Search Results for: cpf

3 ways to make an extra $1,500 a month when you retire

When it comes to financial planning, small and specific goals are best. Aspiring to make $15,000 or $25,000 a month without working is all well and good, but don’t forget to take concrete steps to secure a realistic amount. With some discipline and prudence, it’s not unrealistic to aim for an extra $1,500 a month (on top of CPF payouts) after retirement. Here are three ways: First of all, why … [Read more...]

Win and win again with SRS.

I blog about the SRS pretty often and how my SRS account is a war chest. I also said before that I don't mind having quite a bit of money idling and waiting for opportunities. When opportunities come knocking, I pounce! I get to save on income tax and invest for higher returns. It is a win win situation with both winners being me! Greedy AK! Bad AK! SRS money cannot be withdrawn until … [Read more...]

3 Ways Your Parents Can Grow Their Retirement Funds

Money is an emotional topic in Heartland Boy’s family, and often, also the root of all problems in the household. This can all be traced to the diverse perspectives on money held by his family members. As age catches up, Heartland Boy’s parents find it increasingly tiring to stand behind the wok for long hours to serve up a good bowl of fish soup. What is even more worrisome is that his parents … [Read more...]

Jan 2017 Net Worth and Portfolio Update

Had a good CNY break and it’s been relatively quiet at work this week due to people taking leave on top of the public holiday on Mon. Not a bad thing to have a lull for this week as work is going to pick up next week. Anyway, another month has gone by and it’s time for another net worth and portfolio update for the month of Jan 2017. NET WORTH – S$200,090 (+S$13,514 AND +7.24%) Nice monthly … [Read more...]

A So-Called Singaporean Love Story (Told In Corporate Jargon)

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“FYI pls,” Mr Tan said, “I’d like to introduce Siew May, who will be joining our headcount as per today. Tks.” Siew May implemented a smile as she shook hands with her new colleagues. “It’s a pleasure to establish introductions with you,” she beamed. Boon Keong received a notification on his shoulder – it was his buddy Tim. “Bro,” whispered Tim, “She’s not wearing a wedding ring. There is a … [Read more...]

Should You Invest in the Trump Presidency?

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The stock market is down for the first year of a Republican President - excluding the first year he got re-election. We looked back to data from ex-President George W. Bush in 2001 to ex-US President Dwight D. Eisenhower in 1953. We show below the price of the S&P500 for the first year of a Republican President Orange reflects the price at the start of the month Blue reflects the … [Read more...]

Investing is not Saving (Part 2 of 2)

To recap from my previous post: Invest - risk capital to capture (outsized) capital gains and/or income. Saving - seeking conservative yield in return for no risk to capital (in nominal terms). Why in nominal terms? Well, if you include inflation adjusted returns, it gets us no where since you and I know the CPI is just a statistical index. What we chose to include and … [Read more...]

Investing is not Saving – Know the difference! (Part 1 of 2)

I am back to mess with your head. There are times when I am anal when it comes to precision in our choice of words - we mean what we say; we say what we mean. (Of course it helps if we have a wider grasp of vocabulary) However, there are times we should not let the trickery of words fool us. Nor get trapped by words by insisting to split hairs when it comes to semantics... Today, I shall … [Read more...]

My financial goals to make the most out of 2017

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It’s a new year again. How has 2016 been for you? As we begin the new year, it is time to reflect on my goals for 2016. Here are some goals I set for 2016: Advancing in my career  In 2016, I wanted to advance in my career after being in the same job for the past 6 years. I figured that if I continued to stay on, there wouldn’t be much progression. I also wanted to go into another industry … [Read more...]

Stock Market’s Performance in the First Year of a Republican President

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The stock market is down for the first year of a Republican President - excluding the first year he got re-election. We looked back to data from ex-President George W. Bush in 2001 to ex-US President Dwight D. Eisenhower in 1953. We show below the price of the S&P500 for the first year of a Republican President Orange reflects the price at the start of the month Blue reflects … [Read more...]

