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Chris Chin

Value Investor and Strategist

Chris Chin

Senior Supply Chain at Mnc

About

Value Investor and Strategist

Credentials

Senior Supply Chain at Mnc

Chris Chin

Senior Supply Chain at Mnc

  • Answers (24)
  • Questions (3)
  • Reviews (5)

General

Credit Cards

How many credit card should somebody have? Any hacks to help one rmb when to pay their bills for credit cards?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Updated on 18 Jun 2019
I check with credit card company about the billing cycle for my credit card and set a reminder on my mobile with Google calendar. I have a bank account and credit card under the same bank, so that I could set GIRO payment within the bank. However, my bank always send me a SMS reminder 1 week before payment due date.
👍 2

CPF

General

SeedlyTV S1E06

In a hypothetical situation, if everyone withdraws all their CPF today, will CPF have enough cash or liquidity for that?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Answered on 12 Jun 2019
Nope, CPF don't have so much cash or liquidity, as they need to commit the funds to low risk investments, financial instruments and money markets to pay you the CPF interest. However, that is not a problem, as they can always issue virtual credits or Govt guaranteed IOU to account holders to use in daily transactions.
👍 0

CPF

SeedlyTV S1E06

When selling our house, why do we have to return the interest "we would have earned" as if the money was in our OA?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Answered on 10 Jun 2019
Don't see why we are charged 2.6%pa by CPF Board when we are taking 脸from our own CPF Account. When we are taking a loan from our own personal cpf account, we should be paying the 2.6%pa to our own CPF account, instead of the CPF Board. This will make it unnecessary to pay extra 2.5%pa to our CPF Account that resulted in a total 5.1%pa cpf loan.
👍 0

In the News

How does the economy works in Singapore? The news reported that Singapore economy is growing, but isn't STI dropping? So does STI reflects Singapore economy?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Answered on 10 Jun 2019
On the contrary, Singapore economy is slowing down further. The Straits Times reported on 21 May that Singapore's 2019 growth forecast downgraded to 1.5% to 2.5% after economy slows to 1.2% in Q1. https://www.straitstimes.com/business/economy/singapores-2019-growth-forecast-downgraded-to-15-25-after-economy-slows-to-12-in-q1
👍 0

Ohm Energy

Geneco

Keppel Electric

Best Electricity

Senoko Energy

Electricity Retailers

How does the billing work? Is the billing separate from Singapore Power (SP) bill?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Answered on 10 Jun 2019
Some electricity retailers like OHM have billing arrangements with SP services to bill your electricity charges with the water chargers in one consolidated bill. While other retailers bill electricity only and SP services will bill the water charges separately.
👍 0

General

How powerful is China?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Answered on 08 Jun 2019
This trade war is bad for China in the short term but is going to make China stronger in the long term if it realises it's weaknesses and adopts a more responsible role in engaging other countries. The lessons include... Global financial system - China will realise its weaknesses as the global financial system is still pretty reliant on a financial system dominated by the USA. Responsible Global Power - This will forced them to double up on their working relationship with the world by showing their willingness to be a responsible global power. Technology - It will realised that USA is holding many rights to a lot of Patents used in current technologies and can bar anyone from using them. They will double up their efforts to fill these gaps to be an alternative system for the rest of the world.
👍 2

Loans

Could anyone give me some advice as to get out of my debt situation. Where can I even start?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Updated on 07 Jun 2019
Do sympathise with your situation. However, I'm sorry that I have to caution all to beware of such requests for loans and stay away from scammers who will take our kindness for weakness. Nobody should help such strangers, unless we are satisfied with your proof of how you arrived at such a predicament and how you will guarantee the loan. Few years ago, my friend had a bad experience helping a new colleague and didn't get back the money as promised. That colleague showed photos of his days as a GRC member and told many stories about how he helped many people. Suddenly, one weekend he sent a photo of his in-law involved in an accident overseas and needed a quick loan. He reassured my friend that the in-laws are provision shop owners and can repay the following week. However, he kept delaying payment when my friend contacted him after 1 week and finally blocked my friend's number. The loan is still outstanding but he is still uncontactable.
👍 1

Investments

REITs

What are the some of the disadvantages of investing in REITs?
Chris Chin
Chris Chin, Senior Supply Chain at Mnc
Level 5. Genius
Updated on 30 Apr 2019
Disadvantages of REITs include 1) High Leveraged Risk - REITs needs to take advantage of leveraging through loans to purchase more assets for expansion. However, leveraging could result in the risk of loan defaults in poor economic conditions and when interest rates rise. 2) Lack of funds to reinvest - Cannot take advantage of good acquisition opportunities, as they need to pay out 90% of income to unit holders to enjoy tax exemption. They might need to issue new units at discounted prices to get more funds and this will dilute existing unitholders' equity. So existing unitholders should set aside some cash to take up as much of this discounted new units it stand to have their existing shares diluted when more unitholders come on board to share the same pie. Otherwise, the REITs must increase it's funds to take advantage of good acquisition opportunities through more bank loans. will dilute current unitholders’ equity or by increasing its borrowings from banks. 2) Slower growth due to lack of funds to reinvest 3) Concentration risk as 75% must be in Assets. It's rental income and occupancy rate would be affected when there is a downturn in property market.
👍 1
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