By Lionel Yeo
So check this out – someone recently wrote in to ask:
“Work takes up 14 hours of my life every day. By the end of it, I’m too tired to sit down and start doing research. What should I do?”
Goooood question. We all KNOW that investing is important. We know that once you learn it, we can check it off your list, and it will benefit us for the rest of our lives.
Yet, I totally know how this guy feels.There’s work, family, responsibilities, chores – all the stuff that just gets in the way when we wanna sit down and learn investing seriously.
And YET – all these financial gurus keep wagging their fingers at us and nagging:
- “You should spend your weekends reading annual reports!”
- “You really need to read the financial news every day!”
- “You really need to sit down and make an inventory of your savings, expenses, debts and assets!”
With soooo many things to do in investing, it’s easy to throw your hands up and go:
But you know what?
It’s Not Really About “Time Management”!
We LOOOVEE to talk about “time management”, right? We’ll say things like “Ok if I just have the right to-do list app, …read more
By Alvin Chow
Shanghai Stock Index fell 6.5% yesterday (28 May 2015). The Singapore Stock Market was affected by it but not too much. Despite the general bearishness, one of our CNAV stocks, Fu Yu, ran up 10% on the same day. The bamboo-like growth in small cap stocks have been realised again.
Fu Yu is a small cap stock with $146m market capitalisation as of 28 May 2015. It was one of the fallen and an ugly stock that nobody likes. It is not in the sexiest business and it does not have the highest earnings in the market. We can witness the low liquidity and transaction volume preceding the crazy run up since March 2015. Trust me, most investors will shun this stock and go for something with higher volume, saying this is a value trap. As counter-intuitive as it is, the best time to buy is when most people are not buying. It is easy to say but very difficult to do. Few want to be the true contrarians in the stock market.
Before the Rise, there was value at a wonderful price
We picked out this stock from our CNAV screen since last year and some of our Value Investors Club …read more
By Singapore Man of Leisure
As both a snake-oil salesman and purchaser, I’ve been at the table of negotiations more times than the average person sitting in the Comfort Delgro bus has assembled an IKEA furniture!
Don’t you believe a single word when you hear “Win-Win”.
We will only reach across the table with our hand and utter “Win-Win” when we are confident:
1) We have the lion share of the benefits from this deal.
2) We are negotiating from a position of strength.
3) We are stealing our counter-party’s lunch.
Pause and think for a while. Who first came up with this concept of “Win-Win”?
Cannot be from a loser right?
OK, most of us are not in sales or purchasing. So how do we verify?
Remember we have one important negotiation every year? Salary talks anyone?
When was the last time you offered your boss a “Win-Win” proposal?
It’s mostly the other way round right?
If you had “Win-Win” said to your face during the salary talk, do you walk out of the meeting room with hands pumping to the sky and wishing to hug everyone in sight?
Or do you walk out hating yourself a little bit for not being more forthright in how you really feel during the salary talk?
What? There’s no …read more
As the saying goes: Life is like a box of chocolates; you never know what you’re going to get. In order to weather any challenges that might come your way, you need to plan for the unexpected. This is why you should start saving early for an emergency fund, to tide you through rainy days and help you maintain your usual lifestyle through life’s ups and downs.
Words by Budget Babe
As healthy young adults, many of us often think we’re invincible. Emergencies? Disasters? Nah, won’t happen to us. Even I am guilty of this. But today I feel the need to inform people the crucial importance of having an emergency fund, even if you don’t think you’ll encounter any “emergencies” anytime soon in the next few years.
Why you should have an emergency fund starting NOW
1. You might lose your job or want to …read more
The heydays of earning big bucks through real estate are over, and property isn’t the best asset class to invest in anymore, opines an industry expert.
Words by Seng Bingyang
Recently, I had the pleasure of catching up with one of my friends who is an institutional investor specialising in real estate investments. I took the opportunity to ask him a few questions regarding real estate that puzzled me.
You see, I meet and speak with many young working professionals in my line of work.
One of the key observations I made in my discussions with them is this: when asked what strategy they intend to use to achieve their financial goals, with little hesitation, many of them answer that they want to do so through property investments.
Sometimes, it seems as though that’s the only thing people know to do.
