Updates (13/12/2013)

Hello,

As per my first trade, I've collected net US$486.05 instantly into my trading account. After 1 working day, I can do anything with that Cash Income, either to withdraw to pay off 2 monthly instalments for my Capital Loan or I can withdraw to spend. Remember my instalment is S$250 per month.

Alternatively, I can chose to keep the funds in my trading account, as well as to re-invest for compounding effect. Of course no matter what I decide to do with the funds I definitely need to pay my Capital Loan instalments. So I decided to pay the monthly instalments using my own money & compound my returns.

The intention is to build Cashflow returns of minimum US$1000 mthly, afterwhich I will withdraw on a monthly basis. I'll also consider the option of making capital top-up after 1 year to increase the Cashflow Returns.

Current Position Market Value is 0.14 (Last Traded) -Taken from finance.yahoo.com

Would you want an investment which generates Cash Income on a short term basis ?
To have Cashflow disregards to the market directions(Of course an added Bonus if it goes in your direction)
Have room to be wrong yet still able to make money out of it ?
Not having to keep trading daily like Full-Timer ?
Grow your Money on a manageable & consistent basis ?
Collect payout FIRST instead of end of the trade ?

If your answer is YES to at least 3 of the above, then this maybe the strategy you're looking for. By the way isnt this strategy similar to Property Cashflow Investing ?

- Invest once, receive monthly Cashflow via RENT
- Once Rental Contract signed, Deposit/First Month Rent collected
- Collect on a monthly/Short-Term Basis
- Even if Property prices fluctuates, Rental still collect
- Collect Rent First before contract expires/end

*Refer to disclaimer

Expenses Incurred

Cashflow Account Funding as below:

MayBank Loan Amount     - SGD $6000.00 (18th Nov 2013)
MayBank Loan Fees          - SGD $    88.80 (1.48% -One-Time, 0% interests for 6mths)

DBS Remittance Amount   - SGD $6032.64 (21st Nov 2013) (Additional Amt of s$32.64)
DBS Remittance Expenses - SGD $    41.31

MayBank Loan Amount     - SGD $4600.00 (30th April, 2014)
MayBank Loan Fees          - SGD $    86.48 (1.88% -One-Time, 0% interests for 6mths)

MayBank Loan Amount     - SGD $6000.00 (23rd Oct, 2014)
MayBank Loan Fees          - SGD $   100.80 (1.68% -One-Time, 0% interests for 6mths)

Total Expenses :     SGD $ 88.80 (18th Nov,13)
                              SGD $ 41.31 (21st Nov,13)
                              SGD $ 32.64 (21st Nov,13)
                              SGD $ 86.48 (30th April,14)
                              SGD $100.80(23rd Oct, 14)
                          =        S$ 350.03
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Total Withdrawals from Account:
1) 31/12/2014 - USD $250 (Incl Charges-$30), net amount received S$ 279.50
2) 10/11/2015 - USD $660 (Incl Charges-$30), net amount received S$ 882.08
3) 24/11/2015 - USD $660 (Incl Charges-$30), net amount received S$ 878.43
4) 20/01/2016 - USD $200 (Incl Charges-$30), net amount received S$ 275.72
5) 21/04/2016 - USD $220 (Incl Charges-$30), net amount received S$ 283.68
6) 29/06/2016 - USD $200 (Incl Charges-$30), net amount received S$ 244.03
7) 10/08/2016 - USD $235 (Incl Charges-$30), net amount received S$ 314.30
8) 22/12/2017 - USD $715 (Incl Charges-$25), net amount received S$ 910.46
9) 31/12/2018 - USD $7005 (Incl Charges-$25) net amount received S$9988.85
Starting from 2018 compute by Yearly.

