Singpost will be announcing its results (for 3rd Quarter & 9months ending 30 Dec 09) on Fri, 29 Jan 2010, after the trading hours.
Time for Singpost's dividends again :)
Sunday, January 24, 2010
Outlook for Mon, 25 Jan 2010
Dow Jones had been down 200+ points each day for the past 2 days after US's news on the measures on banks.
STI has been down for past few days too. I'll adopt a nimble & fast in/fast out strategy in the next few weeks for my short term holdings and take profit/cut loss asap.
STI has been down for past few days too. I'll adopt a nimble & fast in/fast out strategy in the next few weeks for my short term holdings and take profit/cut loss asap.
DBS Vickers Online Trading Account
My trading account was activated and I received the passwords' mailers etc 1 week ago.
The platform/interface looks quite impressive to me. Will be slowly transitting my cash trading to this account as the "cash upfront feature" offers only 0.18% or $18 minimum commission fees.
The platform/interface looks quite impressive to me. Will be slowly transitting my cash trading to this account as the "cash upfront feature" offers only 0.18% or $18 minimum commission fees.
Genting Singapore
Bought 2,000 shares of Genting in 2007 and after the rights issue in 2008, bought another 10,000 shares.
Current holdings including subscription to the rights: 13,200 shares.
Looks that this counter is following the analyst reports from banks.
Already missed twice to take profit when the price hit $1.25 to $1.30 region; in fact, I actually queued to sell @$1.30 early this week but didn't quite monitor it so missed it. Will be monitoring it more closely from now onwards.
Current holdings including subscription to the rights: 13,200 shares.
Looks that this counter is following the analyst reports from banks.
Already missed twice to take profit when the price hit $1.25 to $1.30 region; in fact, I actually queued to sell @$1.30 early this week but didn't quite monitor it so missed it. Will be monitoring it more closely from now onwards.
Trades for the week 11 Jan - 15 Jan 2010
Bought:
Stamford Land - 6,000 shares @ $0.43667 (11 Jan 2010) (combination of 1,000 share @ $0.42 & 5,000 shares @ $0.44) - SRS
Uni-Asia Finance - 5000 shares @ $0.54 (12 Jan 2010)
Sold:
Allgreen Properties - 8,000 shares @ $1.30 (14 Jan 2010) - CPFOAIS
Stamford Land
According to Watchlist I, my target price is $0.42. Actually placed my order for 6,000 shares @ $0.42, but initially the order was only partially filled for 1,000 shares @ $0.42 (which was a day-low for 11 Jan 2010) and subsequently the price shot up to $0.45 on the same day. I was hesitating on whether to change my price for queuing for the remaining 5,000 shares so that the commission fee will not be wasted. Eventually, I so decided to queue for the remaining 5000 shares @ $0.44 which was eventually filled. I hate this when only 1,000 shares are fulfilled when I place an order of more and having to make the decision of buying more on the same day or leaving as it is.
- Will be holding this for Long term capital gain in my SRS investment portfolio
Uni-Asia Finance
- Looking at short term trading
Allgreen Properties
- Bought @$1.23, sold @$1.30 - Profit of $480.25 after commission fees (CPFOAIS)
2010 Realised Profit to date: $480.25 (CPFOAIS)
2010 Dividends received to date: Nil
Stamford Land - 6,000 shares @ $0.43667 (11 Jan 2010) (combination of 1,000 share @ $0.42 & 5,000 shares @ $0.44) - SRS
Uni-Asia Finance - 5000 shares @ $0.54 (12 Jan 2010)
Sold:
Allgreen Properties - 8,000 shares @ $1.30 (14 Jan 2010) - CPFOAIS
Stamford Land
According to Watchlist I, my target price is $0.42. Actually placed my order for 6,000 shares @ $0.42, but initially the order was only partially filled for 1,000 shares @ $0.42 (which was a day-low for 11 Jan 2010) and subsequently the price shot up to $0.45 on the same day. I was hesitating on whether to change my price for queuing for the remaining 5,000 shares so that the commission fee will not be wasted. Eventually, I so decided to queue for the remaining 5000 shares @ $0.44 which was eventually filled. I hate this when only 1,000 shares are fulfilled when I place an order of more and having to make the decision of buying more on the same day or leaving as it is.
