dun wanna waste time talking to u guys anymore.
i already said i type wrongly
pref share yield 5% for 50k
REIT >10% for 50k
12k dividend/annual initially half was coming out of my pocket
only now it gives 12k in dividend...
(07-05-2013, 09:42 PM)NTL Wrote: [ -> ]After some thoughts, I believe this portfolio is all of a fake. As mentioned in my previous post, never once that UOB Pref Shares is able to give 10% yield. The lowest it ever went is around $84, and the yield is only 6%. To give $5k dividend/yr, he will need to put in $83,000 of the $100,000. That leave $17,000 to buy the REITs to give $12k/yr?
How can this be possible?
I believe it's good to give funman168 the benefit of doubt. Sorry, as investors, we pay close attention to numbers. When the information tend to not fall in place, we're rather puzzled. Haha.
We can always give someone the benefit of the doubt. As this is a forum with so many experts watching, just remember you can't fool "All Of The People All Of The Time". Even Papys (with all the very high IQs & Elites) can't. Though sad to say for more than 40 to 50 years already.
That is a great quote from 16th President of the United States, Abraham Lincoln.
"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time."
(07-05-2013, 09:55 PM)funman168 Wrote: [ -> ]dun wanna waste time talking to u guys anymore.
i already said i type wrongly
pref share yield 5% for 50k
REIT >10% for 50k
12k dividend/annual initially half was coming out of my pocket
only now it gives 12k in dividend...
Hmm what do you mean by half of the 12k dividend is coming out of your own pocket?
You mean your mum's portfolio could only generate 6k dividends and you paid out to your mum an additional 6k on your own? That's filial of you, but if this is the case why not just give your mum the 6k as a monthly allowance or new year ang pow?
I don't see the merits of masquerading such sums as "dividends" to be paid out to your mum. No tax or legal advantages to be gained from this stunt as far as I can tell, very confusing...
I trust funman168 is not trying to be funny here, but has made a honest mistake in his posting.
Unfortunately, good answer needs good question, in other words, confusing question will only attract confusing answer, or worst offending answer
(08-05-2013, 02:28 PM)CityFarmer Wrote: [ -> ]I trust funman168 is not trying to be funny here, but has made a honest mistake in his posting.
Unfortunately, good answer needs good question, in other words, confusing question will only attract confusing answer, or worst offending answer
In the case of TS, I'm not familiar with the Pref Shares, so, no comments there. As for the REITs, if they were all bought in '08, there'd have been Rights Issues to be accounted for.
1. FCOT had a massive 3-for-1 Rights Issue @ $0.095 in Jul-09 and a CPPU Offer of 1-for-20 @ $1 in Feb-10. Also, 5-to-1 Share Consolidation in Feb-11.
2. For AIMSAMPReit, there was 5-to-1 Share Consolidation in Sep-11. This was after a 7-for-20 Rights @ $$0.155 in Sep-10 & 2-for-1 @ $0.159 on Nov-09.
IMO, it's highly possible that TS may have injected new funds to participate in the Rights Issue for his mum and may have even funded it using his own money and forgotten about it...
If there's anything to be learnt from this thread, it's the importance of proper Record Keeping.
(08-05-2013, 03:03 PM)KopiKat Wrote: [ -> ] (08-05-2013, 02:28 PM)CityFarmer Wrote: [ -> ]I trust funman168 is not trying to be funny here, but has made a honest mistake in his posting.
Unfortunately, good answer needs good question, in other words, confusing question will only attract confusing answer, or worst offending answer
In the case of TS, I'm not familiar with the Pref Shares, so, no comments there. As for the REITs, if they were all bought in '08, there'd have been Rights Issues to be accounted for.
1. FCOT had a massive 3-for-1 Rights Issue @ $0.095 in Jul-09 and a CPPU Offer of 1-for-20 @ $1 in Feb-10. Also, 5-to-1 Share Consolidation in Feb-11.
2. For AIMSAMPReit, there was 5-to-1 Share Consolidation in Sep-11. This was after a 7-for-20 Rights @ $$0.155 in Sep-10 & 2-for-1 @ $0.159 on Nov-09.
IMO, it's highly possible that TS may have injected new funds to participate in the Rights Issue for his mum and may have even funded it using his own money and forgotten about it...
If there's anything to be learnt from this thread, it's the importance of proper Record Keeping.
Yes! Not only record keeping is very important, use a software that can practically do "everything" for you. If you can, make sure no GIGO, using the software. I have no choice but to use such a software as i am not good at maths.
Ha! Ha! i like GIGO. Just joking only.
funman168 is a nice guy i believe...in fact...performance measurement is not as easy as it seems