Author: My 15 Hour Work Week

Passive Income Update: January 15

As the STI continues its steady and slow climb towards the 3,500 mark, many investors are lamenting lost opportunities. The cry that I hear very often: “MOST STOCKS are becoming far too expensive! I have missed the boat…” But is that really a logical statement? Not according to me. If you have read this article, you will realise that the STI is just an index of 30 companies, which is just a small percentage of the total number of companies listed on the SGX. As Singtel continues its upward climb everyday or every day, there are companies like MTQ that...

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Expenditure Update: January 15

I realised it’s been some time since I had logged in to the blog, not to mention doing some writing. So firstly, sincere apologies to those who had commented on the blog or emailed me during the past two weeks. Don’t worry, you haven’t been ignored and I will reply you as soon as things are more settled. Well you see, the blog was probably the last thing on my mind during the past two weeks. Mrs 15HWW was hospitalised two weeks ago and I was spending my time shuttling between my workplace, the hospital and home (just to catch up on some sleep). Although...

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Passive Income Update: December 14

Volatility in the market doesn’t seem to be abating anytime soon. Just today, the Swiss Franc shot up by almost 30% against the $Euro. I really don’t recall encountering such MASSIVE movements of “blue-chip currencies” in a single day and such unexpected jolts do spark fears. Moreover, nobody seems to know how low oil prices could go. It’s really about expectations and if it turns out to be more of a supply glut, we could be in for a boom. However, things could get ugly if it’s the other way round. On a more personal note, I have also opened up a...

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Stocks VS Properties: Painting An Equivalent Scenario

I find it amazing that besides these two posts (here and here) which more or less talks about the merits of purchasing a BTO flat, I haven’t really shared my views on property investment. Especially considering this is a Singaporean personal finance blog (Singaporeans are suckers for properties) and it has been 1.5 years and counting. Even though my investment portfolio consists of only equities and cash at this moment, I am definitely not ruling out investing in a 2nd property. After all, I believe that almost any type of investment assets (including Hello Kitty and LINE plush toys) can...

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Expenditure Update: December 14

With this month’s update, the 15HWW household has tracked its expenses conscientiously for 17 straight months (starting from Aug 13) and there’s also finally a calendar year of expenses. I would probably be spending some time in the next couple of weeks to dissect this huge amount of data which I am pretty excited about! (What a numbers geek I am… *sigh*) And let’s just start with the most obvious: The entire year’s expenditure After including this month’s expenses of $4104, both of us have spent a total of ~$59,000 for the whole of 2014. That’s 50% above the target of $40,000....

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2015 Goals

I will be perfectly truthful here and honestly declare that my track record of achieving goals set at the beginning of years is generally poor. Yeah, as poor as Liverpool’s shambolic defence. For the past 3 decades of my life, I probably have sat down for at least 5-6 times contemplating the targets I should be achieving in the year ahead. And by the end of the year, more likely than not, I could take the whole list and repeat it for the following year. Urgh… But luckily for me, I have managed to break this vicious cycle during the...

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2014 Achievements

As I keep hearing Justin Bieber’s Mistletoe playing on the radio (ok, I have to admit the tune’s pretty catchy and I quite like it), I realise that “the most beautiful time of the year” has arrived. No, it’s not just about those snow, X’mas trees and festive feasting. It’s also the season when I get to ruminate over what I have “achieved” during the past 12 months, in line with what I had done the previous year. It also serves as some form of a scorecard against the goals set for this year. To enjoy it further, I have even...

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Passive Income Update: November 14

I like to call myself a buy-and-hold long term investor. But as the year draws to a close, I find myself behaving more like a trader. Heck, there’s actually 4 transactions this month! I know that’s not a lot to many of your but I seriously can’t recall any month when I have been more active in my trades. On 20th Nov, I bought 2 lots of ST Eng @$3.36 to average down on my earlier position. There’s some bad news with regards to their aerospace division but I reckon that a P/E of 18 for such a defensive business...

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Why It’s Possible For Me To Take A 6-Month Sabbatical

Exactly half a year has passed since my last day at work in my previous job. Back then, I wrote a post as a commemoration and it invited a flurry of comments. Besides the many encouragements and well wishes, I noted that there were a couple of ominous warnings in there as well. Which was good because truthfully speaking, I don’t think it’s “possible” for most people to do what I did. You can call it unemployment/a transition/a sabbatical but the essence was that for half a year, I didn’t have to clock a 40 hour work week. That was the upside but the...

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Presenting The Case For Buying “A Little” Bullion

Last Monday, I braved the heavy thunderstorm to visit BullionStar’s shop front near Clarke Quay MRT. Even with an umbrella, I was more than half drenched and I guess the lady in the shop probably thought I was just a pesky passer-by coming in to seek shelter from the rain. But nope, I came in with a specific agenda and she was quite surprised as I quickly made a small purchase to buy 25 pieces of Canadian Maple silver coins. At that time, each coin costs slightly less than $25 and this was my first-ever bullion purchase. To be fair, there was...

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Expenditure Update: November 14

It was another month of average spending that amounted to about $3,700. It’s remarkable that even with one salary, we are probably still able to save $1,000 of the take-home pay. And both of us really doesn’t feel “deprived” in any material sense. In fact, I do think that we are spending comfortably. With regards to November’s challenge, I would say that it failed quite terribly. No doubt I exercised more this month than any other for the past few months but earlier in the month, I pushed myself even though my body was telling me to give it a rest. There...

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When I Had My First ……

Most of us have an on-going battle with money. And that includes money bloggers like me. On one end, you have people trying to stop the pain. Their personal finances, mortgage payments and credit card debts have careened out of control. To make matters worse, the negative impact has inevitably spilled over to every other aspect of their lives and they are literally drowning in financial despair. On the other side, there’s people who understand the rules of money pretty well. Investments, interest rates, compounding effects and the like. For these people, the bigger threat is becoming obsessed with money. On first appearance,...

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Could We Retire Today?

That’s the ultimate question, isn’t it? For most of us who are intensely saving our incomes and then investing those savings, it’s all about achieving that holy grail: Financial Independence When you reach that stage, there isn’t a need to trade time for money anymore. You are free to walk away from that mundane job and pursue your own interests (whether they are making money or not) at your own pace and time. Since I am currently not working now, I was wondering if it’s possible for the Mrs to also stop working? Or in other words, can we increase our...

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Passive Income Update: October 14

One really can’t predict the market, eh? As of now, the STI at 3,315 isn’t that far off the year high of 3,371. And how fast sentiments change. Just a month ago, I have to admit I was a little jittery at the volatility in the stock market. With the STI dropping from a high of 3,350 in mid September to 3,150 in a month’s time, many were anticipating the 3,000 mark to be breached. Including yours truly. And I doubt I was alone in extrapolating this short trend. Silly me. Nonetheless, the jitters was a good signal to...

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Weekend Reading For Novice Investors

I believe that more often than not, you skim through most of these (not exactly short) posts of mine. I know that because occasionally, I succumb to that too.  In a perverse way, there’s simply too much information to digest online these days and I honestly don’t expect you to read through every word of every article on this blog, especially with so many other impressive bloggers out there competing for your eyeballs.  However, I do hope it will be different for this article, especially if you’re a novice investor. Besides the fact that I have spent many hours drafting this post, I...

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