$$$ KPO and CZM $$$: November 2017

Wednesday, November 29, 2017

What's Harder than BTO? IPO

I always thought applying for a BTO was hard, until I try IPOs! $6 for 3 tries but did not get any!

Even though we did not get any shares from the public tranche, we decided to purchase MindChamps from the market and hold it long term because we believe that parents are willing to spend money on their children to give them the best. So I place an order before the market open at $0.84 but did not get any (not sure why). I continued to chase (kept modifying the order) the price and finally got in at $0.875 for 5000 units. MindChamps went on to close at $0.92!

On Monday (27th November), MindChamps closes at $0.96 which means it was trading at a PE of 43x! However, the next day, MOE releases a news -
MOE kindergarten kids get priority admission to co-located primary schools from next year which would definitely have an impact on private preschool including MindChamps. Not sure if MOE is trolling or already give face to MindChamps by releasing the news at this time. lol. The price went on to close at $0.915.

Appeal of MOE Kindergartens will shoot up, parents say. Parents simply want the best for their children and this news is a big deal! We decided to put a stop loss at $0.90 and guess what? We got kicked out today with a little bit of profit $104.11 (+2.4%) and an annualized return of +454.5%! So much for holding long term. Hahaha.

Should we chase No Signboard tomorrow? Probably not. Since the public tranche is 268.6 times subscribed, the public demand should be huge! Huat to those that got it!

Saturday, November 25, 2017

Redeeming KrisFlyer Miles for Singapore Airlines Suites = 38.6% Cashback!

One of our goals is to accumulate enough miles to fly to the United States in Singapore Airlines Suites for our honeymoon - once in a lifetime experience! We have finally turned that dream into a reality after 1.5 years of hard work (having > 10 credit cards and using the right credit card on the right occasion) with a confirmed Suites booking.

The last time we used miles for our flight - KrisFlyer 50% Redemption Promotion on SilkAir, the cashback equivalent for our return Economy SilkAir flight to Bandung was around 6.5%. What about this time round?

2 one way ticket to New York, John F. Kennedy International Airport can be redeemed for 240,000 KrisFlyer miles + $259.60! Let's take a look at how much it would cost to purchase the exact same ticket/flight for the same day.

Total fare (all in) would have been $23,419.60! We will never pay this amount of money for a flight! The correct way to generate/accumulate miles is to do it through specialized spending (paywave, dining and online) where one will be earning 4 miles per dollar.

As you can see, the miles earned on average till date is about 4 miles per dollar. The reason why UOB and Citi are below 4 is that there are general spending credit cards (UOB PRVI Miles and Citi Premier Miles) giving about 1.2 - 1.4 miles per dollar. SCB is on a different level because we simply signed up for the Visa Infinite card and paid the annual fee without any spending.

With this assumption, the estimated spending would be around $60,000 (240,000 / 4).

Simple maths:
240,000 miles = $23,160 ($23,419.60 - $259.60)
Cashback equivalent: $23,160 / $60,000 = 38.6%

Wahahahaha. Can cashback card beat that? Milelion shifu/master has already written an article about it so I will not go down that path - The ugly truth of cashback cards banks don’t want you to know.

Our miles journey started March 2016 and our 1st card was AMEX Ascend.

During this period, we had quite a few major expenses such as CZM's ring, wedding banquet, those holidays to London, Iceland, Paris, Hong Kong and Bandung, etc. that gave us the opportunity to accumulate miles at a much faster. We have to thank our parents as well whenever they take out cash to make payment, it will be intercepted by us and replace with our credit card. lol.

The question is should you cancel all your cashback credit card and start accumulating miles? My answer would be nope! Similar to all financial decisions, there is no one/best way to go about doing things. Before we started, we spent hours reading all the articles in Milelion to ensure that we know what we are getting into!

Miles may not be suitable for you due to the following reasons:

1. There is an expiry to it and we know cashback does not expire (but there is a cap/limit). lol. If you cannot generate miles fast enough, it might not be ideal for you. Credit card points expire around 1/2 years so you have to transfer the points out to KrisFlyer miles which has an expiry of 3 years. In total, the lifespan of miles would be around 4-5 years.

2. Devaluation of miles! Collecting miles would mean you will be at the mercy of the airlines. Our initial goal was to get return tickets to the United States but SQ devalued its KrisFlyer earlier this year which I blogged about previously - Felt Cheated by OCBC & SIA on the Same Day. In the end, we got to change our plan instead to one-way tickets.