- Will be holding this for Long term capital gain in my SRS investment portfolio
Uni-Asia Finance
- Looking at short term trading
Allgreen Properties
- Bought @$1.23, sold @$1.30 - Profit of $480.25 after commission fees (CPFOAIS)
2010 Realised Profit to date: $480.25 (CPFOAIS)
2010 Dividends received to date: Nil
Sunday, January 17, 2010
CDP - Central Depository (Pte) Limited
A Direct Securities Account will need to be opened with CDP if one wishes to invest in the stock market in the Singapore Exchange. This account will track your entire shareholdings portfolio in the Singapore Exchange. Only 1 such account is required regardless of the number of brokerage agents/houses you use.
When you sign-up for your very first trading account, that brokerage house will actually ask you to complete the forms for CDP account opening as well as for linking the trading account to the newly opened CDP account. Subsequently, when you open any other trading account, the only CDP forms you will have to complete is for linkage of the new trading account to your existing CDP account.
You can also sign-up for internet access for your CDP account so that you can access your monthly statement via the internet (for both previous & current months).
More details & online sign-up: CDP Internet Access
More information @CDP Website
When you sign-up for your very first trading account, that brokerage house will actually ask you to complete the forms for CDP account opening as well as for linking the trading account to the newly opened CDP account. Subsequently, when you open any other trading account, the only CDP forms you will have to complete is for linkage of the new trading account to your existing CDP account.
You can also sign-up for internet access for your CDP account so that you can access your monthly statement via the internet (for both previous & current months).
More details & online sign-up: CDP Internet Access
More information @CDP Website
Taking stock of the Dividends received - Updates
Updates to the earlier post: Taking stock of the Dividends received
I just received the annual statement from CDP for year 2009 detailing all the trades, rights subscribed etc, including the dividends received (the statement is more than 10pages!!).
With this help of this statement, I will be able to track and calculate the details of dividends received (i.e. date, amount, date, counter etc) in year 2009.
Thus, there's a change of plan - I will calculate the total dividends received in year 2009 and deposit the total amount into my designated Fairprice Plus Saving Account by end Mar 10.
The tracking of my dividends will thus be from 2009 onwards.
I just received the annual statement from CDP for year 2009 detailing all the trades, rights subscribed etc, including the dividends received (the statement is more than 10pages!!).
With this help of this statement, I will be able to track and calculate the details of dividends received (i.e. date, amount, date, counter etc) in year 2009.
Thus, there's a change of plan - I will calculate the total dividends received in year 2009 and deposit the total amount into my designated Fairprice Plus Saving Account by end Mar 10.
The tracking of my dividends will thus be from 2009 onwards.
Saturday, January 16, 2010
Singpost
Went to Singpost Building on Wed evening to mail a parcel containing my old Seagate 160Gb Harddisk that I need to send to Seagate distributor for repair since it's still under warranty.
This reminded me to blog about Singpost as a listed company in Singapore Exchange.
Singpost - Last done $1.02
Dividend - Since FY2006/07, Singpost has been distributing a quarterly dividend for a total of 6.25cents for each FY
Dividend Yield - 6.13% pa (based on last done price of $1.02)
I have been holding 5lots of Singpost since 15 Aug 2008 at a purchase price of $1.01 (dividend yield of 6.19% pa based on my purchase price). I were attracted by this counter mainly due to its nice dividend yield and I firmly believe that its business and operations will still continue to grow.
Past share price performance:
- Mostly trading at least or above $1.20 from Jun to Oct 07 before the financial meltdown
- During the recent financial crisis
-> Low on 29 Oct 08 when it traded at day-low of $0.61 and closed at $0.63.
