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Financial Horse - Singapore Stock and REIT Investments
12 Nov, 02:01
Singapore has no shortage of expensive meals – but a tiny handful of dishes sit right at the top of the food chain.Here’s a full tour of 8 of the most expensive (and iconic) dishes in Singapore, plus whether they’re actually worth the splurge.https://financialhorse.com/8-of-the-most-expensive-culinary-dishes-in-singapore/Financial Horse - Singapore Stock and REIT Investments
7 Nov, 02:51
Daiwa House Logistics Trust falls to an all-time low and pays a 10% dividend yield — Will I buy this REIT?Okay so a reader wrote in recently asking me to take a look at Daiwa House Logistics Trust (DHLU) – is it a good risk-reward, given the exposure to Japan and Vietnam logistics?And I get it.The unit closed at S$0.39 on Friday, which is 51% below the S$0.80 IPO price, and as far as I can tell the lowest it has ever traded.At that price it pays a 10% trailing dividend yield, and trades at 0.62x book.So... Will I buy this REIT?https://financialhorse.com/daiwa-house-logistics-trust-falls-to-an-all-time-low-and-pays-a-10-dividend-yield-is-this-japan-logistics-reit-a-good-risk-reward-and-will-i-buy/Financial HorseDaiwa House Logistics Trust falls to an all-time low and pays a 10% dividend yield — Will I buy this REIT?Okay so a reader wrote in recently asking me to take a look at Daiwa House Logistics Trust (DHLU) – is it a good risk-reward, given the exposure to Japan and Vietnam logistics? And I get it. The unit closed at S$0.39 on Friday, which is 51% below the S$0.80…Financial Horse - Singapore Stock and REIT Investments
1 Nov, 02:43
Nvidia, Tesla, SpaceX futures are here: How to hedge US tech exposure while holding on to your winnersFor long-term investors, one of the hardest decisions is not what to buy — but what to do when a good stock becomes volatile.That is especially true for high-growth names such as Nvidia, where short term moves can be highly volatile even when the long-term investment thesis remains intact.For an investor who already owns 100 Nvidia shares and remains bullish for the long term, the question is therefore: how much short-term risk should the portfolio take?There are a few obvious choices.Sell some shares to lock in profits. Buy put options. Or simply stay invested and ride out the volatility.There is now another possibility: keep the Nvidia shares, but temporarily short Nvidia Single Stock Futures against them.For retail investors, the key attraction is not just leverage. It may simply be the ability to reduce short-term risk without having to sell a long-term winner.In this article i wanted to discuss more about how this would work.https://financialhorse.com/nvidia-tesla-spacex-futures-are-here-how-to-hedge-us-tech-exposure-while-holding-on-to-your-winners/Financial HorseNvidia, Tesla, SpaceX futures are here: How to hedge US tech exposure while holding on to your winnersFor long-term investors, one of the hardest decisions is not what to buy — but what to do when a good stock becomes volatile. That is especially true for high-growth names such as Nvidia, where earnings, interest-rate expectations and broader market sentiment…Financial Horse - Singapore Stock and REIT Investments
31 Oct, 01:36
How to get $5,000 a month passive dividend income in 2026 — $1M portfolio at 6% yield: REITs, banks, or bonds?Okay so every year around this time, I get the same question from readers.How to build a portfolio that generates passive dividend income?Or more specifically – How do I get S$5,000 a month in passive dividend income?I’ve done a version of this article every year since 2022 (last year’s one is here), so I figured it was time for the 2026 update.A lot has changed in a year.The bank stocks that were paying 6% two years ago now pay about 4%.T-bills are at 1.95%, and the latest Singapore Savings Bond pays 2.45%.And S-REITs, which are really the only thing on the SGX still paying 6%, are sitting close to their 2023 lows.So… can you still build a S$1 million portfolio that pays S$5,000 a month in 2026?https://financialhorse.com/how-to-get-5000-a-month-passive-dividend-income-in-2026-1m-portfolio-at-6-yield-reits-banks-or-bonds/Financial HorseHow to get $5,000 a month passive dividend income in 2026 — $1M portfolio at 6% yield: REITs, banks, or bonds? | Financial HorseOkay so every year around this time, I get the same question from readers. How to build a portfolio that generates passive dividend income? Or more specifically – How do I get S$5,000 a month in passive dividend income? I’ve done a version of this article…Financial Horse - Singapore Stock and REIT Investments
