(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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(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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(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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(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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(Post 29/week 22)Investment project updates:Posb invest saver,Moolahsense and Funding societies(First campaign experience)

6.Posb invest saver

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

For my regular saving updates for the month of May 2018 was written last week, see my last week post here

As of now (23 MAY 2018), I am currently holding 1641 unit/shares. This week has been a pretty normal week for A35 with it hanging around the range of 1.11 to 1.12

Honestly, I regretted a little for having missed the boat at last Friday where A35 was hanging around at 1.108 but nevertheless will still continue to wait out and see before putting in a lump sum

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

As I have just started a new regular saving plan for STI ETF via posb just this month, I am currently holding only 27 units so far. As to why I started a new regular saving plan, it was because I found myself monitoring the share price of the STI ETF(in this case i am also monitoring the ES3, which is basically also another STI ETF but is managed by different companies) too often ever since I sold off my entire STI ETF that I have accumulated from 2016, read more about it here

Nevertheless, STI ETF(G3B) doesn't seem to make a huge drop yet despite much negative news like trade wars, the month of may etc. Will continue to wait out and see how it goes.

7.Moolahsense

As I have mentioned in my moolahsense post last week, read here. I will not be venturing into anymore Peer to peer lending platform anytime soon unless my delinquent investments in moolahsense will start paying back. Hence, no further comment. Will reveal more of the funding campaign I have taken part in moolahsense probably in the next few posts

8.Funding societies

So far, I have only one campaign with Funding societies, with a delinquent campaign in moolahsense(see above), I will not be venturing into Funding societies anymore until the delinquent payment in moolahsense start to pay back

My first campaign with Funding societies

Funding societies have already omitted the name of the company in the first place as i mention in my last post. Here is some detail from my first campaign(and maybe last) with funding societies which have just completed paying back the principal and the interest

Loan details

Loan recommended amount:$1,000,000

Tenure(No of months):3

Simple interest rate P/A:9.00%

Effective interest rate P/A:9.38%

Industry: Construction

Dp credit payment grade: N/A

Dp expected default probability: N/A

Security: Related company corporate guarantee

Purpose: Working capital

Documents receive: Last 9-month bank statements, FY 2015, 2016 & 2017 Audited Financials, 1H FY2018 Unaudited Financials Directors' Questnet Search, Borrowing Company's Questnet Search, FY2015, 2016 & 2017 Audited Financials for Corporate Guarantor, Corporate Guarantor's Questnet Search

After 18% service fee of loan interest

Monthly net return amount:$6150.00

Net return amount:$1018,480.00

Net simple interest rate %:1.85%

Simple interest rate %:7.38%

Effective interest rate%:7.64%

Investor repayment schedule

Month 1

Principal:$0.00

Interest:$7500.00

Fee:$1350.00

Total:$6180.00

Month 2

Principal:$0.00

Interest:$7500.00

Fee:$1350.00

Total:$6180.00

Month 3

Principal:$1,000,000

Interest:$7500.00

Fee:$1350.00

Total:$1,006,180.00

Will continue more about my first campaign with funding societies post this week!

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(Post 28/week 22)Zero dollar project updates:Carousell,Bitcoin faucets,Short link,Online survey,Adsense

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

This week my carousell store has a little crisis where the mail goes missing. Two of the books that I sold last week did not arrive at my buyer destinations. Finger crossed and hoping that the mail will be returned back to me as I have written my address on it.

Updates(23/05/18): The book has been mailed to them after a week, just a case of slow mail

This week earning for carousell:$3

2.Bitcoin faucets

Last week


This week

Updates for my faucets this week:
Bitcoin core:4449-4336=113
Bitcoin cash:3365-2460=905
Dogecoin:42.1-39.46=2.64
Litecoin:110707-106224=4483
Dashcoin=30328-28616=1712


3.Short link

Last week


This week

Earning for this week short link update:2.8996-2.3888=0.5108

For more information on how I use both short links 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

This week survey that payout: None

The total payout for this week survey: None

5.Adsense

This week earning for Adsense:$0.01

Total earnings for this week zero dollar project:$3+$0.5108+$0.01=$3.5208

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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(Post 27/Week 22)Shockingly,My blog is ranked #71 on the top #75 Singapore investment blog!

Sorry for the late post this week, just back from my ORD trip to Bangkok, which was cheap and fun!Anyway...

Thanks to all of you readers, my blog has been voted one of the top 75 Singapore investment blogs on feedspot!

Honestly, I am surprised that my blog is even on the list as I have only started blogging a few months back. Of course, way up there on the list are some of the more famous blogs in Singapore like SGbudget babe, investment moat(which is run by one person!), money smart and seedly. But to be compared with those famous blogs, I think it is a wonderful achievement itself. Really a big thank you to all the readers out there for reading my blog!

These blogs are ranked based on the following criteria

• Google reputation and Google search ranking
• Influence and popularity on Facebook, Twitter, and other social media sites
• Quality and consistency of posts.
• Feedspot’s editorial team and expert review

Thank you to all!

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