By Louis Koay
It is no secret that Singapore is one of the lowest income tax rate countries in the world.
But wouldn’t it be better if you could pay even less taxes and save more for the future? After all, a dollar saved is a dollar earned.
“So how?” you might wonder.
Today you will learn a government tax savings program called Supplementary Retirement Scheme. Here, we will cover what is SRS about, how to set it up, how much tax savings can you get and whether is it worth considering it.
So without further ado let’s start!
What Is Supplementary Retirement Scheme?
By firstname.lastname@example.org (Singapore Man of Leisure)
During my early investing days, one of the biggest corporate failure (and fraud) in the US was Enron.
Enron went into bankcruptcy late 2001.
One interesting but sad footnote was that quite a few Enron employees lost their life savings for they had invested heavily into Enron shares…
They exercised the stock options they were given and piled into their own company’s stock when Enron was flying high during the bull market.
Now beside losing their life savings, they are out of a job when Enron collapsed… Double whammy!
This Enron example was used by many financial advisors to warn clients never to go all in with such a risky concentrated bet – buy stocks in the same company you worked for.
However, try telling that to the employees of Apple, Amazon, and Facebook who bought their company’s stocks. Shouldn’t they have an edge over outside minority retail investors? I mean the company you worked for, do well do bad, you don’t know?
Its a dilemma isn’t it?
Whether to be a Koala or Panda bear specialists who only buy nothing but Singapore stocks – live in Singapore, work in Singapore. What? Me worried?
We should have an advantage since we are Singapore born and breed right?
Or …read more
Singaporeans love property investment and passive income.
It is of no surprise that Singapore REITs became one of the most popular investment products in recent years.
With little capital, any investor can become pseudo landlords and collect dividends, without having to manage the properties.
But investors also realise the complexity of analysing individual REITs and having to deal with rights issues that come along once in awhile, which leaves them wondering if they should subscribe or risk diluting their shareholdings.
Seeing an opportunity in the REITs investing scene, ETF providers have listed 2 REIT ETFs recently. Now, the third one is in the midst of listing.
This article sheds some light into the latest, up and coming REIT ETF; Lion-Phillip S-REIT. Plus, we compare it with the existing REIT ETFs.
What Is Lion-Phillip S-REIT ETF
Lion-Phillip S-REIT (SGX:CLR) is the first and only local-focused REIT ETF in Singapore. It is jointly launched by Lion Global Investors and Phillip Capital Management.
What differentiates Lion-Phillip …read more
You are ready to compound your capital and achieve financial security for your future and your family.
You might have heard from your friends and colleagues that you need a SGX CDP account and brokerage account before you could buy any shares in the Singapore Stock Exchange.
And that you might also be aware that unlike in the old days where stocks were traded through a personal broker by phone, now you can trade manually through an online trading platform. The best part? At a far cheaper cost.
But since you have not bought a single stock in your life, you remain rather clueless about how the whole process works.
You have come to the right article! Here we will cover all of the above. From opening a brokerage account to choosing the right brokerage firm.
So without further ado let’s begin!
By email@example.com (Singapore Man of Leisure)
During my time “anyhow hantam” stocks from 1999 onwards, Peter Lynch’s books were the rage. Everyone was Peter Lynch this, Peter Lynch that.
Crowdfunding Singapore is becoming popular these days.
You might have heard the term somewhere but aren’t quite sure what it is.
While the term ‘crowdfunding’ was commonly used with raising money for worthy charitable causes, it can also refer to a platform for retail investors to fund and invest in non-listed companies.
This guide aims to explain what Singapore crowdfunding is about, how it works and what are the available crowdfunding platforms available for Singaporean investors:
What is Crowdfunding?
Crowdfunding is all about raising money from the public outside of the standard stock exchange. The concept of crowdfunding can trace its …read more
By Alvin Chow
The mighty has fallen.
Will SPH fall out of the Straits Times Index? I’d say it’s possible.
Is it really possible for SPH to fall off the STI?
SPH is currently ranked number 20 in the 30-member STI.
As the index is weighted by traded market-cap, a declining share price would reduce the market cap further. Dropping out of the Index is a possibility and with its recent fluctuations, that seems more likely now than ever before.
Currently at 30th place is Starhub. It has $4.5 billion market capitalisation.
After the recent price decline, SPH’s market cap is about $4.3 billion. It would be interesting to see what happens in the next STI review in end Sep 2017.
|Rank||Company Name||Index Weight (%)|
|20||Singapore Press Holdings Limited||1.46|
|21||Comfortdelgro Corporation Limited||1.41|
|22||Jardine Cycle & Carriage Limited||1.35|
|23||UOL Group Limited||1.33|
|24||CapitaLand Commercial Trust||1.18|
|25||Hutchison Port Holdings Trust||1.07|
|27||Yangzijiang Shipbuilding (Holdings) Ltd.||1.02|
|28||Sembcorp Industries Ltd.||0.94|
|29||Golden Agri-Resources Ltd||0.85|
Table 1: Last 10 Companies in STI. Will SPH be relegated?
Why Investors Should Stop Focusing On Blue Chip Stocks
Since 10 years ago, STI has replaced 8 out of the 30 components.
Have you ever wondered:
“What is ‘CDP’ for and why do I need it?”
“How do I sign up for a CDP account?”
“Why do the figures in my brokerage statement not match with my CDP statement?”
Then you have landed on the right article. Here, we will cover what CDP is, why you need it and why you don’t have to be panic when your CDP statement does not seem to match with your brokerage account statement.
What Is A CDP Account?
Before you can experience how it feels like to buy and own your first shares, you …read more
You’ve probably thought that to yourself when you saw the fixed deposit rates.
“Still better than that measly 0.1% that the savings account gives.”
Well good news…the government decided to one up the banks and came up with their version of the ‘fixed deposit accounts’ for individuals.
They are called the ‘Singapore Savings Bonds’. And this guide will give you everything you need to know to start getting higher interest, just by knowing where you can park your money.
At the end of this guide, we hope you will have the confidence and ability to ditch the fixed deposit for better returns.
Here’s a quick glance of what you’ll discover: