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INVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . OUR FREE ONLINE INVESTMENT STOCK PORTFOLIO TRACKING The stock portfolio tracker is a FREE Google Spreadsheet hosted at Google that can do the following: Track your stocks, shares or bonds by transaction. You can enter Buy, Sell, Stock Splits, Rights Issues (or Cash Calls), Cash Dividends, Stock Dividends, Gift Stocks. Show you each of your asset (stocks, bonds) realized returns, unrealized HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND Huarong Debt Debacle Nearly Affected Some Bond Funds and Cash Solutions. Lai Xiaomin was once dubbed the “God of Fortune”. Xiaomin used to control Huarong Asset Management or China Huarong, a state-owned asset management company in China. Used to because he doesn’t anymore. On Jan 2021, Xiaomin was executed, 24 days after hewas sentenced
HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. SINGAPORE SAVINGS BONDS SSB JUNE 2021 The 10-yr and 1-yr Singapore Savings Bonds Rate since the first issue in Oct 2015. The June 2021 ’s SSB bonds yield an interest rate of 1.61%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB, OCBC, DBS) However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your KEPPEL PACIFIC OAK US REIT ANNOUNCES HEALTHY RENT Keppel Pacific Oak US REIT (KORE) still spots a pretty attractive dividend. They just announced their first quarter 2021 update and this update provides us a glimpse of their projected income available fordistribution. If we
YOUR PERSONAL CASH FLOW STATEMENT A personal cash flow statement can provide clarity in your life, and serves as a personal review whether you are managing your life well. It also provides you with an opportunity to re-allocate your cash flow to bring your money in alignment with your goals in life. STOCK PORTFOLIO TRACKER First make a copy of my existing version of spreadsheet. You can do this by going to File > Make a copy (don’t use the Share function on the top right side) When you click on the Portfolio History > Copy to.. Secondly, search for your existing Stock Portfolio Tracker and add this Portfolio History to it. Third, clear my data on the HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME Normally, your Ordinary Account (OA) earns 2.5% interest (not permanent) and your Special Account (SA) earns 4% interest (also not permanent). Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. SOLUTION TO YAHOO FINANCE DATA NOT REFRESHING IN GOOGLE A few readers who are currently using my FREE Stock Portfolio Tracker have emailed me that their spreadsheet have failed to get any prices from Yahoo Finance in the past two days (This was written on 11th Dec 2020). In this post, I would provide a fix. Whether it is permanent or not is another question altogether.INVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . OUR FREE ONLINE INVESTMENT STOCK PORTFOLIO TRACKING The stock portfolio tracker is a FREE Google Spreadsheet hosted at Google that can do the following: Track your stocks, shares or bonds by transaction. You can enter Buy, Sell, Stock Splits, Rights Issues (or Cash Calls), Cash Dividends, Stock Dividends, Gift Stocks. Show you each of your asset (stocks, bonds) realized returns, unrealized HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND Huarong Debt Debacle Nearly Affected Some Bond Funds and Cash Solutions. Lai Xiaomin was once dubbed the “God of Fortune”. Xiaomin used to control Huarong Asset Management or China Huarong, a state-owned asset management company in China. Used to because he doesn’t anymore. On Jan 2021, Xiaomin was executed, 24 days after hewas sentenced
HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. SINGAPORE SAVINGS BONDS SSB JUNE 2021 The 10-yr and 1-yr Singapore Savings Bonds Rate since the first issue in Oct 2015. The June 2021 ’s SSB bonds yield an interest rate of 1.61%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB, OCBC, DBS) However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your KEPPEL PACIFIC OAK US REIT ANNOUNCES HEALTHY RENT Keppel Pacific Oak US REIT (KORE) still spots a pretty attractive dividend. They just announced their first quarter 2021 update and this update provides us a glimpse of their projected income available fordistribution. If we
YOUR PERSONAL CASH FLOW STATEMENT A personal cash flow statement can provide clarity in your life, and serves as a personal review whether you are managing your life well. It also provides you with an opportunity to re-allocate your cash flow to bring your money in alignment with your goals in life. STOCK PORTFOLIO TRACKER First make a copy of my existing version of spreadsheet. You can do this by going to File > Make a copy (don’t use the Share function on the top right side) When you click on the Portfolio History > Copy to.. Secondly, search for your existing Stock Portfolio Tracker and add this Portfolio History to it. Third, clear my data on the HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME Normally, your Ordinary Account (OA) earns 2.5% interest (not permanent) and your Special Account (SA) earns 4% interest (also not permanent). Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. SOLUTION TO YAHOO FINANCE DATA NOT REFRESHING IN GOOGLE A few readers who are currently using my FREE Stock Portfolio Tracker have emailed me that their spreadsheet have failed to get any prices from Yahoo Finance in the past two days (This was written on 11th Dec 2020). In this post, I would provide a fix. Whether it is permanent or not is another question altogether. CAN YOU BETTER TIME YOUR ANNUAL INVESTMENT BASE ON MARKET There is a popular saying that investors like to say “Sell in May and Go Away”. After a while, people infer that this means if you sell your portfolio in May and move to risk-free instruments, then come back in October or November, your results are better. Many wonder how true this is. There is I HAVE DOUBTS ABOUT STRAITS TIMES INVEST'S FINANCIAL 1 day ago · For a long time, many newspaper readers would look forward to SPH’s Sunday Times have an Invest Section. What is nice about the Sunday Times section is that it contains articles that are lighter, not so business-like, higher on the personal finance content. That is the content that is more OUR FREE ONLINE INVESTMENT STOCK PORTFOLIO TRACKING The stock portfolio tracker is a FREE Google Spreadsheet hosted at Google that can do the following: Track your stocks, shares or bonds by transaction. You can enter Buy, Sell, Stock Splits, Rights Issues (or Cash Calls), Cash Dividends, Stock Dividends, Gift Stocks. Show you each of your asset (stocks, bonds) realized returns, unrealized AN EASY STEP-BY-STEP GUIDE TO SETUP INTERACTIVE BROKERS The whole application approval was done online, my approval took 3 working days. So there were no trips to Asia Square Tower 1 or snail mail. In this post, I bring you through the whole process step-by-step. 1. Start Trading with Interactive Brokers by Opening an Account Application. HOW TO BUY AND SELL STOCKS ON INTERACTIVE BROKERS There is a Buy and Sell button at the bottom of the IWDA information screen. Click on the Buy button. You would need to fill in #1 the quantity, #2 the order type, #3 the price, #4 time-in-force. And then you will slide #5 to buy. Interactive Brokers by default set GROW YOUR WEALTH, RECEIVE RECURRING INCOME WITH MONEYOWL If the portfolio is left with $100, 4.5% gives you an income of $4.50 a year. You cannot do anything with $4.50, but your portfolio don’t run out of money. In Year 3, the income increase to $38,673 because the ending portfolio value in Year 2 is $859,401. After 13 THE 11 STAGES OF WEALTH: WHICH STAGE OF WEALTH ARE YOU AT The 11 stages let you identify the level of wealth you have attain. Each stage either. Gives you some level of psychological freedom. Your level of wealth provides certain level of immediate use. You should aim to level up to a further stage. The higher you go, the more useful your wealth would be. LEVERAGED YIELD OF RETURN FOR YOUR PROPERTY Property rental is a passive income dream for a lot of people, which is why you see many people flocking to condo launches these few years.. And the main attraction why property is better than bonds, equities or other asset class is that it is the easiest for average folks like you and me to leverage up.. Recently, the Singapore Government have been trying to stem this property speculation SEND MONEY FROM TRANSFERWISE TO INTERACTIVE BROKERS Unfortunately, other international banks may charge international investors an exorbitant fee to perform wire transfer to another country. TransferWise is an international payments company with a few payment services that you can use to reduce the cost of currency exchange:. Send money with money in one currency to another entity in another currency at an exchange rate more favorable than SHOULD YOU SURRENDER YOUR PRUFLEXICASH? The PRUFlexiCash Endowment Plan. In 2010, he bought the plan PRUFlexiCash and paid a premium of $73/mth ($876/yr). The tenure of this plan is 25 years. On top of this, he is paying $3.22/mth for a rider to supplement the main plan’s protection (which is against Death, Terminal Illness, Total Permanent Disability) PRUFlexiCash isan insurance
INVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. THE 11 STAGES OF WEALTH: WHICH STAGE OF WEALTH ARE YOU AT The 11 stages let you identify the level of wealth you have attain. Each stage either. Gives you some level of psychological freedom. Your level of wealth provides certain level of immediate use. You should aim to level up to a further stage. The higher you go, the more useful your wealth would be. SINGAPORE SAVINGS BONDS SSB JUNE 2021 The 10-yr and 1-yr Singapore Savings Bonds Rate since the first issue in Oct 2015. The June 2021 ’s SSB bonds yield an interest rate of 1.61%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB, OCBC, DBS) However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your STOCK PORTFOLIO TRACKER First make a copy of my existing version of spreadsheet. You can do this by going to File > Make a copy (don’t use the Share function on the top right side) When you click on the Portfolio History > Copy to.. Secondly, search for your existing Stock Portfolio Tracker and add this Portfolio History to it. Third, clear my data on the WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. SOLUTION TO YAHOO FINANCE DATA NOT REFRESHING IN GOOGLE A few readers who are currently using my FREE Stock Portfolio Tracker have emailed me that their spreadsheet have failed to get any prices from Yahoo Finance in the past two days (This was written on 11th Dec 2020). In this post, I would provide a fix. Whether it is permanent or not is another question altogether. HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME Normally, your Ordinary Account (OA) earns 2.5% interest (not permanent) and your Special Account (SA) earns 4% interest (also not permanent). Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. TOPPING UP YOUR CPF LIFE TO ENHANCED RETIREMENT SUM (ERS For example, the current 2020 FRS is $181,000. The couple born in 1960 would just be 60 years old. They can top-up his CPF Retirement Account to $181,000 or $271,500 if they wish to get a greater income stream. HYFLUX: I COULD PROBABLY SEE THE STRUCTURAL WEAKNESS BUT I notice that a lot of folks have put out various pieces on this, telling people you ought to see this coming. My feel about this is that, I did not pay attention to Hyflux and the related stuff but my friend have been computing the mathematics behind the CPSINVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. THE 11 STAGES OF WEALTH: WHICH STAGE OF WEALTH ARE YOU AT The 11 stages let you identify the level of wealth you have attain. Each stage either. Gives you some level of psychological freedom. Your level of wealth provides certain level of immediate use. You should aim to level up to a further stage. The higher you go, the more useful your wealth would be. SINGAPORE SAVINGS BONDS SSB JUNE 2021 The 10-yr and 1-yr Singapore Savings Bonds Rate since the first issue in Oct 2015. The June 2021 ’s SSB bonds yield an interest rate of 1.61%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB, OCBC, DBS) However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your STOCK PORTFOLIO TRACKER First make a copy of my existing version of spreadsheet. You can do this by going to File > Make a copy (don’t use the Share function on the top right side) When you click on the Portfolio History > Copy to.. Secondly, search for your existing Stock Portfolio Tracker and add this Portfolio History to it. Third, clear my data on the WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. SOLUTION TO YAHOO FINANCE DATA NOT REFRESHING IN GOOGLE A few readers who are currently using my FREE Stock Portfolio Tracker have emailed me that their spreadsheet have failed to get any prices from Yahoo Finance in the past two days (This was written on 11th Dec 2020). In this post, I would provide a fix. Whether it is permanent or not is another question altogether. HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME Normally, your Ordinary Account (OA) earns 2.5% interest (not permanent) and your Special Account (SA) earns 4% interest (also not permanent). Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. TOPPING UP YOUR CPF LIFE TO ENHANCED RETIREMENT SUM (ERS For example, the current 2020 FRS is $181,000. The couple born in 1960 would just be 60 years old. They can top-up his CPF Retirement Account to $181,000 or $271,500 if they wish to get a greater income stream. HYFLUX: I COULD PROBABLY SEE THE STRUCTURAL WEAKNESS BUT I notice that a lot of folks have put out various pieces on this, telling people you ought to see this coming. My feel about this is that, I did not pay attention to Hyflux and the related stuff but my friend have been computing the mathematics behind the CPS OUR FREE ONLINE INVESTMENT STOCK PORTFOLIO TRACKING The stock portfolio tracker is a FREE Google Spreadsheet hosted at Google that can do the following: Track your stocks, shares or bonds by transaction. You can enter Buy, Sell, Stock Splits, Rights Issues (or Cash Calls), Cash Dividends, Stock Dividends, Gift Stocks. Show you each of your asset (stocks, bonds) realized returns, unrealized HOW TO SAVE MONEY: DIVIDING UP YOUR SAVINGS AND How to divide up your savings. Here at Investment Moats, we have talked about budgeting using virtual envelopes. To divide your savings based on different objectives, create individual virtual envelopes for it. In the case of a person earning $4000, his take home pay after government forced savings will be $3200. KEPPEL PACIFIC OAK US REIT ANNOUNCES HEALTHY RENT Keppel Pacific Oak US REIT (KORE) still spots a pretty attractive dividend. They just announced their first quarter 2021 update and this update provides us a glimpse of their projected income available fordistribution. If we
THE 11 STAGES OF WEALTH: WHICH STAGE OF WEALTH ARE YOU AT The 11 stages let you identify the level of wealth you have attain. Each stage either. Gives you some level of psychological freedom. Your level of wealth provides certain level of immediate use. You should aim to level up to a further stage. The higher you go, the more useful your wealth would be. HOW TO FUND & WITHDRAW FUNDS FROM YOUR INTERACTIVE BROKERS Once you have setup your Interactive Brokers account through an entirely online sequence, you need to fund your account to start trading.. You can fund your Interactive Brokers account from banks and financial institutions from all over the globe. The transfer is free and you are entitled to one free withdrawal per calendar month. I willshow you how to
HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND Huarong Debt Debacle Nearly Affected Some Bond Funds and Cash Solutions. Lai Xiaomin was once dubbed the “God of Fortune”. Xiaomin used to control Huarong Asset Management or China Huarong, a state-owned asset management company in China. Used to because he doesn’t anymore. On Jan 2021, Xiaomin was executed, 24 days after hewas sentenced
YOUR PERSONAL CASH FLOW STATEMENT A personal cash flow statement can provide clarity in your life, and serves as a personal review whether you are managing your life well. It also provides you with an opportunity to re-allocate your cash flow to bring your money in alignment with your goals in life. TOPPING UP YOUR CPF LIFE TO ENHANCED RETIREMENT SUM (ERS For example, the current 2020 FRS is $181,000. The couple born in 1960 would just be 60 years old. They can top-up his CPF Retirement Account to $181,000 or $271,500 if they wish to get a greater income stream. HOW WELL DID STOCKS PERFORMED DURING HYPERINFLATION DURING There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany when the country experience a SHOULD YOU SURRENDER YOUR PRUFLEXICASH? The PRUFlexiCash Endowment Plan. In 2010, he bought the plan PRUFlexiCash and paid a premium of $73/mth ($876/yr). The tenure of this plan is 25 years. On top of this, he is paying $3.22/mth for a rider to supplement the main plan’s protection (which is against Death, Terminal Illness, Total Permanent Disability) PRUFlexiCash isan insurance
INVESTMENT MOATS
Wealth Mentor for Financial Independence. Thoughtworthy was a YouTube channel that popped onto my social feed some time ago. FUTURE INSURANCE POLICY ILLUSTRATED INVESTMENT RATE TO BE Last week, we received an announcement that with effect from 1st July 2021, the policy illustrated investment rate (PIRR) will be lowered from 4.75% to 4.25% and 3.25% to 3.00% respectively. What is YourPolicy's
HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS These are cost to you and if you are investing passively in a portfolio of low cost, diversified ETFs in UK or USA, cost matters. With IBKR, the usual currency spread I get is soooo low that it is almost like there isn’t a currency spread (as small as 0.1 PIP)..However, there is
HOW TO SAVE MONEY: DIVIDING UP YOUR SAVINGS AND Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing. HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND On Jan 2021, Xiaomin was executed, 24 days after he was sentenced to death for receiving bribes and committing bigamy. China Huarong was established in 1999 by the China government in response to the 1997 Asian Financial Crisis. WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. HOW WELL DID STOCKS PERFORMED DURING HYPERINFLATION DURING There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany when the country experience a HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME If You Have $60,000 and Do Not Add on, How would this $60,000 Grow? So my reader was messing with the numbers to see if we hit this first $60,000, and we do not add on anymore to our CPF, how would this $60,000 grow?. Would it satisfy the minimum sum?. Firstly, I think its awesome if you are messing with the spreadsheet to see what numbers you come up with in your wealth building journey. WHY LIVING OFF DIVIDEND INCOME IN RETIREMENT IS NOT The real balance of the $1 million invested. The above chart shows the capital for all 66 30-year instances. You would realize that your capital value is never zero.However, there are some sequences wherein the end, the real value is less than the starting. WHAT IF YOU REPLACE SOME GOLD WITH REITS IN THE PERMANENTSEE MORE ONINVESTMENTMOATS.COM
INVESTMENT MOATS
Wealth Mentor for Financial Independence. Thoughtworthy was a YouTube channel that popped onto my social feed some time ago. FUTURE INSURANCE POLICY ILLUSTRATED INVESTMENT RATE TO BE Last week, we received an announcement that with effect from 1st July 2021, the policy illustrated investment rate (PIRR) will be lowered from 4.75% to 4.25% and 3.25% to 3.00% respectively. What is YourPolicy's
HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS These are cost to you and if you are investing passively in a portfolio of low cost, diversified ETFs in UK or USA, cost matters. With IBKR, the usual currency spread I get is soooo low that it is almost like there isn’t a currency spread (as small as 0.1 PIP)..However, there is
HOW TO SAVE MONEY: DIVIDING UP YOUR SAVINGS AND Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing. HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND On Jan 2021, Xiaomin was executed, 24 days after he was sentenced to death for receiving bribes and committing bigamy. China Huarong was established in 1999 by the China government in response to the 1997 Asian Financial Crisis. WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. HOW WELL DID STOCKS PERFORMED DURING HYPERINFLATION DURING There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany when the country experience a HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME If You Have $60,000 and Do Not Add on, How would this $60,000 Grow? So my reader was messing with the numbers to see if we hit this first $60,000, and we do not add on anymore to our CPF, how would this $60,000 grow?. Would it satisfy the minimum sum?. Firstly, I think its awesome if you are messing with the spreadsheet to see what numbers you come up with in your wealth building journey. WHY LIVING OFF DIVIDEND INCOME IN RETIREMENT IS NOT The real balance of the $1 million invested. The above chart shows the capital for all 66 30-year instances. You would realize that your capital value is never zero.However, there are some sequences wherein the end, the real value is less than the starting. WHAT IF YOU REPLACE SOME GOLD WITH REITS IN THE PERMANENTSEE MORE ONINVESTMENTMOATS.COM
STOCK PORTFOLIO TRACKER It is FREE and to use it, you can read the instructions here.. This stock portfolio tracker is suitable for you if: You are more of a buy and hold investor; Wants to track your portfolio based on transactions (buy, sell, dividend, bonus shares, rights issues, capital reductions) HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND On Jan 2021, Xiaomin was executed, 24 days after he was sentenced to death for receiving bribes and committing bigamy. China Huarong was established in 1999 by the China government in response to the 1997 Asian Financial Crisis. GETTING STARTED WITH REITS: WHERE TO FIND THE INFORMATION You can also find the symbol and quote here. For example Cache Log Trust’s symbol is K2LU. Starhill Global symbol is P40U. With this code and name of the stock, you can go to other platforms to find thehistorical prices.
