Ru's Personal Finance Blog

Seven Steps to Financial Abundance - My Comments

2011-07-04T21:19:00.000+08:00

After a prolong duration of overworked life, I've decided to step a step back and concluded that work isn't everything. I've a life to live. :) Hence, I've started my reading plan all over again lately. I recalled reading the book - Secrets of Self-Made Millionaire by Adam Khoo, probably more than 1.5 years ago. So, picked up that book and started reading... After reading the first chapter, I

Money Personality Type

2010-12-24T23:43:00.001+08:00

Money Personality Type: "People always relate success with money. Every successful people are rich people! Somehow, I find it quite true as well. Most of the success..." Here's my friend's post on the Money Personality Type which we've learnt during the MMI. so.. Which one is yours? Actually, I remember that I've only heard 4 main types during the event so perhaps the 5th one about the "Amasser"

Understanding the Root Cause About Your Money Believes

2010-11-27T10:11:00.004+08:00

Have you ever asked yourself, the following questions? What is money? Is it just a piece of paper? What can you do with it? - Take out a piece of your biggest note inside your wallet and think about it... What did your parents share with you about money? What is wealth? Is it just about having lots of money? Is it important to you? What can it do for you? What's your impression of rich people?

I'm blessed to be in Singapore

2010-11-18T12:41:00.000+08:00

Well, over the past few weeks, what I've concluded from the "Guide to Investing in Gold and Silver" is that, I felt very blessed to be living in Singapore. Because, I'm pretty certain about is that our government is certainly a lot better at managing our current money supply. :D Overall, I felt that what the book was saying is about how currency is being created out of thin air, and why it

Is Wendy Kwek or Executive Directions a Scam? -- Here's my take

2010-11-07T00:25:00.004+08:00

Here's my take on the entire episode, I can't help but really want to comment about it for the sake of my mentors. I agree that property investment is the "In" thing now and that is precisely why there are so many seminars out there promoting the property investment idea. Think about this: Would you like to have a friendly mentor that is willing to share and guide you along the way? Yes, Wendy

Comments on: Wing Tai's AGM

2010-10-25T18:49:00.000+08:00

Today, I'm the proxy to attend Wing Tai's AGM but then I was about 15 mins late so, it's actually over LOL. Well the AGM is actually held at Raffles City Atrium Convention Centre. Amazingly, the AGM lasted about 10mins according to the chairman. What I can guage from the AGM is that they are very successful in coaxing their shareholders in terms of their needs. Most of them are not young and

Highlights from Investment Outlook Seminar

2010-10-24T14:00:00.001+08:00

After attending the Investment Outlook Seminar conducted by Financial Alliance Pte Ltd on Thurs, I felt that the presenter of seminar is pretty honest and frank about their sharing as well as in their investment strategy. The way they help their clients invest is not just by purely asset allocation but rather based on their research and market analysis in order to protect their client's capital.

US National Debt Clock

2010-10-21T00:09:00.000+08:00

During the MIPA program that I've attend at the beginning of this month, we got to visit this Interesting Site - U.S. National Debt Clock : Real Time. It's amazing how the amount of debt gets higher all the time and it keeps me pondering about... What's next? Perhaps the great stock market sale is still in the making. Let's look forward to it :)

Difference Between DBSS and BTO

2010-10-12T13:18:00.000+08:00

The main difference between DBSS (Design, Build and Sell Scheme) and BTO (Build to Order) is: DBSS are new flats in mature estates developed by private developers, hence are not considered to be subsidized. So 2nd time HDB buyers do not need to pay HDB resale levy if they buy such flats. BTO are new flats in new (aka upcoming) estates developed by the HDB, hence they are still considered to be

POSB Everyday Card - How to Save $ with it?

