The NAOF-DIY portfolio I have written on numerous occasions that the New Academy of Finance (NAOF) retirement portfolio structure, one that works on the premise of the 4% withdrawal rule, is a better alternative vs. the traditional 60:40 equity bond structure. Not only is the NAOF structure “proven” to have a much higher safe withdrawal
Dividend Growth Stocks I came across this interesting US Dividend Stock Watchlist that was compiled by Tom Stevenson who had a Dividend Growth Investing Facebook Group and I thought I customize it and share it with readers of NAOF. The idea is to find the “Best” Dividend Growth Stocks based on 3 criteria: Fidelity Equity
Sembcorp Industries 4Q19 Sembcorp Industries announced its 4Q19 results before the market opens on 21 February. The losses at S$15m for 4Q19 came in smaller than my expectations, even after accounting for its share of Sembcorp Marine’s substantial losses. These were due to two main reasons. One, Sembcorp Industries’ Urban Development division performed extremely well
Capping a disastrous end to 2019 Sembcorp Marine announced its 4Q19 results before the market opens on 20 February. The company incurred 4Q19 losses of S$77.7m, bringing full-year 2019 losses to S$137m. We previously expected full-year 2019 losses to be in the region of S$100-110m. We believe the main reason why losses came in significantly
GE 2015 vs 2020 The Government has come up with a generous budget consisting of rebates, bridging loans and cash payouts to help Singaporeans and businesses during these uncertain times. This Budget is also seen by many as a sweetener for the election-year budget, which is anticipated to be in 2020. We did a GE
Coming to a potential inflection point At 126 months, the US is in its longest economic expansion in history, breaking the record of 120 months of economic growth from march 1991 to March 2001. This data, according to JP Morgan, dates back all the way to 1900. So YES, we are definitely in record territory.
The sustainability of a REIT dividend/distribution payments is a key consideration for most investors looking at generating a passive income source from the ownership of such assets. We highlighted the dividend growth profile of our S-REITs in an article last week, entitled: Which S-REITs have the best record of dividend growth. This article is sort
SATS announced its 3QFY20 results on 13 February after the market closes. As expected, the results weren’t pretty. We highlighted in a short write-up of the company back in early December 2019 that the company will be negatively impacted by 3 near term headwinds: Margins pressure from consolidation Persistent cargo weakness Disruption in Hong Kong
Recession-Proof Companies There are many US companies with an illustrious track record of growing their dividend payment every year. The bests of the bests are the Dividend Kings, companies that have grown their dividend payments by 50 consecutive years. There are currently 28 companies that meet this criterion and one can download the latest list,
This article looks to identify the best tax efficient ETF portfolio to invest in for Global, US and Emerging Market exposure. For investors who have been engaging a DIY approach to construct your own ETF-based passive portfolio, you are probably well-aware of the tax implications when one is vested in US-domiciled ETF. For those who
When investing in new projects, it is easy to be wowed by the beautiful showrooms with themed interior designs and designer furniture. After all, there is never an ugly showflat when millions have been poured into them. When attending a project preview for the 1st time, it can be overwhelming to juggle the multiple assault
I thought it will be useful to list the dividend-paying track records of S-REITs. Consistent dividend growth is one of the key criteria that I personally used in the evaluation of dividend-paying stocks or REITs. I wasn’t able to find any website that provides a summarized snapshot of the dividend track record of our S-REITs,
Sembcorp Industries profit warning Sembcorp Industries (SCI) issued a rare profit warning after the market closes on 6 February. The company highlighted that it will be making a material impairment of S$245m in its upcoming 4Q19 results to be announced on 21 February. These impairments are associated with the company’s energy assets. Consequently, the company
A quick introduction Manulife US REIT has seen strong appreciation in its share price post the counter inclusion in the FTSE EPRA Nareit Index on 23 December 2019. Likely due to institutional funds “front-running” the inclusion (perfectly legal way), the counter appreciated c.10% from 1 October 2019 to the date of inclusion and continued rallying
Dollar-cost vs. Lump-sum Dollar-cost averaging is the strategy of breaking down a large sum of money and periodically deploying these smaller chunks of funds into investable assets such as stocks/bonds etc. It forms the backbone of a regular savings plan, which is a consistent and disciplined way to invest. By automating a regular savings plan,
Philip Morris: A SIN stock aiming to do good To some, Philip Morris is considered a “SIN” stock that they will not engage with a 10-foot pole. Well, this is a cigarette stock that aims to achieve a “smoke-free future”, according to the company’s CEO, Andre Calantzpoulos. You may be surprised to hear that from
