Author: SG Wealth Builder

7 reasons to sign up SG Wealth Builder Membership

Membership Sign Up Membership Fee It seems like yesterday when I founded SG Wealth Builder. I can still remember the explosive passion and excitement when launching this wealth blog. Seven years had passed and the energy remains amazingly strong. During this period, there had been a lot of twists and turns. Nevertheless, the brand of this blog grew from strength to strength. Over time, I have also developed a voice that connects with my readers. It is this distinctive voice that attracted readers to keep coming back to this blog and many had become long-time followers. Now, I feel...

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BreadTalk Group to unlock value with property divestments?

BreadTalk Group is a home-grown SGX stock which I have always admired because of its strong brand name and high-quality bakeries. When its founder, George Quek launched the first store in 2000, nobody could have predicted that he would go on to grow the BreadTalk chain store to such extent that it got listed in Singapore Exchange in 2003. Within three years, BreadTalk had become a force to be reckoned with in Singapore market and George had certainly wasted no time in exporting the brand overseas. Today, BreadTalk operates close to 1,000 outlets across Singapore, Mainland China, Hong Kong,...

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Battle of Singapore banks (OCBC, DBS and UOB)

Singapore “Big Three” local banks recently announced third quarter 2017 results. Although all three banks suffered from collateral damage arising from loan exposure to the oil and gas sector, the latest results were generally upbeat and data revealed resilient growth for OCBC, DBS and UOB. Competition continued to be stiff among the banks but growth for all three banks is expected to be positive for the full-year as Singapore economic growth was predicted to exceed 3% for 2017. OCBC took the lead Net Performing Assets (NPAs) continued to weigh on the banks’ earning as the ailing oil and gas...

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GST should be raised to 12%?

On 6 August 2015, the Ministry of Finance took a rare step in refuting claims “the Government planning to raise the GST after the next General Elections”. Singapore government slammed online websites for spreading baseless claims that the GST would be raised from 7%. Personal finance website, Dollar And Sense, also rubbished the notion that GST would be raised to 10% on 22 September 2015. Well, they could be wrong as PM Lee Hsien Loong recently dropped big hint that there could be impending tax hike due to increased government spending. In my perspective, I feel that there could...

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Biggest myths about CPF Nomination

The Chinese has a saying “You come to this world with nothing, and you shall leave this world with nothing.” Death is an inevitable phase of life which everyone would have to go through. While your CPF savings certainly belong to yours, the ownership would cease upon death. This is a fundamental universal truth. However, being a responsible wealth builder, I believe in forward planning. In this article, I will share my thoughts on the biggest myths about CPF nomination. Recently, I have made my CPF nomination. The process was incredibly simple and easy. It is also free of...

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Can SGX Win the World Largest IPO?

Bullionstar Subscribe to Blog via Email Enter your email address to subscribe to this blog and receive notifications of new posts by email. Join 2,604 other subscribers Email Address Search for: In what is believed to be the world largest IPO ever, Saudi Arabia oil company Aramco is seeking to list 5 percent of the company, which is valued at USD2 trillion, in both domestic and international stock markets. The move is part of the plan by the Saudi kingdom to diversify its economy and reduce the reliance on the black gold. International stock exchanges from New York, London,...

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The end of Noble Group?

Embattled Noble Group firmly had investors on tenterhooks as media reports emerged of DBS bank cutting lending facility and the resignation of co-CEO. The double blows sent share price plunging to $0.198, below the $0.20 critical support level. Considering the fact that there was a 10 into 1 share consolidation done in May 2017, the adjusted share price is actually $0.0198. Investors who had subscribed to the rights issue in last year would have lost their pants if they had held on to the shares until today. A week before, the SGX-listed company reported a stunning USD1.17 billion losses...

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Should HDB owners upgrade to private property now?