-> Low on 05 Mar 09 when it traded at day-low of $0.74 and closed at $0.75.
- After briefly touching day-high of $1.00 on 11 Dec 09, it had hovered around $0.96 to $0.99 till the 1st trading day after the Christmas holidays, 28 Dec 09, when it traded at a close range of $0.99 to $1.00 and finally broke the barrier to close at $1.00 exactly on this day. After this, the price never looked back and has been trading at a range of $1.00 to $1.03. At this pricing, the dividend yield is still pretty decent (at least 6%).
The growth of Singpost is not as great as many others out there but the dividend yield is pretty decent and it's also a defensive play. It currently monopolises our local posting/mailing scene and also owns the Singapore Post Centre building at Eunos (just opposite Paya Lebar MRT Station) which also presents a great potential to unlock the building's value.
Action:
I will still continue to hold on to my 5lots of Singpost in my "long term holding for dividend gain" portfolio and will even load more during the next major market correction/crisis. This forms part of my conservative segment in my portfolio.
More information and updates @Singpost Investor Relations
This reminded me to blog about Singpost as a listed company in Singapore Exchange.
Singpost - Last done $1.02
Dividend - Since FY2006/07, Singpost has been distributing a quarterly dividend for a total of 6.25cents for each FY
Dividend Yield - 6.13% pa (based on last done price of $1.02)
I have been holding 5lots of Singpost since 15 Aug 2008 at a purchase price of $1.01 (dividend yield of 6.19% pa based on my purchase price). I were attracted by this counter mainly due to its nice dividend yield and I firmly believe that its business and operations will still continue to grow.
Past share price performance:
- Mostly trading at least or above $1.20 from Jun to Oct 07 before the financial meltdown
- During the recent financial crisis
-> Low on 29 Oct 08 when it traded at day-low of $0.61 and closed at $0.63.
-> Low on 05 Mar 09 when it traded at day-low of $0.74 and closed at $0.75.
- After briefly touching day-high of $1.00 on 11 Dec 09, it had hovered around $0.96 to $0.99 till the 1st trading day after the Christmas holidays, 28 Dec 09, when it traded at a close range of $0.99 to $1.00 and finally broke the barrier to close at $1.00 exactly on this day. After this, the price never looked back and has been trading at a range of $1.00 to $1.03. At this pricing, the dividend yield is still pretty decent (at least 6%).
The growth of Singpost is not as great as many others out there but the dividend yield is pretty decent and it's also a defensive play. It currently monopolises our local posting/mailing scene and also owns the Singapore Post Centre building at Eunos (just opposite Paya Lebar MRT Station) which also presents a great potential to unlock the building's value.
Action:
I will still continue to hold on to my 5lots of Singpost in my "long term holding for dividend gain" portfolio and will even load more during the next major market correction/crisis. This forms part of my conservative segment in my portfolio.
More information and updates @Singpost Investor Relations
Tuesday, January 12, 2010
Watchlist I - Updates
Updates to the earlier post: Watchlist I
12 Jan 10
- Ausgroup: Closed at $0.685 (Day high of $0.73 & day low of $0.675), dropped $0.045 (6.164%)
- Singtel: Closed at $2.97 (Day high of $3.03 & day low of $2.97), dropped $0.05 (1.655%)
Both appeared in Top 20 Volume list.
It's getting interesting as both have retraced today after hitting recent highs during the past few weeks. Will see how they perform the next 2 days.
12 Jan 10
- Ausgroup: Closed at $0.685 (Day high of $0.73 & day low of $0.675), dropped $0.045 (6.164%)
- Singtel: Closed at $2.97 (Day high of $3.03 & day low of $2.97), dropped $0.05 (1.655%)
Both appeared in Top 20 Volume list.
It's getting interesting as both have retraced today after hitting recent highs during the past few weeks. Will see how they perform the next 2 days.
Sunday, January 10, 2010
Taking stock of the Dividends received
I have been receiving dividend payouts regularly, quarterly & half-yearly, from my dividend counters (mainly from Singpost, Starhub, Hyflux WaterTrust, First REIT).
