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Personal Finance

Increase in CPF Contribution Rates for Older Workers

February 18, 2012 by Createwealth8888
Lower CPF contribution rates for older workers were introduced to help improve the employability of older workers when seniority-based wage structures were prevalent. Since then, older workers have become more employable and progress has been made in reducing seniority-based wage rigidities. This positive trend is expected to continue. After consultation with its tripartite partners, the [...]

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Investment planning? Huh?

February 17, 2012 by Patrick See
The above is all about planning with you. Consideration for having an investment plan – In Singapore the Savings rate is currently 0.125% while inflation is at 5.5%. The problem will then be: erosion of purchasing power taking your wealth (if any) lower. If you agree, please read on. Most people are afraid to lose [...]

in Categories: Investing, Personal Finance

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My infinity returns via dividends in Nera Telecoms (well, almost!)

February 14, 2012 by Jared Seah
I started building my stake in Nera Telecoms during 2003. After 8 years of patient holding and receiving average 10% plus dividend yield annually, I’ve finally got my investment back in full last year. It wasn’t one of my more successful “investments”. It was a “trade” gone wrong as the stock price has never done [...]

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Does good education guarantee success in life?

February 13, 2012 by Guru
Many parents are putting in savings or endowment plans to plan for their children’s education. The estimated cost of a tertiary degree education is expected to be double or triple in 20 years time. Singaporeans being the kiasu lot will want their kids to have the finest education in top schools and many often do [...]

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My Decision On My Dad’s Whole Life Insurance And Policy Loan

February 12, 2012 by Derek Lim
A brief history on my Dad’s Whole Life (WL) policy with GE:- He bought a Whole Life with CRB from GE with a coverage of S$50K in January 1987. Current premium is $315.05 per quarter or S$105.02 a month. I believe his premium used to be slightly higher because of a “Comprehensive ACC ben rider [...]

in Categories: Insurance, Personal Finance

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Multiple sources of income versus the 80/20 rule

February 12, 2012 by Jared Seah
Multiple sources of income  Nowadays, you see everywhere people selling or talking about the concept of multiple sources of income. Interesting. I’ve never heard of this phrase 15 years ago. I guess it’s one of those flavour of the decade kind of thingy. This phrase – multiple sources of income – is a great sales [...]

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New work year and First blog articles being re-published

February 11, 2012 by Guru
The start of my dragon work year has been super tiring and eventful, I can’t believe I had to work overtime continuously daily ever since I have a baby. Thank god for the confinement nanny here and her presence has indeed helped to lower our burden at home. Work is work, I have no complaints. But I [...]

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Special Needs Saving Scheme for CPF Starts

February 10, 2012 by Martin Lee
About two months after it was officially announced, the Special Needs Savings Scheme by MCYS was launched this month. Under this scheme, beneficiaries will be able to get a monthly payout (of at least $250) from their deceased parents’ Central Provident Fund (CPF) savings instead of getting it in a lump sum. A parent’s CPF [...]

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Protecting my recent paper profits – Hedging

February 8, 2012 by Jared Seah
First of all, no one is more surprised than me on the STI’s recent rise from this January 2012! Being 50% vested, I am not complaining! A red-packet from the market for Chinese New Year! Of course I can take some money off the table (like some of my fellow bloggers in my blog list); [...]

in Categories: Investing, Personal Finance

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Goldilocks and the Three Bears

February 6, 2012 by Jared Seah
For those of you unfamiliar with this fairy tale, you may want to read it here first ;) This story is too classic and beautiful; I’ve no heart to butcher it with my own interpretation. So let’s jump straight to the moral of the story! By the way, have you ever wondered what’s the moral [...]

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Financial matters for 2012

February 4, 2012 by Guru
A couple of years back, I used to envy people driving that Lexus luxury car and was so tempted to get one for myself, I told my friends I will get one of those as my next car, a rich man son’s friend of mine even encouraged me to get one as he said this might enhanced my image in [...]

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How Much to Give for Chinese Wedding

February 4, 2012 by FF
A frequent question that is often asked by many people is this: “How much to give in terms of money for a Chinese wedding?” For the uninitiated, there are many traditions that are followed in a typical wedding involving a Chinese couple.  One of these traditions is the giving of red packets (or what is [...]

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Retirement Planning Mistakes

February 2, 2012 by FF
[Photo credits: Image by kwerfeldein] For most people, retirement is probably the best part of  life they look forward to. Yet, many people often make certain mistakes in retirement planning.  In this article, you will find out what are some of the common mistakes made and how you can probably avoid them. Introduction Retirement is a [...]

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Five Steps to Financial Freedom Step 2 – Get Rid of Unnecessary Debt Part 3

February 2, 2012 by Calvin Yeo
This is a continuation of the Five Steps to Financial Freedom Series, for the previous post please refer to Five Steps to Financial Freedom Step 2 – Get Rid of Unnecessary Debt Part 2 Five Steps to Financial Freedom Step 2 – Get Rid of Unnecessary Debt Part 1 Five Steps to Financial Freedom Step [...]

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Path to Financial Freedom — Create your exit plans

February 1, 2012 by JW
I’m referring to  the following blog post linkhttp://www.cpf.gov.sg/imsavvy/blog_post.asp?postid=943438268-310-6846058964and perhaps others with a similar mindset. In the post, the author lists 5 steps to financial freedom:Step 1 – Boost your Active IncomeStep 2 – Get Rid of Unnecessary DebtStep 3 – Save MoreStep 4 – Reduce Spending and Live Within Your MeansStep 5 – Invest For [...]

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Personal finance 2 – spending habits

January 31, 2012 by Guru
I must admit I am not overly qualified to write this, but I would like to share my own personal experience on spending habits and hope that people will also come to realise the importance of good spending habits. I grew up during the era where there was a silly trend for youngsters to wear [...]

in Categories: Investing, Personal Finance

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When To Start Saving For Retirement?

January 31, 2012 by Lau
Retirement carries a different meaning at different ages. For the young adult starting to work in their 20s, retirement is something that probably does not carry much meaning. Something their parents are transiting into and has nothing to do with them. First and foremost on their minds will be landing that dream career, falling in [...]

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Saving for Retirement at 30

January 30, 2012 by FF
It’s starting to become the dream of more and more people, to be able to retire just after you leave your 20’s. So saving for retirement at 30 is sort of the new thing, the thing that many young professionals strive for  and something that can be in the back of people’s mind when they choose [...]

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