Tuesday 26 June 2018

(Post 35/week 26)Investment project updates part 2:Posb invest saver JUNE 2018 summary

8.Posb invest saver(JUNE 2018)

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

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

Breakdown of my regular saving plan(A35) this month(June 2018)
Total amount(regular saving plan)A35:$100
Price per share:$1.11700
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/$1.117.00=89.0778872=89 units



Summary: As of 22 June 2018, the share price of A35 was at 1.117, has some sign of going up due to STI ETF going down. Will be watching it for any further movement, 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(June 2018)
Total amount(regular saving plan)A35:$100
Price per share:$3.452300
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/$3.452300=28.72867364=28 units


Summary: As of 22 June 2018 market closing time, the share price of G3B is at 3.43 and ES3 is at 3.345. Both ES3 and G3B has been on a downtrend for the last days and I think highly likely it will continue its downtrend, this could be a sign that the economy is slowing down. Will be watching it along with A35

(Current regular saving plan portfolio)

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Friday 22 June 2018

(Post 34/week 25)Investment project updates:My first funding societies campaign experience/financial statement breakdown part 3

6.first funding societies campaign experience/financial statement breakdown part 3



To further understand more about reading financial statements, here is the pdf copy of a guide to reading financial statements: Download here

Financial statement as below:

Financials FYE 30 Jun
30 Jun 2015(audited),30 Jun 2016(audited),30 Jun 2017(audited)

(Revenue 2015:$22,121,189),(Revenue 2016:$40,818,446),(Revenue 2017:$58,522,060)
  • Revenue: It is also known as sales, is how much money a company brought in for a particular quarter or year. A solid company could see its revenue increasing year by year unless there is a one-off event
  • As you can see down the financial statements, the revenue is gradually increasing year by year making this a solid company, hence I will give it another +1
(Cost of sales 2015:$27,135,367), (Cost of sales 2016:$42,795,026),(Cost of sales 2017:$51,009,862)
  • Sometimes known as the cost of goods sold, it is the expenses directly involved with creating the revenue such as raw materials, service, and labour
  • E.g in a factory, cost of sales refer to electricity bill require to operate the machinery, fuel for transporting the workers etc(A little unsure about it myself also as there are many factors affecting the costs of goods)
  • Increasing cost of sales throughout 2015-2017, hence -1
(Gross profit 2015:-$5,014,178),(Gross profit 2016:-$1,976,580),(Gross profit 2017:$7,512,198)
  • Gross profit=revenue+cost of sales(cost of sales is considered as it is the expenses)
  • E.g 2015 (-$5,014,178)=$22,121,189+(-$27,135,367)
  • E.g 2016 -$1,976,580=$40,818,446+(-$42,795,026)
  • E.g 2017 $7,512,198=$58,522,060+$51,009,862
  • Gross profit is the difference between revenue and cost of sales, the number gives an indication of the company financial health and how well the company is able to price its product. Higher gross profit also indicates that the company is also able to fend off competitor within the same industry. With high gross profit, the company is able to pay for its operating costs and other expenses
  • Even though the gross profit start off in the negative zone it is generally increasing, this could be a +1 factor
(Depreciation 2015:$39,197),(Depreciation 2016:$11,416),(Depreciation 2017:$5,517)
  • It indicates how much of an asset value has been used up due to wear and tear. Depreciation usually applies to assets such as vehicles, machinery, computer, and furniture. Companies spread the cost of the assets over the periods they are used in
  • Basically, this means machinery, computer may break down in a company and expenses to repair the machinery or computer occurs
  • If you look through the financial statements below, you can see that the depreciation is generally decreasing over the years which is a good thing, another +1
(Staff Cost 2015:$14,563,597),(Staff Cost 2016:$3,931,966),(Staff Cost 2017:$2,611,415)
  • Also known as staff salary and related expenses or operating expenses, it also involves other expenses like administrative, marketing, distribution, and R&D. Please bear in mind that operating expenses are different from the cost of goods sold as they are not linked to the production of a product that brings in the company revenue
  • You can see that generally, the staff cost is decreasing over the years, some people may see this as the company saving money but if the company is constantly cutting cost to drive up the revenue, it is not a solid company as its revenue may become stagnant, hence a "not sure factor ",0 pt here
(Other operating expenses 2015:$72,692),(Other operating expenses 2016:$442,103),(Other operating expenses 2017:$42,885)
  • See staff cost, probably for miscellaneous stuff such as entertaining client, purchase of office equipment etc, quite a lot of other factor are also involve
  • What causes the sudden jump from 2015 to 2016? unknown factor hence +0
(Operating profit 2015:-$19,689,664),(Operating profit 2016: -$6,362,065),(Operating profit 2017:$4,852,381)
Link:https://www.investopedia.com/terms/o/operating_profit.asp
  • Operating profit=Gross profit + depreciation + staff cost +other operating expenses
  • E.g 2015 19,689,664=(-$5,014,178)+(-$39,197)+(-$14,563,597)+(-$72,692)
  • E.g 2016 (-$6,362,065)=(-$1,976,580)+($11,416)+($3,931,966)+($442,103)
  • E.g 2017 $4,852,381=$7,512,198+$5,517+$2,611,415+$42,885
  • Operating profit is an accounting figure that the profit earned from a company's ongoing core business operations, thus excluding deductions of interest and taxes. This value also does not include any profit earned from the firm's investments, such as earnings from firms in which the company has partial interest.
  • Operating profit can be calculated using the following formula:
    Operating Profit = Operating Revenue - Cost of Goods Sold (COGS) - Operating Expenses - Depreciation - Amortization
  • Initially, you can see that the operating profit in 2015 is in the negative zone but it is increasing gradually over the years into the positive zone, hence I believe they will be able to pay their debt and this loan, hence I will give it a +1
(Add: other income 2015:$227,998),(Add: other income 2016:$386,118),(Add: other income 2017:$24,935,046)
Link:http://www.investorwords.com/3522/other_income.html
  • Term on an earnings report used to represent income from activities other than normal business operations, such as investment interest, foreign exchange gains, rental income, and profit from the sale of non-inventory assets
  • This part is also a little mystery to me, I think its probably due to them being listed in the sgx and gaining fund from the shareholders as being a civil engineering company, I think it is unlikely to gain other income in the form of rental income and profit from the sale of non-inventory assets or maybe the management is using the fund to invest, as I am unsure about this part, I will probably give it a +0 point
(EBIT 2015:-$19,461,666),(EBIT 2016: -$5,975,947),(EBIT 2017:$29,787,427)

