Current Portfolio
Challenger : $23780
Suntec REIT: $19350
OCBC 5.1% NCPS 100: $9,948
Total: $53078
Monday, November 30, 2009
Friday, October 9, 2009
09 Oct 2009 - Portfolio Updates
Bought 100 OCBC 5.1% NCPS today.
Current Portfolio
Challenger 82,000 * $0.28
Suntec REIT 15,000 * $1.08
OCBC 5.1% NCPS 100 * $97.80
Total Projected Dividends in 2010: $4,817.85 => $401.49 per month :) - 41.51%
Current Portfolio
Challenger 82,000 * $0.28
Suntec REIT 15,000 * $1.08
OCBC 5.1% NCPS 100 * $97.80
Total Projected Dividends in 2010: $4,817.85 => $401.49 per month :) - 41.51%
Thursday, October 8, 2009
01 Oct 2009 - Portfolio Updates
Bought 6000 Suntec REIT today.
Looking to accumulate more in Oct 2009...
Current Net Worth: $68,000
Looking to accumulate more in Oct 2009...
Current Net Worth: $68,000
Friday, September 25, 2009
25 Sep 2009 - Updates
With the market inching up, my portfolio is currently in positive territory!
Challenger - 82,000 * $0.285
Suntec REIT - 9,000 * $1.07
Challenger - 82,000 * $0.285
Suntec REIT - 9,000 * $1.07
Tuesday, June 2, 2009
02 June 2009 - Portfolio Updates
02 June 2009
Challenger: 82,000 * $0.22 = $18,040
Suntec REIT: 9,000 * $1.01 = $9,090
Total: $27,130
Bought 20,000 Challenger today.
My Portfolio is down 1.28%
Challenger: 82,000 * $0.22 = $18,040
Suntec REIT: 9,000 * $1.01 = $9,090
Total: $27,130
Bought 20,000 Challenger today.
My Portfolio is down 1.28%
Friday, May 29, 2009
29 May 2009 - Portfolio Updates
29 May 2009
Challenger: 62,000 * $0.22 = $13,640
Suntec REIT: 9,000 * $0.95 = $8,550
Total: $22,190
Sold my entire stake in FSL Trust today to lock in some profits.
My Portfolio is down 2.43%
Challenger: 62,000 * $0.22 = $13,640
Suntec REIT: 9,000 * $0.95 = $8,550
Total: $22,190
Sold my entire stake in FSL Trust today to lock in some profits.
My Portfolio is down 2.43%
Tuesday, May 19, 2009
19 May 2009 - STI Update
19 May 2009 Daily Chart
Looks like the rally is going on nicely, moving along the upper channel as shown, with support just above 2000 points.
Monday, May 11, 2009
11 May 2009 - Portfolio Updates
11 May 2009
Challenger: 62,000 * $0.19 = $11,780
First Ship Lease Trust: 20,000 * $0.41 = $8,200
Suntec REIT: Sold 3000 today => 9,000 * $0.87 = $7,830
Total: $27,810
My Portfolio is down 12.21%
Status towards Goal
Annual Dividends: $5,382 (17.94%) / Goal: $30,000
What a rollercoaster ride in the market today. With the market up in the morning, I sold 3,000 Suntec REIT to lock in some gains. The market closed at -72 points.
Challenger: 62,000 * $0.19 = $11,780
First Ship Lease Trust: 20,000 * $0.41 = $8,200
Suntec REIT: Sold 3000 today => 9,000 * $0.87 = $7,830
Total: $27,810
My Portfolio is down 12.21%
Status towards Goal
Annual Dividends: $5,382 (17.94%) / Goal: $30,000
What a rollercoaster ride in the market today. With the market up in the morning, I sold 3,000 Suntec REIT to lock in some gains. The market closed at -72 points.
Saturday, May 9, 2009
09 May 2009 - Portfolio Status
Portfolio (as at 08 May 2009)
Challenger: 62,000 * $0.19 = $11,780
First Ship Lease Trust: 20,000 * $0.455 = $9,100
Suntec REIT: 12,000 * $0.905 = $10,860
Total: $31,740
My Portfolio is down 9.80%
Status towards Goal
Net Worth (excluding residential): $50,626 (5.06%)
Annual Dividends: $5,553 (18.51%) / Goal: $30,000
Sold 2,000 FSLT to lock in some instant dividends. The sold units would be offset by opting for units on 29 May 2009. Thus, I would have made slightly more, as compared to opting for dividends directly.
Challenger: 62,000 * $0.19 = $11,780
First Ship Lease Trust: 20,000 * $0.455 = $9,100
Suntec REIT: 12,000 * $0.905 = $10,860
Total: $31,740
My Portfolio is down 9.80%
Status towards Goal
Net Worth (excluding residential): $50,626 (5.06%)
Annual Dividends: $5,553 (18.51%) / Goal: $30,000
Sold 2,000 FSLT to lock in some instant dividends. The sold units would be offset by opting for units on 29 May 2009. Thus, I would have made slightly more, as compared to opting for dividends directly.
