Author: Lizardo Realm (Investment)

Grabbing to $11,000 a month

Ah no, I did not spend $11,000 a month taking Grab. No, no, no. I came across yet another interesting person when I took a Grab ride home. It started with a simple question on whether he drove this as a fulltime job. I was surprised to learn that he drove 7 days a week, 15 hours a day!  That’s hard work. When asked how much he made, he said it used to be $15,000 a month when incentives were good. This was net of expenses. But these days, he could only make $11,000 a month. That is quite...

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Bill Gates Wants to Give Me $5Million

I received the following e-mail recently.  What’s your reaction? I hope this information meet you well as I know you will be curious toknow why/how I selected you to receive a cash sum of $5,000,000 USD), our information below is 100% legitimate, please see the link below: please see the link below: https://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundation I BILL GATES and my wife decided to donate the sum of $5,000,000 USD) to you as part of our charity project to improve the 10 lucky individuals all over the world from our $65 Billion Usd I and My Wife Mapped out to help people....

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Watch your eyeballs!

Aging comes with many annoyances.  Most come with signs and symptoms, or preventive checks from various markers could provide an early heads-up to cause some level of panic. But the most insidious types are those where NOTHING is noticed. If one were to poke the eyeball, do we feel pain?  In some movies, a person is being tortured with some scary looking object, threatening to pierce the eyeball. We feel so much pain even before it has breached.  Cringe.  But it seems there is no sensation to be felt on the eyeball itself? In any case, it was a...

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What are the ways to put money INTO your CPF?

Reader ‘Adam’ has been sharing a lot of information from his experience as a post-55er.  Here’s another that he shared on ways to put money back into the CPF accounts, which I thought was worth reposting to share to a wider audience who might have missed his comments to another post. Some people seek ways to extract money out of CPF, and certainly would not be looking at putting money into it!  So this might come across as being strange and would not resonate with that audience. Hah. So skip this if you fall into the above category. But...

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Quit Like a Millionaire – The FIRE Strategy

Have you read the book “Quit Like a Millionaire” by Kristy Shen and Bryce Leong yet?  They offer a pretty compelling approach to achieve FIRE. Their broad FIRE strategy is as follows: Have a global medical insurance policy in place. Determine investment portfolio needed – i.e. Annual_Expenses x 25. Invest in low-expense Exchange Traded Funds (ETF) that track indices for a balanced equity-bond portfolio.   Weigh it more heavily with higher-yielding ETFs for the initial 5 years to reduce the negative impact of retiring in a downturn market – i.e. mitigate against sequence-of-return risk. Perpetually withdraw at a 4% rate...

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End of Life –

Browsing around books on Personal Finance at the Library, there are plenty of books with exciting titles screaming out for attention! But here’s one that probably wouldn’t naturally draw interest. Would you borrow it to read? It’s one of those subjects that don’t excite, but when the time comes, there is just no time left to read! Give it a go. It’s an easy read. Related:Dilemmas dealing with end of lifeEnd of Life – Death CertificateEnd of Life – How much does a funeral cost?End of Life – What happens to your...

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How are the excess CPF funds withdrawn after meeting the Full Retirement Sum?

Presuming that at age 55, you have the necessary CPF Retirement Account (RA) funded, what happens to the rest of the ‘excess’ money in the Ordinary Account (OA) and Special Account (SA)?  Can we withdraw freely, and how in what order will it be withdrawn from the respective accounts? Here goes the responses from CPF Board … Question: If there is still balance in my SA after deducting the sum for RA, will it remain in the SA, or will the balance be transferred to OA?It will remain in the SA. Question: And thereafter, is it correct that any...

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How will the CPF Retirement Sums be formed upon age 55?

So we have heard about the various CPF retirement sums, i.e. Basic (BRS), Full (FRS) and Enhanced (ERS), which gets committed upon reaching age 55, and for which these will generate lifetime of payout from age 65 onwards (or deferred till age 70 if so decided). Here’s an interesting response that a friend of mine obtained from CPF Board on his queries. It provided details on how the FRS and ERS will actually be formed. —[edited extract] Question 1: Instead of FRS or ERS, can I choose any amount that is in between, even though I have enough for...

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Maximising CPF Post-55

It’s really great to hear from the post-55ers on their interesting ideas and experience in maximising retirement benefits.  Here’s one from ‘Adam’ that cropped up in a previous conversation which I found especially interesting … (re-posted with edits): —OA: Ordinary AccountSA: Special AccountRA: Retirement AccountFRS: Full Retirement SumERS: Enhanced Retirement Sum— How do you protect your SA money from being taken to form the RA upon reaching 55 years old? As it stands now, money in the SA earns 4% pa of interest. Likewise money in the RA also earns 4% per annum of interest. For those 55 years...

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Using CPF-OA as a High-Yield Savings Account

Property is really expensive in Singapore. For most, buying a home is pretty ingrained as a basic need to establish a family. So it is often the case that we would tap on our CPF as a source of cash to fund the purchase of a house. We are poor savers, by and large, particularly at the tender ages of 20’s to 30’s. Being new in our career, with a salary at its lowest point, and yet filled with floords of commitments and distractions. Plus, we’re probably dead silly in the way we manage our money anyway. So we...

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Rise of the Financial Ruler – by Paul See

Reading stuff on the mobile phone is quite an addictive thing. But I think we are all going to experience increasing cases of eye problems in time to come. As it is, my eyes blur out and lose focus after staring at laptop screens and mobile phones all day long. Hourly breaks are recommended. So it’s probably good to break off and read books and magazines when I don’t really have to be stuck to these electronic hypnoses. The libraries are stocked full of options. And the National Library Board has been setting up shop at places where people...

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End of Life – How Much Does a Funeral Cost?

Of the multitude of things we examine into concerning our personal finance, investments, medical costs and such, FUNERAL is certainly not something that I would have gone around to actively find out. But when the need comes, there is little time to think, nor are we likely to be in the optimal state of mind to weigh options carefully. There is an emotional factor at play. So I guess we would tend to just go with the flow? So just how much does it cost? For sure, it varies over a wide range, from the basic to the exorbitant...

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15 Ways to Save Money, Redux

Was watching this YouTube video by Lavendaire on 15 Ways to Save Money (YouTube) She is based in Los Angeles. So these 15 ways to save money might have a certain slant towards American consumerism. But here’s a quick summary of the 15 ways, and my thoughts on some of these points: “1. Use cash instead of credit card”. You will realise how much you are actually spending. Credit card charges high-interest rates if the debts are not paid in full. By using case, you will be pending what you have, versus spending on borrowed money. I think it’s just a...

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Using Leverage for REIT Investment

So here’s a play I came across, mentioned by a number of people:Worked for a few years, saved some money. Let’s say $100,000. Take that $100,000, borrow some (leverage), say at an interest rate of 4%. Let’s assume $100,000 + $100,000, giving a total capital of $200,000. Put everything in REITs, yielding say 6% annually – i.e. $12,000. Pay $4,000 in interest. And still, make $8,000. That’s an 8% yield over a starting capital of $100,000! Sounds good right? The numbers seem credible under such a low interest rate environment. Let’s play out this scenario … There is an...

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