January is coming to an end

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When we were asked what we look forward to in the new year, all of us (NSFs) in the unit replied in unison, "ORD!". The first month is coming to an end soon. It's been also a year since I started this blog and tracked my finances. In that process, one observation was clear. Your career is the single most important source of building wealth We are told by our parents to study hard and get … [Read more...]

2016’s Reflection

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2017 is coming in a little less than 1 month! Hence, it's time for a reflection to see how I fared throughout 2016. It's also time to take stock of all my growing up years and plan ahead for 2017. On human capital, In 2016, nothing has changed.I graduated from polytechnic in 2015 and I have less than a year now to completing my National Service. I have been thinking about furthering my … [Read more...]

Value-for-money: Kinokuniya or Booksdepository

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Meet Kinokuniya and Books Depository. The former has physical brick-and-mortar and online stores while the latter is solely an online retailer. For all the book lovers out there, I am sure these are some of the places we go in order to satisfy our book cravings. Kinokuniya was where I picked up my first book on investing. I summarised some of my thoughts on that book here. Since then, I … [Read more...]

My Insurance Policies

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Too expensive. A waste of money. I don't need insurance. I don't know how much I'm covered. My parents bought insurance for me and handles it.  These are just some of what people say. I've had some friends who said that when the topic is broached. Insurance isn't easy to understand at all! So many policies, so many insurers. To be honest, I'll still choose to let my parents handle it all. … [Read more...]

Thoughts on the Book: A Random Walk Down Wall Street

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Random Walk One in which future steps or directions cannot be predicted on the basis of past history Around late last year, I sat down with my first ever book on investing/finance: A Random Walk Down Wall Street. I didn't know what to expect then. At its core, the book says you should just buy index funds and make it the core of your portfolio, manage it passively. Of course, then buy … [Read more...]

POSB Invest-Saver RSP Update

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If I am to describe myself as an investor now, I will probably be an index investor. It has since been about 9 months ago that I subscribed to Invest-Saver. There were a couple of reasons that got me started. Firstly, I wanted to get started with stocks, secondly, learn about investing with a small capital and lastly, to discipline myself financially. 9 months on, how did it … [Read more...]

A Savings Account for National Servicemen (NSFs)

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  Good news for us in NS! Other than putting the allowance into other savings accounts that offer meagre interest rates, we have this option now! An option to save for the 2 years or 22 months of service. Introducing the POSB Save As You Earn (SAYE) account. I was truly excited for this when I got wind of this. Looking deeper, I made some comparison. I thought the CIMB … [Read more...]

Check your Eligibility for GST Voucher 2016!

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Come 20 June 2016, Singaporeans can check if they are eligible for the GST Voucher 2016 handout! You can check it here: GSTVoucher2016. On top of the regular GST voucher, there is a one-off Cash Special Payment this year. I was surprised that I was eligible for it last year even before crossing my 21st birthday. I'm all hands up for handouts! I hope I am eligible again! Of course, it … [Read more...]

Share the love!

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After opening a FastSaver account with CIMB 6 months ago, I can say I am a satisfied depositor. I took home a good $10 cash gift. I shared that happiness with my family and friends. Of course, some scoffed at the promotion and interest rate. I tried to convince them. I failed. That's alright. They are happy with POSB. Probably they didn't understand inflation. They didn't think $10 is worth the … [Read more...]

My Financial Goals

I have been without financial goals for most of my life up until 7 months ago. I began tracking my expenses on Excel and keeping a record. I also made it a point to read posts from bloggers and the Invest section of the Sunday Times regularly. The idea of indexing and passive income was something new and I am glad it came into my life now. All this reading have helped me along the way to better … [Read more...]

Putting Into Perspective

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I first came across this promotion shared by a financial blogger. This promotion was actually on the bank's page for quite awhile. I was excited. Like any typical Singaporean, I love freebies. Let's be realistic here. It's not some goodie bag, but actual cash. Sounds too good to be true? In this case, it is. The requirements are so simple. If you already have existing savings that you won't … [Read more...]

Book: Hard Truths To Keep Singapore Going

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This book, by Mr Lee Kuan Yew, is one of my most loved books. While I should just share my thoughts after reading it, I want to also pen down the reason why I picked it up.  In March '14, I went to Taiwan for a graduation trip with my friends. On the way to the hotel, upon knowing who we were, the taxi driver initiated a conversation about Mr Lee Kuan Yew. "It is the luck of Singaporeans to … [Read more...]

Going back to the reason why

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On a lazy Sunday, I aim to write about topics which I feel strongly about. There's just one problem, however. Right now, I have about 4 blog posts to write about. I have written numerous drafts and then deleted them. I did a mindmap for one topic, then went on to another topic because I was stuck in the first. It was like the days in secondary school where I wrote essays for the English paper. … [Read more...]

A Thought-Provoking Word of Why

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Do we all not ask ourselves "Why" every day? Why do we have to study? Why do we have to work? Why do we invest? Why are you here reading this now? One word. A word that fires up the neurons in the brains and forces us to put into perspective of why do we do the things you and me are doing, even right now. Why did I pen down my thoughts on what I felt about this video? Personally, I feel … [Read more...]

A Single Pot Of Jars Into Many Jars

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Ever since I've been using the 'Money Jar' way of accumulating wealth, I found myself changing in the way I think about saving and spending. This 'Money Jar' method is not new and in fact, many have been using this for a long time to allocate their income into different jars. How did it work for me? POSB Expenses Jar Self-explanatory right? I used the allocated money for daily … [Read more...]

That Winning Ticket

It's crazy. Every year, tens of thousands if not millions(statistics plucked from air) visit Singapore Pools and try their luck at Toto. This year, it is the hope of winning $13.9 million! What would I do with that much money? It's easy to say what one will do with that much money overnight. I believe if a person gets rich overnight without actually working hard for it, then it is difficult … [Read more...]

POSB Invest-Saver RSP Update

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It was about 3 months ago that I subscribed to POSB Invest-Saver Regular Savings Plan (RSP) amid all the global turmoil. This RSP buys the Nikko AM STI ETF(Ticker: G3B.SI) every month with the amount you set(eg. $100). There is another STI ETF(Ticker: ES3.SI) but you can't buy it with this plan. This 2 ETFs simply tracks the performance and try to replicate its returns of the Straits Times … [Read more...]

Transitioning into an ‘investor’

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Nobody said it was going to be easy. I admit that I feel like giving up sometimes. Well, it's only human to choose the easiest path out. For the second half of 2015, I have been actively seeking higher returns on my savings in bank accounts, been busy reading about the current economy, markets and checking the Straits Times Index (STI). After these few months, I'd would to think that I have … [Read more...]

On Retirement: A young Singaporean perspective

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A recent survey on Singaporeans worried about not having enough money for retirement (http://sbr.com.sg/hr-education/in-focus/money-no-enough-over-6-out-10-singaporeans-worried-about-uncomfortable-retirem) got me thinking. 'Only 36% of Singaporeans aged 40-60 are confident that their current nest eggs are enough to make retirement comfortable, while 30% expect that they will have to downgrade … [Read more...]