Rule of 72

Extracted from PanzerGrenadier's blog :

I also learnt more about the Rule of 72 which is a quick rule-of-thumb to determine how long your investment (or debt) doubles at a given interest rate. If you could get a return of 10% per annum compounded, it would take you approximately 7.2 years (72 divided by 10) to double your investment. If you could get a return of 2% per annum, it would take you closer to 36 years (72 divided by 2) to double your money. An 8% difference translates into 28 plus years to double your money.

http://fivecentstencents.blogspot.com/2008/02/financial-freedom-revisiting-lessons.html

Oilpods - Biamante

Today, i received the title to my Oil & Gas Investment Lease of Biamante, located in Goliad County, Texas, USA project.

The contract was signed on 21st September 2007.

Disbursement of Sourth Ellerslie phase 1#161

Received my first payout for the disbursement of South Ellerslie Phase 1.
The sum = $6,238.80

Photography - Angle Finder

Today I bought an Angle Finder for my camera.
It costs me $285, which I bought from John3:16.

I also bought a rubber dust blower for $15.

Purchase of SGS T-Bills ( TB-080228-0015 )

My purchase of SGS T-Bills

The bid done for today is for the auction next week :
Issue Code - BQ08108W
Issue Date - 28 Feb 2008
Tenor - 91 days
Maturity Date - 29 May 2008

a 10% downpayment was made ( = $100.00 ) which will be refunded when the transaction is performed next week.

I made a bid of S$1000.00

The yield will be known next week through the auction result.
yield = %
total paid = $
gain = $

Budget 2008

The Singapore Budget 2008 announced on 15 Feb 2008 has the following impacts on me

1. Tax Relief
A one-off 20% tax rebate for all resident tax-payers capped at $2000.

2. Growth Dividend
see link below on growth dividend.

Singapore Budget 2008


Notes from BT, 16-17 Feb 2008

Had the MAS not allowed the Singa dollar to appreciate over the past 2 years, the inflation rate in Q4 2007 would have averaged 6.5 per cent instead of 4.1 per cent, he disclosed.
Still, there is a limit to how fast the Singaproe dollar can appreciate without hurting our economic performance and growth, and eventually causing wages to fall.

An overly strong Singapore dollar can bring inflation down, but at the cost of lower growth and higher unemployment.

Purchase of SGS T-Bills ( TB-080221-0014 )

My purchase of SGS T-Bills

The bid done for today is for the auction next week :
Issue Code - BQ08107X
Issue Date - 21 Feb 2008
Tenor - 91 days
Maturity Date - 22 May 2008

a 10% downpayment was made ( = $100.00 ) which will be refunded when the transaction is performed next week.

I made a bid of S$1000.00

The yield will be known next week through the auction result.
yield = 1.3%
total paid = $996.76
gain = $3.24

IPO - Yongmao

Applied for IPO :
IPO price : $0.35
Shares applied : 10,000
Total cost : $3,500

Updated on 20 feb 2008
Cost Returned : $2,450
Shares Allocated : 3000
Cost : $1,050

Magazine - Feb 08

1. SmartsInvestor - done
2. Pulses - done, 19 feb
3. Edge ( 18-24 ) - done, 19 feb
4. DL ( 19 feb ) - done, 19 feb
5. Edge ( 25-1 ) -
6. DL ( 26 feb ) - done, 28 feb

update on home address

The following institutions are to be informed of my change in address

1. NPC - 11 feb, amk south npc, *
2. UOB - 12 feb, 3 working days to effect
3. DBS/POSB - 12 feb, 5 working days to effect
4. DBS vickers - 12 feb, called them, automatic link to cdp
5. CDP - 12 feb, online , *
6. Lim n Tan - 13 feb, send in form
7. OCBC - 14 feb, amk branch, received letter from them *
8. HR - 12 feb.
9. NTUC - x
10. Prudential - x
11. fundsupermart - 14 feb, online
12. finatiq - 21 feb, online
13. CPF - 14 feb, automatic link to NPC
14. Citibank - 21 feb, called them, received letter from them *
15. SAFRA -
16. UOB Kay Hian -
17. Poems -
18. Oilpods - 28 feb, met anthony
19. Walton - 28 feb, met anthony
20. NTUC Carcoop -
21. Edge - 14 feb, emailed them *
22. NTUC learning hub - 15 apr
23. M1 - 17 apr ( call 1627 )
24. NSman ( mag )- 27 May
25. E3World ( mag ) - 27 May
26. NTU Link ( mag) - 27 May
27. Just U - NTU ( mag ) - 27 May
28. Lifestyle ( mag ) - 27 May

Oilpods Investment

I received my 6th monthly income from my ownership of the Brookshire Salt Dome project= $107.18

Brookshire Salt Dome project monthly income breakdown
Feb 08 = $107.18 ( 1.429 )
Jan 08 = $108.75 ( 1.45 )
Dec 07 = $108.38 ( 1.445 )
Nov 07 = $108.84 ( 1.4512 )
Oct 07 = $110.89 ( 1.4785 )
Sept 07 = $114.49 ( 1.5265 )

Total Sum to date = $658.53
Total Holding Yield = 658.53/15,210 = 4.33%

Home - Bills for Feb 08

Bills for the month of Feb 08

1. Singtel residential phone fixed line - $25.00 ( paid for quarter jan to apr 2008 )
2. SP Services - $32.73 ( 20 feb )
3. S&CC - $37.50 ( 14 feb )
4. SCV - no subscription yet.
5. Broadband - $45.03 ( 13 feb )
6. Property Tax - no need due to rebates.
7. TV licence - $110 per year ( paid for 2008 )

black - not paid,
blue - paid

Purchase of SGS T-Bills ( TB-080214-0013 )

My purchase of SGS T-Bills

The bid done for today is for the auction next week :

Issue Code - BQ08106T
Issue Date - 14 Feb 2008
Tenor - 91 days
Maturity Date - 14 May 2008

a 10% downpayment was made ( = $100.00 ) which will be refunded when the transaction is performed next week.

I made a bid of S$1000.00

The yield will be known next week through the auction result.

yield = %
total paid = $
gain = $

The Day the Dollars Set

Interesting thread in the sgfunds forum.
thread - The Day the Dollars Sets

The video from youtube :
youtube - The Day the Dollars Sets
even got a segment comment by a Singaporean lady, Irene Cheung,
( Financial strategy ABN/AMRO, Singapore )

Portfolio Update - January 2008

Top Ten Holdings ( by market value )

1. ST Engineering
2. Noble Grp
3. SIA
4. UOB
5. SingTel
6. OCBC
7. Swiber
8. Comfort Delgro
9. Allgreen
10. Hyflux

Dividend for the month of November = $517.04

From 05-12 year2007 ( over 8 months ), my total dividend is $15,641.47
Market Value of equity = $347,807.24
Market Value of trust fund ( fundsupermart ) = $-
Market Value of trust fund ( finatiq ) = $-

Semb. Marine dropped out of my top ten becos of the hedging scandal.
Swiber dropped from 4 to 7.

Overall this month has been very volatile... and since the start of the year. the market has been heading south following the US market. Dow Jones is heading down becos of fear of recession.

I believe US will be heading for a recession or a slow down and being the largest economy in the world, it will inevitably affects all markets. Even though our economy has venture into other growing emerging markets, US economy will definitely has some inpact on us. So I expect the market to be on the low for the coming months, and I will continue to do bit by bit investing, trying to spot under value stocks.