Author: A Singaporean Stockmarket Investor (ASSI)

Why should AK care about your CPF savings?

Reader says… My colleagues have the thinking that they probably won’t have chance to take out their CPF money as the govt keep shifting the goalpost. Hence, since “cannot” take out, might as well use the money to buy another property or upgrade their property. They don’t want to do OA to SA transfer because it means even more no chance take out. But I say can earn 4% hor. They don listen. Hmmm… AK says… Like with anything in life, what we believe will determine what we do with our CPF savings. What I have done in my...

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Questions from an investor on HDB and CPF.

Reader says… I have been following your blog for a few years and am grateful for the nuggets of wisdom that you post on your blog. I bought a resale HDB flat that is of the same age as me and by the time I fulfill the 5 years MOP, the remaining lease would be 59 years. In other words, I understand that there would be certain restrictions on the use of CPF for potential buyers of my flat. (See: Older HDB flats with remaining lease of less than 60 years are problematic.) However, I am not intending to...

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"My parents are my ATM."

Reader says… Hahaha, AK, I actually really like how you refer kids as consumption or hobby items. Really turned on a light bulb for me. Looking back, my kids have indeed been an expensive (underestimated the costs!) but enjoyable hobby for me. A lot more fun when they were younger… less fun as they get bigger and sad thing is one day this hobby will have to end for me. Though expensive, but finite, guess I just have to enjoy it as much as I can now and think of way to optimize my expenses on this hobby! :)...

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Planning for retirement early made early retirement possible.

I spent almost 20 years of my life working, focusing more on the money than on what I love doing. Even as I made more money, my lifestyle remained more or less unchanged. Since I did not need more money because I did not crave material upgrades in life, having more and more money didn’t really make me happier. If we are contented with what we already have, even if we make more money, we won’t go and buy something frivolous. As our income increased, if we did not upgrade our lifestyle, logically, there would be less fear of not having...

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No dividend because CEO was very sick!

For those who are not in the know, read the related post at the end of this blog post first. Reader says… It is a learning journey for me, tolerating all the drama and stories telling why the payout was delayed etc etc.. And they have the guts to make up a story like this: “The payout was delayed because the CEO fell very sick and was hospitalized, in and out of hospital etc etc” I was just wondering if these people thought the “investors” are school kids? To be honest, now I believe all the investors were worst...

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What to do as price plunged on $100K investment?

Reader says… I have $100K invested in XXX. As the stock price has plunged, I am wondering if I should buy more, hold or sell? Should I buy more or should I invest in another stock? AK says… Remember the importance of position sizing. If your investment makes you worried, it might be because it is too big. Don’t bite off more than you can chew. 1. Always ask why did you invest and if it still makes sense now? 2. Ask if you did not invest back then, would you invest now? Then, you will know what to...

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2Q 2018 passive income from S-REITs.

Regular readers know that AK is usually pretty inactive as an investor, preferring to do nothing most of the time and just collect dividends. Well, in 2Q 2018, in the S-REITs space, there was a bit of action. There was the 1 for 10 rights issue by Frasers Logistics & Industrial Trust (FLT) in which I took up my entitlement and applied for a small number of excess rights. To be honest, I did not think that the rights issue was very attractively priced. Perhaps, it was fairly priced. We have to take note that the massive deal weakened...

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Can I be rich investing for income?

I realised that I don’t have enough capital based on dividends to ever FIRE… It seems like one can get more capital through 1) inheritance 2) work through your way to the top 3) property 4) capital gains when you find a multi bagger. Seeing that 1 is out since I don’t have the privilege of being a white horse or marrying one, 2 is out since I am a family lady with young kids I am trying to nurture and not leave them to be the spoilt kids of the next generation 3) is out since I did...

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Growing up to be truly rich!

Although we can say genetics make us what we are, our environment plays a part in making who we are. If we are not careful, certain things we picked up in our younger days could set us back for life. “Daddy, my classmate’s family just moved into their new condominium. Has swimming pool and tennis court. So nice.” If a child said that to his father, I hope the father didn’t say: “His parents must be rich!” Then, the child would grow up to think that anyone who buys expensive things must be rich. “Wow, my colleague just bought...

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Investing in Starhub at the right price?

My investment in Starhub has turned out to be a bad one. However, I am not losing sleep over this. Why? Is it because I am on anti-depressants? Hey, don’t be so like that lah. I stop taking those pills a long time ago. I am quite ZEN about the paper loss really because my investment in Starhub is very small especially in comparison to my investment in SingTel which has been, of course, my preferred local Telco to invest in for quite a while now. To give you a rough idea, the market value of my investment in...

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Investing in Raffles Medical Group.

I revealed earlier in the year that I have a few hundred drafts in my blogging account, these are blogs which I started and did not finish. It is terrible, I know. There were always so many things going on in my mind and I am sure they contributed to my sleeping problem in the past. Things have improved for me on the mental health front as I try not to think too much these days. Anyway, this blog on Raffles Medical Group (RMG) was one of those drafts. It was more than a year ago when I started...

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A $71,000 lesson or a haunting experience?

This is a follow up to an earlier blog (see related post at the end of this blog) and there is a simple but important message in this. All of us make mistakes, some bigger than others. However, it is important to remember that there is nothing bigger than life itself. We are always learning in life. Life must go on and in a good way too. Reader says… I am so sad to fall into such greed and indeed lessons learned not to be greedy at all. I wonder how many people in your blog had experienced the...

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Should I sell my home and downsize or downgrade?

This is a reply to Ruby, a long time reader of ASSI, but it turned out to be quite lengthy. So, I decided to publish it as a proper blog instead. Ruby’s comment and questions: My reply: Hi Ruby, Of course, the property agent would want you to sell your home and buy a new one (probably from him too). ;p Ask do you need to sell or do youwant to sell your home? Your home is a freehold property and does not suffer from lease decay. This is a fact. Aging freehold property? I don’t understand why is that an issue....

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Pay for memberships that benefit (who) financially?

I have been following your blog since last year. As a middle age self employed who’s asset rich and cash poor, I have been enlightened by your simple strategies on how to save money. Thank you for the kind sharing! The matter that I need advice :- As someone who’s very good at spurring the economy I sometimes buy without much thinking. So recently I paid a small amount (of money) to join a certain membership. Lazy by nature I thought it will be nice to follow someone whose good at what he’s doing. So there after again I...

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When would I invest in ESR-REIT again?

Reader says… This is my first email to you although been following your blog for about 3 years. You are an inspiration to me cause although you are 1 year younger than me but you have already achieve financial freedom long ago. Understand that you have been blogging about not comfortable with ESR and VIva REIT but you also mention before an investment also depends on the price. So I would like to find out from you at what level will you consider investing in ESR REIT. Vanishing in less than 15 years. AK says… Absolutely no interest. The...

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