Sometimes stocks go down for no real reason

Saturday, 9 May 2015 17:44
Posted by owq 0 comments
Been trading Sino Grandness and Yuuzoo recently. These stocks went down for no real reason at all. Other than some news. I bought SinoG at 50 cents, and it dropped all the way to 23 cents. Seeing no big change to the fundamentals, I averaged all the way down too. These 2 stocks seem to have a lot of speculators involved. If they are willing to sell down all the way, this means they didn't buy the stock after doing due diligence. Either that, or there's some bad insider info which I don't know about. Well, we'll wait and see. Assuming the fundamentals are sound, there's a good margin of safety in the price I bought.

Look at NeraTel, though. Even after announcing news that seems to be bad on the surface, it didn't drop much. It mainly dropped because of the ex-dividend. Looks like their investors have more confidence. (Or... maybe it didn't drop yet... Hoping it drops so I can buy it.)

One of the highest yield instruments you can have

Saturday, 7 February 2015 00:35
Posted by owq 0 comments
The bicycle.

Let's consider one of the necessities in my life: transport.

If I took public transport, it would cost me about $50 a month.

My bicycle cost me about $200. Let's assume that the maintenance costs are negligible. Using public transport as a baseline for comparison, the yield will be 25% per month. Don't forget that cycling also keeps you healthy, which is priceless.

The only problem is that it doesn't scale, that is, you can't increase the returns as you put in more money.

Retail bonds on SGX!

Wednesday, 14 January 2015 19:18
Posted by owq 0 comments
Didn't know that SGX has some bonds that can be traded like shares. Market is very small and illiquid though. Bid spreads so high.

http://bullythebear.blogspot.sg/2015/01/how-to-beat-ocbc-360s-return.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+blogspot/xlKuw+%28BULLy+the+BEAR%29#.VLZM03uYs6R

SCB QL3 SGX USD virgin dividends

Monday, 5 January 2015 21:14
Posted by owq 0 comments
QL3 is a bond fund with dual-currency trading on SGX. It gives its dividends in USD. It was my first time investing in such a fund. I was expecting to receive it in my SGD trading account with some FX charge applied (from what I'd heard), but I received a cashier's order in USD though.

That, is going to be damn troublesome since QL3 makes quarterly payments.