AN EASY STEP-BY-STEP GUIDE TO SETUP INTERACTIVE BROKERS Here is a short list: Through IBKR, I can buy and sell stocks in a lot of markets.Much more than most brokers out there. (Currently, as a Singaporean, you cannot use IBKR to trade the stocks listed on SGX in Singapore but foreigners can. LEVERAGED YIELD OF RETURN FOR YOUR PROPERTY Property rental is a passive income dream for a lot of people, which is why you see many people flocking to condo launches these few years.. And the main attraction why property is better than bonds, equities or other asset class is that it is the easiest for average folks like you and me to leverage up.. Recently, the Singapore Government have been trying to stem this property speculation PORTFOLIO REBALANCING IN INDIVIDUAL STOCK INVESTING Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing. A GOOD EXPLANATION ON PARTICIPATING FUND Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing. YOUR PERSONAL CASH FLOW STATEMENT A personal cash flow statement can provide clarity in your life, and serves as a personal review whether you are managing your life well. It also provides you with an opportunity to re-allocate your cash flow to bring your money in alignment with your goals in life. WHY LIVING OFF DIVIDEND INCOME IN RETIREMENT IS NOT The real balance of the $1 million invested. The above chart shows the capital for all 66 30-year instances. You would realize that your capital value is never zero.However, there are some sequences wherein the end, the real value is less than the starting. SHOULD YOU SURRENDER YOUR PRUFLEXICASH? He was asking me whether should he continue the policy till maturity or surrender the policy.. The PRUFlexiCash Endowment Plan. In 2010, he bought the plan PRUFlexiCash and paid a premium of $73/mth ($876/yr).. The tenure of this plan is 25 years. On top of this, he is paying $3.22/mth for a rider to supplement the main plan’s protection (which is against Death, Terminal Illness, TotalINVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . FUTURE INSURANCE POLICY ILLUSTRATED INVESTMENT RATE TO BE Last week, we received an announcement that with effect from 1st July 2021, the policy illustrated investment rate (PIRR) will be lowered from 4.75% to 4.25% and 3.25% to 3.00% respectively. What is YourPolicy's
HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. SINGAPORE SAVINGS BONDS SSB JUNE 2021 The 10-yr and 1-yr Singapore Savings Bonds Rate since the first issue in Oct 2015. The June 2021 ’s SSB bonds yield an interest rate of 1.61%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB, OCBC, DBS) However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME Normally, your Ordinary Account (OA) earns 2.5% interest (not permanent) and your Special Account (SA) earns 4% interest (also not permanent). Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. TOPPING UP YOUR CPF LIFE TO ENHANCED RETIREMENT SUM (ERS For example, the current 2020 FRS is $181,000. The couple born in 1960 would just be 60 years old. They can top-up his CPF Retirement Account to $181,000 or $271,500 if they wish to get a greater income stream. HOW WELL DID STOCKS PERFORMED DURING HYPERINFLATION DURING There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany when the country experience a SHOULD YOU SURRENDER YOUR PRUFLEXICASH? The PRUFlexiCash Endowment Plan. In 2010, he bought the plan PRUFlexiCash and paid a premium of $73/mth ($876/yr). The tenure of this plan is 25 years. On top of this, he is paying $3.22/mth for a rider to supplement the main plan’s protection (which is against Death, Terminal Illness, Total Permanent Disability) PRUFlexiCash isan insurance
HYFLUX: I COULD PROBABLY SEE THE STRUCTURAL WEAKNESS BUT I notice that a lot of folks have put out various pieces on this, telling people you ought to see this coming. My feel about this is that, I did not pay attention to Hyflux and the related stuff but my friend have been computing the mathematics behind the CPSINVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. THE 11 STAGES OF WEALTH: WHICH STAGE OF WEALTH ARE YOU AT The 11 stages let you identify the level of wealth you have attain. Each stage either. Gives you some level of psychological freedom. Your level of wealth provides certain level of immediate use. You should aim to level up to a further stage. The higher you go, the more useful your wealth would be. SINGAPORE SAVINGS BONDS SSB JUNE 2021 The 10-yr and 1-yr Singapore Savings Bonds Rate since the first issue in Oct 2015. The June 2021 ’s SSB bonds yield an interest rate of 1.61%/yr for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB, OCBC, DBS) However, if you only hold the SSB bonds for 1 year, with 2 semi-annual payments, your WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. STOCK PORTFOLIO TRACKER First make a copy of my existing version of spreadsheet. You can do this by going to File > Make a copy (don’t use the Share function on the top right side) When you click on the Portfolio History > Copy to.. Secondly, search for your existing Stock Portfolio Tracker and add this Portfolio History to it. Third, clear my data on the SOLUTION TO YAHOO FINANCE DATA NOT REFRESHING IN GOOGLE A few readers who are currently using my FREE Stock Portfolio Tracker have emailed me that their spreadsheet have failed to get any prices from Yahoo Finance in the past two days (This was written on 11th Dec 2020). In this post, I would provide a fix. Whether it is permanent or not is another question altogether. HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIME Normally, your Ordinary Account (OA) earns 2.5% interest (not permanent) and your Special Account (SA) earns 4% interest (also not permanent). Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. TOPPING UP YOUR CPF LIFE TO ENHANCED RETIREMENT SUM (ERS For example, the current 2020 FRS is $181,000. The couple born in 1960 would just be 60 years old. They can top-up his CPF Retirement Account to $181,000 or $271,500 if they wish to get a greater income stream. HYFLUX: I COULD PROBABLY SEE THE STRUCTURAL WEAKNESS BUT I notice that a lot of folks have put out various pieces on this, telling people you ought to see this coming. My feel about this is that, I did not pay attention to Hyflux and the related stuff but my friend have been computing the mathematics behind the CPS HOW TO SAVE MONEY: DIVIDING UP YOUR SAVINGS AND How to divide up your savings. Here at Investment Moats, we have talked about budgeting using virtual envelopes. To divide your savings based on different objectives, create individual virtual envelopes for it. In the case of a person earning $4000, his take home pay after government forced savings will be $3200. HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND Huarong Debt Debacle Nearly Affected Some Bond Funds and Cash Solutions. Lai Xiaomin was once dubbed the “God of Fortune”. Xiaomin used to control Huarong Asset Management or China Huarong, a state-owned asset management company in China. Used to because he doesn’t anymore. On Jan 2021, Xiaomin was executed, 24 days after hewas sentenced
YOUR PERSONAL CASH FLOW STATEMENT A personal cash flow statement can provide clarity in your life, and serves as a personal review whether you are managing your life well. It also provides you with an opportunity to re-allocate your cash flow to bring your money in alignment with your goals in life. HOW WELL DID STOCKS PERFORMED DURING HYPERINFLATION DURING There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany when the country experience a LEVERAGED YIELD OF RETURN FOR YOUR PROPERTY Property rental is a passive income dream for a lot of people, which is why you see many people flocking to condo launches these few years.. And the main attraction why property is better than bonds, equities or other asset class is that it is the easiest for average folks like you and me to leverage up.. Recently, the Singapore Government have been trying to stem this property speculation WHY LIVING OFF DIVIDEND INCOME IN RETIREMENT IS NOT There are some months you spend $4716 a month, some months $1754 a month and a lot of month $2972 a month. Of course, in the median, you end up spending more, but nevertheless there is volatility in the income. A median income of $2972 a month in the worst case is about $36,000 a year which is almost a 3.6% yield. THE AFFLUENT OF SINGAPORE: RICH BUT NOT RICH ENOUGH The difference is that this group may not have the income. If you look at the salary gauge of Singapore, this report seems to be talking about individuals. The emerging affluent are the people that have an income that ranges from SGD5000 to 10631. These should be above the 50 decile to 80 decile of Singapore individual income. 2 NEW ETFS HELPING SINGAPOREANS GAIN DIVERSIFIED GLOBAL If you are invested in IWDA, you would have gained 17.37% this year to date (from 1 Jan to 30th Aug or 8 months). DFA Global Core Equity clocks in at 13.41% and World Equity fund clocks in at 10.47%. The MSCI World Small Cap ETF (WDSC) did rather well at 12.83% but the Emerging Market ETF returned only 3.30%. SOLUTION TO YAHOO FINANCE DATA NOT REFRESHING IN GOOGLE A few readers who are currently using my FREE Stock Portfolio Tracker have emailed me that their spreadsheet have failed to get any prices from Yahoo Finance in the past two days (This was written on 11th Dec 2020). In this post, I would provide a fix. Whether it is permanent or not is another question altogether. HOW TO GET MY DECEASED FAMILY MEMBER'S MONEY OUT? (IF THE About 1 year ago, my mom passed away. There are some things I learn with the experience of someone that close leaving us, but that is a topic for another day. However, there are some administrative thingsINVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND Huarong Debt Debacle Nearly Affected Some Bond Funds and Cash Solutions. Lai Xiaomin was once dubbed the “God of Fortune”. Xiaomin used to control Huarong Asset Management or China Huarong, a state-owned asset management company in China. Used to because he doesn’t anymore. On Jan 2021, Xiaomin was executed, 24 days after hewas sentenced
HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. HOW TO FUND & WITHDRAW FUNDS FROM YOUR INTERACTIVE BROKERS Once you have setup your Interactive Brokers account through an entirely online sequence, you need to fund your account to start trading.. You can fund your Interactive Brokers account from banks and financial institutions from all over the globe. The transfer is free and you are entitled to one free withdrawal per calendar month. I willshow you how to
AN EASY STEP-BY-STEP GUIDE TO SETUP INTERACTIVE BROKERS So there were no trips to Asia Square Tower 1 or snail mail. In this post, I bring you through the whole process step-by-step. 1. Start Trading with Interactive Brokers by Opening an Account Application. You start the process by clicking on the Open Application button. GETTING STARTED WITH REITS: WHERE TO FIND THE INFORMATION You can also find the symbol and quote here. For example Cache Log Trust’s symbol is K2LU. Starhill Global symbol is P40U. With this code and name of the stock, you can go to other platforms to find thehistorical prices.
HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIMECPF CALCULATION TABLECPF CALCULATOR CPF CONTRIBUTIONCPF CALCULATOR SGCPF FIRST PAGECPF LIFE CALCULATOREMPLOYER CPF CONTRIBUTION CALCULATOR Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. You can transfer your money from your OA to your SA, to earn a higher interest rate. This transfer is irreversible, so do think carefully if you were to dothat.
WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. HOW WELL DID STOCKS PERFORMED DURING HYPERINFLATION DURING There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany when the country experience a WHY LIVING OFF DIVIDEND INCOME IN RETIREMENT IS NOT401K DIVIDEND INCOMEBEST RETIREMENT DIVIDEND INCOME FUNDSDIVIDEND ONLY RETIREMENTRETIREMENT STRATEGIES DIVIDEND INCOMEBEST DIVIDENDS FORRETIREMENT INCOME
There are some months you spend $4716 a month, some months $1754 a month and a lot of month $2972 a month. Of course, in the median, you end up spending more, but nevertheless there is volatility in the income. A median income of $2972 a month in the worst case is about $36,000 a year which is almost a 3.6% yield.INVESTMENT MOATS
about Pursuing Coast FI with $550,000 – 3 Years Later. CSOP Global Cloud Computing Technology Index ETF (3194.HK) Launches. Here’s what you need to know about the ETF. There is a new exchange-traded fund (ETF) that allows an investor to be exposed to some of the leading global cloud computing companies. The ETF, . HUARONG DEBT DEBACLE NEARLY AFFECTED SOME BOND FUNDS AND Huarong Debt Debacle Nearly Affected Some Bond Funds and Cash Solutions. Lai Xiaomin was once dubbed the “God of Fortune”. Xiaomin used to control Huarong Asset Management or China Huarong, a state-owned asset management company in China. Used to because he doesn’t anymore. On Jan 2021, Xiaomin was executed, 24 days after hewas sentenced
HOW TO CONVERT CURRENCIES IN INTERACTIVE BROKERS If the above currency conversion sounds cheem to you, then here is the simple way. Go to your Interactive Brokers mobile app. Click the Convert Currency. You will be presented with a rather clean interface. You can start off with putting in how much of the currency you have or the currency you want. HOW TO FUND & WITHDRAW FUNDS FROM YOUR INTERACTIVE BROKERS Once you have setup your Interactive Brokers account through an entirely online sequence, you need to fund your account to start trading.. You can fund your Interactive Brokers account from banks and financial institutions from all over the globe. The transfer is free and you are entitled to one free withdrawal per calendar month. I willshow you how to
AN EASY STEP-BY-STEP GUIDE TO SETUP INTERACTIVE BROKERS So there were no trips to Asia Square Tower 1 or snail mail. In this post, I bring you through the whole process step-by-step. 1. Start Trading with Interactive Brokers by Opening an Account Application. You start the process by clicking on the Open Application button. GETTING STARTED WITH REITS: WHERE TO FIND THE INFORMATION You can also find the symbol and quote here. For example Cache Log Trust’s symbol is K2LU. Starhill Global symbol is P40U. With this code and name of the stock, you can go to other platforms to find thehistorical prices.
HOW WOULD YOUR FIRST $60,000 IN CPF COMPOUND OVER TIMECPF CALCULATION TABLECPF CALCULATOR CPF CONTRIBUTIONCPF CALCULATOR SGCPF FIRST PAGECPF LIFE CALCULATOREMPLOYER CPF CONTRIBUTION CALCULATOR Before 55 years old, your first $60,000 earns 1% more, up to $20,000 from your OA. This means that if you have $20,000 in your OA, your OA earns 3.5% and the $40,000 in your SA earns 5%. You can transfer your money from your OA to your SA, to earn a higher interest rate. This transfer is irreversible, so do think carefully if you were to dothat.
WHAT IS THE S$NEER? HOW MAS MANAGES SINGAPORE'S MONETARY Credit: Channel News Asia. This is a de facto SGD devaluation used when confronted with difficult economic challenges. “ Kyith: MAS decide to center the band downwards in April 2009 during the GFC to make our currency more competitive in global trade.They center the curve back in April 2010 when the situation looked better. HOW WELL DID STOCKS PERFORMED DURING HYPERINFLATION DURING There is a prevailing idea that to combat a very inflationary scenario, you will need a precious metal such as gold or commodities. In today’s discovery, I found a post that relates to how stocks did during the Weimar Republic in Germany when the country experience a WHY LIVING OFF DIVIDEND INCOME IN RETIREMENT IS NOT401K DIVIDEND INCOMEBEST RETIREMENT DIVIDEND INCOME FUNDSDIVIDEND ONLY RETIREMENTRETIREMENT STRATEGIES DIVIDEND INCOMEBEST DIVIDENDS FORRETIREMENT INCOME
There are some months you spend $4716 a month, some months $1754 a month and a lot of month $2972 a month. Of course, in the median, you end up spending more, but nevertheless there is volatility in the income. A median income of $2972 a month in the worst case is about $36,000 a year which is almost a 3.6% yield. TAKING A DEEPER LOOK AT ISHARES EDGE MSCI WORLD MOMENTUM In my introductory post on factor investing, one of the more popular factors is the momentum factor. The momentum factor, is rather controversial. On the surface, the economic drivers behind the momentum style are not clear. It makes little sense to HOW TO TRANSFER YOUR SHARES FROM STANDARD CHARTERED ONLINE Many investors wish to build their wealth through investing in a diversified portfolio of low-cost exchange-traded funds (ETFs). One of the key criteria is to use a platform that allows them to optimize their overall costs and keep that cost low. Roughly how AN EASY STEP-BY-STEP GUIDE TO SETUP INTERACTIVE BROKERS So there were no trips to Asia Square Tower 1 or snail mail. In this post, I bring you through the whole process step-by-step. 1. Start Trading with Interactive Brokers by Opening an Account Application. You start the process by clicking on the Open Application button. HOW TO BUY AND SELL STOCKS ON INTERACTIVE BROKERS There is a Buy and Sell button at the bottom of the IWDA information screen. Click on the Buy button. You would need to fill in #1 the quantity, #2 the order type, #3 the price, #4 time-in-force. And then you will slide #5 to buy. Interactive Brokers by default set YOUR PERSONAL CASH FLOW STATEMENT A personal cash flow statement can provide clarity in your life, and serves as a personal review whether you are managing your life well. It also provides you with an opportunity to re-allocate your cash flow to bring your money in alignment with your goals in life. IS DIVIDEND WITHHOLDING TAX IMPORTANT IN INVESTING The Domicile of the Company Determines the Dividend Withholding Tax Rate. Not Where the Company is Listed. Same for Unit Trust and ETF. One thing that bamboozled a lot of investor is that they think that all the stocks listed in the United States are automatically subjected to a 30% withholding tax (which is the withholding tax for United States). The way to remember is where the company is UPDATES TO THE FREE GOOGLE STOCK PORTFOLIO TRACKER 2. Update and Propagate Yahoo Price with new Function. Once you have saved the script, and click Run, you will be able to use the functions. Go to Stock Summary. At the first cell below the header, or cell G2, titled Yahoo Price, change the formula WHY LIVING OFF DIVIDEND INCOME IN RETIREMENT IS NOT There are some months you spend $4716 a month, some months $1754 a month and a lot of month $2972 a month. Of course, in the median, you end up spending more, but nevertheless there is volatility in the income. A median income of $2972 a month in the worst case is about $36,000 a year which is almost a 3.6% yield. EXPLAINING SEQUENCE OF RETURN RISK AND POSSIBLE SOLUTIONS In terms of the geometric sequence of returns, they don’t matter that much. Consider that A and B have $1 at the start. For the next 5 years A’s geometric return profile is as follows: A’s $1 at the end of the 5 years is: $1 x 1.1 x 1.3 x 0.5 x 1.4 x 1.05 = $1.051. B’s $1 at the end of the 5 years is: $1 x 0.5 x 1.1 x 1.05 x 1.3 x1.4
TOPPING UP YOUR CPF LIFE TO ENHANCED RETIREMENT SUM (ERS For example, the current 2020 FRS is $181,000. The couple born in 1960 would just be 60 years old. They can top-up his CPF Retirement Account to $181,000 or $271,500 if they wish to get a greater income stream. Consumer Privacy Information We and our advertising partners collect personal information (such as the cookies stored on your browser, the advertising identifier on your mobile device, or the IP address of your device) when you visit our site. We, and our partners, use this information to tailor and deliver ads to you on our site, or to help tailor ads to you when you visit others' sites. To tailor ads that may be more relevant to you, we and/or our partners may share the information we collect with thirdparties.
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_Here is a SAFE way to save your money that you have NO IDEA WHEN YOU WILL NEED to use it, or your EMERGENCY FUND._The
10-yr and 1-yr Singapore Savings Bonds Rate since the first issue inOct 2015
The JULY 2020’s SSB bonds yield an interest rate of 0.80%/YR for the next 10 years. You can apply through ATM or Internet Banking via the three banks (UOB,OCBC, DBS) However, if you ONLY HOLD THE SSB BONDS FOR 1 YEAR, with 2 semi-annual payments, your interest rate is 0.30%/YR. $10,000 will grow to $10,810 in 10 years. This bond is backed by the Singapore Government and its available toSingaporeans.
