Author: JYKL Saving and Investment Blog

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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Beginning of 2nd Quarter 2017!

Hi Everyone, Today is the beginning of the 2nd quarter in 2017, and I have tabulated my financial report card to check to see what is my current progress. I will report based my result in percentage (current savings / my financial target *100): 95% 95% of $160,000! This is indeed very near to my expected target! 5 more percent which is around $8,000 more to go! I have given myself 3 more months to reach this goal as I am expecting to get to view the place that I wanted to buy in around June 2017! (Finally! The...

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Personal Experience on Saving and Investment Journey (Year 2016)

Hello everyone! 2016 is a pretty calm year for me as I did not switch job, did not do much investment and also not much changes in the financial plan for myself. The only big changes is my marital status, I am married last year! My saving journey for the year of 2016 was quite stable and I did not really over spend too much although I have to cover the wedding expenses (which cost around 20K). Luckily my wife also tries to help me to ease my finance by chipping in in some of the expenses like our...

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On the way to getting my first property

Hi Everyone! It’s been a while since I have update my blog due to my busy schedule, I did not have time to post any update on my side. Despite my busy schedule, I still make an effort in working towards my goal in getting my first property. I am nearly there as you can see my target bar on the right side of this blog, I manage to hit 91% of my target. This is definitely a good news for me because 9 more percent before I hit my target of 160k and with this amount I hope...

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Investing Notes – a new platform for centralize information on Shares/Stocks

Hi Everyone! Recently there is one new investment website called investing note which is a platform whereby people can share their thoughts on shares and also a centralize place to get news and information on stocks like share price and etc.  I believe this is a good place to go to even if you are new to investment in shares. Of course, you can asked or share your thoughts on other financial issue.  If you want to try and, do register yourself via this link to investment note. This platform is absolutely FREE. So do feel free to join...

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Big Event and Year 2017 Update

Hi Everyone, It’s been a while since I have update this blog, mainly due to preparation of my big day (my wedding) which leads to insufficient free time to update my blog. 2016 has been a fruitful year for me because there are several happy event took place. First is my wedding and ROM, it was a wonderful event with my wife as we prepare really hard for this (day and night preparing all the things that we need during the actual event). The reason why we are so busy is because we did not hire any event planner...

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