Link:https://www.investopedia.com/terms/e/ebit.asp
  • EBIT stands for: Earning before interest and tax
  • EBIT=Operating profit + Add: other income
  • E.g 2015  -$19,461,666=(-$19,689,664)+($227,998)
  • E.g 2016  -$5,975,947= (-$6,362,065)+$386,118
  • E.g 2017 $29,787,427=$4,852,381+$24,935,046
  • Earnings Before Interest & Taxes (EBIT) is an indicator of a company's profitability, calculated as revenue minus expenses, excluding tax and interest. EBIT is calculated as:EBIT = Revenue - Operating Expenses (OPEX) or EBIT  = Net Income + Interest + Taxes
  • EBIT is also referred to as Operating Earnings, Operating Profit, and Profit Before Interest and Taxes (PBIT)
  • The same stand with operating profit, the EBIT is increasing gradually over the years, hence I think this is another +1 factor
(Less: other loss 2015:$31,874,460),(Less: other loss 2016:$4,349,182),(Less: other loss 2017:$2,594)
Link:https://www.reviso.com/accountingsoftware/accounting-words/loss
  • Loses can result from a number of activities such as; sale of an asset for less than its carrying amount, the write-down of assets, or a loss from lawsuits
  • Losses on Sale of Assets: This is known as a nonoperating item resulting from the sale of an asset (excluding inventory) for less than the amount shown in the company's accounting records. Meaning that the asset was sold for less than it was worth in the company's books.
    Since the loss is outside of the main activities of a business, it is reported on the income statement as a nonoperating or other loss.
  • Loss from Lawsuit: A reduction in net income that comes from a judgment against the company. 
  • In my opinion,most of the loss that this company have is probably from litigation that I mention in part 2 of this campaign, as this company nature is in the construction and civil engineering business it probably have to pay out some compensation to the workers or pay a fine to MOM(ministry of manpower) for failing to adhere to safety practice
  • This definitely gets a -1
(Net Profit (Loss) for the year 2015:-$51,336,126),(Net Profit (Loss) for the year 2016: -$10,325,129),(Net Profit (Loss) for the year 2017:$29,784,833)
Link:https://www.investopedia.com/terms/n/netloss.asp
  • Net Profit(Loss) for the year=EBIT+Less: other loss(Less: other loss is counted as negative due to it being a loss)
  • E.g 2015  (-$51,336,126)=(-$19,461,666)+(-$31,874,460)
  • E.g 2016 (-$10,325,129)=(-$5,975,947)+$4,349,182
  • E.g 2017 $29,784,833=$29,787,427+$2,594
  • Net loss also referred to as a net operating loss (NOL), is the result that occurs when expenses exceed the income or total revenue produced for a given period of time. Businesses that have a net loss don't necessarily go bankrupt because they may opt to use their retained earnings or loans in order to stay afloat. This strategy, however, is only short-term, as a company without profits cannot continue surviving for a long period of time.
  • The same stand with operating profit and EBIT, the net profit and loss is decreasing gradually over the years and this means that the business is gradually getting better, hence this get a +1
(Fixed Asset 2015:$12,293,719),(Fixed Asset 2016:$11,572,250),(Fixed Asset 2017 :$6,631,746)
  • Fixed asset are property, plant equipment, and vehicles. These assets are used to operate the business but are not available for sales.
  • Decreasing fixed asset may be a bad sign or perhaps the company is cutting cost, hence +0
(Current Asset 2015:$51,415,834),(Current Asset 2016:$20,220,709),(Current Asset 2017:$28,853,352)
  • Current asset are asset that is expected to convert into cash for the company such as cash and short-term deposits(sometimes known as cash and cash equivalents or cash and bank balances), inventories, trade receivables, and the money for the companies is expected to collect as part of the progressive payment for a project (applicable to a project based company). under current assets, a few important you should know are:
