Peter Lim - New Owner of Valencia

Peter Lim has done Singapore proud.  He is now the owner of Valencia football club.  I know that this is probably already stale news but it is a moment to be savoured nonetheless.  How many Singaporeans do you know that actually own football clubs?

I think it is rather good publicity for Singapore since many Europeans probably do not even know where Singapore is.  And what better way to gain some publicity than to own one of their very own football clubs.

Anyway, Peter Lim had previously made a bid for Liverpool.  That deal did not come to pass so I was thinking that this deal might also not come through.  Glad that it did come through in the end.

For those who don't know Peter Lim, he used to be a stock remisier who made it big in the Singapore stock market.  He married an ex-actress, Cherie Lim.  Believe he also has a daughter, Kim Lim, who is 22 years old and is currently studying in Singapore Institute of Management.  Recall reading in the news that his family stays in an entire 11 storey condominium tower around the Orchard area.

For those who don't know, Peter Lim is also said to be quite active in charity work.  His involvement in the local football scene also saw the SOF-Peter Lim Charity Cup (an exhibition fundraiser match) held in 2013.

Wishing him the very best of success in his ownership of Valencia.

Recieving Cash in mailbox Every Month

Most people probably dread opening up their mailbox because they know that only bills await them. However, I am probably one of a few people who actually enjoys opening my mailbox to check for mail. The reason? I receive monthly cheques in my mail so I am always excited to open them up and add it together with other dividends that might have been directly credited into my bank account.

Those of you who have been following my blog over the years probably know that I am a dividends kind of investor. My timing into stocks are quite bad. But dividends have always been my kind of thing. I like the certainty of investing into businesses that provide shareholders with cash in their pockets. Over the years, I have lost count of the dividends I have received.

My favourite kind of dividends are those that are paid regularly. Some of my holdings even pay monthly dividends. That is amazing from my point of view. In short, I have been able to supplement my very average salary with passive income without actually moonlighting.

Foreign holdings in U.S. Etfs and monthly dividend stocks are those cheques which end up in my mailbox. And it is always nice to reach home at the end of a long hard day at work to find a cheque or sometimes piles of cheques in my mailbox. Trust me, the feeling is quite surreal when you get the first cheque but after sometime, it still feels awesome!

Just this month alone, I have received 3 cheques. And the month isn't over yet :)

Dividends for April 2014

Finally took time to compile the cheques that have been coming in through my mailbox and calculated the dividends received for the month of April 2014.

Received a total of S$237.

This comprises dividends from Armour Residential REIT, Gamco Global Gold, Linn Energy and a host of other unit trusts like FAHY, Schroder, John Hancock.

The interests from my bank account (DBS multiplier) also contributed quite a fair bit and I have set up the OCBC 360 account for a similar purpose since it offers higher interest rates compared to a normal savings account.

Engineers Surely Can Relate to This - The Expert (Short Comedy Sketch)

A very funny short clip on what happens when an engineer is put in a room with a group of people who don't seem to be making any sense.  I am sure everyone can relate to this video at some level - especially engineers.

OCBC 360 Account Offers Incredible Interest Rates of over 3%

Recently, I posted about opening a DBS multiplier account that offered interest rates of over 2% depending on your cashflow with the bank.

It now seems that OCBC has up the competition by offering a similar account that offers interest rates up to 3.05% . OCBC 360 account seems attractive as the bonus interest rates are also much more achievable.

To get the bonus interest rates, I will just need to credit my salary, carry out 3 bill payments, and charge $400 to an OCBC credit card. Each of the above gives a bonus interest of 1%. Together with the base interest of 0.05%, it adds up to 3.05%.

I think the offer from OCBC seems to be too good to be missed. Opening my account with them definitely.

Dividends for March 2014

Haven't had much time to blog lately.  Have been busy with work.  Everything has been same old same old.  Nothing much has changed and I have been feeling pretty contented lately with everything that I have been blessed immensely with.  Good job, health, family, etc, etc.

Anyway, I just managed to consolidate the dividends/interests/etc received for March 2014.

The total amount is around $360.  Not too bad but I guess it can always be higher if I had been a little more disciplined with my savings and investing.

Perhaps it is time to take a fundamental re-look at all my expenditure and savings and to see if I am channelling my savings in the best manner into my various investments.

Dividends for February 2014

Finally got down to compiling my dividends received for the month of February 2014.

Total dividends received was $255.75.

The dividends came from a total of 8 different "sources".  This includes stocks, unit trusts as well as the DBS multiplier account that I had signed up for.

I am glad that I have managed to diversify my sources of dividends.  However, the amount is still quite low as compared to my targets.  It looks like I have to start saving a lot more.