As end of the year is approaching and if you are looking for the SRS calculator, please scroll down to the end of this article. The Supplementary Retirement Scheme or SRS for short is a tax deferred scheme. In this tax deferred scheme, tax benefits are enjoyed immediately through income tax relief upon contribution to the SRS account. The annual contribution is up to $15,300 and $35,700 for Singapore citizens/PRs and foreigners respectively. Assets in the Supplementary Retirement Scheme … [Read More...]
LATEST ARTICLE (SUBSCRIBE TO MY MAILING LIST TO AVOID MISSING THE LATEST)
Why growth stocks are better than value stocks
Here is an interview with Wilfred Ling … [Read More...]
Reasons Singapore Stock Market is becoming ‘zombie’?
This article https://www.scmp.com/comment/opinion/asia/article/3152898/how-singapores-zombie-stock-exchange-undermining-its-financial serves an important lessons we can learn. Globalization and the widespread use of the digitalization means there is no difference to trade outside of the country of residence. In the past, people trade local stocks due to familiarity. However, these days, people have become less familiar with local stocks especially those in the sunset industries. Generally … [Read More...]
First Bitcoin ETF and what you should know
The BITCOIN STRATEGY ETF was just launched on the 18th of October 2021. Before anyone jumps in the bandwagon to buy this ETF. There is something you need to know. The ETF offers a convenient way to gain exposure to Bitcoins. It is available from any traditional stock brokerage platform. However, the BITCOIN STRATEGY ETF does NOT invests in Bitcoin. It invests in futures contracts. So, what is futures contract? A futures contract is a legally binding contract in which a buyer agrees … [Read More...]
Think small, remains small. Think big, achieve big things
Read the below mentioned article on what these students did when they were given an assignment of growing $5 in just two hours. You will be shocked on the creativity these students had. If the students had focus on the small initial capital, they would never be able to make 4000% within 2 hours. Instead, they thought out of the box and saw the big picture. Very often, we focus on what is unimportant and miss the big picture. One of the most common objections I hear from investors is that … [Read More...]
Featured articles
6 rules of investing
Here is a youtube video on 6 rules in investing. https://youtu.be/y-jBPlyJR_4 For those who don't have 10 mins to watch the video, let me summarise for you: Rule 1 Be a shameless cloner. That … [Read More...]
Volatility of Real Estate Investment Trusts (REITs) is higher than stocks
In my experience, many retirees like to invests in REITs. Some of the reasons many retirees invests in REITs are: They tell me that REITs are safer because underlying is backed by properties. … [Read More...]
Why buying life insurance for children is important
Why would my baby need life insurance? Which is the best life insurance? Shouldn’t I buy term insurance for my baby since it is the cheapest? This article will address these questions. Why would … [Read More...]
HOW AND WHAT TO INVEST NOW!
This webinar has ended. However, if you wish to receive the recording, feel free to key in your particulars below. The recording link expires on 10 July 2021. You will also be subcribed to our … [Read More...]
How to enjoy life now and ensure the future is secure?
In my previous article, I spoke another the similar objectives and common errors made by the YOLO and FIRE individuals. The former seeks to enjoy life now without thinking about the future while the … [Read More...]
HOW AND WHAT TO INVEST NOW!
This webinar has ended. However, if you wish to receive the recording, feel free to key in your particulars below. The recording link expires on 5 June 2021. You will also be subcribed to our mailing … [Read More...]
YOLO or FIRE? (To enjoy now or enjoy later?)
A survey made by HSBC Financial Fitness Index shows that many are not ready for retirement. The common cited reasons reported by Straits Times are unexpected expenses, unexpected medical expenses, … [Read More...]
HOW AND WHAT TO INVEST NOW!
This webinar is over. To avoid disappointment and not to miss the next webinar, we will contact you if you indicate your interest using this form HERE. More than 200 individuals attended the … [Read More...]
Why some of your insurances may have become obsolete?
This webinar is over. To avoid disappointment and not to miss the next webinar, we will contact you if you indicate your interest using this form HERE. Date, time & venue 1 Oct 2020, … [Read More...]
HOW & WHAT TO INVEST NOW!
This webinar is over. More than 200 individuals attended. To avoid disappointment and not to miss the next webinar, we will contact you if you indicate your interest using this form … [Read More...]
featured articles
How to create your own dividends paying portfolio
Today I want to discuss briefly about the quest for income generating investments. Many investors have the desire to invest in income generating instruments such as dividend paying stocks. Here is … [Read More...]
Strange way of how CPF Interest is calculated & retirement planning
CPF has a rather strange way of calculating interest. In this article, I will explain how CPF interest is calculated and how you can make use of this knowledge to reduce the disadvantage of such a … [Read More...]
Up to 70% of financial advisers’ recommendations were unsuitable, says MAS mystery shoppers survey
MAS commissioned an external consultant to conduct a mystery shopping exercise in 2012 to determine the quality of advice given out by financial advisers[1]. The MAS mystery shoppers' statistics were … [Read More...]
CPF: How to Accumulate $1m in your CPF by 57?
I read from the CPF’s AREYOUREADY facebook about a man named Loo Cheng Chuan who believes he can accumulate $1m in his CPF. Is this really possible? The article did not provide any mathematics. I … [Read More...]
Question on Investment Linked Policy charges (ILP charges)
Question: Wilfred, my financial adviser sold me a product called X and he told me that the insurance charges are constant throughout my entire life. My premium is $1,200 a year. However, I read in the … [Read More...]
No advice given, few documentation and non-disclosures but earns easy money
Here is an example on how a financial adviser sold a life insurance product. The following is a scanned image of a section of the KYC: In the KYC, the client declared "I do not want any … [Read More...]
It’s too late to do retirement planning when old, says Citi-SMU
According to Citi-SMU (SingaporeManagement University) symposium on financial Literacy for young adults, it is important to start managing one's finances when young. This is because picking up … [Read More...]
3 ways to make your SRS work harder
It is coming to end of the year. Those who wish to save on taxes are now thinking of tax saving measures such as Supplementary Retirement Scheme or better known as SRS. By default, SRS contributions … [Read More...]
Property investment is illogical especially when its > 100% of networth
Update 30/11/2017: See article: MAS flags risks from 'excessive exuberance' in property market For those who has read my blog for some time is well aware that I am against the way many Singaporeans … [Read More...]
