Sunday, 17 February 2019

(Post 80/week 62)TipforThought:5 tips on negotiation and staying in hotels!

Another entry from magazines that I pick up...

This week on TipforThought, here are 5 tips on negotiation and staying in hotels that I think would be useful to know.

Image result for negotiation cartoon

Here are 5 tips for the art of negotiation!

  • 1. If someone offers a good deal, consider the risk to ask for more. As Harvard business school professor Micheal wheeler write's in 2013 the art of negotiation, "When someone hands you a tasty piece of cake, with rich frosting to boot, think twice about asking sprinkler on top"
  • 2.When negotiating for money, such as selling your car or asking for a raise, ask for a range not a fixed number. This approach will make it harder for your partner to counter with a lower sum
  • 3. Update your boss regularly on your accomplishments. If you can save them for one session, you may come across as needy
  • 4. Don't fall prey to "negotiation myopia" a strategic mistake in which one party fail to see a solution that is mutually beneficial. Look for a resolution, in which both sides can be happy
  • 5. The effect of mimicry on negotiation found that 10 out of 15 buyers who subtly copied their partner's mannerisms during the thinking process achieved a deal, only two out of the 16 buyers who didn't mirror did not succeed

and here are 5 tips when staying hotels!

Related image

  • 1.“Ask and you will receive,” says Hilary Lewis, a housekeeping manager at Hotel Arts in Calgary. Most hotels will be happy to provide extra items, like DVD players, microwaves and even fridges, at no extra charge if they have them on hand.
  • 2. The filthiest thing in the room might be lying on your bedside table which is the TV remotes, studies have shown that TV remotes were covered in more bacteria than on public-toilet surfaces.
  • 3. For advice on what to do for the itinerary, trust the concierge as a source for local intel. “These highly trained professionals are the eyes and ears of the community,” says Fairmont brand president Jennifer Fox.
  • 4. Do not readily believe in the star rating of the hotel as the rating systems vary widely between countries. For example, in Italy, a hotel can earn five stars by simply having a 24-hour reception desk, rooms that start at 16 square meters and receptionists who speak three languages. A single star is awarded for changing the sheets once a week
  • 5. Booking late can get you the best deals. For same-day reservations, Peter Yesawich, the vice-chairman of international travel marketing services firm MMGY Global, recommends using, Or do it the old-fashioned way and call the front desk. If the place isn’t full, you’ll often get a discount.

Hope you enjoy reading these tips!

Tuesday, 12 February 2019

(Post 79/week 61)Learning investing/trading together part 13:A35(ABF SINGAPORE BOND INDEX FUND)

Learning trading/investing together part 12: A35(ABF SINGAPORE BOND INDEX FUND/ETF)

I am currently writing a guide on how to purchase POSB invest saver due to the numerous PM that I have received on Facebook. But before that, I need to explain a little bit about A35. I am sure everyone is pretty familiar with STI ETF(ES3 and G3B). You can refer to this link here if you need more information about the STI ETF. 

But, what about ABF Singapore bond fund index? Without further ado, let's get straight to it!

Image result for abf singapore bond etf

Overview of the A35

  • It is the first exchange-traded ("ETF") bond fund in Singapore, 
  • The Fund seeks to track the total return of the iBoxx ABF Singapore Bond Index
  • iBoxx ABF Singapore Bond Index tracks a basket of high-quality bonds issued primarily by the Singapore government and quasi-Singapore government entities.
What does iBoxx ABF Singapore Bond Index comprise off?
  • It comprised of Singapore dollar bonds issued by the Singapore Government or Singapore Government-linked entities  such as e.g Singapore government bond, Housing Development Board, Temasek, and Land Transport Authority, SP Power
  • It also comprised of Singapore dollar bonds issued or guaranteed by other Asian government, a quasi-government or supranational financial institution (e.g.Danga capital Berhad, Export-Import Bank of Korea, Korea Development Bank)
  • In short, It contains bond from Singapore, Malaysia and Korea
  • The pictures below from the annual show what does the iBoxx ABF Singapore Bond Index comprise off

  • You can download the annual report of A35 here, it contains the portfolio of the iBoxx ABF Singapore Bond Index

Reasons to invest in A35(ABF SINGAPORE BOND INDEX FUND)

  • Investors achieve diversification in one single transaction with minimum investment versus having to build a similar portfolio by purchasing individual stock, bonds or commodities which could require a huge investment outlay
  • The cost of investing in ETFs are generally lower than actively managed funds(for example, Units Trusts) in the same markets of assets
  • ETFs offer access to a variety of local and global markets, as well as asset classes, both broad and specific, which may be inaccessible to individual investors
Did you know?
  • You can invest in A35 using CPF SRS(supplementary retirement scheme)?
  • Read more about using SRS to invest in A35 here
Fund performance of A35

