Author: SG Young Investment

New Housing Grants 2019 – Up to $160,000 Grants for Resale HDB At All Locations

HDB just announced a few days ago they will introduce the new Enhanced CPF Housing Grant (EHG) which will replace the additional housing grant (AHG) and special housing grant (SHG). The income ceiling has also increased from $12,000 to $14,000 for new and resale HDB purchases and $14,000 to $16,000 for EC purchases. Many more people will benefit in this latest roll out. Let me illustrate a few key points which will be more applicable to most of us. More Grants for purchase of HDB flats in Mature Estates Under the previous AHG and SHG scheme, only couples who...

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Employed vs Self Employed – Who Should Save More Money?

In Singapore today, there are more and more self employed people due to the many opportunities arising from the gig economy. Many of them are freelancers working in many different sectors with varying skills. Some of the common examples of self employed jobs are financial advisers, property agents, grab drivers, business owners, freelance musicians/singers etc. While being self employed brings about the flexibility of time due to no fixed working hours and possibly higher pay when they work harder, the financial aspect has to be planned out well enough due to instability of income as compared to a full...

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Early Retirement Through Finding Work That You Enjoy Doing

How many times have you heard people complaining about their work? I’m sure almost on a daily basis be it your family members, your friends, your colleagues and maybe even your boss complains about work to you. This is why early retirement and financial freedom is so popular. In Singapore, we probably need about $1 Million to retire comfortably. But the bad news is its extremely hard to save this amount of money in a very short time. In my previous post, I introduced the 30 years retirement grid: In this grid, it shows how much we need to...

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The 30 Years Retirement Grid – Saving $1500 per month to achieve $1 Million

I was on course last week and during the course, there were several people who were in their 60s and some even nearing 70s. They were here to upgrade their skills in order to make sure they could still afford to work in their old age. I really admire their attitude to continue learning and still go through the stress of having to sit through an exam to get certified. Many of them were worried they couldn’t pass the test and were so stressed out. I thought to myself at this old age they should be enjoying life why...

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Updates on Life after 1 month plus of not blogging

Its been 1 month plus since my last post on 29 May. Many things were keeping me busy in life and I’ve been keeping things to myself struggling to understand what I was thinking about life myself. The whole of June I was still busy with work while planning for a Japan trip the whole of the month. I was so looking forward to the trip in end of June that everyday I went home after work its about more research on the trip itself. I’ve always wanted to go Japan and finally made the dream come true with...

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The Most Cost Effective Way To Plan Your Travel Without Compromising on Quality

Travelling is the most common hobby which we as Singaporeans have. I see most people travel at least once a year and increasingly people are travelling multiple times a year. I love travelling also and its really to see more of the world outside as we live in a really small city in Singapore. In this article, I’ll share how I plan my travel for this coming year and some tips you could follow to really get some good deals out there. Its not about getting the cheapest option to travel as it would mean compromising on quality but...

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Latest Comparison of High Interest Savings Accounts in Singapore – May 2019

There have been numerous changes to the banks’ interest rates in Singapore lately. As interest rates rises for loans, good news for savers who have savings in the bank as the interest we can get on our savings account is increasing as well. However, the interest on normal savings account is still not increasing but the banks have come up with more creative ways to attract customers and offer higher interest with some small conditions. Let’s take a look at which are the best high interest rates account in Singapore today? OCBC 360 This is the bank account which...

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New Rules For Using CPF For Property Purchase and HDB Housing Loans Changes

There are some changes to the rules on using CPF for purchasing of properties and also changes to the HDB housing loans we can take for a HDB property. This can be quite confusing so I will skip all the complexity of it and dive in to talk about who are the people who will get affected. Let’s get started. What the changes means to us?  In simple terms, what I see is the changes are implemented to ensure we still have a roof over our heads when we are old and also slow down the depreciation of properties...

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Making Money Full Time Online – How To Do it?

Blogs and YouTube have become more and more popular in recent years with the help of social media such as Facebook, Instagram etc. It becomes easier for these online sources to become popular when people start to share it. Even a simple post on Facebook can go viral and attract the attention of the government and authorities which we have seen a lot in the recent NUS voyeur case.  In recent times where I’m seeing more and more people able to create websites or YouTube channels and make it their full time work. This means that they are able...

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Is 6% Dividend Yield Achievable For A Singapore Market Investment Portfolio?

In my previous post on The 10 Years Financial Independence Target, I laid out the strategy to compound our money to reach financial independence in 10 years. The strategy involves having a dividend yield of 6% in the investment portfolio. There are quite a few questions on whether 6% dividend yield is achievable? Also, how do we get that 6% dividend yield? In my years of investing experience, I’ve learnt that it is indeed achievable to get 6% dividend yield in our investment portfolio. Over the years, I’ve learnt to pick some good stocks that have generated on average 6%...

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The 10 Years Financial Independence Target

Achieving financial independence in Singapore is possible but honestly, only a handful of the population can achieve it. This is because most of us are brought up being taught that we need a job to survive and we will probably have to work till we are quite old. That is sadly still happening when I see some of my colleagues still struggling to make ends meet even in their 50s and 60s. In the financial goals page of my blog, the target I set for myself is to achieve financial independence by the age of 42. This is about...

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Open Electricity Market – Why Cheaper Than Singapore Power?

By now, many of you would have heard of the open electricity market and have seen the roadshows by many of the new electricity retailers who are offering much lower prices than Singapore Power (SP) group’s current electricity tariff. There are as many as 13 different new retailers now apart from SP group. Many of you might have seen the prices and know that it is indeed lower but is there a catch to all these lower prices? Should we all be switching to these new electricity retailers to take advantage of the lower prices? To answer all the...

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Hyflux Restructuring Plan – A Ruthless Elimination of Retail Investors?

Hyflux has been the talk of the town lately due to its cash flow problems which triggered a restructuring process. This process is getting more and more hot after it announced the details of its restructuring plan. Retail investors now face as much as 90%-97% loss of their investment capital with this plan. The Hyflux restructuring plan unveiled For every S$1,000 invested, a holder of Hyflux’s perpetual securities and preference shares will recover S$106.54, or an implied return rate of 10.7%, under the company’s newly announced restructuring proposal. Out of this 10.7%, only 3% is paid in cash and...

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Far East Hospitality Trust Latest DPU up 3.1%

Far East Hospitality Trust should not be new to readers here as I’ve blogged about this stock on several occasions. I first wrote about investing in the hospitality industry back in April 2017 in this post. I went on to invest in CDL Htrust and Far East Htrust thereafter. Both have been performing well since then and providing good and stable dividends for the past few years. Let’s focus on Far East Htrust. This company has done well in its latest results which prompted CIMB, OCBC and DBS to write and cover the stock the past few days. Net...

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Free Access – Asia Wealth Virtual Summit 2019

Happy Lunar New Year to all! Chinese new year holidays went pass just like that. I hope all of you had an enjoyable time getting or giving ang baos and visiting your relatives in this new year. Chinese new year is always associated with wealth and prosperity. While it doesn’t happen by chance, some knowledge on how to grow our money will help in this financial journey. Some people pay thousands of dollars just to attend seminars but actually free ones are equally good out there. In this new year, there’s this wealth summit where you can learn more...

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