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Loan Details

MayBank Repayment: S$6000 loan (Dated 18 Nov 2013), S$88.80 (Fees)
1) 28 Nov, 2013 - s$248.80
2) 27 Dec, 2013 - s$250.00
3) 30, Jan, 2014 - s$250.00
4) 26 Feb, 2014 - s$250.00
5) 26 Mar, 2014 - s$250.00
6) 26 Apr, 2014 - s$250.00

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Arranging to rollover balance loan amt of S$4590 to another facility(no preferred bank) target beginning of May 2014. Loan Amt taken S$4600 from Maybank CreditAble, dated 30th April, 2014.

Funds are in my bank account dated 2nd May, 2014 to clear off the remaining loan from the previous Credit Facility.

MayBank Repayment: S$4600 loan (Dated 30 April, 2014), S$86.48 (Fees)
1) 16 May, 2014 - s$246.48
2) 19 June, 2014 - s$250.00
3) 21 July, 2014 - s$250.00
4) 21 Aug, 2014 - s$250.00
5) 21 Sep, 2014 - s$250.00
6) 18 Oct, 2014 - s$250.00

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Arranging to rollover balance loan amt of S$3200 to another facility(no preferred bank) target end of October 2014. Loan Amt taken S$6000 from Maybank Balance Transfer, dated 20th Oct, 2014.

Funds are in my bank account dated 23rd Oct, 2014 to clear off the remaining loan from the previous Credit Facility. Remaining amount to be funded into Cashflow Investment Account. Telegraphic Transfer made on 24th Oct 2014, awaiting to reach optionsxpress account.

MayBank Repayment: S$6000 loan (Dated 23rd Oct, 2014), S$100.80 (Fees)
1) 31 Oct, 2014  - s$250.80
2) 25 Nov, 2014 - s$250.00
3) 25 Dec, 2014 - s$250.00
4) 30 Jan,  2015 - s$250.00
5) 25 Feb, 2015 - s$250.00
6) 25 Mar, 2015 - s$250.00

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Arranging to rollover balance loan amt of S$4600 to another facility(no preferred bank), Citibank for 6mth, 0% interest, dated 14th April, 2015. Loan Amt taken S$4600, S$115 (Fees).

1) 25 Apr, 2015  - s$250.00
2) 23 May, 2015 - s$250.00
3) 20 June, 2015 - s$250.00
4) 21 July, 2015 - s$250.00
5) 20 Aug, 2015 - s$250.00
6) 25 Sep, 2015 - s$250.00

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Correction Update: Remaining Outstanding loan amt of S$3,215 to rollover to below's New Loan, extra funds are been remitted/funded into Cashflow Investing Account.

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Took a funding loan amt of S$18,200 from Maybank to DBS/POSB account, 6mth, 0% interest, 2.5% one-time fees. Dated 29th September, 2015.  S$251.16 (Fees). Repaid previous outstanding loan of S$3,215, remain amount funded into Cashflow Investing Account.

1) 13 Nov, 2015 - s$882.08
2) 25 Nov, 2015 - s$878.43


Remaining outstanding S$16,690.65


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Replacing the above loan with a new one below:
UOB S$20,500 loan, 6 mths interest free, 2.5% fee, total s$21,012.50 starting 18 Dec 2015.

1) 18 Jan, 2016 - s$631
2) 23 Feb, 2016 - s$800
3) 25 Mar, 2016 - s$650
4) 20 Apr, 2016 - s$650
5) 21 May, 2016 - s$650
6) 18 June, 2016 - s$650












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Balance amount of s$16,981.50 outstanding. On 4th July 2016, taken a s$13100 loan from OCBC at 0% interest, 2.5% processing, total loan s$13,427.50 adding on personal onhand cash of s$3,881.50 to clear previous outstanding.

Will add s$3881.50 to "Capital from my pocket" in summary.