  • 1yr performance=2.01%
  • 3yr performance=2.85%
  • 5 yr performance=2.55%
  • I will be honest here, the fund performance return is not very impressive considering that the above performance is taken into account after reinvesting the dividend.
  • However, if you look below the chart in yahoo finance, it is pretty stable being that its min is at 1.00(red line) and its max is at 1.30(black line)

Dividend of A35(One of the most exciting parts of investing is the dividend!)

  • Dividend yield for 2017:1.89%
  • Dividend yield for 2018:2.31%
  • Dividend yield for 2019:2.31%
  • There is some mistake in the dividend yield for 2019, hence I have edited and replace it with the actual percentage of the dividend that I have received:2.31%
  • For more information about the dividend that I have received for 2019, do read more about it at my updates for POSB invest saver Jan 2019 here

  • I am pretty surprised that this index contains HDB and LTA, truly AAA rated!
  • History has shown that housing market has collapsed before(yes, I am referring to 2008 financial crisis), but Singapore housing market price is controlled by the government hence it is "rather" safe(take note of the word rather)
  • The fund performance may not be very impressive but it provides a better interest rate than most saving bank account or Singapore government bond.
  • Moreover, it provides the liquidity of selling away anytime should you need the money.
  • Ultimately, the decision to invest or not lies with you, remember to dyodd(do your own due diligence!)
The next post on learning investing/trading together will be on how to purchase from POSB invest saver, do look out for it!

Tuesday, 5 February 2019

(Post 78/week 60)TipforThought:how to mail and selling on carousell tip and tricks

This week tipforthought is about how to post a mail and some carousell tip, tricks, and hacks that I have research and used

Please do visit my carousell page if you would like to purchase any cheap second-hand book

How to post a mail?

Actually posting a mail is quite easy, you need to purchase the envelope and the stamp and off you go!

Step 1.Purchase the envelope

  • You can choose to purchase an envelope from either popular bookstore(around $3.50 for 10 pcs of A4 envelope if my memory serves me right) or any stationary shop or even Daiso(Try not to purchase from singpost outlets itself as it is a tad expensive).
  • In my case, I purchase A4 envelope from the Tesco supermarket in Malaysia when I make my monthly trip there due to it being cheaper than Singapore envelope price
  • Below is an example of the envelope that I have purchased

Step 2: Purchase the stamp

  • For purchasing of the stamps, you can easily do it at the nearest sam machine(see pic below)

                                                    Image result for sam machine
  • Here are the postage rates, for more information refer to the singpost website here

  • As I am using A4 envelope which also means C4 envelope, I will be purchasing $0.60 stamp from the SAM machine
Step 3:Write the buyer address,your return address and paste the stamp

  • Write the buyer address in the red box,e.g Pasir Ris drive 51 Blk 123 #02-01 s600123
  • Paste the stamp in the orange box
  • At the other side of the envelope,write the return address (your own home address) for return mail just in case, in the orange box,e.g Tampines drive 52 Blk 456 #03-02 s601456

Step 4:Mail it out
  • Mail it out at the nearest posting boxes, you can google the location for the nearest posting boxes

In the second part, I will be talking about some tip that I used to sell on carousell...

1. Regularly update your carousell

By regularly updating your carousell with listing, this has enable my carousell to have more sales.

As this article from Sonia point out, this is due to 3 reasons

1. Your followers get your updates in their browse views
2. Your new listing will show up on the homepage for random browsers
3. Newer listings appear higher when one uses the ‘recent’ filter

2.Updates on weekend

The best time to post on carousell is on a weekend as most people would have time to browse through the listing during the weekend

3.Delete and re-update your listing that is old

For those items that you have listed more than 3 month and above, you should delete and re-upload the listing so that it would help to boost your sales more

4. Share your listing on gumtree and facebook group

Gumtree along specific facebook group selling second-hand book has a lot of potential buyers, some of my buyers come from gumtree

5.Create a template to handle customers to save time

In my personal experience, I have created a template to reply to customers to save some typing energy(think of it like an answer or an automated chat bot).

If the buyer makes an offer, this is how I will reply...

1. Meetup is at an extra charge of 50 cents and mailing is at an extra charge of 1.50

2. Hi meetup is at xxx mrt only due to the low cost of the item

If the buyer chooses to meet up, this is how I will reply...

