Saturday, April 30, 2022

Portfolio Update Apr 2022

April 2022 has come to an end. It is time for me to review my investment portfolios.

The stock markets have tanked and remained volatile engulfed under the immense noises engulfing Fed tapering, interest rates hikes, inflation fears, recession fears, Omicron variant fears, rise of US Treasury yields, Ukraine war, poor company quarterly results and so on.

Whether it is the beginning of a bear market or just a correction remains uncertain. Nevertheless, time in the market always beats timing the market. Every market tank leads to a rebound, stronger than ever before.

The stock market always and only goes up, at least for the S&P 500 or Dow Jones. SGX and HSI have no guarantee of such trend though.

I remain invested and continue to hunt for income-producing assets and growth businesses in the coming few weeks, for the long-term.

My SGX Income Portfolio value inches up to $283.2k from $282k last month mainly due to recovery of tourism related Ascott Reit and Suntec Reit.

My US Growth Portfolio value increases to US$17.4k from US$14.3k last month due to increased investment of Alphabet Inc.

My SRS Ultra Long-Term Portfolio value dips to $120.2k from $122.4k mainly due to plummeting of Keppel DC Reit caused by lower income and growth concerns.

Portfolio Actions

1. Added 1 share of Alphabet Inc. at $2580 and another share at $2278 on Tiger Broker.

2. Added 90 shares of Palantir Technology Inc. at $10.88 on Moomoo.

3. Nibbled 0.1 share of, Inc at $2572 on Syfe Trade.

Portfolio Dividends

1. Received $98 of dividends from Savings Bonds on 1 Apr.

2. Received US$1.88 of dividends from TSMC on 15 Apr.

SGX Income Portfolio

Portfolio Value = $283.2k

US/HK Growth Portfolio


Tiger Broker

Syfe Trade

Total Portfolio Value = US$17.4k

SRS Ultra Long-Term Portfolio
Portfolio Value = $120k

Thank you for reading. As always, stay safe and remain strong.

With love & peace, 

Friday, April 29, 2022

Nibbled, Inc. (NASDAQ: AMZN)


The share price of, Inc. (NASDAQ: AMZN) tanked by more than 10% today after reporting a loss of US$3.8 billion in 1Q 2022 compared to profits of US$7.7 billion in 1Q 2021, registering slow growth and falling short of market's expectations.

What worries investors are the free cash outflow of US$18.6 billion for the trailing 12 months compared to free cash inflow of US$26.4 billion for the trailing 12 months ending 31 Mar 2021.

I am loving this great opportunity as Amazon is another great big tech business that I have been eyeing for a long time.

Its dominance in the e-commerce world, cloud computing space, video streaming and advertisement business gave itself a strong economic moat unrivalled by most companies. I believe Amazon will thrive and continue growing at least for the next decade. Its investments into new computing infrastructure and warehouse distribution systems to grow its dominance in AWS cloud service provider arena and e-commerce supply chain result in great negative cashflow for the past year but such investments will definitely generate hefty recurrent cashflows in the long-run.

Using Syfe Trade platform, I nibbled 0.1 share of Amazon to initiate a tiny position.

This tiny 0.1 share will become 2 shares after 3 Jun 2022 because of the 20-for-1 stock split.

I am happy to start my investment in Amazon and will continue to add more shares in the coming weeks and months to ride on the proliferation of internet economy - e-commerce and cloud computing.

Thanks for reading. Stay safe and be strong as always. 

With love & peace, 

Wednesday, April 27, 2022

Alphabet Inc. (NASDAQ:GOOGL) tanked. Added more.


The share price of Alphabet Inc. (NASDAQ:GOOGL) tanked more than 3% today and around 20% since beginning of 2022.

This is after reported quarterly earnings that missed expectations. Net income of US$16.4b from revenue of US$68b that grew 23% year-on-year. Youtube advertising revenue was $6.87b vs. $7.51b expected.

How irrational can the market be?

Sensing opportunity during "crisis", I accumulated another share of Alphabet Inc.

My order at US$2278 has been filled this evening.

