Author: SG Wealth Builder

The New Retirementality

One of the latest additions to my blogroll was “Growing your tree of prosperity”. The author of that blog, Christopher Ng had apparently made enough money to quit from his engineering job and retired at the young age of 39. However, money is only one side of the equation. He is currently busy studying for a law degree to prepare himself for a second career in life. His story inspire me and resonate the teachings in Mitch Anthony’s The New Retirementality (ISBN: 978-1-118-70512-4) Originally written to get the attention of baby boomers, who were approaching 55, author Mitch Anthony...

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Why some Singaporeans are destined to be poor

  Whenever I flip through The Strait Times, there are so many get-rich quick seminars advertisements on forex trading. It seems that the advertisers are targeting the growing aspirations of middle-class Singaporeans seeking to become rich quick through forex trading. These seminars are often marketed as “enrichment classes” with catchy tag lines such as “Mr X makes 2,000% profit in one month, so can you!” or “Mrs Y turned $2,000 into $50,000 in three weeks, so can you! Also, during the seminars, the modus operandi is to highlight the opportunity to retire young and the chance to earn extra...

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Property Soul: Dirty Truths and Profitable Secrets to Building Wealth Through Properties

  Many Singaporeans are obsessed with property investments but not many have been successful. Some have made a windfall, while many have lost a lot of money. Those who have become rich through property investments are reluctant to share their experiences and prefer to keep a low profile. This is understandable as who would want to reveal their secrets to being rich? Therefore, I was a bit skeptical initially when Property Soul asked me to do a book review on her newly launched book “No B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets to Building Wealth...

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More PMETs retrenched in Singapore

Recently, I saw an article in The Straits Times which reported the increasing trend of local PMETs being laid off in Singapore. It brought home the hard reality that professionals and skilled workers are no longer safe from being made redundant in their jobs. For degree holders like me, it also reinforced the belief that in order to sustain in this dynamic economy, it is very important to build a solid personal finance foundation and master niche skill sets. I always encourage young people who just entered the workforce to build up their own emergency funds as soon as...

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The right time to invest in SMRT?

In recent years, every time the Singapore railway system broke down, it was like a nail to the counter’s coffin. Due to the service disruptions, SMRT stock price has plummeted at a frightening rate from $1.74 in 2012 to $1.02 in March 2014. Speculators must have lost a lot of money in this counter. This is not surprising because to invest in SMRT, you need to hold a long term investment horizon. Fundamentally, even though SMRT has a monopoly in the public transport system, its business model is heavily dependent on government policies, and because of this, investing in...

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When you are facing death, what is the last thing on your mind?

When you are facing death, what is the last thing on your mind? In a recent radio report by UFM100.3, it was revealed that two thoughts commonly fill the mind of dying people. On their death beds, most dying people worried that they would become a financial burden to their families and many were concerned on how their families could cope financially after their passing on. I think the survey was quite accurate because when you are facing death, probably you would not be thinking of how much money you have in your bank accounts nor would you be...

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X-Value a close approximation to HDB Valuation

SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on property trend in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice.Since the launch of X-Value on 20 Mar 2014, more than 60,000 homes have their X-Value calculated on www.srx.com.sg and Agent Connect apps. Buyers, sellers, and real estate professionals have used it as a starting point in pricing their home. In order to understand how closely HDB valuations track the X-Value, all SRX HDB transactions in...

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Internship Opportunities with Thomson Reuters

For many years, aspiring local finance bloggers have been lamenting on how difficult it is to obtain jobs in the Singapore finance sector. There were also many young Singaporeans writing to me on how to get into venture capitalist, investment banks, fund management companies. In Singapore, while our local institutes of higher learning have been churning out finance graduates with good academic results, most of these graduates lack working experiences and track record in investments. So there has always been a gap in the investment industry. With this in mind, SG Wealth Builder is pleased to collaborate with TrakInvest...

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Tan Kin Lian’s career advice for young Singaporeans

I used to enjoy reading Tan Kin Lian’s blog because it contains a lot of useful tips on life insurance and personal finance practices. In fact, his blog inspired me to set up my own personal blog, SG Web Reviews, four years ago. Somehow, after his failed presidential election in 2011 (he garnered the lowest vote of  4.9%), he became more vocal against the Singapore government. Out of ten articles, five of his articles would criticize government policies. Tan’s style of writing has also become more cynical and self-righteous. His articles has become such a huge turn-off to me...

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You Are Not Making Enough Money

The following article is from Guest Blogger, Mike AdamsSales Performance Consultant, Corporate Fixer & Coach in Singapore. In one of my previous articles, I wrote on the importance of learning the art of selling in order to become a successful entrepreneur. This article resonates my thoughts that to be rich and successful in life, you must learn the rope of selling. I don’t know how much money you make but I am telling you, its not enough. You might make $100k a year or a $100k a month – it doesn’t matter, you and I need to make more....

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Singaporeans are self-centred and money-face

There was an online article written by a foreigner describing her experiences living in Singapore. Not too long ago, she came here with high expectations of Singapore and our culture. After some time, she was indeed happy with her life here, until she became pregnant recently. She complained that nobody gave up the reserved seats in the train. Once, when she almost fainted at the train platform, nobody came forward to help her. She felt disappointed by Singaporeans’ lack of empathy and compassion. Being a local and having lived in Singapore for 34 years, I can concur with her...

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Right on the Money

There are many online articles on how one should invest physical gold and silver, but very few people actually revealed their experiences on the precious metals. So it is refreshing to read Doug Casey’s experience on bullion investments in his book, “Right on the money:  Doug Casey on Economics, Investing, and the Ways of the Real world with Louis James”. The book contains forty interviews Doug had with Louis, touching on topics such as investments, assets, gold, real estate and ethics. My favorite chapters are from Chapter 9 to 14 under the segment “The Art of Investing”. In these...

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Creating a high traffic blog

If you are looking at starting a personal or professional blog, having a high traffic is vital to the success of your project. This may seem like common sense to many readers but many bloggers consistently overlook the importance of online traffic because they don’t realise that unlike brick and mortar business, or traditional mainstream media (e.g. newspapers and radio), unique visitors to your blog do not happen by chance. In today’s context, given the billions of websites in the online galaxy, you cannot expect to achieve overnight success by advertising through newspapers or radio. You must have a...

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Property Investor Alert: HDB COV Falls to Zero in Feb 2014

SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on property trend in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice. HDB median COV dropped to ZERO. Overall HDB Cash-Over-Valuation (COV) dropped from $3,000 in January 2014 to zero in Feb 2014. This is the first time COV hit zero since 2006 when SRX began collecting COV records.    (2). Twelve out of 28 HDB Towns saw zero or negative median COV. This is an increase from seven...

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