As these dividends are deposited into my POSB Saving Account (as maintained with CDP), I usually take these amounts as my cash flow and did not really take note of them.
As my long term plan is to re-invest the dividends received once the amount reach a sufficient level, I'll begin to deposit the dividends received from Jan 2010 onwards to a dedicated Savings Account. This will consolidate the dividends as well as take stock of the amount.
I'm designating my Fairprice Plus Saving Account for this purpose due to the following:
- Higher interest rate than POSB & UOB (0.30% pa for the first $50,000)
- My savings account of POSB, UOB and Citibank are also used for funds transfer, GIRO, credit card bills payment, online trading etc
- Proximity of OCBC ATM & Cash Deposit Machines @Hougang Point which is just across the main road from my HDB block (Fairprice Plus Saving Account is a tie-up between NTUC Fairprice & OCBC and thus one can access the Fairprice Plus Saving Account via OCBC ATM/Cash Deposit Machines)
WIth this consolidation, I hope that I can easily monitor the dividends received and re-invest them at a suitable timing.
As these dividends are deposited into my POSB Saving Account (as maintained with CDP), I usually take these amounts as my cash flow and did not really take note of them.
As my long term plan is to re-invest the dividends received once the amount reach a sufficient level, I'll begin to deposit the dividends received from Jan 2010 onwards to a dedicated Savings Account. This will consolidate the dividends as well as take stock of the amount.
I'm designating my Fairprice Plus Saving Account for this purpose due to the following:
- Higher interest rate than POSB & UOB (0.30% pa for the first $50,000)
- My savings account of POSB, UOB and Citibank are also used for funds transfer, GIRO, credit card bills payment, online trading etc
- Proximity of OCBC ATM & Cash Deposit Machines @Hougang Point which is just across the main road from my HDB block (Fairprice Plus Saving Account is a tie-up between NTUC Fairprice & OCBC and thus one can access the Fairprice Plus Saving Account via OCBC ATM/Cash Deposit Machines)
WIth this consolidation, I hope that I can easily monitor the dividends received and re-invest them at a suitable timing.
Watchlist I
A couple of those under my watchlist. Will grab some for long term holding if it hits my target price or below.
Ausgroup - $0.65, (Long term holding for Capital gain)
Last done $0.71
Provider of a range of products and services through fabrication, construction and integrated services to natural resource development companies.
Assists its clients to build, maintain and upgrade oil and gas production facilities, both onshore and offshore, surface and subsea and mineral resource materials handling and process facilities. Operates mainly in Australia and South East Asia.
Singtel - $2.91, (Long term holding for Capital gain & Dividend gain in CPFOAIS and/or SRS)
Last done $3.05, Yield of 4.10% (based on last done price of $3.05)
Well known Singapore Telco service provider; with overseas exposure
Parkway Life REIT - $1.22, (Long term holding for Capital gain & Dividend gain in CPFOAIS and/or SRS)
Last done $1.35, Yield of 5.67% (based on last done price of $1.35), Gearing of 23.2%
Asia's largest healthcare REIT; Investment Portfolio of 3 Hospitals & Medical Centres, 17 Nursing Homes, 1 pharmaceutical product distributing and manufacturing facility.
Owns the largest portfolio of strategically located private hospitals in Singapore, comprising Mount Elizabeth, Gleneagles Hospital and East Shore Hospital. In addition, it has 18 assets located in Japan, namely a pharmaceutical products distributing and manufacturing facility in Chiba prefecture and 17 high-quality nursing homes located in Chiba, Hyogo, Kanagawa, Osaka, Saitama, Fukuoka, Okayama and Tokyo.
Stamford Land - $0.42, (Long term holding for Capital gain)
Last done $0.43
Largest owner-cum-operator of luxury hotels in Australia. Focused approach in luxury brand positioning has proved to be highly successful in Australia and New Zealand for both our hotel and property development businesses.