I now own 4 shares of Alphabet Inc., positioning for 80 shares post-split.

I reserve my last bullet to be fired near US$2000 or after the stock split on 15 Jul 2022.

I have earlier shared on the 8 reasons Why I Invested in Alphabet Inc.

Monopoly dominance, exponential growth, ever-growing share price, strong moat, stock split, resilience, below intrinsic value make this Mega Tech stock a no brainer to own for the long-term.

In the short-term, the share price of Alphabet Inc. will be volatile and subjected to further weakness due to noises of stagnated growth, losing market share to Tik Tok, lawsuits, interest rate hikes, recession fears, Ukraine war impact, inverted yield curve and so on.

In the long-term horizon post split, I believe its share price will grow by at least 20% annually, surpassing US$300 per share in 5 years and US$1000 per share in 10 years. I would be happy to continue accumulating more shares of Alphabet Inc. till the rest of the year.

Thanks for reading. Stay safe and be strong as always. 

With love & peace, 

Added Palantir (NYSE:PLTR)


I first nibbled 10 shares of Palantir Technology Inc. (NYSE:PLTR) at $22.65 in Dec 2021 using free money collected from selling put options.

I am also holding 2 put option contracts committing to buy 200 shares of Palantir at $20 by 19 Aug 2022. I will most likely be rolling them down to next year.

Yesterday I placed an order to buy 90 shares of Palantir at $10.88 and it was filled this morning at 4am. 

I now hold 100 shares of Palantir and can sell call options to collect premium soon!

Palantir has drawn flak from its secrecy data analytics business dealing with privacy and data from government and intelligent agencies. Despite enjoying growth in revenue and business, Palantir is not yet profitable and is burning cash due to facing rising costs and overheads. This is like catching a falling knife.

However, I believe in the growth prospects of the artificial intelligence and data mining software tools provided by Palantir which are trusted by the U.S government and becoming increasingly valuable in the commercial world. The recurring income streams from government contracts with U.S Special Operations Command, National Nuclear Safety Administration, U.S Space Force Command, etc. have provided stability to its bottom line. Its commercial growth accelerated last year and is at a faster pace than its conservative government business. This is a make or break business prospect in the long-term and I have confidence in the reward-to-risk ratio and decided to allocate at most 1% of my net worth in this company.

Palantir is a unique business with a strong economic moat offering unique data analytics solutions with sustainable competition edge. Its Gotham software allows U.S military and law enforcement agencies to maintain peace and order for not just U.S but also the world. Its data mining capabilities allowed the hiding location of terrorist Osama Bin Laden to be identified decades ago. Early this year, Palantir collaborated with Hyundai Heavy Industries Group to use data analytics to improve and streamline shipbuilding, offshore engineering, energy and industrial engineering processes. What's more to come? The latest rumours in the commercial space involve potential collaboration between Google and Palantir on their cloud platform and Foundry solutions respectively.

Thanks for reading. As always, stay safe and remain strong.

With love & peace, 

Monday, April 25, 2022

Money is Cash or Numbers?

When was the last time you touched a one hundred dollar note?

In today's digital payment world, often we only see numbers of money in our bank account balances from Internet banking or withdraw at most one hundred dollars of cash from ATM for daily expenditure. 

Today I withdrew wads of hundred dollar notes from UOB as my fixed deposit matured. To be exact, more than 1000 pieces as one thousand notes are no longer in circulation.

The renewal rate in UOB was only 0.7% p.a. which is too low and greatly erodes my money due to inflation. Initially I renewed the fixed deposit for a paltry interest sum of $679 for 10 months with $115k. 

However, after some research I decided to cancel the fixed deposit with UOB and withdraw full amount in cash.

I brought the cash over to OCBC as fresh funds to enjoy 1.28% p.a. interest rate for 24 months which is much more attractive.

Even though it is not financially wise to hoard too much cash away, the conservative self in me still prefers to keep cash in the banks first, to give myself some psychological support before I decide to invest more of my "new" monies in the stock markets.

There it is. My new fixed deposit with OCBC.

Thanks for reading. Stay safe and be strong as always. 