1. Hi, I will only be able to meet up on the weekend

and continue to  discuss with him on the arranged timing, however, if the buyer opts for the mailing option

1.ok sure, pls make payment via paylah at xxx

2.would I have your address for mailing purpose?

If the buyer does not have pay lah, this is how I will reply...

1. My bank acc is xxx, please let me know when you transfer

2.would i have your address for mailing purpose?

And last but not least, remember to thanks your buyers...

1.Please notify me when you have received the item and thank you for purchasing from me

That's all for this week tipforthought!

Wednesday, 30 January 2019

(Post 77/week 59)Investment project update:Posb invest saver JAN 2019 summary + dividend

Posb invest saver update(JAN 2019)

My POSB invest saver update for the month of Dec, read here

Regular saving plan updates for ABF Singapore Bond Index Fund(A35)

Breakdown of my regular saving plan(A35) this month(JAN 2018)
Total amount(regular saving plan)A35:$100
Price per share:$1.129300
Gross sales charge:0.5%
Net sales charge amount:0.5% of 100=$0.50
Net amount invested: Total amount-net sales charge amount=$100-$0.50=$99.50
Units issued: Net amount invested/price per share=$99.50/$1.129300=88 units

Summary: As of 19 JAN, the share price of A35 was at 1.131, has drop from last month, but still quite at the middle with its maximum at 1.25(2011) and its lowest 1.00(2008). Will be watching it for any further movement, once below 1.100 will make a bulk purchase.No change in sentiment from last month.

And also the dividend!

Fund name: ABF Singapore BOND index
Units held:2,255.00000

Dividend per share:$0.026200
Dividend amount:$59.09

Regular saving plan updates for Nikko AM Singapore STI ETF(G3B)

Breakdown of my regular saving plan(G3B) for this month(DEC 2018)
Total amount(regular saving plan)A35:$100
Price per share:$3.280000
Gross sales charge:0.82%
Net sales charge amount:0.82% of $100=$0.82
Net amount invested: Total amount-Net sales charge amount=$100-$0.82=99.18
Units issued: Net amount invested/price per share=$99.18/$3.280000=30 units

Summary: As of 19 JAN, the share price of G3B is at 3.274 and ES3 is at 3.29. Both ES3 and G3B has been on a Uptrend,but how long will this last? 

And also the dividend!

Units held:235

Dividend per share:$0.059700
Dividend amount:$14.03

(Current regular saving plan portfolio)

(When you trade long term through dollar cost averaging, no need to worry about the red:D)

Don't forget to DYODD(Do your own due diligence!)

Wednesday, 23 January 2019

(Post 76/week 58)Zero dollar project updates:carousell,Bitcoin Faucets,Short Link,Online survey and Adsense update

Updates for last week week of zero dollar project
2.Bitcoin faucets
3.Short link
4.Online survey
5.Adsense update



Been doing some heavy marketing everywhere, gumtree, facebook, you name it...

Total earnings for carousell from last update:$1 + $0.50 + $2=$3.50

2.Bitcoin faucets

Current coinpot holding

Bitcoin core: 6391 Satoshi
Bitcoin cash: 13446 bch
Dogecoin: 65.77 doge
Litecoin:  0.00228080 ltc
Dashcoin: 0.00080555 dash

3.Short link

Last update

current update

Total earning for short link last update:$4.3859-$3.836=$0.5498

For more information on how's I use both short link on my blog and YouTube, read here

4.Online survey

Current online survey on my list...(Bold mean that these survey websites have been verified for payout)

4.1 Toluna
4.3 YouGov
4.4 mobrog
4.5 ipanelonline
4.6 viewfruit
4.7 mysurvey
4.8 millleu(App on google play store)

Survey that payout:viewfruit,YOUGOV

The total payout from last project update:$5.00+$25.16=$30.16


Last week earning for Adsense:$1.89

Total earnings for last week zero dollar project$3.50+$0.5498+$30.16+$1.89=$36.01

That's all for the updates this week for my zero dollar project! stay tuned to my investment project updates for this week!

