Iggy the Investing Iguana

The World’s Most Cautious Investor Just Described Your SGX Portfolio 🦖

Everyone is staring at US tech charts and arguing about whether the AI boom is a once-in-a-generation opportunity or a classic bubble. What almost no one talks about is that Jeremy Grantham, the same guy who called the dot-com crash and 2008, is now telling global investors to get out of crowded US tech and into income assets outside America, while you already sit on a guaranteed CPF anchor most of them would kill for. The “boring” SGX income portfolio you feel embarrassed about is almost exactly what one of the world’s most cautious investors just described on a global stage.

For a Singapore investor trying to protect CPF and SRS, the tension is simple, every extra dollar you push out of your 4 percent CPF floor into equities must earn a clear premium to justify the risk, especially when veterans are calling AI a bubble and warning of heavy downside in US stocks. That is why I keep hammering on yield hurdles and balance sheet strength, and why I treat CPF as the defensive anchor the Americans Grantham worries about simply do not have, not as small change to raid for the latest story stock.

📺 YouTube: https://youtu.be/7zPYq-W51oo
📩 Substack: investingiguana.com/p/the-worlds-most-cautious-inv…

2 hours ago | [YT] | 0

Iggy the Investing Iguana

The Fund Manager Was Right About S-REITs. Here Is Where Our Framework Diverges 🦖

The fund manager was right about S-REITs, just not in the way most people in that room heard it. The 390 basis point yield spread and low SORA do point to a genuine macro turn, but the “buy every dip, harvest the volatility” playbook he laid over that data belongs to a trader, not a retiree drawing a monthly paycheque from CPF and SRS. The uncomfortable truth is that the same data can support two completely different behaviours, and only one of them is compatible with a portfolio that has to feed you for the next 25 years.

📺 YouTube: https://youtu.be/lIGjcXDbjH8
📩 Substack: investingiguana.com/p/the-fund-manager-was-right-a…

19 hours ago | [YT] | 0

Iggy the Investing Iguana

The Inflation Surprise, the REIT Recovery Case, and the Bank Tension | SGX Daily Pulse 26 Jun | EP1673🦖

Everyone in that room heard the same thing, “S-REITs are a screaming buy again,” and most walked out thinking higher yield means safer income. I walked out thinking the opposite, the 390 basis point spread is real, but the way the pros want you to act on it looks like a trading game dressed up as retirement comfort. The ETF wrapper, the 6 percent “indicated yield,” the buy the dip playbook, all of that works beautifully if you are running a book, not if you are trying to fund your next 20 years of CPF and SRS withdrawals.

📺 YouTube: https://youtu.be/zKiiCKnj_Jc
📩 Substack: investingiguana.com/p/the-inflation-surprise-the-r…

23 hours ago | [YT] | 0

Iggy the Investing Iguana

Familiarity is Not Diversification | Iggy Answers Podcast | Episode1671🦖

Everyone feels safer when their portfolio screen is full of familiar Singapore names, especially when banks, REITs and telcos are all flashing green together. What almost no one realises is that those “different” counters can still be marching to the same drumbeat, all leaning on the same interest rate and property engine that keeps the local market humming.

📺 YouTube: https://youtu.be/ZU4Tj6rCcKs
📩 Substack: investingiguana.com/p/familiarity-is-not-diversifi…

2 days ago | [YT] | 0

Iggy the Investing Iguana

Foundation Healthcare IPO: A S$1B Giant With Zero Dividends | EP1670 🦖

Everyone is staring at the Temasek-backed label and the billion dollar headline, but what caught my attention is what income investors are not getting for the next two years. A private medical roll-up can look like a safe healthcare play on the surface, until you look at the structure underneath. The whole model depends on continuous acquisitions and consultants staying put, not on a steady cash payout.

If a new S$1.0 to S$1.2 billion healthcare IPO is guiding for zero dividends in 2026 and 2027, while a mature peer like Raffles Medical is still paying out around 3 percent, the question for CPF and SRS investors is straightforward: what are you being paid for taking on that extra execution and concentration risk? In this episode I walk through how the roll-up model, the heavy cornerstone allocation, and the zero-yield guidance change the picture for income-focused portfolios. Worth watching before you decide whether this belongs next to your T-bills or stays on the watchlist. Iggy has the forensic read on where this sits against the zone framework in a separate post.