29 Oct, 03:08
There is something deeply seductive about the all-in investor.One idea. One massive bet. No hedging. No compromise.If it works, the investor looks like a genius.If it fails, nobody remembers the careful analysis behind the decision. They only remember that everything was lost.So why do otherwise intelligent investors risk it all?And when does high conviction become plain recklessness?https://financialhorse.com/risking-it-all-inside-the-mind-of-an-all-in-investor/Financial HorseRisking It All: Inside the Mind of an All-In InvestorThere is something deeply seductive about the all-in investor. One idea. One massive bet. No hedging. No compromise. If it works, the investor looks like a genius. If it fails, nobody remembers the careful analysis behind the decision. They only remember…Financial Horse - Singapore Stock and REIT Investments
17 Oct, 01:13
Mapletree Industrial Trust falls 47% from highs and pays a 7% dividend yield — why isn’t the AI data centre boom helping, and will I buy?When Mapletree Industrial Trust (MIT) bought the huge data centre portfolio in 2021, I shared back then that I was not a fan.The US market is brutally competitive – I just didn’t see the competitive advantage a Singapore REIT had in buying 50% exposure to US data centres.Real estate is a local business, you just don’t have the expertise to compete with the locals over a longer time period.So back in 2021 I sold my entire position in MIT, and in hindsight I’m glad I did.But quite a few of you have asked me about MIT again of late.MIT is now 47% below its 2020 high, at a 52-week low, and it pays a 7% dividend yield.This is a REIT where more than half the assets are data centres.So… at 7% dividend yield, is it finally a good buy?https://financialhorse.com/mapletree-industrial-trust-falls-47-from-highs-and-pays-a-7-dividend-yield-why-isnt-the-ai-data-centre-boom-helping-and-will-i-buy/Financial HorseMapletree Industrial Trust falls 47% from highs and pays a 7% dividend yield — why isn’t the AI data centre boom helping, and will…When Mapletree Industrial Trust (MIT) bought the huge data centre portfolio in 2021, I shared back then that I was not a fan. The US market is brutally competitive – I just didn’t see the competitive advantage a Singapore REIT had in buying 50% exposure to…Financial Horse - Singapore Stock and REIT Investments
15 Oct, 02:17
A customer walks into a luxury store, looks at a bag, checks the price and leaves.They could afford it. They just did not think it was worth the money.That is a harder problem to solve than a customer waiting for their next bonus.https://financialhorse.com/is-luxury-over-or-just-overpriced/Financial HorseIs luxury over—or just overpriced? | Financial HorseA customer walks into a luxury store, looks at a bag, checks the price and leaves. They could afford it. They just did not think it was worth the money. That is a harder problem to solve than a customer waiting for their next bonus. Bain estimates that the…Financial Horse - Singapore Stock and REIT Investments
10 Oct, 02:15
DBS, OCBC and UOB plunge 10% this week – buy the dip, or is more downside coming?The price action in the Singapore banks this week was… not pretty.OCBC is down 10% from Tuesday’s high, UOB 8%, DBS 6% – and on Thursday the STI had its worst day since April 2025.What caused the crash?And would I buy the dip, or is more downside coming?https://financialhorse.com/dbs-ocbc-and-uob-plunge-10-this-week-buy-the-dip-or-is-more-downside-coming/Financial HorseDBS, OCBC and UOB plunge 10% this week – buy the dip, or is more downside coming? | Financial HorseThe price action in the Singapore banks this week was… not pretty. OCBC is down 10% from Tuesday’s high, UOB 8%, DBS 6% – and on Thursday the STI had its worst day since April 2025. A month ago I wrote that OCBC was not cheap at S$32, despite being a shareholder.…Financial Horse - Singapore Stock and REIT Investments
