Author: SG Young Investment

The Dangers of Credit Cards And How To Use It Smartly?

All of us know that credit cards can be dangerous if we overspend and end up not being able to pay the bills on time. The interest on credit cards is extraordinary high because it is an unsecured debt, different from home loans which are considered secured debt. Interest on credit cards are around 24% which is 2% a month if we could not pay the full sum. There are also advantages of credit card which we will explore in the later part of this post as well. Dangers of Not Paying Your Credit Card bills in Full There...

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Summary of My Investment For 2017

How time flies, its near the end of 2017 already. We are now in the month of December which is just less than one month away from the Christmas and new year celebrations again. In this post, I will do a summary of my investments and what has happened in 2017. Nearer to the end of the year or early start of next year, I’ll write another post on the investment strategies for 2018. For 2017, it has been an extraordinary year for investments. You may ask how extraordinary is it? Using the Straits Times Index as a benchmark,...

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Planning For Unfortunate Events In Life

It has been a tough week for me as some unfortunate events happened. I shall not go into the details of what happened but rather focus on the planning aspects before any unfortunate events happen in our lives. The following is what I think will help at least alleviate some of the problems which we will encounter if something unfortunate happen to us or our loved ones: Lasting Power of Attorney (LPA) The lasting power of attorney or LPA in short is a legal document which allows a person to voluntarily appoint one or more persons (‘donee(s)’) to make decisions...

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Where To Put Your Money To Save For Better Returns?

Interest rates are so low in our bank accounts that it virtually earns close to zero interest. Gone are the days where we see higher interest in the bank account where it was once as high as  9.5% as offered by POSB in the 1980s. Now, there are other higher interest/savings account which offers 1%-3% interest but there are various criteria to meet such as paying bills, buying investment products and meeting the minimum credit card spend. During my school days, someone approached me to do a survey and subsequently told me of a higher interest product which is known...

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A New High Interest Savings Account To Multiply Your Money – The New DBS Multiplier Account

I’ve been constantly sourcing for a high interest savings account to park my savings as I always believe in making my money work harder for me. Many of my friends have done it too and transferred their savings to OCBC 360, UOB One, Standard Chartered or even CIMB. I opened a few accounts too just to ensure my savings earn a higher interest. Where did I transfer my savings from? The answer is POSB/DBS. I have been using a POSB/DBS savings account for a very long time since I was a child. As they have the most ATM machines...

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Earnings Season – CMT and FCT Financial Results

Its earnings season again which means time for more dividends. I’ve owned Reits for a long time now where I can get stable and recurring income from these investments. Shopping mall Reits are attractive in Singapore and 2 of the most popular ones are Capitaland Mall Trust (CMT) and Frasers Centrepoint Trust (FCT). CMT and FCT both reported their financial results just a few days ago and I must say shopping malls in Singapore are still quite resilient. The management of the malls is quite important as I personally saw a few malls become dead because of incompetent management....

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One Year After I Stop Tracking My Expenses Daily

Its been more than a year since I stopped tracking my expenses on a daily basis. When I first started out my financial journey, I wanted to find out how much I was spending on each specific item so that I can streamline it accordingly. However, after a few years doing that, it became quite pointless and it also restricted my life too much as when I spent a little more for any day, I would feel the pinch. So, I decided to gave it up and just keep track once a month instead. I wanted to know how...

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A New Cashback Card with Up-sized 3% Cashback

There seems to be competition among the banks in Singapore which is good for consumers as they start to give more interests and benefits to get more customers. Previously, many cashback cards were launched with no minimum spend and no other conditions. You get cashback for any spending. Today, there’s a new cashback card which gives up to 3% cashback. This is the NEW Standard Chartered Spree Credit Card. Again, to match the competition in the market, there is also no minimum spend to get cashback. Here are the details I managed to pull out from the bank: No...

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Multiple Streams of Income Through The Gig Economy

This year, I’ve been seeing more news on the gig economy. Think of flexible working hours, doing what you love, be your own boss and freelancing. These are all part of the gig economy. In Singapore, about 9% of the workforce here are in the gig economy. That is still not a lot as compared to countries like the US having 30% of their workforce in the gig economy. Interestingly, an article on the Straits Times said that “about 47 per cent of Institute of Technical Education, 35 per cent of polytechnic and 10 per cent of university graduates...

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Money Hacks To Make The Best Out of Your Money – Part 2

Money Hacks is a 2 part series to share about the deals which I used to make the best out of my money. Read Part 1 here. In Part 1, I shared on the high interest bank accounts, the cashback cards and also the dining discounts which I can get. In part 2, I will write about the deals for movies, shopping and also how to travel smartly. Finding the best deals – Movies and ShoppingFor movies, here are a list of discounts for 3 of the main cinemas in Singapore: Golden Village Cinemas HSBC’s Movie Card – $7.50...

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Money Hacks To Make The Best Out of Your Money – Part 1

Money comes and go like a running tap water. However, we can always make the best out of our money by using a few simple hacks which I’ve done over the past few years. I believe this has significantly added to my savings and at the same time I still continue to enjoy the finer things in life. Some of the hacks I employ includes: 1) Enjoying higher bank account interest 2) Getting cashback on my spending 3) Finding the best deals (Dining, movies, shopping etc) 4) Travelling smartly Let me share in detail what I do to make the...

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What Happened To Comfortdelgro? – The Taxi In Distress

Comfortdelgro has been on the hot seat for the past few weeks with share price dropping to a low of $1.98 now. Grab and Uber seems to have an upper edge in this taxi business competition. It is crucial to review Comfortdelgro’s business at this junction to see what it is really worth. Separately, it didn’t manage to get the new Thomson East Coast line which could have boost its operating profit by about $12-$18 Million a year. Let’s take a look at its different business segment and break it up to see what it is really worth. Public...

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The Two Japanese Reits Which Got Acquired – What Can We Learn From This?

It has been a fruitful journey investing into Japanese Reits for the past few years. Saizen Reit was the first Japanese reit which was acquired earlier before. Recently, Croesus retail trust, a Japanese reit which owned Japanese shopping centres was also successful acquired just last week. What makes them so attractive that both reits from Japanese were bought over at a premium price? I’ve written extensively on Croesus Retail Trust as early as back in 2013. The timeline of the posts are as follow: Looking to invest in Japan’s real estate – November 10, 2013 Croesus Retail Trust –...

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5 Lessons I Learnt From Those Who Have Achieved Financial Freedom

Let’s be honest, all of us want to be rich. I started my financial journey many years back by finding out how the rich manage their money and how exactly I can do it like them. However, most probably, the information you’ve been finding is all directed at the super rich. How about common people like you and me? Are we able to have a little more money so we can not worry about it anymore? Throughout the years, I’ve had the opportunity to meet and speak to people who have became financially free. Every time I talk to...

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Optimising Joy In Spending

As people who are embarking on the path to financial freedom, sometimes we may be too hard on ourselves when it comes to spending. Recently when I looked at my credit card statements and realised I’ve spent more than I should, I can’t help to think if I’ve lost track in my financial journey. But upon closer look at my financial situation, it really doesn’t hurt to spend a bit more. A few hundred dollars more spending doesn’t really hurt much, does it? As a financial blog, I’ve been writing a lot on save save save. But perhaps, we...

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