  • Cash and cash equivalents are the amount of money the company has in the bank. Remember, cash is KING!if the company has more cash, it will either mean that the company may not need to borrow or need only to borrow a little to operate the business Investors love to invest in a company that has low or no debt(borrowing). With little to no borrowing, the companies will be spared from high-interest expense or the probability of running into problems repaying the debt if the business is not profitable or not growing. However, if the company is sitting on a pile of cash but is not returning the cash as the dividend to the shareholders or expanding the business, the management is not putting the money to good use and generating a better return for shareholders )
  • Being a SGX listed company,some of the current asset is probably paid to shareholder as dividend and probably used to pay their debt,the current asset has decreased over the years,however a low current asset not necessary be a good thing(as it may mean that they do not have enough cash for emergency used )nor a high current asset (as it may mean that the company is currently sitting on a pile of cash but is not returning the cash as dividend to the shareholders or expanding the business as such this is also another "not sure factor", so I will give it +0 point here
(Total Asset 2015 :$63,709,553),(Total Asset 2016:$31,792,959),(Total Asset 2017:$35,485,098)
  • Total asset=Fixed asset +Current asset 
  • E.g 2015  $63,709,553=$12,293,719+$51,415,834
  • E.g 2016  $31,792,959=$11,572,250+$20,220,709
  • E.g 2017  $35,485,098=$6,631,746+$28,853,352
  • The total asset that a company have, as its above factor are +0, this will be +0 too
(Fixed Liabilities 2015:$0),(Fixed Liabilities 2016:$0),(Fixed Liabilities 2017:$0)
Link:https://en.wikipedia.org/wiki/Fixed_liability
  • fixed liabilities are debts, bondsmortgages or loans that are payable over a term exceeding one year. These debts are better known as non-current liabilities or long-term liabilities. Debts or liabilities due within one year are known as current liabilities.
  • No liabilities at $0? ,+1 point!
(Current Liabilities 2015:$98,426,519),(Current Liabilities 2016:$76,835,054),(Current Liabilities 2017:$26,543,565)
  • Current liabilities: current liabilities are what the company owns and must be repaid within the current accounting year. These include trade and other payables(also known as trade creditors), loans and borrowing, amount due to customers for contracts and contract work in progress(applicable only to a project based company) and other financial obligations
  • Basically, this includes this loan too!
  • As the current liabilities is decreasing year to year, I will give it +1
(Total Liabilities 2015:$98,426,519),(Total Liabilities 2016:$76,835,054),(Total Liabilities 2017:$26,543,565)
  • Total liabilities=Current liabilities + fixed liabilities
  • E.g 2015 $98,426,519=$0+$98,426,519
  • E.g 2016 $76,835,054=$0+$76,835,054
  • E.g 2017 $26,543,565=$0+$26,543,565
  • As its above factor are both +1, I will give it +1 too
(Equity 2015:-$34,716,966),(Equity 2016:-$45,042,095),(Equity 2017:$8,941,533)
  • Shareholders equity refer to the company's value or net worth. It basically means the money that is left if a company sold all of its assets and paid off all its liabilities. This leftover money belongs to the shareholders, or owners of the company
  • Equity= assets - liabilities
  • The most important section of equity is retained earning also known as retained profit or accumulated profits. As the word suggests the company will retain earning for investment purposes, distribute them as a dividend or pay off its debt. If the company is making a loss it will be called retained losses.
  • Retained earnings do not represent the free cash flow of the company
  • The retained earning has increased from negative to positive, hence another +1
(Total Liabilities and Equity 2015:$63,709,553),(Total Liabilities and Equity 2016:$31,792,959),(Total Liabilities and Equity 2017:$35,485,098)
  • Total Liabilities and Equity=Total liabilities + equity
  • E.g 2015 $63,709,553=$98,426,519+(-$34,716,966)
  • E.g 2016 $31,792,959=$76,835,054+(-$45,042,095)
  • E.g 2017 $35,485,098=$26,543,565+$8,941,533
  • As both of its factor has +1,this will get a +1 too
Total num of -1=2
Total num of +0:5
Total num of +1:11

