Author: Finance Smiths

Buy transactions for Mar 2017

Let’s get the part about our Buy transactions for Mar 2017 out of the way first. Automated Investing Maybank Kim Eng Monthly Investment Plan Buy 30 units of SPDR STI ETF (ES3 on SGX) at S$3.15 per unit on 8 Mar 2017 Transaction cost of S$1 POSB Invest-Saver Buy 30 units of Nikko AM STI ETF (G3B on SGX) at S$3.22 per unit on 14 Mar 2017 Transaction cost of S$1 OCBC Blue Chip Investment Plan Buy 467 units of Nikko AM STI ETF (G3B on SGX) at S$3.19 per unit on 22 Mar 2017 Transaction cost of S$5 POSB Invest-Saver Buy...

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How to survive the corporate grind?

I went for a career development course sponsored by my bank today morning. I had previously gone for the induction training session a few months ago, which turned out to be really fun and interactive. Whilst providing me with a good overview of the corporate values, culture, leadership and structure of the bank. Similar sessions that I have attended at my previous firms have always turned out to be dry, dull and ineffective. Given my nice experience with the induction program, I found myself going into the career development course with higher expectations than compared to similar courses I have attended...

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What are your numbers?

Having just posted about our Sell transactions for Mar 2017, I just realised it’s about time to write about our Buy transactions for Mar 2017 as well. Just need to wait for our last automated POSB Invest-Saver investment into the ABF Singapore Bond Index Fund (A35 on SGX) to go through early next week before I do so. In the meantime, I’m free to write about anything that comes to my mind. I know the title doesn’t give away much but it is about something that matters very much to me. My wife and I track our personal finances &...

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Sell transactions for Mar 2017

This investment event was big enough for me to write a short post about it. Given the recent run-up in equity markets, we have decided to sell some of our stock holdings and take some profits. The last time we sold any shares was 1.5 years ago in Aug/Sep 2015. This is part of our overall strategy to focus on building up our ETF portfolio and simplifying our share portfolio. Over time, we should hold mostly ETFs in our investment portfolio with minimal stock holdings. It’s not that we need the cash since we are still employed in full-time jobs. Just...

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Knowing when to take a break

There has been no new post on this blog for the past week. Reason being my wife and I went for a trip to Seminyak (Bali) for a few days with our good friends and their almost 2 year old daughter. We stayed in a 2 bedroom villa and had a great time brunching, wining & dining at different cafes & restaurants every day. The local food scene in Seminyak never ceases to amaze me and it is essentially a culinary hotspot with some of the best places to eat at in the region. We did some shopping and...

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OCBC Bank pilot robo-advisory service

Have you read this article yet on finews.asia about OCBC Bank’s pilot robo-advisory service? I’m a big supporter of robo-advisors and this piece of news caught my eye. After all, I have been waiting for Smartly to launch since last year and was starting to wonder why it’s taking so long for competitors to show up. Especially when there should be demand for robo-advisory services from millennials in Singapore and considering how a robo-advisor for the ordinary retail investor continues to be unavailable despite the push towards fintech. The important thing to note about the OCBC Bank’s pilot robo-advisory service provided...

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Tax relief case for working mothers

It’s Tax Season 2017! Got a reminder message from Inland Revenue Authority of Singapore (IRAS) to file my Year of Assessment (YA) 2017 income tax return for the year 1 Jan 2016 to 31 Dec 2016 by mid April 2017. How nice of them to let me know it’s time to pay my dues to the Singapore Government. Oh well, at least the personal tax rates are low here, could have been worse like when we were back in Australia. By the way, are you eligible for No-Filing Service (NFS)? If you refer to the IRAS website, it basically means...

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Having the right people around you

I just realised my past few posts have been about our investment transactions, dividend income and interest income for the month of Feb 2017. I decided against writing a net worth post this time round since I just about had enough of reporting on another financial status update for the month of Feb 2017. Might be a good idea to space them out and mix them up with other types of posts so I don’t bore myself. Anyway, this post was inspired by my experience at two different gatherings over the last few weekends. Let’s give them more content...

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Investment transactions for Feb 2017

I’m going to first address the updates to the OCBC 360 bank account from 1 Apr 2017. As bank profits fall, one of the ways they can reduce expenses is by lowering the interest payments on the high interest bank accounts. This can be done easily by adjusting the interest rate tiers downwards that are earned on the various requirements to be met with one month’s notice and especially after they have captured the customer market share. After all, individual customers are less likely to switch bank accounts the longer they hold on to them or have existing relationships...

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Dividend income for Feb 2017

I was reviewing the Dividends section of my SGXCafe portfolio and was happy to see the dividends to be collected these few months from various stocks and ETFs. They are more than the amounts I collected the same time last year and I’m pleased with the progress we have made. Slow and steady but definitely on an upwards trend. Let’s have a look at the dividends we received in Feb 2017. SGX SPDR STI ETF (ES3): S$281 Parkway Life REIT (C2PU): S$24 CapitaCommercial Trust (C61U): S$155 Dividend income for Feb 2017: S$460 Last year in Feb 2016, our dividend...

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Interest income for Feb 2017

Passive income post time! First one of the month is usually for the interest income received from our various bank accounts in Singapore and Australia. For certain months, we also receive interest income from the corporate bonds that we hold. And Feb 2017 is one of them. Which is why this post is being written towards the end of the month since I was waiting for all of the interest to be credited first. SINGAPORE BANK ACCOUNTS UOB One: S$205 OCBC 360: S$111 Stan Chart/CIMB/POSB/ANZ: S$50 SINGAPORE CORPORATE BONDS CapitaMall Trust Bond 3.08%: S$31 AUSTRALIA BANK ACCOUNTS NAB/ANZ: S$130...

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Do household income trends matter?

The Department of Statistics Singapore (SingStat) issued a press release and report on Key Household Income Trends 2016 recently. You can look at the summary of key trends in the press release and find the detail in the report. This is one of the most interesting data reports from SingStat that I have looked at. The other being the article on households’ spending by age group. It gives my wife and I a good idea of how our income and expense level compares to the rest of Singapore. If you have been retrenched and are unemployed, none of the income statistics...

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What’s in the Singapore Budget 2017 for us?

Finance Minister Heng Swee Keat delivered the Singapore Budget 2017 on Mon 20 Feb. Since I have spent a few years working in the tax division of accounting firms in Australia and Singapore, the Budget speech is something I have gotten used to following every year. It has become a habit to review the corporate, personal and other tax measures that are announced then. But let’s focus on how this Singapore Budget 2017 is going to impact my wife and I. I’m sure everyone else is doing the same and the impact can vary according to your personal circumstances. Personal income...

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Challenges for the modern millennial woman

Do you remember a post I wrote last year about why I left my previous job? One of the main reasons being the deteriorating relationship between my tax partner and tax manager (after her return from maternity leave) over mismatched expectations, lack of communication and poor conflict resolution. This put me in a difficult position in the middle between the both of them and I hated it. Would you believe it if  I say I can see it starting to happen again in my current team? But it’s my senior who is the one stuck in that difficult position...

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Market cycle approach to working and ETF investing

I haven’t posted anything new in 2 weeks. Work picked up and the past 2 weekends were packed with family and friends meetups for lunches and dinners. Typical life of a working couple without kids. We spend most of the week at work during the day and with each other at night before scheduling all the catching up sessions over the weekend. This is on top of trying to find time during the week to exercise since we lead such a sedentary lifestyle in the office. Anyway, I was able to update my Google + profile and Facebook page...

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