Last Monday, I was at SMU being interviewed by the producers of Talking Point for 10 minutes.
2 lady producers (sweet!), one sound man and a cameraman.
Once upon a time, I was quite interested in photography, so I was watching intensely how the sound man and the cameraman set up their gigs for this interview. Cool!
This interview was to gather feedback from the public on our immediate reactions on PM’s speech on National Day Rally.
It was aired on last Tuesday night live on Talking Point’s regular slot.
For those of you who missed the 47 minutes show, you can click on the pic below.
I cameo appeared on: 1:02; 17:38, and 34:03. (Just saying…What? Me ego? Never! LOL!)
There’s a thin red line that linked all my questions.
With our bias, vested interests, self-interests, we see what we want to see, hear what we want to hear.
Some will be disgusted, some will be elated.
Just make a wild guess why I made this post now, and not strike when the iron is hot last week?
P.S. Having a stake in Singapore can be more important and priority for those who are seeking financial independence.
Something to think about when more than 70% of those …read more
By Louis Koay
Medishield is a set of basic health insurance that is administered by the Central Provident Fund (CPF) Board. It helps to pay for large hospital bills and costly outpatient treatments, such as dialysis and chemotherapy for cancer.
The Government recently announced the introduction of Medishield Life in Nov 2015. Medishield Life, in short, is an upgraded version of Medishield. The key changes for Medishield Life are:
1. Higher claim limit
2. It covers pre-existing conditions
3. Coverage is for Life.
These changes are in line with Medishield Life slogan: “Better protection. For all. For life”
Here are five things you need to know about Medishield Life
1. It provides better benefits than Medishield (Better Protection)
First of all, the hospitalization bill is divided into 3 portion. The first portion is what is known as Deductibles, which can range from $1500 to $3000 depending on which class of ward admitted to. This portion of hospitalisation bill is paid by you, even if you have Medishield or Medishield Life.
The second portion of hospitalisation bill is termed Co-insurance. For Medishield, co-insurance ranges from 10% to 20% of the total bill and for Medishield Life, co-insurance ranges from 3% to 10% of the total bill. This second portion of hospitalisation bill is …read more
By Lionel Yeo
Sooooo apparently, the market crashed last week. I had no idea, because I was in the middle of my reservist training. Yep, I was sweating it out in an ulu camp in Pasir Ris, with no clue about what was happening in the outside world.
Which is kiiiiind of like what my investing style is like.
Unlike most of my fellow financial bloggers who know what’s going on in the world economy, I’m pretty clueless most of the time. This week, my “financial influencer” WhatsApp group (yeah, it’s a thing) was buzzing with exciting commentary about China, Malaysia and interest rates. But I was too busy figuring out which combat ration I eat for dinner – glutinous porridge with ground nuts, or Indian style spicy noodles with chicken sausage?
(yeah, I like eating combat rations. I’m weird like that.)
So while I was in the middle of the jungle staring up at the night sky, it struck me how my investing strategy – index investing – parallels my reservist experience. Let me count the ways:
Your Discomfort Is Temporary
A funny thing about reservist – it’s like getting into a time machine. One week, you’re in a comfy, air-conditioned corporate office. The next, you’re in …read more
I like to write in Chinese with Sillyinvestor as he one of the few whom I can banter with when it comes to Chinese literature and Oriental philosophies.
I would like to share the equivalent to what I quoted in Chinese: 人生得意须尽欢.
And that’s: Seize the day!
It’s best expressed in this short clip from Dead Poets Society:
OK, for those who like to split hairs, literally translated its not the same. But the spirit of the words are most apt!
If you are cynical, you can explain, whine, and complain why its easy for some to Seize The Day, but not you.
But deep down, you know what and who you are today are the decisions you have made (or not made) yesterday.
If you have “outsourced” your decision makings to others in the past, have you wondered why you are so eager to do DIY investing/trading now?
Or maybe the DIY part is another one of those little lies you often tell yourself?
I’m agnostic (I can’t verify whether there’s God or no God) with a bias towards Oriental philosophies like Zen and Taoism.
Whenever I find people lamenting or complaining that Big Daddy should have taught us financial literacy in schools, I always have a wry smile.
These people must be atheists!
Since I can bluff my way through Buddhism and Christianity (I even found time to learn about Orthodox Christianity during my time in Athens), let me share with you 2 snippets:
1) The Sigalovata Sutra and Buddha’s advice on money.
2) Parable of the Talents – Mathew 25:14-30
For those who are believers, well, something for you to ask your shepherd this weekend!
For those who are atheists, let me remind you there were a choice during school for you to take up Business and/or Financial studies. Why didn’t you?
If you are graduates, there’s Graduate Diploma in Financial Management and similar post-graduate qualifications from many tertiary institutions.
And non-graduates like me, there are lots of books like Finance for non-accounting managers, or Finance for dummies, and other similar titles. What’s stopping you from life long learning?