Total score=9/18(passed!)

Will continue with part 4 the last part next week!

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Monday 18 June 2018

(Post 33/Week 25)Zero dollar project updates:carousell,Bitcoin Faucets,Short Link,Online survey and Adsense update

Updates for last two week of zero dollar project

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

1.Carousell

My carousell:carousell.com/eric996



Total earnings for carousell last two week:$1+$2=$3(via meetup)

2.Bitcoin faucets

Current coinpot holding

Bitcoin core:4737 Satoshi
Bitcoin cash:4223 bch
Dogecoin:45.75 doge
Litecoin:0.00124434 ltc
Dashcoin:0.00034903 dash

3.Short link
Two weeks ago




This week




Total earning for short link last two week:$3.45-$3.0327=$0.4713

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
4.2.surveyon
4.3 YouGov
4.4 mobrog
4.5 ipanelonline
4.6 viewfruit
4.7 mysurvey


Last two weeks survey that payout:(ipanelonline:$13.84)+(surveyon:$2.00)

The total payout for last two-week survey:$13.84+$2.00=$15.84

5.Adsense


Last two week earning for Adsense:$0.20?

Total earnings for last two week zero dollar project:$3+$15.84+$0.4713+$0.20=$19.51

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

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Thursday 14 June 2018

(Post 32/week 24)Investment project updates:My first funding societies campaign experience/breakdown part 2

7. My first funding societies campaign part 2(continuation from last two-week post)




Read Part 1 here:https://sonicericsg.blogspot.com/2018/05/post-29week-22investment-project.html

Borrower summary

Incorporation: Incorporated in Jun 1980 (~38 years in business till-date) with an existing paid-up capital ("PUC") of S$53,322,732.54.

