Author: Investment Stab

Are you Suffering from a Debt Hangover?

Yup, the holidays are the time when you can get overboard (in every sense of the word). Who can resist shiny bobbles, Christmas markets and an adorable pair of shoes you’ll wear to a holiday party? Next thing you know, you’ve swiped your credit card too many times and gone into debt. AKA a debt hangover — when you have trouble sleeping, avoiding your credit card statements, and even snapping at your loved ones. It’s not exactly a fun topic, but it’s an important one. Instead of saying bad things about yourself, grab a cup of hot chocolate, curl...

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What to Do When You Miss a Paycheck?

You’ve finally got a handle on your budgeting and then the unexpected happens… your paycheck is late. If the thought is already sending you into a downward spiral, hold up.  Yes, missing a paycheck is a less than ideal situation, but you need to have an action plan in place before it happens. Don’t feel like you have to take out a personal loan or grab your credit card.  Go through the following steps first to see what makes sense for your individual situation. Look at Your Bank Accounts Seeing where you stand financially will help you set a...

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6 Steps to Ditching Your Debt

Let’s face it — debt sucks! Keeping up with the payments means less cash to do what you really want. And, the interest makes the burden grow, often faster than your payments reduce the balance due. With a solid plan and a lot of determination, you can ditch your debt and get back to having more fun.  Not sure where to start? Here are Charlie’s 6 steps to ditching your debt: Stop the Bleeding Unless it’s completely unavoidable (like that student loan for next semester), don’t take on any more debt. Avoid new credit cards, lock up/cut up the...

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Seoul Travel – $2.9k for 23days

I visited Seoul, South Korea with 2 other friends during the December period (20th December to 12th January). It was a pretty interesting (budget yet fun) experience that I thought you might be interested to know. Exchange rate: 822 won : $1 SGD Travel size: 3 Travel period: 23 days Total: $2,881.60 ($125.30 per day) Flight: China Eastern Airline (transit at Pu Dong International Airport) Cost: $700.65 ($2101.95 / 3) Flight from Changi to Pu Dong was about 5 hours, transit about 2 hours, then another 2 hours flight to Seoul. The return flight is about the same. We...

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Paying for my HDB with CPF after 55 Years Old

We have got many readers asking us if they can utilise their CPF to pay for their homes after they reach the age of 55.We have found the answer for you! Answer: YES YOU CAN! When you reach the age of 55, the money in your CPF Ordinary Account (OA) and Special Account (SA) gets transferred into a new CPF Retirement Account (RA).2 points to note when using your CPF money to pay for your house after you reach age 55. 1) You may use the money in your Retirement Account in excess of your cohort’s Basic Retirement Sum (BRS).Eg;...

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1,000 yen more Expensive to Travel to Japan

It just became 1,000 yen more expensive to travel to Japan, but it sure is not going to deter us from visiting that beautiful country ? With the new departure tax being implemented, many are wondering how it will be charged. So we did some research and tried to answer some possible questions below: ~Questions~ Q1. How will it be charged? A1. It will be charged when you buy your air tickets. The tax is automatically included in the plane ticket you buy Q2. Is it a tourist tax? A2. It is not. It is charged on every passenger...

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CPF: Better Fixed Interest than Fixed Deposit

This post will contain a tip on how to increase your CPF returns, namely in the form of interest. One way to earn more interest from CPF is to transfer your extra money, into your CPF Special Account. Your Ordinary Account currently earns 2.5%, Special Account and Medisave Account earn 4% interest while your normal bank Fixed Deposit earns less than 2% annually. Real Life Example: My mum is 49 this year. She wanted to buy a 10-year Fixed Deposit which earns less than 3% per year. I suggested that she put her money into her CPF to earn...