2010-10-02T23:12:00.001+08:00

The new POSB Everyday Card has a auto top up feature that's something like the CitiBank SMRT card. Just that from experience, last time when I use the SMRT card from CitiBank, actually it totally didn't give me any rebate because I spend merely $50 using that feature only. So in the end, after 1 use, I decided to just terminate that card since it's quite pointless anyway, I heard that you need to

Profit Margin -- Apple Analogy

2010-09-18T01:02:00.000+08:00

There are 2 types of Profit Margin, Gross Profit Margin and Net Profit Margin. Here's my analogy used to explain it to one of the graduates at MIP today: I bought an apple at $0.60 and my staff sell it at $1.So my gross profit is $0.40, hence the gross profit margin is $0.40/$1 * 100% = 40%. I paid my staff $0.10 to sell that apple. So my net profit is actually $0.30. Hence, my net profit margin

Comments on Jiki Life Aka Japan Life

2010-09-13T23:58:00.002+08:00

My friend once shared with me about Jiki Life (Japan Life). They basically managed medical devices in a way similar to real estate. E.g. Jiki Life sells me some medical devices (about $3K worth) and I'll get the "title deed" of the medical devices and become the owner of it. After which, I'll entrust Jiki Life to rent it out for me at 6% p.a. (about $15/mth). After 20 years, I either get back

Companies Affected During Economic Downturn

2010-09-09T23:13:00.000+08:00

According to the book "Your First $1,000,000" By Dr Michael Leong, there are various type of companies that are likely to be affected in the event of economic downturn:-Highly leveraged companies I quite agree with it as such companies have large amount of debts. During a downturn, there's a slight chance that if their business is not good enough, they might not have the funds to pay off even the

Lessons from the Cashflow Game

2010-09-08T12:16:00.074+08:00

After playing and facilitating Cashflow Games, I understand more about the various ways to achieve financial freedom. There are really many lessons that I've learned from the game itself. For those that does not know about the game, here's a brief description, the main aim of the game is to get out of the rat race and into fast track. Which is like get out from our employee cycle (rat race) to

Things about Private Residence's cooling measures

2010-09-06T22:15:00.000+08:00

With the new cooling down measures that our government implements recently, there are a few things that we may need to be aware of before investing in private residential properties (e.g. landed bungalows, semi-d, terrace house, condos, etc). Seller's Stamp Duty (SSD) is now imposed on residential properties sold within 3 years (used to be 1 year this Feb). [I think it's to encourage the

Things about HDB flat's cooling measures

2010-09-04T22:14:00.002+08:00

Our government has announced some new measures to ensure that our property market to be more stable and sustainable on 30 Aug 2010. I think their aim is to cool down the property market so that middle and low income group can afford the property in the long run and to reduce over speculations. Here's my summary of the overall picture in my knowledge: Concessionary HDB Loans (as in direct loan

Glad to know of my dream financial advisory service

2010-09-02T11:44:00.000+08:00

http://money.cnn.com Recently, a new friend from some networking session shared with me that my dream type of financial advisory service is actually available! He's currently a director for an independent financial advisory firm, called Financial Alliance. From what he told me, the way he services his clients, and the way he educates his staff sounds a lot better than most other financial

CIMB Higher Interest Savings Account

2010-08-31T00:38:00.000+08:00

CIMB StarSaver Account:ProsAt least 0.5% interest rates per year.Interest rates become 0.8% per year if you put in additional $500 or more every month.No fees deducted even if the funds fall below $5000.Free Cheque Book.Monthly Statements.Free internal fund transfer to your own account in CIMB.ConsMin Deposit of $5000.Min Deposit to earn interest: $5000.Can only be open from age 21 and above.Not

Genneva Gold

2010-08-29T22:46:00.003+08:00

Genneva Gold is a company that I've came to know recently, the rebates scheme that gives us up to 24% returns sounds too good to be true. After operating for years, the company is still able to retain its operations and I suspect that the main reason behind it is in the gold, itself. As gold prices kept increasing these years, if the increase in gold price is more than the rebate scheme that it

