I started my Supplementary Retirement Scheme (SRS) account three years ago. The plan was to top up the SRS account every single year for the next 20 years. I figured that if I do it every year, I would have a sizable sum of money for retirement. Plus the fact that I do save on my taxes yearly.
1 in 3 Credit Card Holders unable to Pay their Bills in Full
1 in 3 Credit Card Holders unable to Pay their Bills in Full
According to Mr Kuo How Nam, President of Credit Counselling Singapore, the percentage of credit card holders unable to pay to in full has remained largely stable over the past five years. Personally, that to me, is a large percentage. 1 in 3! Another alarming stat, reported by Straits Time a week ago, was that around 3% of
A Gift to My Children - Jim Rogers
A Gift to My Children - Jim Rogers
Decided to buy this book and read it during my business trip. Just wanted to share something in the book that I can totally relate to. It was about Jim's message to his children about saving. I believe this message should be told to every child. SAVE. You will meet people who will urge you to spend your
Nov 2014 Portfolio Update - Growing My Passive Income
Nov 2014 Portfolio Update - Growing My Passive Income
Added 400 shares of Nikko AM STI ETF. I mentioned that I got a new job in a new industry last month. Still learning the ropes. I hope I will have the time to blog more often again.
Oct 2014 Portfolio Update - Growing My Passive Income
Oct 2014 Portfolio Update - Growing My Passive Income
Added 2 lots of Starhill Global Reit. Also bought another 300 shares of Nikko AM STI ETF. October (till yesterday) was a very busy period for me. A new job in a new industry. I had a few business trips that took up a lot of time. Neglected this blog for a period... But I still stuck to
Sep 2014 Portfolio Update - Growing My Passive Income
Sep 2014 Portfolio Update - Growing My Passive Income
Added a lot of Starhill Global Reit and CaptiaMall Trust to the Portfolio in September. Also bought another 400 shares of Nikko AM STI ETF. I was allocated 15 shares of Fraser Commercial Trust because I participated in their scrip dividend scheme. Portfolio is growing slowly but surely.
Passive Income > Active Income
Passive Income > Active Income
Source: A Singaporean Stockmarket Investor blog I am an active reader of A Singaporean Stockmarket Investor (ASSI) blog because I am really inspired by AK and his articles. In one of his articles on money management and motivation, an image (left) caught my attention. It was about the end goal of only utilizing your passive income for expenses. In order
Leading a Sound Financial Lifestyle
Leading a Sound Financial Lifestyle
You might not have noticed it but you have been leading a financial lifestyle of your choice. A lifestyle that subconsciously direct the way you spend or save money. In general, there are three categories of common financial lifestyle: A Lifestyle based on Credit (Cards) You are leading a life beyond your financial means and almost everything is
Take Charge. Plan Ahead - MoneySENSE
Take Charge. Plan Ahead - MoneySENSE
"Sometimes we need a little reminder of how our spending can get out of hand when really, we need to take charge of our money and plan ahead. Especially if we have loved ones, like an elderly parent, who depend on us." - Extracted from MoneySENSE A short video by MoneySENSE encouraging people to take charge of their
Dollar Cost Averaging the Index ETF
Dollar Cost Averaging the Index ETF
In one of my previous entry, STI ETF is a Simple Way to Profit, I mentioned that I would prefer to do Dollar Cost Averaging on the Straits Times Index (STI) Exchange Traded Fund (ETF) based on the current level of the STI. The STI is currently trading at 3,337 points after the low of 2,953 points in
Reaching 55 - A Video by CPF Board
Reaching 55 - A Video by CPF Board
CPF Board is going the distance to communicate with Singaporean with their latest video. A simple video to explain: 1. What happens to your CPF when you turn 55? 2. What happens if you do not meet the CPF Minimum Sum? Understanding how the current CPF system works is important for you to make your retirement plans. When
