Author: SG Young Investment

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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A Sneak Peak Of My Investments And How I Track My Portfolio

Stocks portfolio tracking can be quite a tedious task. I used to key in my transactions into excel individually and it took up quite a lot of my time as I still had to track my dividends and investment returns as well. However, over the past 1 year, I manage to track my stocks portfolio automatically through a website called stocks cafe. I personally know a few other bloggers and fellow investors using it to track their stocks portfolio as well. It is really easy to use and best of all it sends report on my investment results to...

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A Letter To My 20 Year Old Self 10 Years Later

Soon, I’ll be turning 30 in 2018. I’m growing older each day with this blog even though its still called SG Young Investment. This blog will always stay young and continue to inspire the next generation of young people even as I grow older. There are many decisions which I have made in the past 10 years, some good while some not so good. This is a letter which I would write to my 20 plus year old self which shows my life journey and also what I’ve learnt so far. Hopefully through this letter, you would be able...

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How I Save Almost 100% Of My Salary In 2017 And How You Can Do It Too

2017 has been a crazy year for me. Firstly, this is the year I spent the most. My expenses almost doubled from a year ago. This was probably the result of me foregoing tracking my expenses like how I used to in the past. My goal in 2017 was still to save at least 50% of my income which I would not have been able to achieve if I just relied on my main income alone. In 2017, I changed job for a higher income role. It didn’t really make up for the increase in expenses. My savings rate...

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The Dangers of Credit Cards And How To Use It Smartly?

All of us know that credit cards can be dangerous if we overspend and end up not being able to pay the bills on time. The interest on credit cards is extraordinary high because it is an unsecured debt, different from home loans which are considered secured debt. Interest on credit cards are around 24% which is 2% a month if we could not pay the full sum. There are also advantages of credit card which we will explore in the later part of this post as well. Dangers of Not Paying Your Credit Card bills in Full There...

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Summary of My Investment For 2017

How time flies, its near the end of 2017 already. We are now in the month of December which is just less than one month away from the Christmas and new year celebrations again. In this post, I will do a summary of my investments and what has happened in 2017. Nearer to the end of the year or early start of next year, I’ll write another post on the investment strategies for 2018. For 2017, it has been an extraordinary year for investments. You may ask how extraordinary is it? Using the Straits Times Index as a benchmark,...

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