Author: Singaporean Talks Money

Is a Recession Heading our Way, Updates on My Life as well.

So I was having dinner recently with my aunt and uncles, then the topic came up about money in the stock market. My aunt who frequently buys stocks started telling us that a recession will be coming soon. I was thinking in my head wow, what a thing to say. Maybe to people who have gone through it before, they do know when it’s coming. But to me, I don’t really know how to tell if a recession is coming. (Time for more reading up) I will be graduating unofficially this November, I started my job search awhile back...

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Crazy Crazy Day – STI ETF dropping to $3.09

Today is a crazy day indeed, when I saw the prices of the various stocks last night, I was like ,”Exciting day ahead tomorrow…..” Well, it has been a crazy day indeed, I started investing only last year in 2017 so to be honest, this is the worse my portfolio has been looking. I do know that there are definitely up and downs in buying stocks and that I need to not be so affected by it. But wow, every counter is in red, I mean there have been times when counters are red but not all at the...

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Income Inequality and Education Causing a Divide in Singapore?

There has been a video going around and it has been gaining a lot of attention among Singaporeans especially during this period of exams where PSLE and O levels are around the corner. If you haven’t seen the video yet, here it is. In the video, it starts with interviews of young kids of around 9-11 years of age. One girl mentioned that if you owned ‘branded items’ like smiggle bags and smiggle pencil cases, you would be the most popular kid. When I was young in primary school, I kinda felt it as well, from OP bags to...

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Portfolio updates for Sep 2018

I bought a new REIT counter into my portfolio. I bought 700 shares of Capitaland Retail China Trust (SGX: AU8U) at a price of $1.43 each. I actually was eyeing this stock for awhile and it did go down to $1.40 but I bought it at $1.43. I like that it has a price to book ratio of 0.848 which is lower than 1 and a gearing of 32.1%. Capitaland Retail China Trust portfolio includes 10 properties in China. I have been wanting to include more REITs into my portfolio in an attempt to increase my dividends. My overall...

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Should parents hold on to a child’s savings?

I was talking to my classmate recently about saving and investing. She knew that i actually do invest a portion of my money and she was really curious on what made me started on investing. Read more: About me and why I started investing After telling about it, she told me that she was pretty interested in it as well even though she has zero knowledge. I told her that she can start by reading up online first and also to find out more. She then told me that actually, she has no money on hand that she can...

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FIRE in your 30s?

Many of my friends who have not entered the working world or have just started work always talk about retiring and how they hope to be able to retire at a certain age. I am very surprised by the proportion of people around my age who think about retiring because for my parent’s generation, retirement wasn’t an option until we (kids!) became adults. The environment that surrounds us and the environment that we,millennials grow up in really changes our mindset of working. Read more: Retiring Early and comfortably?- What is FIRE? I came across an article recently about FIRE...

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Effect of Price Increase in Transport ($5.30 more per month?)

Public transport is very important in most Singaporean’s life, we rely a lot on the public transport because cars and motorcycles are expensive in Singapore. So it was recently reported that there could be a 4.3% increase in our fares. So recently, water and gas prices have also increased and I think generally everything has increased in price. My family was having a discussion recently and I of course, feel that the price increase is not so good given the recent earlier ending times and upgrading going on. On the other hand, my brother mentioned that Singapore’s transport fares...

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STI breaking it’s 52-weeks low. Time to buy in?

Today (6th Sep 2018), STI ETF (ES3) have recently reached a new 52 week low of $3.17. With this new 52 -week low, I have a FOMO feeling because my average price for ES3 is $3.302 and I can really bring the average price down. However, with the market being so unpredictable right now, I hope to be able to wait awhile and see. Of course, for now, I am not planning to have any buy transactions as I am building my war chest. With the 150 MA crossing 50 MA, there might be a further drop in the...

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Can PSLE change your life?

Taken from schoolbag.sg I currently give tuition to two primary 6 students and I have got to say that the amount of stress on a kid who takes PSLE is pretty overwhelming especially if the parents expects good results from them. One of my tutee performs pretty well for her mathematics, averaging an A most of the time and to me, she faces quite a lot of pressure from her parents to perform well. She also expects much from herself and hence places a lot of emphasis on scoring well for PSLE. She has also broken down a few...

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Paying Back a Student Loan of $62 000

I am lucky to have my mum who is able to provide for my education and not needing me to borrow from the bank for my education. When I first entered university, I realised that many of my peers had an education loan where they would need to start paying back a small amount each month followed by a larger sum when they graduate. Recently, I came across this video about student loans in the United States. Seeing how the woman has to pay back her debt with a crazy high interest rate is sad because what she pays...

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My Financial Goals – Is $100 000 in 7 years possible?

I have been delaying this post for awhile and it is a rather important post to be honest.  Just as this quote, “Begin with the end in mind. – Stephen Covey”, goals are the first steps to every journey we take and are also our last. It is important to set goals and work towards it in your life. I have listed out a rough guide for myself of the amount to save and how much I hope to save at the end of that year, I did not include investment gains or bonuses for now. Right now, I...

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Road to $1000 000 – Financial Consultants

Recently, a few of my polytechnic friends have become insurance agents, they have decided on being an insurance agent after learning about the prospects of it. Being from a science course in polytechnic, I was surprised that my course mates have decided to choose to become insurance agents. In Singapore, there are many bad impressions of being a financial consultant. Mostly is that some of your friends or family might begin to keep a distance from you because they are afraid that you would want them to purchase your products or that you will keep pestering them. But I...

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Art of Rejection

Have you ever been rejected when you asked for something? I am definitely sure that it has happen before. I used to be a really really shy girl when I was young. I would avoid all eye contact or conversations needed. Even going up to a cashier to buy stuff would make me worried that I screw up what I was about to say. Things started getting a bit better when I went to polytechnic. It was when I was exposed to a whole new environment. I learned that to get what I needed, I need to say it...

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An Extra $660 After 3 Years

1st August 2018 is when GREAT220, a savings plan from Great Eastern is being released. My mum has been wanting to sign up for it since it’s previous editions like GREAT205 which was released in March 2018. However, the demand was so high that my mum had no chance to sign up for it. Read more: Savings Plan Yes or No GREAT205 which was released on Mar 2018 had an interest rate of 2.05%. GREAT220 has a higher interest of 2.20%. My mum got to know about this because her friends were all talking about it. Most of her...

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