New Toy - Mi Smart Scale

KPO purchase a new toy from Lazada - Xiao Mi: Mi Smart Scale to keep track of his weight loss journey but CZM thinks it is a waste of money. Hahahaha. The "kiam" part of me is also telling me that I should not be wasting money but the devils (Lazada and Xiao Mi) won in the end. What can I say, guys love electronics and games while girls love clothes, bags, and shoes?

I first started my weight loss plan on 4th September 2017 - KPO Needs to Lose Weight and my weight was 83.5kg with a BMI of 27.9. I was tracking it manually using a spreadsheet but got slightly lazy. I knew all along that Lazada was selling it for $36 but I felt that it was too expensive. Do note that this is from the official Mi Store after my bad experience with fake stuff on Lazada - Bad Lazada - 128 GB SD Card for $12.27?!.

However, Lazada tempted me with some credit card promotion together with my LiveUp rebate, the price was reduced to $25.89 which was equivalent to a 28% discount and the rest is history.

The thing I like about the weighing scale is that it automatically synchronizes your weight with the Xiao Mi app on your phone. Multiple profiles/people can be added to the app and it is smart enough to update the weight to the correct profile. It will then calculate your BMI and the relevant category you would belong. CZM is normal while KPO is still overweight >.<

As of today (27th October 2017), my weight is 76.9kg with a BMI of 25.6! I have managed to shave off 6.6kg (around 8%) in around 2 months including the 2 weeks we went Hong Kong and Indonesia for vacation and we eat non-stop!

Speaking of which, I will be blogging about our vacation soon since CZM is too busy. I also like how Xiao Mi is so encouraging by informing me that I am lighter than 43% of the people around the area instead of heavier than 57% of the people. lol.

If you notice, I have dropped the weight update on the recent posts because my friends are saying that it is too random. Hahahaha.

Mistake on Rights Issue - CapitaLand Commercial Trust

I made a mistake on CapitaLand Commercial Trust (CCT) rights issue! By now you would have come across the news - Capitaland Commercial Trust buys Asia Square Tower 2 for $2.09b. Although the acquisition is not yield-accretive (dividend yield decrease to 4.62% from 5.36%), KPO thought that it would still be a great idea to buy and hold CCT directly instead of the upcoming 3rd REIT ETF - Lion-Phillip S-REIT ETF.

The rights issue presented an excellent opportunity for me to become a shareholder at a price lower than the market price if I were to apply/oversubscribe to the rights! Technically, based on the theoretical ex-rights price (TERP) of $1.648 and a subscription price of $1.363, if I were to get my rights/baby shares at any price lower than $0.285 ($1.648 - $1.363), I would have the chance to get it lower than the market/TERP. Hence, I queued at $0.28 and got it on the second day when the rights started trading.

My plan was to buy 2000 rights and oversubscribe by another 2000 shares in the hope that I will be allocated some "bonus" shares at a cost of $1.363 which will reduce my entry price significantly.

Today, I called SCB and told them my grand plan that I would like to subscribe to all 2,000 rights and apply in excess another 2,000 shares. The person said that it might not be possible and put me on hold. When she returned, she asked if I own the mother shares (CCT), I said no. She replied saying that only those that owned the mother shares (CCT) as of the "Rights Issue Books Closure Date", 29th September 2017 can apply in excess.

I went on to question her if the person sold off all his rights, would he still be able to apply in excess assuming he owns the mother shares (CCT) as of the closure date and she responded with a firm yes!

This is not intuitive at all! The rights to apply shares in excess is not with the person owning the rights/baby shares but with the shareholder that sells you the rights. Do take note of this!

To all the readers, this is the mistake I made and I hope that it will not happen to any of you!

On the bright side, my total commission for owning 2,000 shares of CCT is $1.31 (0.04%). lol.

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StashAway - September 2017

Our StashAway September statement is out! If you are wondering, the statements are generated on the second week (Friday) of the month.

I have yet to set up the automatic transfer last month as we were still deciding the final amount to be put into StashAway. Last month, we went on vacation and I forgot about it totally and only transferred the amount on the 1st October 2017 so there is no new deposit shown in this statement. Eventually, we decided to just stick with $500 for various reasons. After all, our goal is to build a portfolio with dividends huge enough for early retirement so we prefer picking our own stocks. StashAway does not generate any cash flow and is used purely for capital growth.

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

Our capital is $1,000 so that is a $3.52 gain. lol.

2. SECURITIES BREAKDOWN 

Interestingly, there is a -$5.52 difference between the opening and closing positions.

3. CASH BREAKDOWN

Cash USD increases because dividends were collected. Cash SGD decreases due to fees charged by StashAway.

4. TRANSACTIONS

Dividends!

5. FEE CALCULATIONS

The fee for last month is $0.66. The total fee charged is $1.03.

You can compare it with last month statement - A Look Into StashAway Monthly Statement :)

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: The last few days have excellent for stocks and the whole market is so bullish. Nikko STI ETF closed at $3.46 while SPDR STI ETF closed at $3.36. Currently, both STI ETF are generating a higher return than StashAway after fees.

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

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