20 Sept, 02:24
Should you defer CPF LIFE to 70 for S$2,380 a month instead of S$1,780 — is the 5-year wait worth S$107,000?Okay so when I wrote about which pot to drain first in retirement, I said that deferring CPF LIFE deserved its own article — and quite a few of you took me up on it.So here it is.CPF’s own example is a member with S$220,400 in his Retirement Account on the Standard Plan: S$1,780 a month if he starts at 65, or S$2,380 a month if he waits until 70.S$600 a month more, for life, for waiting 5 years.The catch is that those 5 years cost you 60 payouts of S$1,780 — about S$107,000 that has to come out of your own pocket instead.So 3 questions:1. At what age do you break even? 2. What do the 5 years of waiting actually cost — and does it matter where the money comes from? 3. Who should not defer?https://financialhorse.com/should-you-defer-cpf-life-to-70-for-s2380-a-month-inFinancial HorseShould you defer CPF LIFE to 70 for S$2,380 a month instead of S$1,780 — is the 5-year wait worth S$107,000? | Financial HorseOkay so when I wrote about which pot to drain first in retirement, I said that deferring CPF LIFE deserved its own article — and quite a few of you took me up on it. So here it is. CPF’s own example is a member with S$220,400 in his Retirement Account on…Financial Horse - Singapore Stock and REIT Investments
19 Sept, 01:55
Grab shares plunge 59% in 1 year – Will I sell my shares or buy more?Okay so quite a few of you have asked me about Grab.And I understand why – Grab closed at US$2.81 this week.The lowest since mid 2023.And it is now down 59% since its high of 6.60 just late last year.Yet all 26 analysts covering Grab rate it a Buy, with an average target price of US$5.86 – double today’s price.I hold grab shares with an average price of $3 – $4, so I am definitely down on this position.So... will I sell my shares, or will I buy more?https://financialhorse.com/grab-shares-plunge-59-in-1-year-will-i-sell-my-shares-or-buy-more/Financial HorseGrab shares plunge 59% in 1 year – Will I sell my shares or buy more? | Financial HorseOkay so quite a few of you have asked me about Grab. And I understand why – Grab closed at US$2.81 this week. The lowest since mid 2023. And it is now down 59% since its high of 6.60 just late last year. Yet all 26 analysts covering Grab rate it a Buy, with…Financial Horse - Singapore Stock and REIT Investments
17 Sept, 02:00
Wealth planning sounds like something only billionaires need.The rich may have more assets, more advisers, and more complicated estates. But the basic problems are the same for ordinary families.The famous cases are useful because they show what happens when wealth planning fails at scale.The names are glamorous.The mistakes are painfully ordinary.https://financialhorse.com/famous-wealth-planning-mistakes-and-what-we-can-learn-from-them/Financial HorseFamous Wealth Planning Mistakes - And What We Can Learn From Them | Financial HorseWealth planning sounds like something only billionaires need. That is the first mistake. The rich may have more assets, more advisers, and more complicated estates. But the basic problems are the same for ordinary families. The famous cases are useful because…Financial Horse - Singapore Stock and REIT Investments
13 Sept, 01:37
Keppel DC REIT buys two Tokyo data centres for S$1.37 billion — is this a good deal, and will I buy this REIT at 4.7% dividend yield?In case you missed it, Keppel DC REIT announced last week that it is buying two data centres in Inzai, Greater Tokyo, for S$1.37 billion.To pay for it, the REIT raised S$625 million in a private placement at S$2.10 a unit.Quite a few of you have asked me what I make of it, so in this article I wanted to discuss:1. Is this Tokyo acquisition a good deal for existing unitholders? 2. What does the Japanese yen have to do with it? 3. Would I buy Keppel DC REIT at S$2.24?https://financialhorse.com/keppel-dc-reit-buys-two-tokyo-data-centres-for-s1-37-billion-is-this-a-good-deal-and-will-i-buy-this-reit-at-4-7-dividend-yield/#So_is_it_a_good_deal_and_will_I_buyFinancial HorseKeppel DC REIT buys two Tokyo data centres for S$1.37 billion — is this a good deal, and will I buy this REIT at 4.7% dividend…In case you missed it, Keppel DC REIT announced last week that it is buying two data centres in Inzai, Greater Tokyo, for S$1.37 billion. To pay for it, the REIT raised S$625 million in a private placement at S$2.10 a unit — about a 4.5% discount to the S$2.20…Financial Horse - Singapore Stock and REIT Investments
