Author: SG Young Investment

Long Term Healthcare Cost In Singapore – Are Subsidies Enough?

In a previous article, I wrote about the real issues which people face when having to care for a family member with disabilities at home. You can read the previous article here. Also, as what I have said previously, the purpose is to bring the issues of long term healthcare cost to the government. I have managed to contact the Agency for Integrated Care and Ministry Of Health and I attended a session on the enhanced Eldershield (Careshield life) to learn more about it as well as give my thoughts on the recommendations. In this article, I will dive...

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Should I Get A BTO or Resale Flat?

There are pros and cons of getting a BTO vs a resale flat. In Singapore, a BTO flat is heavily subsidised by the government and we try our luck to ballot for a chance to select a unit. These flats are build to order (BTO) meaning those who managed to get a unit will have to wait about 3-5 years before they can collect the keys to their flat. I would think most people will go for the BTO option first if they have the time to wait. However, even if you have the time to wait doesn’t mean...

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Hear From Financial Bloggers Live At Investors Exchange 2018

The financial blogging community is not a very big one in Singapore. Most of us do know each other in the real world.  This year, you’ll have the opportunity to hear from some of the financial bloggers where they will share about how they invest their personal money and also their journey to achieve financial freedom. My friends at BIGScribe is back with another edition of Investors exchange. Last year, there was one and it was a sold out event. This year, they are making it different. Investors exchange 2018 will feature only bloggers who walk the talk by...

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All About The New Careshield Life (Enhanced Eldershield)

The Ministry of Health just announced last Sunday that there will be another compulsory healthcare scheme which all Singaporeans and PR from the age of 30 to 40 will be automatically enrolled in starting from 2020. In future, everyone who reach 30 years old will be compulsory enrolled in this scheme as well. Currently, all Singaporeans and PR are also insured under the Medishield life scheme which covers for some basic hospitalisation bills. This is also a compulsory scheme. What is Careshield life all about? Careshield life is renamed from Eldershield and is an enhanced version of it. Careshield...

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Will Hyflux Survive?

Hyflux has been the talked of the town among the investing community as they had recently announced the commencement of court supervised process for reorganisation. This is to protect them from creditors as they sort out their debt issues. Shares of Hyflux and its related securities were halted for trading since 21st May 2018. It is unknown what will happen from now. Hyflux was a rags to riches story. However, at this point in time, the rags to riches seem to have overturned. The question is will it survive the crisis and will investors get back their money? In...

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Bitcoin for Gold Exchange

After the craze for Bitcoin and other crypto-currencies, it would appear that the trend is currently in favour of Gold. Indeed, the collapse of crypto-currencies (loss of 70% of the total value of virtual currencies) in recent months and especially Bitcoin which fell below 7 000 USD, encourages investors anxious to preserve their capital to move towards precious metals. But first of all, what is Bitcoin and what is its origin? Bitcoin would have been invented by a Japanese named Satoshi NAKAMOTO in 2009. However, this remains a rumour as many people have proclaimed themselves as the inventors of...

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Why TPG Telecom Is Not A Threat To The Incumbent Telcos In Singapore?

The telecommunication industry is set to change in the near future with the fourth telco, TPG telecom starting business in 2019. However, I don’t think this will be a threat to the incumbents in Singapore and I will tell you why in this post. Previously, I spent 6 years in the telecommunication industry working as a telecommunication engineer. Deploying mobile networks was bread and butter for me and I know this industry inside out including the challenges of setting up base stations all around Singapore just to provide the coverage that is needed. TPG Telecom announced on 19 March...

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The Scary Truth Of Long Term Healthcare Cost In Singapore

Most of us would have heard of the saying “you can afford to die but not get sick in Singapore”. There is definitely truth in this saying because healthcare cost is really a bomb and this bomb will get bigger in the future. Healthcare spending budget is the 4th largest in Singapore at $10.2 billion for 2018. This amount is expected to be increased over the years as we prepare for an ageing population and rising healthcare cost. A more scary cost than hospitalisation bills While all of us know that hospitalisation bills can be quite scary, I think...

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Long Term Healthcare Cost Survey – A Mission to Create Awareness for healthcare cost in Singapore

Do you have family members who have disabilities whom you need to support and care for? The care giving journey is often an unprepared one and caregivers need all the help which they can get in this difficult time. I’m embarking on a mission to create awareness of the difficulties which caregivers face especially when it comes to the long term financial cost involved. If you or someone you know is caring and supporting a family member with disabilities, do help to do this survey which I will use the result in a blog post. This will create awareness...

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MAS To Allow Singdollar To Rise – How Does This Affect Our Investments And Life?

Singapore’s monetary policy is a unique one and also well respected in the international space. Many countries, such as the US, adopts an interest rate policy where they increase or decrease interest rates to steer the economy into a certain direction. However, Singapore is different. We adopt an exchange rate policy where the Monetary Authority of Singapore (MAS) steer the Singdollar into a certain direction.   Just last week. MAS announced that they will will allow the Singapore dollar to rise in the first tightening of its exchange rate-based monetary policy in six years. This is in view of...

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Everyone hates the corporate world but what can we do about it?

Everyone seems to hate the corporate world but we have no choice but to work for a living. Let’s face it, even if you like doing the job, you won’t like handling the bosses or the office politics that comes your way. Your choices affect your outcome in life A fellow blogger and friend who blogs at Investment Moats wrote a post which recounts his conversation with a fellow colleague who decided to call it quits in the corporate world. He resigned from the job at the age of 45 without another job. This was possible because he choose...

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Investing In The Hospitality Industry – Breakdown of Individual Hotels Revenue

Its earnings season again. I’ve received a couple of annual reports as many companies have just closed their financial year to wrap up FY2017. I’m particularly interested in the results of the hospitality trusts which I own as 2018 is suppose to be the year where we should see some great recovery for this sector. Most of the annual reports are now in a booklet format which saves a lot of cost for the companies as well as the environment. I have to go online or use the CD to view the annual reports. 2 hospitality trusts which I...

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Reflections on turning 30 years old

I have officially joined the 30 league today. To me, turning 30 years old is a milestone in life. The 3 in front of the age psychologically makes one look older too. I started this blog back when I was 25 years old and named it SG Young Investment. I grew with this blog and it has been 5 years now. Can’t believe how time flies just like that. This blog is a personal blog where I document my journey towards financial freedom. It is also a blog where I write on my thoughts on finance stuff. I have...

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Visualisation of HDB resale prices in Singapore

Have you wondered where is the best place to buy a HDB resale flat in Singapore considering your budget or the remaining lease left in different towns in Singapore? I’ve been exploring data analysis through visualisation and did up a dashboard of the various resale prices in different towns in Singapore. This is done using the data on data.gov.sg. It is often hard to find all the information we need as its all over the place even when we have Google search. With visualisation, we can see the data at one glance. The visualisation software I am using for...

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Why Young Adults Should Not Focus On Investing At The Start Of Their Career

Two young adults, Kimberly and Johnathan starts out in their careers at the age of 25. Kimberly saves $20,000 a year and invests her money to earn only 4% investment returns while Jonathan saves $15,000 and invests his money to earn 7% investment return. Who will have higher net worth after 15 years? Surprisingly, it turns out that Kimberly would have higher net worth in 15 years at age 40 even though she achieved lower investment returns. How is this possible? Let’s take a look how this pans out in a chart as seen below: As we can see,...

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