Cory Diary : CPF Housing Loan Refund Experience

In earlier article there is an Issue mentioned regarding low interest rate from the bank (1.1 % DBS Today for 11 months Fixed Deposit ) and higher Accrued Interest to pay back to CPF. It makes sense for me to do something.

The CPF Housing interest is computed on the CPF principal amount withdrawn for housing on a monthly basis (at the current CPF Ordinary Account interest rate) and compounded yearly. If this OA money is put inside SA it would be even higher at 4% !

Therefore  I decided to work on the CPF Refund process. There are 2 methods that I can do online. One is via PayNow and the other eNets. The later I have given up due to some issue getting the code to my oversea mobile. However I am pleased that PayNow works perfect for me.

Selections in CPF WebSite

The steps I took to do it for my case.

Completion Screen in iWealth

CPF Website

1. Login to CPF

2. My Requests > Property > Make a Housing Refund with Cash ... etc  (Decide the amount you like to payback)

3. Select PayNow

iWeath SG

4. Login to your mobile app (I use iWealth)

5. Select Scan & Pay

6. Scan the CPF page QR code

That's it. Upon completion ... the CPF website will reflect the repayment into OA Account.

Cory

2020-1007

Cory Diary : Performance YTD - Trump Tests Positive for the Coronavirus

The STI market was going well till it's decided to change downward course again today. This time for very different reason. The News is that Trump Tests Positive for the Coronavirus. He must be very disappointed that DJIA manage to held up (updated with table) as I typed. 

The talk about IN THING nowadays is the K-Shaped Recovery Economy.

What this may mean is 

1. The wealthy are recovering and the lower-earning are not.

2. The professional workers are largely fine and everyone else is doing awful.

3. Different parts of the economy recover at different rates, times, or magnitudes. 

Well, the wealthy usually does better in most recovery. And you can be a pilot and seriously out-of-job. So the first two points are more divisive opinions between the Rich and the Poor which will drives resentment against the Rich or Rightist view. Likely not going to help the poor but make it worst as this will pigeon hole their thinking. Driving ever increasing wealth gap.

I am more inclined on the last definition in general and this is best seen in stock market. A good example will be Cory Portfolio this year.

As you can see above, the general STI Index performs relatively bad. An understatement frankly not because of the heavier weightage of the Banks but in general in the index.

Relative to Cory which also has large amount of banks and STI ETF, comparatively still drives large gap from the index. The performance has widen by 21.3 points (updated) gap. It would have been even wider have I indulge myself in some tech or medical stocks that I have been consistently avoiding. Oh ! my pain.

So YTD, XIRR -1.3% whereas STI has fallen to -22.5% (corrected). Dividend wise it has been crazy because AGT do a major distribution from the golf sales so YTD more than 89K ... That's a huge jump one time in exchange for capital reversion.

Cory

2020-1003

Cory Diary : Frasers Cpt Tr - I am back !

Opportunity .... to Kio Durian.

Frasers Cpt Tr

On double barrel shotgun this few weeks as right after the return of investment into Mapletree NAC Tr, found myself needing to tap on my War Chest to buy into Frasers Cpt Tr. The opportunity came when the Reit price drops nearly 6% from $2.52 to $2.37 after the announcement.

"The manager on Monday afternoon announced an equity fundraising comprising the private placement and a non-renounceable preferential offering."

In addition, this is discounting the price decline prior weeks from high of $2.72 that is almost 13% discounted price. So in term of relative price point is cheap. Did I really "Kio Durian"  ? Well that's depend on perspective. I last sold my position at $2.07 for just 7 cents profit this year excluding trading cost in May'20. So ya, I am buying back at higher price.

Well, Sept'20 is very different animal from May'20. Covid situation is now a lot better and well under control locally. The malls are opening up and the crowds are returning. So is pretty unrealistic to see a drop below my last traded price.

At current price, abt 5.2% yield probably and with some dividend bonus. Not too bad. Something I can sleep with unless they are asked to do rebate and mall closure again ....

Cheers

Cory

2020-1002