My personal rationale for choosing the above 4 counters:
Ausgroup - Operations involve mineral resources, oil & gas production which are critical resources in the increasingly depleting natural resources climate
Singtel - Component of these indices: Straits Times Index, MSCI Singapore Country, MSCI Asia Pacific Telecommunications, MSCI Asia Pacific ex-Japan & S&P/ASX 200. In fact, Singtel is the biggest (12.95%) constituent of the STI (other top 2 are DBS [10.34%] & OCBC [8.75%]). It also has overseas exposure & investment with most of us being familiar with the Singtel (Optus) arm in Australia. Dividend yield is 4.30% based on personal target price of $2.91.
Parkway Life REIT - Parkway Life REIT is 1 of the only 2 REITs purely into Healthcare sector listed in Singapore Exchange. (I'm already vested in the other REIT counter; First REIT which has been giving me good Capital gain as well as Dividend gain). Sector of healthcare is going to be generally uptrend global wide. And in Singapore, it will be more so due to the aging population in Singapore as well as Singapore attempting to position itself as healthcare hub. The portfolio in Japan also serves as a diversified overseas assets.
Dividend yield is 6.27% based on personal target price of $1.22.
Stamford Land - Personally, I'm keen in its hotel and property development businesses based in Australia and New Zealand. I feel that popular tourism & investment in these 2 countries will reap this counter benefits.
It has recently announced the successful securing of a A$100m re-financing of facilities which will most probably boosts investors' confidence. This counter also has been lagging behind the stock market's surge in the recent few months.
Action:
Been starting to queue for Stamford Land @$0.42 starting from Friday, 08 Jan 10.
Ausgroup - $0.65, (Long term holding for Capital gain)
Last done $0.71
Provider of a range of products and services through fabrication, construction and integrated services to natural resource development companies.
Assists its clients to build, maintain and upgrade oil and gas production facilities, both onshore and offshore, surface and subsea and mineral resource materials handling and process facilities. Operates mainly in Australia and South East Asia.
Singtel - $2.91, (Long term holding for Capital gain & Dividend gain in CPFOAIS and/or SRS)
Last done $3.05, Yield of 4.10% (based on last done price of $3.05)
Well known Singapore Telco service provider; with overseas exposure
Parkway Life REIT - $1.22, (Long term holding for Capital gain & Dividend gain in CPFOAIS and/or SRS)
Last done $1.35, Yield of 5.67% (based on last done price of $1.35), Gearing of 23.2%
Asia's largest healthcare REIT; Investment Portfolio of 3 Hospitals & Medical Centres, 17 Nursing Homes, 1 pharmaceutical product distributing and manufacturing facility.
Owns the largest portfolio of strategically located private hospitals in Singapore, comprising Mount Elizabeth, Gleneagles Hospital and East Shore Hospital. In addition, it has 18 assets located in Japan, namely a pharmaceutical products distributing and manufacturing facility in Chiba prefecture and 17 high-quality nursing homes located in Chiba, Hyogo, Kanagawa, Osaka, Saitama, Fukuoka, Okayama and Tokyo.
Stamford Land - $0.42, (Long term holding for Capital gain)
Last done $0.43
Largest owner-cum-operator of luxury hotels in Australia. Focused approach in luxury brand positioning has proved to be highly successful in Australia and New Zealand for both our hotel and property development businesses.
My personal rationale for choosing the above 4 counters:
Ausgroup - Operations involve mineral resources, oil & gas production which are critical resources in the increasingly depleting natural resources climate
Singtel - Component of these indices: Straits Times Index, MSCI Singapore Country, MSCI Asia Pacific Telecommunications, MSCI Asia Pacific ex-Japan & S&P/ASX 200. In fact, Singtel is the biggest (12.95%) constituent of the STI (other top 2 are DBS [10.34%] & OCBC [8.75%]). It also has overseas exposure & investment with most of us being familiar with the Singtel (Optus) arm in Australia. Dividend yield is 4.30% based on personal target price of $2.91.
