The SGX Gateway

The Singapore Exchange Website is really full of information. They even launched a competition some time ago to reward individual who success in getting high return from the paper money.

What I like is their newsletters which I subscribed, it is not only with updates, but sometimes come with facts and figures and advises.

For some one wanted to look into the SG market, this may be a good site to start off with.

http://www.sgx.com


I was looking at SG market, and opened a crossborder account with CIMB.

But I noticed one thing, the charges is extremely killing from CIMB. Whatever you earned, go back to their pocket easily ..... I am still looking for a way to not have all these charges incurred .... but still looking ...

Solar Roof - Research Part II

My Part I  - http://investmaze.blogspot.com/2013/02/solar-roof-research-part-i.html

After reading so much, thinking so much ( with a few sleepless nights),  I am still not sure how should I calculate the return .... damn ....that's what they call 数目白痴 。。。。

from NSP (http://sinpeow.blogspot.com), there's calculation :

http://sinpeow.blogspot.com/2013/02/roi-19.html

and compare it with the excel I got from the lowyat forum :

http://forum.lowyat.net/topic/2661898/all

Image FromNSPBlog

A Snapshot of the Excel with different Formula (XIRR) calculating compounded rate

Though we can't do apple to apple comparison as the 2 above having 2 different capacity installed. But noticed there are some questionable part that we may need to look into while calculating the ROI:

1. Initial investment is a very critical part impacting the ROI.

2. Maintenance : is it really necessary to spend RM250 per year for cleaning ? That will eat into 1/2 month profit

3. There's 1 more thing about how long the equipment last, i noted the inverter only can last 10 years. Hence, for a 21 year plan, we may need to scope out additional RM6K (estimated).

4. And, after 21 years, should we presume the solar panel to be wear off ? If yes, then NSP's real return would need take out that initial invested amount.

5. If this is a private application, we need to consider the income tax portion, for the highest bracket, 26% eat into the profit a lot.

Hence, from the 2nd excel, you would see with compounded ROI, the return is only 4.61% which the different from NSP is :

1. RM250 yearly maintenance

2. RM6000 10 years once change of inverter (2 times in 21 years)

3. About RM19K (RM69k-RM50K) extra in initial installation (from researh it shows normally it cost around 10K per KW

4. Treat the initial installation charges de-valued after 21 years

5. Included tax of 26% on the profit earned

There are some other consideration need to put in:
1. My house area has a lot of birds, monkeys and squirrels, will these animals potentially spoil the solar panel ?
2. If that happened roof leaking within this 21 years, will the normal roof leakage repair person know how to open up the panel to repair my roof ?
3. Thunder, will thunder be a thread to the solar panel too ?
4. Can I apply with company quota instead of my personal quota ? I am looking at the income tax portion ....

I think I really need advises from others so that we can have a good and clear picture of this investment before we make the move. 

Feel free to comment and discuss.

Solar Roof - Research Part I

So long stopped posting in my blog, only 1 word - lazy.

I was reading a lot of good blogs recently, and learned a lot, real a lot of others investment going around, especially they are like me, in Malaysia, the middle class ....

logo courtesy from SEDA website

The solar plan strike me well after reading 1 or 2 bloggers blogging about their investment progress for this solar thingy.

I did searches, do the calculation but still having '3 big 3 small' (please translate it to cantonese) ... not sure if this really a smart investment or not.


Some info I have collected from the below sites :

Forum:
A guy call 8Year started this topic as he started his business as the service provider
http://www.investalks.com/forum/viewthread.php?tid=15248&extra=&page=11

This one got 1 very important point, the ROI calculation by annual compounding rate (with excel download)
http://forum.lowyat.net/topic/2661898/all

Another forum in mandarin
http://cforum3.cari.com.my/forum.php?mod=viewthread&tid=2908167&extra=&page=19

This is a more generic discussion forum
http://forum.lowyat.net/topic/2046166/all


Blog
I read 8Year blog too
http://8yearsblog.blogspot.com

This guy knows a lot about solar in Malaysia
http://balajoe27.wordpress.com/2011/08/23/home-solar-in-malaysia/

The real experience
http://sinpeow.blogspot.com/2012/12/blog-post_29.html

A non profit organisation with their solar plan experiences and records (they are in Malacca):
http://www.cooltek.org/


The Official site :
http://seda.gov.my/



Ok, to be continued in part II .... rushing for lunch ....

Part II : http://investmaze.blogspot.com/2013/02/solar-roof-research-part-ii.html