Author: SG Wealth Builder

Who will work for the rich?

In my previous post, I advocated the teachings of financial, professional and general knowledge to our kids. One of my readers then questioned “who will work for the rich?” I suppose there is a mistaken belief among Singaporeans that if we exposed our child to the financial world or encouraged them to be entrepreneurs when they are young, they will all become or aspire to become businessmen when they grew up. The truth is, not all of us have the attributes and aptitudes to be a successful entrepreneurs. Out of ten players, possibly only one will emerge as winner...

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The truth about money

Last month, our Education Minister commented that employers believe Singapore students lack drive and the willingness to try new things to succeed. I chuckled when I finished reading the article. Look, it doesn’t take a Singaporean genius to figure out that our education system has been result-driven and highly competitive for the past three decades. Everyone in Singapore knows for a long time that the education system is all about ranking, examination results and streaming. Obviously, to excel academically in such merciless system, one has to put in tremendous amount of effort and study real hard (unless of course...

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Learn how to sell

When I just started working as a manufacturing engineer in the aerospace sector, I always thought that my department (operations) was the most important department in my company. This was because I felt that without engineers solving problems in the production lines, the company would not be able to function as per normal. It was only years later that I realized that my thinking was flawed. The most important department in every private organization has to be the sales department. Every profit-driven company exists because of sales. Without sales, there will be no company. The problem with sales is...

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The one million dollar question

If you were given a choice between having $1 million and gaining the ability to make multi-millions, which one would you choose? Many people, including me, would normally choose the former. After all, its human nature to dream of being rich, not having to work and to indulge ourselves. But look, how long can the million dollar lasts? Especially in Singapore, where the cost of living is so high. With a million dollar, you can probably pay off your car loan, housing loan and afford not to work for about 5 years. The million dollar probably would not be...

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Entrepreneurship Insights: Ten habits of highly effective inventors

1. They note down their ideas in a notebook (just like my Investment Notebook!). Every idea is worth considering. 2.They think through their ideas over and over again before applying for patent. 3. They do their homework and invest a lot of their time doing extensive research (through internet, malls and prior patents for similar ideas). 4. They are good salespeople and can make good sale pitches. 5. Passionate about their ideas. 6. They constant improvise their concept to solve existing problem. They have no qualms seeking inputs and making revisions to their first prototype. 7. They are fiercely...

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Investment Notebook 2011: Gold ETF

Below is an article on gold ETF extracted from SGX published in 2011: 1) SPDR Gold Shares® (GLD) ETF participation has increased in August on account of the volatility that has coincided with Standard & Poor’s downgrading the credit rating of the United States to AA+ from AAA. 2) Unlike Gold Futures, the GLD ETFs do not extend leverage to the ETF buyer and sellers. 3) In Asia, the GLD ETF is cross-listed in SGX, Hong Kong and Japan. SGX maintains the largest market share of GLD with over 53% of Asia volume transacted on SGX. 4) Spread-wise, the...

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Entrepreneurship Insight: Five reasons you should not quit your job to start up your own business

Starting up a business is not easy and very often, it can really take over a person’s life due to the huge efforts and financial commitments required. Therefore normally I would not advise anyone to quit their job and start a business because that could be a recipe for disaster. Do it right and your life changes drastically for the better. Do it wrong and your life goes spirally downhill. So always plot your move carefully and make sure you do your homework before making the big escape from the rat race. Below are five reasons why you must...

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Investment Notebook: Opportunity Fund Part II

In my previous posting, “Investment Notebook: Opportunity Fund”, one of my readers posed this question to me “how many percentage of my net worth coming from the return of my stock investment, would I consider it has made me rich”. This is a very interesting question and it has set me pondering hard for several days. One thing for sure is that I did not have a clear cut answer to that question but nevertheless, I shall try my best to reply. Rate of returns VS net worth yield When I invest in anything, normally I look at the...

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Investment Notebook: Opportunity Fund

In September 2008, the collapse of Lehman Brothers (an investment firm in the United States.) triggered off the world financial crisis. Before the collapse of Lehman Brothers, fear of a “big bang” recession has been lingering around for months due to the festering subprime mortgages mess in United States. But no one would have predicted the magnitude of the economic crisis. But then, I remember the President of the United States announcing no bail-out for Lehman Brothers as it was considered not “too big to fail” (unlike other megabanks like Citibank, Bank of America, etc). The next day, there...

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Three ways to become rich in Singapore Part II

In my previous post “Three ways to become rich in Singapore”, I have some readers providing feed-backs and comments. I appreciate readers for taking precious time to read my blog postings and provide their valuable comments. One of my readers commented that “dividend investing” can also make you rich. Whilst I agree that investing in fixed income, be it stocks or unit trusts, is considered a source of side income, it does not really make you “rich”. In my personal context, being rich means to enhance one’s wealth substantially. Dividend investing may provide additional fixed income but it also...

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Three ways to become rich in Singapore

Many Singaporeans would agree that the cost of living is very high in Singapore. This is especially so during the few years in view of the rising inflation. In spite of the global economic downturn, unemployment rate remains low in Singapore. But most Singaporeans struggle with the rising costs, as their salaries remain stagnant. Henceforth, most of us are concerned whether we would make enough money to retire comfortably in our twilight years. Recently, me and my good friend were lamenting on the rising cost of living in Singapore and pointed out that the same bowl of $2.00 noodle...

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Investment Notebook: Investment Principles

For the past few days I have been doing spring cleaning and happened to flip through my investment notebook. I went through some of the interesting lessons learnt during the period 2007-2009. The collapse of the Lehman Brothers really changed the investment world forever and the old strategy of holding stocks for the long term for capital appreciation no longer works. In view of this, all of us need to equip ourselves with well-planned strategies to protect and grow our investments. In 2009, I had made three guiding principles for investment: Invest in myself Many people, myself included, tends...

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ACE Startups

The Action Community for Entrepreneurship announced on 19 Jan 2012 that it will be providing funding, networks and mentorship to 500 startups in an effort to promote entrepreneurship in Singapore. Under this new programme called Ace Startups, Singaporeans and permanent residents who are first time entrepreneurs can receive up to $50,000 in a one-off grant for their startups. One interesting aspect of Ace Startups is that applicants older than 26 years old are eligible for this funding. The grant will be disbursed in a co-matching basis – 70% provided by ACE Startups and the remaining to be committed by...

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My Investment Notebook

I started my investment journey more than 10 years ago when I was serving my National Service. By then, I had bought 2 lots of Unisteel using my brother’s account and I remember I had invested about SGD2000. Unisteel is a company specialized in producing fasteners and screws for computer hard-disk drives. By and large, it was a successful investment as the stock price increased substantially throughout the years. I sold my shares in Unisteel before it was de-listed and had went on to invest several other shares in the SGX. Throughout the years, I had also kept a...

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Funding options

I was doing some research on funding options for entrepreneurs in Singapore and decided to blog down some of my newly-acquired knowledge. We have often heard about angel investors, venture capitalists, seed funding and incubators. Many question and wonder the roles, involvement and motives of these various categories of investors with regards to the development of enterprises. Hope this article can bring some form of clarity. Basically there are two ways an entrepreneur can obtain funding: either through debt financing or equity financing. Debt financing is usually secured against certain assets and the creditor has the power or rights...

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