Author: Investment Stab

Singapore Budget 2016 – Service & Conservancy Charge (SCC) Rebate

Announced on the 24th March 2016’s Singapore Budget, Singapore households will receive between 1 to 3 months of SCC rebates in the year 2016. The months of the rebate were not announced. But if like previous years, the rebate will be given out in April, July and October of this year. Below is the rebates for the different type of housings. MORE LINKSCan’t Hit CPF Retirement Sum?4 Things to know About Withdraw $ from CPF5 Financial Things to do in your 20s6 Points your CPF is like your Bond PortfolioReducing CPF Housing Accrued Interest5 Things about CPF Nomination YOU SHOULD KNOW Remember...

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Berkshire Hathaway 2016 Annual Letter

Key Lessons by Warren Buffett to Investors in his annual Shareholder Letter. Same as with last year, we summarised some of the key points to note from the Legendary Investor’s Annual Letter to his Shareholders (and fellow investors!) The full 2015 annual report is available HERE. Key lessons for 2014 available HERE. MORE LINKSCan’t Hit CPF Retirement Sum?4 Things to know About Withdraw $ from CPF5 Financial Things to do in your 20s6 Points your CPF is like your Bond PortfolioReducing CPF Housing Accrued Interest5 Things about CPF Nomination YOU SHOULD KNOW 1) Low Growth? No Problem – as long as population...

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What IF I Can’t Hit my CPF Retirement Sum?

Dear Readers, I would like to share with you an important issue I believe every Singaporean faces: What if I cannot hit my CPF Retirement Sum? Answer: NOTHING HAPPENS! MORE LINKSFresh Year, Fresh Pessimism? 4 Things to know About Withdraw $ from CPF5 Financial Things to do in your 20s6 Points your CPF is like your Bond PortfolioReducing CPF Housing Accrued Interest5 Things about CPF Nomination YOU SHOULD KNOW Do not worry. If you do not hit the Retirement Sum (FRS or BRS), there is no penalty involved. You are also not required to top up the difference to CPF in the event...

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4 Things to know about Withdrawing Money Out of CPF

We all know that we can withdraw some of our money from CPF upon reaching the age 55, but do you know there are some things you should know about it? MORE LINKS Fresh Year, Fresh Pessimism?  CPF +1% Interest for those age 55 & Above 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest CPF +1% Interest for those age Below 55 1) Withdraw $5,000 at age 55 If you turn 55 in year 2016 and after, you may withdraw $5,000 from your CPF OR amount above...

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6 Points your CPF is like your Bond Portfolio

While most people considers CPF money not as theirs and ignores it as part of their retirement planning or investment portfolio, we tend to think that CPF compliments those 2 things! We think that money in CPF is like money in invested in Bonds (Terms & Conditions applied). MORE LINKSFresh Year, Fresh Pessimism? CPF +1% Interest for those age 55 & Above5 Financial Things to do in your 20s5 Things about CPF Nomination you should knowWhat Bond Buying Taught Me about Car BuyingCPF +1% Interest for those age Below 55 A standard retirement portfolio consist of bonds, stocks (equities) and cash....

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5 Things about CPF Nomination of Your CPF Monies

CPF has been pushing for its account holders to state their Nomination for their CPF money. Below are 5 points you should know about it! MORE LINKS Fresh Year, Fresh Pessimism?  CPF +1% Interest for those age 55 & Above 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 What Bond Buying Taught Me about Car Buying CPF +1% Interest for those age Below 55 1) A nomination is recommended for CPF money to be distributed to your nominees. Your CPF money is unable to be distribute according to your will. Your...

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What Bond Buying Taught me about Car Buying

Buying a Car in Singapore can follow the same principles as Buying a Bond. Mainly it is not the car but the Certificate of Entitlement (COE). COE prices are like Bond prices. Although COE are not affected by interest rates movement like bonds, they follow similar buying patterns in terms of future expected prices. MORE LINKSFresh Year, Fresh Pessimism? CPF +1% Interest for those age 55 & Above5 Financial Things to do in your 20sSingapore Finance Minister on Personal Finance Part 2Reducing CPF Housing Accrued InterestCPF +1% Interest for those age Below 55 Bonds If you expect interest rates to...

