My last post was 1 Nov 2010, nearly 4 years back. That was about the same time which I have not touched my stocks and funds. In fact, i checked my unit trusts transactions and i sold all of my unit trust in Feb 2011 and have not touched a unit trust since....till lately. That showed how busy I was with my full time work.
Anyway, I have kept most of my income earning stocks, mostly reits. Over the last month, I have added OUE Com Reit. I chose this reit because of its price stability and the higher than average yield. Over the last 1 month, it has hovered around my buy price.
I also bought into 2 funds: LionGlobal Asia Bond SGD(SGD) and First State Regional China Fund(SGD). I have been looking for income funds and doing some research on Fundsupermart. These 2 funds looks solid and has been paying out dividends on a very stable basis. Over the last 2-3 weeks since I have these 2 funds, each of them have increased in price between 1-2% and i am happy.
Before i forgot what i had encountered over the last few months, let me just write a bit so that i can remembered what is good or bad and maybe my readers can learn a bit from my experiences.
1) Wine investment from AWI. The presentation sounds great and the Takashimaya vouchers looks better. In the end, I bought into the deal, which are 2 crates of premium wine at $3K. The agreement was that they look to auction it off at a 30% profit for me in Aug 14. I purchased the wine in Jun14. Now, my problem is that the company and my broker/agent has not contacted me. I had a chat with a friend recently and he told he he went into wine investment and was not able to get his money back. So I am not very optimistic about this investment. Will write again if something positive come up of this.
2) I saw in the newspapers about buying a resort room for $35,000 from Castlewood. I have always wanted to invest in properties but have been strapped of cash. I arranged for a meetup and this nice lady gave me a good explanation. The investment's returns and the arrangement sounds great but there is one thing that does not fit my requirements. With the money put in, I do not own the property. I will only own the lease nights of the hotel. There is also an observation which I am surprised. This investment started at least 3 years ago and the hotel is still not completed. And more surprisingly, the company is still selling the lease nights. If the investment model is as good as they sell them, they would have been snapped out within a year. Thus, I did not invest.
3) A good friend introduced me to another guy(YJ). He's great, started a business and have been living from mostly the passive income that comes out of it. He and my friend was trying to talk me into joining them in their business. After listening and hearing the company Amway, I was disappointed. I am still disagreeing with the business model that encourage tiered marketing. But I must say that YJ has been very patience with me and have even lent me some motivational CDs and a book.
My next investment is to put some money into a regular investment fund. One that is stable enough and provides a 5% increase, whether with a price increase or by way of dividends. And I am hopeful to save some money to invest in a Australian property.
Sunday, September 14, 2014
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