A tale of two HDB flats by Darles Chickens.

Chinese New Year is a time of family bonding, catching up with friends and also gossiping. What? Gossiping is not a Chinese New Year tradition? Alamak.  Oh, it is something we do daily? OK lor. Since this is the Year of the Chicken (What? Not Chicken? Is Rooster? Rooster is not a Chicken meh?), I present to you "A tale of two HDB flats" by Darles Chickens. Gossip Tale … [Read more...]

We don’t have to be smart to be rich!

Recently, I had a blog on three attributes of a wealthy peasant. Prudence. Pragmatism. Patience. We don't have to be smart and we don't have to make a lot of money to become wealthier. However, we should be prudent, pragmatic and patient if we want to become wealthier. (See related post #1 at the end of this blog.) Charlie Munger certainly thinks it is a no-brainer and so do … [Read more...]

$3K salary a month but saving $16K this year!

Hello AK, How are you? One year ago i've start following your blog and chatting with you via FB as well. I got so much things to share and update you. After completed my private degree, i have changed a job and income increased from 2.4k to 3k.  Some of my friends are still earning more than me. i was so stressful to keep up with the market and expenses. But thanks to AK's Blog, everything … [Read more...]

Financial Independence Model | find out your retirement age now

Let's dive straight in. Have you ever wondered how long we have to work before having enough to sustain the kind of (family) lifestyle for the rest of our life? Do you have know whether the amount of savings in your CPF is sufficient for your expenses at old age? Are you thinking of switching to a less hectic and lower paying job but have no idea how will this decision affect your … [Read more...]

Family is financially healthier after retrenchment.

I won't be wrong to say that many workers live in fear of retrenchment because they are not financially prepared. Many are wage slaves and are utterly dependent on their earned income for daily expenses. The problem is that many are not even aware of this. I have shared stories from readers who have been retrenched before. Retrenchment is a terrible thing if we are not prepared for it and … [Read more...]

Top Up CPF SA From CPF OA? Depending On Who You Ask! (10)

Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (9) Saturday, 19 September 2015 ..... Recently; Uncle8888 has been reading increasing interests in topping up CPF SA. He did once to top CPF SA from his CPF OA and then realized .. oh dear and stopped! One and only once! Probably; the lone voice that is lost in loud CPF SA drummers! For long journey ahead; beware of … [Read more...]

Be a wealthy and happy peasant.

"Singapore is one of the world's most unhappy nations?"  Sir Stamford Waffles Jr. Jr. "AK talks about how we should make more money, save more money and try to be financially free. AK makes sense. I am trying my hardest to be like him. Must have $150K in annual passive income and $700K in CPF account by age 45." Alamak! AK didn't say to be like him! Mai luan luan gong hor. I always say I … [Read more...]

Cory Diary : Financial Updates 20170121

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How I will approach this is to have my Financial Charts up for evaluation. This data is computed automatically through excel. So theoretically I am able to produce them everyday with little effort. The first chart is my Net Worth. I have this tracked since 2007 to see the Market crash horribly the next year. Unfortunately this is the furthermost that I have tracked as I would like to have data … [Read more...]

Choosing A Longer HDB Loan

A comment by Andy from Tacomob in a previous post on HDB loans led to this post. I was sufficiently intrigued to try and dig out my calculations from 5 years ago. Unfortunately, they are nowhere to be found. Heck, so I made new ones! This time, I cheated by using a financial calculator app, though. Sidetrack a little for now – I saw this post yesterday on buying a first home and the … [Read more...]

Three attributes of a wealthy peasant.

"Basically, the more you catch, the higher your CPPF." Wait a minute! Was that a coded message? The more you top up, the higher your interest income from CPF? I anyhow guess one lah. Life can be unfair. Why am I not born into a super rich family? Why am I not born with super model good looks? Why am I a peasant? Oh, did I hear someone say it is unfair that this peasant is relatively … [Read more...]