I take reference to the market closing price on 8 October 2020. And I do not include any dividends received into my computation.
FinanceOT
This blog documents the journey of two young Singaporean men on their journey towards Financial Freedom
Sunday 11 October 2020
US ETF Portfolio Update - September 2020
I take reference to the market closing price on 8 October 2020. And I do not include any dividends received into my computation.
Monday 7 September 2020
US ETF Portfolio Update - August 2020
Hello everyone,
ETF | Quantity | Total Cost | Market Value |
VOO | 2 | 562.00 | 629.64 |
VHT | 1 | 195.00 | 201.81 |
XLP | 4 | 239.16 | 262.28 |
XLK | 2 | 196.00 | 236.24 |
ARKK | 3 | 199.27 | 261.15 |
Total | 1391.43 | 1591.12 | |
Gain | 14.35% |
Sunday 30 August 2020
Goal review - tough times call for tough measures
Hey everyone,
hope you guys have been doing well! I've been gradually easing my way into my University life, and getting used to the student life after a two-year break certainly haven't been easy. But now that I have settled down, I had the chance to take a breather, and sort out my finances, which had been a mess during this whole transition to university life....
During this review, I realised, disappointingly, that I was not going to hit my financial goal of $18,000 this year. Instead, I would have to adjust my annual goal to be at $12,000. There are several reasons for this, and I will explore some of them below:
1) Miscalculation
The biggest reason for me missing my annual goal would be my miscalculations previously. I did not take into account several of the big spending that I would have to make heading into my university life. For example, my laptop's wear-and-tear resulted in me needing to purchase another one, and I did not take into account some of the charges I would have to undertake, including my hall fees and miscellaneous purchases.
I was also unrealistic in my budget for my monthly spending initially, as I set an overly-ambitious goal in the beginning of the year, and did not give myself any leeway/room for failure. As I realised that it was impossible for me to adhere to the initial goal, I decided to give myself a looser, and much more manageable budget, which inevitably contributed to me missing the target.
Broadly speaking, I was overly optimistic and naive in making my first financial goal, and this experience is definitely something I will take into account when crafting my future goals.
2) Unexpected market
As most of my holdings were mainly in Straits Times Index, the index's under-performance this year contributed to my portfolio's lacklustre performance. The rest of my portfolio were not performing great as well, especially since some of them were purchased right before the COVID-19 pandemic crashed the local markets. While I have no worry holding my stocks for the long-term, some of them have not recovered to their pre-COVID highs, and have taken a hit at my overall net worth.
In conclusion, while it is indeed unfortunate that I had to adjust my annual goal downwards, I am glad that I managed to discover and review it early, as I could now work towards my new target realistically. This has also been a great lesson for me, to be more realistic and pragmatic in my future annual goals moving forward. I believe that goals might be there to stretch us to achieve something we deem impossible, but it definitely has to be realistic and achievable. I am relieved that I still have exactly 4 months to work towards my revised goal.
On that note, how have you guys been doing with your annual goals? Do share with us in the comments below!
Stay Safe,
T
Saturday 15 August 2020
Best Credit Cards Available for Students!
What's up guys, its been a while since I've updated on this platform, and I hope all of you have been doing well! I have been caught up with matriculation/academic matters, hence my inactivity on this platform for the past two weeks. I have been drowning in lectures and readings, and it's just the first week of uni...
But enough of the life updates from me. Since I've finally enrolled into University, I have been scouring around for credit cards available to students, and I have found two that I am planning to apply for.
I think credit cards are a good way for us to spend money, assuming the payment due are repaid on time such that there is no late interest payment. This allows us to gain an extra month of interest with the money in our account. This is especially advantageous if your cash are parked in a high-yield account. Allow me to introduce them to you and why I decided to get them.