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A new year; fresh pessimism?

As we are almost done with the first month of the new year, there seems to be more pessimisms lurking in the market, especially locally. Stock markets are tumbling lower, where the STI has dropped an estimated of 9%. The local property market is not doing well either. To add on, recently there were news of retrenchments that will be done in the local jobs market. Is just me or it seems that 2016 doesn’t feel like a good year? The earlier crash of oil prices to new yearly-lows has negatively affected numerous local sectors, especially the oil rig...

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CPF Interest if I am age 55 & Above

In 2016, if you are age 55 or above, the First $30,000 of your CPF Balance will receive a bonus +1%. This bonus +1% is on top of the extra +1% given on your first $60,000 CPF balance. MORE LINKS Accrued Interest More than Housing Profits? CPF +1% Interest for those age 55 & Above 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest CPF +1% Interest for those age Below 55 If you are age 55 and above, the order of the bonus 1% interest goes like...

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CPF LIFE Income DIfference

In today’s post, we will be discussing about why is the Full Retirement Sum monthly payout not double the Basic Retirement Sum’s payout. MORE LINKS Accrued Interest More than Housing Profits? CPF +1% Interest for those age 55 & Above 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest CPF +1% Interest for those age Below 55 As you can see below, it is an image of the monthly payout you will get based on the different Retirement Sum. The FRS is 2x of BRS. However, the...

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Effective Interest Rates on CPF Accounts

Is it always good to have a lot of money in your CPF? Maybe, maybe not! As the amount of money in your CPF account increases, the amount of interest you get from CPF increase (and they pay pretty high interest). However, as your account balance grow, the effective interest rates you are getting from CPF also decreases. What is Effective Interest Rates? EIR is the total interest you are paid on the total amount of money you have. Eg: Total CPF Interest for the year divided by your total CPF balance (express in percentage). MORE LINKS Accrued Interest More...

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CPF Bonus +1% Interest for Age 55 & Above

Distribution of the CPF Extra +1% of Interest between your CPF Accounts There is a sequence in how the bonus CPF +1% interest is distributed into your CPF account. The sequence would determine how much money goes into your 4 different CPF accounts. MORE LINKS CPF Bonus 1% Interest for Below Age 55 Accrued Interest More than Housing Profits? What CPF means for those in their 20s? 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest The Christmas Stock Market Rally If you are age 55 and...

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CPF Bonus +1% Interest for Age below 55

Distribution of the CPF Extra +1% of Interest between your CPF Accounts There is a sequence in how the bonus CPF +1% interest is distributed into your CPF account. The sequence would determine how much money goes into your 3 different CPF accounts. The higher the percentage your OA & SA make up of the $60,000, the higher the chances of you drawing out your CPF at old age. MORE LINKS Accrued Interest More than Housing Profits? What CPF means for those in their 20s? 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance...

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The Christmas Stock Market Rally

December is the month of the Stock Market! MORE LINKS Accrued Interest More than Housing Profits? What CPF means for those in their 20s? 5 Financial Things to do in your 20s Singapore Finance Minister on Personal Finance Part 2 Reducing CPF Housing Accrued Interest http://www.cnbc.com/2015/11/30/86-years-of-history-point-to-year-end-rally.html December has been a time where the market has never performed worse than any point in the year. December also has a history of posting gains from the start of the month to the end of the month over 86 years. When the market start the month of December above the 200 day...

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What CPF means for those in their 20s

CPF, in short for Central Provident Funds, is a “social security system that enables working Singapore Citizens and Permanent Residents to set aside funds for retirement. It also addresses healthcare, home ownership, family protection and asset enhancement.”. Source: https://www.cpf.gov.sg/Members/AboutUs/about-us-info/cpf-overview This is quoted from the CPF website and as defined by CPF. While most people would think that CPF is just applicable for old people, youngsters should definitely not neglect it. This is especially true due to the magic of compounding interest. So what are the schemes that people in their 20s should know? 1. CPF Education Scheme This scheme allows you...

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