Author: My 15 Hour Work Week

Our Net Worth – 2015 Edition

Last August, after I left my first job, I bared our total net worth on this blog. Since then, many things have happened. The Mrs left her cushy regional marketing role (too stressful and busy) in April earlier this year and I left another job just two months ago. Therefore, it’s not surprising to find some changes to our net worth. Honestly speaking, since our work density (cool term?) was probably around 60% – 70% for the past year and with the markets tanking in the past quarter, I was expecting the net worth to drop, or at most stay constant. But...

Read More

Expenditure Update: September 2015

I realise I have been writing these monthly expenditure updates for more than 2 years already! Although I can never guarantee that they are 100% accurate, (hmm… does the Mrs hide anything from me?), I doubt the degree of error is more than 5% or even 3%. Yeah, both of us love telling the world how awesome our life is despite our “below average” expenses! And yes, September’s expenditure helps to lower our monthly average for the past 3 quarters. And since I am struggling to come up with something humorous or witty for this post (the Mrs has...

Read More

Some Thoughts On The First Issue Of SSB

1. SSB Was Massively Under-Subscribed Honestly, I was thinking if the Mrs would get her full allocation for the first issue of the Singapore Savings Bond. She applied for $5,000 in the middle of September. The 2.63% of returns isn’t fantastic, but definitely not to be sneezed at for what is essentially a risk-free rate. But it seems we are the rare few that thought this way. In the end, all applications (up to the maximum limit of $50,000) were accepted. According to this document, MAS actually prepared $1.2 billion for this first issue but only slightly more than...

Read More

Luxury Items: It’s Not Just About The Sticker Price

In terms of materialism, it’s often said that women’s weaknesses lie in handbags and jewellery. As for men, it’s perceived to be watches and cars. As a Taurus who definitely can appreciate aesthetics and comfort, I get tempted by luxury too. Yes, this guy has “arrived”… And to be honest, if it’s just a high upfront sticker price, I might be willing to save up for one or two of these items. But I have found out that that’s simply not the case, especially for cars and watches. Cars Don’t get me wrong. I have no intention of getting a car,...

Read More

Passive Income Update: August 2015

The stock market has been moving sideways for the past month and is somewhat muted, especially if we compare it against the previous month. The much anticipated General Election and the mooted Fed rate hike has come and gone. And even though the PAP won big and there was eventually no rate hike in September, it’s still not enough to trigger the Straits Times Index to go back up to the 3,000 level. However, I have been really active lately, especially during end Aug and the start of Sep. All the shares of Spindex was sold on 24 Aug as...

Read More

3 Investing Lessons I Learnt From The Recent Haze

Just yesterday, I met some friends for lunch at Dhoby Ghaut. After they returned to their office for work, I realised I had both some time and some calories to burn. I had a movie date with the Mrs at night (I hope you are not surprised that we do that occasionally) and there was still another 4 hours to go. So, I brainstormed. And came up with the best solution I always have in the back of my mind: Taking a leisurely 20 minutes stroll to Kinokuniya @Ngee Ann City Unfortunately, I changed my mind when I stepped out...

Read More

Why I Am Relieved At The Landslide Victory For PAP

Since a few months back, I have been quietly revealing to some friends that I actually anticipated a 70% popular vote share for the ruling party. And obviously, I got some weird stares back. People thought that I was either a die-hard support of PAP or I was just some hopeless optimist. But no, I was just a realist. This is SG 50, Lee Kuan Yew had just passed away half a year earlier and the PAP had shown that they had are more left-of-centre now, with policies and schemes like the Pioneer Generation Package, SkillsFuture and of course, MediShield...

Read More

Why CPF Should Not Be Returned At Age 55

As a non-politically apathetic young adult in Singapore, I have been tuning in to some election rallies during the campaigning in the past week. To be honest, I have been surprised at the amount of gibberish uttered by all the political parties (like the one below on how the inability of every Singaporean to obtain the 5Cs is a government failure). [embedded content] But what didn’t surprise me was the populist clamour for a minimum wage, reduce the number of foreigners in Singapore and of course, allow Singaporeans to withdraw all their CPF at 55. In the past few years, the government...