3. Big family. First class/business ticket for your child/children does not really make sense.

4. You prefer to have only 1/2 credit cards for whatever reasons (too many cards make the wallet fat, forget to pay bills, etc.) because the common misconception is that people think they can accumulate miles with just 1 credit card. Sure, never say never :)

5. It is your principles in life that you will NEVER EVER pay any credit card annual fee. It is perfectly normal, we used to think that way too. However, playing the miles game would require you to do that because that is the best arbitrage opportunity! KPO simply cannot resist the thought of paying $2 for a $10 service.

The simple maths behind paying for annual fee:
Citi Premier Miles: $192.60 / 10,000 miles = 1.926 cents per mile
SCB Visa Infinite: $538.5 / 35,000 miles = 1.539 cents per mile
Singapore Airlines Suites: $23,160 / 240,000 miles = 9.65 cents per mile

6. Last but not least, "I am not interested in flying First Class/Business, Economy will bring me from point A to B just fine". The choice is obvious then. Stick to your cashback cards :)

Having said that, we do have cashback card where we make sure that we spent at least $500 on our OCBC cards every month to get the additional interest and everything else goes into miles. Who says one cannot have the best of both world? Hahahaha.

Hope that this article will encourage you guys to start playing the miles game or reinforce your plan to continue using cashback cards. No right or wrong :)

Time to research on what are the must do, must eat, must visit places in the US! We also need to look for a cheap economy ticket back... Hahaha.

Friday, November 24, 2017

CPF RSTU - Is It Worth It?

We are close to the end of the 2017 year and have worked for almost another year. In a few months time, we will be thanked "for our contribution towards nation building". lol. I am referring to the income tax.

NOA Sample from HDB

I have been thinking if I should be doing a CPF RSTU (Retirement Sum Top Up) to lower my tax. It is interesting to see how the facebook finance communities (Seedly Personal Finance Community (SG) and BIGS World - Build Wealth, Live a Good Life) advocates topping up of CPF as compared to my random conversations with my colleagues who almost all showed disgust towards doing it. My colleagues would look at it as though I am crazy and say something along the line of "topping up of CPF is one-way direction, you will never get it out". I would not argue with that statement because it is true to a certain extent.

I double confirm with CPF Board via Facebook messenger and gave them a hypothetical question to ensure that my understanding is correct. As you can see, one will be able to withdraw any amount in excess of FRS (Full Retirement Sum). Based on my FRS forecast, it will probably be around $300,000 when we are 55 years old (28 years later) assuming the FRS continues to increase at a 2-3% rate. I am pretty confident I will be able to exceed FRS if I continue to work and the policy does not change again. lol. My previous article on CPF Milestone ($40k in Special Account) and The Power of Compound Interest assumes that even if I stop working now and do nothing, the SA would have grown to $141,000.

As usual, KPO starts punching various numbers into Google Spreadsheet... The numbers generated are based on KPO's profile who has an earned income $1,000 relief and an NSman $3,000 relief which is group under "Other Reliefs". You can download the spreadsheet and modify the numbers to fit your profile.

The taxable/chargeable income is calculated by deducting the 20% CPF employee contribution and other reliefs against the total annual salary + bonus. The income tax rate would differ accordingly based on the taxable/chargeable income. You can refer to IRAS income tax rates for more information.

A $7,000 CPF RSTU would lower the taxable/chargeable income. When the stars are aligned, one can even have a 100% tax savings! lol. Having said that, it is definitely not feasible when we look at the below table. The amount $7,000 is relative to one person income. To enjoy that $80/100% tax savings, he would have to contribute 25% of his take home pay.

Besides looking at it from a tax saving point of view, one can also look at it from an investment point of view. The dollar tax savings can be treated as a return on investment/dividend. The reason is that I would probably use the $7,000 to buy stock and continue to grow our portfolio. From an investment point of view, the ROI would be equivalent to your income tax rate (most of the time except when you suddenly belongs to a lower tax bracket). On top of that, there is also a guaranteed 4% capital growth (SA interest) year on year. Hence, your guaranteed return for the first year would be your tax rate + 4% interest. The higher your income tax, the higher the return, the lesser it affects your cash flow (take home pay) which is limited to the CPF Annual Limit of $37,740.

