Financial Horse

05/09/2026

S-REITs are back at Iran-war lows and yield 6.4% — will I buy back the REITs I sold this year?

Okay so after the inflation article last week, quite a few of you have asked me for my views on S-REITs and interest rates.

Especially after the article on the local banks, where I said I was holding the banks but not adding at these valuations.

The S-REIT index has fallen all the way back to the lows we saw during the Iran war in March and April.

Singapore REITs are down about 7% in 2026, while the STI is up more than 20% and the local banks sit near their highs.

At today’s prices, the sector yields about 6.4% on forward distributions.

So… are REITs a good buy?

And what would I do with the REITs I still own, given I’ve been selling REITs all year?

Okay so after the inflation article last week, quite a few of you have asked me for my views on S-REITs and interest rates. Especially after the article on the local banks, where I said I was holding the banks but not adding at these valuations. The S-REIT index has fallen all the way back […]

03/09/2026

Most people think financial problems are about numbers.

They are not.

At least, not only about numbers.

Behind every financial decision is a story ...

Most people think financial problems are about numbers. They are not. At least, not only about numbers. Yes, your salary matters. Your CPF matters. Your investments matter. Your insurance matters. But behind every financial decision is a story. Why do some people earn well but still feel poor?Why do...

30/08/2026

Singapore inflation jumps to 2.2% — but T-bills pay just 1.56%. Where should you park cash now?

In case you missed it — Singapore headline inflation just came in at 2.2%.

That is the highest reading since August 2024.

At the same time, the latest completed 6-month T-bill auction paid just 1.56%.

In plain English, almost every conventional place to park cash in Singapore now offers a headline yield below the current inflation rate.

So in this article, I wanted to cover 3 questions:

1. Why is inflation back?
2. Which cash instruments still offer a yield above inflation, if any?
3. Where would I park cash today?

In case you missed it — Singapore headline inflation just came in at 2.2%. That is the highest reading since August 2024. At the same time, the latest completed 6-month T-bill auction paid just 1.56%. In plain English, almost every conventional place to park cash in Singapore now offers a headline...

29/08/2026

Keppel Infrastructure Trust pays a 7.6% dividend yield — will I finally sell this business trust?

Okay so quite a few of you have asked me about Keppel Infrastructure Trust (KIT).

And I understand why — the unit price is up more than 30% from its June 2025 low, yet it still offers a 7.6% trailing yield.

I bought KIT in the low 40s in 2023, so to be fair this investment has done very well for me.

Including distributions, I’ve made almost 50-60% on my investment over a 3 year period, working out to almost a 20% annualised return.

Well this month, I decided to finally take profit in this business trust.

Okay so quite a few of you have asked me about Keppel Infrastructure Trust (KIT). And I understand why — the unit price is up more than 30% from its June 2025 low, yet it still offers a 7.6% trailing yield. I bought KIT in the low 40s in 2023, so to be fair this […]

27/08/2026

Healthcare has three powerful structural tailwinds.

The global population is ageing.

Ageing, Innovation and AI: 10 Healthcare Stocks Positioned to Benefit

Healthcare has three powerful structural tailwinds. The global population is ageing. Medical innovation is expanding what can be diagnosed and treated. And artificial intelligence is beginning to change drug discovery, medical imaging and clinical workflows. The World Health Organization expects one...

23/08/2026

Retiring with S$2 million in cash, SRS, CPF and stocks — which should you draw down first?

Quite a few of you have asked me about this since the 4% rule article.

Say you retire with S$2 million spread across cash, an SRS account, CPF and a brokerage account full of stocks.

Which pot should you draw down first?

Most people never plan this. They spend whatever feels most liquid and leave the SRS untouched “to compound tax-deferred” — because that is what many American retirement guides say to do.

But on a S$400,000 SRS account, that instinct could cost you S$21,150 in tax.

Quite a few of you have asked me about this since the 4% rule article. Say you retire with S$2 million spread across cash, an SRS account, CPF and a brokerage account full of stocks. Which pot should you draw down first? Most people never plan this. They spend whatever feels most liquid and leave [....

22/08/2026

How I would invest $1 million today – amid higher interest rates and the Iran war

So in an article earlier this month, some of you guys pointed out that I didn’t actually share how I would invest $1 million in this market.

On reflection, you guys were right – and my sincere apologies for the misleading title.

So I figured, let’s do a proper piece that tackles the topic head-on.

Assuming I have no investments today.

And you gave me $1 million to invest as I deem fit.

How would I invest the $1 million today?

So in an article earlier this month, some of you guys pointed out that I didn’t actually share how I would invest $1 million in this market. On reflection, you guys were right – and my sincere apologies for the misleading title. So I figured, let’s do a proper piece that tackles the topic head...

20/08/2026

What do powerful, famous, or ultra-rich people buy when they do not need anyone else to recognise it?

That is where these secretive brands become fascinating.

Most people know about famous luxury brands. But it is not always about who has the most recognizable logo, the longest boutique queue, or the most viral handbag. Sometimes the more interesting question is: What do powerful, famous, or ultra-rich people buy when they do not need anyone else to recog...

19/08/2026

Focus into more wealth 🔥

16/08/2026

If you had to name the hottest trade of the year, it wouldn't be AI—it would be Singapore! 🇸🇬 📈

The local stock market (STI) is smashing all-time highs after a massive 32% rally, while safe-haven gold has corrected 26% from its peak.

To navigate this, Lion Global Investors has launched a timely option: the LionGlobal Signature Singapore Suite. The suite gives you a flexible, modular toolkit of 8 funds and ETFs to smoothly handle the market:

* 💰 High-Yield Cash & Income: Smart places to park your cash and yield-seek with CPF-OA/SRS eligibility.

* 📈 Growth & Dividend Stocks: Managed local equity funds that look beyond just the standard big banks.

* 🔑 Locally Vaulted Gold: Singapore’s first fund backed by actual physical gold insured and stored right here at Le Freeport.

It is backed by over three decades of local investment expertise, allowing you to build a resilient portfolio or just selectively fill the gaps in your existing holdings.

Want to see if this suite fits your investing strategy?

👉 Find out more here: https://financialhorse.com/sti-at-all-time-highs-gold-down-26-from-the-peak-should-you-buy-the-lionglobal-signature-singapore-suite/