispute over...

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Revision of Terms and Conditions for Citi MaxiGain Account

Citibank has officially announced that there will be revision made to the Citi MaxiGain Account from 2 Jan 2019, finally putting the rumour on upcoming changes to rest. Launched in Feb 2016, this will be the first time that Citibank will be revising the terms for this passive savings account. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms & Conditions and FAQ for more information.  Summary of the Current Interest Rate Mechanism for Citi MaxiGain AccountBefore...

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Revision of Terms and Conditions for Citi MaxiGain Account

By The Boy Who Procrastinates – December 08, 2018 Citibank has officially announced that there will be revision made to the Citi MaxiGain Account from 2 Jan 2019, finally putting the rumour on upcoming changes to rest. Launched in Feb 2016, this will be the first time that Citibank will be revising the terms for this passive savings account.  This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the revised Terms & Conditions and FAQ for more information.  Summary...

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Analysis of Far East Hospitality Trust

October was a rough ride for global stock markets as they were slammed by a wave of fears about trade wars and higher interest rate. Amidst the chaos, there is always buying opportunities in a sell-off.  I have initiated a small position in Far East Hospitality Trust at $0.595 in Oct. At this entry price, it is trading at 31.27% discount to its NAV/unit of $0.8657. Based on the 2017 DPU of 3.90 cents, this translates to a distribution yield of 6.55%.   Profile of Far East Hospitality TrustListed on SGX since Aug 2012, Far East Hospitality Trust (“FEHT”) is...

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Analysis of Far East Hospitality Trust

By The Boy Who Procrastinates – November 17, 2018 October was a rough ride for global stock markets as they were slammed by a wave of fears about trade wars and higher interest rate. Amidst the chaos, there is always buying opportunities in a sell-off.  I have initiated a small position in Far East Hospitality Trust at $0.595 in Oct. At this entry price, it is trading at 31.27% discount to its NAV/unit of $0.8657. Based on the 2017 DPU of 3.90 cents, this translates to a distribution yield of 6.55%.   Profile of Far East Hospitality Trust Listed on...

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Analysis of CapitaRetail China Trust

Source: CapitaLand10.10 sales has arrived a day late for me when STI has reached a low of 3047. Amidst the market downturn, I have managed to initiate a small position in CapitaRetail China Trust (“CRCT”) at $0.135 in Oct. At this entry price, it is trading at 12.9% discount to its adjusted NAV/unit of $1.55. This translates to a distribution yield of 7.08% based on the annualised 3Q 2018 DPU of 2.41 cents.  Profile of CapitaRetail China TrustListed on SGX since 2006, CapitaRetail China Trust is a REIT that invests in retail malls in China. Its portfolio consists of...

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The Other Side of T2023-S$ Temasek Bond

By The Boy Who Procrastinates – October 26, 2018 The application for the T2023-S$ Temasek Bond has closed on 23 Oct. With aggressive marketing for the past two weeks, information on the 5-year bond can be easily accessible on the Temasek website. The public offer has seen a subscription rate of over 8 times whereas the tranche for institutional investors was 7.19 times subscribed. Despite the euphoria around the Temasek’s first retail bond, it has received lukewarm reception from The Boy who Procrastinates. Aside from the fixed interest rate of 2.7% per year and its Aaa/AAA credit rating by Moody’s and S&P, I will...

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Revision of Interest Rates for OCBC 360 Account

By The Boy Who Procrastinates – October 12, 2018 With the enhanced version first launched in April 2014, OCBC will be revising the interest rates on OCBC 360 Account for the third time with effect from 1 November 2018. This article aims to provide an overview of the upcoming changes and whether the existing account holders stand to benefit from the revision. You may also wish to refer to the OCBC website for more information.  Overview of the past revision for OCBC 360 Account Many would probably have remembered the initial version of OCBC 360 Account that allows one to earn the classic...

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Portfolio Review for Sept 2018

By The Boy Who Procrastinates – September 29, 2018 The third quarter of 2018 has been a struggle as the global market is plagued with escalating tit-for-tat trade dispute between the two economic powerhouses, United States and China. And just this week, the US Federal Reserve has raised the interest rates by 25 basis points, bringing it to 2.25%. In the local context, Dairy Farm International has replaced Starhub as STI constituent with effect from 24 Sept. The STI Index has tested its new low in the third quarter of the year. Since its closing at 3277.43 in the beginning of...

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Compilation of Hacks to meet the minimum credit card spending

By The Boy Who Procrastinates – September 26, 2018 Do you sometimes find yourself coming up short of hitting the minimum monthly spending requirement for your credit card? If so, you might have been missing out on earning the credit card rebate and/or interest from your savings account. Following from the previous discussion on Active Savings Accounts, the interest received from fulfilling the credit card spending criterion can be rather rewarding. For example, charging $500 of qualifying retail transactions to the Bonus$aver card, along with $100,000 balance in your Standard Chartered Bonus$aver account would earn an interest of approximately $65 in...

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Thinking, Fast and Slow – Anchoring Effect

By The Boy Who Procrastinates – August 31, 2018 Last year, I have read Thinking, Fast and Slow by Daniel Kahneman, a renowned psychologist and winner of the Nobel Memorial Prize in Economics. The book sheds light on the working systems of the human mind and how it can be susceptible to cognitive biases, fallacies and illusions.  The title was first introduced to me during my Managerial Economics lecture when the Professor fervently recommended it to the class and provided only positive review. As it distills a lifetime of research that Kahneman has conducted in collaboration with the late Amos Tversky, some...

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