FSMOne Singapore: Cheap but is it suitable for you? While FSMOne Singapore is one of the cheapest online brokerage platforms out there for Singapore retail investors, the FSMOne platform usage is not exactly intuitive, particularly when it comes to funding your account for regular savings plan (RSP) into ETFs, which I feel is one of
Possible for the average Singaporean to achieve? The Full Retirement Sum (FRS) in 2020 is at S$181,000. This means that if you hit Age 55 in 2020, this is the amount you NEED to set aside in your CPF account to contribute to CPF LIFE when you hit Age 65. As most Singaporeans would already
Sequence of Returns Risk could be your major party pooper Imagine a hard-working individual name John who started saving and investing early and amassed a nest egg of $1m in his stock portfolio at the age of 65. He proudly produces his bank book, showcasing the magic retirement “figure” clearly imprinted on it to his
Supplementary Retirement Scheme (SRS) Plenty has been written on the Supplementary Retirement Scheme (or SRS for short). This is a voluntary scheme that complements one’s CPF savings for retirement. You can contribute any amount to your SRS account, subject to a cap of S$15,300 for Singaporeans and $35,700 for foreigners, as many times as you
Not much has been written about Inflation. However, it is one of the Four Key unknowns that affect one’s retirement plan. Granted that inflationary pressure has been low in the past decade. However, having a complacent mindset with a low inflation assumption baked into one’s retirement calculation might be a recipe for disaster. Compound Interest
We have written in a previous article why a 60:40 equity to bond portfolio composition (Portfolio 1) isn’t the ideal structure for a retirement portfolio using the 4% withdrawal rule. Instead, we suggest using a portfolio structure that consists of 20% equity, 20% bond, 40% REITs and 20% Gold (Portfolio 2). In this article, we
Creating the ideal 4% withdrawal rule portfolio I believe that some of you would be familiar with the 4% retirement rule. In a simple nutshell, this is the amount of money you might withdraw each year from the starting value of your portfolio of stock and bonds in retirement and not risk running out of
Recently, Dollar and Sense wrote a post called “How you can make your child a CPF millionaire by contributing by contributing S$400 every month until they turn 21”. It was an interesting article to me as a parent to two young boys. However, it also got me thinking if me and the missus should
Quick Intro: I recently attended an event by one of the robo advisors here in Singapore, Endowus, jointly organised by Dollar and Sense (DNS). DNS Co-founder, Mr Timothy Ho hosted an informal session where Endowus management team, lead by Co-CEO/CFO, Mr Sun You Ning shared with us some insights on what it means to invest
In Singapore, about 80% of the population resides in HDB, the building block for affordable home ownership, often lauded by the government. Well we are not going into the discussion of whether you TRULY own a HDB even after full-repayment of your HDB loan (Yes, this might sound weird to foreigners who are unfamiliar with
