tag:blogger.com,1999:blog-7944902213075756335.post1722608302412732585..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Retiring a millionaire is not a dream!AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger63125tag:blogger.com,1999:blog-7944902213075756335.post-39924754633066399562017-08-11T14:21:07.056+08:002017-08-11T14:21:07.056+08:00Reader:
I am your age and just started reading you...Reader:<br />I am your age and just started reading your blog. I am only able to set aside $500 a month to invest with and, hopefully, to achieve financial freedom when I retire at 65.<br /><br />AK:<br />Try to increase the amount which you can put aside from $500 to $1,500 a month, for example. Read this blog and you will understand why. If you cannot manage that, putting aside even $500 a AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29436174498443820302015-01-15T20:57:32.046+08:002015-01-15T20:57:32.046+08:00Hi Skye,
Very happy to read your comment. Seems l...Hi Skye,<br /><br />Very happy to read your comment. Seems like you have a good plan. ;)<br /><br />When does saving stop? My answer? Only when you are retired, then, you could stop saving. That is when you start drawing upon your savings. To me, it is that simple.<br /><br />For people who invest for income, they might never have to draw upon their savings as their passive income could be AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45394147117690075132015-01-15T20:48:10.678+08:002015-01-15T20:48:10.678+08:00Hi AK,
I'm turning 25 this year and reading t...Hi AK,<br /><br />I'm turning 25 this year and reading this at the start of the year really helps put things into perspective.<br /><br />I am able to save 1k per month so hitting the 650 is no problem for me. My plan for this 1k per month would be to use it in Philips's share builder plan buying STI ETF. Knowing DCA, reinvesting and the annualized returns of STI ETF being around 6%, I Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9642992950926704492015-01-15T08:49:49.459+08:002015-01-15T08:49:49.459+08:00Hi youngnewbie,
Glad to find someone with similar...Hi youngnewbie,<br /><br />Glad to find someone with similar growth spurt in wealth early in their financial path.<br /><br />As your wealth grow past 1 million, you might want to look at shifting your wealth toward income generation and then you can choose not to work any more.<br /><br />At that moment, you can truly do what your passion desires.<br /><br />As for me, I'll be spending my Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-49433100310431003392015-01-15T08:24:42.266+08:002015-01-15T08:24:42.266+08:00Hi youngnewbie,
Most likely, a very good trader w...Hi youngnewbie,<br /><br />Most likely, a very good trader would be able to grow his wealth much faster than an income investor. ;)<br /><br />Congratulations on hitting the $1 million mark so soon. It seems that you have found a method that works for you. :)<br /><br />Having said this, it is important to emphasise that all of us have to find a method that works for us and to do this well, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-440199840688778522015-01-15T01:14:16.187+08:002015-01-15T01:14:16.187+08:00Hi AK,
Nice reading your article. I think $1M in ...Hi AK,<br /><br />Nice reading your article. I think $1M in another 40 (for those 25) might be suffice to buy a 4 room HDB? Pure guess. But nevertheless, the inflation de-value a million dollar today. <br /><br />I had been in the market since 08/09. Currently, i'm close to reaching the million dollar target and i just work for 2 years. I'm thrilled to be like you. Haha.<br /><br />My Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37294199591613621422014-06-10T22:10:06.879+08:002014-06-10T22:10:06.879+08:00Millionaire households in Singapore formed 10 per ...Millionaire households in Singapore formed 10 per cent of the population in Singapore in 2013, down from 17.1 per cent in 2012, according to the latest report from Boston Consulting Group. The latest findings mean Singapore’s density of millionaire households ranks third globally, behind Qatar (17.5 per cent) and Switzerland (12.7 per cent).