Author: SG Young Investment

Buying a car with 100% cash and no debt

It’s the second day of Chinese new year and I hope all of you had a wonderful time with your loved ones especially your family members. The past few days I’ve been hanging out with my family and relatives. Its a good time to catch up and every Chinese New Year, it always seems to be a family gathering event. My relatives seem to be getting richer every year. Recently, one of my uncles bought a new car paying $140k in cash. Its a higher end car but well they are rich enough to afford it. I also had...

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Buying the company on the streets (Part 1) – Discovery stage

Introducing the company on the streets Everyday we go to work, we go to school, we hang out with friends and we go shopping. What if i tell you that you can actually own the shopping malls you go to, own the restaurants you patronise, own the retail outlets you buy clothes from, own the hospitals you visit, own the bus and MRT you ride everyday and even own the airlines you travel on? It is possible through a financial intermediary called the stock market.  When a company is listed on the stock market, it becomes a public company....

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A stock market bubble?

We’ve heard that there is a property bubble in Singapore as well as other parts of Asia like Hong Kong, China etc. How about the stock market? Is the stock market in a bubble too and where will the market head from now onwards? Last week, US markets declined greatly with the Dow Jones down more than 300 points on Friday. With this, Asian markets today also followed suit with major stock market indices on a decline. I have to ask myself this question:”Do i stay invested or do i sell away my stocks”. Will the stock market crash?...

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Undercover Happiness

This series was shown on Channel 5 where many successful individuals go undercover for 2 days to experience the life of an underprivileged family in Singapore. In this particular episode, CEO of Propnex, Mohamed Ismail, goes undercover to know more about the life of an underprivileged family. The family is poor but the children are still sensible to be contented that they have food on the table even though its only 1 dish for 2 meals a day. They don’t have extra money to have better food. This family does not have the chance to travel abroad and the...

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Asia’s Youngest Self-Made Billionaires

Forbes magazine regularly comes out with a list of richest people in the world and they’ve come out with a list of Asia’s youngest billionaires for 2013. On the list are Gree’s Yoshikazu Tanaka from Japan and Fang Wei of Fangda International Industrial Investment of Beijing in China. Forbes also came out with a similar list in 2008, which included several billionaires like Ma Huateng of Tencent Holdings from China and Chu Lam Yiu from Hong Kong. These young, self-made billionaires serve as an inspiration to anyone who believes that hard work—and a bit of cleverness—can indeed make you...

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What if money was no object?

I stumbled upon a site where the author wrote on her journey towards creating her dream job in less than a year. This blogger blogs about her travel experiences and is now ranked one of the top 50 travel blogs in the world. She quitted her job 5 years ago to pursue her passion in travelling. She has travelled extensively to many countries and then subsequently created her site www.justonewayticket.com.  5 years ago, she didn’t know if she would have enough money or if her passion in travelling can become her career. Now, she has successfully become a travel blogger with tourism...

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Interview with Singapore’s finance minister on Singapore’s economy during the 2008 global financial crisis

The 2008 global financial crisis was one of the worst crisis after the great depression. Singapore’s economy was also hit with a contraction of -6% to -9% in 2009. Resident unemployment rate was at 4.3% in 2009. Economic policies have changed over the years from the pre great depression era to the post 2008 global financial crisis era. In my current year 3 economics module in university, I’ll be learning all the different economics school of thoughts from pre 1900s to post 2008. This is rather interesting to me as I can learn what caused the various crisis some...

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The world’s richest city

This post is titled the world’s richest city. The city is actually Singapore. In the following video, you will see how the rich have benefited from the prosperous economy of Singapore and in contrast, how the poor are struggling in life. A yacht that cost $5.2 million dollars? A prime property called the sail in the heart of CBD? A middle income worker have to pay housing loans monthly up to the age of 60 plus? A housing estate where 6 in 10 people are unemployed? A poor family surviving on $600 a month? This is the reality of...

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7 factors that differentiate rich people from normal people

The media is filled with images of how a wealthy or rich person lives his or her life. Big houses, big cars, branded goods are what we commonly see. Often, luxurious items are associated with rich people. To the extent, many people pursue all these luxurious items thinking that the more they own all these, the richer they are. Nothing could be further from the truth. In Singapore, we’ve heard of the 5Cs. They are Cars, Condominium, Credit Cards, Cash and Country Club. This is again associated with the rich and people believe that owning all these will categorize...

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How to Invest in Gold Bullion?

How to Invest in Gold Bullion Precious metals are naturally occurring metallic compounds of high economic value because of their rarity. Gold bullion is the more popular precious metal that is frequently selected by investors because this precious metal is often used as a hedge or harbor against economic uncertainty. Bullion is a bulk form of gold, and gold bullion is frequently traded on prominent commodities markets. Gold bullion can be traded as a commodity that is significantly affected by the central banking industry and the international monetary fund, for example. Credit: www.123rf.com Getting Started in Gold Investing Gold bullion...

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8 days Hanoi, Halong Bay and Sapa trip at $600

Previously, i’ve blog about my Taiwan trip where i spend only $705 for 8 days. I’m an avid traveller who loves to plan my own free and easy travel in a simple and budget way. This kind of travelling adds a little spice of adventure and makes it more interesting compared to the usual luxurious travel. I can customise my tour and choose to travel only to the places that i want. This is a post on my North Vietnam trip in 2012. Places visited consist of Hanoi which was the first stop. Halong bay is the next with...

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Dream $110k wedding ends in debt

If you’ve read MyPaper , you would have realised the following story: Dream $110k wedding ends in debt. People say wedding is a once in a lifetime event so its a lot of young couples dream to have a grand wedding. Or is it more about face, pride and ego where the more money you spend on your wedding, the greater pride you have? No doubt our society has changed where we always want to have better material posessions than others. Better clothes, better phones, better houses, better cars and better weddings. Often, all these materialism seeking ends up...

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The fall of Lehman Brothers

Lehman Brothers was one of the oldest investment bank on Wall St. Now, we know that this big bank has become a history. How did the bankruptcy of one bank lead to one of the greatest financial crisis in the world? If you did not know, the 2008 global financial crisis was said to be the 2nd worst financial crisis in the world just after the famous great depression. The crisis was so bad that US had to embark on QE from then till now. Billions of dollars have already been injected into the economy to stabilise it. One...

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New year resolutions and investment strategies for 2014

A new year a new beginning. Its the first day of 2014. Everyone would be busy at work, school etc. I took leave on this first day to really think and pen my thoughts down for the new year ahead. I will also be penning down some investment strategies that I would be embarking on for this year. New year resolutions for 2014 1)  Full time Work I’ve been in my current company for 3 years and 3 months. Even though I’ll be switching career sometime in the near future, I feel that I should still use my time...

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HDB resale prices took 10 years to recover from a crash

Property price! Property price! Property price! Why does property price keep rising? This has been a much talked about topic for quite some time. Everyone talks about rising property prices but why doesn’t anyone remember falling property prices? I’ll tell you a secret. It took HDB prices 10 years to recover from a crash! Yes, 10 long years. Now what was I doing 10 years ago? I was still in secondary school. To be exact, the crash happened in 1997 when I was just 9 years old. So how did I know or remember it? The truth is I...

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