12 Sept, 00:49
OCBC is cheap (undervalued) at $32? – Why I disagree despite being a shareholderOver the weekend, an article popped up on my Google feed with the title “OCBC is cheap (undervalued) at $32.27. Not Kidding.”Now OCBC is my biggest bank position, so naturally I wanted it to be right.I mean, why would I not want this position to double from here.But wanting something to be true is not the same as it being true, so I sat down and ran the numbers myself.And I wanted to share the numbers with you guys – whether OCBC is truly undervalued.https://financialhorse.com/ocbc-is-cheap-undervalued-at-32-why-i-disagree-despite-being-a-shareholder/Financial HorseOCBC is cheap (undervalued) at $32? – Why I disagree despite being a shareholder | Financial HorseOkay so this one is a little different. Over the weekend, an article popped up on my Google feed with the title “OCBC is cheap (undervalued) at $32.27. Not Kidding.” Now OCBC is my biggest bank position, so naturally I wanted it to be right. I mean, why would…Financial Horse - Singapore Stock and REIT Investments
10 Sept, 03:09
Some things are absolutely worth “overpaying” for – because they buy back energy, time, and sanity for years.Others just drain cash and add zero long-term happiness.Lifestyle Upgrades Worth The Splurge?https://financialhorse.com/lifestyle-upgrades-worth-the-splurge/Financial HorseLifestyle Upgrades Worth The Splurge? | Financial HorseSome things are absolutely worth “overpaying” for – because they buy back energy, time, and sanity for years. Others just drain cash and add zero long-term happiness. The trick is knowing which is which, and having clear rules so you can splurge guilt-free.…Financial Horse - Singapore Stock and REIT Investments
6 Sept, 02:34
Your spouse inherits S$1 million and has never bought a stock — what should the portfolio look like?Okay so this one comes from a reader comment on the last article.“Part 1: Cannot siam US estate tax easily.Part 2: Where your spouse can find your money.We need a Part 3 — how your spouse should set up a fuss-free portfolio when they are less financially savvy.”Fair point.Part 1 covered how long your family waits before they see a cent. Part 2 covered the one-page plan so they can actually find the money.Neither answered the obvious next question — what do they do with it once they have it?And the best starting point is this: the goal is not to turn your spouse into a hardcore investor picking 30 different stocks globally and managing stop losses.The goal is to build a portfolio that doesn’t need them to be one.Financial HorseYour spouse inherits S$1 million and has never bought a stock — what should the portfolio look like? | Financial HorseOkay so this one comes from a reader comment on the last article. “Part 1: Cannot siam US estate tax easily. Part 2: Where your spouse can find your money. We need a Part 3 — how your spouse should set up a fuss-free portfolio when they are less financially…Financial Horse - Singapore Stock and REIT Investments
5 Sept, 02:37
S-REITs are back at Iran-war lows and yield 6.4% — will I buy back the REITs I sold this year?Okay so after the inflation article last week, quite a few of you have asked me for my views on S-REITs and interest rates.Especially after the article on the local banks, where I said I was holding the banks but not adding at these valuations.The S-REIT index has fallen all the way back to the lows we saw during the Iran war in March and April.Singapore REITs are down about 7% in 2026, while the STI is up more than 20% and the local banks sit near their highs.At today’s prices, the sector yields about 6.4% on forward distributions.So… are REITs a good buy?And what would I do with the REITs I still own, given I’ve been selling REITs all year?https://financialhorse.com/s-reits-are-back-at-iran-war-lows-and-yield-6-4-will-i-buy-back-the-reits-i-sold-this-year/Financial HorseS-REITs are back at Iran-war lows and yield 6.4% — will I buy back the REITs I sold this year? | Financial HorseOkay so after the inflation article last week, quite a few of you have asked me for my views on S-REITs and interest rates. Especially after the article on the local banks, where I said I was holding the banks but not adding at these valuations. The S-REIT…Financial Horse - Singapore Stock and REIT Investments
