Author: Finance Smiths

Why I like to wait and see

It’s the weekend again! Plans involve going for a friend’s barbeque to catch up with friends on Sat and celebrating our total asset achievement with a nice lunch on Sun. While waiting for my wife to finish her drinks session with colleagues, I might as well squeeze in a post now. By the way, I hope you tennis fans are watching the Australian Open 2018 because I’m looking forward to finally seeing some live matches on TV this weekend. I haven’t been able to do that on weekdays since most of the matches are over by the time I get back...

Read More

Significance of capital injections

I checked my wife’s Central Provident Fund (CPF) balances today and found out that her contributions from last month’s annual performance bonus and this month’s salary have been credited. It’s a pleasant surprise because I was expecting the crediting to only happen next week. As I load the net worth Google Sheet on my phone to key in the updated figures, I know this is an important moment. For the first time in our lives, the total assets (cash, investments and retirement funds) sum to more than S$1 million. I don’t count us as having joined the double comma club...

Read More

De-risking during good times

With the opening of the Downtown Line 3 last year in Oct 2017, I have noticed that my train journeys on the EastWest Line from the East to the city office area on weekday mornings have become less unpleasant. The trains are less packed and I can usually get into the first train that arrives. I wasn’t sure whether this was due to lower commuter traffic from office workers being on leave so I didn’t want to get my hopes up. But it seems like the situation on the EastWest Line has improved and I find myself less agitated...

Read More

CPF Interest and Contributions

  It’s a rest day for me today. We went out the entire day yesterday and had a dinner gathering at our friend’s place. Enjoyed the home-cooked dinner, wine and the board game we played together after that. It was different from the usual board games we played where we competed against each other to be the winner. This time round, we had to cooperate to defeat the game itself and it was fun working together for a change. Anyway, it’s pay day tomorrow and I’m relieved that my bank account balance will get topped up. I just paid...

Read More

Contributing to be Friend of StocksCafe

Just another sharing post on supporting the local personal finance community. I have been a long time user of StocksCafe and have been diligently inputting my SGX transactions and checking the dividends information. Recently, I realized that there was now a cap on the number of transactions I can put through. And I realized that StocksCafe has now moved to a subscription model where the Basic User (Free) only has limited access to the features in StocksCafe but a Friend of StocksCafe has full access to the features. Last week, I started a monthly contribution of US$2 to Dawn (Sg Budget...

Read More

Another sell transaction in Jan 2018

This is a continuation of my efforts to restructure and simplify my portfolio. As I start my Maybank Monthly Investment Plan into a few REIT ETFs from today, I have decided to sell my last profitable individual REIT holdings – Starhill Global REIT (SGX: P40U). Sale Proceeds: S$610 Profit Amt: S$20 Profit %: 3.28% I’m now stuck with a number of individual stock positions in losses of varying degree. The worst ones are in the Telecommunications, Oil & Gas and Media industries i.e. M1, Starhub, SembCorp Marine, SembCorp Industries and SPH. The unrealised losses add up to about S$12,000, which is...

Read More

Sell transaction Jan 2018

Just a quick update here. After setting up our robo-advisor accounts and standing instructions to transfer funds into them weekly, I started to realise it was pointless maintaining a separate portfolio of 6 x Vanguard LSE-listed ETFs on our Stan Chart Online Equity Trading Platform. A reader pointed this out to me a while ago about incurring high transactions costs when it comes to buying and selling these Vanguard LSE-listed ETFs. Plus they overlap with each other and our robo-advisor accounts. I took advantage of the recent run-up in equity markets to sell all of our small 6 x...

Read More

Showing my support in a small way

I have always been a fan of the SG Finance Bloggers Community. We come from different backgrounds, work in various industries or self-employed and write about all sorts of personal finance topics. I enjoy reading their posts and believe in what we are doing – educating ourselves, each other and the public with the knowledge we have gained from our failures and successes. It takes effort to maintain a personal finance website and I appreciate the time taken to prepare for & write those articles. I have closely followed 2 female finance bloggers for a while now – Dawn from...

Read More

Dec 2017 Net Worth Update and Wrap Up

This is my last net worth update for the year 2017 in Dec. Just updated the figures in our Net Worth Google Sheet and we now officially have 2 years worth of accurate data to look back on starting from Dec 2015. Yearly patterns in behaviour when it comes to our expenses, savings, investments and retirement funds are starting to emerge. The data tracking for the past 2 years has been beneficial and I would most likely continue with it. However, I have to say it takes a long time for daily and weekly actions to take effect. There are...

Read More

Investments for Dec 2017

Automated Investing for Dec 2017 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 28 units of SPDR STI ETF (SGX: ES3) at S$3.467 per unit on 8 Dec 2017 Buy 85 units of Nikko AM REIT ETF (SGX: CFA) at S$1.139 per unit on 8 Dec 2017 Transaction costs of S$2 POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) at S$3.55 per unit on 18 Dec 2017 Buy 85 units of ABF SG Bond ETF (SGX: A35) at S$1.17 per unit on 18 Dec 2017 Transaction cost of S$1.50 OCBC Blue Chip Investment Plan Buy 423 units of...

Read More

Reviewing our CPF strategy and approach

Merry Christmas everyone! I will be busy with gatherings and celebrations over the next 2 days so I might as well send my well wishes earlier. We have finished our Christmas presents shopping and are ready for the gifts exchange tomorrow evening after dinner. The shopping areas have been really crowded during the weekends and I’m glad I no longer have to jostle with people for now. Anyway, I logged into my mum’s Central Provident Fund (CPF) Online Services today afternoon after having lunch with my family. I was helping my mum transfer her Ordinary Account (OA) and Special...

Read More

Thoughts on joblessness and migration

It’s a half day for me in the office today because my division was given a half day off as a celebration of the Christmas weekend. But I’m still at my desk finishing up some work. After all, my wife, family and friends are still working and there’s no point in me leaving early if there’s no one for me to hang out with! I rather stay behind and take my time with the outstanding tasks that I will have to get to next week anyway after the Christmas break. This also leaves me with some time to put up...

Read More

Employee shares and MIP transactions

I had a good time at the gathering organized by BIGScribe last week and it was fun meeting the various financial bloggers and writers. I was late to the event and had less time interacting & getting to know the people there as a result. I got held up at work but really should make more of an effort to be there earlier at the next event. Anyway, the topics discussed were varied, interesting and useful when considering just how wide the impact of personal finance can be. I’m looking forward to being more involved and present going forward. Work has been rather...

Read More

Just focus on your own progress

It’s close to the end of the work week and tomorrow is Friday! The day we receive our monthly salary and annual bonus income, which is likely to be our biggest payout in a single day for all of our 8 years of working. I’m excited at the prospects of having such an influx of cash at the end of 2017 and thinking about what I can do with it next year. 2018 is already shaping up to be a significant year, almost like a turning point for us, as we look to get more serious with our careers, finances and family...

Read More

Increasing my monthly funds transfers to Smartly and StashAway

As I have mentioned in my previous post, I recently opened a Smartly robo-advisor account with my wife’s referral code. This was introduced recently by Smartly, probably as a response to StashAway’s referral program that was introduced a few month’s back. Competition among the robo-advisors in Singapore is already starting to translate into monetary benefits for retail investors i.e. in the form of platform/account fee waiver for this case. I reckon the greater the number of retail investors that open accounts with Smartly and StashAway in Singapore, the higher the probability that their platform/account fees might actually reduce over time....

Read More

Like us on Facebook

Follow us on Twitter