A single person can own NOT MORE THAN SG$200,000 worth of Singapore Savings Bonds. You can also use your SUPPLEMENTARY RETIREMENT SCHEME (SRS) account to purchase. You can find out more information about the SSB here.
Note that every month, there will be a new issue you can subscribe to via ATM. The 1 to 10-year yield you will get will differ from this month’s ladder as shown above. LAST MONTH’s bond yields 1.05%/YR for 10 years and 0.57%/YR for 1year.
Here is the current historical SSB 10 Year Yield Curve with the 1 Year Yield Curve since Oct 2015 when SSB was started (Click on the chart, move over the line to see the actual yield for that month): THE APPLICATION AND REDEMPTION SCHEDULE You will apply for the bonds through the month. At the end of the month, you will know how much of the bond you applied was successful. Here is the schedule for application and redemption if you wish tosell:
Click
to see larger schedule You have 02 to about 25th of the month (technically the 4th day from the last working day of the month) to apply or decide to redeem the SSB that you wish to redeem. Your bond will be in your CDP on the 1st of the next month. You will see your cash in your bank account linked to your CDP account on the1st of next month.
HOW DOES THE SINGAPORE SAVINGS BONDS COMPARE VERSUS SGS BONDS VERSUS SINGAPORE TREASURY BILLS? Singapore savings bonds is like a “unit trust” or a “fund” ofSGS Bonds.
But what is the difference between you buying SGS Bonds and its sister the T-Bills directly? BOTH THE SGS BONDS AND T-BILLS ARE ALSO ISSUED BY THE GOVERNMENT ANDARE AAA RATED.
Here is an MAS detailed comparison of the three:Click
to see bigger comparison table What is this Singapore Savings Bonds? Read my past write-ups: * This Singapore Savings Bonds: Liquidity, Higher Returns and Government Backing. Dream? * More details of the Singapore Savings Bond. Looks like my EmergencyFunds now
* Singapore Savings Bonds Max Holding Limit is $200,000 for now. Apply via DBS, OCBC, UOB ATM * Singapore Savings Bonds’ Inflation Protection Abilities * Some instructions on how to apply for the Singapore Savings Bonds Past Issues of SSB and their Rates:* 2015 Oct
* 2015 Nov
* 2015 Dec
* 2016 Jan
* 2016 Feb
* 2016 Mar
* 2016 Apr
* 2016 May
* 2016 Jun
* 2016 Jul
* 2016 Aug
* 2016 Sep
* 2016 Oct
* 2016 Nov
* 2016 Dec
* 2017 Jan
* 2017 Feb
* 2017 Mar
* 2017 Apr
* 2017 May
* 2017 Jun
* 2017 Jul
* 2017 Aug
* 2017 Sep
* 2017 Oct
* 2017 Nov
* 2018 Jan
* 2018 Feb
* 2018 Mar
* 2018 Apr
* 2018 May
* 2018 Jun
* 2018 Jul
* 2018 Aug
* 2018 Sep
* 2018 Oct
* 2018 Nov
* 2018 Dec
* 2019 Jan
* 2019 Feb
* 2019 Mar
* 2019 Apr
* 2019 May
* 2019 Jun
* 2019 Jul
* 2019 Aug
* 2019 Sep
* 2019 Oct
* 2019 Nov
* 2019 Dec
* 2020 Jan
* 2020 Feb
* 2020 Mar
* 2020 Apr
* 2020 May
* 2020 Jun
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I work doing research. Fee-Only Advisory. No Commissions. Financial Independence Advisers and Retirement Specialists. No charge for the first meeting to understand how it works Filed Under: Saving and Investing My Money A WEDDING PHOTOGRAPHER PURSUES FINANCIAL INDEPENDENCE – THE 10LESSONS I LEARN
May 31, 2020 by Kyith 5Comments
I first got to know Samuel when he reached out to me because he needed some help figuring out his plan for financial independence. He explained to me why his wife and himself are focus on accumulating for financial independence. That conversation also gave me a glimpse of the world of professional photography. I have this insecurity after I wrote about how freelancers shouldmanage their money
. I
wasn’t sure if what I wrote was realistic at all. So I reached out and asked Samuel whether he is willing to share his story with my readers. He was very gracious to share with us some of his life and money stories, lessons learned that enable him to feel financially stable and secure. You can check out his guide to the BEST wedding venuesand planning
a (kick-ass) wedding celebration as well as his creativeworks.
_If you think you have a unique life & money story that you would like to share with us, do contact me._ ------------------------- I had big dreams when I first set foot on the land down under back in2006.
I would ace my classes as a physiotherapy student. I had my sights on having my name upon the dean’s list. I planned to run my own physiotherapy practice. Perhaps even a chain of them. I was going to buy a house, settle down with kids, and go fishing on the weekend. Life was going to be great. It sounded like a perfect plan, _until it all came crashing down_. My name is Samuel, and I take pictures for a living. Most of my weekends are spent hanging out with couples making the biggest commitment of their lives, and then partying the night away in all sorts of manner possible. I know, it’s a far cry from what I initially envisioned my life tobe, right?
But let’s backtrack a little and start from the beginning. My family left for Australia when I was midway through my national service, and I packed my bags and joined them soon after. Life in Australia wasn’t what I dreamed it would be. I’ll sum it up by saying that a combination of unrealistic expectations, a sudden change in culture, and a two-year-long bout of severe eczema led to a long drawn battle with depression and an eatingdisorder.
My interactions with my younger classmates also helped me realize that my sheltered upbringing in Singapore in a middle-class household resulted in many shortcomings. Whilst proficient academically and perfectly skilled at memorizing and regurgitating, my critical thinking skills and emotional intelligence were severely lacking. I couldn’t even hold a decent conversation, for crying out loud. Although I was able to ace most of the exams, my poor communication and practical skills led to misunderstandings with patients and supervisors and poor execution of procedures that ultimately secured the demise of my hospital attachments. I had to repeat the year and the university removed me from my honors program. My appeals were rejected and no one, except for my honors supervisor, lifted a fingerto help.
As simple as that, I lost everything I worked for over a period of three years and I lost all interest for physiotherapy. I came back to Singapore and over the next six months, contemplated what to do with my life. Coming back to Singapore was tough, because, besides despair, I also felt shame – I felt like I had let down everyone who had believed in me. I took those two months to think… a lot. I thought about life, the meaning of life, the shortness of it. I would also think about my dreams if I had any and what they were. At the end of my trip, I couldn’t figure out what I wanted, but I knew one thing, that life was far too short to be stuck doing something not worth my time. So I made up my mind then, to pursue my passion and to become aphotographer.
Prior to this, I had never held a part-time job for more than three months other than a short stint as a sports trainer at the soccer club. This meant that my work experience solely consisted of massaging grown men’s calf muscles and carrying them off the field when theygot injured.
So I had to hustle and do photography work at all sorts of events. These jobs earn me a measly $10,000 after a grueling two years. I was ready to give up, but I hung on and went into photographing weddings. The lack of work then meant I tried to survive by taking on jobs both in Singapore and Australia just to make ends meet, and business began to gradually take off. My wife (who is also a photographer) and I have two independent brands. My wife serves mainly events in Singapore. I was able to have opportunities to work with clients in Perth, Australia. It was not always easy being away from her and those trips can be rather intense that I was not able to find time to visit my family in Australia. Our ability to deliver value to our clients has enabled us to gradually scale up our fees. Life became less of a struggle but it also opens up to some adult problems that we have to come to termswith.
I NEEDED TO MANAGE MY MONEY BETTER I was rather _ecstatic_ when I finally saw my savings account reach six figures for the first time. You have no idea how much I cherish having enough financial buffers such that I do not have to worry if I have enough money for myexpenses.
The nature of my projects-based work means that cash inflow tends to be uncertain. Our strategy, on a high level, is always to put a distance between our expenses and how many months of expenses our savings can last us. At least this is for my wife and me. Throughout my life, I have beenrather frugal.
When I started seeing my savings go up, I thought I better learn to manage my family’s money in the right way so that I will not lose what I have painstakingly built up. Being more introverted, I would try to see if I can find out what I don’t know online. I came across A Singapore Stock Investor . Ak71’s blog was a wealth of information. I greedily absorbed his sharing on * The right insurance policies to purchase * The impact of saving rates * Investing for passive income to supplement our lifestyles * The power of compound interest using CPF I devoured more articles and came across Mr. Money Mustache . Mr. Money Mustache gave me a path to focus upon to escape the challenges of the photography business. I have experienced the volatile industry dynamics and came to the conclusion that we might not be able to figure out the outlook of my niche in the next 5 years. Due to the physical nature of our work, I felt that it was impossible to keep up with the same level of dedication well into our 40s. By pursuing the path to financial independence, there was something in there that may give me a sense of security and not always be subject to the whims of this creative industry.CREATIVES AND MONEY
Kyith reached out to me to see if I could share my experience in managing both my money and the money aspects of my small business. I hope that by sharing my experience, some of my peers would recognize that they have to manage the money side of their life and businesswell.
The creative industry is an extremely competitive industry. There are consistently new players and the rules are always changing. The consistency is that you cannot rest on your laurels. Yet many creatives failed to join the dots between the dynamics of our industry with the money aspect. It is not uncommon to hear of stories of someone you think was doing very well suddenly fade away. It is only later that you hear that their business hit a snag they could not recover from. Cash flowproblems ensued.
I would be the first to admit I have not got the money formula sorted to perfection but I hope that some of what works for me would work foryou as well.
So here is the first lesson. LESSON #1 – CALCULATE YOUR EARNINGS BASED ON NET PROFIT In our industry, the money comes in a lumpy fashion. It is not uncommon to be paid a sum that you can spend for 1 or 2 months (or even more). February and August tend to be months which are relativelyquiet as well.
