(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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(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

Link:https://www.investingnote.com/posts/537794?utm_source=InvestingNote+Registered+Users&utm_campaign=1cdc8ba6d2-EMAIL_CAMPAIGN_2018_02_09&utm_medium=email&utm_term=0_e0c90c76bb-1cdc8ba6d2-379335261

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

Summary

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)

        (3372.28/100)*260.21=7.71%

• 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!

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(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

Link:https://blog.seedly.sg/p2p-comparison/

Summary

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!

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

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 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
4.2.surveyon
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

5.Adsense

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!

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(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 contains 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!)

Summary:
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!

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