Income Review 2016


Not many streams of income left in 2016 that will bring me into 2017, having liquidate most of my positions to purchase a second home. Passive income: As can be seen... my passive income dropped from 2016 as compared to previous years. Liquidated most of my assets to get another house which i am currently staying in. So it will be like a fresh start in 2017 when i try to build up my … [Read more...]

Expenses Review 2016

That time of the year when i look back at my expenses in 2016... and see how much better or worst did i fare financially... I really only started tracking my expenses in 2015 when i got YNAB, and my first year expenses were recorded in 2015 expenses review. It was pretty interesting to see where my money went to. I guess it would be even more interesting (for me that is) to see where i stack … [Read more...]

Transactions in December + hitching


Coming to the end of the year, where did 2016 go to? Did my regular savings plan of 300 bucks a month, and this month, i decided to get some bonds instead. So i purchased A35 at $1.141. I had left overs from my previous purchases of STI ETFs, so even though the total purchase amount is $343, I had enough to cover the transaction amount. Bonds are less volatile... good for people who are … [Read more...]

Transactions, happenings Oct/Nov 2016


Didn't blog for 2 months, was kinda busy. Did my monthly purchase of 100 units of either G3B or ES3. Guess 100 units work nicely based on savings of $300 a month. Other significant updates: (1) Finally secured a tenant for my HDB - market is indeed softening... the house sat empty for 1 month. While logically I know there is definitely a vacancy period, I can't help but feel that every day … [Read more...]

Transactions for Sept ’16 + accidental lifehack


Continued my DCA into the STI index. Another 100 shares for the month. Using the transactions capture from SGXcafe. :) Incidentally, i chanced upon an accidental life hack from for a small amount of free cash flow. So i signed up for an insurance policy using the OCBC Cashflo card which breaks any purchases into monthly installments. And then because another policy came up which i … [Read more...]

Insurance Review

Been busy recently trying to renovate my house.... costs of renovation is definitely way different from what i remember when i did up my house 8-9 years ago! My curtains and lights are double of what i spent previously. Although regrettably my record keeping the last time has been far from ideal, so wasn't able to do up a very comparison. Any how.... due to the taking on of additional … [Read more...]

Transactions for August 2016


Added another 100 ES3 shares. Happy to receive my first dividend payout from ES3 after restarting my portfolio. Even though it's only $4.20, it is actually quite motivating! Slowly but surely, one minor minor step to more financial independence. :) Dividends for August By the way, there is an upcoming event for property, the Smart Expo. If you are interested … [Read more...]

Square 1

Haven't been blogging much, and i actually missed the Brexit drama, as I exited all my holdings prior to that. I don't profess to have good foresight. I simply needed the money for the down-payment of my new home, so basically I have to sell off everything to come up with the cash requirements. I got to say, it means i am starting all over again... no retirement portfolio, starting from … [Read more...]

Up, up, up and away


Been a furry of news these 2 weeks: Singapore car park rates up $0.10 to $0.20, season parking up $15 to $25 Malls, office buildings set to charge higher parking fees Cab firms hit by higher operating licence fees Electricity tariffs to rise by 4.3% Found a picture that adequately describes this: I guess the most direct impact would be those driving cars (3 of the news pertains … [Read more...]

Investors are speculating on Brexit

Did you get the oxymoron on my title? I was engaged in a conversation recently with a financial advisor, and was asked if I am making bets on Brexit. The advisor said that a lot of investors are speculating on Brexit, and hoping to make a quick win over it. I was scratching my head. Investors speculate? Benjamin Graham in his book, 'The Intelligent Investor' defines an investment operation is … [Read more...]

Lend me money?


So recently I managed to get a free copy of my credit bureau report. (if you don't know, if you apply for a new credit card, or have your credit limit re-assessed by your bank, you have a 30 days window period to log in and retrieve a free copy of your report) So what does mine says? So I was rated AA, with a 0.15% probability for default and a score of 1953. I was thinking, why was I not … [Read more...]

Waiting for my next pay (muses while showering)


No, it's not my pay day yet, although in all honesty, I AM indeed waiting for it. My current company bought out my notice period with my previous company - and in such cases, I need to pay my previous company compensation first (of 1 month + of my salary), and wait for the next payroll cycle in my current company before I get reimbursed. In practical terms, it would mean I am out of 2 months of … [Read more...]

New job, new beginning


So I started with another company at the start of the month. Given the uncertainty surrounding my previous company, I decided to take the plunge and hunt around for a more secure job for my career. I did not wait for a severance package, because I think I would not be asked to go anytime soon, and I wasn't there for very long in the first place - hence my package (if any) won't be that … [Read more...]

Prestige Life Rewards


I was introduced to this new and wonderful product by a Great Eastern Agent. Don't invest in property, invest in Prestige Life Rewards (PLR) by Great Eastern. This works like property investment, only better! Wow - is it true? Because this agent is a friend, I am open to hearing more, and I was promised an analysis between property investment and PLR. As I have a HDB, the comparison will be … [Read more...]

Drinks and Party – what’s your indulgence?


So it was TGIF yesterday, and after a hard and gruelling work at week, I think all of us can related to letting our hair down once the weekend rolls around. However, due to time-table clashes, I was not able to join my friends for a Friday night of drinks yesterday, and from the group chat that I saw this morning, the bill per pax averages out to between $150 to $200. I do hang out with them … [Read more...]

Update Feb 2016


In addition to recording my transactions, I also decided to track down on a monthly basis, how much passive income i receive from dividends Total of $815 for the month of February. Given that i only hold 15,000 STI ETF shares, seems like February is a good income month for me. The yield of the ETF is around 3.5% to 4% at this current price now. Also elected to receive dividends in the form … [Read more...]



Well, sad to say, i did not turn into an instant millionaire following my previous post - 12-million Hong Bao draw. I did have a consolation 'prize', as my company announced the year end incentive award (or bonus). So with the windfall (well, being able to keep my job is already good enough for me!), any bonus award can really be considered a bonus. As with any windfall received, adequate … [Read more...]

12 million Hong bao draw


Would you be buying a dream by 'investing' in a lottery ticket for the $12 million Hong bao draw? *correction - should be $13.9 million instead! Some financially savvy folks are saying that they might as well save the money and invest it for the long term, since that is a more sure-win bet. Me? I won't hesitate to admit that i would be one of those buying a hope and a dream. To me, that … [Read more...]

Consolidating bank accounts

One more step in organizing my personal finances. I closed my UOB savings account and consolidated it with my UOB One Account to earn higher interest rates. Why did i open up the savings account in the first place? (1) I have the concept of 'paying myself first'. Instead of the formula. 'Income - Expenses = Savings', i try to adhere to the formula of 'Income - Savings = Expenses'. Having … [Read more...]

Save more for a rainy day

Had a lot of uncertainty as my company was finalizing the corporate strategy over the last few months, and it was finalized a few days back. The result? A retrenchment exercise a few days earlier. It's my first experience of seeing colleagues just disappearing from office. A call from a conference room, a chat with the line manager and HR, and off you go. Sounds cold and harsh but that's the … [Read more...]