My observation is that some of my peers cannot match the cash inflow with their cash outflow. Our cash outflow tends to be more recurring. Resolving between lumpy and recurring can be a nightmare for creatives. They will think that they could consistently bring in projects that pays them a lumpy cash flow. When there is a late payment, or a seasonal period where they did not get jobs, they had to dig deeperinto their savings.
I find that if we account based on net profit, it allows me to see how much we are making, net of expenses much better. When customers pay me a big lumpy payout, I do not get overly ecstatic about it as I know part of it will need to pay for some business expenses in thefollowing months.
LESSON #2 – PLAN AHEAD IF YOU ARE THINKING OF APPLYING FOR A HOUSING LOAN AS A FREELANCER. When we came back to Singapore, we stayed in rented HDB flats. Renting was not always a great experience. The last place we rented had such a weird layout that we just could not get a good night’s sleep. That experience was the ultimate and we decided to get a placeof our own.
However, when we wanted to get a place of our own, every bank rejected our application for a housing loan, even an independent financial advisor shook his head. Apparently, it seems that as a self-employed, your credit scores are much lower than if you were an employee. In order to obtain a housing loan, you need to provide a level of certainty of being able to service the loan. That includes two years’ worth of IRAS Notice of Assessments and CPF contributions. Financial institutions also generally assume that as a freelancer, your income is unstable, hence they will reduce your stated monthly income by 30% when calculating your Total Debt Servicing Ratio. Therefore, ensure that the price of the house you are looking at fits within your budget based on your level of income before applying for aloan.
LESSON #3 – SEPARATE YOUR BUSINESS AND PERSONAL ACCOUNTS AND SET UPRAIN BUCKETS
Despite the amount of time and effort we put into our business, as a wedding photographer, there are multiple factors that can impact the amount of work we end up booking. As a result, the income we earn can drastically fluctuate every year. We felt that it is absolutely essential to creating separate business accounts and personal accounts. The business accounts then pay a recurring income into our personal accounts. Then we further divide our personal accounts into sub-accounts for different goals.Deduct
your business expense from your revenue. Then pay yourself a salary. Our plan can be illustrated in the diagram above. Our business account records all invoices and expenses. From this business account, we pay ourselves a consistent salary of $5000 (as anexample).
We were fortunate that our business account can pay a consistent salary. This income gives us stability. We can then accurately funnel this $5,000 into 5 different “rain buckets”, each with a particular life goal. The rain buckets create boundaries between the money meant for different purposes so that we know if we are overspending in some areas and whether our wealth machine is getting stronger. We use apps to create virtual rain buckets. You can check out applications such as YOU-NEED-A-BUDGET (YNAB) and WALLY to help you dothis.
LESSON #4 – KNOW WHERE YOU ARE AND WHERE YOU WANT TO BE As I went deeper down the financial education rabbit hole, Mr Money Mustache taught me one of the most important concepts. This was the FIRE concept or financial independence, retire early. Reading on financial independence where the passive income I earned could potentially cover my lifestyle expenses was a great revelation for me, and I saw a practical solution to my problems. However, we need to know where we stand (financially), before we can plan our destination and how we can get there. I will recommend that you tally up all your assets and liabilities and creating a statement of net worth that you can update on a monthlybasis.
Here is an example that worked well for us:Samuel’s
way of tracking the net worth We use a simple tracking where we laid out all our assets (cash, equities, CPF, bonds, property), our liabilities, and net worth. We felt more relaxed when we saw our numbers getting better. When I learn about the shockingly simple math behind early retirement,
you get more motivated when you realize the math might work out inreality.
Despite earning well, our lifestyle expenditure was keeping up with our earnings and we couldn’t save much. When we start tracking these numbers, we begin noticing where the problems are. We discussed and found that some of our spendings were unnecessary and so we reducedthem…
Where I learn from Kyith is to also create a separate column ofessential expenses.
This allows us to have an idea if we need to really cut back (like during this Covid-19 period), we know how much we can live on, what is the quality of life, and roughly how much to cut back. By doing this, we get a clearer picture about where we are. We can then consider where we want to get to. HOW MANY PROJECTS FOR ME TO REACH FINANCIAL INDEPENDENCE? After evaluating the formula to financial independence by Mr Money Mustache, I began to see how I can link how much we need to accumulate with our photography work. Recently, I shared with some of my peers how I link where I want to bewith my daily work:
Samuel’s
business plan that will lead to financial independence. Going through this exercise allows me to see whether my goal is realistic or not. For example, based on my past experience, can I do 40 weddings and 20 pre-weddings in a year. Can I raise my rate? It also gives me an indicator whether I am working too hard. Instead of always focusing on a dreamy goal, I can get to business to focus on getting X number of weddings and Y number of events. LESSON #4 – BUILDING A SOLID EMERGENCY FUND Most financial gurus advocate for six months of emergency fund. However, I understood early on how financially rocky it can be as a freelancer, and I felt that I needed AT LEAST 12 – 24 MONTHS OF ESSENTIAL EXPENSES because when shit hits the fan, it hits hard. I didn’t predict this pandemic, but I guess I prepared for it allalong.
Building up your emergency fund is so important in providing lifestyle stability during times like this when the entire industry is halted and there is no foreseeable work for the next 1-2 years, or if we encounter any crippling injury that stops us from being able to work. In case of a recession, it also acts as a buffer to prevent us from selling our equities or bonds at a loss for liquidity. LESSON #5 – HIGH SAVINGS RATE MATTERS FOR MY GOAL The spectrum of profit that creatives can earn in the industry vary widely. There are some who despite their best efforts, could not put a distance between their expenses and what they earn. Then there are some who get huge revenue bumps once once in a while. As we steadied each of our individual businesses, we were getting our work calendar filled and we were earning good money. Yet I noticed we weren’t feeling like we were saving well. We realized that was because our lifestyle expenses crept up as ourearnings increased.
Reading both Mr Money Moustache and ASSI on savings rate helped me understand how important it was to keep expenses low, whilst increasing earnings so that we have a high savings rate. I realize if I want to reach my financial goal, we have got tosomething.
Your savings rate is the percentage of your salary that you do not spend. According to conventional theory, a 20% savings rate will not cut it, and here’s why. Assuming that you spend the remainder of your salary: * SAVING 50% OF YOUR SALARY means that for every one year that you work, you can take one year off. * SAVING 20% OF YOUR SALARY means that every five years that you work, you can take one year off. Hence, if you want to retire for 30 years at the age of 50 and without additional wealth building tools, you will need to save for 150 years – This does not make sense to me at all, and it’s virtually impossible to retire. However, SAVING 80% OF YOUR SALARY means that every ten years that you work, you can take forty years off. That is why a high savings rate is so crucial for early retirement. It’s important that we live comfortably, but at the same time minimising our expenses ensured a higher savings rate. Early on, we made the decision to not own a car, purchase a smaller flat to reduce our mortgage payments, and to cook at home more often to build up our savings. This worked to our advantage as we increased our wealth gap, thereby channeling the extra savings to instruments that generate more passiveincome.
LESSON #6 – BUY TERM AND INVEST THE REST Early in my career, I had an accident and broke both my wrists. I still went on to photograph a wedding the next day for twelve grueling hours with both my arms in casts – that incident solidified the importance of insurance. INSURANCE DOESN’T HAVE TO BE EXPENSIVE. From the meager returns of my parent’s investment-linked insurance policies after ten years, I learned at a young age that those are pretty mediocre instruments for building wealth. The purpose of insurance is to, well.. insure! Or rather, to provide a source of income for our dependables in the unfortunate event of our passing or loss of function. A solid TERM INSURANCE PLAN that pays out in the event of death, critical illness or total permanent disability will solve that, and they are fairly inexpensive, especially if you start young. A hospital shield plan is also absolutely essential in the event that we need to be hospitalised for whatever reasons. A hefty medical bill is a surefire way to diminish our savings, and it’s far better to budget a set amount to negate that unknown scary possibility. For the above, I’ll recommend a fee-only financial planner. This ensures that they will recommend the right products for you without any reward bias in the form of commissions and kickbacks. MoneyOwl will be a great place to start for most (this post is non-sponsored nor am I affiliated to MoneyOwlin any way).
LESSON #7 – UNDERSTANDING THE BENEFITS OF CPF IN AN OBJECTIVE MANNER As self-employed people, it is mandatory to contribute to their CPF Medisave account. However, self-employed can choose to voluntary contributions to their CPF via the voluntary top-up scheme, and retirement sum top-up scheme (RSTU). I understand that we all have mixed sentiments regarding the CPF. Amongst the self-employed, the sentiments are even more mixed! I do think that it is important to remain objective and educate ourselves to determine whether it can work to our benefit or not. CPF is essentially a social security savings scheme to meet our housing, healthcare, and retirement needs. To completely explain about CPF would take a few pages, so I wouldn’t dive into that. However, as a freelancer who had zero knowledge about investing then, I saw CPF as a stable instrument with capital guaranteed and moderate returns. I also learned about the power of compound interest and calculated the possibility of having a lifelong annuity at 65 while being able to withdraw most of my contributions at 55, if I managed to reach the Full Retirement Sum in my Special account at a younger age. I therefore worked on building up my CPF Special account with money that I don’t need for the next 12-24 months. We also made the decision to pay our mortgage in cash if our situation allows us to. This allows our CPF OA and SA accounts to accumulate interest, and avoid the situation of having to pay back accrued interest if and when we sell our house. LESSON #8 – CREATE MULTIPLE PASSIVE INCOME STREAMS As creatives, I felt that we understand the concept of multiple streams of income better than my salaried friends. Each of our clients, especially those on a retainer, are one stream of income. If my salaried friends lose their job, 100% of their income gets impacted. However, if some of our clients decide not to go with our services, it is not a 100% impact. When people talked about multiple streams of passive income, I see that this is a progression from what we understand. Instead of needing to physically work with clients, we do the work upfront to build up our investments and our investments provide a diversified stream of income without us needing to be there. I’m not an investment guru, nor do I claim to know a lot. However, I started by making sure that every dollar I had was working. I parked our emergency cash fund in fixed deposits, and other multiple income streams are interest payments from Singapore Savings Bonds, CPF, and dividends from equities. Kyith has a fantastic article on building a wealth machine HERE.
