Author: A Singaporean Stockmarket Investor (ASSI)

Cannot do this in Singapore because…

Most of us are amateurs when it comes to anything that has nothing to do with our full time job. It stands to reason. However, even if we spend hours each day doing something, we might not be very professional about it. So, we could remain amateurs. This stands to reason too. AK is an amateur this and an amateur that in retirement. I do the things I enjoy but I am not necessarily good at them. It is about having fun and not making a living. So, I am not going to set professional targets or high standards....

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Reduce home loan with CPF OA or do OA to SA transfer?

Reader: I have an existing HDB loan of 270k over 30 years with my spouse and we are deciding whether we should try toreduce the loan amount with our CPF OA or transfer some to CPF SA. Objective is to pay the housing loan – debt free and to have a good retirement amount at 65 (hopefully to hit at least 500k in CPF). We are 35 this year and we have around 80k in our CPF OA each with around 30k in CPF SA. Hope to get your kind advice on this! AK: When we use our CPF-OA...

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Small savings might not add up to big money but…

It has been a while since I blogged about my money habits. Readers who have been following my blog for a long time might remember the blogs on packing lunch to work and not buying drinks when eating out (and definitely not from Starbucks), for examples. For sure, the blogs did not sit well with everybody and I was even labelled a person with a peasant mentality (or a person with a “poverty mindset”) in wealth building because of them. Well, I hope people who don’t like my money habits don’t read this blog. Wait a while. Filtered. Still reading? OK,...

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Cromwell European REIT IPO.

Cromwell European REIT is a mega IPO that will raise S$ 2 billion. I looked at the distribution yield first. 7.5% (@ 57 euro cent per unit) to 7.7% (@ 55 euro cents per unit). Then, I looked at the gearing level. 34.3% to 36.6%. It would have been better if it were below 30% but it is not excessive. Then, I do what I do pretty often which is to compare with other REITs in the same sector. Alamak. This is where the problem lies. This REIT has a rojak portfolio of 81 retail, office and light industrial properties...

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"Retrenched with almost zero compensation in my late 40s but…"

Serejouir said… Hi AK,  I am a long time reader of your blog and felt compel to write in and share my own experience after reading about the reader who was jobless for almost a year.  I could not agree with you more on living prudently, avoiding unnecessary debt and investing in income generating tool. To add to that, we should also make an effort to to build up transferable skills. I’m in my late 40s and single, earning $8-9k a month. I was retrenched in Nov last year, a week before my 25th year anniversary with the company, with almost zero...

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Total and Permanent Disability (TPD) Insurance.

Reader: Won’t you be also concern for yourself? The TPD part. Medical is already covered for everyone aka Medishield. I believe most people say not afraid to die, but afraid cannot die. AK: Why should I be concerned? Reader: Sick and disability. I imagine this 2 are for everyone to think about. Sorry I don’t mean to pry. But sought your thoughts on what’s necessary to insure for own self. If not necessary one then don’t have to pay for it. AK: If we have dependents, we need life insurance. Buy term. We also need the following: For hospitalization,...

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"Jobless for almost a year and losing my mind."

Reader: I stumbled on your blog last month when searching for ways to make my savings last longer. There are many other blogs on money but your blog just feels more real to me. We are about the same age and also single but, unlike your frugal ways, I have always had the good life. To be honest, I used to laugh at people like you. As I have been jobless for almost a year, I don’t laugh now. I really regret now. Looking back, I really did not need to spend so much money on my flat, my...

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Cache Logistics Trust 18 for 100 Rights Issue.

It has been many years since I blogged about Cache Logistics Trust in more detail. After partially divesting my investment in the Trust a few years ago, I have not really looked at it as I decided back then that they were not friendly to retail investors like me. Many share placements over the years have diluted the NAV per unit and although total revenue has increased, DPU has reduced. For a retail investor (for income), it is not good for me. I searched my blog’s archives and the last time I really blogged about Cache Logistics Trust was...

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Financial freedom for average Singaporeans?

From time to time, I get emails from readers who wonder if average Singaporeans could ever become financially free. Of course, I will remind them that AK was once upon a time a pretty average Singaporean too. If we are from a humble background and if we have a humble lifestyle, I believe that these are strengths and not weaknesses. I remember when I was a teenager about to join the armed forces, some wondered if I was going to make it because there were stuff I didn’t like eating. Then, when they remembered that the stuff which I...

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Our parents and their CPF plans.

Reader: I have been thinking about topping up my mum’s CPF account in order to earn a higher interest for her monies because she currently keeps the allowances me and my sibling gives her at home 😓..  I tried to read up online on the CPF schemes but got a little confused along the way. She is 60 this year, and I believe she is not under CPF LIFE, she was given an option to opt in but she did not do so. Thus, this would mean she is under the Retirement Sum Scheme and she has around $91k...

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$1m for 30 year old HDB flat and what now?

Reader: I wonder what you will do if you were me- can you talk to yourself? I finally sold my maisonette for >$1mil, as it almost hit 30 years old. I had paid up my HDB loan a few years ago, so have this full amount available in cash and CPF. I have a family of 5 including 2 teenagers and a helper, so am looking for a place to buy. Although $1mil may sound like a lot, there is hardly any property to buy if I rule out HDB options. My husband and I are in our mid...

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Prefers money close by and is CPF the answer?

This blog is the continuation of an earlier blog: Our parents and their CPF plans. Reader: Thanks for your well structured reply! It answered most of my questions :) The reason I am concerned is because my mum keeps cash in the house instead of making it work for her.. And often she gets “tempted” by agents/bankers who sell her savings plans (10 – 15years) with “guaranteed” returns!!! I managed to stop 1 transaction last week during the free look period but she has another savings plan that is fully paid in the next month and will pay out...

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Why retirement is not an option for some people?

Ever since I went on a low carbohydrate diet, I have been consuming more protein and fats. One of the things I do eat from time to time is fish and I enjoy Batang fish quite a bit. This evening, I paid almost $5 for my fish dinner: 150 grams of Batang fish. Just nice for a grown man or at least for me. A dusting of turmeric powder, a sprinkling of garlic salt and some butter. 1 minute in the microwave oven at 800 watts, followed by a drizzle of extra virgin olive oil and it is good...

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Exploit the CPF-RA for a lump sum payout? (And HardwareZone Money Mind on how to hack the CPF-SA?)

Reader: Need your advise, my SA is able to meet the MS (FRS), was thinking of opting for the enhanced option (ERS) for CPF life at 55 which is next year.  There after, at age 65 think of pledging my HDB for the 85K to get back the money. In that way, i am able to earn the 4% interest for the $85K for 10 years, your kind advise please thanks. AK: You have to decide at 55 if you want BRS, FRS or ERS. You cannot change your mind at age 65. Reader: In a way i am...

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Guocoland declared 7c DPS and is AK selling?

Reader: Guocoland declared a 7cts dividend. The share price also up a lot since I followed your call in Mar. Are you keeping your investment for dividend or selling? I am sure you know a famos investment blogger sold all his shares in Guocoland already… AK: 1. AK does not issue BUY, SELL or HOLD calls. AK is just talking to himself here in ASSI. 2. Whether AK is keeping for dividend or selling his investment should have no bearing on your decision to keep or to sell or, indeed, to buy more. Ask yourself why did you invest...

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