Because I strongly believe it is important for DrWealth readers and people who are interested in financial planning to have a better understanding of property as an asset class in Singapore, I want to share the gist of my “interview” with him here.
Note: As my friend prefers to remain anonymous (to avoid any possible conflict of interest with his work), let me …read more
By Yen Yee
You are the pillar of your family, the silent force that keeps everything in order and life comfortable, the hand that tireless contributes to the household without any complains.
You’re a housewife and you should learn to invest, because it’s time to look after yourself too.
As a housewife, you do not have a full time job and thus your CPF is probably a small and unexciting account. If you had agreed to the statement above with a tinge of hopelessness, you should start pondering about the following:
- Will your CPF be sufficient for your twilight years, in the unfortunate event that there is no one to support you financially?
- Will you be able to enjoy the same standard of living when your spouse retires?
- Will you be able to do the things you have always dreamt of, after your kids have grown up and no longer need you to fuss about them?
As a housewife, you have given your time and energy to bring your children up and support your spouse, giving them a good life both at home and in the society, but what have you done for yourself? Are you prepared for your own retirement?
Here’s 3 reasons why you, a housewife should start …read more
Okay, so maybe you’re not that interested in budgeting, but you know you need to save money and cut down on your spending. How about trying out these two simple budgeting apps? We promise, they’re a breeze to use and completely fuss-free.
Words by Calvin Yeo
Budgeting is a very simple concept but we understand it can be a very tedious process. This is because it requires a lot of discipline to monitor your spending accurately.
While there are tons of budgeting apps out there, many of them suffer from the same problem: trying to pack too many features under the hood. Some apps have a very complicated user interface. Some have fonts so small; you’d have to squint to read the screen. Others ask for way too many details for every transaction recorded.
So, the DrWealth team set out on a noble mission: to comb through all the latest budgeting apps in cyberspace – over 50 of them! – to find the simplest budgeting app that anybody and everybody can use.
We judged each app based on the following criteria:
- Simple, uncluttered interface
- Easy to use and understand
- Ease of entering transactions
- Attractive graphics
After much deliberation, here are our top picks.
Best Simple Budgeting App (for …read more
I went on a free tour of Jurong Frog Farm organised by Young NTUC last Friday evening.
Upon reaching Lim Chu Kang and Kranji area in the night, it struck me it’s been ages since I was last out in “ulu” forested area ever since my reservist 13 year cycle ended when I hit 35…
Feeling nostalgic of those 3 days 2 nights field camps – free accommodation (you build yourself ), free food (I always barter the biscuits for chocolates), free flow of mosquitoes and red ants to leave souvenir marks on our bodies, and of course the free night time symphony of a battalion men snoring in perfect unison!
Finally reach the Jurong Frog Farm, 45 minutes behind schedule… I gave my “poke” on the feedback form at the end of the visit. Those who care tell it like it is; those who don’t just say say, “I like you; I like you 2!”
Took a back of head group shot while waiting. See the moonscape in the foreground?
I like the style of Jurong Frog Farm – no aircon. I respect the authenticity.
Many places “market” nature; but air-con everything and that’s spells commercial fake!!! …read more
Deputy Prime Minister Tharman Shanmugaratnam spoke at the township of St Gallen in Switzerland in early May. He represented Singapore at the 45th edition of the St Gallen Symposium, an annual conference aimed at ‘fostering intergenerational and intercultural dialogue between decision makers of today and tomorrow’.
On stage, he sparred with Stephen Sackur, host of BBC talkshow programme HardTalk. Sackur was an experienced political pundit and a formidable interviewer; he is a tough opponent to be up against.
Over 45 minutes, they chatted about this economic miracle called Singapore. They spoke about democracy and freedom of press. They discussed briefly the passing of our founding Prime Minister, and whether his family will continue his political dynasty. They also mentioned the government spending and how Singapore takes a radically different stance on this compared with many other countries.
In coversation, DPM was firm but not pushy, concerned yet not flustered. I am impressed by his ability to engage and disengage. In the face of an antagonist spoiling for a fight, he has defended the Singapore system well.
There were many soundbites and enjoyable moments, including the part where DPM deftly deflected Sackur’s persistent badgering of Singapore’s lack of a safety net. He threw the ball …read more