To be honest, I have no idea where/how one can find such a high return, risk-free investment elsewhere. The market return may be higher but it is definitely not guaranteed. With this numbers, I am pretty sure what I will be doing. So is it worth it? It depends. Hahahaha. If someone says it is good, it doesn't necessarily mean that it is good for you, you got to make the decision yourself.

You can download a copy of the spreadsheet here - CPF RSTU. Have fun with the spreadsheet and I hope it helps in your tax planning/investment!

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Sunday, November 19, 2017

IPO Hit and Run Calculator

KPO is sharing more spreadsheet! Hahahaha.

We have a few IPO upcoming and the latest one is RE&S Holdings Limited (closes on tomorrow/19th November 12pm) followed closely by MindChamps (closes on 22 November 12pm).

This post is not about my analysis of the company. You can refer to these analyses:
- Singapore IPOs: RE&S Holdings Limited
- sginvestors.io: Phillip Securities IPO Note
- Singapore IPOs: MindCamps Preschool Limited

I did a 3 years analysis a few months back on IPOs - Will IPO Make Money - IPO Analysis for the Last 3 Years. Do take a look if you have not :) I jokingly concluded that we should participate in all the IPOs and sell on its opening day! While I was reading Mr. IPO's summary on RE&S Holdings, he mentioned that this IPO will be a hit and run and I thought of coming up with this spreadsheet.

A quick way to tell if a company is trading at fair value is to compare its PE against that of its peers. In the above analysis, we can be sure that RE&S Holdings is trading below the industry average PE. Do note PE comparison is a quick way to compare stocks, not the best way. Is there even a best way? lol.

Using RE&S Holdings as an example, the following highlighted fields can be modified/configured with the relevant numbers. Based on the budget/cash you have, it will automatically compute the number of units that can be applied. One can apply for IPO either through the public tranche (ATM or ibanking) with a $2 application fee or through placement where the brokerage fee is at 1% with 7% GST.

Assuming that we were allocated X number of units and we sell the stock at around industry PE which is $0.255. Regardless of the number of units allocated, we will definitely profit from it including all the fees!

However, if we were to sell the stock slightly higher than IPO price at $0.225, depending on the number of units allocated, we may/may not lose money after deducting the initial cost and the commission from selling the stock. This spreadsheet will also be helpful in determining a trailing stop loss for your IPO stock.

Google spreadsheet can be accessed here - IPO Hit and Run Calculator. Have fun!

On a side note, we will be applying for 101,000 units of RE&S Holdings Limited. Huat ah!

Do like any of the following for the latest update/post!
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Friday, November 17, 2017

StashAway Clarifications - Reward-to-Risk Ratio

I received an email titled as above from Freddy Lim (Co-Founder & Chief Investment Officer of StashAway) a few days ago regarding my previous blog post - StashAway - October 2017.

In the monthly update, there is a section "StashAway VS STI ETF" where I attempt to track and compare the performance of our StashAway investment with that of either STI ETF through different platforms. The rationale is that I have no way to compare the performance of the different robo-advisors but I can certainly compare it with both the STI ETF. The difference in performance would be the opportunity cost one would be experiencing for choosing any of the 3 investment options.

Below is a screenshot of his email:

Freddy states that a better comparison is to include risk/volatility of the asset using Reward-to-Risk Ratio. In his calculations, he provided the annual volatility for each asset, pro-rated them based on the holding period to arrive at the Holding Period Volatility and divided the returns I have computed (Holding Period Returns) with his figures.

Reward-to-Risk Ratio = Holding Period Returns / Holding Period Volatility

I quote, "For a given dollar of risk taken by investors, StashAway's P28 has produced 1.7 times the amount in returns. This is significantly higher than the two STI tracking ETFs which returned 1.25 and 1.27 times of risk taken". That certainly sounds logical but the question is how do I get/compute the annual volatility of each asset. So I responded to his email and Freddy was kind enough to provide the following explanations:

Unfortunately, KPO is not rich enough to subscribe to Bloomberg to get such information and his Maths is not good. Fortunately, I am a Friend of StocksCafe, so I shall try my luck by submitting a new feature request to Ph.D. Evan. Hahahaha.

Meanwhile, I have updated the spreadsheet - KPO & CZM StashAway Portfolio VS STI ETF to include the Reward-to-Risk Ratio using the above values provided by Freddy.

