Author: My Sweet Retirement

Free 2GB of Mobile Data Per Day

TPG Mobile is offering a free 12 months trial on their mobile service right now. I bet no Telcos in Singapore can offer you free 2GB of mobile data per day except TPG mobile. My current mobile plan offers only 3GB of data per month! For those who are interested to sign up for the free trial, you can do so at their website. But please do take note that the registration is closed once they have enough registrations for the day. Even though their website has mentioned that they will open registration daily at 9am, the registration remained...

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Singtel Power Fixed Price Plans

This is probably old news. I only found out today that Singtel and Geneco has announced a partnership on 10th January 2019 to offer Geneco electricity plans. Singtel will be reselling these plans through Singtel Power. Since the electricity re-seller scheme has not been rolled out in the area that I am staying, I am still paying for electricity to SP Power (SP Group). Below is the plan advertised by Singtel Power which looks very attractive to me as it offers up to 30% savings. Fixed Price plans Fixed Price plans Discount off the Regulated Tariff plan Contract term...

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12 Months Time Deposit Promotion Earns You 2.05%

While I thought CIMB currently offer the best fixed deposit promotion at 1.90% per annum, I found another fixed deposit promotion that offers even higher interest rate at 2.05% per annum! Maybank offers an interest rate of 2.05% per annum for 12 months time deposit. The promotion has been ongoing since 17 January 2019 and I wonder why I didn’t find this when I googled for fixed deposit promotions. As mentioned previously, with the interest rates of Singapore Savings Bonds declining, short term fixed deposits may not be a bad idea to park your money which easily earns you...

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CIMB Chinese New Year 2019 Fixed Deposit Promotion

Looking for somewhere to park your Ang Bao money? Well, I always looked for Chinese New Year Fixed Deposit Promotions every year during this festive season. However, there are not many banks offering special higher interest rates because of Chinese New Year. The best one I have found so far is from CIMB Bank. CIMB Bank is offering an interest rate of up to 1.90% per annum. This is in fact the same as what CIMB has offered during their Birthday celebration and last year Christmas. With the interest rates of Singapore Savings Bonds declining, CIMB’s fixed deposit promotion...

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My Sweet Retirement Goals for 2019

I should have done this last year back in December 2018 but honestly, I didn’t know what I wanted to achieve in the year 2019. Goals have to be SMART (S – Specific, M – Measurable, A – attainable, R – relevant, T – time-based). Giving myself 1 month to think about it, here are the things that I wanted to focus on in the year 2019. #1 Achieve 11K of Passive Income The total amount of dividends collected in the year 2018 was $9,789.19. I have not met this goal in 2018. I am still $1,210.81 away from my goal...

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March 2019 Singapore Savings Bonds is 2.18%

Oh well, this month’s Singapore Savings Bonds may not be the best place to park your Ang Bao monies. The effective interest rate for March 2019 Singapore Savings Bonds (GX19030Z) is 2.18% if you held it for 10 years. As you can see from the chart above, the effective interest rate has dipped further from 2.20% to a pathetic 2.18%. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises. If you didn’t know yet, SRS applications for...

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Summary of January 2019 Transactions

We are at the end of the first month of the year 2019. There are no major changes to my stock portfolio this month except for the regular monthly purchase of Singapore Savings Bonds. It will be exciting next month as we can use our monies in Supplementary Retirement Scheme (“SRS”) funds to purchase Singapore Savings Bonds with effect from 1st February 2019! This month, I attended a two day seminar (Alpha Summit) organized by The Fifth Person. The event was packed with lots of contents where they share with us the importance of free cash flow etc. Moving forward,...

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Frasers Logistics and Industrial Trust Declares Lower DPU in Singapore Cents

Frasers Logistics and Industrial Trust announced their 1QFY19 financial results on 24th January 2019. The manager has declared a Distribution Per Unit (“DPU”) of 1.78 cents. This was a 1.1% decline as compared to 1.80 cents in 1QFY18. If we looked at the Distribution Per Unit (“DPU”) in Australian cents, the Distribution Per Unit (“DPU”) was 1.81 cents as compared to 1.70 cents in 1QFY18. The reason for lower Distribution Per Unit (“DPU”) in Singapore cents was because of a lower average hedged rate for 1QFY2019 at A$1.00 :S$0.9820. Foreign exchange risk is one key risk when investing in...