<br /><br />Source:<br />http://www.channelnewsasia.com/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72622697990056053262014-03-09T19:57:43.688+08:002014-03-09T19:57:43.688+08:00Singapore has jumped to the top of the Economist I...Singapore has jumped to the top of the Economist Intelligence Unit's (EIU) ranking of the world's most expensive cities, overtaking the likes of Tokyo and Osaka as the Singapore dollar appreciated against the yen.<br /><br />Ten years ago, Singapore was number 18 on the list.<br /><br />The EIU report compares the price of products and services such as food, clothing, transport and AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57452503271443862582013-10-10T20:50:57.865+08:002013-10-10T20:50:57.865+08:00Singapore is now the world’s fastest growing wealt...<i>Singapore is now the world’s fastest growing wealth hub with $1.3 trillion assets under management, and is slated to overtake Switzerland as the world’s largest offshore wealth center by 2020. <br /><br />The average age of a Singapore millionaire is 49, one of the lowest in the world, but that of a multimillionaire is the highest at 66.</i><br /><br />http://www.forbes.com/sites/neerjajetley/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63318632805150311292013-06-20T13:04:04.133+08:002013-06-20T13:04:04.133+08:00The number of millionaires in Singapore increased ...The number of millionaires in Singapore increased 10.3 per cent to reach 101,000 last year, revealed a new wealth report by Capgemini and RBC Wealth Management.<br /><br />The survey tracks high-net-worth individuals with investable assets of US$1 million or more.<br /><br />Source:<br />http://www.channelnewsasia.com/news/singapore/number-of-millionaires-in/717054.htmlAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70098150703125988912013-04-10T09:59:22.127+08:002013-04-10T09:59:22.127+08:00Hi cdoraem,
I don't think you are alone in th...Hi cdoraem,<br /><br />I don't think you are alone in this. Many of us, if not all, have fallen in the same pit before. I know I did.<br /><br />In fact, I still have 2 or 3 unit trusts bought a long time ago which are still in the red. I keep them to remind myself of my foolishness as there is little hope of them ever recovering.<br /><br />Like any investment, timing helps to decide if it AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28575020612817020552013-04-10T09:31:58.861+08:002013-04-10T09:31:58.861+08:00hi AK,
I started working in 2005 and starting inv...hi AK,<br /><br />I started working in 2005 and starting investing in unit trust in 2007 when price are at all time high. I thought that unit trust would be suitable for finance dummy like me. And I can ignore the price of entry due to dollar averaging and stuff like this. But I was very wrong. I was young and time was on my side. Unfortunately, luck wasn't. Now I felt very sad everytime I cdoraemhttps://www.blogger.com/profile/10720031505608302689noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84865238879726111912013-01-30T22:28:13.439+08:002013-01-30T22:28:13.439+08:00Hi Capri, just two cents, I am regret I start inve...Hi Capri, just two cents, I am regret I start investing too late, growing snow ball needs time! Of coz, everyone pays price, less or more, so I think you should start to try right now, but start with small. AhJohnhttps://www.blogger.com/profile/07927395374670213105noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63691268013905979012013-01-30T13:50:34.245+08:002013-01-30T13:50:34.245+08:00Hi capri,
I used to think that females are not in...Hi capri,<br /><br />I used to think that females are not interested in investing their money but seeing so many female readers commenting in my blog, I have to say that I am wrong. <br /><br />I am sure other ladies here would be more than happy to share their views with you. Also, your girlfriends could be closet investors! ;)<br /><br />I think everyone should consider investing some of their AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29856370881744059232013-01-30T13:29:32.557+08:002013-01-30T13:29:32.557+08:00Hello AK71,
thanks for being an inspiring read
I ...Hello AK71,<br />thanks for being an inspiring read<br /><br />I am 25, a lady, and is very interested in investing in the stock market.<br />I think stock markets and investing has been primarily a very male dominated field because i hardly hear of my girlfriends talking about stock investing so I am pretty much deprived of such talk.<br /><br />What is your take on investing in a stock market Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76918435598971450702013-01-27T23:40:10.435+08:002013-01-27T23:40:10.435+08:00Hi Kim,
