Author: Heartland Boy

Planting A Seed Today With The Citi MaxiGain Savings Account

When Heartland Boy was researching for his Article titled “How To Get The Highest Interest Rates On Your Bank Savings Accounts”, the Citi MaxiGain Savings Account kept popping up. It seems to be a savings instrument that is highly recommended online. It was even mentioned by his peers during one of his poker sessions. In addition, current customers only to seem to have rave reviews about it. These certainly got his interest piqued. After spending time to research and understand the product better, Heartland Boy decided to open a Citi MaxiGain Savings Account recently. He thinks this is analogous...

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Should I Let HDB Wipe Out My CPF OA Before Collection Of Keys

After waiting for 4 long years, Heartland Boy will finally be able to collect the keys to his BTO. Not yet, but soon enough for him to start pondering about keys collection. Since he is likely to apply for a HDB concessionary loan, his thoughts inevitably swing over to the prospect of HDB wiping out the entire balances in his CPF Ordinary Account (‘OA’). This is the process whereby HDB will deduct whatever balances remaining in the CPF OA, thereby reducing the mortgage quantum, before granting the applicant a HDB loan. After doing some research online, Heartland Boy realises...

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Guide On Tax Reliefs For First-Time Working Parents

If you are a first-time parent, it is common to find that the new-born takes centre stage in every aspect of your life. Filing for taxes would be placed at the backburner even during the income tax reporting season. Unfortunately, as the saying goes, nothing in this world is as certain as death and taxes. Therefore, why not take advantage of your upgraded status as a working parent to lower your tax bill? As newly-minted parents, you will find that the Singapore government has conferred you a slew of tax incentives. To save you the hassle of combing through...

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Roxy Pacific Holdings Limited: Initiation Report

Business Model of Roxy Pacific Holdings Limited Roxy Pacific Holdings Limited (‘Roxy’) is a small-sized property developer with a focus on the Asia-Pacific region. It was listed on SGX on 12 March 2008 with ticker code of (E8Z.SI). Today, it has grown to reach a market capitalisation of S$655 million. Roxy is helmed by the Teo family and its key management team has been running the company for more than 15 years. As a property developer, Roxy operates in the following segments of real estate: Diagram 1: Business Segments Under Roxy’s portfolio For residential developments in Singapore and overseas...

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Review of My Holidays In USA West Coast 2017

The Heartland Couple took their maiden voyage to the States in December 2017. It was even more exciting because they made this trip with 2 other couples. While it took some planning to stitch together an itinerary that everyone was satisfied with, it was all worth it as they had such an awesome experience together. This blog post is a review of their end-of-year 2017 holidays in the USA where they travelled to San Francisco, Los Angeles and Las Vegas. Disclaimer: This is not a personal finance related blog post Activities In Las Vegas Of the 3 cities in...

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How To Get The Highest Interest Rates On Your Bank Savings Accounts

With the plethora of product offerings from the consumer banks in Singapore, it can get quite overwhelming to try to understand which bank savings account gives the highest interest rates in 2018.  Many of these “hybrid” savings accounts require the account holders to perform a myriad of tasks, or like what the personal finance community likes to call it- jump through multiple hoops. Then again, a gainfully employed person probably can only choose one bank account to credit his or her salary into. Young working adults face the added constraint of being unable to consistently achieve a minimum spend...

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Japan Foods Holdings: Initiation Report

Business Model of Japan Foods Holdings Japan Foods Holdings Limited (‘Japan Foods’) is a leading Food and Beverage (’F&B’) Group specialising in quality and authentic Japanese cuisine. It is established in 1997 and listed on the Catalist Board of SGX in 2009 (stock ticker SGX: 5OI). In Singapore, Japan Foods operates a chain of restaurants under 7 franchised brands. Some of the popular franchise brands are shown and explained below. Diagram 1: Popular franchise brands under Japan Food’s portfolio Ajisen Ramen is also available in Malaysia and Vietnam through sub-franchisees arrangement. Meanwhile, the Menya Musashi brand is available in...

