Personal Finance
Singapore Finance Minister on Personal Finance
By Investment Stab  •  September 12, 2015
On a recent rally speech, Singapore's Finance Minister Tharman Shanmugaratnam gave a talk about how important prudent budgeting is for the country.
We felt that his point was suitable not only for managing of the country's finance, but also for everyone's finance!
As such, we will be elaborating how it can be used for our personal benefits.

OTHER LINKS:
GE Effect on STI
Raising of Re-Employment Age to 67


VIDEO LINK:
https://www.facebook.com/ChannelNewsAsiaSingapore/videos/10153132279632934/

First 3 Minutes of Video: Prudent Budgeting & Asset Management
Last 3 Minutes of Video: Explaining CPF (government retirement fund) returns
We will be talking about the First 3 Minutes in this post

In the video, the minister mentioned that in Singapore,
1) We've had more than 30 years of budget surplus being saved away in reserves
2) We sold land for money, and kept the money also in reserves
3) The reserves are then invested, ...

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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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