Higher Interest Savings Account

2010-08-27T18:50:00.001+08:00

Here's some of the Higher Interest Savings Account in Singapore:CIMB StarSaver Account (0.5% to 0.8%), minimum amount required to receive interest is $5K and above. 0.8% is not easy to get, needs additional balance of at least $500 a month to get it. Comes with Monthly statement and Cheque book.MayBank iSAVvy Account (0.25% and 0.4%, may go up to 0.26% and 0.41% respectively based on loyalty, for

Increase your streams of income

2010-08-25T20:22:00.003+08:00

Whether you are an employee, self-employed or business owner, or even investors, you can still increase your streams of income. But of course if you are currently an employee, avoid quitting your job before you have any form of passive income just to do things you would love to do more, unless you have enough money to cover your expenses for at least 1 - 2 years. And make sure you plan well

If you do have debts, create a repayment plan

2010-08-23T20:21:00.002+08:00

If you do have debts, such as credit card loan, car loan, housing loan, study loans, etc, start planning which loan to pay off earlier and what to pay off 1st. Make a list on the type of loan, interest amount in %, amount you need to payback, and look at how much you currently have. After deducting a basic 3 months worth of pay, if you do have anything left, look at which is higher, the

Invest Fair 2010

2010-08-22T21:10:00.000+08:00

I attended the Invest Fair today with some of my fellow MIP classmates :) They have like about 4 seminar rooms which wasn't exactly very big. But just enough for the amount of crowd I guess. Wasn't a very crowded place. And it's the 1st time that I went to Marina Bay after so long. The last time I went was when they still have steamboat buffet. In the end, I registering for an account in an

Change the way you pamper yourself!

2010-08-21T20:20:00.005+08:00

Image Source: http://www.travelblog.org/WallpaperIf the way you pamper yourself is costing quite a sum, do consider changing the way you pamper yourself: -If you love buying yourself presents, consider buying yourself a more income generating present such as a particular good stock that gives good dividend yield, good investment grade property that gives good rental income, basically, anything

Where and what to cutdown on?

2010-08-19T20:03:00.039+08:00

After we have create our budget and tracked our expenses, it's time to make a list on all the non-essentials that you have been spending on for the past 1 month. If you are wondering what's an non-essentials, it just means stuff that you buy but without them, you will still survive and carry on with your life. Eg.Meals out (tea breaks, coffees, high class / expensive lunches / dinner) Drinks (

Be Fearful When Others are Greedy

2010-08-18T18:04:00.000+08:00

I always remember these words by Warren Buffett - "Be Fearful when Others are Greedy, and Greedy when Others are Fearful." Not sure if I should comment on this but recently the hottest topic in Singapore is probably about the 14% increase in Genting's Share Price!Ref: http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_566194.htmlWell my take is that, the main reason why it

Creating and Tracking Your Budget

2010-08-17T16:38:00.003+08:00

If you are wondering how to create and track your budget, here's a monthly expense tracker but then it tracks your income and expenses every single day. Alternatively, a way to ensure that you'll keep to your budget is to withdraw all the cash that you intend to spend for the month and put it into jars, label the jars according to what you wish to spend your money, i.e. Food, Travel, Movies, etc

Where can I find more money to invest?

2010-08-15T13:57:00.023+08:00

If you would like to invest and wanted more money to invest in, here's some steps that you may want to consider taking: Create a weekly and monthly budget so that you can track what are you spending on List your non-essentials and find out if you can reduce spending on them Change the way you pamper yourself, do it in a way that requires less money Create a repayment plan that prioritizes your

Potential Event due to High Borrowings

2010-08-13T22:02:00.002+08:00

After understanding more about borrowings, let us look at what might happen to a company in the event that they had high borrowings:- Well let's quote the Sino-Environment as an example, it's ex-CEO Sun JiangRong pledge his stake on the company to secure his own personal loan and due to the bad market conditions, it triggers a force-sell which caused him to lose control of the company entirely.

