Should I get a bridal package or go ala-carte?

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Between convenience and quality, which do you value more? Bridal Packages If you answered convenience, then bridal packages may be easier for you as they can offer a great deal of convenience to brides who are too busy to take care of the nitty gritty details. This can include your pre-wedding shoot, printed albums, makeup and hairstyling, corsages and bridal bouquet, your gowns and suits, … [Read more...]

OCBC won’t cheat you anymore! LOL

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Apparently I heard from my father that there was a 3 page advertisement on this. I don't know because I'm a millennial and I read news online. Anyway, LOL. I have to say though, they were very tricksy in the past. Examples? Their Bonus+ account with up to 2.35% pa! Sneaky? Yes, very much so becauase the T&Cs state you only get 1.18% pa, which was another lie, because there were hoops … [Read more...]

Voluntarily Cash Top Up To Our Children CPF Account When They Are Young For Compounding Interests

Hmm ... One reason Uncle8888 recently came to know : Lock up this money in the CPF system till their children reach 55 so they can become richer with parental cash support. Do they mean that they are going to leave behind very LITTLE or NO inheritance for their children? Which is likely to be larger? Inheritance or CPF when their parents have so much surplus cash to think of topping up … [Read more...]

15HWW Origins: Illness And The Passing Of My Mum

My Mum was the closest kin I had, by millions of miles. If my Mum were still alive, we would be celebrating her 54th birthday today. If only. She had passed away 6 years ago, after a one year struggle with ovarian cancer. My Mum My Mum was one of the kindest and most responsible person I know and she sought to instil those qualities in her children. No matter what happened, she would … [Read more...]

What is True Wealth?

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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’ … [Read more...]

The Three Faces of Poverty in Modern Life.

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In order to become richer, sometimes it is helpful to understand poverty. When Thomas Piketty published Capital in the 21st Century, it is easy for a rentier like me to dismiss this as a rallying cry of welfare-state socialists. But as it turns out, the book had the effect of deepening my conviction towards my dividend portfolio because it proposes the idea that the growth of capital far … [Read more...]

When is the best time for making OA to SA transfer | Earlier is not always better

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Few months back Max wrote a post to discuss the things to consider before transferring our CPF money from OA to SA savings. Essentially, the post discussed that if the transfer is made earlier, the power of compounding at the higher interest rate will reap significant benefits, but because the transfer is irreversible, the 'in case I need it' mentality is still the key barrier for some to optimize … [Read more...]

Nine years as a corporate warrior

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I have been a corporate warrior for nine years, and in these nine years, I have worked for three different companies, in three very different roles. These nine years also shaped what I want from a job.   Just recently, I received my five year award from my current company. This is my first long service award.    Just after graduation, I started my first job. Back then, my aim was to earn … [Read more...]

Should Moonlighting be encouraged?

I have not updated my blog for a few months as there were not much changes in the market (it is still priced at high levels) and also that I was too busy focusing on my work even on weekends. That is what you get working for big companies and when given a laptop to work with.  Never had I heard of any one saying his or her salary is enough. It is likely most people who want more income outside … [Read more...]

Random thoughts: Abundance and buffet

I believe my world is one of abundance, and the world in general can be of abundance too. However, abundance need a ingredient. It is thankfulness. Thankfulness is the lens we see things. There is plenty of randomness in this world, I happen to be a beneficiary in plenty of things, lucky if you like. Why do I say this? I know of 2 persons, of equal capabilities doing the same work. Of course, … [Read more...]

How to survive the corporate grind?

I went for a career development course sponsored by my bank today morning. I had previously gone for the induction training session a few months ago, which turned out to be really fun and interactive. Whilst providing me with a good overview of the corporate values, culture, leadership and structure of the bank. Similar sessions that I have attended at my previous firms have always turned out to … [Read more...]

Need a financial tribe?

If you want to be financially literate, you should be immersed in an environment where everyone is talking about it constantly. Some wise men did say that if you want to find out the character of a person, you just need to look at 3 of his closest friends. We're the average of the 3 persons we talk to most frequently. Being in a group of like minded individuals allows you to be completely … [Read more...]

Yes! There is interest on your CPF Housing Grant, BUT…

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No, this is not another pro-government blog post. Neither is this another anti-government post. This is purely a post to make sense of the article posted by The Online Citizen. The Online Citizen recently published a post called 6 things you weren't told about the CPF housing grant. We thought that the content was really new and surprising and that spurred us to do our own research if it was … [Read more...]

Take that dream job and take on more risk?

This was my reply to a reader's email: Hi L, If you remember, I have a blog that says unless we are rich, be pragmatic, not romantic. Most of us have to work, exchanging our time and energy for pay. If we are not financially secure, then, we might have to forgo that dream job which does not have a predictable income. Having a predictable income stream provides peace of mind which is … [Read more...]

Personal Update

There has been no article on Equity Management last week because I as getting into the deep end of the book which talks about selecting the right data and tracking errors, items which are dry even for a dedicated finance otaku like me. Instead, I hope to start talking about the Portfolio Management section of the book over this weekend. So all I have is a personal update : a) School has … [Read more...]

What’s the most difficut thing to Plan for our Retirement?

No, its not your rate of investment returns. Nope, its not the rate of inflation that will eat into your rate of investment returns above. Or for that matter, what withdrawal rate to use? (Friend, its not that birth control technique) Ah... You almost got it if you say how to plan whether at 65 you'll be still healthy to do line-dancing, marathons, and overseas travelling; or will … [Read more...]

What are your numbers?

Having just posted about our Sell transactions for Mar 2017, I just realised it’s about time to write about our Buy transactions for Mar 2017 as well. Just need to wait for our last automated POSB Invest-Saver investment into the ABF Singapore Bond Index Fund (A35 on SGX) to go through early next week before I do so. In the meantime, I’m free to write about anything that comes to my mind. I know … [Read more...]

Personal Finance is Really Personal (CPF / Insurance/ Housing /Saving /Investing etc)

Personal finance is an interesting subject which is really“ Personal “ as there are many factors affecting a person or family’s finances – how much to keep as saving vs investing , to buy term or life insurance , to take up HDB loan or from private banks , to buy HBD or Condominium and of course the hottest topic of CPF ( to transfer our OA to SA or do a voluntary cash top up into SA account) … [Read more...]

Today I Defeated an Insurance Agent. Can You?

"Excuse Sir, can you help me do a survey? Only 3 questions" Sorry, I'm really urgent, I need to pee. "Oh okay Sir, nevermind then..." *sad, dejected face* When I came out of the toilet, he was still lingering around, so I went up and told him I'll do his 3 question survey. "Ok, thanks! Are you working?" Yes I am working now. Okay 1 question done. 2 questions left. "No no Sir, … [Read more...]