Enhanced Lease Buyback Scheme gives more cash upfront
Enhanced Lease Buyback Scheme gives more cash upfront
In the National Day Rally 2014, PM Lee announced that the Lease Buyback Scheme (LBS) will be extended to 4-room HDB flats. Other changes were announced yesterday. All changes will come into effect on 1 April 2015. See the info-graphic, provided by the Ministry of National Development, below. Source: Ministry of National Development - dated 4 September 2014
Lim Siong Guan - The Face of Frugality and Humility
Lim Siong Guan - The Face of Frugality and Humility
Source: The Straits Times - dated 2 September 2014 - ST Photo: Desmond Lim What a story (Read: "Lim Siong Guan: Superman, Yoda, change crusader")! He is a Group President of The Government of Singapore Investment Corporation (GIC) but: takes a train to Raffles Place, then walks 20 minutes to Robinson Road as a form of exercise personal
72, The Magic Number for Compounding Interest
72, The Magic Number for Compounding Interest
Apart from winning the lottery, compound interest can slowly transform your small investment account into large fortunes over time. Some people have all the luck to win 4D or Toto (Singapore's versions of lottery). Before I ever get lucky, the power of compound interest will be my best friend. Just the other day, I was reading an article
Aug 2014 Portfolio Update - Growing My Passive Income
Aug 2014 Portfolio Update - Growing My Passive Income
* 100 units per lot Added a lot of Starhill Global Reit and Suntec Reit to the Portfolio in August. Also bought another 3 lots of Nikko AM STI ETF.
What is your (popular) excuse for putting off retirement planning?
What is your (popular) excuse for putting off retirement planning?
Last night, I was reading some financial news on my iPhone when I came across an article on CNBC - "Start retirement plans ... NOW! (dated 28 Aug 2014)". The headline caught my attention. However, the excuses for putting off retirement planning at the end of the article are what I would like to highlight. So here are
STI ETF is a Simple Way to Profit
STI ETF is a Simple Way to Profit
Buying an Exchanged Traded Fund (ETF) is just like buying any stock in the Stock Exchange. As such, there is a capital gain when the prices of the ETF rises above the purchased price. Some ETFs, like the SPDR® Straits Times Index (STI) ETF (ES3) and NIKKO AM Singapore STI ETF (G3B), also pay dividends. Again, I will use the STI
Exchange Traded Funds - Simplified
Exchange Traded Funds - Simplified
What exactly is an Exchange Traded Fund (ETF)? According to Investopedia's definition, an ETF is a security that tracks an index, a commodity or a basket of assets like an index fund but trades like a stock on an exchange. To simplify: 1. ETFs are basically mutual funds that trade like stocks on an stock exchange. 2. ETF
Interesting Article about CPF Life from Dr Wealth
Interesting Article about CPF Life from Dr Wealth
I came across an interesting article from Dr Wealth website today. Dr Wealth (http://www.drwealth.com/) is an online platform managed by a team that provides financial advisory ranging from personal finance, insurance, retirement to investment education. The article (How Much Returns Do You Really Get From CPF Life? The Truth About CPF Life Premiums - dated 25 Aug 2014) articulates
S$2,000 (monthly), Enough For Basic Living?
S$2,000 (monthly), Enough For Basic Living?
It came to my attention that the fictitious Mr Tan's - who was made famous in the 2014 National Day Rally - current monthly salary of S$4,500 would place him around the 25th to 30th percentile of Singapore household income ladder. According to the Department of Statistics, in 2013, the average monthly household income for the lowest 10
National Day Rally 2014 - Assurance in Retirement?
National Day Rally 2014 - Assurance in Retirement?
PM Lee at the 2014 National Day Rally - Source: http://www.channelnewsasia.com/ PM Lee in the recent concluded National Day Rally spoke at length on a few key points - 1) Honoring our Pioneers (especially our first President Yusof Ishak), 2) Education (is not just the academic route), 3) A new Municipal Services Office (a single point-of-contact to sort
Subscribe to:
Posts
(
Atom
)