LESSON #9 – INVEST BASED ON YOUR PERSONALITY AND GOALS Investing can be one method of achieving our financial goals faster than what we can earn through our jobs. It could also negate the detrimental effects of inflation on our spending power. There is a wealth of information on investments out there, and it’s so easy to be confused – (Investment Moats is one website I consistently utilised to educate myself; the breadth and depth of information it encompasses is astounding.) It’s therefore crucial to understand our personalities and risk appetite before diving headlong into the investing world. As I am extremely risk averse, I preferred instruments that could guarantee my initial capital, such as Singapore Savings Bond, CPF and fixed deposits. However, I also understood that in order to build wealth at a faster rate, I will need a higher return on myinvestments.
I learned from my early experiences of dabbling in active stock picking that there’s a lot of work involved in understanding the internal and external factors that could impact a company’s value and share price. Although the returns can be high, it’s also easy to get burned if I didn’t know what I was doing. I’m therefore more inclined towards a diversified index fund with a dollar cost averaging approach based on this book by Joshua Giersch – it explains investment concepts based on a Singapore context in an easy-to-digest format. My portfolio currently consists of the Singapore index, an international index and Singapore bonds. There are also many formulas out there calculating how many percent of your portfolio should be dedicated to equities. One such example will be 110 – your age = your percentage in equities. However, like they say, EVERYONE HAS A PLAN UNTIL A PANDEMIC SMACKSTHEM IN THE FACE.
Experiencing a market crash where my portfolio went from +20% to -35% in a matter of days really helped me understand the type of investor I am and the portfolio allocation I am comfortable with. As important as building our wealth is, we should never ever underestimate the power of our emotions versus rationality and the importance of a peaceful night’s sleep during times of extreme market turmoil. In the event of a global recession, my primary source of income could stop and I will be more comfortable with a larger cash reserve to tide my family through a long period of uncertainty. Therefore, a portfolio allocation of higher bonds and cash component and a lower equities component will suit my investment personality better. FINAL LESSON #10 – ADAPT TO THE CURRENT SITUATION AND PREPARE FORTHE NEXT CRISIS.
This lesson would be my last financial lesson. If you’ve made it this far, thank you for taking the time to read what I have shared! I hope that it has at least started a conversation in your mind about the importance of managing your finances well, especially for a freelancer. Covid-19 have really disrupted the business of many creatives including myself. The gig economy is the first to go and may be the last to open up. All the jobs from April to August have stopped and clients are cancelling their events up till the end of this year Almost 95% inquiries have stopped. Everything is a standstill. I take solace that what I learn over the course of these few years have set me up well. However, I do not know when normalcy will be restored to my photography business. And how will things look like when it is restored? As it stands, this has definitely affected the trajectory of my financial independence plan. I try to search for the positives. As challenging as it is, we have to adapt as best as we can by changing our mindset and utilising our skills to build side hustles and bring in other forms of income. At the same time, there will be other crises in the future, and we could prepare for it mentally, emotionally and financially by learning the lessons from this current one. We should always balance our drive to be financially independent with the health of our relationships. No marriage or family is worth sacrificing to be financially independent. Buy that cake for your daughter, take one less job so that you get to spend Christmas with your wife, these are the intangible valuable moments that mean the most. TAKE CARE AND STAY WOKE, From your photographer and friend.Samuel
www.samuelgoh.com
Filed Under: Financial Independence REVIEWING THE GREAT EASTERN MAXSAVE PLUS – 2.54% YIELD A YEAR AFTER18 YEARS
May 25, 2020 by Kyith 4Comments
I have a friend who knows that I collect the returns of these matured insurance savings plans. I wish to satisfy my thirst to find out how close or far they are off the projections that their insurance adviser showed them in the past. You can review all the past insurance endowment returns my friends and readers have provided me in DOES YOUR INSURANCE SAVING PLANS (ENDOWMENT) GIVE YOU 3 TO 5% RETURNS? I known my friend for some time first as a customer in my old company and then as a colleague when he joined us sometime later. After servicing his GREAT EASTERN MAXSAVE PLUS FOR 18 YEARS, it has finally matured and will get back his principal and returns.The
statement my friend receive recently. My friend put in $102.40 as a forced saving every month for 18 years. The total premiums paid amount to $22,118. The sum payable to my friend recently is $28,317. During this period, he has not taken any cash benefit and has put it back into the policy, earning a 3% return. Many people would have computed his returns as (($28317 – $22118)/ $22118+1)^(1/18)-1 = 1.38% a year. This is not an accurate way of computing his compounded returns since his contribution happens throughout the 18 years and not a lump sumupfront.
We often try to find out the INTERNAL RATE OF RETURN of this stream of cash inflow and cash outflow of my friend as an accurate measure. For the layman, think of this as the “interest rate a year” you earned for this uneven stream of cash inflow and cash outflow. If you have any doubts whether this is the right way to compute a policy’s return, in recent years, the insurance companies are publishing the projected policy yield that you earned based on internal rate of return.MWRR/XIRR
represents the internal rate of return for this MaxSave Plusinvestment.
The internal rate of return is closer to 2.54%. In the spectrum of returns that I have reviewed in the past this one is closer to the low side. You can then compare this 2.54% a year against the returns and risk of investments you made during this period, be it stocks, unit trust, bonds, government bonds, properties. For reference here are a summary of the rest of the policies that I have reviewed in the past: If you have a matured policies and are pretty OK for me to share it with readers do contact me at wealthmentor@investmentmoats.com I started this crowdsource because I am not sure if the returns from endowment plans are atrocious or respectable. No one shares their returns around. If you are interested in the details of the MaxSave Plus, you can continue to browse the rest of this post. How should we compare the 2.54% return to? I think the returns of the 10-Year Singapore Government Bond Securities is a good comparison because the duration is long, and the asset class is closer to what makes up the participating fund of the investments behind the endowment funds.In
May 2002 the 10-Year SGS Yield is 3.44% It will be easy to say that my friend should just purchase the less risk 10-year SGS bonds. However, that would not be an apples to apples comparison because my friend was putting in money every year instead of a lump sum at thestart.
Just use this as a reference. WHAT IS THE GREAT EASTERN MAXSAVE PLUS? If I were to share my honest opinion, I would expect the yield on this policy to be higher than the 2.54% we see.The reason is that
* The duration of this policy is longer, and thus the insurer can assign the money into longer duration bonds and equities that potentially have higher returns expectations * Whether the reinvested interest rate is 3% or 4%, it is higher thanthis 2.54%
Back then my friend might be 3 to 4 years into his young career and looking for something as a form of forced saving. Great Eastern MaxSave Plus is an endowment policy. The primary aim is to help you save money at a reasonable rate. My friend had to commit to a fixed monthly premium payment of $102.40 a month for 18 years. A feature about the MaxSave Plus is that from year 2 onwards, the plan pays out an annual cash benefit to you. The CASH BENEFIT of $600 A YEAR looks to be GUARANTEED. On the last year, the cash benefit payout is $2,400 instead. I reckon this plan sells very well at that time since it is a very nice feeling to have a plan that pays out cash flow to you. You can choose not to take the cash benefit and reinvest back into the endowment plan. The reinvested amounts grow at a non-guaranteed rateof 4% a year.
My friend choose to deposit his cash benefit instead of spending it. I would have thought the interest rate earned on the deposited cash benefit is 4% but it seems to indicate that the INTEREST RATE ON CASH BENEFIT HAS FALLEN TO 3%. This interest is after all non-guaranteed. PROJECTED SURRENDER VALUE BACK IN 2002 My friend showed me the total policy benefit that was illustrated tohim back in 2002:
Based on the projections, my friend would only break even on his premiums almost at maturity of his plan. We can also see that the projected investment rate of return is much higher at 6.75% and 3.75% versus the 4.75% and 3.25% we use nowadays. The strange thing is that based on the surrender value, it already projected that the MaxSave Plus plan would yield my friend just 2.5% ayear.
That does not look very attractive to a lot of people. I guess the appeal of a policy will depend on how the policy was explained to myfriend.
The idea of getting an annual cash benefit of $600 a year do sound good. What would be hard for most of us to get around is that to get that 2.5% a year return, you cannot take out the $600 a year cash benefit, which defeats the cash benefit feature. PROJECTED MATURITY VALUE REDUCES AS TIME PASSES The total maturity value at maturity was supposed to be $29,523. However, if we review the bonus statements my friend receive from 2007 to 2009, we would notice that the projected maturity value indicates the maturity value will be much lower:From $29k to $26k.
Then to $15.3k.
Then back up to $15.8 k. Eventually, at maturity, my friend received $28,317 in total. The return that my friend get does not look too far from the original returns projected in 2002. I wonder if the insurance firm revised the projected maturity value lower, would they eventually bumped it up if the investment returndoes better?
My hunch is that in reality it is very unlikely that the insurance firm will revised the maturity value higher for two reasons: * The insurance firms are rather careful in projecting the returns. Majority of the portfolio are lower in volatility and more predictable and as such a large percentage of the returns should not surprise * Markets seldom surprised on the upside so suddenly that will make the most recent revised projected maturity look too wrong I suspect that if my friend does not take all his cash benefits, the eventual maturity value based on the original projection in 2002 should be closer to $29,523 + $12,000 = $41,523. However, based on the actual performance, the insurer can only pay out$28,317.
THE LESSONS THAT YOU CAN LEARN FROM THIS REVIEW Some of my blogging friends will say if there is one lesson to learn about reviewing the actual returns, it is that YOU SHOULD ONLY TRUST GUARANTEE RETURNS IN THE PROJECTION. I find that to be hard to accept because, if you look at the guarantee returns of recent policies, the guaranteed returns projection is very,very low.
