Author: SG Wealth Builder

Why you should not quit without a job in Singapore

  Recently I read that one of the fellow bloggers has quit without a job. When I saw his article, I immediately commented to him that doing so was a terrible career move. Obviously people resigned for various reasons. The push factors could be because of bad bosses, poor company culture, lack of motivation to work or being overlooked for promotion. Whatever the reason it might be, you should never quit without a job, unless you are cocksure that you are going to be your own boss. Ten years ago, I made this career mistake, so now, I am...

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Singaporeans’ misconceptions on the CPF System

Last Saturday, there was a protest against the Central Provident Fund (CPF) system, drawing almost 3,000 people at Hong Lim Park. During the protests, the speakers demanded amongst many things, a better CPF interest payout, the allowance to draw out their CPF savings at 55 years old and to be able to opt out of CPF Life. The protests highlighted certain misconceptions on the CPF System which I find worrying for fellow Singaporeans. Obviously most Singaporeans don’t understand how to manage their monies.Higher returns, higher risks According to the CPF website, an additional 1% interest will continue to be...

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The Little Book of Market Wizards: Lesson from the Greatest Traders

Being a value investor, I buy shares of growth stocks at a price below or near it’s intrinsic value. Even though I am not a trader, I believe it is important to keep an open mind and understand the insights and strategies of traders. This is because  whether you like it or not, there will always be speculators and traders in the markets. Their behaviors and actions will invariably affect market performances and impact the way you make money in the markets. In The Little Book of Market Wizards: Lesson from the Greatest Traders by Jack Schwager, I realized...

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How much are you saving on property by riding the North-South MRT?

SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on how to build your wealth through property in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice. Check out how to be a successful wealth builder in Singapore. Yesterday, you moved into a 1,000 square foot condo in Novena. Today, you board the North-South line for your office at Raffles Place.  For every minute you are on the MRT, you have saved $81,479 on the...

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Pricing vs. Appraising a Property

SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on how to build your wealth through property in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice. Check out how to be a successful wealth builder in Singapore. The introduction of the new HDB COV rules has sparked much public discussion about pricing homes versus appraising them. In March, HDB moved its official valuation from before the Option-to-Purchase (OTP) to after it.  In explaining the...

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How to get your CPF monies before you turn 55

Recently, there are a lot of debates on the merits of CPF Minimum Sum (MS) Scheme. Many Singaporeans are upset that the CPF MS has increased yet again and there are certainly anxiety among Singaporeans who are concerned whether they are able to retire comfortably. This has prompted Manpower Minister Tan Chuan Jin to come out and defended the CPF system. Well, let us be clear what CPF MS is all about. According to the CPF website, “The CPF Minimum Sum (MS) Scheme provides members with a monthly income to support a basic standard of living during retirement. For...

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BullionStar: The Chinese Gold Rush continues

Below is an article published with permission from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. I always believe that every wealth builder should have bullion in their portfolio. Over the long run, the outlook for gold is still bright, especially in Asia context. While 2013 was an exceptional year for gold demand in Asia, with shortages of minted physical gold bullion products and gold itself, according to some, 2014 continues to show robust gold demand according to the World Gold Council’s Q1 report.At BullionStar, we can testify about the growth...

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The most valuable workplace skill employees must have

In my previous posting, I highlighted that one of the most important skills that every employee must acquire is the ability to sell. You can be a sales manager, engineer or accountant in your organization but no matter what your job scope is, it is important to know how to profile yourself and be seen as able to sell your ideas effectively to your colleagues. But then again, to be successful in our careers, what other essential ingredients are needed? Recently, BBC wrote to me and asked me to write an article on what is considered to be a...

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Jobstreet.com: Singaporeans not ready for retirement

The following article is published with permission from Jobstreet.com, a leading online job site presently covering the employment markets in Malaysia, Singapore, Philippines, Indonesia, Japan and Vietnam. The survey done by Jobstreet.com revealed that Singaporeans are financially not ready for retirement. I am not surprised by the results of the survey at all because in general, I find that Singaporeans tend to procrastinate or avoid planning for their retirement. Many Singaporeans don’t appreciate the importance of building wealth early on in their career journey and the worst thing is that many of them are lazy or cannot even be bothered...

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Property Cooling Measures Freeze District 9

SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on how to build your wealth through property in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice. Check out how to be a successful wealth builder in Singapore. The below data vindicated the principles that Property Soul has been trying to highlight in her book ““No B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets to Building Wealth through Properties”. Before you decide...

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Understanding the risks of investing in Silver

In many of my previous articles, I have always encouraged Singaporeans to buy precious metals such as gold and silver bullion as a means to build up wealth in Singapore. This is because I have always believed that wealth is more secure in the long run when invested in physical bullion than in the current stock market, which I think is long overdue for a massive correction. But the perennial question is: is it worthwhile to buy silver or gold bullion? How do you build wealth with silver and gold bullion? To answer this question, it is important that...

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Property Investment: Location. Location. Location.

SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on how to build your wealth through property in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice. Check out how to be a wealth builder in Singapore! What are the three most important factors in determining the value of a home?  Location.  Location.  Location. This is a very old real estate joke that has survived the years because there is so much truth in it.Another piece...

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Cooling Measures Property Sale? Yes!

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. Check out how to be a wealth builder in Singapore! In the world of shopping, it’s easy to spot a sale.  Big, bold red-lettered signs plastered all over stores’ windows, proclaiming huge discounts and savings! But it’s not so simple in real estate.   To find a good deal, one needs to put in...

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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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