Sunday, 20 May 2018

(Post 26/week 21)Investment project part 2:How to read financial statement for moolahsense and summary of my moolahsense journey so far

8.How to read financial statements


The above link is one of the initial websites where I learn how to read financial statements, below is a summary of the link details


1. There are three type of financial statements, balance sheet, income statements and cash flow statements

2.Some important ratio in the balance sheet to understand the financial health of the company before investing: Current ratio, quick ratio, cash ratio, debt ratio, debt to equity ratio, net asset value per share.

3. As moolahsense only provide the current ratio, quick ratio and debt to equity ratio in its financial statements and what I used to gauge the SME companies financial health is just these three ratios, so  I am only going to focus on this three ratio

(one part of the moolahsense financial sheet)
Current ratio(simplified version)
  • A simple ratio of current asset divide by current liabilities
  • Current liabilities are debt that need 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
Quick ratio(simplified version)
  • 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
Debt to equity ratio(simplified version)
  • 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

The above three ratios are what I used to gauge the SME companies on whether or not to fund its loan campaign, there are other factors I take into consideration before I fund a campaign but first...let me summarize my moolahsense journey so far...

9.A summary of my moolahsense journey

By now if you had read through my various post in the blog, you would have known that I dislike complex jargon and try to simplify my blog post as much as possible(also, I do not really like to write a very long post)

So with that said, let's jump straight to the bullet!

(The above picture is my personal moolahsense dashboard)

My moolahsense account breakdown as follows
  • Total amount value:$3372.28
  • Total principal+interest received:$2442.56
  • Total interest received:$260.21(around 7.71% after doing the math, I started around July 2017)
  • Annualized risk adj return:16.45%(god knows where they pluck the number from?)
  • Your portfolio is performing better than 69.00% of all investor(yeah right, again god knows where they get the number from?)
  • Total funded campaign:13
  • Current ongoing campaign:10
  • Fully paid campaign:2
  • Delinquent campaign:1
The auto-allocation is definitely a bad idea(for me at least) as I always feel that one should do their own research and not entrust it with the computer(which is why I am not so hype on robo-advisor), most importantly, remember to always dyodd! (do your own due diligence!)

Conclusion: Due to a delinquent campaign, I have decided not to invest in moolahsense in the meantime and instead focus on stocks

Lastly, If you are would like to know more about crowdfunding do check out this blog which provides much interesting insight into the crowdfunding societies. Good luck with your crowdfunding endeavor!

Saturday, 19 May 2018

(Post 25/week 21)Investment project updates:Posb invest saver MAY 2018 summary and choosing a peer to peer lending platform

6.Posb invest saver

This week, my monthly regular saving plan letter has arrived!

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

Breakdown of my regular saving plan(A35) this month(May 2018)
Total amount(regular saving plan)A35:$100
Price per share:$1.112400
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/$1.12400=89.446242359=89 units

Summary: As of 18 May 2018, the share price of A35 is going down. At 6 May the share price was at 1.117(See the previous post). Will be watching it for any further movement before purchasing it in a lump sum, could also be a warning sign that economy is slowing down.

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

Breakdown of my regular saving plan(G3B) for this month(May 2018)
Total amount(regular saving plan)A35:$100
Price per share:$3.662300
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/$3.662300=27.081342326=27 units

Summary: As of 18 may 2018 market closing time, the share price of G3B is at 3.66. At 6 may, the share price was at 3.73(See the previous post) so it seems like the share price may be going down. Will be watching it along with A35 for any further movement before purchasing it in a lump sum.

(Current regular saving plan portfolio)

7.Choosing a peer to peer lending

The research link below from seedly is a very good comparison on the peer to peer platform in Singapore


  1. Require only minimally $100 for investing
  2. High-interest rates (this mean that it comes with higher risk as...
  3. The loans are for SME companies in Singapore which may default on payment(this is true as I already have one of my SME loan in the delinquent status)
  4. The platform all charge an investor service fee
  5. Always invest in the minimal amount(money that you can lose)
  6. Funding societies have a default rate of 1.48% and moolahsense has a default rate of 3.48%
However, The #1 Reason on why I used moolahsense more frequently than funding societies...

Because funding societies do not reveal the name of the companies that you can invest in compare to moolahsense(I am unable to provide a picture for proof due to confidentiality of the companies but you can see the review below)

(picture from this link)

But!funding societies loan campaign is definitely filling up faster than moolahsense and it's often hard to invest in a funding societies campaign as they are often fill up quickly and because its default rate is lower compared to moolahsense, so I would say both platforms are good to try out

(picture from this link)

Anyway, if you would like to know more about my moolahsense and funding societies journey do stay tuned for part 3(I don't really like writing a long post)on learning how to read financial statements and a summary of my moolahsense loan!

