Ultimate Guide to Investing Using SRS Account (2023 Update)
Why investing using SRS is critical to help you save on taxes and make your cash work harder for you. Here are the 10 investments you can make.
April 14, 2023
Category: Best of Personal Finance
See other categories:
Net worth by age: How much should you have to retire well
Net worth by age: What should your net worth be at each stage of your life so as to be able to retire comfortably?
April 11, 2023
Which exactly is better: Term Life or Whole Life Insurance?
Term life vs. Whole Life Insurance Quite a lot of us have developed considerably strong and muscular trapezius because of the number of puzzling shrugs we have done throughout our life every time the question pops up. Well, it’s not entirely our fault because personal finance is not exactly taught in schools. For what it’s
May 5, 2022
Expect your Full Retirement Sum to hit $500,000 in 2050
Can a 27-year old hit his Full Retirement Sum at age 55? Back in early 2020, I wrote an article about our CPF Full Retirement Sum or FRS for short, potentially hitting a figure of more than $400,000 by 2050 ($412,000 to be exact), based on a 3% growth rate. Following the recent announcement
February 23, 2022
NAOF Portfolio: Still one of the best portfolio allocation strategies in 2022?
Finding the best portfolio allocation strategies Back in late 2020, I did a write-up on the Best Portfolio Allocation Strategies. For readers who are not familiar with portfolio allocation, it is the “ART” of investing in different asset classes to achieve proper diversification that fits an investor’s risk profile. For example, investing 100% of your
January 7, 2022
Cooling Measures 2021: Should you still be buying a private property with the latest round of cooling measures?
Is this cooling measure going to be like 2013 or 2018? The talk of the town in sunny Singapore over the past couple of days has been the fact that new property cooling measures were announced by the government to cool the private residential and HDB resale markets. With these new measures in place, should
December 17, 2021
How to build an investment portfolio that can withstand the test of time
Build an investment portfolio in 6-simple steps Building an investment portfolio need not be a complicated affair. Neither is such an activity reserved for the wealthy. In the first place, what exactly constitutes an investment portfolio, and how to build an investment portfolio that can withstand the test of time. We will be exploring more
May 14, 2021
CPF Shielding Hack: What is the big deal about it?
CPF Shielding Hack: why all the Hoo-ha? SingSaver wrote this post about CPF Shielding Hack which is information that is not exactly “brand new”, but I believe is something that is not discussed very often. Christopher from Growing your Tree of Prosperity wrote an article with a “fiercely” worded title: CPF Shielding Lifehack is an
April 28, 2021
Do we need S$4.3m to hit financial freedom in Singapore and retire early?
Financial Freedom in Singapore: Is this out of reach for most? There have been several articles written around the topic of: How much is required to achieve financial freedom? This was sparked off by an article from the South China Morning Post where a Juwai survey was done comparing how much it would cost to
April 14, 2021
4 Steps to understanding your Investment Time Horizon
Investment Time Horizon Understanding your investment time horizon is perhaps the single most helpful step to take in your investing journey. Yet, amateur investors tend to make the mistake of overlooking their time horizon when they first step into the market. More alluring things like choosing the “best stocks” seem to be of the utmost
March 29, 2021
HDB Loan vs Bank Loan: Why I took an HDB loan with a slight tinge of regret
HDB loan vs Bank Loan: which should you choose today? Deciding to buy an HDB flat in Singapore involves more than choosing the property size, number of rooms, and the right location. Unless you received millions of dollars in inheritance or won the TOTO jackpot, you have no choice but to think about your financing
March 24, 2021
Selling your EC Right after MOP or upon Privatisation? Which is better?
Selling your EC: MOP or Privatization? Like all HDB regulated properties, an executive condo (EC) can only be put on the open market after you have met the five-year Minimum Occupancy Period (MOP). So now that you’ve gotten there, what’s next? Is it time to sell and reinvest in another property, or hold on till
March 5, 2021
The average salary in Singapore 2023: Can you afford a condo with your income?
Average Salary in Singapore 2023 The Ministry of Manpower Singapore just formalized the Income statistics of Singaporeans although an earlier tentative report was released back in Dec. The statistics show that the Median income of Singapore residents fell for the first time since 2004 due to COVID-19. It is likely more informative to use the
February 10, 2021
HPS Singapore: Why pre-paying your home loan in 2021 is a mistake with Home Protection Scheme in place
HPS Singapore: What you need to know The majority of Singaporeans (approx. 80%) live in HDB flats. But do you know about the Home Protection Scheme (HPS Singapore)? Maybe not. For young Singaporean couples looking to buy their first HDB BTO, do take note of this scheme which is mandatory if you intend to use
December 18, 2020
Early Retirement Plan – A 9-Steps Ultimate Guide
In this article, I will bring you through a step-by-step guide in setting up your early retirement plan. Planning your retirement should not be done when you are in your 40s or 50s. The earlier you start, preferably in your 20s, the easier your retirement journey is going to be. Millennials have been between a
November 18, 2020
Unveiling the Best Portfolio Allocation Structure
Investor Education Series: Portfolio Allocation Structure A proper portfolio structure is akin to the foundations of a house. It needs to be set right so that what goes on top of it is on a firm footing. While a young investor with plenty of time on his/her side might be better off fully invested in
November 11, 2020
