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The mystery of the extra money in my account.

Thursday, August 14, 2014

I did an audit on my investment portfolio because of a discrepancy. There seemed to be an extra $2,200 which was deposited into my savings account. OK, I guess when there is more money, it is a "good" discrepancy to have but I don't like not knowing where the money is from.

As I am very much a pen and paper person and all my trading and income records are hand-written, it took me a while to flip through them as I checked line by line. Strangely, everything seemed correct.


Then, I dug out the Tax Invoices sent to me by my broker and checked them against my records. After going back some 12 months, I found the problem.

I am happy to say that the money, all $2,200 of it, is legitimately mine. Whew!


So, what was the matter?

I actually added to my long position in SPH last year in August when its share price plunged after the counter went XD (with regards to the Special Dividend of 18c per share). 

I got 10 lots at $4.03 per share. Some of you might have increased exposure too as SPH's share price went on to touch a low of $3.91 back then. Now, I remember a joke on my FB wall about how buying a few bids lower than AK's price can't be wrong. Good lesson for me. LOL.

Of course, these shares were not entitled to the special dividend and, somehow, I forgot about making an entry in my own records.

Since then, SPH has paid dividend twice, 15c a share towards the end of last year and 7c a share earlier this year. That makes 22c a share and explains the mysterious "extra" money of $2,200.

The feeling is similar to discovering a stray $5 note in my piggy bank when I was a boy months after emptying piggy of all the coins to buy a toy I was saving up for.

Related posts:
1. When to buy SPH's stock?
2. Tea with Mike: An analysis of SPH.

6 comments:

la papillion said...

Hi AK,

I do such audit on my finances all the time. Small amt like $10 or less, I'm okay..most likely it's due to forgetfulness in logging down my food expenses.

Big amt in the range of thousands, I'll stop everything I'm doing and do an audit. Doesn't matter if there's more money or less money, it's just an urge to know.

With a new software to track my money, such occurrences, I'm glad to say, gets less and less frequent :)

Capricon said...

I cannot imagine using pen and paper to track trades / stock holdings .. A simple excel can do it with summations etc or can check out investment moats free online portfolio tracker.

I guess you are using the small little notebook with "555" on the cover ? :D
And may be you enjoy writing the "0" in the thousands, hundred thousands, millions .. :D

AK71 said...

Hi LP,

I know that there is software available out there to help track our finances but I am not very fastidious when it comes to recording expenses these days. I kind of agar agar. ;p

I am a dinosaur lah. I get befuddled by more advanced IT stuff. OK, I know, you are thinking that AK is just plain lazy. You got me. -.-"

However, when it comes to transactions in my investment portfolio, buying, selling, gains, losses, dividends, I am reasonably detailed partly because I help to manage some money for my family members too.

Anyway, small hiccup. Resolved. :)

AK71 said...

Hi Capricon,

I enjoy writing with pen and paper. Seriously, I do. I am very old school that way. It gives me joy to write. :)

How do we value joy? ;p

I use A4 size writing pads actually for my records and I keep everything in an A4 size plastic clip box. $2 from Daiso. ;p

yeh said...

Excel spreadsheet makes your work easier.
I do this monthly.

AK71 said...

Singapore Press Holdings

On 2 December 2014, a share buy-back resolution was passed for Singapore Press Holdings. Between 16 and 20 February, Singapore Press Holdings repurchased a total number of 500,000 shares with a total consideration of S$2,041,527.96.

The maximum number of shares authorized for the buy-back transaction was 159,988,429. As of end of last week, by way of acquisition, Singapore Press Holdings had purchased a cumulative amount of 2,750,000 shares under the 2 December resolution. This represented 0.17% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 16 February 2015, the number of issued shares excluding treasury shares stood at 1,598,978,551 and the number of treasury shares held after purchase stood at 1,670,570.

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