Business Nature:
The Borrowing Company is engaged in civil engineering and tunneling works in Singapore, and are listed on SGX. They provide a wide range of civil
engineering works such as road and drain construction, road maintenance, sewerage rehabilitation, soil improvement, excavation, laying of water
pipes, and other infrastructural works. Notable and award-winning civil engineering projects which they have completed include Gardens by the Bay,
Changi Ferry Terminal project, Alexandra Canal project and Seletar Aero Drive project. Existing projects which they are engaged in include the construction of a new road between Mariachi Viaduct & Adam Flyover (together with other related, ancillary projects) and sewerage scheme to phase out Nee Soon pumping station. The existing management team was appointed to the board in the second half of 2016.
  • As the borrowing company is engaged in many of the civil engineerings works such as road and drain construction and many another award-winning civil engineering project, this could be a sign that it has built on a good credible company and would probably be engaged to do another civil engineering project in Singapore in the future.
  • You can see that I actually love to invest in SME that are listed on the SGX, as being listed as a public is a step up from being a private companies and would thus provide more awareness of the company,you can read about listing on catalist at this link(i am assuming that this company is listed on the catalist board of the sgx:http://www.legalbusinessonline.com/news/sponsored-listing-singapore-stock-exchange-mainboard-vs-catalist-part-2/72106)
Summary from the link
  • A catalist listing does not have a quantitative requirement but need to appoint a sponsor, who will access its suitability to list and will advise and guide the company through the listing process, The company must maintain the sponsor at all times after listing
  • A catalist listing is supervised and approved by its appointed sponsor, once the prospectus(details of a share offer for the benefit of investors) for lodgement(the action of depositing or lodging something), the catalist listing application will lodge its prospectus with the sgx
  • The catalist listing has a less stringent listing requirement as companies need not meet any minimum earning, operational track record or market capitalization requirements. It appears to be a viable option for small but fast-growing companies to list and issues shares to the public for fundraising purpose
  • So from a normal person point of view, if the business is not good, would you be the sponsor for that business? I think not, hence I think this is another factor to consider

Ave no. of days taken to pay their creditors: Slightly longer than the industry average
  • In my opinion, It is ok to be longer than the industry average after all late payment is better than never!
Employees: 400 plus

Link 2:http://sdh.edu.sg/wp-content/uploads/2016/11/Embracing-Structured-Internship-1.pdf

  • Ok, From the link above it seem that the definition of SME companies in Singapore have a group employment size of not more than 200 workers so the company may be actually instead an even bigger company than I thought and could maybe be even listed on the mainboard(which has even more stringent criteria),but lets assume the worse case scenario of it listed on the catalist board instead
Charges: 3 charges filed for loan and trade facilities

Link 3:https://sbr.com.sg/professional-serviceslegal/commentary/charges-how-register-loan-secured-business-1
  • Damn all this financial jargon, haha!, initially when I read through the report months ago, I thought this means that the company was being charged, guess its probably because of being a SAF soldier for too long(probably only Ns man that served in the army will understand the joke of "charge")
  • Anyway, charge in this context(refer to link 3) basically mean the extent of rights a lender will have on the company assets. It is just security given (in writing) to the lender for the loan amount secured, you can think as an iou(informal document acknowledging debt)

Litigation: 20 past and 5 pending litigation (mostly negligence related)
Litigation

Link:www.businessdictionary.com/definition/litigation.html
  • Okay,this definitely mean charged or lawsuit in court, litigation as inferred from the above link is the Ultimate legal method for settling controversies or dispute between people, organizations and the states, 20 past and 5 pending litigation (mostly negligence related),it is probably due to safety concern which results in workers accident which is common in industry like construction and civil engineering,this definitely get a -1 from me
Negative / Black List: Nil

Payment Behaviour: Mainly paid after terms
  • Better late than never
Next up on my first funding societies campaign breakdown part 3, which will be written anytime soon will touch about the financial statement in detail.