Borrowings / Debts

2010-08-11T17:25:00.002+08:00

Borrowings/Debts refers to the money owing to the banks and other members of the public (through the use of bonds - long term / notes - short term). In the event that the company is unable to pay off these borrowings / debts on time, the company is very likely to end up in a highly undesirable position. The ability to pay of borrowing / debts are especially crucial to the survival of the company.

Fold an e-Heart Today!

2010-08-09T17:48:00.002+08:00

Fold an e-heart on the following link and Singtel will donate $1 to Charity! Let's share this with everyone! They are still short of quite a number of e-hearts!! Do give them a hand in that :) Click here to fold an e-heart! Thanks everyone. The Charity Drive has ended. :)

Opinions and How it helps..

2010-08-08T13:41:00.001+08:00

Be positive, give others only useful and constructive comments that will help them move towards a better tomorrow. I'm still working on this myself. Shall we do this together so that we can help those we wanted to help. By giving them negative / destructive opinions that they might not know how to convert to a positive / constructive one, there's a chance that they might end up never doing what

Getting in the Money Game

2010-08-07T12:33:00.002+08:00

When getting in the Money Game, our aim has to be for wealth and success, not just for survival if we do wish to become rich and financially free in future. In fact being contented may be good but it doesn't help in making you rich. You have to imagine your life to be what you want it to be and not as what it is currently. Consult people that are already at where you would want your life to be

Wealth & You

2010-08-06T12:25:00.004+08:00

I personally would like to recommend the book "Nice Girls Don't Get Rich" to not just women but also to nice guys as well. Why? Because it's the nice factor in the play that doesn't make you rich, especially when you are too nice when it comes to money. For example, you are taught to be nice instead of being powerful, so you give helping hand to almost everyone in your workplace and ended up

Protective Put Vs Covered Call

2010-08-05T14:15:00.004+08:00

Options when traded the usual way as a form of leverage to make money through the current trend of your stock is very risky in my personal opinion. However, options can also be used in a way that you can either protect your downside or make money with it. But before you implement any of these strategies, you've got to analyse your stock's fundamentals before purchasing to minimize your risks

Call & Put Options - The creative explanation :)

2010-08-04T23:56:00.005+08:00

Basically, there are 2 types of options, namely, call option and put option. For both type of options, it is worth more money only when you can make money out of it and it becomes rather worthless when you can no longer make money from it. When it expired, it's worth nothing at all. Call Option This is a contract that allows you to buy a specified stock at a specified price before it's expiry.

Every financial problem has a solution!

2010-08-03T11:48:00.002+08:00

The lesson for today is that for every financial problem, there's always a solution. If there isn't any solution, then it's not a problem. :) Here's some examples:- If you are in debt, work out a debt repayment plan and stick to it! Even if you have low salary, you can still spend less than you earn. If you feel that you are useless with money, just be more open to learning your way to financial

4. Recommended - Travel Insurance

2010-08-01T12:36:00.002+08:00

Here's why I recommends Travel Insurance: I recommend that you get this policy whenever you are going for tours. You get this claim on top of whatever existing plans that you may have in place. Additional coverage for travelling is good as it gives you a peace of mind for your trip as it covers travel related events, such as flight delay, baggage delay, lost of items during trips and even trip

3. Recommended - Accidental Insurance

2010-07-30T12:32:00.001+08:00

Here's why I recommended Accidental Insurance: I recommends accidental insurance for those people that are currently not holding a full time job that gives you such coverage. This is an important policy be it housewife or children, etc as it will cover our bills in the event of accidents that might occur in unforeseen events: Accidental Death Accidental Medical Expenses (this is good when it

