By Belinda Lim
If wisdom comes with age, we should be making smarter money moves as we embrace each decade of life. Our money priorities change as we grow, from figuring how to pay off student loan debt to starting a family and saving to buy a home. And when you hit the big 4-0, things can get a bit more complicated. While there could be more work security and somewhat stable personal money habits by then, it’s not uncommon to also feel conflicted over financially supporting kids entering university and aging parents. That’s not all, this decade is also the crucial window to save enough before hitting retirement.
Here are five key financials moves to consider if you are in your 40s to help get you in tip-top fiscal shape before you reach those long-awaited golden years.
Money To-Do #1: Pumping up Retirement Savings
Being in your 40s, you should probably hit a good stride in your career which means some extra cash towards your retirement funds. This decade’s money goal should really be about pumping into your retirement funds. If you delay doing so, time wouldn’t be on your side to save enough when you hit retirement age.
Then it comes to sending your kid …read more
By Singapore Man of Leisure
The joy of blogging for me is the scintillating engagement with readers.
It’s a two way street.
When I wrote the above post, I was feeling quite smug until a girl with the cutest dimples put me in my place at another post months later:
“Without the verb, how do you get the adjective?”
Her comment showed she had a deeper understanding than me.
She is right. Without the action to verify, how do we make an assessment to derive the adjective?
When someone says “Stop speculation”, it’s a loaded statement based on bias. Which rendered it quite meaningless for its not advice but accusation…
As if investing is always the right thing to do? For all people? In all circumstances? Just ask those people we know who lost money “investing”.
Again it’s the adjective that matters – whether you are good at or lousy at what you do.
And that adjective comes from your past actions and track record.
If you are wondering should you continue what you are currently doing, who else better to remove the bell round your neck than the same person who tied it there in the first place?
By Belinda Lim
NEW ISSUE – HOUSING DEVELOPMENT BOARD 12Y SGD 3.22%
ISSUE: Housing and Development Board
FORMAT: Reg S Bearer / Off the Issuer’s SGD32 billion Multicurrency Medium Term Note Programme
STATUS: Fixed Rate, Senior Unsecured
ISSUE SIZE: SGD500 million (with SGD100M option to upsize)
TENOR: 12 Years
SETTLEMENT DATE: 1 December 2014
MATURITY DATE: 1 December 2026
COUPON DATES: 1 June and 1 December (First Pay: 1 June 2015)
ISSUE PRICE: 100.00
COUPON: 3.22% s/a, ACT/ACT, Following Business Day Conv
ISSUE SPREAD: SGD SOR (@ 2.56%) + 66bps
DETAILS: SGD250K x SGD250K / SGX-ST / Singapore Law
SELLING RESTRICTIONS: Sections 274/275 of the Singapore SFA
HDB makes it a point to issue 6 times a year, I noticed.
List of issues in past 2 years.
There is a certain frequency huh? Once every 2 months.
I am a big fan of concentrated wisdom. There are so many things I want to learn and to master that it will take many lifetimes if I were to figure them out on my own. I wish wisdom is sold in bottles, so that I can drink it and grow wiser.
But of course, no one has quite found a way to bottle wisdom yet. That would be a feat. The one thing that comes close would be books. My favourite books are ones that are simple yet wise. They are the ones that I can read, set aside, only to pick up again after some time and still discover new things I have missed or new angles to the original issue.
Show me the Money
Journalist turned fund manager Teh Hooi Ling’s latest book – Show Me The Money: Sound Principles to Grow Your Wealth has just been released. It comprises 45 of her articles originally published in the newspaper column of the same name. From the book, here are three lessons I have learnt and relearnt.
Guard against the downside and the upside will take care of itself – Don’t be fixated on high returns.
Returns are sexy. They arouse …read more
A wolf, who was out searching for a meal, saw a goat feeding on grass on top of a high cliff. Wishing to get the goat to climb down from the rock and into his grasp, he called out to her.
“Excuse me, dear Goat,” he said in a friendly voice, “It is very dangerous for you to be at such a height. Do come down before you injure yourself. Besides, the grass is much greener and thicker down here. Take my advice, and please come down from that high cliff.”
But the goat knew too well of the wolf’s intent.
“You don’t care if I injure myself or not. You don’t care if I eat good grass or bad. What you care about is eating me.”
By Belinda Lim
If you notice that your monthly installments are getting a little higher, you are spot on the fact that 1 month SIBOR is at its highest levels in 4 years.
Ok, we cannot say the same for the 3 month SIBOR or the 6 month SIBOR yet but they are at their 3 year high.
For Singaporeans, I do not think there are more than a handful or maybe hundred, including past and present money market dealers who understand how SIBOR works or what SIBOR is.
