Author: SG Young Investment

Is A Degree or Diploma Necessary?

There have been a lot of articles lately on the mainstream media which talks about private degrees and local degrees etc.  In the year 2000, only 26% of Singaporean residents between the ages of 25 and 34 are graduates. Now, more than 50% are graduates. However, the problem is not all 50% jobs in the market are for PMETs, which means many are doing a lower skillset job than what they possess. There is another bigger problem with pursuing a diploma or degree. The problem is the world is moving too fast and the skills you learn in your 3-4...

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The New Phillip SGX APAC Dividend Leaders REIT ETF

Word has spread around of a new REIT ETF which has been launched for IPO just last week and closed on 13th October 2016. The ETF will begin trading in the market this Thursday 20th October 2016. REIT has been an all time favourite for Singaporeans as it provides higher than average dividends which is quite a good dividend income for many people. With the new REIT ETF, it will be easier to diversify between different stocks instead of being concentrated with just a few REITs in our portfolio. Phillip Capital invited some bloggers for a dinner and Q&A...

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POSB launches innovative "Bank and Earn" programme

Most of us would have a POSB or DBS account which we will be able to earn cash back from now onward. I just received this information from DBS which I found it quite useful for most of us. With “POSB Cashback Bonus”, we need only to fulfil three or more types of regular banking transactions to enjoy cashback rewards, without the need to make additional deposits. We can earn up to SGD 130 per month via salary crediting, credit card spending, home loan instalments, insurance premiums, or investments.   *** POSB today announced the launch of an innovative...

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MINDEF & MHA Group Insurance

Many of us would have seen the news on the new subsidised insurance which MINDEF is providing to all personnel including regulars, NSF and NSmen. This also extends to your spouse and children. You can read the news here. The purpose of this post is to uncover the protection provided and the premiums payable. From what I see so far, the coverage we get and the premiums payable is so much lesser than if we were to get from outside insurance agents. You’ll be surprised it is about half the cost. This is one of the 30 recommendations by...

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Practical Ways To Increase Our Income

The road to financial independence is sometimes not an easy one. Many people in the past such as my parents’ generation born in 1950s-1960s were savers. They work hard, they save money and never really had much luxuries. Life was simple back then. However, you would have realised that the baby boomers generation still did not have much savings. This is after working hard and saving money all their lives. Why is this so? The reason is simple, most of them could not increase their income due to circumstances back then. Some of them had to quit school early...

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Is Buying High Dividend Stocks A Wise Choice?

I’ve been very busy the past few weeks and have not been blogging much on investments. My apologies to readers who want to read more on investments here. In the midst of investing for the past few years starting from 6 years ago, to be honest, it was not always a smooth sailing one. I have made mistakes, learnt from it and moved on. To date, I’ve come to realised my own investment style and manage my risk accordingly. There are stocks which has huge percentage loses in my portfolio but because they make up only 1-2% of my...

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How To Talk To Your Bf/Gf About Money

Money may be a difficult topic to bring up with your significant other. One of my blogger friend, Lionel from cheerfulegg, has written this guest post exclusively for SG Young Investment. Even I learnt a few tips here. He definitely has gone through this stage with his partner. Enjoy the read! Every Singaporean couple can easily tell whether they’re in a serious relationship: It depends on whether they’ve had The Talk. You know the one I’m talking about: The one when the guy takes the girl out to a fancy restaurant, takes her by the hand, stares deeply into...

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How To Pay Lesser For Insurance Premiums While Getting Higher Coverage?

Do you know that insurance is a big part of our lives? In one way or another, most likely we would have more than one insurance policy throughout our lives. Some policies were bought with a clear mind while others were not. We would have spent hundreds of dollars per month on insurance without knowing what exactly we have or will we benefit from it? Instead of paying a hefty sum on insurance premiums, there are ways to pay lesser and still get a higher coverage. You would be surprised many of us are actually under-insured even when we...

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CPF’s The Big ‘R’ Chat Roadshow 2016

CPF is such a big part of our lives where we use it for housing, retirement, healthcare etc. I’ve written various articles on how we can use CPF to have a better retirement as well as how CPF actually helps us to purchase our first home. It is indeed an integral part of our lives living in Singapore. The CPF system is here to stay regardless if we like it or not. There have been many changes to the CPF system over the past few years where recently it was announced on more flexibility for us to invest our CPF monies in...

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This Will Cause Us To Be Poorer Each Day

What makes a person poorer each day? Is it his daily expenditure? His compulsive spending habits? His indulgence on food? You may be surprised that getting poorer is not so easy. Spending money on food, buying clothes etc will not make us that much poorer. To be honest, how much can you spend on food or buying clothes? In April this year, I wrote an article declaring that I will stop tracking my daily expenses. In the past, I used to track every single spending I had in an APP but it wasn’t that useful for me. Yes it...

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Understanding Medishield Life and Integrated Shield Plans

There is a saying that you can afford to die but not afford to get sick in Singapore. This is true regardless if we are poor or rich. Unless you are extremely rich, hospital bills will be a problem for most of us here. Once we are diagnosed with some major illness such as cancer or other life threatening illnesses, it will probably wiped out most of our savings. An important part of financial planning is insurance. In fact, getting insurance should come before starting any investments. One of the key insurance to get is healthcare insurance to cover...

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Finding Your Own Suitable Investment Style

Many of us may wonder what is the best way to invest our money? We see and hear many successful investors making tons of money from the stock market and try to follow their footsteps but fail miserably. How is it possible that these investors can be so successful but when we follow their footsteps, we still end up failing? The reason is simply because we did not first find our own suitable investment style. In this article, let’s find out how we can find our own investment style so that we too can be successful in investing. Finding...

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Why Its Difficult To Have Happiness In A World Of Consumerism?

I have to admit, the title of this blog post sounds a little too depressing isn’t it? Consumerism again, isn’t it telling me not to spend too much money to have happiness? Why is life so hard? The fact is, life isn’t hard if we know the cycle that makes us unhappy. As humans, ultimately what we do in life is to achieve happiness but somehow, we may unknowingly create unhappiness in our lives instead. Have you wondered why some people are happier than others? Let me show you how does this happen. Happiness can be explained in psychology....

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SGXcafe – A Good Investment Portfolio Tracker And More

Sometimes, keeping track of your investment portfolio performance is hard work. Most of us use excel sheets to record down our stock purchases manually. Then there are dividends too which we need to keep track. Just this year, I started using a platform called SGXcafe which to me is quite intelligently done. Many people including bloggers have started using this platform to track their portfolios. It even gives me an update of my portfolio performance every day through email. This is not a paid advertisement for the platform. I’m reviewing this base on my own experience. Furthermore, it is...

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Should We Pay Down Our Mortgage As Soon As Possible?

Most of us will dislike debt. It takes money from us every single month. For our home mortgage, it can be thousands of dollars a month which can be quite a significant sum of money. If mortgage is such a pain, should we use the extra savings we have to pay it down faster? Let’s explore it in this article. In Singapore, we can use either cash or CPF in our OA to pay for mortgage. The cost on a mortgage is on the interest. Like credit card which charges an interest if we didn’t pay on time, likewise...

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