Oct 30, 2019

Cory Diary : Making money work for you

Most people work on salaried income. Spend like 9 hours or even 15 hours a day.  And If you are in this mode of life and trying to get out from this rat race, there is limited options. One of the popular option is to join the long queue with aunties and uncles and hope to strike TOTO. This seems to be harder than kenna strike by lightning but many aren't deterred by it. Cory sometimes go buy when he is down in morale ... but halfhearted. So even harder to strike. LOL

Uncle Cory thinks he should work on a more viable option. That's to have money. And hatched his plan more than a decade ago by saving money. And then he saw the property bubbles come and go. Stocks market bubbles come and go. Even Fixed deposits "Bubbles" come and go ... Every $100, 000 loses $3, 000 annually to inflation ... ( Cory must be "Rich" .... to let this happen  ! ). Are you too ?

After going through Math, Uncle Cory decided to hatch another plan that is really really viable. That's to make money works for him. This time he probably get it right. One of the main reason is that the effort invested is little or using his spare time to learn as Cory needs to work. Of-course Cory needs to have money to Work. He has .... if you remember his first plan. LOL.

That doesn't mean is a linear process as Cory can do in parallel. Amount is never too small.  The experience gained and incremental saving will be compounded for the future. However Cory aren't savvy enough to use leverage other than technically the property loan which also means avoid stacking the risk to uncontrollable level.

So as you can see, Cory is kiasi and kiasu. I think most NORMALs are ! So that's what Cory do below. Depending on situation,  money is apportioned due to regulation and needs through below.


Investment is very limited when it is "Sure Win". The obvious one is CPF which are systematically saved and contributed. Is not like we have a choice anyway but nevertheless on paper they have saving, contribution and interests elements build into it. As many would know, is politically not so correct to promote to everyone. Cory has a friend who curse day in and out on it that is not our money and that is a fraud but then he plans to reserve it for his children education. huh ?! 

Cory have another friend who is on the extreme end and keep topping up money into CPF till millionaire status however he is a savvy investor, and supporter of establishment. Maybe Life is full of irony and Cory takes is that Investment and political view should not mixed. Cory plan is not to touch them for investment, and optimise enough OA into SA. Maybe some experts got better ideas. Cory is just sharing his current plan.

Bonds/Preference Shares

The next "safer" ones probably are Bonds/Preference Shares on the local banks. Is quite unimaginable they will collapse or write down. However, never say never. Leman Brothers is a living proof. Unique exceptions aside, generally I would assume our local banks are next best things to Gov guaranteed.

Between CPF and above, probably Singapore Saving Bonds (SBB) for more protective funds. Limited to $200 k of 1.7% currently. Not very exciting but good enough for those who are conservative like Cory. However don't get this wrong. The devil is always in the detail and so is goodies. Cory is vested between 2%~2.5% range and is only single digit percentage of his net worth. Most importantly, is money reserve for emergency and loan installments back up which could otherwise by in Fixed Deposits.

Fixed Deposits / Cash

The worst thing to do is too have ample cash in Saving bank doing nothing. Cory typically only needs certain amount for emergency cash flow needs. A large portion of it parked in Fixed Deposits which can earns 1.4% easily. So got this FIXED. You can try other banks .... . Just make sure is really safe.


Is a path to wealth expansion for those who do not have a really good paying jobs. However, the market is ruthless on those who make mistakes and could set you back for years financially. Cory struggles on who should be in it. Having swim in the shark-infested water for many years and still surviving doesn't mean many can. However, to reach financial independence faster, Cory thinks this is the main path other than building up a business ourselves if we have the right attributes.

This year is especially good for dividend investors due to Cory thinks are the building up of wealth after property curbs and the money printing world wide. Money has to go some where and they end up in stock markets. However this class of investors look for safe investment and REITs and Bonds are quickly identified with.

We know what happens to Risky bonds, and investors learned some big lessons from Hyflux and Swiber that yield is not the primary. Within the REITs universe there is different classes of them too. Again some investors will have to pay school fees if they think all REITs are the same and are only along the line of yields only.

Some REITs are US denominated and from limited experience in US market, is better for Cory to leave this class alone. Life is much more simpler to layman Cory. 