With love & peace, 

Saturday, April 23, 2022

5 Secrets of Billionaires' Mind

After researching and studying the lifestyle of billionaires and tycoons through books and interview videos, let me share a brief summary of how their minds work.

1. Live Poor

Billionaires are ultra rich but prefer to live poor. They tend to be frugal and live below their means. Their wealth gives them choices to buy whatever they need and want, but they would prefer to only buy what they need.

While there are some billionaires who like to flaunt their wealth and extravagant lifestyle on social media, most billionaires prefer to keep their personal life under wraps and live simply and peacefully.

Mark Zuckerburg, founder of Meta or former Facebook wears the same t-shirts and jeans everyday and drives a simple car, Volkswagen Golf instead of luxury fast cars. Bill Gate, founder of Microsoft and once the world's richest man only wears a cheapo $10 watch just like a Singapore's minister who only wears a Casio watch.

2. Don't need a budget

With immense discipline and instilled self-control, most millionaires do not need a budget to limit their spendings. Billionaires do not need a budget not because their bank balances have abundance of cash to spend, but because they have multiple income streams, yet only need a small portion of their fortunes to live life.

Even as the incomes of billionaires grow over the years, most tend to not increase their expenditure in tandem with more income. This is in contrast to poor men mindset which tend to spend more as they earn more, trapping themselves in a poverty cycle.

Budgeting is important to track one's expenditure and avoid unnecessary spending. It is great in the early phase of financial planning for most people on the streets but for billionaires whose lifestyle remains the same despite compounding growth of income, it is not necessary for them anymore.

3. Eat and dress simple

Billionaires do not like to waste time thinking about what to eat for meals. They eat whatever they like or in the easiest manner.

The world's richest man, Elon Musk only has a breakfast bar and coffee for breakfast, which sometimes he even skipped. His lunch consists of chicken or steak for protein, grains and mixed salad. His dinner has some animal protein and veggies. When he was in college, he challenged himself to spending $1 for a day of food by only eating hot dogs, peppers and oranges.

The most legendary investor, Warren Buffet enjoys junk food and has coke and Mcdonald burgers everyday for his meals and managed to live beyond 90 years old till now. Fastfood is relatively cheap in terms of affordability to a multi-billionaire. Mark Zuckerberg also enjoys Mcdonald and was seen eating burgers with his wife many times in Mcdonald.

4. Own income producing assets

All millionaires and billionaire tycoons own income producing assets. Most own real estates and/or business empires that churn out money even when they sleep.

Billionaires know how to manage risks of their investments and periodically rebalance their portfolios to achieve the optimal allocation of stocks, bonds, real estate or intangible assets of their overall wealth.

Billionaires also have access to illiquid physical assets such as arts, commodities, antiques or private company interests or equity that are uncorrelated with the market. As long as those assets have potential growth or income producing prospects, they would be more than willing to part their money to invest in them.

5. Do not follow the crowd

Many billionaires do not have herd mentality. Some may even have contrarian mindset when it comes to personal decisions and investments. They sense opportunities during crisis and sense danger during peaceful and greedy times. Millionaires like to separate themselves from the herd, and if possible, create own new herd and get others to join it i.e.. Elon Musk?

Many billionaires live in their own world. They do not compare their wealth with others. This is a bad habit which only people on the streets do. Billionaires run their own race and compete in their businesses by delivering better goods or services to humans.

Billionaires do not listen to noises but based their decisions on sound fundamentals and logic instead of irrational behavior such as fear or greed.

Thanks for reading. Stay safe and remain strong always!

With love & peace,

Saturday, April 16, 2022

Net Worth Update Apr 2022 | Surpassed SGD 1.25m!



The first $100k is the hardest to accumulate.

I can attest to it.

I took more than 27 years to accumulate my first $100k of wealth.

However I merely took the past 4 months to accumulate $100k of wealth!?

My net worth hits another all-time high of $1.26m.

It was $1.16m in Dec 2021 just 4 months ago.