Parkway Life REIT - Parkway Life REIT is 1 of the only 2 REITs purely into Healthcare sector listed in Singapore Exchange. (I'm already vested in the other REIT counter; First REIT which has been giving me good Capital gain as well as Dividend gain). Sector of healthcare is going to be generally uptrend global wide. And in Singapore, it will be more so due to the aging population in Singapore as well as Singapore attempting to position itself as healthcare hub. The portfolio in Japan also serves as a diversified overseas assets.
Dividend yield is 6.27% based on personal target price of $1.22.
Stamford Land - Personally, I'm keen in its hotel and property development businesses based in Australia and New Zealand. I feel that popular tourism & investment in these 2 countries will reap this counter benefits.
It has recently announced the successful securing of a A$100m re-financing of facilities which will most probably boosts investors' confidence. This counter also has been lagging behind the stock market's surge in the recent few months.
Action:
Been starting to queue for Stamford Land @$0.42 starting from Friday, 08 Jan 10.
Trades for the week 04 Jan - 08 Jan 2010
Bought:
CDL Hospitality Trust (REIT) - 5000 shares @ $1.79 (08 Jan 2010)
Frasers Commercial Trust (REIT) - 20,000 shares @ $0.15 (08 Jan 2010)
CDL Hospitality Trusts
Yield of 4.52% (based on purchase price of $1.79), Gearing of 20.2%
- Looking to contra within next week
Frasers Commercial Trust
Yield of 5.33% (based on purchase price of $0.15), Gearing of 38.9%
- Looking at short term trading as it has not been rising much after most of the REITs have had their share of rising. Just missed Parkway Life REIT's surge from $1.20/.22 to $1.38 this week although I have been monitoring this for a few months and place it as one of the buys for this week, so too bad just missed it by a few days.
2010 Realised Profit to date: Nil
2010 Dividends received to date: Nil
CDL Hospitality Trust (REIT) - 5000 shares @ $1.79 (08 Jan 2010)
Frasers Commercial Trust (REIT) - 20,000 shares @ $0.15 (08 Jan 2010)
CDL Hospitality Trusts
Yield of 4.52% (based on purchase price of $1.79), Gearing of 20.2%
- Looking to contra within next week
Frasers Commercial Trust
Yield of 5.33% (based on purchase price of $0.15), Gearing of 38.9%
- Looking at short term trading as it has not been rising much after most of the REITs have had their share of rising. Just missed Parkway Life REIT's surge from $1.20/.22 to $1.38 this week although I have been monitoring this for a few months and place it as one of the buys for this week, so too bad just missed it by a few days.
2010 Realised Profit to date: Nil
2010 Dividends received to date: Nil
My Own Financial Investment Strategy II
More details after this post "My Own Financial Investment Strategy".
a) Cash
Mixture of long term holdings (for both Capital Growth & regular Dividend Gain), short term holdings (for Capital Growth) and Contra trades
- My main source of cash comes from my monthly salary and annual bonus etc and of course the capital & dividend gain from my stocks. Besides making purchases of stocks via the Singapore Exchange, I also make regular monthly purchases via the PSBP (Phillip Share Builders Plan) =>more details about the PSBP in another post soon.
- Another diversification I made in the recent few months is via Land Banking by Walton. An ex-colleague left his job to join Walton and introduced me to this concept. I'm pretty convinced by it and thus decided to invest in 1 unit which costs USD10,000 (the particular project which I'm invested in has a target timeframe of about 2 to 4 years). One of the major cons of Land Banking is that these are not regulated by MAS (Monetary Authority of Singapore) or any other authority in Singapore yet. But so what if stocks/listed firms are regulated? Some still delist at a much lower price than their IPO price or much lower than the high price at which many bought during the boom; most recent example being Chartered Semi-Conductor. Thus, I treat my investment into Land Banking as a form of diversification in terms of geographical as well as sector aspects.
