Author: Mad Stranger

How much can you withdraw from CPF at 55?

Earlier today, there was this article indicating that those who turn 54 this year are eligible for a new CPF retirement planning service (CRPS). There will be a one on one session to help the individual to understand the CPF scheme and plan for the options which will be available one year later when they turn 55. Article at:http://www.straitstimes.com/business/invest/something-to-plan-for-when-youre-54 In the same article, they also provided a few examples on how much you can withdraw at the age of 55. I feel that this is quite useful and will share here with some of my comments: SCENARIO 1Mr Raju’s...

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OCBC 360 interests changes again (Apr 2016)

Previously, I posted about the OCBC360 account and its interest revision in May 2015 http://madstranger.blogspot.sg/search/label/OCBC360 Currently, the account has the following interest components: If we ignore the “invest” component, most account holders can still earn an interest of 2.2% on the first 60k in the OCBC 360 savings account. In addition to this, you also earn an interest of 1% for any incremental balances. Starting from April 2016, there will be some changes to the interest components. The changes are as follows: The most important change is the bonus interest can be earned on the first 70k instead of...

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REIT Ranking – Nov 2016

Recently, quite a number of the REITs have been dropping quite substantially. Some have even fell below its NAV. Many investors are expecting a rate hike soon and REITs are heavily dependent on interest rates. With the prices falling, it may be a good time to start accumulating REITs again. I have computed the REIT ranking for Nov 2016 as follows. It has been a while since I computed the ranking. REIT Mkt Yield NAV Gearing P/B Total P/B score Gearing score Yield score Viva Ind Tr $0.750 9.601% $0.803 39.80% 0.934 6 2 1 3 Lippo Malls Tr...

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Credit Suisse Wealth Report 2016: Average wealth per adult rose 1.4 per cent to US$276,885 (S$394,000)

The annual Credit Suisse report is out for 2016. Some data that are of more interest to Singapore are as follows: 2016 Average wealth of a Singaporean: US$276,885 (S$394,000) The report also broke down this value to:Financial wealth per adult: US$180,414Non-financial wealth per adult: US$151,239  Debt per adult: US$54,768 2015 data for reference: Average wealth: US$273,085Financial wealth per adult: US$176,978Non-financial wealth per adult: US$150,145  Debt per adult: US$54,039 Non-Financial wealth comprises of mainly housing and land owned. My comments: The average income has rose by 1.39 % from 2015 to 2016.A large part of the average wealth actually comes from the property...

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STI ETF (Sep 2016)

This is a continuation of the tracking of the STI ETF which I stopped since the introduction of the minimum commission on the stanchart trading platform.I am still holding on the units for now. Any adhoc transactions will be updated accordingly. Details of all transactions for my rsp are logged here: STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 11,219.11 3500 $3.21 $2.89 -$1,104.11 -9.84% $557.60 Nikko STI ETF 0.00 0 $0.00 $2.96 $0.00 0.00%...

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stopping of STI ETF rsp

I have been doing regular savings plan (rsp) on the STI ETF for a while already. This was done under the Stanchart brokerage account which has a no minimum commission. Buying 100 units of STI ETF will only incur a commission of less than a dollar.  Details of all transactions for my rsp so far are logged here: STI ETF RSP However, with effect from August, this will no longer be applicable. Stanchart will be charging a minimum commission of $10. With this new charges, it will be very expensive to continue with a monthly rsp. I am exploring...

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STI ETF RSP (Mar/Apr/May 2016)

I bought 300 units of STI ETF at $2.78 today for my regular savings plan for the month of Mar/Apr/May 2016. Details of all transactions for my rsp are logged here: STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 11,219.11 3500 $3.21 $2.78 -$1,489.11 -13.27% $258.70 Nikko STI ETF 0.00 0 $0.00 $2.82 $0.00 0.00%...

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STI ETF RSP (Feb 2016)

I bought 100 units of STI ETF at $2.58 last week for my regular savings plan for the month of Feb 2016. Details of all transactions for my rsp are logged here: STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 10,383.03 3200 $3.24 $2.63 -$1,967.03 -18.94% $258.70 Nikko STI ETF 0.00 0 $0.00 $2.68 $0.00 0.00% $114.15...

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STI ETF RSP (Dec 2015 / Jan 2016)

I bought 200 units of STI ETF at $2.89 Earlier this week for my regular savings plan for the month of Dec 2015 and Jan 2016. Details of all transactions for my rsp are logged here: STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 10,124.39 3100 $3.27 $2.81 -$1,413.39 -13.96% $258.70 Nikko STI ETF 0.00 0 $0.00 $2.81 $0.00 0.00%...

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STI ETF RSP (Oct/Nov 2015)

I bought 200 units of STI ETF at $2.97 last week for my regular savings plan for the month of Oct and Nov 2015. Details of all transactions for my rsp are logged here: STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 9,544.95 2900 $3.29 $2.98 -$902.95 -9.46% $258.70 Nikko STI ETF 0.00 0 $0.00 $3.01 $0.00 0.00%...

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REIT Ranking – Sep 2015

It has been a while since I did the REIT ranking based on the P/B, gearing and yield. With many of the REIT prices dropping in the past week, I thought the REIT ranking would help us re-evaluate the various REITs at current pricing and yields. REIT Mkt Yield NAV Gearing P/B Total P/B score Gearing score Yield score Sabana REIT $0.750 9.627% $1.040 37.90% 0.721 7 3 1 3 OUE COMMERCIAL REIT $0.630 9.206% $1.100 37.90% 0.573 7 3 1 3 Viva Ind Tr $0.740 10.022% $0.830 38.90% 0.892 6 2 1 3...

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STI ETF RSP (Sep 2015)

I bought 100 units of STI ETF at $2.90 last week for my regular savings plan for the month of Sep 2015. Details of all transactions for my rsp are logged here:STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 8,949.47 2700 $3.31 $2.89 -$1,146.47 -12.81% $258.70 Nikko STI ETF 0.00 0 $0.00 $2.93 $0.00 0.00%...

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STI ETF RSP (Jun 2015)

I bought 100 units of STI ETF at $3.4 today for my regular savings plan for the month of Jun 2015. Details of all transactions for my rsp are logged here:STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 8,019.17 2400 $3.34 $3.40 $140.83 1.76% $136.20 Nikko STI ETF 0.00 0 $0.00 $3.44 $0.00 0.00%...

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STI ETF RSP (Apr and May 2015)

I bought 200 units of STI ETF at $3.5 earlier this week for my regular savings plan for the month of Apr and May 2015. Details of all transactions for my rsp are logged here:STI ETF RSP Snapshot of my current units: Counter Total Cost Total Units Average cost Last Done Unrealized Profit/ Loss UnrealizedGain / Loss % Realized Profit / Loss / Dividend STI ETF 7,678.32 2300 $3.34 $3.48 $325.68 4.24% $136.20 Nikko STI ETF 0.00 0 $0.00 $3.53 $0.00 0.00%...

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OCBC360 interest rates revision Part 2

The OCBC 360 changes are announced.  Changes include:1) “credit your salary” bonus interest increased from 1% to 1.2%2) “pay 3 bill” bonus interest decreased from 1% to 0.5%3) “Spend on credit card” bonus interest decreased from 1% to 0.5%4) “Spend on credit card” bonus interest spending criteria increased from $400 to $5005) new bonus interest: “insure or invest” bonus interest. To qualify, you must “purchase any new eligible financial product from OCBC of at least the minimum amount, such as Endowment of at least S$8,000 in annual premium, or investment products such as Unit Trust or Structured Deposits of...

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