Like 0.9% low.
If you are locking in your money for 20 years, you should expect some premium to having your money locked up. IF you are only expected guaranteed returns, and the RETURNS BARELY BREAK EVEN, then WHY do you LOCK UP YOUR MONEY AT ALL? The only reason you will invest is that you are alright with the returns of a conservative investment return projection. That tends to be 3.25% instead of the 4.75% that the insurer would like to anchor your brain into. If there is one lesson to be learn, it is that * Projections are projections. EXPECT THE REALITY TO BE DIFFERENT. * You do not like the unpredictability and volatility of other financial assets. The underlying instruments of the endowment plans are the same volatile instruments, so the PROJECTED VALUES ARE GOING TO BE VOLATILE WHETHER YOU LIKE IT OR NOT * The BIGGEST VOLATILITY you will face is the volatility between the projection and THE EXPECTATIONS IN YOUR OWN HEAD. You will only know whether your decision is right or not 20 years from now. Do LIKE ME on FACEBOOK. I share some tidbits that is not on the blog post there often. You can also choose to subscribe to my content via EMAIL BELOW. I break down my resources according to these topics: * Building Your Wealth Foundation– If you know and
apply these simple financial concepts, your long term wealth should be pretty well managed. Find out what they are* Active Investing
– For the active
stock investors. My deeper thoughts from my stock investing experience * Learning about REITs– My Free
“Course” on REIT Investing for Beginners and Seasoned Investors * Dividend Stock Tracker – Track all the common 4-10% yielding dividend stocks in SG * Free Stock Portfolio Tracking Google Sheets that many love * Retirement Planning, Financial Independence and Spending down money–
My deep dive into how much you need to achieve these, and the different ways you can be financially free* Providend
– Where
I work doing research. Fee-Only Advisory. No Commissions. Financial Independence Advisers and Retirement Specialists. No charge for the first meeting to understand how it works Filed Under: Saving and Investing My Money LONG TERM RAMIFICATIONS ON DEMAND FOR COMMERCIAL OFFICES May 24, 2020 by Kyith 1Comment
Out of the many things I have read, it was a post at Housing Wire that made me wonder whether we are thinking too much in the present and not stepping back and referencing back to the baseline. Real estate are traditionally less correlated with the equity markets. This time they are really showing less correlation. Various segments are dying together with the equity markets bar a few real estate segments, who are thriving instead. Tenants have zero revenue and therefore cannot pay rent. The whole chain of parties from landlords, corporate lenders, shareholders, suppliers are all affected. Many commentators are saying people in history will reference the period before Covid-19 and post Covid-19 as a pivotal period where allthings change.
I think they are right but like always it is the extend of the change that may matter more. One of the tough thing to do in investing is valuing businesses because the nature of the business changes and this affect the intrinsic value of the company. Usually, we are able to put our money down when we have higher conviction. Usually, certain aspect of that company we are certain about. What Covid-19 did was to make us question whether what was once certain will continue to be certain after this or will changeentirely.
The real estate sector have been certain for a long time. Even within the sector, there are changes in trends. However, they take place in a past that every stake holders can adjust to. Now, everyone seem to think that with work from home, there are no need for offices. I think there will be moderation, but this is not new. It will be the pace we are talking about. Even with 10-20% overall vacancy will kill the valuation of certain property portfolios. How big will the effect be? I am not sure. In this post, I pulled together some of the things I have reader on this subject. I will list out some of the main points that stood outto me.
EVERYONE DOWN THE LINE IS AFFECTED Animal Spirits: Investing in Corporate Real Estate >> An interview with the manager of a USA ETF that focuses on triple net lease REITs, or REITs whose tenant pay for almost all the costs. I first shared about the appeal of net-lease REITs in this post here.
The parent company of the ETF is collaborating with huge asset manager Brookfield Asset Management to carry out sale-and-leaseback deals to help businesses that are hit a deal with cash flow better. While there are aids provided by the government, it is not enough. The banks are not lending out as they should. Some of the triple net lease REITs were affected because the tenants are Restaurants, Gyms, Day Care. Surprisingly multi-family homes may be affected in the long run because of people relocating to other cities. The appeal of net lease properties is that the tenants have long term contractual obligations. The tenants cannot break the lease easily. The net lease REITs are taking the approach of working with their tenants to defer the rent, and then amortizing the rent over the rest of the contractual terms. Everyone becomes a loser: * Tenant cannot pay the rent * Landlord takes a hit * Corporate borrowers take a hit * Shareholders take a hit as well When tenant goes bankrupt, everyone down the line takes a hit as well. In order to invest, you have to believe that in the long term, things will go back to normal. That is, you will drop off your kids at day care, you will go torestaurants to eat.
They are seeing business picking up in different industries. Consumer behavior changes and so does how business is carried out. And so the revenue are recovering as well. They also observed that suburban real estate is really growing. FACEBOOK CEO’S FUTURE OFFICE POLICY IN FULL RAMP CAPITAL LLC: WHAT WE CAN LEARN FROM GLOBAL WORKPLACE ANALYTICS The Death of Cities >> Accroding to Gallup, Americans don’t want to live in big cities, they want to live in rural areas. The reason they live in big cities are for jobs and opportunities. Data from Global Workplace Analytics: * Only 3.6% of U.S employee workforce currently work from home 50% ofthe time or more
* 43% of employees work from home with some frequency * 56% of the employees have a job where at least some of what they could do could be done remotely * Studies show desks are vacant 50-60% of the time * 80% of the employees say they would want to work from home at leastsome of the time
* 35% of employees would change jobs for opportunity to work remotely full time (Millennials much more than Boomers) * 37% of employees would do so to work remotely some of the time (Millennials much more than Boomers) * Greater than 33% of workers would take a paycut of up to 5% in exchange for the option to work remotely at lease some of the time. 25% would take a 10% paycut. 20% will take an even greater paycut Moving to suburban places are more appealing. The rents in major cities are too expensive. The cities with affordable housing and zero state income taxes may become very appealing to educated and rich workers. On Facebook’s new policy: If you move away from the city, you are most likely to take a pay cut. There are trade-offs and you have to think about it. It might just be worth it still. Major tech firms may not need to be headquartered in big cities. This will not kill the cities but will set growth back. We may see tech firms moving to the suburbs. It will depend on whether the firms take the lead. The workers will follow. THE INCREASE IN REMOTE WORK OR WORK FROM HOME JOB SEARCHES WSJ: For Many, Remote Work Is Becoming Permanent in Wake ofCoronavirus >>
“Just as Intel, HP, and others originally defined how we operated for decades in tech, we’ll see a redefinition for the 21st century by new digital companies.” – Aaron Levie, CEO and co-founder ofBox Inc
LinkedIn recorded a 28% increase in remote job postings and a 42% increase in searches using the terms “remote” or “work fromhome”.
“The response to the pandemic has revealed the viability of remote work for many businesses that had access to the necessary technology, but were hesitant to expand the practice.” THE PHYSICAL DESIRE AMONG HUMANS TO BE PHYSICALLY PRESENT IS HARD-WIRED INSIDE OF US. Jeffry Carter, General Partner at West Loop Ventures: Work FromAnywhere >>
The last 10 years have seen a move towards urban city center vertical office campuses. Things might change so that worker can get outside in a less crowded space. _“You strip out a commute and you strip out having to get on an airplane for business meetings and you kind of remove a lot of these other things that crept into the work that you had to do.” _–Aaron Levie
Conferences and meetups have more value compared to when on Zoom. There are things that happen spontaneously in offices because people are in physical proximity with each other. These are the random stuff and conversations and comments. These spark ideas. Even before Covid-19, CEO have a problem recruiting for their offices in areas like San Francisco, Los Angeles, NYC and Chicago. They were looking for a way to leave or reduce their headcount there. Covid-19 gave them the perfect opportunity. There are states that wishes to raise more taxes and there are states that are more “free”. Migration by firms may take place and this may impact not just state policy but also federal policies. Since 2012, Jeffry have been noticing a trend towards co-working. Home space tends to be too cramped up. It may not be WeWork but other companies will take its space. AVOIDING OUR COGNITIVE BIAS TO THE ANALYSIS OF LARGER HOMES AND OFFICESPACES
HousingWire: Could the coronavirus crisis lead to larger homes andoffice spaces >>
There are predictions that home size and office space have to increase but may be predicated upon the assumption that the prospect of a viral outbreak is the only factor a buyer considers. Owners can have 50% of workers that are productive working from home to work from home and another 50% to work in office with better spacing. This may mean status quo. Long term productivity is also unknown. “The Spanish flu wreaked havoc on the U.S. economy, and many predicted it would lead to a decades-long recession – but instead, the pent-up demand to spend and enjoy life spurred the roaring 20’s. No one has a crystal ball to tell the future. But we do know that cultural change is usually slow, methodical, and the result of many social inputs. The accuracy of any prediction is incumbent on capturing as many of those input as possible and avoiding the cognitive bias of “What you see is all there is.” MASS COMMUTING AND SINGAPORE OFFICE Mass telecommuting will shake up S’pore’s CBD, end work and office life as we know it>> Human resources technology start-up EngageRocket, the Institute for Human Resources Professionals and the Singapore Human Resources Institute — has gathered more than 2,700 responses on workplace sentiments in Singapore since April 13. * 8 in 10 employees in Singapore wish to continue working from home at least half the time or more after the circuit breaker * 40% of younger workers said they were less productive than before. 49% of older workers said they were less productive than before * Companies cannot just manage employees based on face time * Peak hour traffic might be a thing of a past * Grade A office rent will get affected short term * Companies will fold or they might have multiple offices aroundSingapore
* Office space might be re-design * The retail shops, Gyms catering to office crowd are badly affectedas well
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