Author: Singapore Money Matters

How to Invest When Market Is High: 2017 June Update of GMC Portfolio

If you are an investor, it is hard for you to ignore the broad-based stock rally globally this year. And if you are a rational investor, it is even harder for you to decide how to invest now. How can you find the hidden gems in the current investment environments? When you observe the investors around you, you will see two group of people. One group who consider that the market too high and you have to get out of it before it crashes The other group who believe the market will continue to go higher and you will...

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Japan REIT Investment: What Singapore Investors Should Know

Real estate investment trusts (REITs) have long been a favourite among stock market enthusiasts who want to capitalise on global property markets without sacrificing affordability, diversity and liquidity. Many Singaporeans are familiar with Singapore REITs, but not many people are aware of Japan REIT (also called J-REIT). Japan is the second biggest property investment market in the world, they have their own set of REITs for nearly two decades. So if you are a REIT investor, you got to know Japan REIT. I am glad to introduce Ziv Nakajima-Magen, an insider of Japan’s property market, to share with you...

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Retirement Planning: What You Need to Know About CPF Top Up

CPF Life is crucial to every Singaporean’s retirement planning. There are people who protested and demanded the government to “Return Our CPF”, but there are also many people who have good faith in our national pension system and want to top up more into CPF for their own retirement planning. What are the benefits of topping up CPF, how much more can you top up? This article will give you the answers you need. The benefits of CPF top up There are two main benefits of topping CPF. Earn more interest Enjoy more tax relief These will help you...

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Invest for Retirement: 2017 May update of Global Momentum Compass (GMC) Portfolio

Global Momentum Compass (GMC) is an investment portfolio designed for retirement. There are two stages when it comes to investing for retirement. Investing for growth Investing for income GMC is designed to grow your money. You may ask, “can’t I invest for both income and growth?” The short answer is, you can’t! I will leave this to a future article. So how does GMC portfolio fit into your retirement planning? I started SGMoneyMatters.com almost 9 years’ ago. A lot of things have changed in these years but two things remain the same when it comes to investing: People are...

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Interest Rate Hike: 4 impacts it has to you and your money

Will you give it a yawn when you hear the news that the interest rate hike is coming? You may yet to realise how deeply this will affect you and your money. For a start, when US Federal Reserve increases their interest rates, it is not only a US thing. US interest rates matter to Singapore. When the interest rate in the US is raised, so will it be in Singapore. The interest rate is important because it affects your everyday decisions about your money. It influences the cost of your borrowing, the stability on your savings, and the...

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How to Set SMART Goals for Your Financial Freedom

If you want to achieve financial freedom, you need to set it as a goal first. But having a goal is not enough, it has to be a SMART goal. Having new year resolution is always intimating. You want to lose weight so you can fit your old pants in the wardrobe You want to make more money so one day you can sack your crazy boss You want to start saving because you know you are nearer to your retirement But if you think about it, aren’t these goals the same goals as last year? Have you been setting...

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3 Financial Freedom Pitfalls That Gen Y Fall into and How to Fix It

Are you a Gen Y working towards your financial freedom? Maybe you are in your 20s and 30s with a career that’s just starting to take off; maybe you want to start building a family and are making plans for the future; maybe you hope to achieve your financial freedom so you can retire early. With all these goals in your mind, you realise that there are some very real financial challenges. It seems that It will take forever to pay off all your loans You will never earn enough to support your young children and ageing parents You...

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What do Singaporeans Invest for Retirement Planning

Have you saved enough for your retirement? Do you want to know where your fellow Singaporeans stand across the globe when it comes to making investment choices for retirement planning? The world is sitting on the ageing “time bomb” while many governments have to set aside 50% GDP for the costs of ageing. And you know that you cannot retire with $1,100 a month. In the face of challenging global economic conditions, making the right investment choices matters more than ever. What do you have to consider when it comes to saving and investing for retirement? Here are my findings… Blackrock has...

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3 things you must do now to get more income tax relief before year end

Getting started on your tax planning before the New Year begins can help you maximize tax relief and minimize tax payable next year. Many people only look into tax relief in April when they need to declare their income tax. But there are 3 things you must do now before the year winds down if you want to obtain more tax relief. Contribute SRS for Tax relief and more The Supplementary Retirement Scheme (SRS) is a voluntary scheme that incentivises individuals to save for retirement by way of tax-deductible contributions. Singapore citizens and permanent residents can get tax relief up to $15,300, while foreign individuals...

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How to use a winning strategy to invest for retirement

If you want to invest for retirement, there are only two ways you can make money Investing for capital gain Investing for passive income With all the fluffy advocation by the media nowadays, income investing seems the way to go. But in reality, that is not likely where you can start with. Why? If you understand a bit about income investing, you know that you will be lucky enough if you can receive 4% to 5% consistent investment income. You may also start to realize that many Singaporeans invest into properties for rental income, but end up with less than...

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3 things you must do to invest in the modern world

There’s a popular English proverb saying: “Look after the pennies and the pounds will look after themselves.” In another words, if you concentrate on saving small amounts of money, you’ll soon amass a large amount. When it comes to investing for retirement, this can’t be more true. We never learn to plan our retirement in school and it is hardly anybody’s dream to build a retirement portfolio. The truth is, most of us wake up one day and say, “Gosh, I need to do something for my retirement.” Make sensible investment decisions becomes harder and harder in today’s age,...

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A Beginner’s Guide to CFD Trading

Trading in CFDs , or “Contracts for Difference”, is a potentially lucrative yet risky form of investment. CFDs are a derivatives product allowing you to trade on market movements without owning the shares on which the movement is based. Traders make money by speculating on the future movement of a market – whether that is up or down. CFDs are very tax-efficient – you don’t pay Stamp Duty, as you would when buying shares, as no taxable assets change hands. CFDs are leveraged products which allow you to get the full benefit of the market movement while only putting a small...

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Does travel insurance cover terrorism

Singaporeans love to travel, and most people will buy travel insurance. But have you ever thought if your travel insurance cover acts of terrorism or war? It might be hard to accept, but the recent Paris attack is just a reminder that terrorism is just part of our lives. Making sure your travel insurance covers terrorism is essential when you purchase travel insurance. This post is to help you understand the terrorism cover in travel insurance. From my observation, it seems most basic travel insurance policies offered by airline or credit card companies do not provide cover for acts of...

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One simple investment strategy to ride through tough stock market environments

The recent stock market crash is a good test for the faith of many investors. Should you buy stocks now at distressed price or should you “cut loss” and re-enter the market later? What I am thinking now is, what would Warren Buffett, George Soros or Jim Rogers be doing now? What would Wee Ee Chao or Koh Wee Meng be doing now? What would GIC, Temasek Holdings or the professional traders be doing now? Do you know that the wealth accumulated by the richest 1% people in the world will exceed that of the other 99% in 2016. You see, there are millions...

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How to dig below the sales pitch and choose the right unit trust

For most Singaporeans, unit trust is the best investment instrument to start with. But why so many people lost money in unit trust investment? Because most people chose the wrong funds. If you want to make money, you need to know how to choose the right unit trust for yourself. Few Singaporeans today are complete strangers to unit trusts. You most probably have listened sales pitch of unit trusts from banks, stock brokers and financial advisers, but you are not sure whether they have your interest at heart. Then the ETF providers come to whisper next to your ears, “fund...

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