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.