You are welcome. :)Hi Kim,<br /><br />You are welcome. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14500395558136882052013-01-27T23:34:20.428+08:002013-01-27T23:34:20.428+08:00Hi AK
Thanks:)Hi AK<br />Thanks:)Kimhttps://www.blogger.com/profile/01177731631862556104noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18272537911708359992013-01-27T07:45:47.381+08:002013-01-27T07:45:47.381+08:00Hi Kim,
I shared in a blog post on CPF-SA that I ...Hi Kim,<br /><br />I shared in a blog post on CPF-SA that I used the money to buy into a unit trust with a Singapore focus during the GFC. That was a fund approved for purchase with CPF-SA. ;)<br /><br />The money grew 4x or 4.5x faster within a short time of 6 months, if I remember correctly.<br /><br />To help refresh our memory, here is the link: <a href="http://AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12655370665455379232013-01-27T01:30:10.374+08:002013-01-27T01:30:10.374+08:00Hi AK
Can CPF-SA be used for stock purchase? Alway...Hi AK<br />Can CPF-SA be used for stock purchase? Always thought only OA in exceed of $20k, then it can bu used for stock purchase <br />Kimhttps://www.blogger.com/profile/01177731631862556104noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-92151793983547467322013-01-21T22:48:37.200+08:002013-01-21T22:48:37.200+08:00Hi Kyran,
Well, not all my $. ;)
I have a few ot...Hi Kyran,<br /><br />Well, not all my $. ;)<br /><br />I have a few other savings accounts for different purposes and I am also a bit old fashioned in that I keep quite a bit of cash at home too. Hahaha.. OK, enough said. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46946983964248138302013-01-21T22:37:16.185+08:002013-01-21T22:37:16.185+08:00Haha now we all know where AK keeps all his $ LOLHaha now we all know where AK keeps all his $ LOLKyran Tanhttps://www.blogger.com/profile/02470625551768643110noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75459373155554385632013-01-21T20:34:02.955+08:002013-01-21T20:34:02.955+08:00Hi Kyran,
War chests, for me, are places where I ...Hi Kyran,<br /><br />War chests, for me, are places where I have cash waiting for deployment. I have 4 in total:<br /><br />1. An account with UOB<br />2. CPF-OA<br />3. CPF-SA<br />4. SRS<br /><br />All waiting on the side for the next big bear. :)<br /><br />I am not suggesting that anyone follow what I have planned, of course. Just sharing more details on my approach.<br /><br />Everyone'sAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2415068714538776952013-01-21T17:21:34.835+08:002013-01-21T17:21:34.835+08:00Hi AK, I would like to think of my share builders ...Hi AK, I would like to think of my share builders plan as war chest 2 and my SA account as war chest 3 then.<br /><br />As for the limited cash i have that doesn't enjoy any returns without investments, let's just call it my 'wallet' hahaha. Able to buy things as and when i like :PKyran Tanhttps://www.blogger.com/profile/02470625551768643110noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85612780347373394402013-01-21T17:03:00.903+08:002013-01-21T17:03:00.903+08:00Hi SnOOpy168,
That is the balance in my CPF-SA, n...Hi SnOOpy168,<br /><br />That is the balance in my CPF-SA, not OA. :)<br /><br />Don't be envious. You have made good progress and you know it. ;)<br /><br />As for a 2nd property, I don't think it is really necessary. Nice to have but not a need.<br /><br />However, if that is what you want, I am sure there will be a better time to buy one. So, being in the war chest filling mode now is AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30458021206630157352013-01-21T16:46:52.649+08:002013-01-21T16:46:52.649+08:00Seeing EY & AK's CPFOA balance, made mine ...Seeing EY & AK's CPFOA balance, made mine felt enviously little.<br /><br />At least, the light in the tunnel says "You may pledge your property for up to 50% of the MS". helps to reduce the cash component required. <br /><br />recharging my reserve fund. Still want that 2nd property and early retirement..... sianz, so much wish list and yet.... <br /><br />back to editing my SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.com