Sunday, 20 December 2015

A mock S-REIT portfolio

If I were to construct a high-yield REITs portfolio of 10 stocks (prices were taken from Nov15 as I drew this last month), this is how it would look like:

Market $ Entry $ Div yield% Shares P/B EV/EBIT Amount invested
Ascendas Hosp Trust 0.625 8.20 4800 0.7 26.7 $3,000
First Reit - health 1.19 7.00 2600 1.1 20.1 $3,094
CDL hosp 1.32 7.20 2300 0.8 15.6 $3,036
Ascott hosp 1.2 7.10 2500 0.7 28.8 $3,000
Mapletree logistics 1.005 7.30 2800 0.8 18.5 $2,814
Lippomall 0.305 10.20 10000 0.5 10.8 $3,050
Starhill global 0.765 6.80 3000 0.8 19.3 $2,295
Frasers Centrepoint 1.89 6.10 1600 1 20.3 $3,024
Ireit 0.685 7.60 4000 0.896 $2,740
CapitaRetailChina 1.335 6.90 3000 0.8 16.9 $4,005
0.998333 7.44 $30,058

This basket would give an average yield of 7.44% with an average price of $1 per share. I steered away from industrial reits because they weren't performing well. Each REIT is allocated about the same weightage in the portfolio. I cut down slightly on Ireit shares due to its very concentrated tenants portfolio (risk) but included it in this basket due to its unique exposure in the Europe market. I am currently vested in Capitaretail China.

Target entry prices are deliberately left blank because I want to observe how the market would react to the rising interest. It's too early to decide on the entry prices when the market is still bearish.

Also note that the REITs with oversea assets or debts in foreign currencies are subjected to exchange fluctuation risks.

I would review this in a few month's time.

If you are new to reits please read this first -

*Disclaimer: this is a mock portfolio for my experimental purpose and does not serve as a stock recommendation.

Revisit: Singapore Savings Bond

Singapore's interest rate is expected to rise in the coming year as Fed hiked interest rate ( So let's keep our eyes peeled to see if SSB would be following suit should bank savings interest starts to rise.

Is the economy really expected to be recovering next year or would it be toiled by the rate hike? I really have no idea... but if you want to have an inkling of idea how a rate hike would affect investments read interest-rate-and-its-effect-on-market.

Nevertheless, SSB is for you if...

  • You do not need money for middle to long term
  • Have a stomach for low risk bonds
  • Wanna park your money somewhere safe but more flexible than the lock-in CPF
  • Think that banks would not raise their interest rate any higher than SGB's

Get updated information at
and for bond rates.


Update Oct 15:

I have gotten $5000 subscribed just for the fun of it. I have not checked out how to liquidate it and how fast it would take should I need to, so dare not park too much cash there first.

Update Dec 15:

How to apply or redeem it?

SSB is issued by the government monthly. Full term of bond is 10 years with step-up interest.

You would first need to apply for a CDP account (which could explain the under-subscription rate as people who don't know about this or find it too troublesome would probably give a miss).

Then apply through DBS/POSB, OCBC or UOB ATMs or DBS/POSB internet banking. Please have your CDP account number ready when you apply. 
You CANNOT apply or redeem Savings Bonds over the bank counters in person.

A non-refundable $2 transaction fee will be charged for each application and redemption request. (Ya we know banks don't serve free lunches without service charge)


Saturday, 19 December 2015

5 reasons why I don't use a budgeting app

I have tried it but eventually gave up. Here are the top five reasons why I do not fancy a budgeting app:

1. I don't like to do frequent data input.
It can get quite irritating at times if I forget to key in any income or expense and the figures don't add up. Also it's a headache to be counting 'every cent in the wallet'.

2. I consolidate spending / savings on 3 monthly basis, since online banking statements are usually laid out in 1-3 months frame. I do a personal cash flow excel sheet yearly (or half yearly, depending on my mood) and review what are the unnecessary expenses.

3. I have a rough mental monthly budget on regular fixed spending, example: daily meals, transport, insurance. Then I just take note of any infrequent, extra spending that month, example: books, clothes, gadgets, travel. Groceries are all accounted for using one credit card.