One thing Cory learned from his Condo, is location. The $psf shoots up after Top.  Leverage to the max as the loan is cheapest. So Cory has more cash to deploy elsewhere but not to spend ! Age matters. Young people can maximum their loan period. Condo maintenance very high ... but renovation is cheap as most is already build-up. At the end of the day, is nice to have a shelter over his head. Maybe Cory needs a bigger head now as he finds his Condo too small.


So what is Cory investment philosophy. Simple lah. Don't lose money. 

If we have studied solid "Blue Chip" REITs, the price fluctuations can be quite significant. This may convince some investors that timing matters. While Cory do not disagree to it, what matter is how can to execute them. For example this year REIT returns easily come in with 20% returns. Is a GFC impact to those who stays out in a single year alone create by oneself ! Will the price correct ? Why not. But to hold on to our investment or to re-balance them is another Cory article. A good problem to have.

The mindset for REITs investment is to think it as cash flow. Say 5% yield of initial capital returns. Stock price will fluctuates. Looks for those that can grow. Doesn't matter whether is 0% or 10%. They can be apportion into the portfolio accordingly to risk levels but they all have to be solid REITs and not those that sponsors dumped, mismanaged or have integrity issues. Most importantly the business behinds this REITs are solid or not, and that can build value over time.

Lastly, performance is DPU + Capital Value. How they play around it, we value them appropriately.

Happy Reading and Belated Happy Deepavali 2019 ... sorry ... started to write this piece on that day ... so busy this week.


Oct 26, 2019

Cory Diary : Performance Oct'19

Oei ! Too early lah. Still got a week leh. What's the hurry uncle ?

Next week uncle no feel good leh. Don't be so rigid can ? ( Uncle Cory cheated the time to report good result cannot meh....  )

Seriously why today ? ... All Time High ( ATH ) lah. Next week not sure can maintain or not. I don't want to miss the mountain ... so report first. Shiok right. Lucky Cory Portfolio is not listed else sure kenna ....

Why Cory worry  ? Let's look at STI first ....

STI Long Term Bull, Short Term Dunno !

Based on CoryLogics, STI approaching a resistance after bouncing off from multi-year support as expected else it will be major correction at minimum.  See link on last reasoning in Aug. i think which is basically a broad strategy this year on STI Performance in earlier articles as well. And well I am comfortable to have large stake in STI Index as a buffer for Reits profitability protection.

Finally cleared Facebook. Portfolio now all Singapore team. YTD Cory Xirr 19.1%. (updated for privacy). If we remove Bonds/Preference holdings, Portfolio would have been 23.1%. STI Index 3.81% (excluding dividend).

What's next ? Lack of ideas now. Thinking how should I further protect my profits but need to stay vested for rest of year and ensuring enough dividends for next year. So many asks. So little ideas.

On top of this I have different ideas coming up for next year.

1. Re-Balance some part of my portfolio to lower cost fees
2. Holding back purchases maybe to later part of next year
3. Key deliberation on Bank Stocks, Bonds and Preference Shares Strategy


Oct 22, 2019

Cory Diary : Telegram Craze

Have been trying out new channel of investment sharing. As above is called Telegram. For what it matters, it functions similar like an apps chat hosted by Telegram. You will need mobile number to register.

The advantage therefore we can have hundreds of people in the chat group. There are many different groups for different interests. Manage to get myself into a few Singapore investment groups. I have seen Foods, Jobs, .... but don't get yourself into trouble like Nasi Lemak Group which were in the News recently for spreading pornographic materials. For the political savvy, there is one by our Prime Minister Lee Hsien Loong.

To join the private group they require "link" invitation but you can try search to get the public ones using keyword of interests. Ping me if you need specific investment groups for invites. There is a few SG Reits groups which are more align to my interests. However, there are others for knowledge.

Telegram Chat certainly moves faster than the traditional media channels that I am in use. And there is more responsive helps from others. The Apps is much lighter therefore faster to read, share, stored and communicate.

Few things in the news recently. Reits Reporting season. CMT DPU up 4.8% YoY Cheers, another strong quarter.  Keppel shares limited acquisition by Temasek, cheers because I have it in STI Index  .... . And one not so good which is Aims Apac Reit secondary listing which cause the share price to drop and hovers around $1.38.