Author: A Singaporean Stockmarket Investor (ASSI)

"My investment program costs $4K and AK is like Xiaxue."

Reader: Hello Ak, I was at (an investment event) over the weekend and one of the very good speakers from XXX had me sold immediately on the spot. So out of impulse purchase, I’ve signed up a >$4k worth of investment program on value investing. Now back home and doing abit of research on XXX reviews, its hard for me to further convince myself to further go on the course due to the mix reviews. I know you are one of the most straightforward person on the blogosphere other than xiaxue, and with your knowledge in the investment and finance world, may I know what’s...

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Evening with AK and friends 2017.

As promised, here are the details of the only session of “Evening with AK and friends” in 2017: Venue:  Lifelong Learning Institute 11 Eunos Road 8 Event Hall 1-1 Singapore 408601 Date:  6 October 2017 (Friday) Time:  7:00 PM – 10:00 PM Buy tickets: HERE This is, as usual, a chit chat session with AK. Nothing too cerebral. Just bring along your sense of humour and, if you like, a pen and notebook. Bring a pen and notebook for what? Take note of AK’s jokes? Er… You blur? I also...

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Do this to inject more funds into CPF-SA?

InvestSg: Got a question: Is it possible to max out SA, use the money to buy SG gov bonds, then top up SA again to max, and then sell the SGBs and return money back to SA? workable bo? From AK’s FB wall: AK: I have yet to see anyone do this. Personally, I don’t think it is advisable unless we want much more of our funds in our CPF-SA which we cannot access till we are 55. Liquidity should be a pertinent consideration. Definitely, like I have always said, it is prudent to treat the CPF-SA as the...

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To invest or not to invest in Centurion Corporation?

I only became a shareholder of Centurion Corporation Limited in February this year and, since then, its share price has gone up by quite a bit. A question I have been asked more than a few times recently was whether Centurion was still good to buy? Of course, regular readers know that, for a long time now, I don’t answer such questions. Even if I do answer, it is usually cryptic which could be quite valuable an answer looking at the trend in cryptocurrencies now. What? Not funny? Alamak. The thing to do is always ask what do we...

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Attended "Evening with AK" and bought books from BetterWorldBooks?

I have been an affiliate of Better World Books for a while now because I like the idea of doing my part for the environment and also to improve literacy for underprivileged children. I have not been blogging about them for a while and here is a recent chat with a reader. Reader: I went to better world books to get my books. but i only received 2 out of 6 books i bought. to me it’s ok since i got them for much cheaper than getting them new. but since u r still endorsing this website on your...

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InvestX Congress and the CPF.

I hope everyone who went to InvestX Congress today had a good time. To my regular readers who were there, I hope it wasn’t too boring listening to me repeating the same old stuff about the CPF. Anyway, for the benefit of some in the audience who told me that they might have trouble remembering everything I shared today, here are some salient points from my segment: Beef up your CPF account. You could do these: 1. Top Up your SA (not beyond FRS) 2. Voluntary contribution to your MA (together with mandatory contributions, not beyond CPF annual limit and,...

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23yo bought 40yo HDB flat and worried.

Reader: I am currently 23years old & married. My husband and I purchased a resale flat last year. Back then we did not read nor have knowledge about financial planning.  We purchased what we want and our desired location… Our resale flat is actually quite old. I think is 40 years old this year… Many people called us stupid for buying resale flat instead of BTO ones.  And since we didn’t have proper financial planning, we exhausted our entire CPF to pay for the flat. So, our CPF is 0 now.  We also took a loan of 25 years…...

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Is early critical illness insurance necessary?

I have blogged about the importance of having critical illness insurance before and because I get questions from readers now and then on whether early critical illness insurance is essential, I decided I should blog about it. Please bear in mind that this is just my opinion and some might disagree. Reader: I’ve started my investing journey and I am quite amazed I’ve learnt quite a lot ever since I started reading your blog last year. I would like to seek your talking to yourself opinion. Is it essential to get an early critical illness term insurance? The premium...

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SingTel and Netlink NBN Trust.

Some people keep asking me what have I bought recently. Hmm. Let me see. Eggs, extra virgin olive oil, butter, dark chocolate, matcha ice cream and some other stuff. What? Wrong answer? Jokes aside, to those who like asking me what did I buy or if XXX stock can buy or not, you should know you would be disappointed most of the time with my answers. You have been warned. ;) Anyway, in an interview a few years back, when asked what was the first company I ever invested in, my answer was SingTel. Like many Singaporeans then, we were given...

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Reader regrets ILP but what to do?

Reader: I was introduced by my colleague to your blog and only started to read it last night. Many useful tips indeed and I really regret not reading it earlier. I am single and 47 this year. I bought an ILP from Prudential for an assured sum of $100,000when I was 27 for an annual premium of $2,000 for death, PD and CI. My surrender value now is about $40,000. Shall I follow your blog advice to terminate it and purchase a term policy till 62? Currently almost half of my annual premiums is used to cover the cost and will escalate once I enter into my 50s. ...

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CPF-SA savings 10 years from now.

The biggest downside of not being gainfully employed is the lack of mandatory CPF contributions. To ensure that my CPF savings will become a more significant bond component of my investment portfolio in my golden years, I have been making voluntary contributions. Checking on my CPF account last night, I wondered how much would I have in my CPF-SA by the time I am 55? 55 years old. That is also when money from my CPF-SA will be moved into my newly created CPF-RA to fund the annuity called CPF Life. My CPF-SA savings in January 2017: $215,862 Assuming...

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60% higher interest income from age 55?

Reader: Would you leave your money in CPF-OA (beyond 55)? I can understand CPF-SA @ 4%. Wouldnt it be better to move into CPF Life for better returns? Noted that leaving it in CPF-OA will provide more flexibility. Thanks. AK: We have the option of moving more funds into the CPF-RA up to the prevailing ERS (1.5x the prevailing FRS) at age 55. Is it better?  If what you want is a higher payout from CPF Life, yes.  However, do note that you will be required to move funds from your CPF-SA first and not from your CPF-OA. Only when the...

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CPF Life Escalating Plan.

Reader: (On CPF Life) Is 70 the max age to leave the money there? Can continue to leave it there, and then bequeath everything? AK: We can choose our CPF Life payout start age to be any age between 65 to 70 years old. If we did not make a choice, the payout will start automatically under the CPF Life Standard plan at age 70. We must remember that CPF Life is an annuity and not a legacy planning tool. It is meant to help fund our retirement. If we would like to use the CPF as a legacy...

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Options with CPF Life and SRS in retirement.

Reader: Just wondering if you have given any thoughts on when you will start your CPF LIFE payout? Do you mind blogging about it? I have been building up my SRS savings. By the time I hit the Official Retirement age of 62 (for now), if I start withdrawing my SRS at 62 to 72, the annual sum will be equivalent to CPF LIFE. Now the question is, should I start my CPF LIFE payout at 65 or delay till 72 to gain more interest and thus a slightly higher monthly payout? According to the picture you posted on...

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