Thursday, May 7, 2009
07 May 2009 - Portfolio Updates
07 May 2009
Challenger: Brought 20,000 today => (20,000 + 42,000) * $0.185 = $11,470
First Ship Lease Trust: 20,000 * $0.42 = $8,400
Suntec REIT: Brought 6000 on 06 May 2009 => (6,000 + 6,000) * $0.83 = $9,960
Total: $29,830
My Portfolio is down 13.65%
Status towards Goal
Net Worth (excluding residential): $47,907 (4.79%)
Annual Dividends: $5,878 (19.59%) / Goal: $30,000
Challenger: Brought 20,000 today => (20,000 + 42,000) * $0.185 = $11,470
First Ship Lease Trust: 20,000 * $0.42 = $8,400
Suntec REIT: Brought 6000 on 06 May 2009 => (6,000 + 6,000) * $0.83 = $9,960
Total: $29,830
My Portfolio is down 13.65%
Status towards Goal
Net Worth (excluding residential): $47,907 (4.79%)
Annual Dividends: $5,878 (19.59%) / Goal: $30,000
Tuesday, May 5, 2009
05 May 2009 - Updates
Daily chart of STI - 05 May 2009
Looks like the uptrend continues in the channel, hitting the target of 2000 points. If the trend is broken, we may see 1370 points again.
Monday, May 4, 2009
Dividends for May 2009
Upcoming Dividends for May 2009
Challenger: 11 May 2009 - 42000 * $0.012 = $504
First Ship Lease Trust: 29 May 2009 - 20000 * US$0.0245 = $725.20 (Assuming US$ exchange rate of $1.48)
Suntec REIT: 29 May 2009 - 6000 * $0.0291 = $174.60
Total: $1,403.80
As stated, I will receive $1,403.80 in dividends for May 2009. Although this amount is nothing to shout about, these will go towards my opportunity funds for accumulation of more shares.
Challenger: 11 May 2009 - 42000 * $0.012 = $504
First Ship Lease Trust: 29 May 2009 - 20000 * US$0.0245 = $725.20 (Assuming US$ exchange rate of $1.48)
Suntec REIT: 29 May 2009 - 6000 * $0.0291 = $174.60
Total: $1,403.80
As stated, I will receive $1,403.80 in dividends for May 2009. Although this amount is nothing to shout about, these will go towards my opportunity funds for accumulation of more shares.
Thursday, April 30, 2009
Portfolio Status - 30 April 2009
Portfolio (as at 30 April 2009)
Challenger: 42000 * $0.195 = $8,190
First Ship Lease Trust: 20000 * $0.38 = $7,600
Suntec REIT: 6000 * $0.735 = $4,410
Total: $20,200
My Portfolio is down 19.14%
Status towards Goal
Net Worth (excluding residential): $46,188 (4.61%)
Annual Dividends: $4,810 (16.03%) / Goal: $30,000
Challenger: 42000 * $0.195 = $8,190
First Ship Lease Trust: 20000 * $0.38 = $7,600
Suntec REIT: 6000 * $0.735 = $4,410
Total: $20,200
My Portfolio is down 19.14%
Status towards Goal
Net Worth (excluding residential): $46,188 (4.61%)
Annual Dividends: $4,810 (16.03%) / Goal: $30,000
Sunday, April 26, 2009
Credit Cards - Tools for success
Ok, credit cards don't really make you rich, powerful, nor famous. In fact, if utilised wrongly, can bring great financial disaster to one's financial.
However, when used correctly towards one's advantage, credit cards can be used to one's benefits. For example, my first credit card was the Diners Challenger card. Aside from the free 2 years subscription, I also get free challenger membership, which entitles me to member discount prices at Challenger stores (which I have a vested interest). I also get to earn points at the same time, which allows me to redeem stuff. Cool.
Benefits - Free Challenger membership
My second card was the OCBC Ikea card. Alright, I applied for this as I intended to get some furniture from Ikea, and wanted to pay via 0% interest instalments. Advantages includes 2 free flow drinks (coffee or tea) and member's prices at Ikea Restuarant. It is also great for weekend movies ($8) at Golden Village cinemas.
Benefits - Free Ikea membership, Golden Village $8 weekends tickets
Next, I got the POSB Everyday card, which basically gives 5% rebates at Carrefour, 3% rebates at Watsons, 1% rebates for paying Starhub bills, and SP Services bills. It also has a 0.3% rebate for anything else charged, at non participating stores.
Benefits - Rebates at participating merchants, DBS dining discounts
Next up, the Maybank Platinum eCard. This allows you free entry to Sentosa, via the Sentosa Express (train) at Vivocity level 3. Now I can enjoy the beach there as often as I want! It also has various discounts like attractions, dining and accommodation at Sentosa, much like the Sentosa Islander card.