I would like to emphasize that the returns computed in the spreadsheet are too short (3 months) to be meaningful. I would say the same even 1 year later. 10 years later would be ideal but who knows if I will still be blogging then. lol. We know that in theory asset diversification will provide a higher return in the long run. Even a simple, 60% stocks 40% bonds would beat a 100% stocks allocation in the long run. The question is how long is considered long? We also know that high risk gives a higher return and vice versa but can we have the best of both worlds (minimum risk and maximum return)? This is what I hope StashAway will be able to help us achieve.

At the end of the day, I am doing this for 2 reasons - out of interest/hobby to track and see our investment grows and to report to my boss (CZM) since I am the one that persuaded her to invest our mutual fund (KPO Investment Fund) into StashAway.

StashAway Referral Link for Our Readers
Here you go: KPO and CZM Referral Link

Do like any of the following for the latest update/post!
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Monday, November 13, 2017

StashAway - October 2017

October has been an excellent month for stocks, high gets higher! Our portfolio benefited from it - Portfolio Update - October 2017. StashAway is no different, we had a much better return compared to the previous month - StashAway - September 2017.

One thing to note is that StashAway has changed their web interface and introduced mobile application - StashAway Just Got Better! (Mobile App + New Interface. The change can also be seen on the monthly statement.

1. ACCOUNT SUMMARY (as of the last day of the month)

Returns have been broken down into "Portfolio Returns" and "Currency Impact". Exchange Rates are captured for both "Opening Balance" and "Closing Balance" giving investors much more visibility into their money/investment. Our capital is $2,000 so there is a $20.14 gain.


We can finally see the P&L for the underlying ETFs!




I recommended/referred a friend to invest and will be enjoying fee waiver for the next 6 months :) Technically, it is only $10,000 managed for free but I do not foresee us reaching/exceeding that in the next 6 months.

In my opinion, these are all welcome changes and a testament to StashAway's commitment in providing the best platform by listening to feedback from their users/bloggers - A Coffee Session with Michele Ferrario - CEO of StashAway and Finance Smiths: StashAway Open Discussion. We were invited too but decided not to attend. We might attend if it is a masquerade ball. lol.

StashAway VS STI ETF
Since there is no way to compare the performances among the robo-advisors, I came out with a spreadsheet to track our StashAway portfolio performance (General Investing - Risk Level 28) against that of STI ETF which I will be updating on a monthly basis. For simplicity, I shall assume that one can either invest in Nikko STI ETF using POSB Invest-Saver or invest in SPDR STI ETF using SCB Priority Online Trading (no minimum commission). These would be the opportunity costs while we continue to invest in StashAway.

This month commentary: Interestingly, both STI ETFs are generating a much higher return than StashAway after fees. Although our StashAway account will not be incurring any fees till next year April, I will continue to add fees (estimated by taking the monthly-averaged assets x 0.8%/12 months) to the spreadsheet for better comparison. It is worth noting that the fees incurred by StashAway will probably exceed that of SCB Priority Online Trading soon.

Which is the best? Only time will tell :)

This is the link to our spreadsheet - KPO & CZM StashAway Portfolio VS STI ETF which I have also added to Our Portfolio page.

StashAway Referral Link for Our Readers
Here you go: KPO and CZM Referral Link

Do like any of the following for the latest update/post!
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Friday, November 10, 2017

Bye Yahoo Finance! Hi Alpha Vantage!

Update on 15th July 2020 - It seems that Alpha Vantage is no longer provided SGX data too...

Yahoo Finance decided to discontinued their API services last week and cause a lot of spreadsheets and Excel around the world to break including mine. lol. SGX data is very expensive hence Google Finance does not provide it and others charge a fee for it. Stocks.cafe (formerly SGX cafe) is paying thousands for the licensing fee - The True Cost of Being Free.

Kyith from Investment Moats was kind enough to come out with a workaround by pulling all the SGX stock price from his own site/server - Yahoo Finance Data Shuts Down – My Modification to My Stock Portfolio Tracker. However, that is slightly overkilled (loading 1022 stocks) if I am only interested in a few stocks' price.

While looking online for another alternative for SGX data, I saw people recommending Alpha Vantage and decided to give it a try. It is actually very easy to set up and I also found a code to parse the JSON data which makes my life even easier! So I decided to share a step by step instructions on how to set it up :)

1. Register for an Alpha Vantage API key

Go and Claim your API Key by filling up a simple form. Only first name, last name and email are required. After you have submitted, copy down the provided API key somewhere immediately! They do not send any email and you cannot login to look for it again.