Tuesday, 8 January 2019

(Post 75/week 56)Investment project updates(Peer to peer lending):Moolahsense(My twelfth campaign)

Moolahsense(My twelfth campaign with Moolahsense)

Note*the company name will not be revealed just like the previous post as my money are still inside moolahsense, haha(this is not a sponsored post by the way)

Issuer summary
Date of listing:Mar 2018
Tenor: 6 months
Note type: Equal installment

Quoting from the moolahsense website
  • Equal installment:A promissory note by which an installment of the principal subscription amoung and/or interest accrued and due up to the date of payment shall be payable on such dates as set out in a repayment schedule specified in the promissory note, and on the maturity date, the principal subscription amount would have been paid in full
Repayment frequency: Monthly
  • Repayment frequency: Will be paid monthly
Target interest rate:24%P.A

Quoting from Moolahsense website
  • Target interest rate: The maximum rate the issuer is willing to provide the interest on the principal subscription amount which the issuer wished to obtain, as notified in writing by the issue to Moolahsese
Purpose: Working capital

Quote from valuepenguin:
  • Working capital: It is a concept to describe a business ability to cover its short-term operating costs
  • E.g For this campaign, I have funded $100 into it
  • As the target interest rate is 24% PA, this means that at the end of the tenor, which is 6 month I will expect to receive $112
  • 100%=$100
  • 12%(Interest for 6 month)=$12.00
  • 112%(The Principal + the interest)=$100+ $12.00=$112.00
  • Since the tenor is 6 months, each month I will receive $18.76(inclusive of interest) in payment/equal installment
  • 1month=$112.00/6=$18.66
Summary company profile

  • The issuer is a company incorporated in Singapore in 2014
  • The Issuer is in the manufacturing industry and has around 10 employees.  
  • The Issuer specializes in the manufacture of wooden containers and crates for industrial packaging purposes.
Detail of purpose

  • The Issuer seeks working capital for the performance of various container manufacturing contracts which have been awarded to the Issuer.
Financial statement

Will only reveal a part of the financial statement due to confidentiality. As I have mentioned a few weeks ago in my post, that I only mainly use this three ratio: current ratio, quick ratio and debt to equity ratio to decide in investing in a campaign, hence I will be showing its ratio below

The ratio is as follow(left side of the column is for the year 2017/right side of the column is for the year 2016)

Year 2017/Year 2016
(Current ratio 2017:2.57),(Current ratio 2016:5.2)

  • A simple ratio of current asset divide by current liabilities
  • Current liabilities are debt that needs to clear in the short term(in a year)
  • If a company has a current ratio less then 1.0, do not invest in it
  • If a company has a current ratio more then 2.0, May consider investing in it
  • The higher the current ratio, the better
  • For the current ratio of 2016:2.57, it is higher than the recommended range(>2.0)
  • For the current ratio of 2017:5.2, it is higher than the recommended range(>2.0)
(Quick ratio 2016:2.57),(Quick ratio 2015:5.2)

  • The quick ratio is almost similar to current ratio except that it is assumed that the company does not sell its inventories(e.g Toyota inventory is its car) or stock, it is still able to fulfill its debt
  • If the company has a quick ratio of 0.75 and below, do not invest in it
  • If the company has a quick ratio of 1.25 and above, May consider investing in it
  • The higher the quick ratio the better
  • For the quick ratio of 2016:2.57, it is higher than the recommended range(>1.25)
  • For the quick ratio of 2017:1.3, it is higher than the recommended range(>1.25)

  • (Total liabilities/equity 2016:1.44),(Total liabilities/equity 2015:1.16)

  • The debt ratio is calculated by total liabilities divided by the equity
  • If the company has a debt ratio of 1.5 and above, do not invest in it
  • The company should essentially have a debt ratio of 1.0, if the debt ratio is below 0.75, do consider investing in it
  • The lower the debt to equity ratio the better
  • For the Total liabilities/equity of 2016:1.44 it is out of the recommended range(<0.75)
  • For the Total liabilities/equity of 2017:1.16, it is out of the recommended range(<0.75)

    Why did I invest in this loan?
    • The current ratio and quick ratio of 2016 along with total liabilities/equity is out of the recommended range,however the current ratio, quick ratio are within the range, taken in to consideration that the loan is only 6 month, I have subcribe to this loan and in fact, the campaign has already ended some time ago and I have received the principal along with the interest
    Repayment schedule?

    link on how too read the effective interest rate for moolahsense:

    Monthly interest rate:interest/start balance=$2/$100=2%(Percentage conversion must *100)
    Effective interest rate:2%*6=12%(almost the same as the target interest rate at 12%(see the top of the post))

    From the above picture, you can see that the Net repayment is at $17.67 instead of the $18.66 that I have mentioned above at the working capital, hence I will do a calculation here again

    1-month repayment:$17.67
    6-month repayment:$17.67*6=$106.02

    $100(the amount I put in this campaign=100%

    The target interest rate as you can see in my above post is at around 24%P.A, after taking into account of the tenor rate being 6 months, which is 12 % and comparing it to 6.02% its almost 6% difference(i shall call this net interest rate instead)in this campaign. To conclude, this means that if you invest in a (24%P. A) high-interest rate campaign in moolahsense which has a tenor rate for 6 months, you will get only about 6%

    Stay tuned to my next week post:moolahsense(my eleventh campaign)!

