Author: SG Young Investment

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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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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