2. Go to Script Editor in Google Spreadsheet

Open up the relevant Google spreadsheet, go to "Tools" and click on "Script editor". Next, copy and paste the below code snippet into the newly opened up window/tab.

You can name the project whatever you want and leave the script name as it is. It should look something like below.

Once you are done, save the project.

### Update on 11-11-2017
Some of you may have encountered a weird bug (getting a 0 instead of the latest price) which I believe is due to Alpha Vantage dropping the requests. I have added a sleep function so that it will not make all the requests at once. On the bright side, the longest it should take is 30 seconds due to limitation from Google Script side (all custom function will fail if it sleeps for longer than 30 seconds).

The function should be called in this way: =getAlphaVantageSlowly(B4, ROW())

3. Call the Function and Get your Price!

Simply call the function to get the latest price! Do note that the stock code format is similar to Yahoo Finance - "ABC.SI".

If you are more technical and can write your own code, Alpha Vantage provides other data as well, do refer to their API documentation for more information.

Hope this has helped you :)

Credits: The above code was found in one of investment moat's comments shared by chris.
Limitations: API call frequency does not extend far beyond ~100 calls per minute - Support

Friday, November 3, 2017

StashAway Just Got Better! (Mobile App + New Interface)

A few days ago, I was shopping in Google Play Store and I happened to come across the StashAway mobile application. I went on to check the developer information to confirm that it is a legitimate application.

For example, there are many fake WhatsApp applications out there, so be careful! Given the necessary permissions, these applications can actually spy/steal information from you. Read your files, messages, contacts, etc.

My bad, I digress... So I immediately downloaded the application and set it up. During the setup, you will be prompted to authenticate using fingerprint or PIN going forward.

You might notice that the interface is slightly different but everything that is accessible from the web interface can be accessed from the mobile application which is great! Not sure why StashAway did not broadcast/market their mobile application yet.

Regardless, you can download the mobile application here:
Play Store - https://play.google.com/store/apps/details?id=com.awp.stashaway&hl=en
iTunes Store - https://itunes.apple.com/us/app/stashaway-wealth-manager/id1229966330?mt=8

I was surprised to see a change in its web interface on 1st November after launching their mobile application! It is finally providing more information to the end user although I feel that there is still room for improvement.


Nothing much has changed over here. CZM and I only set up 1 portfolio using our a portion of our KPO Fund.


StashAway has broken down the returns into 2 parts:
1. Investment Returns (movement from prices of underlying ETFs)
2. Currency Impact (foreign exchange movement between SGD and USD)

Do note that the above returns exclude fees (one has to click on the question mark and read the information to be aware) which I felt was slightly misleading. The previous interface showed a single return after fees.

It also shows the Money-weighted Return/Internal Rate of Return (IRR) which is your total return after deducting the fees.

The new interface now allows one to change portfolio easily with a drop-down of all your portfolios.

This is my favorite change! One can now see the P&L of individual ETFs across 3 time periods (1 day, 1 month or all time) which gives one the visibility into which ETFs is making/losing money. This was one of our biggest complaint that there is insufficient transparency when the investor cannot even see the P&L of his underlying investments.

The dividends are still not visible to investors as of this moment. It will briefly appear as an additional row(s) under "Dividends" when a particular ETF is paying a dividend and once it is paid, it goes to the "Cash (USD)" component and the "Dividends" row(s) disappear into thin air. You will see it being paid in the monthly statement and that is about it, you would then lose that information/visibility forever. In my opinion, dividends contribute to the overall P&L of the ETF and should be shown in a separate column.


Nothing change in this tab. I was hoping the exchange rate during the conversion of SGD to USD would be captured somewhere, ideally here but guess not.

Let's wait and see if there are any changes to its monthly statement :)

StashAway Referral Link for Our Readers
Here you go: KPO and CZM Referral Link

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Portfolio Update - October 2017

Our portfolio grew by 6.76% to $286,449 - $8,217.65 of capital injection and around $9,925.66 of capital growth! I got to say the whole of October has been a really good month for property, construction and REIT stocks which form majority of our portfolio :)

There is a lot of activities this month!

