Search Results for: fixed deposit

The Best Singapore Short Term Savings for 2017

I disappoint as a financial blogger sometimes. Managing savings in detail is something I was not very good at. I think its because I always held the idea that it is better for me to focus more on having cash when required versus the return that I get on my cash. Due to that, I didn’t optimize my short term liquid cash well. I think its time to do it a little better. I decide to take a … [Read more...]

Structured Deposit vs Fixed Deposit

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While searching for Chinese New Year fixed deposit promotions, I came across the above promotion advertised. The bank is offering structured deposit that offers up to 12.1% returns over 6 years. It sounds very attractive to me given the high interest rate. As I am not familiar with structured deposit, I decided to do some further research on it. What is a structured deposit? A structured … [Read more...]

Chinese New Year 2017 Fixed Deposit Promotion

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Banks usually offer higher promotional interest rates during Chinese New Year. Standard Chartered Bank seems to be the first mover that launch its Chinese New Year 2017 Time Fixed Deposit promotion. CIMB did not offer special interest rates for fixed deposits this year. Instead, they are giving away gift sets such as abalone and it is limited to a number of placements. I shall update the … [Read more...]

My Sweet Retirement Top 10 Financial Posts in 2016

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The year 2016 is ending and I looked back at the blog posts I have written this year. I am glad some of my personal analysis made it to the top ten posts in terms of viewer traffic. If you are not aware, I purposely title my analysis as “personal analysis” because I am not an expert in stock analysis. I tried to do my own analysis of companies based on what I have learn from courses, books and … [Read more...]

Growth of Singapore’s Coal Mining Stocks

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Singapore lists four Coal mining plays - Golden Energy and Resources, Geo Energy Resources, Resources Prima Group and BlackGold Natural Resources. All four stocks mine thermal coal - used to generate electricity, with mining conducted in Indonesia, and all companies report in US Dollars. The YTD returns of the four Coal miners have been mixed, with average returns of 1% in the 2016 year thus … [Read more...]

Closing off a tranche of LP ‘bonds’

I handled my parent's portfolio since end 2013, and I'm still handling them now. Recently, my parents wanted to withdraw out 40k. My parent's portfolio is handled in tranches, according to the timing where they gave a lump sum to me. Since the first tranche of money is 50k, and the portfolio also consisted of Capital mall asia bonds (CapmallA3.8%b220112) that is going to be redeemed back in Jan … [Read more...]

Have you decided yet?

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This post is for you.  Yes, you, who sent me that e-mail yesterday asking me whether it would be a good timing to start investing in the stock market right now. I understood from your mail that you have not started to invest anything in the stock market.  All savings are in FD and you are – figuratively spoken – sitting on the fence waiting to deploy your savings into the “risky stock market” … [Read more...]

POSB Offers you 1.38 percent per annum interest but only 4 months

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When I alighted at the MRT station to work, I notice there is a long queue and most of them are elderly aunties and uncles. Overhearing the conversation, I realise they are queuing up for the POSB fixed deposit promotion. If you have not heard, POSB is offering 1.38% per annum bonus interest for 4 months. Below is referenced from POSB website. In summary, what you need to do Open a POSB SGD … [Read more...]

Portfolio Transactions Update (Nov 2016)

Updates for my dividend portfolio for November 2016 Still working on repopulating the numbers on my new checklist. Gonna take some time (I'm 56% completed only :(, need to buck up ). Buy ARA Asset Management at 1.700 Reasons Trying to arbitrage for the first time It is to be delisted at 1.78 by first half of next year Kinda like a fixed deposit of about 4%+ The consortium … [Read more...]

Is it Better for You to Only Know One Way of Making Money?

I was at a gathering recently where I get to interact with many knowledgeable yet interesting people in the finance space. During a conversation, I was asked that since I write about different ways to build wealth, how do I segment the different ways to build wealth into my strategy? My answer is that: Currently I do not have many different ways. I believe I only have one kind … [Read more...]

