Author: JYKL Saving and Investment Blog

I am going to clone myself to work towards my financial freedom

Hi everyone, If you have seen the header, yes you are right. I am going to clone myself to work towards my financial freedom. Am I going to create a machine or create a medicine yo do that? No. In fact many of us has try to clone ourselves to work towards financial freedom which is to investing and collecting dividends. Cloning is just another way of saying that. So now you might want to leave the post as this post is nothing more than just a passive income post. If you are those who are able to achieve...

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Experience in Owning a Private Property

Hi Everyone! In today’s blog I will be talking about my personal experience in Owning a Private property Owning a property in Singapore is expensive but it is necessary be it a HDB or private property because you will need a home to stay in. So come at times you will be facing a decision when it comes to purchase a property. I have been through lots of question from my family, friends and online commenters that why I go for private property instead of HDB. Certainly HDB will be better for the start because it is cheaper and...

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Personal Finance – Summary of 2018

Hi Everyone! This year is indeed a fruitful year for me as the reader might know, i have made a huge purchase last year November 2017 and start living at my own house in Feb 2018 (right before Chinese New Year, after renovation). So technically speaking, I have $0 saving (excluding CPF SA and MA) as I have put down all my savings in the home purchase, renovation and furniture. Also, going through $0 savings and no portfolio is like a huge miss of opportunity to earn passive income through dividends but the purchase is worth it. If you...

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Personal portfolio update

Hi everyone, Yes I am rather inactive in my blog as I am seeking for a new job and job hunting is really tough. Am I jobless? Certainly not. I am still working at my current company just that I am seeking for a change in environment and industry to proof my experience to be relavent and at the same time to expose myself into different environment for valuable experience. Okay! Back to the topic. My personal portfolio, yes I do mention in my previous post that I am starting from 0 and now I have near to $7,500...

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Personal portfolio update

Hi everyone, Yes I am rather inactive in my blog as I am seeking for a new job and job hunting is really tough. Am I jobless? Certainly not. I am still working at my current company just that I am seeking for a change in environment and industry to proof my experience to be relavent and at the same time to expose myself into different environment for valuable experience. Okay! Back to the topic. My personal portfolio, yes I do mention in my previous post that I am starting from 0 and now I have near to $7,500...

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From hero to zero but hero will rise again

Hello everyone! From hero to zero, three years ago I started my saving journey for my wedding and purchasing my very first property and today I have accomplished these goals that I have set for myself. I am really happy living together with my Wife (but not ready for hold Ren yet as we are working towards our financial goal first before having our first kid) You might be wondering why hero to zero? The reason is very simple, previously I have set my 150k goal which has the sole purpose of purchasing my first property and for my...

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Savings and Expenses Tracking

Hi everyone, it seems that my savings website is currently down due to unknown reason. Could be because it is a free platform and they decided to take it down Since the human traffic isn’t that much. Well is okay, I am looking at some other expenses tracking Apps which can do the same job and if found, I will post the Apps information here and will do the same thing as what I have done previously (taking the screenshot of my updates and post it here) If you follow my post, you should know that I have recently...

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Building my stocks portfolio

Hi everyone! After a Long period of time, finally I have some spare cash to build my own portfolio from scratch. Previously I divested all my holdings due to purchasing of property and renovation (of course keeping sufficient emergency funds as well). This week, I have been loading up some shares which I believe is still in fair value despite the rise in STI (from 2600 level to 3500 level) really impressive jump. Although I did missed the opportunity to make some capital gain but still no regret as I am really happy with my new home. I am...

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My Journey Of Purchasing My First Property [Part 2]

Hi Everyone! This is the continuation from the “My Journey Of Purchasing My First Property [Part 1]” post, whereby I wrote about the first portion of my journey of purchasing my first property. 1) Process of Purchasing a property So after we decided on the property to purchase, we got our agent to conduct the next course of action, which is negotiation. We did negotiate quite a substantial amount as the seller wants to follow the valuation price and forgo the listed price. However, we still manage to get the property a bit lower than the valuation. So after...

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CPF – Should you or should you not

Hi everyone! Once again, the period of getting interest from cpf is here. Not everyone is excited but I am cause I am looking to every single ways to make my money working for me and getting interest/dividends are one of the ways! So you might ask, do I even top up my cpf and if yes, how much do I top up every year? Personally I don’t do any top up cause I don’t have much savings to put in cpf especially I need more cash flow in the future (for my family). However, once I have extra...

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My Journey Of Purchasing My First Property [Part 1]

Hi Everyone! Starting from this post, I will share with you on my experience on purchasing my first property which is a 2 bedroom condo at the north area. For this part, I will share with you on the preparation work before eyeing on the first property and also the must know stuff before you purchase a property. 1) Are you purchasing for your own stay or for investing. Many may asked why is this question so important, afterall it’s still the same. Well yea, after all the property that you purchase, you can either stay or rent it...

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Short interview with seedly regarding managing financial experience

Hi all, Recently I have received an email from seedly and conducted an interview with them asking about my experience in managing my own finances. I always believe that sharing experience with others is a good way of learning as the more I share, the more I am aware on my own experiences impacting other people. This, learning what are the improvement that I can made. Not just be alone, there are other financial bloggers that were invited for this interview by asking them to share their experience, portfolio and advice to those who start out their financial journey....

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Finally Got My New Home

Hi All, As mentioned on my blog title, I finally bought my new home! Although it nearly clear all my funds but to me it is a big step for me! Like mentioned before, I am unable to purchase HDB, so before anyone asked, I have bought a resale condo (850 square feet). This is a happy moment for me but also a mountain of debts coming for me as well since I am taking 30 years loan. With this, I have finally settle one of my goal which I kept mentioned in my blog since last year and...

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It’s not just Amazon’s fault

Retail stocks have been annihilated recently, despite the economy eking out growth. The fundamentals of the retail business look horrible: Sales are stagnating and profitability is getting worse with every passing quarter. Jeff Bezos and Amazon get most of the credit, but this credit is misplaced. Today, online sales represent only 8.5 percent of total retail sales. Amazon, at $80 billion in sales, accounts only for 1.5 percent of total U.S. retail sales, which at the end of 2016 were around $5.5 trillion. Though it is human nature to look for the simplest explanation, in truth, the confluence of...

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Reached my goal but something happened!!

Hi everyone, It’s been a while since I post any new post on my blog. The reason is because of my packed schedule (work and family) which drains out all my energy for updating any post in this blog. Certainly I will try my best to squeeze out time for this blog and share my savings and investing experience with my readers. Recently, I have hitted my savings target of 160k!! But that result doesn’t stay Long as I have invested in some small business (a joint venture with my wife and we do really hope that it work...

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