📺 YouTube: https://youtu.be/-eWzP126SiA
📩 Substack: investingiguana.com/p/foundation-healthcare-ipo-a-…

2 days ago | [YT] | 0

Iggy the Investing Iguana

Three Buy Calls, One Unanswered Question: Angela's CSE Global Analyst Roundup | EP1668🦖

Three brokerages, one stock, and a 46-cent spread in target prices. That is usually the tell that the real question is not the board noise, but which earnings assumption survives the next update.

I am watching the part everyone skims past, the strategic review sitting underneath all three Buy calls. CSE Global still had S$716 million in order book and S$271.2 million in 1Q order intake, but the market is pricing the story very differently depending on how fast that pipeline converts. Iggy’s Forensic Zone: NONE.

📺 YouTube: https://youtu.be/qXTJRTfYUog
📩 Substack: investingiguana.com/p/three-buy-calls-one-unanswer…

2 days ago | [YT] | 0

Iggy the Investing Iguana

STI at the Ceiling? | SGX Daily Pulse 23 Jun 2026 | Episode 1669 🦖

Everyone is talking about the STI flirting with record highs, but the tape is moving like a market that has already run out of breath. Price is sitting just under the peak, yet the real action is in the Strait of Hormuz, where shipping lanes and oil flows are still not behaving like “peace time” even as headlines calm down. That gap between what the index shows and what the trade routes are telling us is where I think most Singapore investors are dangerously underweight in attention.



📺 YouTube: https://youtu.be/h1LQ8DBK1Lc
📩 Substack: investingiguana.com/p/sti-at-the-ceiling-sgx-daily…

3 days ago | [YT] | 0

Iggy the Investing Iguana

iFAST Corp: Record Profit, S$987.75M Net Cash, So Why Does the Dividend Stay Small? | EP1663🦖

iFAST is sitting on roughly S$1 billion of net cash, yet the trailing yield is stuck around 1.3 percent. That is not a typo, it is the structural outcome of running a digital bank on top of a wealth platform. The same banking engine that makes the business look bulletproof on paper is the reason so little of that profit is actually landing in your pocket as cash.



Before you chase the S$12.20 institutional target, I want you to be very clear what kind of return you are really signing up for.



📺 YouTube: https://youtu.be/NDqkD01VsJA
📩 Substack: investingiguana.com/p/ifast-corp-record-profit-s98…

4 days ago | [YT] | 0

Iggy the Investing Iguana

Is UOB's Dividend Still Safe? Auditing the 50% Payout Promise | Iggy Answers Podcast | EP1666🦖

UOB is the rare case where the balance sheet looks like a fortress, but your wallet quietly loses out if you rush in at the wrong price. Everyone is repeating “50 percent payout” and “special dividend,” yet almost nobody is asking whether the ordinary yield at S$39.25 actually clears what your CPF is already paying you with zero drama. That gap between safety and attractiveness is exactly where investors in their 50s get trapped without realising it.






📺 YouTube: https://youtu.be/ng1OYGY6txk
📩 Substack: investingiguana.com/p/is-uobs-dividend-still-safe-…

4 days ago | [YT] | 0

Iggy the Investing Iguana

This Week's Best Stock Was a Forensic Red Flag, Iggy's Weekly Winners & Losers | EP1665🦖

A 16 percent weekly gain on CSE Global is exactly the kind of move that makes a CPF or SRS investor feel like they are missing out, but the cash flow trail tells a very different story. When operating cash turns negative while price races ahead, the market is rewarding a strategic review headline, not a proven ability to keep paying you reliably from real money. The same tension shows up on the losers side too, where a 6 percent drop in Centurion Accommodation REIT sits on top of balance sheet metrics that still clear Iggy's hard gates.



For a retirement portfolio, the question is not whether your screen is green this week, it is whether that green reflects businesses that clear the 3.2 percent Forensic Floor and 4.7 percent yield hurdle with genuine cash behind the number. Centurion Accommodation REIT currently sits in Iggy's Forensic Zone: Zone 3, Conditional, because the distributions are still too young to treat as a fortress, while CSE Global’s projected 1.9 percent yield at peak prices fails to justify equity volatility at all. If your portfolio just had a “good week”, this is the moment to check whether your biggest winners are actually weakening your future income instead of protecting it.



📺 YouTube: https://youtu.be/FQV0OD9VRhM

📩 Substack: investingiguana.com/p/this-weeks-best-stock-was-a-…

4 days ago | [YT] | 0