Sabana REIT -- Some Quick Thoughts

Sabana REIT debuted yesterday below it's IPO price of $1.05.

I had initially considered buying it at $1, but some considerations stopped me from doing so. From my sources that I looked through, this is the details:

1) Gearing: 26.5%
2) NAV: 99c
3) 99% space occupied.

4) Shar'iah Compliant
5) Dividend yield: 8+%
6) Sponsor: FreightLinks (owning 4.3% now)

Negative Emotions Kills Your Progress

Recently, I chanced upon this pretty self-explanatory graphic from the following website:

http://theprosperousmarketingblog.com/do-you-find-yourself-allowing-these-seven-major-negative-emotions-to-take-over-your-subconscious-mind/

Basically, negative emotions detract us from our path of intent... at least to me, it does... Over the years, I have gradually learn to think more positively, and to try to put away negative emotions as far as possible. Why get trapped in a vicious cycle of negative emotions and get nothing done eventually?

Choosing Fernvale HDB over Esparina

This post is in response to sgbluechip's post on Esparina
http://sgbluechip.blogspot.com/2010/11/visit-to-esparina-residences.html

For me, I'm eligible for the Esparina. In fact, it's right behind my parents' HDB. So I probably know that area very very well.

While I blogged a little bit about the Esparina before, I decide not to go with it in the end. The reasons:

Goal 2013

As the year draws to a close, it's time for me to set my goals and visions for the years ahead so that I have a clear path and direction to take.

My goals for 2010 are here:

http://wealthbuch.blogspot.com/2009/11/goal-2010.html

Completion Report:

1) Goal of achieving $1k average dividends per month, i.e. $12k dividends a year
Achieved!

2) Goal of setting up ExamWorld to a super big site to help more students
Didn't update much. Will continue to build it.

3) Goal of achieving at least USD$20 per month in adsense income.
Failed. Got banned from adsense. :( 
Could be a blessing in disguise as I'm planning other things.

4) Writing my own notes for my tuition students, and eventually be able to publish and sell to the different schools in Singapore
Started, progressing ok.

5) Goal of reaching $200k (SGD) networth in equities and MMF
Will be achieved next month! Currently at $196k+. Excludes CPF.

My HDB Purchase

I have selected a HDB flat last month, and paid an option fee of $2k. It's a build-to-order flat that costs $325.8k, and should be ready in about 2013. This is indeed a very big expenditure over the long run, and it makes me wonder how am I going to service the loan without much stress.

Extrapolating the growth of CPF savings from me and my girl's accounts, I estimate the total CPF savings to be sufficient to cover about one third of the cost by mid 2012. Basically, that leaves $200k to be serviced, still a substantial sum. In addition to that, I estimate that another $50k (at the minimum) might be needed for renovations. That puts it at a total of nearly $400k. I will need to plan financials when the time comes. For now, it shall remain as that.

Saizen REIT@valuebuddies

The following is a compilation of forum posts mostly by d.o.g., a respected forumer on valuebuddies forum, on Saizen REIT.

In general, he isn't too optimistic about it. On a sidenote, I'm much more optimistic, and have taken the opportunity to add another 40 lots of Saizen at $0.155 during last week's selldown.

This less optimistic and very very well written and thought out post serves to act as an alternative viewpoint.

Musings -- A loyal employee's life

Musings is a category where I will muse about random stuffs

I just had a salary raise from my full time job. While it might be fair considering the company's position, I'm still a little dissatisfied. However, I'm still stuck because I have to serve my scholarship bond with it.

Basically, I'm dissatisfied because this will contribute very little to the rate at which one can grow his/her networth. Being an employee entails
1) obeyance, follow the orders and directions of someone higher up!
2) being paid a fraction of your worth. The company needs to make profits for shareholders and for the CEO to own a personal helicopter!
3) repeating the same mindless thing many times. This is what others call job experience, or in my opinion, the experience of being able to repeat jobs that are slightly too complicated to be automated by a robot.