Read More

Expenditure Update: August 15

August proved to be another “high-expenses” month. Close to $5,000, which is easily at least $1,000 higher than the usual. I could point to two chief culprits: The one week experience of spending holiday money in Singapore and of course, a new sofa (our saving grace was that it was a display piece). Nonetheless, as I get more used to my new lifestyle of not having to report to an office (hopefully from now till forever) and that we are not planning for any holidays from now till the end of the year, the expenses should come down. When I am...

Read More

Weekend Reading: 29 August – 4 September 2015

This week’s articles and my reflections on them are detailed below. And as usual, any feedback would be warmly welcomed. (To understand the genesis behind this weekly series, click here.) How You Should Be Behaving In The Stock Market Most of the time, you would be better off just investing and forgetting about the market. The more you look at how much the prices of your holdings have fallen, the more likely you will “buy high, sell low”. The longer I stay in this investing journey, the more I am inclined towards a simple, mechanical strategy to navigate the markets and...

Read More

Singapore Savings Bonds: Get Ready To Pump Your Emergency Funds

So the details of the 1st tranche of the Singapore Savings Bonds were announced yesterday. Basically, if you hold the bonds for the full duration of 10 years, you would receive a promising 2.63% average annual return. I wrote a post on this product about half a year ago, when the concept was first introduced by SMS Josephine Teo. And in light of Lee Kuan Yew’s passing then, I actually alluded SSBs to being Ah Gong’s present to conservative investors. Coincidentally, the announcement made yesterday coincided with nomination day for the 2015 General Elections in Singapore. I watched both the news on Channel...

Read More

Experiment: Wasting $1,000 in Singapore Instead Of Travelling

During October 2013, close to two years ago, I went on a 4D3N trip to Bangkok with Mrs 15HWW and her family. And I subsequently wrote a post stating why I don’t really enjoy typical vacations, especially to places like Bangkok or Hong Kong. Interestingly, a short vacation was on the cards early this month. I decided not to pursue a career in teaching and Mrs 15HWW was only due to start work in the middle of the month. But somehow, I managed to persuade the Mrs that we should stay in Singapore. It did help that the Speaker of Parliament urged...

Read More

Weekend Reading: 22-28 August 2015

This week’s articles and my reflections on them are detailed below. And as usual, any feedback would be warmly welcomed. (To understand the genesis behind this weekly series, click here.)   Navigating A Volatile/Bearish Stock Market   As I am typing out these words, the Straits Times Index is hovering at around 2,990, and likely to end up higher than the previous week. Simply amazing, considering the local index dropped a massive 127 points on Monday, just four days ago. Many were anticipating the worst, fearing/looking forward (depending on how much you had vested) to a big bear. This has somewhat subsided, after...

Read More

3 Reasons Why I Do Not Want The Stock Market To Crash

The benchmark Straits Times Index dropped an incredible 127 points and fell 4.3% on Monday 24 August 2015, its biggest one day drop for close to 7 years. And looking at how the market is performing today (at the time of writing), it could be a matter of time before we break below the 2,800 mark? I think after the massive volatility and market declines in the past few weeks, I would not be surprised if some investors are left looking like this: I really wonder how these gifs are made. Can a cat really behave like that? At the same time,...

Read More

What’s Our Real Cashback % From The OCBC 365 Credit Card

Even in this small island Singapore, the amount of credit cards available to one is staggering. For instance, UOB alone provides up to 16 types of credit cards! (I seriously wonder if UOB has ever granted these 16 cards to one individual.) And I wouldn’t be surprised if there are up to 100 different credit cards to choose from in the local market.  Visa, MasterCard & Amex! I wanna own them all? And seriously, I doubt there is a “best credit card” strategy out there, despite what many credit card experts say. In my view, a lot depends on: Which...

Read More

Like us on Facebook

Follow us on Twitter