2. Recommended - MediShield Insurance

2010-07-28T12:29:00.001+08:00

Here's why I recommends MediShield Insurance: Medical Shield Plans are good as you can pay for the plan using your CPF Medisave account, of which the money is not really yours as you can only use the money in your medisave for things like medical bills, MediShields etc and you can never withdraw it anyway. Only your kins get the money in the event that you passed on. It's recommended that you

1. Recommended - Term Insurance

2010-07-26T12:23:00.001+08:00

Here's why I personally recommends Term Insurance [Buy Term and Invest the Rest] If I can set aside $100 - 200 / mth for insurance cum investment, I'll prefer to get a term insurance with critical illness coverage (add-on) at least till age 65. The cost now may be higher than short term 5 / 10 years plan but in the long run, it's more value for money. If possible, I'll love to get a term

4 Types of Insurance I Recommend

2010-07-25T23:45:00.003+08:00

Here's the type of insurance I personally recommends: Term Insurance MediShield Insurance Accidental Insurance Travel Insurance As for the amount of coverage recommended, it depends on how much you would want your family to get to continue with their life and yet be able to take care of you and pay off all the medical bills and other expenses. General guideline is about 2 years worth of your

Intrinsic Value

2010-07-24T23:34:00.002+08:00

Basically, intrinsic value of a company / asset is the estimate of the true underlying value of the company / asset based on fundamental analysis. It's usually calculated using the discounted cash flow model and / or valuation of the underlying net asset (all valuable assets such as cash, deposits and good properties, less all borrowings). Usually this value is different from the company /

Plan for yourself

2010-07-22T22:38:00.003+08:00

Financial planning, Asset planning and other stuff related to the financial aspect of your life is very important in today's era, if you do want to leave a legacy behind for your loved ones. But how many of you take action to find out more about how you can plan for yourself and your loved ones? Here's some areas you may want to consider planning:- Career / Business Planning This is the most

How to Achieve your Financial Goal!

2010-07-21T11:50:00.002+08:00

Well, after deciding what is it that you wish to attain in terms of financial success, and you've set your financial goal, you will need to work towards your goal. There are basically 5 simple steps that you need to implement: Write your goal onto a piece of paper and paste it somewhere obvious that you will see everyday Imagine how it feels like to have achieved your goal Start your intuitive

Courses you may want to attend...

2010-07-21T11:49:00.001+08:00

Here are some of the courses that you may want to attend: Entrepreneur Action Program You will learn how to start your own business with little or no money, how to design flyers effectively, how to market and improve your business etc. If you are thinking of starting your own business but not sure how to, started your own business and wants to take it to greater heights, leverage on the network

My Comments on The Villages of Aina Le’a, Hawaii

2010-07-20T22:43:00.004+08:00

I've came to know of this particular Joint Venture scheme through a friend I've met recently. What I felt about the investment itself is that it's a relatively safe investment scheme as the returns is pretty normal and does make sense, yet a lot higher than most of the bond / fixed deposit returns out there. Here's what I felt are the pros and cons of the investment itself: What's good about

Suggestions for the Recent Flooding Event

2010-07-19T00:11:00.003+08:00

After the flooding incident about 1 month ago, here comes another wave of flood at Orchard Road recently. I seriously feel that the areas vulnerable to floods especially Orchard Road areas must improve on their drainage system as soon as possible. As this not only affects our countries reputation, it might also affect our tourism in one way or another. I feel that we should look at affected

Interested in playing Cashflow Game?

2010-07-17T21:45:00.001+08:00

If you have heard about Robert Kiyosaki, you probably have heard about his CASHFLOW 101. The game helps to open our mind and teaches us the key towards achieving financial freedom (getting out of the rat race). Only upon understanding how the game works, can we get out of the rat race and get on fast track. At times, it depends a bit on luck but the major part of it is more about whether or not

What you wish to achieve in terms of financial success?

