The fate of my investment in SPH.

"At SPH, we recognise the power of sharing in a world that's more connected than ever, across multiple platforms." Disruption to the media industry is faster and more frightening than I had expected. Actually, if an IT dinosaur like me can be a blogger, I shouldn't be alarmed by this but I am. That the disruption has impacted SPH is amply evident with its earnings declining in the last few … [Read more...]

Setting S.M.A.R.T goals for year 2017… and achieving them


Time flies…. January 2017 is almost over and now February is approaching fast!!!. Have you set your new year resolutions? It has been over 10 years since I’ve worked as a financial consultant. Helping thousands of Muslim families plan their finance, the shariah compliant way in Singapore. Fulfiling. Satisfying. And fun meeting people from all walks of life. (Picture of me, when I … [Read more...]

The Same Question Whenever STI Inches Upwards


From SPDR Straits Times Index ETF official website, distribution yield has now dropped to 3.04%. Price/Earnings is a little higher at 12.56, and Price/Book Ratio is 1.23 🙂 As the STI slowly inches upwards, the same old question pops up. Is it too expensive to buy now? I always refer them back to this post (see bottom half). What we know from history : – The Straits Times Index had carried a … [Read more...]

Why lazy people "want" to continue working?

(I salute Tan Hock and Wilson Poh.) An exchange with another blogger. Blogger: Just thought I'd share this since many investment bloggers (whose plans, like mine and yours) are to live off investments; Not sure if it's because a significant number do not understand the trade-offs involved nor the aspirations of passive investors, but it is a poorly conceived notion that living off … [Read more...]

How AK uses his SRS money and why?

For anyone who pays quite a bit of income tax, I always suggest starting a SRS account. See related post #1. Since the inception of the SRS, I contributed the maximum allowed annually. I won't be doing it anymore since I no longer have an earned income and would not have to pay income tax. See related post #2. Since I have been maxing out my SRS account annually, I must have quite a bit of … [Read more...]

Holistic approach to a secure financial future.

(Decide how much income you will get from anasset and pay a fair price for that.) I am always happiest reading happy stories. I mean who wouldn't be? OK, if you need a reason, well, they are easier for me to reply to compared to sad stories. LOL. It is true that happy stories are easier to reply to and that makes me happy but I am happiest with happy stories because they are an affirmation of … [Read more...]

This is why China is only just getting started

This article was first published by Truewealth Publishing. China gets a lot of investor blame. But it shouldn’t. In recent years, China has been a convenient go-to excuse when markets are bad. For example, China’s banking sector is in trouble; debt levels in China are too high; China’s real estate bubble is going to pop… and China’s rate of economic growth is unsustainable and slowing … [Read more...]

I Started A Tiny Portfolio For My Wife

Recently, over the New Year, the strangest thing happened to me. My wife asked me to help her with investing her money. Which is the equivalent of snowing in June! Yes, I blog about personal finance and index investing. And no, I have never, ever bugged her about investing her money. The only thing that I “enforced” was for both of us to have integrated H&S MediShield plans with the … [Read more...]

Heartland Boy Stock Investment Review 2016 recently celebrated its one year anniversary. One of the motivations in starting a personal finance website was to have some form of public monitoring Heartland Boy’s investment portfolio. This indirect accountability adds a higher degree of responsibility when Heartland Boy manages his portfolio. Given that 2016 is behind us, let’s review if starting has allowed … [Read more...]

Power to become financially stronger is within us.

Although there were not many comments in my blog when I asked if I should continue talking to myself in 2017, I received many emails and also messages in FB. They are all positive (so far). I am particularly touched by a couple of emails. First, this email from a reader of modest means: Hi AK, As the new start of the year, first thing I want to do is to write this thank you note to … [Read more...]

Cory Diary : Summary of 2016 and Record Dividend

We have Trump elected and Stock up. Continuing Oil crisis but a pickup of the Banking sector. Survived a retrenchment exercise and have a larger team. We have a shock during Bre-EXIT but market climbed back quickly erasing all the losses. Oil Price moves above $50 due to OPEC Agreement. We have weaken Gold Price of $1159. S$ weakened to support internal factors which is really good news at current … [Read more...]


A reader made a droll statement on FB and I decided to share some quotations from my favourite Science Fiction movie on the first day of 2017: Related post #1. There are many who do not believe in delayed gratification and the power it has to improve our financial health: I find your lack of faith disturbing. Related post #2. For those of us who believe that saving more and investing in … [Read more...]

Simple investment wisdom keeps us afloat.

What AK thinks of the LRIS: "Since I treat my CPF savings as a risk free and volatility free component (i.e. AAA rated sovereign bond) of my investment portfolio, I am unlikely to take part in the proposed Lifetime Retirement Investment Scheme (LRIS). Of course, money in the CPF-OA doubles up as a war chest which could be deployed in the event of a stock market crash for possibly better returns … [Read more...]

ABCDEFGH Formula To Growing Your Money The Shariah Compliant Way In Singapore…


At times, when I discuss wealth management strategies with my friends, they say it’s difficult to make money the shariah compliant way in Singapore. It’s easier in Malaysia. In Indonesia. In Bangladesh. Or in Saudi Arabia. But not in Singapore. As a Muslim financial consultant who specialises in helping Muslim families plan their finances the shariah compliant way in Singapore, I am … [Read more...]

Expert Round Up: Best Financial Advice in 2016

Hey, 2017 is almost upon us. That means the inevitable urge to reflect and dwell on how 2016 has been has arrived as well. As Heartland Boy morphs into a pensive mode, along came the absolutely brilliant Heartland Girl. She who spends all her waking hours thinking of how to grow Heartland Boy had a brilliant suggestion. Heartland Girl decided that the readers have probably read and heard enough … [Read more...]

POSB Invest Saver monthly and Portfolio update (December 2016), along with self-reflections


Hello, readers! 2016 is coming to a close, and while the year hadn’t been too fortunate for me overall, I am glad to have made it out stronger as I reviewed my life priorities. Credits: Image source Learning musical instruments was one of my more costly hobbies, with me taking up the violin back in secondary school. Fees for the violin lessons were shared between me and my parents, as they … [Read more...]

$500,000 stuck in a bad commercial space investment!

READER: Hello AK, I have a question regarding real estate that I would like to ask you. I am a responsible investor and does my own homework before making any investment, so I will not make you responsible for any decisions I make. I have it down here in writing so you can have a peace of mind when you reply to my email. I am a stock investor which means I am not familiar with real … [Read more...]

6 Personal Lessons from an ASEAN angel investor

Angel investing is immensely rewarding but for the new and uninitiated, the risks of angel investing can be phenomenal. Investing in a startup requires more than just research and analysis, there are a couple more skill set one would need to make the right call about a startup. Even then, there is no guarantee of success. We invite experienced Angel Investor, Der Shing to share some of the … [Read more...]

2016 Summary

5 more days to end of 2016. I have not been blogging much due to personal reasons. Decide to post a final short note before the year ends. I have collected $3,974 for dividends this year, which supposedly exceeded my 2016 target of $2,400. However, a large portion is made up of special distribution from Saizen Reit - $2,112. Hence, the true dividend is only $1,862. Only hit 77.5% of … [Read more...]

Mentally and financially prepared for retrenchment.

This is part of an email a reader wrote to me after reading an updated blog post. (They invested in multiple properties and are now retrenched.) Reader: "Their experience is getting more common. I am in my late 50s and I see many friends and relatives in my age group being asked to go. I am sure it will be my turn soon as the company has not been doing well.  "I have been reading your … [Read more...]