    Friday, 4 January 2019

    (Post 74/week 55)Learning investing/trading together part 12: Boglehead investment philosophy

    This post serves as a summary of the Boglehead investment philosophy, which I believe is a good and easy to understand investment strategy, that an amateur like you and me can follow

    Please refer to this link to learn more about boglehead investment philosophy

    What is a Boglehead investment philosophy?
    • Boglehead investment philosophy simply follows a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor.
    • The basis of all of these principles is the idea that successful investing is not a complicated process, and can be accomplished by anyone with a small amount of effort.
    • These ideas come from the investing philosophy of Vanguard-founder Jack Bogle, hence it is called the Boglehead investment philosophy
    1.Develop a workable plan
    • The Bogleheads approach to developing a workable financial plan is to establish a sound financial lifestyle.
    • To summarise, live below your financial mean and avoid bad debt

    2.Invest early and often

    • Establish a regular saving pattern, minimum about 20% of your income should be enough
    • Arrange automatic saving deduction for your bank account, if you are forgetful like me, like in my case with posb invest saver
    • The graph below is a great example of why you should start saving early

    3. Never bear too much or too little risk

    • You need to be honest with yourself on how much risk you would like to take if the stock drop will you be able to sit through it without thinking about it all day? (I been through that and it wasn't a pleasant experience haha)
    • In summary, you can either follow shinything advice on having 110-your age in stock(e.g my age is 22 this year, hence 110-22=88% in stock and 100-88%=12% in bonds) You can read more about shinything thread here
    • Or, you can simply follow benjamin graham, father of value investing advice of simply either putting 25 % in bond or 75 % in stock or the other way around

    • Rather than picking individual stocks,Bogleheads buy funds that are widely diversified or even approximate the whole market.
    • This guarantees they will receive the average return of all investors. Being average sounds bad, but it is actually a great thing. That's because most investors perform worse than average after taking into account the high fee that they can pay for actively managed funds.

    5. Never try to time the market
    • Simply put, don't try to time the market unless you are a trader and have a very good plan

    6. Use index fund when possible

    • The best and lowest cost way to buy the whole stock market is with index funds (either through traditional mutual funds or ETFs)
    • One of such ETFs is our STI ETF (ES3 or G3B) OR Vanguard Total Stock Market Fund Which is the largest mutual fund in the world
    7. Keep costs low
    • Choose the index fund with the cheapest fees
    • Refer to my post on how to choose a brokerage here
    8.Minimize taxes
    • There is no capital gain tax or dividend tax for Singapore stock(that's the only great part about buying stocks in Singapore)
    • However, there is 30% dividend withholding tax for buying US stock if you're a Singaporean, for more information for dividend withholding tax please refer to my post on shiny thing thread here
    9. Invest with simplicity
    • The boglehead investment philosophy is simply following a 3 fund portfolio, a local stock market index fund ETF(Which in my case is the STI ETF: ES3 or G3B), a local stock market bond index fund ETF(Singapore bond index fund: A35) and an international bond index fund(Vanguard ETF)
    • For more information about the STI ETF: ES3 or Singapore bond index fund: A35, please refer to this post here
    • I do not own any international ETF as I do not have the capital yet(still working on it) 
    • The picture below shows an example of a 3 fund portfolio

    10. Stay on course
    • Do not panic when the stocks prices drop
    • Do not be distracted by other funds that are performing better, in short, only invest within your circle of  competence as Warren Buffett put it
    • Simply put,boglehead should  (1) save a lot, (2) select an asset allocation containing both stock and bond asset classes, (3) buy low cost, widely diversified funds, (4) allocate funds tax-efficiently, and (5) stay the course.
    • One of the wonderful things about Boglehead investing is that it generally only requires a part of a day to set up, and then about an hour a year of effort to rebalance. Beyond that, there is no need to watch the markets or follow financial news. Even better, it works. Although Bogleheads investing may seem strangely simple, it is based on decades of comprehensive research showing that buying and holding the whole market consistently outperforms many of the alternatives.
    • To understand more about rebalance,do refer to this post on the shiny thing thread here
    Remember to DYODD(Do your own due diligence!)