I think the significant increase was because CPF interests, performance bonuses, dividends from SGX income portfolio and rebound of the stock markets are aligned in the the 1st Quarter of the year to bump up the paper value of my net worth.

I have completed the Retirement Sum Top-Up of $8k to my CPF Special Account and $15.3k contribution to my Supplementary Retirement Sum Account this year.

I have attained CPF Full Retirement Sum with Special Account surpassing $192k early this month. How I achieved this feat by mid 30s was also shared.

I intend to top up the Retirement Account of my mum with $8k over the next 2 months for tax relief.

In the US stock market, I plan to slowly increase my investments in growth businesses such as Alphabet Inc., Microsoft, Citigroup and perhaps even initiate a position in Amazon Inc., hoping to get on the boat before its looming stock split in Jun 2022.

On the local SGX front, I am on the lookout for the likes of high quality Frasers and Mapletree Reits to hit my target shopping prices before I add.

As my priorities are on the US and SG stock markets, I do not have plan to catch the undervalued Chinese or HK stocks. However, if I do have spare cash, I would not mind nibbling some Alibaba, Tencent or Meituan for accumulation.

The coming months in this year 2022 remain challenging and taxing financially, mentally and physically. Immense inflation and higher interest rates have caused prices of food and necessities to surge. The stock markets are likely to test lower supports, stay volatile and may enter the bear territories. WFH has begun to cease with more number of days to be spent commuting to office for work.

Stay focused. Remain on track. Be clear in our mind and heart. We will get to our goals and dreams eventually.

Thanks for reading. Stay safe and remain strong always!

With love & peace,

Tuesday, April 12, 2022

Accumulated Alphabet Inc. (NASDAQ:GOOGL)


I accumulated another share of Alphabet Inc. (NASDAQ:GOOGL) today.

My overnight order at US$2580 has been filled during wee hours while sleeping. 

I now own 3 shares of Alphabet Inc., positioning for 60 shares post-split.

I have earlier shared on the 8 reasons Why I Invested in Alphabet Inc.

Monopoly dominance, exponential growth, ever-growing share price, strong moat, stock split, resilience, below intrinsic value make this Mega Tech stock a no brainer to own for the long-term.

In the short-term, the share price of Alphabet Inc. will be volatile and subjected to weakness due to noises of lawsuits, interest rate hikes, recession fears, Ukraine war impact, inverted yield curve and so on.

In the long-term post split, I believe its share price will grow by at least 20% annually, surpassing US$300 per share in 5 years and US$1000 per share in 10 years. I would be happy to continue accumulating more shares of Alphabet Inc. till Jul 2022 post split and throughout the rest of this year.

Thanks for reading. Stay safe and be strong as always. 

With love & peace, 

Monday, April 11, 2022

Boosted. Another step towards normalcy


I went for a Pfizer booster shot today at the nearest community centre near my home.

I purposely drag till more than 8 months since my second jab on National Day for this booster jab, 3 weeks before expiry of my vaccination status. 

There was practically nobody in queue and no waiting time when I reached.

After the jab, I was given 15 mins to sit down and wait in the paediatric observation zone before being allowed to discharge.

There are no freebies i.e. free masks nor sanitizers this time.

Nonetheless, I hope that life will return to normalcy soon. Let humankind regain back our freedom which we used to own. Travel and do things freely ever before.

Thanks for reading.

As always, stay safe and remain strong.

With love & peace, 

Wednesday, April 06, 2022

A Grossly Undervalued Property Play with 2.7% Yield Stagnating in my Portfolio

Glassworks, Liverpool John Moore Student Accommodation in UK owned by Far East Orchard

A property developer, hotel operator, student accommodation provider or medical centre owner?

Far East Orchard (O10.SI) has the attributes of all.

It is currently trading at $1.12 on SGX at 60% discount off its book value at $2.76.

It has 459,947,000 weighted average number of shares and S$226.5m of cash and equivalents, implying a net cash of $0.49. At $1.12, it is a steal as we are getting some hotels worth $1.54 for free for every share owned! 