And I feel awkward going around correcting misconceptions about SIBOR so I have just given up because when I was at TIMES the other day, I picked up this $30 book with one of those multiply-your-money titles, written by a Singaporean expert, that claims that SIBOR is related to <a target="_blank" href="http://www.drwealth.com/lexicon/libor/" target="_blank" title="LIBOR stands for London Interbank Offered Rate, the …read more
By Belinda Lim
Value Investing Summit 2015 will be held from 24th January to 25th January 2015 for its fourth year running. Join a panel of top minds from around the region and expand your knowledge about their investing culture.
Date: 24th – 25th January 2015
Venue: Singapore Expo Max Atria
Time: 9:00 am – 6:00 pm
Ticket price: $199 (Super early bird promo, purchase by 30 Nov 2014)
In this year’s summit, find out how to invest safely and profitability in 2015 from top value investing minds in the Australasia region. Here are some speakers in this year’s line-up:
Ranked as one of the “World’s 99 Greatest Investors” by Magnus Angenfelt’s, Dr Niwes Hemvachiravarkorn started out just like any of us as a salary man working around the clock. The 1997 Asian financial crisis left him jobless. With a saving of about US$300,000, he started investing and writing about value investing. Learn from this self-made billionaire about his experiences and insights on how value investing works, how to take turn a crisis into an opportunity and multiply your savings.
Geoff Howie, Market Strategist at Singapore Exchange and key contributor of the education content and market insights of SGX My Gateway will …read more
By Belinda Lim
NEW ISSUE: SEMBCORP SGD 7Y
– New Sembcorp SGD 7yrs announced. Deal is anchored
– Initial price guidance: 3% area
– Issue size: SGD 100MM (capped)
– Timing: As early as today’s business
SEMBCORP 3.7325% 04/2020 at 2.72%
JURONG SHIPYARD 2.95% 09/2021 at 2.95%
SEMBCORP INDUSTRIES SGD 12YR
– New Sembcorp Industries SGD 12YR announced at initial guidance of 3.7% area
– Deal is anchored by strong institutional/agency IOIs
– Issue size: SGD150million (capped)
– Today’s Business
SEMBCORP 3.7325% 04/09/20 105.45, 2.64%
SEMBCORP 3.64% 05/27/24 102.4, 3.34%
SEMBCORP 5% 08/29/49 (PERP) 103.75, 3.91% (YTC)
JURONG SHIPYARD 3.85% 09/2029 100.00, 3.85%
We last saw Sembcorp last November with a 10.5 year issue. Since then, we have seen Jurong Shipyard come out in September to tap the market for SGD 600 mio in 7 years and 15 years.
Now the mothership is coming out for 7 & 12 year issues at a higher coupon indications than Jurong Shipyard.
Because this is good stuff and definitely not a retail bond. There is no PB rebate for this one.
Anyhow, 7 year interest rates are at 2.09% today and around 2.11% when Jurong Shipyard was launched.
This gives us only about 0.91% credit premium, a trifle thin considering that 7 year interest rates shot up to 2.35% on 19 September (2 weeks after Jurong …read more
By Belinda Lim
Aspial is paying up!
Jul Aspial 3 year 5.2% SGD 85 mio
Sep Aspial 2 year 4.65% SGD 65 mio (matured)
* coupons revised higher due to covenant breach last year
Jul Aspial 3 year 5% SGD 100 mio
Jan Aspial 3 year 4.5% SGD 80 mio
Jun Aspial 5 year 5.05% SGD 130 mio
Today… Aspial 4 year 5.625%!!
New Issue Aspial Corporation Limited SGD 4Yr Issue
Issuer: Aspial Corporation Limited
Status: Direct, unconditional, unsubordinated and unsecured notes
Format: Reg S, S274 & 275 of Singapore SFA
Tenure: 4 Years
Initial Price Guidance: 5.625%a
Issue Size: TBD
Payment: Semi-annual, actual/365 (fixed)
Redemption at Option of Noteholders Pursuant to Change of Shareholding Event: In accordance with the Programme
Redemption at Option of Noteholders upon Cessation or Suspension of Trading of Shares: In accordance with the Programme
Redemption for Taxation Reasons: Yes, in accordance with the Programme
Details: SGD250K/Multicurrency Debt Issuance Programme/ Singapore Law/CDP
– New Aspial SGD 4yrs announced. Deal is anchored
– Initial price guidance: 5.625% area
– Pb selling commission: 50cents
– Timing: This week’s business, as early as today
Aspial 5.05 2019 at 98.75, 5.36% (around 4.5yrs remaining)
-> at ipg of 5.625%a 4yrs, there is good yield pick up over existing Aspial 2019
What they are saying is sorry to those who bought in June but it is not …read more