(Post 24/week 21)Zero dollar project:Carousell,bitcoin faucets,short link,online survey and adsense updates

Updates for this week zero dollar project...

2.Bitcoin faucets
3.Short link
4.Online survey
5.Adsense update


This week I sold away one of my favorite books: Japanese mythology, I remember when I was young I re-read this book many a time as I was fascinated with Japanese creature and urban legend. Over the years, we tend to found ourselves reading lesser and lesser of hard copies book and have perhaps switched to ebook. Parting away with some things may be hard but when you see your room clutter slowly decreasing, there is a sense of satisfaction:)

Let all strive for minimalism together!

This week earning for Carousell:$9

2.Bitcoin updates

(Current status of my cryptocurrency...)

3.Short link updates for this week

Last week

This week

Earning for this week short link update:$2.388-$2.0050=$0.383

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

This week survey that payout:Toluna ($20.00) and surveyon ($2.20)

The total payout for this week survey:$20+$2=$22


This week earning for Adsense:$0.05

Total earnings for this week zero dollar project:$9+$0.383+$22+$0.05=$31.433

That's all for the updates this week for my zero dollar project! stay tuned to part 2 and 3 of my investment project updates for this week!

Sunday, 13 May 2018

(Post 23/week 20)Investment project:Posb invest saver and why i choose Posb invest saver

6.Posb invest saver

This week, I have started a new posb invest saver for g3b. This may sound stupid but ever since I sold my g3b via my old posb invest saver, I found myself constantly monitoring the market like every 30 min to check whether the STI ETF has dropped so I can buy it in a large lump sum at once. With a new posb invest saver, I have limited myself to checking the price of the STI ETF once per month and it was a lot less stressful for me

As of 9 may, the STI ETF is slowly decreasing(or maybe increasing, who knows?) but not as fast as the rate I am hoping(oh well, nothing is perfect in life like I always say)

7.Choosing a posb invest saver plan

Before I reveal about my journey so far with peer to peer lending(moolahsense and funding societies), here is an explanation/research on how I chose my regular saving plan

The shiny thing thread in hardwarezone forum contain useful advice from shiny thing,a very experienced financial advisor, you can read about it here(Warning: its 700+ pages long and has a part 2!)

1.investing $100-$500 per month use posb and Maybank
2.investing $500-$1000 per month use OCBC @3%,min $5 or Maybank @1%,min $5
3.investing $1000-$3332 per month use OCBC @0.3% ,min $5
4.investing $1000-$5000 per month
Use standard chartered,@0.2, min 10

For monthly purchase of A35, there are only two options, standard chartered and posb

1.below 1k,use posb invest saver
2.above 1k,use standard chartered @0.2%,min $10

How to calculate the minimum sum to invest in a broker?(just to let you guys know that I am not plucking the number from the sky)

For e.g standard chartered trading rates is 0.20%, min $10 per transaction

We take:0.20%/100=0.002

$10/0.002=$5000(this is a minimum amount you need to invest to ensure that your transaction is worth it)

Due to me serving in national service with a paltry pay of $800, allocating $100 to Singapore bond index fund and $100 to STI ETF(g3b) is just right manageable hence I choose POSB invest saver. Besides, I am pretty sure everyone owns a Posb account from the first day you were born, hence convenient is also a huge factor here

Next week, I will reveal a little more about my peer to peer lending(moolahsense and funding societies) journey so far, stay tuned!

Saturday, 12 May 2018

(Post 22/week 20)Zero dollar project:Carousell,bitcoin faucets,short link,online survey and adsense updates

Updates for this week zero dollar project...

2.bitcoin faucets
3.short link survey


Another week of mailing and Meet up, this week I am happy to announce that my stamp booklet(10 stamps) has used finish. With each of my c4 size(A4) envelope using 2 stamps, this means I had already done 5 mailing. A new thing I learned this week is that the post office has this big letterbox(see picture below) to mail your large item(think Harry Potter book size)

This means that I do not have to queue up and pay extra charges for weighing and mailing at the post office counter, which could help save a lot of delivery fees and time in the long run. Also this week, I encounter an interesting carousell buyer who says he was donating the book to a children hostel and brought about 14 books off from me(Yes,14 books!).On top of that, he drove to below my BLK to collect the books, how convenient!(for me at least, haha)

2.Bitcoin faucets

This week update of bitcoin faucets

I also did some research on the exchange rate of cryptocurrency this week.

(still a long way 1 USD...)

3.Short link

Short link earning updates



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...