I initiated a small investment in FEO in 2018 when it was an undervalued property developer yielding dividends at more than 5% then. I also liked the property assets owned by them, particularly Novena Medical Centre and purpose-built student accommodations in the UK. It was also giving shareholders scrip dividend option to collect dividends in the form of shares, which align with my long-term perspective of investment in income-producing assets. As this company stock has very thin volume or free float owned by the public. I was also hoping for its value to be unlocked through a future privatization but this would require immense patience and luck.

FEO's hospitality business was impacted by the pandemic over the past 2 years as it owns hotels in Singapore i.e. Orchard Rendezvous Hotel, Village Hotel Albert Court, in Malaysia i.e. Oasis Suites Kuala Lumpur, in Japan, Denmark, Germany and Australia i.e. Adina Apartment Hotel Adelaide Treasury, Rendezvous Hotel Perth Central and so on. 

It recorded a profit after income tax of S$16.8m in FY2021 compared to net loss of $8.9m in FY2020. Its revenue in FY2021 dropped 4.8% year-on-year to $106.8m compared to FY2020.

With the opening up of borders and recovery of tourism industry, I believe its hospitality business will recover soon and do well in the short-term future.

In tandem with its resilient business segment - student accommodation and medical centre, and pivoting away from building condominiums for its residential business, FEO should do better by becoming more defensive with recurring income streams in the future, positioning itself more as a Reit than a property developer or hotel operator.

I am happy with my investment in FEO and would continue holding it for the long-term, patiently waiting for its value to be unlocked while earning at least a 2.7% dividend yield which is higher than CPF OA interest rate. However, I would think twice about adding shares to increase investment as there are better income or growth investment opportunities out there in the stock markets.

Thanks for reading.

As always, stay safe and remain strong.

With love & peace, 

Tuesday, April 05, 2022

The 14:36 min Run that Earns $200


Individual Physical Proficiency Test (IPPT) is a key aspect of National Service in Singapore to assess the fitness level of full-time and operationally ready NSmen.

As Singaporean sons, IPPT is either an annual national service liability to attempt and pass it or rather an opportunity to reap some monetary rewards from acing it.

For the past decade, I have been seeing this as an annual affair to earn back some money from taxes for my war chest to cover some brokerage costs for buying stocks. This is despite me being an unfit guy who rarely exercise or go for runs.

I have failed my IPPT marginally last year with 49 points. See: Took my IPPT today

Today I attempt my IPPT again in this window, before going for booster jab soon and refrain from exercising for 1 month before birthday, after which the new IPPT window will start.

I did 30 push ups and 35 sit ups, clocking 38 points for static stations in my uncle age group 6.

I need 16 points from 2.4km run to pass with 51 points or 23 points to pass with 61 points for $200 reward.

I risked my weak uncle heart to run 14:36 mins.

This is kind of slow considering I was able to run below 11 mins when I was teen 20 years ago.

Nevertheless, $200 in da bank via Paynow instantly!

I passed my IPPT with 61 points!

For the past 2 months, I exercised 3 times a week doing static exercises at home to build up my stamina but did not went out for running at all. 

I am happy with the result despite ending up with cramps, aches all over body but it's worth it. 

Thanks for reading.

As always, stay safe and remain strong.

With love & peace, 

Sunday, April 03, 2022

How I Achieved CPF FRS in mid 30s

Let me share some strategies on how I achieved this feat.

1. Work, work and work

Not born with a silver spoon, I started working odd jobs since teenage schooling days i.e. waiter, customer service officer, ah beng handphone shop, telemarketer, factory labourer and so on. Whatever freelance jobs available, I would have done it.

I was lucky to get several job offers before graduation from university and accepted an IT job with starting pay of $3.2k, rejecting other offers in semiconductor and aerospace engineering that pay slightly lower at $3k and $3.1k respectively more than a decade ago. My income has now more than doubled.

Working in a regular job gives us income and thereby consistent CPF contributions to all 3 accounts.

I aim to always grind long enough in a job to be eligible for annual salary increments and bonuses, which all translate into higher contributions to CPF accounts.