- Saizen REIT (8,900 units) @ $0.03223 (Delisted - P&L: $3,184.64)
- Sing Holdings (4,400 units) @ $0.47 (P&L: $321.04)
- Wee Hur (5,000 units) @ $0.285 (P&L: -$313.21)
- Croesus Retail Trust (6,801 units) @ $1.17 (Delisted - P&L: $3,339.89)

Saizen REIT was one of our first investment in REIT and we have been holding on to it for about 3 years. I was hoping the reverse takeover would happen but it did not. The huge loss in P&L is because when it got bought over, it distributed its capital in the form of dividends last year. Overall, we made an absolute +39.9% from it and an annualized return of +12.4%.

I was just blogging about Sing Holdings last month that it should trade nearer to its peers PB and it came faster than I expected! It was sold as the trailing stop loss I set got triggered. Fortunately, the price was near what I had in mind and there was a better opportunity (Singtel). Overall, we made an absolute +18.4% and an annualized return of +514.6% for holding 34 days. lol.

I have always wanted to sell Wee Hur because it is not my kind of stocks (not an asset play or a dividend stock). I bought it years back when I was blindly following people in the forum without analyzing the fundamentals myself (I did not know how to do it then). The opportunity came this month when the price shot up too and I sold it on the same day as Sing Holdings for Singtel. Overall, we made an absolute loss of -16% and an annualized loss of -5.8%.

Croesus Retail Trust is another stock that got delisted this month as it was bought over at a premium to its NAV (similar to Saizen). Japan stocks are my lucky star. lol. Overall, we made an absolute +57.8% from it and an annualized return of +20.6% after holding for about 2.5 years.

- Geo Energy (18,000 units) @ $0.27
- Capitaland Mall Trust (4,000 units) @ $2.02
- Capitaland Commercial Trust (2,000 units) @ $1.643
- Singtel (1,000 units) @ $3.68

In short, Geo Energy is a stock with crazy growth potential and many many years of coal to mine. lol. I will not even try to tell you how to value it because I know I cannot do a better job than these people:

ThumbTack Investor: https://thumbtackinvestor.wordpress.com/?s=geo+energy
SmallCapAsia: Will Geo Continue to Deliver?
Heartland Boy: Geo Energy: Initiation Report
SG investors.io: https://sginvestors.io/sgx/stock/re4-geo-energy-res/analyst-report

We were pretty interested in the Lion-Phillip S-REIT ETF but eventually decided to buy the underlying. Hence, we bought the top 2 REITs in the ETF. I made a mistake with Capitaland Commercial Trust Rights too. You can refer to these articles if you have yet to read them:

1. Mistake on Rights Issue - CapitaLand Commercial Trust
2. How ETFs Work - Using Lion-Phillip S-REIT ETF as an Example
3. 3rd REIT ETF - Lion-Phillip S-REIT ETF

As mentioned above, there was an opportunity to buy Singtel. Given the limited capital and the timely stop loss of Sing Holdings, I went on to liquidate Wee Hur and top up another $200+. Why Singtel?

The above information is extracted from SGX StockFacts sorted by market capitalization. This may come as a surprise to you but the market capitalization of Singtel is actually larger than our 3 banks! Too big to fail? Their business is so diversified that the 4th telco has limited impact. Furthermore, a 4+% dividend yield for a blue chip with the potential for capital growth is extremely attractive!

The total dividends collected this month is $1572.30. The breakdown is as follows:

Company Symbol ExDate Shares Total
First Real Estate Investment Trust AW9U 27-Oct-17 7,000 $149.80
CapitaLand Mall Trust C38U 26-Oct-17 7,000 $194.60
GuocoLand Ltd F17 26-Oct-17 9,000 $630.00
Mapletree Greater China Commercial Trust RW0U 26-Oct-17 5,000 $185.70
Soilbuild Business Space REIT SV3U 20-Oct-17 30,000 $412.20

Total dividends collected for 2017: $10,099.22
Average dividends per month for 2017: $841.60


Capital: $2,000
Current: $2,032.56 (IRR: 3.2%)

StashAway made a few changes to their interface and we love it! I will be publishing a separate article to discuss them. Stay tuned :)

StashAway Referral Link for Our Readers
Here you go: KPO and CZM Referral Link

Health - KPO Needs to Lose Weight
Date: 2017-11-02
Weight: 75.6 kg (Lost close to 8kg already!)
BMI: 25.2

Bought a new toy - Mi Smart Scale!

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