Author: Derek

Plans to Downgrade my Parents’ MediShield

My mum had surgery recently in a private hospital. She stayed  in a single bed for 3 nights and the estimated bill  came up to $22,000. She has a private MediShield with AIA but no rider. This means that she has to pay a total of $5,350 (deductible: $3,500, co-insurance: 10%) which I believe will be payable using MediSave or a combination of MediSave and cash. I did not have to pay any amount upfront because the insurer has a letter of guarantee. However the cost of the pre and post hospitalisation e.g. follow up checks and scans were...

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The Lazy Man Portfolio – Part II

This is the continuation of the “The Lazy Man Portfolio – A Rethink“. I am breaking it down into several parts so that it is more manageable for my brain and to gather feedback. Total Portfolio (stocks only) as of 16-Jan-19 $49,301.21 2019 Projected Dividend ($) $2,371.58 2019 Projected Dividend Yield (%) based on current price 4.81% 2019 Target Dividend ($) $4,300.00 Dividends shortfall ($) $1,928.42 Cash on hand $35,000.00 Yield Target ($) 5.51%   I set a target of 5% yield of $86,000 which equals to $4,300 dividends in 2019. My current stocks will give a projected yield...

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The Lazy Man Portfolio – A rethink

I have been dabbling in stocks for the last 10 odd years and I have to admit I suck – period. I realised that I have zero interest in crunching numbers or reading analyst reports.  I look at bloggers and analysts who spent hours scrutinising financial reports, looking at charts, doing back testing, attending AGMs etc and I realised that that is not for me. If it is not for the fact that I have to have some form of investment for retirement, I would have washed my hands off investing now. In the past when I see courses...

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OCBC 360 Account and 365 Credit Card: What is my interest and cash back in 2018?

A year has flown by and there are still many comparisons on savings account with the highest interest rates. There is also the never-ending debate between the Cash-Back and Miles camp for credit card spending. OCBC 360 Account is my primary savings account – salary, GIRO and bills. For credit card spending, I am using OCBC 365 for small purchases (< $500) and Citibank PremierMiles for big purchases (> $500). Rather than looking at hypothetical numbers, I am interested to find out my actual interest and cash back in 2018. The numbers may not be accurate as I am...

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I am Voltron!

This post was inspired by Dr. Wealth, My 15 Hour Work Week, Minimalist in the City and my ‘encounter’ with Voltron. There are three characters introduced by the bloggers – the farmer, the monk and the warrior. In a nut shell, the farmer is your typical 9 to 5 working class, the monk is one who can resist the temptation to spend and the warrior is the entrepreneur. I can easily relate as I see a bit of myself in each character. I am your typical salaried employee (farmer). As the job gets ‘suffocating’, I explored other opportunities (warrior)...

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Hyflux Townhall and Reflections

I have been ‘away’ for quite a while and many new readers may not realised that TheFinance.sg actually has its own blog too. Blogging has always been a way for me to pen down significant milestones and events in my financial journey. I attended my first townhall at Hyflux recently. Suffice to say, I’m a Hyflux shareholder (Hyflux Ltd’s 6% CPS) and it also marks the first time that I have a stock in my portfolio that is suspended. I have ‘high’ expectations on the townhall where questions come fast and furious, people getting emotional, the anger, the boos, the tears, projectiles...

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What to do if you are a victim of Credit/Debit Card fraud?

Recently, my wife was an unfortunate victim of a debit card fraud. You can read about her experience here: Naturally she was upset but she stayed calm and proceed to: Call the bank to inform them of the fraudulent charges and to cancel the card. Make a police report and inform the bank again once the report has been made. Contact the merchant. In her case, the merchant was Uber but she was unable to find their contact number in Singapore. She had to contact Uber via the app and fortunately Uber replied her via email. Unlink the card...