2. Transfer funds from OA to SA

By working consistently to have regular income with CPF contributions, we can then consider whether to transfer the funds from OA to SA. This act is to boost the interest income because SA has 4% interest rate which is higher than OA's 2.5%. 

In my first few years of working, I did transferred around $40k to 50k of OA funds to SA because I did not forsee buying a property using CPF OA funds anytime soon. After every monthly CPF contribution, I transferred every single cent of OA to SA, leaving OA balance zero.

This greatly helped to let my SA account have a strong foundation to compound and start growing earlier at a higher rate.

3. Retirement Sum Top-Up

As my income grew, I accumulated  more disposable cash. So after a few years of working, I started to make cash tops ups to my CPF SA through the Retirement Sum Top-Up (RSTU) scheme for tax relief.

4. Earn at least $6k asap

From working consistently in a regular job with decent salary increments, it is possible to propel our active income to hit the maximum amount which is subjected to CPF contributions. This magic figure is $6k. 

Try to work smart, upskill and learn, add value, gain valuable experience, sucking up to bosses if need be, to get the promotions for higher pay, or job hop to other companies or roles with higher pay or salary ceiling and strive to earn a salary of at least $6k as soon as possible in your career.

If you do not like to be a slave working for others, let your creative brain juices and entrepreneurial spirit motivate yourself to build up a business empire which provide decent goods, services or solutions that alleviate human pain points, to churn growing revenues and profits. Easier said than done, a successful business depends on a myriad of factors, many of which are out of your control. Being self-employed or owning a great business do help greatly in boosting one's income where the sky is the limit.

I personally did not work smart nor suck up to bosses nor job hop for higher pay. I merely farmed all the increments consistently and waited for my turn to be promoted for more increments. Nonetheless, I was lucky to be in a resilient IT industry providing essential services and hence hit $6k salary when I was 31. This allows me to farm the maximum CPF contributions for both employee myself and employer portion.

In the past 5 years, I was getting maximum contributions of $37,740 annually to my 3 CPF accounts.

From having maximum CPF contributions, we could accelerate the growth of our CPF SA towards FRS earlier.

5. Voluntary contributions to CPF

We could actually make voluntary contributions (VC) to our CPF (all 3 accounts) up to the CPF annual limit of $37,740. This is common for self employed but is also possible for those who did not manage to hit the $6k salary soon enough for maximum CPF contributions.

Though VC does not earn tax relief, it will still help to gradually boost CPF savings artificially and grow the SA account faster than if we were to purely rely on CPF contributions from salary alone.

I did not take this action but would like to share about this last resort to grow our CPF SA account and make steps closer towards FRS.

Actually, I could have achieved FRS much earlier 5 years ago. However, I held back by stopped transferring any OA fund to SA because I wanted to enjoy tax reliefs from RSTU as my income grew and considered using OA fund for property purchase.

See related posts:

1. Why I do not want my CPF SA to attain FRS in 2022?

2. Why I do not want my CPF SA to attain FRS in 2020?

Thanks for reading.

As always, stay safe and remain strong.

With love & peace, 

Saturday, April 02, 2022

CPF Full Retirement Sum Attained!


After the CPF contribution for my Mar 2022 income was credited, below are my CPF account balances.

My CPF SA has surpassed $192k!!! 

$192k is the CPF full retirement sum in 2021.

Hence, officially I have achieved this important milestone of FRS.

My CPF SA will be able to compound automatically at 4% to beat future FRS figures, assuming FRS increase at below 4% rate perpetually.

This will guarantee that I will be able to withdraw excess CPF savings above FRS from my CPF when I turn age 55 in 2 decades time.

Although I am happy to have conquered this feat, I am disappointed that I will no longer be able to participate in Retirement Sum Top-Up into my CPF SA from next year onwards.

This will result in lesser tax relief and hence paying more taxes to IRAS.

After all, paying too much taxes is a rich man woe, which is still financially better than not earning enough income for spending nor being eligible to pay tax.

I hope to share about how I managed to hit CPF FRS in mid 30s in a future blog post soon. Do stay tuned.

Thanks for reading.

As always, stay safe and remain strong.

With love & peace,