Maybank eVibes Card
Eligibility:
Full-time National Servicemen (NSF) or Tertiary students from these institutions: LASALLE, NAFA, NIE, NP, NTU, NUS, NYP, RP, SIT, SMU, SP, SUSS, SUTD & TP
Age: 18 - 30
Annual Income: Must not exceed S$30, 000
Must not be an existing Maybank Principal Credit Cardmember or CreditAble customer
Singapore Citizens or Singapore Permanent Residents
Benefits:
Review:
DBS Live Fresh Student Card
Eligibility:
An Undergraduate student from these institutions: NUS, NTU, SMU, SUTD, SUSS, SIT, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Singapore Polytechnic or Republic Polytechnic
Age: 18 - 27
Not have an existing DBS/POSB Credit Card and/or other unsecured facilities with DBS/POSB
Be a Singapore Citizen/Permanent Resident
Benefits:
Review:
Thursday 6 August 2020
US ETF Portfolio Update - July 2020
ETF | Quantity | Total Cost | Market Value |
VOO | 2 | 562.00 | 610.3 |
VHT | 1 | 195.00 | 205.68 |
XLP | 4 | 239.16 | 252.72 |
XLK | 2 | 196.00 | 227.72 |
ARKK | 3 | 199.27 | 256.83 |
Total | 1391.43 | 1553.25 | |
Gain | 11.63% |
Thursday 30 July 2020
TSMC: 20% upside within a week
As we ease into the long weekend, I would like to do a review on TSMC. Previously, I did a short introduction of the company (here). Since then, there were some rather significant developments to the semiconductor scene – rather positive ones for me personally.
Firstly, TSMC’s earnings release were above expectations. And overall revenue increase by 28% yoy and net income by 81% yoy. I think this came in rather expectedly due to the production capacity of TSMC being fully booked. I believed the stock price then was already priced in for the earnings hence there wasn’t much movement in the price despite the better than expected results.
Second, the recent issue of Intel’s failure to meet its demand due to shortage of supplies gave TSMC an even further boost – in two ways. I briefly talked about this problem of Intel in the previous post. AMD (one of TSMC’s main client) is a direct rival of Intel. Both are neck at neck in terms of the development CPUs scene where Intel used to hold an almost monopoly position in the past. Naturally, given the current circumstances, AMD is gaining more market share due to orders flowing in from Intel to AMD, and hence increasing their orders to TSMC. (I do acknowledge that there might be a level of client stickiness to Intel, but given the current pandemic, Intel would need a long time to be able to get its supply back on tracks.) Evidently, client stickiness is not as significant given the recent AMD’s earnings call which expects revenue to grow by 32% in 2020. AMD rose 12% in one day.
The next point is what I believed caused TSMC’s share price to increase by more than 20% in less than a week. There were rumours that Intel was considering to revamp its whole IDM model and to stop manufacturing its own chips following its 7nm chip delay. Consequently, there were speculations that the manufacturing will be outsourced to TSMC.
Will TSMC actually help Intel manufacture their chips?
I believe the situation is still rather unclear. But it is important to note that TSMC have no more capacity to manufacture the chips even if Intel decides to outsource to them. Furthermore, I am not too sure whether there will be a conflict of interest between AMD and Intel.
Ultimately, the prospects of TSMC are very forward-looking and the upcoming gaming consoles launch will be another potential catalyst to note. I am continuing to be bullish on this stock after these series of events and will be looking for more opportunities to add more of it into my portfolio.
Stay safe and healthy,
O
*Disclaimer: I have positions in TSMC and AMD.
Tuesday 28 July 2020
High-dividend stock on my watchlist!
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Hi everyone, It is finally phase 2!! We are one step nearer to full recovery hopefully. But this week, due to uncertainties regarding a seco...
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Hey everyone, hope that y'all have been doing well recently! Haven't had the chance to post in the past two weeks, but I'm comin...
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Hello everyone, Our apologies on the lack of updates but we both are currently pretty swamped with school assignments. Life has really bee...