How Can Factoring Help Singaporean Entrepreneurs?

Factoring is a way for entrepreneurs to ensure steady cash flow. While it may not be necessary to use it, all Small to Medium Enterprise (SME) owners in Singapore should at least understand it. There may come a time when a late paying customer impedes cashflow, and getting your money back means the difference between a stellar performance and a missed opportunity (or an expensive loan): What … [Read more...]

Book Review – It Is Only Money and It Grows On Trees

it-is-only-money-and-it-grows-on-trees

I had the chance to review this book “It is only Money and It grows on Trees!” by Cara MacMillan. This is a very easy book to read, and a pretty short one too. You can finish it in one sitting if you have about an hour or two to spare, but it will probably take a little longer if you try out the exercises at the back of the book. I’ll talk about these exercises in a while. This book has the … [Read more...]

Why You Shouldn’t Obsesses Over Return on Equity When Investing

Return on Equity (ROE) is one the favourite metrics used by investors. In fact, if you are introduced to investing via a course or a book, it is probably one of the first things you learn. Most notably, Warren Buffet has mentioned that he considers ROE important (and as always, anything he utters is blown out of proportion by the media). But there are good reasons not to consider ROE the be-all … [Read more...]

Book Review – Be Financially Free: How to become salary independent in today’s economy

Book Review - Be Financially Free

When I was reading this book, I was thinking that this should be yet another one of those personal finance books asking people to embrace financial independence. I think 70% of the book is about the general finance related themes that are often talked about in this genre of books. If you’ve read a couple of them before, you’ll realize that you’re in familiar grounds. The good thing about this book … [Read more...]

2 secrets you probably did not know about your brokerage account

We are familiar with many great resources out on the web. But one of the most overlooked resource you should consider tapping on is your brokerage service, which you probably are paying for without realizing so. Often taken for granted as a mere channel to transact, most brokerage houses provide many value-added service that could help your investments. Here are two secrets that you probably … [Read more...]

Simple Tips to Keep Costs Low in an SME

Formula to Reduce Short-Term Spending and Pursue Long-Term Success Finally Revealed Latest studies and market research indicates that Southeast Asian Markets are expanding and business opportunities in the region are on the rise. As per the data collected from the Singapore Economic Board (SEB), there is a steady increase in the number of new businesses emerging in this region which suggests … [Read more...]

Should you invest in P2P lending?

P2P lending is a disruptive business model, which seeks to replace the loans function of traditional banks. In the UK, the P2P lending site Zopa surprised many by delivering large numbers of personal loans, which a much lower default rate than many banks. In China, unregulated P2P lending was blamed for aggravating the damage of stock market crashes (many had invested with borrowed money from … [Read more...]

Will digital cash ever replace paper money in Singapore?

About 1200 years ago, the Chinese are believed to have invented paper money. And today, they may be leaders in promoting digital cash. The head of the People’s Bank of China (PBOC) recently said that China is developing a bitcoin-like currency, or “cryptocurrency.” This would be under the control of the central bank, giving them more control over the money supply and economy. Bitcoin is … [Read more...]

Lazy Investing for the Lazy You

Nowadays, it’s not uncommon for us to hear our peers or even our own family members talk about the hottest stock in town, which particular investment is generating the most returns in the shortest time, etc. You get the point. While not everyone is all that interested in looking at the stock charts or reading financial statements, there is a sure-win way to invest which guarantees a good … [Read more...]

Singapore as a Startup Hub and a Paradise for Investors

Hey readers, I’d like to ask you something. Do you know which country was ranked number one in the “2015 Ease of Doing Business” index? It was Singapore. The country is financially vibrant and has everything (including human resource, flexible regulations, and a low-tax system) to attract investors. There’s hardly any surprise that capital from all parts of the world is flowing into this … [Read more...]

Don’t worry, yet – a bad January doesn’t mean a bad 2016 for markets

This January has been unkind to markets. Singapore’s STI is down 6% and other markets in the region are struggling too. Shanghai is down 15%, Hong Kong is off 10%, and the Philippines has dropped 8% in 2016 so far. For some markets, this means bad things for the rest of the year. A theory called the “January barometer” says that if a market falls for the full month of January, it will end … [Read more...]

5 Bad Habits that Lead to Credit Card Debt

The Credit Bureau Singapore released a report this year with a surprising fact: there are 85,352 Singaporeans who have missed two or more monthly payments on their credit cards, personal loans, and overdrafts. This number is a 32% increase compared to the number of debtors in 2011. Credit cards are like power tools - they make your life a lot easier, but should never be in the hands of the … [Read more...]

Rising rates in the U.S. are bad for the STI… or are they?

After years of anticipation, the U.S. central bank finally raised interest rates on Wednesday. Many investors in around the world, and in Singapore, have been bracing for this moment, because the conventional wisdom is that rising interest rates are bad news for stock markets. On the surface, this makes sense. Much of the rest of the world often follows the lead of the U.S. central bank. The … [Read more...]

2nd CHANCE PROPERTIES – Profiting from the Property Business

2nd Chance Properties is a four-decade-old company with three strong income streams. The company’s gold retailing business and clothing line specialising in traditional Malay women’s wear provide it with assured revenues. But the bulk of its top-line and a substantial portion of its profits come from the properties that it owns in Singapore and Malaysia. In a canny move back in 1997, the … [Read more...]

5 Mistakes to Avoid if You Want to Retire Successfully in Singapore

Retirement is a complex topic, because it’s different for everyone. A retirement plan that works for one person might be a disaster for another, and vice versa. There are, however, some things that all retirement plans have in common. These are the common things to avoid, if you hope to retire well: 1. Start Worrying About Retirement and Savings Only in Your 40s Retirement planning should be … [Read more...]

The five golden rules to gaining financial independence before age 30

Many people dream of financial independence, the always-green plateau of no longer relying on official salaries and being able to do what you want. For some, it means they can retire. But that's not all that financial independence can offer. It can also mean that you can start doing the work you truly love. That could include authoring a book or earning money while travelling … [Read more...]

Managing Finances – 5 Tips to Save When Shopping Online

Being a self-confessed online shopaholic, I prefer getting my purchases on the internet rather than stepping out of my house. And I am not alone. Online shopping in Singapore has been gaining traction for the past five years. Singaporeans, together with our Malaysian neighbours, account for almost half of the online retail sales in Southeast Asia. This is no mean feat for a country as small as … [Read more...]

7 ways you could be using the internet to solve your money problems

internet_tricks

As Janet Jackson so eloquently put it in the ‘90s - ‘The best things in life are free’. Whether you’re with her on this one or not, I’m sure one thing we can all agree on is that the worst things in life are those services that charge infuriatingly unnecessary admin fees! However, thanks to the wonder that is the World Wide Web, these sorts of sneaky service charges are quickly becoming a thing … [Read more...]

IPTO, licensed money lenders and illegal money lenders

I recently learned from a source that works closely with the licensed money lending industry that the IPTO (the Singaporean government agency that regulates and licenses money lenders) intends to effectively end the practice of legal unsecured lending to Singaporeans earning less than $30,000 annually via new regulations which are scheduled to go into effect as of June 1, 2012. The new … [Read more...]