Author: SG Young Investment

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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Unlimited 1.5% Cash Back And Up To $220 Cash And Vouchers Giveaway For This Credit Card

How does it sound to have unlimited 1.5% cashback on all your spending? There is no cap and no minimum spend required. This is very different from the other credit cards in the market which only gives you points or cashback for certain types of spending. There is often a minimum spend too to be eligible for the cashback. This is not the case for this new unlimited cashback card which was just launched last year. This card can also be used for public transport with automatic EZ-reload top up function. I have got an exclusive offer for readers...

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3 Tax Reliefs You May Not Know Of To Reduce Your Tax In 2018

The tax filing season is here again. All of us would have received an SMS from IRAS that we need to fill our tax by 15 April for paper filing and 18 April for e-filing. As our income goes up, tax can be quite a significant amount in the thousands. Just to give an example, a person whose take home pay is $3500 plus 3 months of bonus will end up paying $1425 in tax. We can actually reduce our tax by knowing the different reliefs which we may be eligible for. Let’s explore the different reliefs in this...

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Is 2018 The Year To Invest In Hospitality REITs?

It is expected that the hospitality sector will recover in 2018 due to the lower supply of hotels in Singapore. Elsewhere in the world, the better economic outlook is also expected to improve tourism receipts which will benefit the hospitality sector also. The question is, on the back of all these positive sentiments, is there still opportunities to invest in the hospitality sector? I am always weary when we see a lot of good news for a particular sector because most of the time, the stocks would have already run up. This is the case for the hospitality sector...

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9 Highlights of the Singapore Budget 2018 Which Is Applicable to Most of Us

The budget was just announced on Monday at 3:30pm. This year, it is more focused on the future where the finance minister makes sure that Singapore will have enough revenue going forward. This means its not so good news for majority of the people but some things have to be done in order to be sustainable. However, Singapore also registered the best surplus year in 2017 of almost $10 Billion. As such, there will be a sweet surprise for all Singaporeans. Read on to find out more Here are 9 highlights of the 2018 budget which may be applicable...

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Is Comfort Delgro Still A Good Investment? – FY17 Full Year Financial Results and Thoughts

Comfort Delgro recently just released their FY2017  full year financial results. Previously, I did an estimation on how its results will look like in this post. The good news is the results came in better than what I had expected. Actual results vs what I estimated In my previous post, I painted a very bleak picture of its business especially its taxi business. I estimated that the revenue of the taxi business will be at $1270.8 Million. Indeed, the taxi business continued to suffer and came in lower than what I had expected at $1208.7 Million. This was offset...

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Here’s Why The First $100K Savings Is Really Important

Here’s Why The First $100K Savings Is Very Important:  “The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do—if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit” – Charlie Munger The above quote is adapted from Charlie Munger who’s a popular name in the investing world. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. There is much truth in his...

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Here’s How To Easily Get At Least $2000 Monthly For Retirement

All of us will think of planning for retirement at some point in our life. However, when we start thinking of retirement, many times we ask ourselves how we can go about to start planning for it? How much do we need to save and invest? This is always the answer we would like to know. One thing we must know is that retirement can never happen by chance. If we do not plan for it, we will never have enough when the time comes. This is a scary fact when we actually reached that stage. In this article,...

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How I Use Credit Cards To Better Manage My Finances

Credit cards are great tools for me to better manage my finances. There is ease of tracking my expenses as there is always a record of my spending. I also use credit cards to get bonus interest on my savings plus get rewards in the form of cashback and miles. In this post, I will share the credit cards I have and how I use them in the right way to maximise the benefits. Let’s begin. 1. Standard Chartered Unlimited Card & AMEX True cashback card The first card I have is the SCB unlimited card. This card is...

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1.55% Interest On The Singapore Savings Bond

I have been monitoring the Singapore Savings bonds for quite some time now since its launch in 2015. The interest was not that attractive to me in the past until now when I notice the first year interest for this month’s SSB is at 1.55%. This is higher than most fixed deposits currently and definitely a good place to park extra cash in. The attractiveness of the SSB What is so attractive for the SSB is that it is capital guaranteed so there is no risk of losing your capital. There is also the flexibility to redeem the bond...

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Beware Of Mortgage Reducing Term Insurance From Private Insurers

When we buy an insurance policy, we hope that we can activate the policy and make claims when situation arises. However, there are times when we realise that actually the insurance we buy cannot be claimed as fast as we hope for or could not be claimed totally at all because of some terms and conditions which were not made known to us when we had bought the policy. It has been brought to my attention that the reducing term insurance from AIA is not easily claimable in the event of total permanent disability (TPD) or even terminal illness....

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The Rising Property Market And Interest Rates

Most of us would know that housing prices is rising again in Singapore. The sales of new private homes are also going up where we see more and more people getting interested to buy properties now. This seems to be the right time to purchase a property at the right price and also when loans are still cheap. The following chart shows the SRX non-landed private property index from January 1995 to December 2017. We see a dip in the property market after the high in February 2013. The lowest price recorded was in December 2014 and November 2016....

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Setting My Directions And Goals For 2018

2018 came as a bad start for me as I experienced the loss of someone close to me. You can read this episode of my life here. My world view has changed because of this. Nevertheless, I am still living in this world and will still be setting my goals for this year. Life is really short and this has kept me thinking what kind of goals should I set for myself this year. I should be asking what kind of thing I want to do so that I do not take life for granted and make an impact...

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Life Is Too Short – Experiencing The Pain Of Life

This week has been an extremely tough week for me as well as my family. On new year’s eve, I received information that my cousin could have got into an accident. Moments later, his passing away was confirmed which was a devastating news for me personally. He was only 27 years old and just celebrated his birthday a few days before the incident happened. This cousin was close to me, very close in fact. 2 days before his passing on, we still communicated on the phone and I said that when he comes back from his overseas trip, we...

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Reviewing My Goals For 2017

In just less than 1 week, we will bid goodbye to the year 2017 and welcome the year 2018. I looked back at my goals for 2017 here. Honestly, I didn’t really remember what goals I set for myself. The best thing about having a blog is that I can read back on what I have written. 1. Buying a new home This was the first goal I set for 2017. Yes, me and my girlfriend, now fiancee, have been actively discussing and applying for flats. Unfortunately, we still could not get the place which we wanted. Both BTO...

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