Have prices of private properties bottomed out and is it the right time to buy private property now? If so, should you buy freehold or leasehold properties? To answer these questions, it depends on whether you are an upgrader or investor. Recently, I received the following email from a follower and decided to share some of my thoughts. Hi Gerald, I am a big fan of your blog. It’s very informative and insightful. Currently we are staying in fully paid 4room HDB flat. My husband and I have been searching for property to upgrade this year. We are looking...

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SATS share price

SATS is a SGX stock which I have always admired because of its historically strong business performance. The company is a leading provider of gateway services and food solutions, with the major bulk of business mainly in the aviation sector. Recently, the share price of SATS experienced a loss of form. What is the situation? Has the management lost the plot? Since the announcement of the 1QFY2018 financial results in 21 July 2017, the share price experienced a major bout of decline. From $5.10 to $4.60, there was a drop of almost 10%. Technically, this represented a correction for...

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Losing your job due to retrenchment

Losing your job due to company down-sizing can be both dramatizing and depressing. Indeed, with the rise of machine-learning and artificial intelligence, thousands of jobs are being made redundant on a daily basis. What this means is that many skills are becoming obsolete. However, the topic of retrenchment is seldom discussed in Singapore because of the social stigma. Recently, when I touched on the SPH retrenchment exercise, a reader questioned my agenda and even condemned me for being anti-government. I wish to use this article to set the record straight. Building this blog from zero had been both challenging...

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The Dark Side of Loan-to-Value (LTV) ratio

Once again, this is an article that all existing home-owners and aspiring home-buyers should never miss. Many Singaporeans tend to focus on the interest rates offered in the market when shopping for home loans. However, the biggest nightmare for home-owners is not the rising interest rates. After all, even if the interest rate of your home loan did spike overnight, the monthly installment amount is not going to be catastrophically high. Instead, the scary thing about home loan is when you are faced with margin call due to the loan-to-value (LTV) ratio. What is margin call? What is loan-to-value...

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Invest in Jumbo Group?

2017 is a milestone year for Jumbo Group as the F&B outfit celebrates its 30th anniversary. Listed in SGX Catalist only in 2015, Jumbo counts sovereign wealth fund, Temasek Holdings and Osim founder, Ron Sim, among its major shareholders. Temasek Holdings has a stake of 6.2% (40 million shares) while Ron Sim holds 5% (32.1 million shares). With such strong support from institutional investors, is Jumbo Group a safe bet for retail investors and is it worth the effort to invest in this counter? Share performance In my last article in December 2016, I wrote that the share price...

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Lending money to yourself through insurance loan

Ranked Top 75 Singapore Investment Blog by Feedspot Subscribe to Blog via Email Enter your email address to subscribe to this blog and receive notifications of new posts by email. Join 2,284 other subscribers Email Address Do you need cash? It may sound odd but you can lend money to yourself. Life insurance loan allows you to do so. Before you dismiss this as yet another click-bait article, I want you to keep an open mind and read on. Because this strategy may be extremely useful in your wealth building journey. In various stages of life, we may face...

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SPH retrenchments

Festive season is only two months away but for many SPH staff, there is nothing to look forward to nor cheer about this year. Within a month of taking over as the new CEO, Ng Yat Chung announced the shocking decision to accelerate the culling of 10% of its workforce. Originally, the 2016 plan was to carry out the lay-offs over two years. Now, the decision is to bite the bullet and complete the SPH retrenchments by end of this year. The SPH retrenchments come at a time when the media giant is struggling big time to adapt to...

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Eldershield defies logic?

In a couple of years, I am turning 40 and would be automatically enrolled in Eldershield. Launched in 2002, this national scheme is aimed at providing basic financial protection to Singaporeans who need long-term care. My late father was one of the beneficiaries of Eldershield payouts. Henceforth, in this article, I will share my views on this insurance policy. According to the Ministry of Health’s website, it is estimated that 1 in 2 Singaporeans who are healthy at the age of 65 is at risk of having a long-term disability over their lifetime. However, not many Singaporeans are prepared...

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