Life and Finance

Do we all not ask ourselves "Why" every day? Why do we have to study? Why do we have to work? Why do we invest? Why are you here reading this now? One word. A word that fires up the neurons in the brains and forces us to put into perspective of why do we do the things you and me are doing, even right now. Why did I pen down my thoughts on what I felt about this video? Personally, I feel that this commercial by the Ministry Of Education was tasteful and well-executed in its intention. I really like it. More than anything else, it stimulated thought and is flawless in the timing of the release. So what did I learn from this commercial? In the video, the man looks back in time as the boy who never stopped asking questions. Perhaps the first learning point that stood out to me the most, is that as Singaporeans, we must be bold and unwavering in our own quest for answers. We give purpose to those pursuits and when the going gets tough, we remind ourselves of those question

Ever since I've been using the 'Money Jar' way of accumulating wealth, I found myself changing in the way I think about saving and spending. This 'Money Jar' method is not new and in fact, many have been using this for a long time to allocate their income into different jars. How did it work for me? POSB Expenses Jar Self-explanatory right? I used the allocated money for daily expenses. Most will only have this one type of account. OCBC Emergency Jar  You're supposed to only touch this money when you are in dire straits and where unexpected events requires you to draw upon this jar as a last resort. In the past, I did not see the need to lock down part of the savings I had. In fact, I was drawing expenses from the savings I had. It became obvious that I was getting poorer. Today, I am trying to share this important lesson. I believe you should always have emergency capital before you actually start saving for other goals. CIMB Investment Jar 

It's crazy. Every year, tens of thousands if not millions(statistics plucked from air) visit Singapore Pools and try their luck at Toto. This year, it is the hope of winning $13.9 million! What would I do with that much money? It's easy to say what one will do with that much money overnight. I believe if a person gets rich overnight without actually working hard for it, then it is difficult to control what you are going to do next. I'll probably do this, say only. How many of you can actually say you will stick to your hopes 100% percent fully? 1. Make it $139 million or $1.39 billion! Literally swimming in a pool of money. Net worth is more than the sum insured in insurance. 2. Give my family a good life!  My parents can retire and not worry about money. 3. Buy a villa! Who wouldn't want a big house? 4.  Buy supercars and a garage full of it!  Cause they are fast and thrilling. Probably park them overseas for circuits and some country roads drivi

It was about 3 months ago that I subscribed to POSB Invest-Saver Regular Savings Plan (RSP) amid all the global turmoil. This RSP buys the Nikko AM STI ETF(Ticker: G3B.SI) every month with the amount you set(eg. $100). There is another STI ETF(Ticker: ES3.SI) but you can't buy it with this plan. This 2 ETFs simply tracks the performance and try to replicate its returns of the Straits Times Index(STI). From an NSF This is also the first foray into stocks for me, putting $100 from my NS allowance into this. Now how did it go? Dollar-Cost Averaging Buying less at high prices and buying more at low prices has allowed me to average down the Average Unit Price and Average Unit Cost though it is quite insignificant given the short period of buying. Currently, with the $1 commission, the Total Investment Cost is $293.49. The Cumulative Portfolio Value is $290.49.  Given the negative news surrounding the world financial markets, it's a -$29.49 portfolio loss with