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Turning 30: What Shaped My Values On Personal Finance

Heartland Boy turns 30 next week. Turning 30 in 2018 is also a perfect occasion to reflect. Since this is a personal finance website, the thoughts penned here invariably gravitate towards this topic. It is a timely reminder that he only has 10 years left to achieve his goal of financial freedom. His desire for financial freedom is a direct outcome of his values on personal finance. These values stem from long-lasting beliefs and have become the standards by which Heartland Boy makes monetary decisions. In his pensive mood, he can’t help but realise that several events in the...

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Review of Seminar- Reading Property Signs In The Year Of Dog

Heartland Boy attended an education seminar titled “Reading Property Signs in the Year of Dog” on 13 January 2018. It was organized by Vina Ip, the founder of Property Club Singapore. Tapping on her personal network, Vina managed to round up leading professionals in their respective fields to share their outlook for the Property market in 2018. Rather than bore you with perspectives already available in the market, Heartland Boy will only highlight golden nuggets of wisdom from the speakers that are generally not reported in the mainstream media. Essentially, this is a quick summary that separates the wheat...

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Heartland Boy’s Ultimate Cash Back Credit Card Strategy For 2018

If you have been a frequent reader of this blog, you would have realised that Heartland Boy clearly falls into the cash back camp. For the uninitiated, cash back programmes are typically reward programmes whereby a small percentage of the amount spent will be paid back to the user. Therefore, Heartland Boy believes that cash back credit cards are an effective way of minimising his daily expenses. Entering a brand new year, Heartland Boy intends to spell out his ultimate cash back credit card strategy for 2018. This serves as a guide for himself and more importantly, for Heartland...

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How I Saved Over $300 By Switching To SIM-only Mobile Phone Plan

To begin a brand new year, Heartland Boy typically likes to get his finances in order first. This is very much akin to performing a spring cleaning before the lunar Chinese New Year. Therefore, he has been strategizing on how he could further reduce his discretionary expenses in 2018. One of the low-hanging fruits that he has identified was his monthly mobile phone bill. After some research online regarding the latest deals, he realised that he was still sitting on a cell phone plan that belonged to an era when competition in the telecommunications sector was less stiff. As...

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Heartland Boy 2017 Stock Performance Review

2017 is behind us and it is time for an annual review of Heartland Boy’s stock portfolio. The metric used to measure the stock performance would be Internal Rate of Return (“IRR”) and the relevant benchmark is the Singapore Straits Times Index (STI Exchange Traded Fund). Having a benchmark is important as it allows Heartland Boy to track and compare his active investment strategy. Heartland Boy will also be including the cash component when calculating his stock performance. Without further ado, let’s get straight down to business. From the table shown above, 2017 was an average year for Heartland...

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Top 10 Highlights of 2017

Hey, 2018 is almost upon us. Taking the cue from his lovely wife, Heartland Boy thought that this is a good opportunity to set aside time to meditate, reflect and reminisce about the highlights of 2017. In no particular order, here are the top 10 highlights of 2017 for Heartland Boy. 1. Watched His First Ever Concert The bumpkin kid finally had his first taste of a live paying concert. (NDP excluded) Through her gym instructor, Heartland Girl managed to purchase tickets to one of the most sought-after concerts held in Singapore in 2017. Perhaps this was the only...

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Straco Corporation: Initiation Report

Business Model of Straco Straco Corporation Limited (‘Straco’) is a developer, owner and operator of tourist attractions in Singapore and China. It started operations in 1990s and successfully listed on the SGX Mainboard in February 2004. Its current portfolio includes Shanghai Ocean Aquarium, Underwater World Xiamen, Lintong Lixing Cable Car and Singapore Flyer. Diagram 1: The various assets under Straco’s portfolio Straco employs a business model that is simple enough for the man on the street to understand. As the owner and operator of tourist assets, Straco generates the bulk of its revenue from the sale of admission tickets....

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Why I Signed Up For Great Eastern GREAT205

Earlier this week, Great Eastern decided to relaunch its GREAT205 after receiving overwhelming response for it during September 2017. Heartland Boy’s insurance agent immediately buzzed him about this piece of great news. That is because he had previously missed the narrow window to sign up for it during September as he was still working in Jakarta.  Not to pass up on a good offer at the second time of asking, Heartland Boy decided to sign up for the GREAT205 this week. Here are the reasons why he signed up for the Great Eastern GREAT205 using his SRS funds. What...

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