Author: New Academy of Finance

How you can maximize tax benefits through strategic SRS contribution and withdrawal

While most Singaporeans would be familiar with the Central Provident Fund (CPF), most might still be unaware of the Supplementary Retirement Scheme (SRS). Check out the Ministry of Finance (MOF) comprehensive writeup on SRS Table of Contents What is SRS? This is a voluntary savings scheme that encourages one to save for retirement. As some would know, the main benefit of an SRS account is the tax relief that it accrues. For example, if you contribute an amount to your SRS account up to your SRS contribution cap by 31 Dec 2019, you will be able to enjoy tax...

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WEEKLY ROUNDUP – ACADEMY’S FINEST VOL 2

The Weekly Roundup – Academy’s Finest is a collection of my favorite blog posts, podcasts and other useful contents that I have enjoyed over the past week. I will be releasing this series of posts with a short summary of the content for easy summary. My goals is to share quality content (or what i think are amazing stuff) in an easy to digest format for my readers. In the meantime, I will also like to pay tribute to these wonderful content creators all around the world, not just here in Singapore. Please share any great blog posts or podcast episodes...

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Singapore Health Insurance cost 200-300% Lower than US. For Real?

Table of Contents Are you overpaying for health insurance? Lately, I have been doing a little reading up on health insurance in Singapore. The interest was ignited by online personal finance articles pertaining to health insurance cost in the US. From my analysis, the typical health insurance cost a 41-year old typical Singaporean would pay is approx. SGD1,700/annum while the average 41-year old American will pay USD4,740/annum. Read on for more details. US health insurance cost getting out of hand? According to Financial Samurai in his article: The Average Cost of Family Health Insurance is Now Outrageously High, he...

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Buffett series: Idexx Laboratories

Idexx laboratories: A company trading at 60x PER. Would you buy it? That was the first thought that cross my mind. To be honest, I have got no clue what the business of the company was. I was first introduced to this counter as it was a recommended Starter Stock by Motley Fools. Source: Gurufocus So I briefly took a look at its financials from Gurufocus and came away pretty impressed by its past decade of financial performance. The company registered earnings per share (EPS) growth in every single year over the past 10 years! Pretty impressive feat for...

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10 “Must-have” Stocks favored by Motley Fools US

Motley Fool has a list of 10 starter stocks which new investors looking to build up a long-term portfolio should seriously consider. You should feel comfortable holding these stocks for the long haul and not be spook by market volatility. These stocks not only have the financial strength to ride out economic downturns but also have powerful growth characteristics embed in its business model to ensure operational longevity. Table of Contents 8 traits of a Starter Stock Green Circle: Like a beginner’s ski slope; easy to grasp So David or So Tom: At the heart and soul of the...

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Weekly Roundup – Academy’s Finest Vol 1

The Weekly Roundup – Academy’s Finest is a collection of my favorite blog posts, podcasts and other useful contents that I have enjoyed over the past week. I will be releasing this series of posts with a short summary of the content for easy summary. My goals is to share quality content (or what i think are amazing stuff) in an easy to digest format for my readers. In the meantime, I will also like to pay tribute to these wonderful content creators all around the world, not just here in Singapore. Please share any great blog posts or...

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