Income from October 2011:
$3,708–Regular Paycheck
$81–Dividends
$200–Bonus and Spiffs
Total Income: $3,990
Expenses from October 2011:
$452–Rent
$160–Student Loans
$74–Groceries
$73–Restaurants
$53–Internet
$52–Public Transportation
$44–Pharmacy
$21–Fast Food and Pizza
$40–Mobile Phone
$30–Gym
$105–Everything Else*
Total Expenses: $1,106

Asian’s are typically more secretive on these money matters, but I am just wondering how many readers would like to see more of these among finance bloggers here?

PageOnce like most finance website are US investors oriented. Why I say that is because they let you aggregate all your saving banks data in one place so that you can better manage it.

Think of it as if you want to aggregate OCBC,UOB,DBS and MAYBANK accounts in one view to see you networth or track spending patterns.

Most of these banks will post this msg:

Bundle lets you quickly and securely add accounts from most financial institutions. Start by searching for your financial institution below. If you need to add a new account to a financial institution you are already managing on Bundle, click Edit/Add account on that institution.

I normally will get out of this site once I see something like this since I thought it only caters to US folks but today I tried entering “DBS” and behold!

I thought this is a fluke so I happen to chance upon another finance platform today.

Bundle is a US personal finance site that aggregates your accounts and provide you with a glimpse of how people around your income group or age group spend their money.

Take a look when I tried searching for DBS

I have no such luck with UOB or OCBC bank. I even tried their full name.

Looks like DBS bank have a one up versus the other 2 banks. This concept is still not very popular in Asia, but is a step forward.

Would I let third party applications have access to this data? probably not now.

One easy way to keep track of only the comments is via RSS feeds reading it on your iPhone, Android phone, web browser or Google Reader.

To find out more about RSS take a look at this article >>

My site’s Main RSS feed is here:

http://feeds.feedburner.com/investmentmoats

The comments to all the articles updates is here:

http://www.investmentmoats.com/comments/feed/

Sorry to all readers for nothing able to post this week. Family have been pestering me to carry out spring cleaning and I have been doing this for the whole weekend.

1. Grandmaster89 from ChannelNewsAsia have been reviewing Macquarie Infrastructure Trust Fund and I may have some opinion on that this week.
2. My brother highlighted Boustead which Musicwhiz also did. Might worth to spend some brain power on this.
3. I will be busy with some development work for WAToDo! an Android application with some khakis. Hopefully I get the fine tuning done and be back to blogging.
4. There seem to be a correction coming. I believe it’s a consolidation more than anything but this rally have ran for year and a half which for large correction rally normally means on average it is somewhere there. Be vigilant.

Hope it’s a good trading week for all.

I hope that everyone have enjoyed my up to date news on

1. My portfolio
2. Technical Analysis
3. Profile of both SGX and International Dividend stocks
4. Value Investing.

Do copy my blog address and submit here. Once again, even if you do not vote I don’t hold it out against you. I will still post great content on stock market investing here.

The objective of the tracker still remains as an accessible page to track all Blue Chip and Large Dividend Yielding Stocks on the SGX.

I try to incorporate what I think are important indicators to good dividend companies and one of the things that I am not too pleased with the old Tracker was the use of Net Operating Cashflow (NOPAT).

I wrote in the past on what is the difference between Operating Cashflow, EBITDA, Earnings and Free Cashflow. For readers who want to know in depth about this can view the article here.

Why use Free Cashflow

In the past when I use operating cashflow, it is a good indicator of how much hard cash the company was bringing in. However, the cash brought in is not just to pay dividends but

1. To buy plants and equpiments or replace them as capital expenditure (CAPEX)
2. Pay off existing debts
3. Payout as dividends
4. Retain as cash in company

Comparing Operating Cashflow Yield vs Dividend Yield is not a good reflection as most company (other than REITs) have a level of CAPEX.

Only after paying for CAPEX do we know how much “free” cash the company have to maneuver.

So essentially Free Cashflow (FCF) = Operating CF – CAPEX

So how do we use it? For me I use it

• as a starting indication of whether a company is paying out more dividends then they are bringing in.
• to find companies with good free cashflow growth rate. Take a look at companyes like Google and Microsoft.

Case Study: VICOM and SPH

Both these stocks provide a nice dividend yield on my dividend stock tracker. VICOM at 4.5% and SPH at 6.3%.

So if we are looking for yield then of course we would choose SPH right?

Vicom’s cashflow after taking into consideration capital expenditure is 7.2%. This means that if they don’t want to retain cash or pay off debt level, they can actually pay out 7.2% dividend yield based on how much they earn.

They even have a low payout ratio at 42% ( A note: my payout ratio is payout of operating cashflow instead of net income)

SPH on the other hand have a free cashflow yield of 5.1%. This means that it is paying out more than its earned after factoring capex.

So where did the 6.3%-5.1% = 1.2% yield come from? That, for a company can come from

1. Existing Cash Holdings ( See Balance Sheet)
2. Take on more debts ( See Cashflow Statement under Financing)

Its payout ratio is high at 115% as well.

If you ask me, I would say Vicom looks the safer dividend since it has been operating within its capital structure better.

Conclusion

With this in place, you can see a lot of stocks on the stock tracker with red free cashflow. what does this mean? If the dividend payout is more than free cashflow, its flaged as red in color.

There are even companies with negative free cashflow like SP Ausnet.

Hope this is helpful.

I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. It  contains Singapore’s top dividend stocks both blue chip and high yield stock that are great for high yield investing. Do follow my Dividend Stock Tracker which is updated nightly  here.

But its good to see the REITs and Yield Stocks holding up well in this small correction.

But I urge caution as the trend seems to be pointing lower.

Your yield stocks if you bought at a right price should give  you time to maneuver should things get ugly.

Singtel Looks to be showing signs of weakness and it is one of the largest blue chip stocks on the SGX. As a telco stock I like its payout ratio and although it doesn’t yield as much as M1 or Starhub its payout ratio is much lower much sustainable. Could be a good pickup.

Top Stock Market Blog

I got to know that I was part of a group of blogs raised as top stock market blogs in 2010.

I would like to thank you readers for your support these past 4 years and hope to deliver more alternative and informative content to provide you with a better investment sensing.

I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. It  contains Singapore’s top dividend stocks both blue chip and high yield stock that are great for high yield investing. Do follow my Dividend Stock Tracker which is updated nightly  here.