2010-07-15T23:09:00.000+08:00

Have you ever pondered over what does financial success means to you? In which area would you like to be successful in financially? e.g. Getting a highly paid career, having a successful business that generates lots of income for you, having 1 million dollars, having millions or even billions of dollars in terms of cash or networth, or even having a constant passive income that gives you

Tips on Investing your funds towards Financial Freedom

2010-07-13T23:05:00.004+08:00

Here's some tips that you may want to consider with regards to investing the money you've set aside towards achieving financial freedom. Ensure that you have 6-12 months worth of expenses in terms of savings in either money market fund / savings / current account so that it is safe enough and easily available when you might need it. For funds put in money market fund. These money must be in a

Manage Your Cash Flow

2010-07-11T23:37:00.005+08:00

Here's some suggestion on how you can manage your own cash flow condition: You will need to track your expenses for about 3 months to find out exactly what's your expenses per month so that you can find out if you can cut down your expenses. Keep 1 month worth of expenses in cash in a separate spending account just for spending every month and stick to that budget. You need to pay yourself first

Financial Freedom

2010-07-09T21:24:00.007+08:00

Perhaps you may be wondering what exactly is this Financial Freedom thing that I'm always mentioning and talking about. Here's some lights to it... Financial freedom is something that I would very much look forward to, i.e. my passive income is able to pay for all my expenses, so whichever amount I earned on top of that will only improve my life further and I no longer need to worry about paying

CO Pharm Analysis - July 2010

2010-07-08T23:10:00.000+08:00

Here's my take on the company CO Pharm: Buy Price: <= $0.15 Hold Price: >$0.15 but < $0.37 Sell Price: >= $0.37 Current Price: $0.45 So I personally won't invest in this company as of now because: 1. It's quite overvalued 2. The dividend yield don't seem very high 3. The P/E is already 15.6 (The normal at value P/E is usually 10-15, but varies among different industries) 4. They don't have a

Mortgage Loan

2010-07-07T23:39:00.002+08:00

The main source that you can get mortgage loan from is the bank. For overseas property, you may want to utilize their local banks for the loan as those banks in Singapore won't allow you to pledge overseas property for their loan. For HDB, you have the choice of taking it from HDB itself, which charges a flat rate of 2.6% per annum. As for the various banks, they normally charge a fix rate for

New Haircut

2010-07-06T23:39:00.002+08:00

Well, for today, let's take a break :) I know this is out of the topic but here's my new haircut. Most of the people that saw me yesterday says that it's nice. I guess due to the lighting and the camera, somehow my haircolor looks a bit off in the photo. It should look a bit more red than what's shown. And with the new makeover, my face looks quite smooth in the photo actually. But I still think

Mortgage Loan - Refinance VS Reprice

2010-07-05T23:06:00.001+08:00

What's the difference between Refinance and Reprice? Well perhaps some of you may not even have heard of the word repricing. Refinance means that you change your mortgage loan on your existing property to a different bank so as to enjoy a lower interest rate. Repricing means that you change to a better mortgage loan package on your existing property with the same bank to enjoy a better interest

3 Tips on Investing Regardless of Market Condition

2010-07-04T23:26:00.005+08:00

Often people are confused not sure which way to go, what to invest. I hope the following tips would help you. Here are some investment tips: 1. Stay focus and invested No matter what you do, you must always understand what is it that you are doing. If you have already bought an undervalued stock or any unit trust or any other investing tool that does not have any threat of being closed down,

Get Your Family to be Financially FIT!

2010-06-22T00:43:00.008+08:00

As the economy recovers gradually, we tend to leave the past lessons learnt behind us. Hence, it’s important to prepare yourself and keep your family’s financial state healthy in order to protect your family. Set aside at least 10-20% of your income and put it in an account to build your “Golden Nest” towards financial freedom. Use this money for savings (6 months worth of expenses) and put the

Millionaire Investor Program

2010-06-11T23:46:00.018+08:00

I'm glad that I've attended the Millionaire Investor Program by Ken Chee and Clive Tan as it taught me how to analyze the fundamentals and value of a company. It helps in letting us sleep better at night especially during major market correction and under volatile market conditions. In Millionaire Investor Program, I've learnt how to read financial reports, understand the fundamentals of stocks

What is Warrants?