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Wednesday 6 June 2018

(Post 31/Week 23)Investment project updates:Moolahsense(My first campaign back in 2017)

6.Moolahsense(My first campaign with Moolahsense)

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

Issuer summary

Date of listing: September 2017
Amount:$1,000,000
Tenor:24 month
Repayment 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 term: Monthly
  • Repayment term: Will be paid monthly
Target interest rate:10% per annum

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:https://www.valuepenguin.sg/what-is-working-capital
  • Working capital: It is a concept to describe a business ability to cover its short-term operating costs
  • Ok, this is a little bit hard to take it all in so I will give an example...For this campaign, I have funded $1000 into it(which is the amount I actually funded, which is the minimum sum that moolahsense accept for the campaign at that time)
  • As the target interest rate is 10%, this means that at the end of the tenor, which is 24month I will expect to receive $1200
  • 100%=$1000
  • 20%(Interest for the two years)=$200
  • 120%(The Principal + the interest for the two years=$1000+$200=$1200
  • Since the tenor is 24 months, each month I will receive $50(inclusive of interest) in payment/equal installment
  • 1month=$1200/24=$50
Summary company profile

The company has been around since 2015 and is listed on the Catalist board of SGX since 2016 and is in the hot dip galvanizing industry. Hot dip galvanization is the coating of steel and iron with zinc to create galvanized steel and iron, which is used in a product where corrosion resistance is needed. Its customers come from a broad range of industries including construction, telecommunications, aerospace, public transportation, and utilities. More than half its business comes from repeat customers.

Detail of purpose

The issuer seek fund to provide working capital for its new contract secured since the beginning of 2017

Financial statement

Will only reveal a part of the financial statement due to confidentiality. As I have mentioned two 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 2016/right side of the column is for the year 2015)

Year 2016
Current ratio:0.8(this is less than 1)

  • 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:0.65(this is below 0.75)
  • 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

Leverage 

Total liabilities/equity:1.78(About debt ratio of 1.5)

  • 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

At this point, you may be thinking"soniceric is full of crap and doesn't practice what he preaches since all the ratio are wrong and yet he still invests in it anyway", Don't worry I will explain below my reason for investing it

Year 2015
Current ratio:1.12(More than 1) 
Quick ratio:0.83(Still below 1.25) 

Leverage 

Total liabilities/equity:1.4(still not the ideal debt ratio of 1.0)

So what is the reason for investing in this campaign? (You may be actually disappointed with my answer)

It is purely because I thought I would like to try out moolahsense platform using money that I am ok with losing. Also because it has a website and is listed on the SGX which indicates it is a step up from the local SME.So in summary, it was just purely blind and instinct investment.

But luckily, this campaign turns out alright and so far there hasn't been any late payment(this campaign has been going on for about 10 months?). Ironically, some of my future campaign in my moolahsense(which I will reveal in due time) even using the ratio and fundamental and technical analysis has not been making payment promptly and has been late in payment.

Ultimately, I think the best strategy for peer to peer lending such as moolahsense and funding societies is to understand the fundamental and technical analysis of the campaign and to invest in the most minimum sum possible(Even if you think this campaign is a sure win as there is never anything in the market that is sure win!)

Do stay tuned for the continuation of my last week post of funding societies(my first campaign)!

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Monday 4 June 2018

(Post 30/Week 23)Zero dollar project updates:Carousell,Bitcoin Faucets,Short Link,Online survey and Adsense update

Updates for this week zero dollar project

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

1.Carousell

My carousell:carousell.com/eric996


Total earnings for carousell this week:$3+$4=$7

2.Bitcoin faucets

Current coinpot holding










Bitcoin core:4548 satoshi
Bitcoin cash:3685 bch
Dogecoin:43.5 doge
Litecoin:0.00117916 ltc
Dashcoin:0.00032786 dash

3.Short link

Last week


This week




Total earning for short link this week:$3.0327-$2.8996=$0.1331

4.Online survey

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

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



This week survey that payout:$2.20

The total payout for this week survey:$2.20

5.Adsense



This week earning for Adsense:$0.23

Total earnings for this week zero dollar project:$7+$2.20+$0.1331+$0.23=$9.5631

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

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