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4 Telegram ChatBots that Helps You Save Money

Apps are no longer the next big thing. They take up space in our phones, requires us to download and continuously update them. Instead, chatbots seem to be the next big thing. Just a few years ago, the mantra was “there’s an app for that”. Today, the mantra is “there’s a chatbot for that”. Below, we share with you 4 chatbots on Telegram that can help you save and manage your money better. The list is not comprehensive, with new chatbots being created every day! As such, if you have any great chatbots that you use to manage your...

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3 Reasons Stocks are Better than 99 Year HDB

Recently, we suddenly start realising that upon reaching the end of our HDB 99-year lease, we are all going to lose our homes – the HDB goes back to the government and we are not going to be getting any money back. Suddenly, HDB feels like a rented apartment instead of our home, except instead of paying rent every month until the lease expires, I pay for it for 30 years only – and if I’m lucky, I get to sell it for a higher price than I paid. The biggest and most important asset for most people is...

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An Overseas Clinic Visit Made Me Realise the Importance of Travel Insurance

This is a story of me going to a medical facility while on my America Road Trip and how lucky I felt when I knew I would be covered by travel insurance. December 2017, I went on a road trip to the United States of America (USA) – it was during the winter period but not that it mattered anyway I guess. I was on my way to the Grand Canyon when halfway through the bus ride there I started vomiting. I vomited and felt uncomfortable in the stomach – it was miserable, especially since I was kind of...

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We Don’t Lack Leaders, We Lack People With Empathy

What makes a leader? What makes a person a leader? We follow leaders because of many reasons; because they have a strong vision; because they are charismatic; because they inspire us to do great things; because of this and that. Great leaders like Steve Jobs, had many followers who followed him because he was a visionary, he was charismatic, and he demanded – inspired – people to do great work. We can stretch it a little and say the same can be applied to Hitler – the man literally convinced his people to go to war and risk their...

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Is Whole Life Insurance A Scam?

A lot of people have written a lot about the difference between the 2. So instead of comparing them again, we recommend you read the difference in the link below: The Case of Term vs Whole Life Insurance Instead, I will go into the figures. Context: 30-year-old male non-smoker planning for $100,000 in death payouts Quotes are figures I got from CompareFirst. Term Life: Whole Life: I covered the insurance companies – but you can probably do a simple search on CompareFirst to find the insurance companies. $1,094 per year in premium difference In total, you pay $3,570 in premiums for Term,...

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5% Travel Insurance Discount with FWD

At Investment Stab, we are always finding ways to help you save money, earn money, earn more money, and learn about money. And we have just this offer right here today: 5% discount on your insurance premiums with FWD Insurance! Simply click on the link below and you will be brought to the FWD website with a promocode to reduce your insurance premiums by 5%! https://www.fwd.com.sg/?ref=180619MAOFyDcU Nope, this is not a sponsored post. Story about how this 5% discount came about: Our content coordinator went on an overseas trip recently to Japan and bought travel insurance online via https://www.gobear.com/sg....

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Differences in investing viewpoints for bonds and equities

Recently, Azalea Group has just released its Astrea IV Class A-1 bonds. It was widely marketed as the debt instrument which provides access to private equity investments. This was definitely confusing (at least for me) and here are the reasons. Bonds and equities have different long-term investing objectives Bonds are predominantly debt instruments while equity, regardless private or public, are stake holdings in companies. Debt is primarily raised externally with the purpose of investing in the company’s operations for higher future returns. Interest and loan repayment is required. Debt is classed higher than equity for repayment in the event...

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SGX My First Stock Carnival (AKA Stock FunFair)

SGX will be holding a carnival this coming weekend at Vivo City! This event is suitable for those of you who are wanted to start their investing journey. Join us at this event to learn more about investing and how to start the journey. MOST IMPORTANT THING TO NOTE: There are prizes to be won: 50 Units of STI ETF – it is worth about $170!! There are also free goodies bag being given out on that day – like we always advocate: free thing just take~ In addition, we (Investment Stab) will be sharing with you on stage...

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