- I'm aiming to achieve a minimum of 10% pa (per annum) via dividend and/or capital gain.
b) SRS (Supplementary Retirement Scheme)
Mixture of long term holdings (for both Capital Growth & regular Dividend Gain), short term holdings (for Capital Growth)
- I target to deposit an average of $5,000 into my SRS account per annum.
Since the cash in the SRS account couldn't be withdrawn till retirement age(unless one is willing to pay the penalty fees or on medical grounds etc), I will be investing the deposits in this account on stocks rather than earning the little interest by the bank.
- I'm aiming to achieve a minimum of 10% pa (per annum) via dividend and/or capital gain.
- Most of my friends/colleagues/financial planner to whom I mentioned that I making regular annual contributions to my SRS account are quite surprised that I started to do so from age of 28. I'll touch more upon the details of SRS and why I chose to start it off much earlier than most.
c) CPFOAIS (CPF Ordinary Account Investment Scheme)
Mixture of long term holdings (for both Capital Growth & regular Dividend Gain), short term holdings (for Capital Growth)
- Since the CPF OA funds (beside those used for housing payments) will be locked in the CPF OA till retirement age or till the CPF Minimum Sum is reached, I'm using the spare CPF OA funds to purchase mainly Dividend counters, aiming to achieve a minimum of 8% pa (per annum) via dividend and/or capital gain.
My timeframe for short term holdings ranges from 1 week to 6 months and timeframe for long term holdings will be more than 6 months. At this moment, personally I'll not bring in the "medium term" tagging yet as I feel that if I can and choose to ride out the ups & downs of any counter (i.e. not selling for profit taking or cut-loss), most probably I'll continue to hold on to that counter for quite sometime.
a) Cash
Mixture of long term holdings (for both Capital Growth & regular Dividend Gain), short term holdings (for Capital Growth) and Contra trades
- My main source of cash comes from my monthly salary and annual bonus etc and of course the capital & dividend gain from my stocks. Besides making purchases of stocks via the Singapore Exchange, I also make regular monthly purchases via the PSBP (Phillip Share Builders Plan) =>more details about the PSBP in another post soon.
- Another diversification I made in the recent few months is via Land Banking by Walton. An ex-colleague left his job to join Walton and introduced me to this concept. I'm pretty convinced by it and thus decided to invest in 1 unit which costs USD10,000 (the particular project which I'm invested in has a target timeframe of about 2 to 4 years). One of the major cons of Land Banking is that these are not regulated by MAS (Monetary Authority of Singapore) or any other authority in Singapore yet. But so what if stocks/listed firms are regulated? Some still delist at a much lower price than their IPO price or much lower than the high price at which many bought during the boom; most recent example being Chartered Semi-Conductor. Thus, I treat my investment into Land Banking as a form of diversification in terms of geographical as well as sector aspects.
- I'm aiming to achieve a minimum of 10% pa (per annum) via dividend and/or capital gain.
b) SRS (Supplementary Retirement Scheme)
Mixture of long term holdings (for both Capital Growth & regular Dividend Gain), short term holdings (for Capital Growth)
- I target to deposit an average of $5,000 into my SRS account per annum.
Since the cash in the SRS account couldn't be withdrawn till retirement age(unless one is willing to pay the penalty fees or on medical grounds etc), I will be investing the deposits in this account on stocks rather than earning the little interest by the bank.
- I'm aiming to achieve a minimum of 10% pa (per annum) via dividend and/or capital gain.
- Most of my friends/colleagues/financial planner to whom I mentioned that I making regular annual contributions to my SRS account are quite surprised that I started to do so from age of 28. I'll touch more upon the details of SRS and why I chose to start it off much earlier than most.
c) CPFOAIS (CPF Ordinary Account Investment Scheme)
Mixture of long term holdings (for both Capital Growth & regular Dividend Gain), short term holdings (for Capital Growth)
- Since the CPF OA funds (beside those used for housing payments) will be locked in the CPF OA till retirement age or till the CPF Minimum Sum is reached, I'm using the spare CPF OA funds to purchase mainly Dividend counters, aiming to achieve a minimum of 8% pa (per annum) via dividend and/or capital gain.
