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01/11/2026

Nvidia, Tesla, SpaceX futures are here: How to hedge US tech exposure while holding on to your winners

For long-term investors, one of the hardest decisions is not what to buy — but what to do when a good stock becomes volatile.

That is especially true for high-growth names such as Nvidia, where short term moves can be highly volatile even when the long-term investment thesis remains intact.

For an investor who already owns 100 Nvidia shares and remains bullish for the long term, the question is therefore: how much short-term risk should the portfolio take?

There are a few obvious choices.

Sell some shares to lock in profits. Buy put options. Or simply stay invested and ride out the volatility.

There is now another possibility: keep the Nvidia shares, but temporarily short Nvidia Single Stock Futures against them.

For retail investors, the key attraction is not just leverage. It may simply be the ability to reduce short-term risk without having to sell a long-term winner.

In this article i wanted to discuss more about how this would work.

For long-term investors, one of the hardest decisions is not what to buy — but what to do when a good stock becomes volatile. That is especially true for high-growth names such as Nvidia, where earnings, interest-rate expectations and broader market sentiment can all drive sharp short-term moves e...

31/10/2026

How to get $5,000 a month passive dividend income in 2026 — $1M portfolio at 6% yield: REITs, banks, or bonds?

Okay so every year around this time, I get the same question from readers.

How to build a portfolio that generates passive dividend income?

Or more specifically – How do I get S$5,000 a month in passive dividend income?

I’ve done a version of this article every year since 2022 (last year’s one is here), so I figured it was time for the 2026 update.

A lot has changed in a year.

The bank stocks that were paying 6% two years ago now pay about 4%.

T-bills are at 1.95%, and the latest Singapore Savings Bond pays 2.45%.

And S-REITs, which are really the only thing on the SGX still paying 6%, are sitting close to their 2023 lows.

So… can you still build a S$1 million portfolio that pays S$5,000 a month in 2026?

Okay so every year around this time, I get the same question from readers. How to build a portfolio that generates passive dividend income? Or more specifically – How do I get S$5,000 a month in passive dividend income? I’ve done a version of this article every year since 2022 (last year’s one...

29/10/2026

There is something deeply seductive about the all-in investor.

One idea. One massive bet. No hedging. No compromise.

If it works, the investor looks like a genius.

If it fails, nobody remembers the careful analysis behind the decision. They only remember that everything was lost.

So why do otherwise intelligent investors risk it all?

And when does high conviction become plain recklessness?

There is something deeply seductive about the all-in investor. One idea. One massive bet. No hedging. No compromise. If it works, the investor looks like a genius. If it fails, nobody remembers the careful analysis behind the decision. They only remember that everything was lost. So why do otherwise...

25/10/2026

Singapore’s fertility rate has fallen to record lows. More couples are marrying later, having children later, having fewer children, or stopping at one child.

Among resident ever-married women aged 40 to 49, about one in four now have one child.

So only-child families are no longer unusual.

And with that comes a familiar worry:

Will only children become too spoilt?

For a long time, the “standard” Singapore family was imagined as two parents and two children. That picture is changing. Singapore’s fertility rate has fallen to record lows. More couples are marrying later, having children later, having fewer children, or stopping at one child. Among resident...

24/10/2026

Sea (Shopee) shares plunge 19% in 4 days to multi year low after announcing AI business — I hold this stock. Will I sell, or buy more?

The price action in Sea Ltd this week was ugly.

Down 9% on Tuesday, on almost 4 times the normal volume.

Totalling 19% in 4 trading days, and the stock is now down 60% from its September 2025 high.

The trigger was a 700-word email from founder Forrest Li to his staff, marking 9 years since the IPO – saying that Monee (the fintech arm) may go for its own IPO, and that Sea will start selling its internal cloud to outside customers as “Sea Cloud”.

So… was the market right to panic, and will I sell my shares, or buy more?