4. I am not at risk of negative saving. I only invest opportunistically, not keen on regular investment plans.

5. Data security reasons - I am not sure if the data would be use by the app developer for other purposes or sold to third party data collectors.


Budgeting is a practice of discipline and habit but I would prefer to do it more flexibly and less stress-fully. If you think you have ZERO discipline in doing point 2, 3 and 4, then it might be useful to invest some effort and dollars on a budgeting app. But again, we would need quite a bit of discipline here to make full use of the app.

Monday, 14 December 2015

Time of the year to jump ship (soon)

It's the time of my career once again and surprisingly this time it didn't take as long as the previous one to decide. I like to go with reasons more often than the heart
(although sometimes they coincide to the same conclusion). Here is my rationalization thought process:

Why I work

- To earn a living
- To satisfy my passion for something I like to do
- To sell / provide solutions to others
- To achieve a cause that I believe in

I resign because

- The main motivator above doesn't hold true anymore
- Of lack of recognition given for my work done
- There are better choices out there eg. pay, progress
- The big boss add fires instead of giving support in fire fighting
- Sacrifice for the cause is too big or stressful to bear

What I would forgo

- Stable income
- Work incentives and medical benefits

Post-resignation plans (or options)

- Take a hiatus, travel around abit, and work part-time in between
- Find a full-time job of a different field (need to redefine my 'passion')
- Take up a course (maybe a new skill, a new language...)
- Start healthier living (eat on time, eat less fast food, start an exercise regime again, enough rest)

However... it never hurts to get the BONUS first and continue to fire-fight just a little while more.... *fighting*


"There are two types of mistakes: mistakes of ambition and mistakes of sloth.

The first is the result of a decision to act—to do something. This type of mistake is made with incomplete information, as it’s impossible to have all the facts beforehand. This is to be encouraged. Fortune favors the bold.

The second is the result of a decision of sloth—to not do something—wherein we refuse to change a bad situation out of fear despite having all the facts. This is how learning experiences become terminal punishments, bad relationships become bad marriages, and poor job choices become lifelong prison sentences." - The 4-hour Workweek

Saturday, 5 December 2015

Troubleshoot Draco TV setup box

Another just-for-fun gadget troubleshoot post here. Stock market is currently too boring and I am not about to post another 'Blue chips still still in red sea" + triple sad face.

I have just bought a digital tv setup box in preparation for UHF digital signal migration which is reported to be entirely replacing the current analogue signal by 2016. If you have no idea what I am talking about or have not watched the Kim Ng's advertisement saying how clear her pink hair would look on digital, please youtube it.

If you already possess a digital TV (you will know if it has that label on the black box below), you would just need to purchase an antenna to receive the signal. And those of you with subscribed TV channels eg. Mio, you don't need to get any set up box or antenna.

Troubleshoot questions and answers

If you don't want to pay all this fees (below), please read on.

How to receive the signal?

1. Ensure the antenna that comes together with the set up box is properly plugged into the 'RF in' port.
2. On the switch at the side but don't roll to the max.
3. Switch to the HDMI screen and wait for menu to show. (If you are using HDMI cable. For those using coaxial cables, erm you need to try switching around to find the screen output for it)
4. Select antenna 'on'. 'On' the beep sound as well so you could tell if the antenna is receiving the signal well.
5. Position the antenna where you can hear the beep loudly (most often is near the window). Adjust its power using the on/off switch at the side.
6. Try scanning for channels.

It fails to detect any channel after scanning. What next?

1. Reset the setup to factory setting using the password '1234'.
2. Repeat the steps above on receiving signal.

It fails to capture some channels. So how to retrieve them?

1. Delete all existing channels or do a factory reset.
2. Go to tool menu and scan for channels again. Ensure the frequency is in UHF.

The antenna must sit on my window sill to receive signal. So unglam, sigh... It also seemed like some channels are easier to receive than others and even the slightest change in proximity from the window can cause signal loss. Image quality wise is not fantastically clearer either, probably because my TV is already on High Definition. The colour tones look a bit different or I would say brighter that's all.

I wonder when would Mediacorp totally phase out the analogue RF next year. Only then I would totally switch over and teach my mom how to operate Draco as she prefers the 'on-switch-can-watch' tv for now. =.="
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