Author: Turtle Investor

Miles vs Cash-back : No Prize For Guessing Which Camp I’m In

[Disclosure : Not a sponsored post] Once upon a time, I was in the cash-back camp .. using a miles card. Ha! Didn’t see that coming, did you?! My first credit card with Citi was the Premiere Miles. Of course, the conversion rates were different back then. 1,000 Citi Miles could be converted into a $10 rebate which effectively made it an 1.2% rebate card on everything. No minimum spend, no cap, no expiry, no gimmicks, no trickery. And the hotline was a dedicated one with no waiting and excellent service. Right now? It’s going for 1,400 Citi miles...

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Making Sense Of CPF Retirement Sum Scheme (Using My Parents As An Example)

It is little more difficult to get information on the older Retirement Sum Scheme. Here is my summary after spending some time Googling. If you don’t want to rely on my “rojak” research skills, there is always the Central Provident Fund Act which is the authoritative source of information. I actually drafted this post last week and I thought I’ll add a snippet here because very recently, there was a controversial article regarding a letter sent out by CPF Board. I don’t wanna give traffic to the original source so this will have to do – Dollars & Sense...

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My Net Worth Is Still 6-Figure And I’m OK With It (2019)

My net worth post came a little slower because I was waiting for my CPF interest to be credited on the last day of 2018. I remember when I was still in school, there were always ten-year series questions to attempt before the actual exams. That was my inspiration for my last CPF post, which was rather easy because CPF statements are available online. See Previous Years : Net worth is a little trickier, since whatever data I have a result of expense tracking and budgeting which I’ve been doing. I don’t have ten-year series, but I do have...

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Gili Lankanfushi Fire Destroyed 7 Villas, Damaged Kitchen & Restaurant (See Map Inside)

If you’re reading because you Googled for the fire, most of the web articles sensationalized the fire and actual impact. Although the fire was serious and warranted the evacuation of guests and closure of the resort, what we know is that only a section of the island resort was affected. Gili Lankanfushi remains fresh on our minds, for both my wife and myself, whenever we visit a new resort. Nothing can quite compare to the unforgettable experience. Villa Suite – 210 sqm of paradise When I was enjoying a vacation in Taiwan, our ex Mr. Friday from Gili Lankanfushi...

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CPF Money That Keeps Growing (2019)

As with each passing year, I would post a little update for my CPF numbers. Like I have stated many times, this isn’t a pissing contest. You want big numbers? AK’s blog is this way. See previous posts here – CPF Money That Keeps Growing (2017) CPF Money That Keeps Growing (2018) CPF News – $57,200 Basic Healthcare Sum For 2019 In my update for 2018, I estimated that I would achieve the CPF Full Retirement Sum (FRS) at the age of 38 in the year 2020. Looks like I’m going to have to up the ante this time...

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Review Of 2018 ; Hopes For 2019

Review Of 2018 A quick overview of 2018 – it has been a relatively good year despite the hemorrhaging market. I love bullet points and will use them for your easy reading! 1. Investment Core Index portfolio ended -5.3% (YTD), 5.17% (All-time) Income portfolio ended +0.5% (YTD), +52.94 (All-time) Wife income portfolio ended +6.71% (YTD), +28.91% (All-time) // the irony 😉 Added Singapore Savings Bonds (SSB) Entered crypto battleground with a tiny pot of money Life is full of irony. The defensive portfolio I put together for my wife trounced my own! 2. Personal Finance Achieved Basic Healthcare Sum...

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Blog Income Report 2018 Kaa-Chhiiing!

What would you be willing to do for few thousand dollars of alternative income? What would you be willing to give up in exchange for side hustling? * Book will be given away at my 5th annual giveaway For the year of 2017 and 2018, I did not accept a single sponsored blog post. Instead, I focused my attention on the basics and making sure things that worked well can perform even better. The outcome is a little bit on the wild side as there was no indication that it would be such a big year for a side...