P.S. Muslim and Hindu friends out there, if you can share a snippet from your faith on money …read more
By Alvin Chow
Warren Buffet lost US$4 Billion on 24 Aug 2015.
Do you think he is panicking? Do you think he is looking to sell his stocks?
If not, why do retail investors, who had much smaller losses, often worry that the end of the world is coming?
Didn’t retail investors knew that stock market crashes had happened and would happen? If they have went in with open eyes and preparation, they should expect market down turns and be able to deal with the bad times.
Warren Buffett, among many other legendary investors, do not sell their stocks in fear. They hold and ride through market ups and downs, making decisions not because of stock price movements, but the underlying business fundamentals. They get rewarded in the long run by achieving an investment returns that are superior than what most investors can achieve.
So, do not scare yourself. Maybe thinking about Warren Buffett’s one day loss of US$4B would help soothe your fear over your relatively small loss.
Besides Buffett, the following billionaire investors also lost a handsome sum overnight (24 Aug 2015):
- Carl Ichan -US$1B
- Ray Dalio -US$520m
- Bill Ackman -US$450m
- George Soros -US$400m
But I Am Not A Billionaire!
You must be thinking that these are billionaires and they have too much …read more
In the previous post, Alvin has done a comprehensive breakdown of the car ownership costs in Singapore. It is a must read for anyone who is contemplating buying a car.
I will add on to that and try to answer two common questions car buyers ask.
1. What is the depreciation of a car? How do we calculate depreciation? Why is depreciation important?
2. How is the interest rates for vehicle loans calculated? Are car loans actually more expensive than housing loans?
Depreciation is defined as a reduction in the value of an asset over time. A car in Singapore is without a doubt a depreciating asset for a very simple reason – the Certificate of Entitlement (COE).
The lifespan of a car is limited by the COE. When the COE runs out, you either renew the COE or scrap the car. For the purposes of this discussion, let us consider only the second option.
For all cars that are less than 10 years old, there will be a Preferential Additional Registration Fee (PARF) rebate payable upon deregistering the car. Most dealers are able to provide the amount if you ask. If not, check out the PARF rebate calculator here. This is also …read more
If you believe the current correction is no different from the 2011Fiscal Cliff and 2013 Taper Tantrum corrections, and this 2009 bull market has legs for another push up to STI 3800 next year and beyond, you would respond and act accordingly during the next weeks.
Buy the freaking dip?
If you believe that trends don’t go on forever and this 2009 bull market cycle is coming to a close, then you would be preparing for the start of the next bull market cycle like in 1998, 2003, 2009.
Load up when there’s maximum doom and gloom?
Wait a minute!
Don’t they look similar?
Not on your life!
What’s the difference then?
The bleeding heart calls it warchest.
The fisherman calls it pillow stock strategy.
I call it cash as ballast. (I like the imagery of me in my little sailing boat braving the rough seas)
If you just started out your investing journey during the last 1 to 2 years, don’t worry if you don’t understand.
You’ll figure this out for yourself when discover what it feels like to see the STI double only for your portfolio to break-even…. (next cycle, you swear to yourself never to make the same mistake twice!)
By Lionel Yeo
So I went to an Interior Designer (ID) fair last weekend, which was a pretty cool idea: Having a whole bunch of IDs together in a single venue, providing the opportunity to talk to several in a single day and make better comparisons.
Background: My fiancee and I just bought a resale flat, so we’re looking for a good ID to spruce it up. We have the floorplan, a very rough idea what we wanted (Scandinavian/Eclectic with a creative space), but we’re on the lookout for a good ID to recommend some awesomesauce designs.
Most of the IDs we spoke to were great, but we had a conversation with a particular one which went something like this:
ID: Sooooo… what are you looking for in your kitchen?
Me: Well, we’d like to separate our wet and dry kitchen, but other than that we’re open to ideas that will fit the overall design.
ID: But what exactly do you want? Do you want solid surface or granite tops? Do you want built-in cabinets for the oven?
Me: Maybe you can show us some examples of kitchens which follow the theme?
ID: I don’t really have many pictures; it depends on what you want.
Do you see the issue …read more
We would like to thank everyone who came down to support us at InvestFair 2015 over the weekend!
It was DrWealth’s first event and we received great support for our prelaunch of the Automated Investing. There was great interest in what we were doing and it’s great to know that some people have already been doing ETF investing by themselves. We hope we will be the first to bring Wealthfront, Sigfig type of services to Singapore. Such services are already available in US, Europe, Australia and even Hong Kong. There’s no reason why Singaporeans should not have the kind of sophisticated tools. Why should they have all the fun right?
The talk was full house and there have been a few questions asked.
1. How do we know that this is safe?
We are currently working out the details both with our partner brokerage as well as MAS to make sure everything is done properly. At no point does your money go through DrWealth, all the money will be held at a custodian with a brokerage under your personal name.
2. What kind of fees do you charge?
We are working on an all in annual fee of about 0.9%, which includes the trades …read more