Forced selling due to financial hardship.

Vin Diesel, Michelle Rodrigeuz and Gina Carano amazed by the crazy car prices in Singapore!
"Is the moral of the story don't buy cars in Singapore?"

UPDATE (December 2016):
Someone was telling me how it is really tough to make ends meet in Singapore. He was rattling off what sounded like a well rehearsed list but when he said "petrol prices went up", I went:

"You are having trouble making ends meet and you have a car?"

I guess I might have sounded a bit rude. It wasn't by intention. Really. He gave me a dirty look... Anyway...
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In recent months, I felt an air of caution and some might even say pessimism in the economy. 

Maybe, it is just me but my observations tell me that maybe the economy is not humming along so nicely.

Are hard times around the corner?

What can we learn from this recent ad to sell a BMW car?

Being financially prudent will help us to become more secure financially. Then, we wouldn't have to fear hard times (as much). 

Although we would not wish for it to happen, hard times could descend upon us quite suddenly. When it does happen, we want it to be good for us.

Be prudent with our expenses and, very importantly, don't fund our consumption with debt.

“When you combine ignorance and leverage, you get some pretty interesting results.” Warren Buffett.

Related posts:
1. Come out on top of a recession (Part 1)
2. Come out on top of a recession (Part 2)
3. A car loan is different from a home loan.
4. From rich to broke?
5. Wage slaves should be fearful.
6. The evil instalment schemes and their minions.

Accordia Golf Trust: 6.8% to 7% distribution yield.

A new business trust is set to list in Singapore and it owns golf courses in Japan. The IPO is expected to price the units between 97c to $1.00 each and distribution yield is going to be between 6.8% to 7%.

I have not looked at the prospectus but I tried to understand how the manager is compensated. It is frankly quite complicated to me. It isn't as straightforward as a trust involving real estate. See if you understand it: Golf Course Management Agreement (page 3).

I also looked at some published figures and I am not sure that the assets are doing very well:



Click to enlarge.

I would draw attention to "net income per share" and "dividend per share". Interesting, isn't it?

See: financial highlights.

Could Accordia Golf Trust see a meteoric rise in unit price like Croesus Retail Trust did during its IPO? Your guess is as good as mine. However, I know that I will be giving the IPO a miss.

Read article:
Accordia Golf Trust to list on SGX.

Related post:
High yielding business trusts: A discussion.