Author: Heartland Boy

Why I Bought Maternity Insurance For My Pregnant Wife

Heartland Boy doesn’t like to take chances in life. Generally, he sees himself as having quite a risk-averse personality. This is most evident from his stop-loss strategy when it comes to investments. Not long after finding out that Heartland Girl was pregnant, he swung into the thick of things by researching about insurance for pregnant woman. Having conducted extensive research online, here is his review of the best maternity insurance policies in Singapore. More importantly, he also explains why he bought maternity insurance for his pregnant wife. What Is Maternity Insurance Maternity Insurance is a term insurance that can...

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Why I Bought The NTUC Enhanced IncomeShield Assist Rider

Earlier this year, the government announced that patients who buy new Integrated Shield Plan (“ISP”) Riders must make 5% co-payment, with an annual cap of $3,000. This is a change from the previous position whereby purchased riders could potentially waive the entire hospitalization bill. This intervention from the government left many private insurers scrambling as they have until 1 April 2019 to roll out new riders that include the co-payment and cap. Heartland Boy was caught with his pants down too as he only had an ISP with no riders. For too long, he had always felt comfortable enough...

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Bali As Our Top Babymoon Destination

Minutes after rushing out from the toilet to show Heartland Boy a positive pregnancy test kit result, Heartland Girl exclaimed, “We are going on a babymoon!!!” Sure, Heartland Boy has heard of honeymoon, but what exactly is a babymoon? Amidst the euphoria, it was not lost on Heartland Boy that perhaps this was one of his wife’s ingenuous ideas again. It didn’t take long in his marriage for him to realise that the common thread linking her ideas had always been Heartland Boy’s monies. “Errr, what is a babymoon?” asked Heartland Boy. “It is a vacation for parents-to-be before...

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Get Pointed To The Right Direction For Your Financial Goals

When Heartland Boy first understood the concept of savings, his mother helped him opened a POSB Savings Account. A few months ago, this savings received a boost when he was able to turbo charge them via the DBS Multiplier Account. These days, he can be seen happily scanning QR codes on his DBS Paylah App to get 50 cents discounts for his hawker meals. This customer stickiness is about to continue as something caught his attention when he logged on to the DBS Mobile App recently. He noticed that DBS has stealthily rolled out a very sleek feature- a...

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What Are The CPF Housing Grants For HDB BTO and Resale Flats

Heartland Boy was very impressed with Jeraldine Phneah’s savvy use of the housing grants available to reduce the cost of her HDB resale flat. He compares this with his own experience where the Heartland Couple did not enjoy any subsidy when they bought their HDB BTO in 2014. It got him thinking about how the various CPF housing grants available for HDB Resale and BTO flats. Besides factors such as the length of the leasehold, waiting time, CPF housing grants will add a further dimension to the age-old dilemma of HDB vs BTO. CPF Housing Grants are critical because...

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Can Viva Industrial Trust Replace Its Rental Income Support- Insights From Its 2017 AGM

Viva Industrial Trust (‘Viva’) conducted its FY2017 Annual General Meeting (‘AGM’) on 20 April 2018 at Viva Business Park (‘VBP’). Heartland Boy attended the event as a unitholder of Viva Industrial Trust. The mood was jovial and light-hearted as unitholders present were generally contented and satisfied with the performance of the Manager for the year. In addition, the Board claimed at the start of the AGM that it is not able to respond to queries regarding the proposed merger with ESR-REIT. Here are some of the material questions raised during the meeting, together with personal insights from Heartland Boy...

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Get Up Close With The Managers At REITs Symposium 2018

The 2018 edition of REITs Symposium is back and will be held on 19 May 2018 from 9am to 6pm at Suntec Singapore. If you are a unitholder of the 32 participating REITs and Business Trusts, this is an invaluable opportunity to interact with the Managers once again. You will be able to gain first-hand insights from them and get your queries clarified all at once. Furthermore, stakeholders from the REITs ecosystem will be participating in talks and panel discussions in an action-packed programme. REITs Symposium has reached out to Heartland Boy and extended a 30% discount to his...

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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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