Author: Singaporean Talks Money

I thought I will get rich once I start work + Updates on my life

In school, I always thought that I will get rich once I started working as it would mean that I have a steady stream of income every month. However, after starting work for about 6 months so far, I find that it is not as easy saving money as I thought. From giving allowances to my parents, transport, food and also insurance payment, the bulk of my salary is being used up every time it gets credited to my account. Right now, my accumulation is slow as my income is not high. I do know that I would need...

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Differences in perception of money

Just writing something short that came to my mind: I was having a meal with my family awhile back and one of my aunt mentioned that the rich would get richer and poor will stay poor because the rich have so much capital to grow. I do agree to a certain extent as my cousin who is pretty rich, is able to use a larger amount of his money to invest as compared to me and people his age. This is because he has a much higher allowance given by his parents and he need not worry about making...

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Taking a short holiday this week

Tomorrow is a public holiday which is Hari Raya Puasa. I will be taking Thursday and Friday off to go for a short trip. Having the chance to go overseas after working for awhile kinda feels great like a reward after working hard. My friend works as an auditor and she told me that her colleagues can book a trip but just spend the whole time in the hotel room resting and catching up on theor trip because they are not able to do that in Singapore when they work. Her work has a lot of overtime and also...

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May Updates – Portfolio and dividends review.

For May, not much movement in my portfolio. As usual, my regular saving plan (RSP) purchased 59 units of Nikko AM STI ETF (G3B) at a price of $3.34350 each. So this brings my total units for G3B to 612 units. My portfolio so far: Dividends received in May: First REIT: $21.50 SGX: $15 Tai Sin Electric $17.25 Total dividends for May 2019:...

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Is investing aggressively during your 20s right?

Recently, while watching this Youtube video on how to invest in your 20s to be wealthy in your 30s. It was mentioned in the video “If you’re in your 20’s…INVEST EVERYTHING, IMMEDIATELY because $1 invested at 20 years old at a 7% return will be worth $21 at the age of 65. However…if you wait, and invest that same $1 at 30 years old, it’ll only be worth $10.68 at the age of 65.” This got me thinking especially since I am in my 20s. Should I be putting more of my money into my investments? Since I have...

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Progress towards my first $100K

We all have goals and from my previous post about my total assets being over $10 000. My next goal will be to reach $100 000. Read more: Portfolio review – Breaks $10 000! and dividends received in March 2019 $100 000 is a rather huge sum and it definitely is substantial to make a difference in your life. Read more: My Financial Goals – Is $100 000 in 7 years possible? For now, I would say that I am on track to this goal of $100 000 by the time I am 30 years old. Currently, Cash on...

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April 2019 Portfolio Review and Dividends Received

April was a pretty good month, my portfolio is still in the red but the losses has reduced. My portfolio currently has a loss of about 7.5% excluding dividends. I have a RSP set up with $200 buying G3B. For this month, 58 units of G3B was added to my portfolio.  No dividends received this month. For the month of May, dividends would be coming from Tai Sin Electric, SGX and First REIT. Month Dividends Collected January 52.87 February 64.5 March 51.81 April 0 May June July August September October November December –> Current portfolio has a value of...

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Having to pay $5000 before being able to cancel a credit card?!?!?!

I was really frustrated recently due to a certain bank’s credit card. The card is known for being good for miles as the miles don’t expire and my mum has been holding the card for while. Read more: Having a good credit score She got charged for annual fee for that card and so she called in to enquire about it. She was told that they would minus her current points for the annual fee and my mum agreed. My mum had accumulated pretty much points in the card and since she was going to be cancelling it soon,...

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Communication skills in the workplace matters so much!

After officially working full-time in a job for about 5 months, I have realized the importance of being able to communicate effectively. Being able to communicate effectively can give people the impression that you know your stuff well and that you are working hard. Read more: Updates on my first week at my new job – Expenses, Colleagues and Environment For me, I am rather introverted and would choose not to say anything in meetings. Also, i realized that when my boss talks to me, I tend to just agree and will not really suggest or explain unlike my...

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I just officially graduated!

Last Wednesday was my graduation ceremony and I have now officially graduated from my university. So on my graduation ceremony, my friends and I met up before that and we were catching up on whats been going on in our life. For most of us, we have already started working and what most of us found was that it really is not that easy to find a job with our psychology degree. Read more: Finished School, What’s Next? We have a few other friends who took computer science and digital systems and for them, they had jobs lining up...

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Losing my iphone 8 – what a bad experience

I lost my iPhone 8 over the weekends on Saturday morning. So what happened was that I was wearing a pair of shorts with pretty shallow pockets and I placed my phone in it. My mum and I was walking towards the bus stop when we saw the bus that we were going to take so we ran for the bus and my phone could have dropped out during this time. Another way is that maybe on the bus when I sat down, the phone could have dropped out of my pocket. I only realised that I lost my...

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Portfolio review – Breaks $10 000! and dividends received in March 2019

March review is here! March is a special month for me as it is my birthday and also my mum’s birthday month. Read more: HAPPY BIRTHDAY TO ME! Of course, this march also marks a special occasion as my total investment portfolio breaks $10 000. Since I have a regular savings plan set up, a portion of my income goes to building up my portfolio in terms of Nikko AM STI ETF. I keep money on the side for other stocks that I would like to have in my portfolio while waiting for the right price before getting in....

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My mum resigned from her job, whats gonna happen next?

So my mum just tendered her resignation last Friday. To be honest, I never expected her to resign so soon. I think the stress building from her new boss and change of working style has really gotten to her. Read more: Losing a fellow comrade at work She still doesn’t have a concrete plan as to what she will be doing but as she turns 60 years old this year, she wants to take a break and have good rest. Of course, if possible, I like her to enjoy her time but for now, with my amount of pay,...

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Being a contract worker – Know your entitlement

Being a contract worker means that you are not able to enjoy the full benefits of the company. Also, you lose on bonuses as only a completion bonus might be paid for contract workers. So when I became a contract worker, I was actually also confused as to what I am entitled to and what should I be fighting for if it wasn’t given to me. Read more: Gotten a new job but it’s a contract job – Are contract jobs inferior to full-time jobs? It is also confusing for contract workers as the work period can range from...

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Planning to diversify my portfolio to overseas stocks

I have actually been thinking about diversifying my portfolio and I first wanted to get into buying US stocks. However I realized that the process is a little more complicated and a higher capital would be preferred so I decided to find if there are other alternatives. I found that we can invest in Hong Kong markets with no withholding tax rate on dividends unlike US where there is a 30% withholding tax on dividends. So I would be starting with getting into the HK market first but first, I would need to figure out what brokerage firm I...

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