1) 25 July, 2016 - s$557.50

2) 25 Aug, 2016 - s$550

3) 25 Sep, 2016 - s$550

4) 23 Oct, 2016 - s$550

5) 20 Nov, 2016 - s$550

6) 21 Dec, 2016 - s$550

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Balance amount of s$10,120 is transferred to another bank loan at 2.5% processing, 0% interest for 6mths. Total amount s$10,373

1) 19 Jan, 2017 - s$550
2) 19 Feb 2017 - s$550
3) 20 Mar 2017 - s$550
4) 22 Apr 2017 - s$550
5) 20 May 2017 - s$550
6) 20 Jun 2017 - s$550


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Balance amount of s$7,073 is transferred to another bank loan at 2.5% processing, 0% interest for 6mths. Total amount s$7,277.50

1) 20 Jul 2017 - s$550
2) 22 Aug 2017 - s$550
3) 21 Sep 2017 - s$550
4) 19 Oct 2017 - s$550
5) 22 Nov 2017 - s$550
6) 23 Dec 2017 - s$550

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Balance amount of s$3,977.50 is transferred to another bank loan at 2.5% processing, 0% interest for 6mths. Total amount s$4,076.94

1) 20 Jan 2018 - s$550
2) 20 Feb 2018 - s$550
3) 20 Mar 2018 - s$550
4) 20 Apr 2018 - s$550
5) 21 May 2018 - s$550
6) 23 Jun 2018 - s$1326.94

Final Balance Fully paid on 23rd June 2018

FIRST TRADE (21/11/2013)

Hi Guys,

Looking at my equities selection, I'm keen at AMD as the company is shifting itself from mainly PC Processor manufacturing to Gaming Console processor as well. Due to the reduction in demand for Personal Computer, sales of PC Processors will fall as people are moving towards Tablets & Smartphones, thus to maintain its market competitiveness, AMD has added onto Gaming Console Processing market.

3rd Quarter Earnings Report failed to hit expectation due to its moderate shift into the Gaming Console market. Expecting AMD to have improvement/better earnings towards the future Earnings Report.

Looking at AMD stock price to fluctuate between $3.20 - $3.60 by Mid-Jan, 2014 before its next earnings report dated 28, Jan, 2013. Price Target to buy in is $3.50 per share, using USD$ 4800, I can lock in 14 lots (1 lot=100 shares)

Trade Executed yesterday, collected Cashflow USD $486.05 - 10.13% for 2mths (Capital - USD $4800)

*Refer to disclaimer

FUNDING REQUEST (18/11/2013)

Hi Guys,

Prior to this Challenge, I've taken a personal loan from the bank (no specific company/brand), in this case I took from Maybank, SGD $6000, dated 14/11/2013, 0% interest for 6mths, one-time processing fees of 1.48%. Re-Payment will be at SGD $250 mthly for 6mths, will do a rollover at the end of 6mth for the remaining amount using another facility.

Funds approved on 18/11/2013, into my local bank account on 19/11/2013. Remittance at DBS Bank dated 21/11/2013, funds into trading account on the same day before midnight.

Funds Received into trading account.

*Refer to disclaimer

DISCLAIMER

Disclaimer


- Any services relating/non-relating to all my blog postings involving corporations/brands/brokerages/banks has no direct relationship with myself, nor do I receive any forms of compensation/commission when their names/logo/brand are been mentioned in/during the blog posting.

- The Brand/logo/corporation names belongs to their own respective patents/copyright ownership, I do not own/affiliate any of them to my own.

- My goal is to provide interesting and valuable information for my readers, but I cannot make any promises or guarantees that these ideas are right for you personally, nor can I guarantee the merits, returns, or utility of any of my ideas. The key thing to remember here is that I am posting information that may or may not be suitable to your specific investment situation. Please consult your personal financial advisor for questions on the appropriateness of any of these ideas discussed/posted. The most important thing is to do your own research to come to your own conclusions. nothing I say and nothing on this site should be considered personal financial advice.

- Prior to making any investment decision you should consult with professional financial, legal and tax advisers to determine the appropriateness of the risks associated with such an investment. No assurance can be given that the objectives of a particular investment will be achieved or that an investor will receive a return of all or part of his or her investment. All investments involve the risk of loss, including the loss of principal. In no event shall I be responsible or liable for the correctness of any material used herein or for any damage or lost opportunities resulting from the use of such material.


22/11/2013 - Mark Ong