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CapitaMall Trust DPU for 4Q2018 is 2.99 Cents

CapitaMall Trust has announced their 4Q2018 financial results on 23rd January 2019. It was quite amazing CapitaMall Trust is still able to increase its distribution per unit (“DPU”) quarter on quarter. Distribution per unit (“DPU”) for 4Q2018 was 2.99 cents, 3.1% higher than the Distribution per unit (“DPU”) of 2.90 cents for 4Q2017. Based on CapitaMall Trust’s closing price of S$2.27 per unit on 22 January 2019, the annualised distribution yield for 4Q2018 was 5.22%. According to the presentation slides that was released by CapitaMall Trust, most of the asset enhancement works that are ongoing last year has been completed....

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Alpha Summit 19 – 20 Jan 2019

While others spent their weekend shopping for the upcoming Chinese New Year, I spent my weekends at the Alpha Summit event that was organized by The Fifth Person. The event was packed with mind blowing contents that are all related to stock investing, stock portfolio management and investing experiences sharing. I am proud to attend the event. At the event, we were taught how to spot ten bagger stocks by looking at the free cash flow on equity. I also learnt that asset light businesses can scale without excessive capital which means asset light businesses can grow at a...

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Book Review: GRIT – Why Passion and Resilience are The Secrets to Success

I have been reading this book recently that leaves me pondering. How did some financial bloggers achieve F.I.R.E (Financial Independence, Retire Early)? How did some people become successful at work and get their job promotion? How did some entrepreneurs become so successful at their startup? I spoke to some of my friends about these questions. They told me it is related to “Talent” or “Fate” and if you are not talented at stock investing, you will not achieve F.I.R.E. Their answers definitely are not satisfying. I found my answers in this book I found. This title of the book...

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My Sweet Retirement Tops Up Medisave Account Using Cash

If you didn’t know yet, the basic healthcare sum (BHS) has increased from S$54,500 in 2018 to S$57,200 in 2019. Based on information from the CPF website, monies in the Medisave Account (MA) and Special Account (SA) earns up up to 5% interest rate per annum. Monies in the Ordinary Account (OA) earns up to 3.5% interest per annum. With the increase in limit for the basic healthcare sum (BHS), we can take the opportunity to top up our Medisave Account (MA) using cash. There are several benefits of hitting the current limit (S$57,200) of your Medisave Account: Tax...

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February 2019 Singapore Savings Bonds is 2.20%

I must say this is not a fantastic start for Singapore Savings Bonds for the start of the new year 2019. The effective interest rate for February 2019 Singapore Savings Bonds (GX19020V) is 2.20% if you held it for 10 years. As you can see from the chart above, the effective interest rate has dipped from 2.45% to a pathetic 2.20%. However, as usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. I am excited this year as I will...

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My Sweet Retirement Annual Review of 2018

Today is the last day of the year 2018 and tomorrow we are welcoming the year 2019. It is also during this same time whereby I do some self reflection across my investments, work and family. Personally I felt that the overall stock market this year was a roller coaster ride impacted by the US trade war with China, US government shutdown etc. All these events seems to have send negative reactions across stocks markets. These world wide events has strengthen my believe as a dividend investor whereby the worst case is that you still get paid dividends when...

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Book Review: Everyday Tidiness – 365 Ways to a Decluttered Life

As the year 2018 comes to an end and we are welcoming the year 2019, I started to think about what I want to do in 2019. Recently, I came across this book at the National Library. The title is “Everyday Tidiness – 365 Ways to a Decluttered Life“. It is a simple book that provides a tidying tip, a decluttering exercise or inspirational quote for every day of the year. I am halfway reading the book and one of the thing I have done immediately is to throw away or recycle some things that is taking up space...

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