Author: My 15 Hour Work Week

Portfolio Update: August 2018

I thought I could finally mention this phrase “a rising tide lifts all boats” but the Turkish Lira crisis in the past week put paid to that. Nonetheless, it’s still a good month. The entire portfolio remained quite resilient for the past month and with a few thousand dollars of injection, the value of the portfolio finally breached $450,000 after a few months of hard tries. Like the entire stock market, the portfolio has not done too well for 2018 thus far and it’s mainly  capital injections and accrued interest that helped to grow the portfolio. Hopefully, I can...

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4 Insights For Potential Car Buyers In Singapore

On hindsight, the previous article on car costs was more click-bait than anything. Really, this article’s the real distillation from a few weeks of reading up. Hopefully, the content provides some real and unique insights to people who are pondering over the decision of buying a new car in Singapore. And yes, I won’t be blabbering about cars again until I pull the trigger, if I ever do. =p And on a side note, argh, if only ERSG wrote this useful article on owning a car frugally way before I spent so many hours camping in the My Car...

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The “How Much Does A Car Cost?” Guide …… For Ourselves

I realised I haven’t been blogging for a couple of weeks. That’s because I have been kept pretty busy, spending precious time around My Car Forum, researching on car ownership costs, car models, reviews and of course, visiting car showrooms on weekday mornings and blablabla… All these were triggered by the sharp fall in COE prices in early July, which caused me to revisit my car conundrum which I wrote about 2 years ago. And since I know there are quite a few people around me (including financial bloggers) pondering over the purchase of a car, I shall share what...

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Portfolio Update: July 2018

The overall stock market is finally showing some signs of stabilising after a few consecutive months of poor performance. The portfolio remained flat despite a few thousand dollars of capital injection. Injections could become even more muted going forward as we seriously consider the possibility of buying a car. The big news this past month was the property cooling measures, with additional ABSD and lower LTV limits. With little exposure to both developers as well as banks, the portfolio emerged relatively unscathed. But just to show how poor a market timer I was, I bought some Capitaland shares a...

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Coping Mechanisms In This Falling Stock Market

So the STI ETF has fallen from a peak of 3,600 in early May to around 3,200 right now, a more than 10% drop that puts us at correction territory. Honestly, it’s not much for now, although we cannot rule out a repeat of 2015 (a more significant 25% plunge). From what I have observed, some people are getting uneasy with the developments. It’s funny how one is always more affected by stock price dips as compared to property price dips. If a potential buyer of your house offers 10% lower than than two months ago, you will just...

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5 Years On… Is The 15HWW Still Relevant?

How time flies. It’s been 5 years since I started this blog and wrote my first ever post. I would say I have proven to be one with pretty good foresight (more obvious example is marrying the Mrs). Instead of targeting a full-fledged retirement, I had aimed for a 15 hours work week and semi-retirement then. But what I had gotten wrong was the timing. I thought I would only be doing self-employment after accumulating a sizable stash of at least $500k in my mid-thirties. But I pulled the plug on my first job before I even turned 30....

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Four Integrated Services by NTUC To Reduce Cost of Living

NTUC is not resting on their laurels. They have been actively collaborating with both the public and private sector to provide relevant products and services at a lower cost. All these to reduce your cost of living and improve your lives. I truly believe that NTUC’s efforts are underrated and not fully appreciated by most Singaporeans. Don’t believe me? I am willing to bet that you have not heard of ALL 4 initiatives that I have written below. Read on and find out what you have been missing! Case Study 1: Kampung Admiralty This is by far my favourite...

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Portfolio Update: June 2018

It’s been a couple of horrible months for the stock market. Our portfolio was not spared as it went down by more than 1% even after a few thousand dollars of capital injection. So kudos to those who manage to grind out a positive return during this period. But was May and June really bad for ALL investors? For investors with lots of cash on the sideline, this could actually represent an opportunity to plow some funds back into the market. I am not sure about the US market, but the index feels reasonably priced for the Singapore and...

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The Art Of The Good Life #7: The Ovarian Lottery

  I first heard about the Ovarian Lottery when reading Warren Buffett’s autobiography. He is an extraordinary investor, but he himself remarked that if he had been born somewhere in the middle of Asia, he would be destined for a life as some type of labourer. Most likely, he would end up very very ordinary since he would not be able to utilise most of his innate talents. This kind of thinking helps Buffett to justify pledging most of his wealth away and also motivate other billionaires to follow suit. So basically, the aim of this chapter is to...

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5 Reasons Why You Should Get A Seat For Investors Exchange TODAY!

After overwhelming response and a very successful pilot run in 2017, BigScribe is back with another edition of Investor Exchange this year. You can find out more about the event from this link. Investors Exchange 2018 will be held on 14th July 2018 (Saturday) from 1 pm to 5 pm. If your schedule is open on this day, here’s 5 reasons why you should immediately reserve a seat right now! 1. Learn Applicable Strategies To Beat The Market It’s not impossible to beat the market. But it’s incredibly difficult. If you are picking stocks to supercharge your returns, you are...

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Expenses Update: May 2018

It has been quite a hectic month. I was kept busy with the Crazy Rich Asians trilogy and also spent a week overseas at a resort. This helps to explain why I have not been blogging much lately. With the June holidays here, I can finally catch a breather. Since most of the expenses of the trip (resort stay & air tickets) were already accounted for half a year ago, we only spent an additional $400 on a day trip out snorkelling and on some other miscellaneous expenses like food. Therefore, it’s not surprising that the expenses barely passed...

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Why I Like And Use NAV

I really like the NAV initiative… almost up there with strawberry champagne on ice 1. Helps Set Budgets & Track Expenses Tracking expenses is a big part of this blog. In fact, I have been consistent in publishing our monthly expenses for the past 5 years. That’s about 60 updates so far and this also shows you how much I believe in this habit. Well, whatever gets measured tends to get optimised. Not surprisingly, I have had quite a few readers asking me which budgeting or tracking app I would recommend. I don’t always have a good answer but...

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Portfolio Update: May 2018

This is a pretty good month for the portfolio. The USD and HKD finally appreciated against the SGD and some of the DWI picks also rebounded. Organically, the portfolio was up by close to 1%. It was also a very active month as I sold quite a few counters to take some money off the table and lock in some gains. This trend will likely continue in the upcoming months if the market continues its upward climb. I am also trying out “lower commission” platforms like the Vickers Cash Upfront option (for buying local stocks) and the FSM One...

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The Art Of The Good Life #6: The Negative Art Of The Good Life

This is definitely one of the most useful chapters in the entire book. In many aspects of life, doing or even ascertaining the “right” things is notoriously difficult. However, the “bad stuff” to avoid would receive almost universal nods. Therefore, there’s alot more utility to be gained from eliminating the downsides. Diet Should you follow the Healthy Plate recommendations from the Health Promotion Board or maybe you should adopt a Keto diet and eliminate carbohydrates from your diet? Maximum of 2 eggs a day? Or even up to 4 is alright? And are fruits a healthy snack or are...

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The Art Of The Good Life #5: Counterproductivity

This is one of the few chapters in the book that resonated really strongly with me. Counterproductivity is a natural phenomenon that counteracts measures/behaviour that attempt to raise our productivity. Cars increase our transportation speed but we are staying further and further away from our workplace. Computers, emails and smartphones make us more productive at work but we are spending more and more time on them. The most classic case of counterproductivity in personal finance is painstakingly setting aside cash into a saving account that yields 2% while servicing debts at >10% interest at the same time. This concept...

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