3 Sept, 02:11
Most people think financial problems are about numbers.They are not.At least, not only about numbers.Behind every financial decision is a story ...https://financialhorse.com/how-to-unpack-financial-baggage-and-finally-take-control-of-your-money-in-singapore/Financial HorseHow to Unpack Financial Baggage — and Finally Take Control of Your Money in SingaporeMost people think financial problems are about numbers. They are not. At least, not only about numbers. Yes, your salary matters. Your CPF matters. Your investments matter. Your insurance matters. But behind every financial decision is a story. Why do some…Financial Horse - Singapore Stock and REIT Investments
30 Aug, 01:36
Singapore inflation jumps to 2.2% — but T-bills pay just 1.56%. Where should you park cash now?In case you missed it — Singapore headline inflation just came in at 2.2%.That is the highest reading since August 2024.At the same time, the latest completed 6-month T-bill auction paid just 1.56%.In plain English, almost every conventional place to park cash in Singapore now offers a headline yield below the current inflation rate.So in this article, I wanted to cover 3 questions:1. Why is inflation back? 2. Which cash instruments still offer a yield above inflation, if any? 3. Where would I park cash today?https://financialhorse.com/singapore-inflation-jumps-to-2-2-but-t-bills-pay-just-1-56-where-should-you-park-cash-now/Financial HorseSingapore inflation jumps to 2.2% — but T-bills pay just 1.56%. Where should you park cash now? | Financial HorseIn case you missed it — Singapore headline inflation just came in at 2.2%. That is the highest reading since August 2024. At the same time, the latest completed 6-month T-bill auction paid just 1.56%. In plain English, almost every conventional place to park…Financial Horse - Singapore Stock and REIT Investments
29 Aug, 01:24
Keppel Infrastructure Trust pays a 7.6% dividend yield — will I finally sell this business trust?Okay so quite a few of you have asked me about Keppel Infrastructure Trust (KIT).And I understand why — the unit price is up more than 30% from its June 2025 low, yet it still offers a 7.6% trailing yield.I bought KIT in the low 40s in 2023, so to be fair this investment has done very well for me.Including distributions, I’ve made almost 50-60% on my investment over a 3 year period, working out to almost a 20% annualised return.Well this month, I decided to finally take profit in this business trust.https://financialhorse.com/keppel-infrastructure-trust-pays-a-7-6-dividend-yield-will-i-finally-sell-this-business-trust/Financial HorseKeppel Infrastructure Trust pays a 7.6% dividend yield — will I finally sell this business trust? | Financial HorseOkay so quite a few of you have asked me about Keppel Infrastructure Trust (KIT). And I understand why — the unit price is up more than 30% from its June 2025 low, yet it still offers a 7.6% trailing yield. I bought KIT in the low 40s in 2023, so to be fair…Financial Horse - Singapore Stock and REIT Investments
27 Aug, 02:00
Healthcare has three powerful structural tailwinds.The global population is ageing.Ageing, Innovation and AI: 10 Healthcare Stocks Positioned to Benefithttps://financialhorse.com/ageing-innovation-and-ai-10-healthcare-stocks-positioned-to-benefit/Financial HorseAgeing, Innovation and AI: 10 Healthcare Stocks Positioned to BenefitHealthcare has three powerful structural tailwinds. The global population is ageing. Medical innovation is expanding what can be diagnosed and treated. And artificial intelligence is beginning to change drug discovery, medical imaging and clinical workflows.…
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