2010-06-10T23:49:00.018+08:00

Warrant is an investment tool that enables the holder to gain exposure to a security at a fraction of the stock price. It is tied to the exercise price, a price at which you can have the right to either buy or sell the underlying stocks at, before the pre-determined date tied to the warrant, depending on the type of warrant. Hence, it can be used to profit from both a rise and fall in the stock

Continue to Hold Gold?

2010-06-08T01:15:00.007+08:00

Reference: Marc Faber, Jim Rogers Continue to Hold Gold Here's my summary of that article:- The market currently is unstable and fluctuates so much hence affecting gold prices as well. In fact, it has begin to dip a little. But investors and pundits like Marc Faber and Jim Rogers both have no intention of selling and are looking at acquiring more. The main reasons why these guys continue to do

Income Tax - Course Fee Relief

2010-06-06T22:46:00.002+08:00

What can be claimed: And I've came to realised that actually almost all course, which includes private courses, seminars and even conferences can be used to claim tax relief up to $3,500. So do remember to keep all your courses receipts and claim them for income tax rebates. But it has to be related to your current trade, business, profession, vocation or employment. What can't be claimed? For

Income Tax

2010-05-06T21:07:00.002+08:00

There are various modes of payment, of which I feel that the default IRAS monthly giro system is still the most convenience after all. 1st, it deducts directly from your bank account every month. It's comes with true 0% interest with no processing fee. U gain all the interest earned from the rest of the money kept in whichever instrument that you invest it in. Even ig you put the money inside

Unit Trust

2010-02-16T22:43:00.002+08:00

Unit Trust (also known as a collective investment scheme) is a pool of money managed collectively by a fund manager. The pool of money usually comes from retail buyers, such as you and me. Unit Trust is started with investors buying units in a particular trust / fund, e.g. usually at least $1K per investment. All these money are pooled together to buy a portfolio of assets such as other unit

Lower Outpatient Bills..

2010-01-08T22:49:00.001+08:00

If it's not an urgent case, it's actually worth your time to undergo the long polyclinic queue and get a referral letter before seeing a doctor, especially specialist at hospital. The bills will add up to actually quite low. Because the cheapest means is to go from polyclinic to hospital, then from normal private clinic to hospital, then directly to hospital.

Bonds

2009-12-16T23:44:00.000+08:00

Bonds, also known as Fixed Income Securities, is a debt instrument that may or may not give you fixed interest payments (coupons). Most bonds pay interest on a annually basis and the full principle on maturity.Some variants are:Zero-coupon bondsThose bonds that does not give fixed interest payments but are sold at deep discount of the maturity (par / face) value. In other words, you don't get the

Treasury Bills

2009-11-08T19:29:00.000+08:00

All the below is based on Singapore Govt Treasury Bills, part of Singapore Government Securities.This is the safest type of instrument especially if the Treasury Bill is issued by our Government. In general, this is something which is considered to be risk-free as it means borrowing our government money. Minimum investment size is $1K depending on where it's being sold.Such investment instrument

Term Insurance

2009-09-17T23:12:00.003+08:00

The cost of such insurance depends on your age but it's by far the cheapest form of insurance available. Normally it covers death and total permanent disability only. Some covers critical illness as well but you will need to confirm this with your agent. There are some policies that you can buy the critical illness as a rider of the term plan. Read more on critical illness. If you wanted to be

CPF Education Scheme

2009-08-16T23:40:00.001+08:00

Hmm as I've mentioned before, unlike normal Tuition Fee Loan and Study Loan Schemes from the bank, CPF Education Scheme incurs interest from the moment it's withdrawn as this is to ensure that the person of whom you borrowed that money from will continue to maintain their original retirement savings. Although some felt better as it means borrowing money from their parents but.. If you can afford

