Author: The Bf Gf Money Blog

The Bf Gf Portfolio – May 2017 ( 1 Year Later )

  Long time no blog! Here are some updates to my portfolio after being silent for quite some time.  The last time I blogged about by stock portfolio holdings was in this post. Basically…It’s been mostly me pressing the BUY button almost every month. The only sells I made during the year were: Linkedin – Sold due to acquisition (Break even) Solar City – Sold due to acquisition (Loss) Valuetronics – Sold due to lack of confidence (Obviously that seems like a mistake now cos it went up 100% from my selling price of 42 cents…Urgh!!!) Keppel Corp –...

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What is True Wealth?

Friends, readers, fellow financial bloggers… today, I want to challenge your understanding of wealth, your perception of financial freedom, and your dogged pursuit of material gains or success. But first, to ensure you that I am not approaching this topic of wealth from the proverbial moral high horse, let me share some details and experiences that led me to the thinking that I seek to ‘impose’ on you today. The Bf Gf blog was born out of a hard talk between the Gf and me, when we realised that our finances were rather weak, and we may have difficulties...

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5 Life Lessons Learnt From 5 Years of Business

5 years ago, I quit my job to head-dive into the world of business.  The director of my company discouraged me and told me that if he knew how hard business was, he would have never done it.  Upon hearing that, I got even more excited. “BRING IT.” That was the only thought in my mind. Few years later, I remembered those words.  And boy was I struggling.  But hear me out, there’s a light at the end of the tunnel.  If you get inspired by what I have written, I dare confidently say: YOU ARE ON THE RIGHT...

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Being Truly Rich vs Looking Rich

This short, stumpy man waddled up to me.  He wore a raggedy work shirt with 2 buttons unbuttoned from the top.  His helmet was stained.  His boots were muddy. “Ay! When is your barge arriving to unload all the materials?” he shouted at me in a whiny voice. I did not work with him.  He was not from my company.  Why was he asking me this question? Nevertheless, I replied, “10am!” He stood there, surveying the entire Ah Huat Shipyard.  His keen eyes taking in every single detail.  This was a busy shipyard where lots of ships and barges come to unload...

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How to Teach Your Children to Save Money

Saving is a habit that needs to be inculcated since young.  Children need to understand and appreciate the value of money. The idea is not to groom your children to grow up and be a money-face monster. The whole idea is to expose them to wealth building knowledge and prepare them for their future.   There are many ways to develop the habit of saving. I spoke to some young mothers and here are some of the tips they have to share: 1. Pay Your Children after they complete a task In this generation, kids or even teenagers are having a very good life....

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The Art of Decluttering and Organizing

‘Horrendous’ is the word to describe my room. I had a very messy room. I tried different methods to tidy up my room and i am always looking out for tips and tricks to make it happen. One day, I came across this book: The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing. Initially, I did not believe there is such a profession who teaches people to tidy their room. I have read many successful reviews of Marie Kondo and how she has helped many people de-clutter. The most important lesson I have learnt from this book, is...

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What to do with Your Skillsfuture Credit

The Bf is a serial learner.  He always emphasizes on skill upgrading, to me and to his friends. Many of us stopped learning after we have graduated from school. As a quarter of our lives are spent on studying, most of us do not wish to have any relation to any books or reading material for the rest of our lives. However, by reading books or listening to webcasts, we are gradually upgrading ourselves in terms of knowledge and skills. Soft skills, hard skills, people skills – all these skills will contribute to our self-development and career progression. As you should know...

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BfGf – Transactions for April

After looking at the wild swings in my portfolio in the previous year, I realise that I need some stability in my portfolio.  Hence, for these few months, I am steering my allocations toward more stable, large cap companies. Here are the stocks I bought last month: Berkshire Hathaway (BRK.B) I have avoided BRK.B for years because I have labelled it as a boring, trudging elephant.  However, after experiencing ‘exciting’ rides in my small cap stocks, I start to appreciate slow and boring.  I bought more shares at $144.67.  And will be looking to add more to it such...

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Kingsmen Creatives AGM Review

Not only was this the first time I was attending a Kingsmen Creatives AGM, it was the first time I was attending any AGM ever!  (The Kingsmen Creatives AGM was held at 3 Changi South Lane at 10.30am on the 28 May 2016.) I must admit that I refrained from going to AGMs because of the horror stories I’ve heard about uncles and aunties fighting over free buffet spreads.  The Kingsmen AGM remained classy (thankfully).  It was great to make new friends at the Kingsmen Creatives AGM and also meet prominent local blogger, Brian, who blogs at – A Path to...

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What You Need to Know about Your Housing Loan in Singapore

Housing loans are ubiquitous in the world of finance and real estate. Homes cost money – a lot of it – and the majority of us don’t have the money to lay down all at once. Thus, loans and mortgage systems are put in place so everyone can get the chance at their dream home, under the condition that they pay off the total cost of the home with a yearly interest rate in exchange for living in it on a down payment. While that’s the basic gist of any home loan or mortgage in the world, there are...

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BfGf Investing Checklist

Recently I was listening to an Audiobook titled: Education of A Value Investor, by Guy Spier.  In the book, he talked about the importance of having a checklist for investing and cited Monish Prabai as one investor who use a checklist to make investing decisions. Feeling inspired, I dug up Philip A Fisher’s book: Common Stocks and Uncommon Profits and read through his check list again. As Philip Fisher’s investing philosophy really strikes a chord with me, I decided to use his checklist to aid my investing decisions.  Hence, the check list you see below contains several points from Fisher’s...

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BfGf: Credit Cards Review 2016

I will be doing a yearly review on Credit Cards we are using. Credit Cards become obsolete from time to time and new cards are introduced to suit to the market’s need. After doing a review last year, many readers gave recommendations and comments on the cards. I did a review and decided to combine and cut down on the number of cards I have. I can say it is a big improvement for me. *Pats my own back* Here is a summary of the number of cards we own: The gf: 4 cards The bf: 3 cards Updates to our Credit...

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How I spent $2,365 on My Birthday.

So…. On my birthday… I went on a spending binge. Here’s what I spent on and what was going through my head. Roti Prata Brunch – $15.50 The night before the Gf had treated me to one of the best pizzas in Singapore. The restaurant is located in MBS.  But when I woke up the next morning, I had an uncontrollable craving for Masala Chicken Curry and Roti Prata.  Since I wasn’t working that day, and the Gf had taken leave, we drove down to the Prata place to eat the breakfast of champions. TrickEye Museum – $50 At...

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BfGf – Transactions for March 2016

Wait what? It’s April already? Moving away from my big, shove-it-all-in style of investing in the past, I have decided to adopt a ‘nibbling’ approach.  Investing in small amounts, spreading out over different stocks allows me to diversify my allocations over TIME. This method allows me to have ample cash on hand, and at the same time, allows me to add on to more positions over time.  I do not have to wait for the perfect valuation or market drop to push my chips in.  I can just build my portfolio, bit by bit, whether the market goes up...

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Should You get a Part-Time Degree?

This blog post addresses some points you need to consider if you should get a part-time degree. I went on a trip to Japan for a holiday late last year with The BF after completing my part time studies of 4 years. While sitting on this “romantic train”, I did a self reflection on what I did for the past few years. Basically, my life have revolved around work and study, and maybe a once a week yoga session. “What have I gained?”, I ask myself this question everyday after getting the degree. Well, an engineering degree certificate, a chance to wear the...

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