Benefits - Free entry to Sentosa via Sentosa Express. Dining, attractions and accommodation discounts at Sentosa
Finally, I got the OCBC Robinsons Platinum card, for 5% rebates and member prices and discounts at Robinsons, and River Island, one of the coolest stores for clothes. This card is also great for the priority platinum queue at Golden Village.
Benefits - Rebates at Robinsons, River Island. Golden Village platinum queue + $8 weekends tickets
Not forgetting the cousins of credit card, the debit cards. Must haves include the SMRT Platinum Debit card, which doubles up as an ATM card, and an Ezlink card which gives 2% rebates for every $30 auto top-up. This means that after including the convenience fee of $0.25 per auto top-up, i will still earn $0.35 per top-up ($30 x 2% = $0.60 - $0.25 = $0.35). Talk about paying you $0.35 for every auto top-up. Cool. It is also great for VISA transactions, which gives 1% rebates. In addition, Citibank has various dining discounts at restuarants which you would be able to utilise.
Benefits - Rebates for Ezlink auto top-up, Citibank dining discounts
Next, we have the Standard Chartered XtraSaver debit card. This card requires a minimum monthly balance of $6,000 in your account, before any rebates are given. For Mastercard transactions, 2% rebates are given, while NETS transactions earn 0.5% rebates.
Benefits - Rebates for Mastercard and NETS transactions
With some many cards and benefits around, it is best to utilise the best possible discount for each card. If a store offers a 15% discount with a particular card, it is best to use the required card for the best bang for the buck. Otherwise, the XtraSaver card with 2% rebate is the next best bet. The savings from using the cards could add up to be substantial, and could enhance one's savings.
The most important lesson to note, is to ensure that credit card payments are made in full every month, so that interest would not be levied on late payments, which would defeat the purpose of the savings with the card.
However, when used correctly towards one's advantage, credit cards can be used to one's benefits. For example, my first credit card was the Diners Challenger card. Aside from the free 2 years subscription, I also get free challenger membership, which entitles me to member discount prices at Challenger stores (which I have a vested interest). I also get to earn points at the same time, which allows me to redeem stuff. Cool.
Benefits - Free Challenger membership
My second card was the OCBC Ikea card. Alright, I applied for this as I intended to get some furniture from Ikea, and wanted to pay via 0% interest instalments. Advantages includes 2 free flow drinks (coffee or tea) and member's prices at Ikea Restuarant. It is also great for weekend movies ($8) at Golden Village cinemas.
Benefits - Free Ikea membership, Golden Village $8 weekends tickets
Next, I got the POSB Everyday card, which basically gives 5% rebates at Carrefour, 3% rebates at Watsons, 1% rebates for paying Starhub bills, and SP Services bills. It also has a 0.3% rebate for anything else charged, at non participating stores.
Benefits - Rebates at participating merchants, DBS dining discounts
Next up, the Maybank Platinum eCard. This allows you free entry to Sentosa, via the Sentosa Express (train) at Vivocity level 3. Now I can enjoy the beach there as often as I want! It also has various discounts like attractions, dining and accommodation at Sentosa, much like the Sentosa Islander card.
Benefits - Free entry to Sentosa via Sentosa Express. Dining, attractions and accommodation discounts at Sentosa
Finally, I got the OCBC Robinsons Platinum card, for 5% rebates and member prices and discounts at Robinsons, and River Island, one of the coolest stores for clothes. This card is also great for the priority platinum queue at Golden Village.
Benefits - Rebates at Robinsons, River Island. Golden Village platinum queue + $8 weekends tickets
Not forgetting the cousins of credit card, the debit cards. Must haves include the SMRT Platinum Debit card, which doubles up as an ATM card, and an Ezlink card which gives 2% rebates for every $30 auto top-up. This means that after including the convenience fee of $0.25 per auto top-up, i will still earn $0.35 per top-up ($30 x 2% = $0.60 - $0.25 = $0.35). Talk about paying you $0.35 for every auto top-up. Cool. It is also great for VISA transactions, which gives 1% rebates. In addition, Citibank has various dining discounts at restuarants which you would be able to utilise.
Benefits - Rebates for Ezlink auto top-up, Citibank dining discounts
Next, we have the Standard Chartered XtraSaver debit card. This card requires a minimum monthly balance of $6,000 in your account, before any rebates are given. For Mastercard transactions, 2% rebates are given, while NETS transactions earn 0.5% rebates.
Benefits - Rebates for Mastercard and NETS transactions
With some many cards and benefits around, it is best to utilise the best possible discount for each card. If a store offers a 15% discount with a particular card, it is best to use the required card for the best bang for the buck. Otherwise, the XtraSaver card with 2% rebate is the next best bet. The savings from using the cards could add up to be substantial, and could enhance one's savings.
The most important lesson to note, is to ensure that credit card payments are made in full every month, so that interest would not be levied on late payments, which would defeat the purpose of the savings with the card.
Saturday, April 25, 2009
My Goal
Follow me on my journey to make a million $ in order to get out of the race rat!!!
- Primary Goal - One Million Dollars in Liquid Assets
- Secondary Goal - $30,000 annually in passive income
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