Im$avvy Quiz

2009-07-16T21:04:00.001+08:00

Get out of Debts Now

2009-06-14T23:26:00.000+08:00

This is about how to get out of debts now. Yes, immediately. How? Start from today and you'll be free from the crutches of your debt soon. How soon depends all upon your self discipline and the amount of debts owed.First of all, take a piece of paper and write down how much debt you have and how much savings you have now. You may wonder why how much savings.. well some people do have savings

Endowment Plans..

2009-05-24T13:30:00.014+08:00

Well, when buying endowment plan, there are really plans out that that seems to be out to con our money.. Imagine, an endowment plan that gives you less than the amount you put in during maturity. The only good thing about it is that it does gives you a basic coverage in the event of death etc. At least not so bad ba.. But the whole point is.. how can the plan give you less than what you put in?

Life Insurance

2009-05-17T15:30:00.003+08:00

For Life Insurance, there's various types of them namely: Whole Life Insurance (Such insurance comes mainly with a much high cost but it does entitles you to the "Cash Values" that it builds up. "Cash values" is the amount you will get back should you decide to terminate the policy. If you are into such cash values and wanted to make use of it to save up as well as to be protected, or you wish to

Study Loans - University

2009-05-11T19:35:00.005+08:00

Before uni:Guys:there's NS that feeds you, provide shelter but gives minimal pay (assume 24mths * ($450 - $100 of expenses) = $8400).Girls - JC: you'll get about 6 mths worth of holidays ($4.8K), well, get an admin job or something that earns more since it's 6mths straight). Well there'll be a shortfall of 3.2K in our assumption. Please bear this in mind.Girls - Poly: No holidays but you may want

Study Loans - Poly

2009-05-11T19:02:00.003+08:00

Before you get into poly, there's a 3-6 mths break. Yes, make full use of this time to get a part time job, be it MacDonald's, KFC, sales girl / man at the boutiques or any other job that you don't mind doing as long as it's morally right, it should give you some experience in the long run and a step closer to your better future. (3 * 400 = $1200)During poly, there's usually long holidays break.

Study Loans

2009-05-11T18:23:00.006+08:00

Debts is a common problem in Singapore, especially so for those that didn't get scholarships or bursaries to pay off the majority of their studies and didn't get sponsorship from their company or parents. That's all I can think of now.. But if you are one of them.. This may give you a helping hand. This only applies for local govt schools such as poly and local unis.Prevention Methods:CPF Loans

I M $avvy

2009-05-09T15:48:00.004+08:00

http://www.cpf.gov.sg/imsavvy/infohub.asp Financial Info Hub by CPF Board it has some of the stuff you will want to know about financial. What you should know about the categories covered Cash Flow / Debt Management Inflation (Covered) How to manage your cash flow without getting in debt Get out of Debts Avoid Bankruptcy (Covered) Financial Planning Plan for your kids (Covered) Plan for

Singapore Medisave Approved Medishield Plans

2009-05-08T22:21:00.013+08:00

MOH: Medisave-approved Insurance Here's the summary: We have 5 companies providing such Medishield Plans in order of my ratings towards them: Great Eastern NTUC (Provides Letter of Guarantee to Restructured Hospitals and Institutions) Prudential AVIVA (Does not absorb cost to obtain medical records to process claims) AIA (Does not absorb cost to obtain medical records to process claims) (I'll

Welcome..

2009-05-02T21:41:00.002+08:00

Hi all,A warm welcome to my new blog. I've decided to start a new blog to provide people with free financial advise via my blog of course.. Feel free to leave ur comments. I've requested to moderate the comments so. Leave me ur email or contacts if you would like me to get back to u on anything otherwise, just feel free to drop a comment and I'll post a reply to it as soon as possible. ;)