Author: SG Young Investment

Channel 5 new TV series – Recession Heroes

Saw this advertisement on a new TV series by channel 5 called recession heroes. I think it would be an interesting program to watch. From Mediacorp website: Recession Heroes is a 6-episode docu-drama series featuring real-life stories of six individuals who had been adversely affected by recessions such as the 1997 Asian Financial Crisis, 2001 September 11 Attacks and the 2008 Lehman...

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Travelling to Taiwan for just $250.

*Sale has endedGood offer must share.Scoot has been giving out generous offers for their flights the past few months. One of the destinations i’ve always wanted to go is Taiwan. In the past, flights to Taiwan would normally cost $400-$500 even on budget airlines. Now, the competition is so intense that Scoot, a new budget airline and a subsidiary of Singapore airlines is offering a two way ticket to Taiwan for just $250(tax inclusive). Sale period is from now till 09/08/13 11:59pm. Travel period is from 7th August 2013 to 30th November 2013. They have other destinations too so...

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Divested my first US investment stock – Dryships

I’ve divested partially my first US stock that i bought which is Dryships. From its corporate website: “DryShips Inc. is an owner of drybulk carriers and tankers that operate worldwide. Through its majority owned subsidiary, Ocean Rig UDW Inc., DryShips owns and operates 10 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 8 ultra deepwater drillships, 3 of which remain to be delivered to Ocean Rig during 2013 and 1 during 2015. DryShips owns a fleet of 42 drybulk carriers (including newbuildings), comprising 10 Capesize, 28 Panamax, 2 Supramax and 2 newbuilding Very...

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Replica of Paris in China becomes ghost town

China property prices have skyrocket in the past few years. Developers who want a part of this action build up massive towns with impressive buildings in china hoping to earn some profits. However, it looks like the towns that are built are becoming vacant and now known as ghost towns. Is this the start of a property market crash? One example is this impressive town developed by Zhejiang Guangsha Co. Ltd. It was started in 2007 and one of the major construction is a replica of the Eiffel Tower and parisan houses. It is designed to accommodate at least...

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Remembering the past in Singapore

This video shows some pictures of the past of Singapore. Its good to think about how it was in the past. Makes me feel that time has really passed fast even though i’m not too old :) The song played in the video is a popular xinyao (新谣) song titled: ‘Xi Shui Chang Liu (细水长流)’I heard it when i was in school back in the 90s. Many of you will remember it! This song writes about friendships and the dreams and worries that people have when they are young. Enjoy the video and have a happy week...

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Company in focus – Suntec REIT

I’ve always liked this REIT as its portfolio of properties are in Singapore and its business is relatively easy to understand. REITs invest in a portfolio of properties and are professionally managed by their team. Income generated from the rental of properties are collected and distributed to shareholders of the REITs. In Singapore, REITs distribute 90% of rental collected to shareholders. Suntec REIT has the following properties in their portfolio: 100% of Suntec City mall 100% of Suntec City office towers 60.8% of Suntec Singapore international convention and exhibition centre 100% of Park Mall 1/3 of One Raffles Quay...

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An Introduction to Forex [Guest Post]

Forex trading has become very popular in the last couple of years – pretty sure most of you have seen a Forex ad at some point while you were surfing the internet. But what exactly is Forex and how does it work? Forex is short for Foreign Exchange, or in other words, currency trading. It has been around on an inter-bank level for a long time but recent developments in technology and online trading platforms made it possible for every individual to give it a shot. It is the world’s largest financial market with a daily turnover in excess...

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Betting on a recovery?

Will the economy recover? This is something that analyst and retail investors alike have been specualting. There has been much discussions on the ending of QE in the US and this means that the low interest rate environment will end soon. It also means that the US federal reserve is predicting that the global economy will recover and QE is no longer needed. To know more about QE, read my...

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The history of 9.5% Post Office Savings Bank (POSB) interest rates and the effects of inflation

The current interest rate is so low in Singapore. Currently, most banks pay 0.05% on bank deposit accounts. You’ve heard it! Its a tiny 0.05%. That means if you save $100000 in the bank, the interest you receive at the end of the year is only $50!! What can $50 buy you in Singapore? The most a decent family meal and that’s it. Why is the interest rate so low now? I’ve found out a very interesting history of the savings deposit rates offered by POSB which was known as Post Office Savings Bank in the past. The highest...

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Rising household debts in Singapore worrying

The monetary authority of Singapore(MAS) has released statistics which shows a worrying trend of household debts in Singapore. There is also a separate report released by the ASEAN property pulse which showed that up to 9000 Singapore property owners could be forced to sell their homes if interest rates rise. Here are some of the statistics from the reports: 1) 5%-10% of borrowers in Singapore has loans more than 60% of their income 2) A majority of mortgage loans are on floating rate packages which means households will face higher monthly repayments when interest rates goes up 3) Only...

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NTU graduates in demand – Finding job so easy?

Read the news today and saw this news about NTU graduates in demand. 7 in 10 secured a job before graduation. It was stated some were SPOILT for choice as they had multiple jobs offer.  Now the job market so good? Finding job so easy? Another thing is the top 10% of these students drew an average monthly salary of $8000. Really amazing!!! Some work so hard to climb the corporate...

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Managing my personal finances

Over the years, as i learn more on how to manage my personal finances, it became more fun to me. Regular savings have become a habit and i have opened several bank accounts to allocate my money respectively. I have a spending account, an investment account, an emergency fund account and a monthly savings account. This is how i allocate my money: 1) Allocate around 6-9 months of my expenses into an emergency fund account. An emergency fund is important in case i need the money urgently. This is strictly for use during emergency time when i have not...

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Various investment products for different investment styles

All of us have different personalities. Some like things to be fast, others like it to be slow. Some are patient while some are not. The good news is there are different investments that we can make to suit our personality. It is important to find out your investment style and practice it so that you can be successful in it. 1) If you’re a super risk adverse type of person who doesn’t like...

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My views on the new POSB Invest-Saver

Read the news in the morning and this new product jointly launched by SGX and POSB caught my attention.  I have just blogged about investing in ETFs and now there is a new product in the market. Have just checked from POSB website and I will summarise on the characteristics of this new product. This POSB invest saver lets you invest in an index ETF from as low as $100/month. The index ETF used is the NIkko AM Singapore STI Exchange Traded Fund. This ETF tracks the Singapore Straits Times index similiar to SPDR STI ETF. In my previous...

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Explaining Personal Loans in Singapore [Guest Post]

The following post is contributed by imoney.sg. I’m glad to be able to work with them to reach out to more readers on subjects related to financial planning and investments. You may have seen previous posts on housing loans which was also contributed by them. Some of my blog posts on SG young investment has also been featured on imoney site. imoney started out in Malaysia and is now branching out to Singapore also. Their malaysia website has seen over 24k likes on their facebook page and the Singapore site which just started has already got 304 facebook page...

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