My savings accounts, recent money flow and investments.

I have a few savings accounts but my most used accounts are the following three:

1. POSB
Despite the low interest rate for my savings, I am holding on to my POSB account mainly because I have had it since I was a boy and I feel comfortable with it. I have many arrangements tied to this account and it would be a bother to terminate it. The most important function of this account for some time now is to make and receive payments for my stock market transactions.





2. UOB
The UOB ONE account provides me with higher interest income. Since I am unemployed, I don't have any salary to credit. So, the higher interest rate offered by OCBC360 and BOC to do this doesn't apply to me. With UOB ONE account, the most important criterion is spending on the UOB ONE card. I just have to charge $500 a month to the UOB ONE Card. I do spend money despite what some might think. I keep slightly more than $50,000 in this account.





3. CIMB
I know many are worried about Malaysian banks. I was worried too but I did some research into CIMB and decided that it is well run enough although it still pales in comparison to Singaporean banks. I like how it offers a flat 0.8% interest on savings per annum (on the first $750,000) and I like the free cheque book. Yes, I am an IT dinosaur and still write cheques. I keep the bulk of my savings in this account.





I know some are worried about how having more money in the bank means money is rotting away to the extent that they do not keep an emergency fund but I think the majority of us would probably be quite happy to see more money in our savings accounts.

When I shared my investment results for FY 2016, I said I added to a few positions (See related post at the end of this blog.)







In recent weeks, I reduced my investments in SPH and Hock Lian Seng.

Although I did start a few new investments this year, namely,

1. Frasers Logistics & Ind. Trust
2. CapitaLand Retail China Trust
3. Kingsmen Creatives
4. Centurion Corporation Ltd.

And added to my investments in

5. APTT*
6. IREIT Global
7. Sabana REIT (Rights Issue)
8. Religare Health Trust






When I logged into my POSB account just now, I saw a balance which is a little bit more than what I would maintain usually. 

The total value of the stocks that I sold must be higher than the total value of the stocks I bought in recent times. 

Related to this, I decided to see exactly how much money came in and how much went out for the whole of 4Q 2016 and the current year to date:

Outflow:
$284,370

Inflow:
$320,090

Net inflow:
$35,714

Why am I sharing this? I just feel like it, I guess. Nothing profound.

If you manage to get something useful from this blog, I am glad.





However, we should not read too much into the musings of a mental investor who blogs as a past time.

Related post:
Full year passive income from non-REITs.

* With the rather substantial run up in APTT's unit price since December last year, I decided to reduce my investment in APTT today, retaining only the legacy position from its MIIF days. 

Some might remember that I added to my investment in APTT on the assumption that a DPU of 4c is more sustainable than 6.5c and at 37.5c a unit, I was looking at a 10.66% distribution yield from a heavily leveraged entity. Now, it has come down to 8%. 





As a more sustainable 8% distribution yield could be found in some less heavily leveraged entities, I am selling APTT at a price I would not buy at.

Hence, the net inflow of funds revealed earlier will see an increase in the next two days, everything else remaining equal.