Seventy Four Percent Invested, Twenty Six Percent Cash

My cash holdings versus total amount invested fell from 28% in December 2017 to 26% in current month February 2018. I attributed the decrease in cash as I invested S$3K into the Ethereum mining rig that I have self build last month ( My Sweet Retirement Builds A Cryptocurrency Mining Rig ).

In the month of January 2018, I contributed S$500 to my SRS account. This is inline with the goal that I have set for myself in the year 2018. I tell myself I have to be discipline and not top up my SRS only at the end of the year. The purpose is to reduce the income tax I have to pay in 2019. Today, I read in the news that we can soon use our SRS to purchase Singapore Savings Bond. I am not sure if that will actualize but I am looking forward to it. Read More

My Personal Analysis of Singtel

Recently, the share price of Singtel has breached its 5 year low, falling as low as S$3.36 as of 12th February 2018. This is after they announced their Q3FY18 net profit fell 8.5% to S$890 million from S$973 million one year ago. Singtel attributed the decline due to lower profits from subsidiaries Airtel, Telkomsel and Globe and also due to lower contribution from NetLink Trust following the divestment of its majority stake in the company.

I doubt the divestment of NetLink Trust will have much impact on Singtel’s FY18 profits as NetLink Trust only contributed S$73 million pre-tax profits in 2017. Read More