The price action in Sea Ltd this week was ugly. Down 9% on Tuesday, on almost 4 times the normal volume. Totalling 19% in 4 trading days, and the stock is now down 60% from its September 2025 high. The trigger was a 700-word email from founder Forrest Li to his staff, marking 9 years […]

18/10/2026

CPF LIFE Standard or Escalating — S$1,780 a month for life, or S$1,380 rising 2% a year? Why the break-even age of 90 is the wrong number to look at

Okay so a reader wrote in recently asking if I could do a piece on the CPF LIFE Standard Plan vs the Escalating Plan.

Before we get into it, one thing that I think is important to note.

The CPF LIFE premium is the same whichever plan you pick, and MOM has confirmed in Parliament that the interest rate and mortality assumptions behind the payouts are the same for both plans too.

In plain English – the Escalating Plan doesn’t pay you less money. It pays you the same money, just spread out differently.

So it really needs to be a personal decision, based on your personal circumstances.

Let’s get into it.

Okay so a reader wrote in recently asking if I could do a piece on the CPF LIFE Standard Plan vs the Escalating Plan. I figured it was a good one to do, because this is a decision every one of us makes at 65, and for the most part you don’t get to change […]

17/10/2026

Mapletree Industrial Trust falls 47% from highs and pays a 7% dividend yield — why isn’t the AI data centre boom helping, and will I buy?

When Mapletree Industrial Trust (MIT) bought the huge data centre portfolio in 2021, I shared back then that I was not a fan.

The US market is brutally competitive – I just didn’t see the competitive advantage a Singapore REIT had in buying 50% exposure to US data centres.

Real estate is a local business, you just don’t have the expertise to compete with the locals over a longer time period.

So back in 2021 I sold my entire position in MIT, and in hindsight I’m glad I did.

But quite a few of you have asked me about MIT again of late.

MIT is now 47% below its 2020 high, at a 52-week low, and it pays a 7% dividend yield.

This is a REIT where more than half the assets are data centres.

So… at 7% dividend yield, is it finally a good buy?

When Mapletree Industrial Trust (MIT) bought the huge data centre portfolio in 2021, I shared back then that I was not a fan. The US market is brutally competitive – I just didn’t see the competitive advantage a Singapore REIT had in buying 50% exposure to US data centres. Real estate is a local...

15/10/2026

A customer walks into a luxury store, looks at a bag, checks the price and leaves.

They could afford it. They just did not think it was worth the money.

That is a harder problem to solve than a customer waiting for their next bonus.

A customer walks into a luxury store, looks at a bag, checks the price and leaves. They could afford it. They just did not think it was worth the money. That is a harder problem to solve than a customer waiting for their next bonus. Bain estimates that the number of active luxury customers fell […...

11/10/2026

Interest rates are rising again – T-bills at 1.9%, bonds at 3%, or S-REITs at 6.6%? Where I would park S$100,000 of cash today

Back in August I wrote that T-bills paid just 1.56%, and that the honest answer for cash was to accept a small real loss.

6 weeks later, the US 10-year yield has touched 5.36% – the highest since 2002.

The 6-month T-bill has jumped to 1.90%, and the November Singapore Savings Bond pays 2.45% – the best issue this year.

All while S-REITs, which pay 6.6%, are down close to 10% in 2026 while the STI is up more than 20%.

So… if I had S$100,000 of cash to park today – T-bills, bonds, or REITs?

Okay so quite a few of you have asked me whether the cash picture has changed, now that long-term interest rates are spiking. Back in August I wrote that T-bills paid just 1.56%, and that the honest answer for cash was to accept a small real loss. 6 weeks later, the US 10-year yield has […]

10/10/2026

DBS, OCBC and UOB plunge 10% this week – buy the dip, or is more downside coming?

The price action in the Singapore banks this week was… not pretty.

OCBC is down 10% from Tuesday’s high, UOB 8%, DBS 6% – and on Thursday the STI had its worst day since April 2025.

What caused the crash?

And would I buy the dip, or is more downside coming?

The price action in the Singapore banks this week was… not pretty. OCBC is down 10% from Tuesday’s high, UOB 8%, DBS 6% – and on Thursday the STI had its worst day since April 2025. A month ago I wrote that OCBC was not cheap at S$32, despite being a shareholder. Well, it’s S$29 […]

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