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Turtle Investor Chat Highlights #1

Meanwhile, overheard on Turtle Investor Telegram Chat … Joseph Schooling “Shilling” Singapore Savings Bonds It’s not every day that you see Joseph Schooling promoting Singapore Savings Bonds! Year #1 of this tranche is 2.01% and I have applied for $5,000 as well. Last day to apply for this tranche is 26th Dec, and application results will be available on 27th Dec. Issue date on 2nd Jan 2019 with first interest payment on 1st Jul 2019. Also, in March 2019, MAS will also launch a My Savings Bonds portal to provide investors with a consolidated view of their SSB holdings purchased using...

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Obvious Solutions Cost More? Think Creatively! ($1.20 vs $71.27)

I have a Bosch stacked washer and dryer set in my service yard, and they have been performing admirably for the past seven years. Not as nice looking as the one below but you get the idea. Life is too short for laundry (hahaha) which is why having a dryer at home is a must for me. How a dryer works is pretty simple – washed clothes are tumbled in the dryer unit and the hot air + water vapour is ventilated to the outside of the house via a tube. As far as cheap materials go, it (the...

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7 Types Of Accommodation In Taiwan For All Budgets And Seasons

Not too sure where is the fun in blogging about vacations when the focus is on how much one has saved or spent. I’m not the type who enjoys blogging about how much I saved on my trip or how little my overseas holiday cost. I’m also not the ‘You Only Live Once’ (YOLO) type, either. Yes, I do enjoy finding good value for the money I’m spending, though. Stuff like helicopter rides, best hotel in the world and business class flights? Yeah, that’s right up my alley. Today, let’s talk a little bit about Taiwan. It is a common destination...

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Turtle Investor 5th Annual Giveaway – Join Now!

Alright, I messed up. Last year was supposed to be the 5th Annual Giveaway but I was too pre-occupied with stuff and I skipped it. To make up for up, I’m going to have not one but two free books up for grabs this time round. Take it as a little giving back to you guys and ladies who come back to this blog, time after time. Retire Smart, Lorna Tan Side Hustle, Chris Guillebeau      Annual Giveaway Contest Ends Soon – How Long More To Go? As always, I’ll grab a list of all subscribers as of 31st...

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Play-Money : How Does The Non-Indexing Portion Of My Portfolio Looks Like?

Writing on this blog is fun! I don’t preach, but I share what I’m doing – from CPF (Milestone For Myself As A 35-Year-Old), HDB (Choosing A Longer HDB Loan) to investments (Index Investing In Singapore 2018). Come 24th December 2012, I would have blogged for 6 years – first on Blogger, and later on WordPress till today. Not necessarily popular opinions, but I’m happy with the choices I’ve made and know the reasons behind my decisions. And this is what blogging is all about 🙂 I started writing because of Index Investing (after reading The Millionaire Teacher on...

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CPF News – $57,200 Basic Healthcare Sum For 2019

The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. The BHS is adjusted yearly for members below age 65 to keep pace with the growth in MediSave withdrawals.  Once members reach age 65, their BHS will be fixed for the rest of their lives. Read : Official CPF Article For 2019 BHS Here For 2019, the amount has increased by 4.95% from $54,500 to $57,200. So my projection of $57,000 was off by $200, but not to worry, everything is cool. It is simply an estimation and I’m already expecting a number...

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AutoWealth 3rd Anniversary Celebration @ HRVST

AutoWealth had its 3rd anniversary celebration at HRVST yesterday birthday, and yours truly was lucky enough to be invited to grace their event – as their client, obviously 🙂 Gotten myself a cool door-gift from AutoWealth. Hmm. A passport HODLer, it seems to be a timely reminder for clients who invested via robo-advisors, perhaps? Hidden meaning LOL. I attended alone despite being able to bring along a guest (didn’t manage to find someone who is free haha), which often made it easier to strike conversations with random strangers who attend such events by themselves as well. Really enjoyed the...

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Robo-Advisor Rebalanced My Portfolio

Disclaimer – this post does NOT (haha) contain affiliate links, but it can redirect you to my other blog posts that may contain them. What have you done during the recent market conditions? Transacted some, or done absolutely nothing? In an emotionless environment, the drop in US market would have been likely to be significant enough to trigger the rebalancing threshold for a robo-advisor. My robo-advisor did just that. To highlight one point, just because your robo-advisor hasn’t done anything doesn’t mean it is bad or lousy. It also largely depends on your portfolio composition as well as your...

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