My timeframe for short term holdings ranges from 1 week to 6 months and timeframe for long term holdings will be more than 6 months. At this moment, personally I'll not bring in the "medium term" tagging yet as I feel that if I can and choose to ride out the ups & downs of any counter (i.e. not selling for profit taking or cut-loss), most probably I'll continue to hold on to that counter for quite sometime.
Saturday, January 9, 2010
Brokerage House
The 2 brokerage that I use for my stocks purchase/sale are POEMS & CIMB.
Commission for Singapore Exchange:
1st 50k S$, online trading, non-advisory -
POEMS: 0.28%, minimum $25
CIMB: 0.275%, minimum $25
I have the Citibank Online Trading Account since Dec 09 but haven't used it for any trading yet. Mainly, I use it for SMS alert for those counters under my watchlist - I can preset the lower & upper limit for any counter and the system will send the alert via SMS and/or email once the counter reach this limit. I indeed received the SMS alerts for those counters that reached their respective preset limit. Since this service is free, I'll be testing for a few more weeks to see how "realtime" the alert is.
Recently, I applied for the DBS Vickers Online Trading Account just last week and waiting for the account to be activated & linked to CDP. The perks of this trading account is that for the "cash upfront mode" (i.e. if one links it to his/her DBS/POSB savings account and transfer sufficient cash to the trading account before buying each counter)the commission fees (for purchase) will only be 0.18% (S$18 minimum) for Singapore market. However, since the cash will need to be transferred prior to the trade and thus paid "upfront", Contra is not allowed using this mode. I will definitely use this account to purchase the counters that I'm not intending to Contra to lower the commission fees.
Commission for Singapore Exchange:
1st 50k S$, online trading, non-advisory -
POEMS: 0.28%, minimum $25
CIMB: 0.275%, minimum $25
I have the Citibank Online Trading Account since Dec 09 but haven't used it for any trading yet. Mainly, I use it for SMS alert for those counters under my watchlist - I can preset the lower & upper limit for any counter and the system will send the alert via SMS and/or email once the counter reach this limit. I indeed received the SMS alerts for those counters that reached their respective preset limit. Since this service is free, I'll be testing for a few more weeks to see how "realtime" the alert is.
Recently, I applied for the DBS Vickers Online Trading Account just last week and waiting for the account to be activated & linked to CDP. The perks of this trading account is that for the "cash upfront mode" (i.e. if one links it to his/her DBS/POSB savings account and transfer sufficient cash to the trading account before buying each counter)the commission fees (for purchase) will only be 0.18% (S$18 minimum) for Singapore market. However, since the cash will need to be transferred prior to the trade and thus paid "upfront", Contra is not allowed using this mode. I will definitely use this account to purchase the counters that I'm not intending to Contra to lower the commission fees.
My Own Financial Investment Strategy
Currently, I will categorise my financial investment into 3 main "pots".
a) Cash
b) SRS (Supplementary Retirement Scheme)
c) CPFOAIS (CPF Ordinary Account Investment Scheme)
As of January 2010, my 3 "pots" are invested into the following:
a) Cash - Equities & Land Banking
b) SRS - Equities
c) CPFOAIS - Equities
Thus, for now, the above 3 "pots" and investment avenues will form the base for my financial route.
a) Cash
b) SRS (Supplementary Retirement Scheme)
c) CPFOAIS (CPF Ordinary Account Investment Scheme)
As of January 2010, my 3 "pots" are invested into the following:
a) Cash - Equities & Land Banking
b) SRS - Equities
c) CPFOAIS - Equities
Thus, for now, the above 3 "pots" and investment avenues will form the base for my financial route.
Start of my financial blogging
Have been deliberating to start off at some place to record down my route of financial advancement. So here's it, serving to share my financial investment, saving & budgeting aspects.
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