Author: Singapore Man of Leisure

How to avoid saying you jobless

Jobless sounds negative. As if you can’t find or hold on to a steady ob.   Unemployed is worse. Now people assume you got fired or retrenched… No employer wants you…     Some may say there are “in between jobs”. Good try. People are not fooled. They straight away think you jobless or unemployed. LPPL.   So what to tell others and at the same time can make ourselves feel good? Never mind they are little lies we tell ourselves?       1.  I’m studying; I’ve gone back to school.   Ego feels better right? For the...

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Investment Not Required – Real Life Cases

I think I’ll follow up with more real life cases where Singaporeans are living or retiring well without the need for investments. Remember this old post:  Landed Property and Car with $6K per month Household Income Here’s one interesting case about a 67 year old ex-Regional Sales Manager’s retirement in Singapore: Merits of HDB 2 Room Flexi Scheme What’s my takeaways? Staying healthy can be more important than dollars and cents. CPF savings enough if you had a good career and didn’t over invest in properties so that you are asset rich but CPF poor. Flexibility and adaptability give...

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Which CPF Life Plan To Choose – Part 2 of 2

Its easier to score distinctions in Science and Math subjects as the answers are more binary – you are either right, or wrong. Precision. It’s either black or white. Simple! But for Arts subjects like Literature, there’s no such thing as right or wrong answers – you are marked according to how well you’ve argued out your case. Its grey, murky, and fuzzy, but we can see all 7 colours of the rainbow! (History can score distinction that’s because you have memorised the version that’s told by the victor; if you ask the subjugated, they’ll have another version –...

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Which CPF Life Plans To Choose? Part 1 of 2

Its amazing isn’t it? One would expect questions on CPF Life Plans to come from financially illiterate people or those not very into DIY investing or trading – not those from our community of financial freedom seekers… I mean if one can’t make an independent decision ourselves, it sort of brings into question our abilities to practice active DIY retail investing and trading, doesn’t it? Half the readers will leave in a huff now. Good. Now that I’ve filtered out the freeloaders, lets move on… I come with foreplay; I’m the man with the slow hands. Its all our...

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Buy and Hold – Who sold you that idea?

Nope. Not going to tell you what to believe. If you game for a simple exercise to test your conviction on Buy and Hold, do read on… Have you bought an Investment Linked Policy before? Your conviction on the suitability of the product for you must be strong, if not you would not have bought it, wouldn’t you? Fast forward to today when you are more financially literate. How? Almost all the hobbyist bloggers honest enough to admit they were dumb enough to buy ILPs have cancelled their policies. Even at a loss. Yes, ILPs are that toxic… What?...

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How to seduce customers to voluntarily pay their annual CC membership fees

Remember a time several years ago when financial bloggers and bleeding heart people were sharing in forums how to “save” money by calling your credit card companies and asking for waiver of the annual membership fess? I guess the message was so successful that it was “understooded” no one pays our credit card annual membership fees. Those who do are either so rich they couldn’t be bothered, or they are “bei kambings” who didn’t know better… Imagine if you were working in one of these credit card companies. How to turn this situation around as each dollar from these...

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Yield Hogs and Bird Brains

Dividend investing has several derogatory labels attached to it. Like being called yield hog (its a pig if you don’t speak american), or being sneered as an investment style more suitable for widows and orphans… What? Why you all looking at me? Ar ber then? How much money we need to live off dividends is quite simple to calculate. If one just need $4,000 per month for retirement, then at 5% yield, we need minimum $2 million to sleep soundly at night. What’s with that “extra” $1 million? Those who drive a car or ride a motorcycle would know...

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LPG, Newspaper, and TV

Liquified Petroleum Gas At my current weekend sales gig, one of the home appliances that I help “promote” are hobs (stoves). When we sell a hob, we need to ask the customer whether they are using piped PUB gas (aka Town Gas), or using those blue liquified petroleum gas (LPG) cylinders. Of course the majority of customers are using PUB piped gas. I’ve noticed the minority still using LPG are the elderly (60s and above). And learnt something I didn’t know before – there are some ancient HDB flats that have no piped gas installed for the whole block!?...

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Wolves in our midst

Remember the 80s Scholl sandled touts with high waisted pants and permed hair outside of Lucky Plaza? (Millennials, sorry. You too young) Well, we have them too in our financial blogosphere: SEC: Articles on some investing websites were by people secretly paid to tout stocks Singapore Man of Leisure (welcome to my blog; just google...

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Netlink Trust IPO – who benefits the most?

If you answered Singtel shareholders… Not bad. You close. Big daddy lah! Or to be precise, Temasek. Smart people. Perspective from not bei kambing retail investor   Those of us who have core holdings that we’ve owned for ages. Would you sell 75% of a stock that’s still growing, performing, and giving you good dividends? You only do so when the reasons you bought have changed. Or the valuations have gotten a bit “rich”. You take some money off the table… (risk management, re-balancing that sort of stuff) Talking about risk management. If you have taken too much debt/leverage...

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Go Find A Purpose!

Zuckerberg to Harvard students: Eureka moment is a lie, go find a purpose I know what you are thinking. You are right. Newton’s third law of motion: For every action, there is an equal and opposite reaction. That’s why I always like to hear the opposite view: Survivorship bias Want to have a bit of fun this weekend? Look at those people who wear “goals” on their lips all the time. Take a good look at them. In case you forget, goals usually have numbers in them, without them, goals would not be “SMART”, would it? Now try to...

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Visions, Dreams, Ikigai, and Goals

I am better organised now! For those of you who have this lingering feeling of “emptiness” in your heart even though you have hit all the goals you have set for yourself, you may want to click under: “My interests” and on the “Dreams and Goals” tab located on the right column of my blog. There, you’ll find the deranged and hallucinated writings typical of a grasshopper. Mind you, the perspective of the grasshopper was borne out by his past life as a purchaser visiting founder owners of factories throughout Asia. Its a real privilege to be able to...

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Don’t Sweat The Small Stuffs

Cutting coupons, jumping through hoops to earn that extra 1% plus in interest, skipping that drink during lunch, looking for the lowest cost ETFs or brokers… I know, a little bit, little bit will slowly add up to a mountain as in the words of wisdom from our Malay friends: Sedikit-sedikit lama-lama jadi bukit. However, there are 3 major financial decisions that if we got them “wrong”, all the nickel and dime above will come to naught… Your first property purchase Buying our first home, whether it be public housing or private properties, this is probably our biggest financial...

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Herding Affirmation Meets Contrarian

Monkey see; monkey do. We know what it meant (not exactly flattering); but it feels so much more comforting to swim as a school of sardines, to graze together as a herd of zebras, fly as a flock of geese, and hunt together as a pride of lions. Although we call ourselves DIY “investors”, we buy subscriptions to newsletters that tell us what the famous investors or hedge fund managers are doing and jump on the same bandwagon. The freeloaders just mimic other commercially vested financial bloggers. Free what? That’s very comforting until we stumbled onto Contrarian Investing. And...

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