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Why Dollar-Cost Averaging is overrated

Dollar-Cost Average (DCA) is a very popular investing technique and I believe it is probably one of the first few techniques that new investors will come across. With so many books and articles explaining the benefits of DCA, I also think that it is well suited for a lazy investor like me – put in a fix amount every month and let father time do its magic. The returns may not be fantastic but I should be able to earn a decent 4 to 5%. I had the opportunity to take part in ST Engineering (STE) share ownership scheme and put...

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Being Employed Is a Fulfilment? [My Personal View]

A heavy topic for the festive season but it is actually quite mind stimulating. I belong to the camp that advocates employment. My reasons are it gives me the opportunity to meet different people of different cultures, participate in office debates, discipline to drag myself out of the bed and the list can go one and on. I still want my financial independence but I will still want to work after achieving that. Somewhere into the discussion, I realised that Frugal Daddy doesn’t hate his job. He just want to have control over his time and ‘destiny’. He does not...

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Financial Independence In Progress

I intend to publish this post only after Christmas but a fellow blogger couldn’t contain his excitement and drew curious stares – which is a good thing. It started a few months ago during a casual conversation with my blogger friends. Wouldn’t it be nice to have something in common to wear during our gatherings and better still easily identify one another on the street? That is where the idea of wearing a T-shirt was born. I know most financial bloggers prefer to keep a low profile and apart from the few financial blogger gatherings, the next most common...

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Will Insurance Deny a Claim If Death Is Due to Suicide?

La Papillion a fellow friend and blogger wrote about “Financial competition” and my impression is that one’s purpose in life is not to chase after wealth and that parents should play a part. However the comments soon digress into talking about suicide. Suicide is a taboo topic especially in our society. I have to admit I do not usually give much thought to this insurance clause and I believe most would not too. Nevertheless it piqued my interest and decided to read up more. I came across the article “3 Terms and Conditions That Will Void Your Life Insurance Claims”...

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BIGfatpurse Investors’ Conference 2016 – Five Free Tickets To Be Given Away

Update: 22 October 2016 Thank you everyone for your participation. It is another overwhelming response and I will be contacting the selected readers soon. For those who miss out, the organiser has gave me a discount code “TFS” where you can still purchase the tickets at the early bird price of S$39. Another investment talk on the horizon, this time alongside Alvin and Louis, BigFatPurse has invited a panel of trusted external speakers who are experts in their field of investing. Date: 5th November 2016 (Sat) Time: 1 pm to 5 pm Venue: Lifelong Learning Institute (Paya Lebar) Topics...

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TheFinance.sg is now in NewsLoop

It has always been my vision to create a more vibrant finance community and I was given the opportunity to work with NewsLoop – a news aggregator mobile app by Singtel to publish the articles in TheFinance.sg. I will also like to thank Adam from The FifthPerson for the link up. It works in the same way – only Personal Finance and Investing articles will be published in NewsLoop and readers has to click on the read more link to your site to read the article in full. I believe that this will enable bloggers to reach out to a larger audience...

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Profit Mastery Seminar 2 – Five Free Tickets To Be Given Away

Update: 11 October 2016 All the tickets have been given out and I will be contacting the selected readers soon. From the organiser that brought you last year Profit Mastery Seminar and the inaugural Personal Financial Investment Seminar, they are now holding another seminar – Profit Mastery Seminar. Seminar: Profit Mastery Seminar 2 Date: 23 Oct 2016 (Sunday) Time: 1 to 5 PM Venue: NTUC Auditorium Organizer: Wealth Directions Topics And Speakers: Keynote: Micro economic outlook- Too low for too long. – Mr Song Seng Wun Social Trading:  Many is better than one when it comes to trading.  – Ethan and Roland Liew Factor...

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Will SMRT be privatised?

SMRT shareholders will be voting on Temasek Holdings’ proposed buyout of the public transport company this Thursday – 29 September. Based on the poll I started in July, a whopping 65% feels that the offer price of $1.68 is unfair. For the privatisation to be approved, more than 50 per cent of the total number of shareholders – who hold at least 75 per cent of the shares held – must vote in favour. This excludes shares held by Temasek, which is not eligible to vote. The poll is by no means an accurate assessment as it is not restricted to SMRT...

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