4.1 Toluna
4.3 yougov
4.4 mobrog
4.5 ipanelonline
4.6 viewfruit
4.7 mysurvey

This week another withdrawal from surveyon(min $2) and the first ever withdrawal from viewfruit(min $5)

This month earning from online survey(so far):$7


Thanks to consistent blog posts and thank you to all the readers(especially the readers!), Google has finally approved me for Adsense for my blog

Earning report for this week Adsense:

Stay tuned to my part 2: investment project!

Sunday, 6 May 2018

(Post 21/week 19)Investment project:My POSB invest saver journey so far...

5.POSB invest saver

*Note:I am not affiliated to any of the companies mention below

POSB invest saver has been a long time component in my portfolio,I bought the STI ETF(G3B) at the price of 2.90 around April 2016(see picture 1 below),it was pure luck at that time as I didn't know much about investing and wanted a saving plan but not with an insurance agent due to a bad experience with my father insurance saving plan payout hence post invest saver.However not long ago I sold my STI ETF(G3B) at 3.50(see picture 2) at April 2018 because I thought at that time that STI ETF(G3B) has reached it's peak 3.65 a few weeks before and was starting to drop

But however, the current price today(as of 1st may 2018)at 3.78(see picture 3 below) thought me something that is very important

(picture 1)

 (picture 2)

  (picture 3)

and that is the market index will always go up in the long run(only apply for a market index like ETF!, as an individual stock price may drop continuously)

Currently, I still hold ABF Singapore Bond Index Fund(A35)because it is still in the red, I bought it alongside with STI ETF(G3b) at NOV 2016 at its about 1.14(see picture 4 below) as of 30 April it is currently at the price of 1.12(see picture 5 below) and I have decided to continue to ride it out by buying it via the dollar cost averaging method at the current price

(picture 4)

(picture 5)

At that time, my mantra was starting investing young and early(I was 20 at that time) and nevertheless to say I think it turns out pretty good as I saw the money in my portfolio(STI ETF, G3B) increasing gradually and started to get more and more interested in the investing world.

I feel a little regret cashing out too early for STI ETF(G3B) but one must be content and satisfied with earning money no matter how small it is.Still, it is a very important lesson learned.

Currently, I am looking at adding even more ABF Singapore Bond Index Fund(A35) to my portfolio by investing in a large lump at once, about 5k maybe as it is currently at an attractive price of 1.12, the lowest in the whole history of A35 is 1.10. Also, DBS Vickers is currently having a promotion on its cash upfront account until 30 June

*Cash Upfront: 0.18% min SGD18
0.12%, min SGD10 plus get S$5 rebate for all online trades

That's all for this week, will continue to update more about my POSB invest saver next week!

*Financial disclaimer: All information on this blog is purely for information purposes. The Information in this blog is not intended to be and does not constitute financial advice. It is general in nature and not specific to you. You are responsible for your own investment research and investment decisions. In no event will this blog or its associates be liable for any damages. Under no circumstances will this blog or its associates be liable for any loss or damage caused by a reader’s reliance on the Information on this blog.
All information is accurate at the point of writing. However, readers are urged to check the latest information and data. Readers should do their own research and due diligence before making any investment decisions

Saturday, 5 May 2018

(Post 20/week 19)Zero dollar project:Carousell,bitcoin faucets,short link,online survey updates

Report on this week zero dollar project..

*Thanks for all the support!Google finally approve me for adsense!

2.bitcoin faucets
3.Short link
4.Online survey


This week is even better than last week,with a consistent upload of item on carousell and setting the mailing option to available there is a lot more buyers compare to the last few month

Honestly,I am starting to like the convenience of mailing so much that I am considering to just do away with meetup but nah,with only the meet up at woodland that's how I keep my cost cheap.However,mailing also has it's own set of problems such as bulky item(think books such as the size of harry potter)where it could not possibly fit through the mailing box and I could have to make a trip down to post office to weigh and mail.It is also very inconvenient for me as I am in camp for the weekdays and post office only open on the weekdays and early sat where the queue would be extremely long.But nevertheless,life is never a bed of roses so I would always tell myself to get out there and mail this book.Onwards to the minimalist life!

2.Bitcoin faucets

This week collection of bitcoin faucets

Nothing much to update this week since I have been focusing on carouselling

3.Short link

This week update of my short link earning

(last week)

(This week)

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

4.Online survey

4.1 Toluna
4.3 yougov
4.4 mobrog
4.5 ipanelonline
4.6 viewfruit
4.7 mysurvey

This week I have just added 2 more surveys to try out view fruit and mysurvey,as for yougov,mobrog, and ipanelonline, there is still quite a way to the reach the payout, hence that's all for my update this week!

Stay tuned to the part 2 of my post, investment project!