Familiarity Bias vs. Ambiguity Effect

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Or otherwise known as reliance on old-fashioned financial institutions and outdated economic structures.  Partly, it is due to habit; partly, because of our concerns about liquidity; and partly, because we think that it is always risky to experiment with new things where we might lack information (“ambiguity”). We seem to want to persist in using the tried financial technology that was used by … [Read more...]

Talkmed Half Yearly Financial Result

Half Yearly revenue increased by 4% from $32.09 million (FY2015) to  $33.47 million (FY2016). Other income increased by 36% from $0.19 million (FY2015) to $0.26 million (FY2016) due to interest from fixed deposits & government grants. However operating costs is creeping up very fast, with operating lease expenses up by 54% from $0.47 million (FY2015) to $0.73 million (FY 2016). Other … [Read more...]

Are you a Guardian, Adventurer, Celebrity, Individualist…or Just an Investor in Denial?

Which of the following best describes you and your approach towards money and investing? You are very careful with your money. From the hard work you have put in over the years and the disciplined savings you have made, you have amassed an egg nest for retirement and you are bent on protecting it in every way possible. When it comes to investing, you have no interest in volatility or … [Read more...]

When bonds are dangerous: A history of products from banks

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Banks in Singapore are known to be safe and relatively conservative institutions. But that doesn’t mean they haven’t sold products to unsuspecting people. People who shouldn’t be any where near the sophisticated instruments. Products appealing to the Asian investor Let’s take a look the average Asian investor, what are they concerned with? Most “investors” in Singapore seem to be concerned … [Read more...]

What Have We Got After 8 Years of Easy Money?

2 unusual events happened in July. The first was the Brexit referendum, in which Britons unexpectedly voted to leave the European Union, but the stock markets, equally unexpectedly, did not crash. Within 4 trading days, the Straits Times Index was back to where it was before the vote. It turned out that the markets had correctly predicted that central banks around the world would rush to loosen … [Read more...]

4 reasons why you should save your money in Singapore Savings Bonds instead of fixed deposits

It’s amazing that, with the advent of Singapore Savings Bonds (SSBs), people are still choosing to put money in fixed deposits. It seems finance is one of the rare industries where novelty is a disadvantage – when it’s new, no one wants to try it. But there are plenty of reasons not to shy away from SSBs: What are SSBs? SSBs are a form of government bond. They are available to Singaporeans 18 … [Read more...]

Insurance – All you need to know in 5 mins

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what we seek from insurance is a peace of mind…. but does it really gives it? maybe it does? The 4 Main Types of insurance Term Life  “Term” states that it is for a period normally 5 – 30 years coverage It allows you to choose what is to be protected and hence allowing you to pay lesser premium (Cover only what is needed to be covered) Pure insurance benefit (Very little to no cash … [Read more...]

Dividend Yield, Price to Earnings or Price to Book, Which Matters More?

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Dividend stocks are a popular way to create income, but how do investors choose which stocks to buy? Both dividend yields and valuation ratios such as Price to Earnings and Price to Book Value are used to determine stock selections, but which matters more? DIVIDEND YIELD Dividend yield is basically calculated by taking the annual dividends per share and dividing it by the share price. In … [Read more...]

POSB 1.55% 6-month Fixed Deposit Promotion

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Hi all, FYI in case y'all aren't in the know, but POSB is having a 1.55% p.a. interest for 6 months if you deposit fresh funds. (T&C here) The way that this works is slightly different from previous fixed deposit promotions. You have to open up a special fresh funds account. Then you transfer in "fresh funds" into this account. Maintain the fresh funds until 4 Feb 2017. Your … [Read more...]

My Sweet Retirement is One!

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Time flies and it is one year since I set up My Sweet Retirement website to share my journey towards achieving financial freedom and retirement. By doing my own personal stock analysis and writing to share them, it is a constant reminder to myself to buy and sell on fundamentals and not rely on emotions or gut feel while investing. While I enjoy writing about stocks and financial related … [Read more...]