tag:blogger.com,1999:blog-7944902213075756335.post2722817656121022052..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Heart to heart talk on achieving financial freedom (UPDATED).AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-7944902213075756335.post-34326443484286548002018-08-03T22:21:22.892+08:002018-08-03T22:21:22.892+08:00UPDATED
This blog what I want to say to readers w...UPDATED<br /><br />This blog what I want to say to readers who are <br /><br />1. married with children, <br /><br />2. who make above average salaries, <br /><br />3. who have a mortgage to service <br /><br />and <br /><br />4. a car to maintain.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90686474278973821232014-12-22T15:46:16.007+08:002014-12-22T15:46:16.007+08:00Nice reading through all comments! We are all winn...Nice reading through all comments! We are all winners eventually! Ganbatte! =)Garyhttps://www.blogger.com/profile/16720789927377358171noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57161032126770876752014-12-22T15:29:11.849+08:002014-12-22T15:29:11.849+08:00Hi Whowillbe,
I feel that it is important to do w...Hi Whowillbe,<br /><br />I feel that it is important to do what we love doing but very rarely do we get to do what we love and make lots of money from it at the same time. For me, a good example is blogging. Love it but it doesn't pay well. ;)<br /><br />So, many of us end up doing stuff we don't love but we just do it for the money. If we are lucky enough, one day, we could retire and doAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52721312441000633162014-12-22T15:09:46.307+08:002014-12-22T15:09:46.307+08:00Hi AK71,
You know what? I had friends who are su...Hi AK71, <br /><br />You know what? I had friends who are successful either successful entrepreneurs or in sales who told me that I would do well in sales. Maybe I will but I currently love what I'm doing to explore new fields. <br /><br />Anyway I like honest pple. I will pay extra for their service! That's why I believe you that you have more sales because of your sales ethics. You Whowillbehttps://www.blogger.com/profile/00802432643116542402noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77859328846262129492014-12-22T14:45:58.631+08:002014-12-22T14:45:58.631+08:00Hi Whowillbe,
Well, if you work for a single prod...Hi Whowillbe,<br /><br />Well, if you work for a single product company, it is more difficult to do well in sales although not impossible. I will explain why.<br /><br />I like being able to give my clients options and they get to choose what works best for them. I am also known for telling them to avoid certain options or to avoid giving me any sales at all if I think that the options are not AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72260393302501835362014-12-22T14:30:47.633+08:002014-12-22T14:30:47.633+08:00Hi AK71,
You are in sales?
I for one cannot ima...Hi AK71,<br /><br />You are in sales? <br /><br />I for one cannot imagine myself to be in sales. <br /><br />In my first year in uni, I went to work as a telemarketer selling credit line during the holidays.<br /><br />There were 2 occasions when after my sales pitch, the recipient went "Sounds good but I'm not too sure whether I should get it because I am not too good managing money.&Whowillbehttps://www.blogger.com/profile/00802432643116542402noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44782302565840722642014-12-22T13:33:40.424+08:002014-12-22T13:33:40.424+08:00Hi Whowillbe,
Hahaha... My salesman's instinc...Hi Whowillbe,<br /><br />Hahaha... My salesman's instincts are right again. ;)<br /><br />Time for a change of nickname? "Sheistheone"? ;p<br /><br />I would keep the old nickname though. Memories are impossible to replace. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20162021750477327012014-12-22T13:12:40.797+08:002014-12-22T13:12:40.797+08:00Hi AK71,
Hahaha. You are 95% right... I came up w...Hi AK71,<br /><br />Hahaha. You are 95% right... I came up with this nick when I was 17. It was more of 'who will be my girlfriend'. <br /><br />Whowillbehttps://www.blogger.com/profile/00802432643116542402noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63896036392577553902014-12-22T13:02:46.022+08:002014-12-22T13:02:46.022+08:00Hi Whowillbe,
Out of curiosity, is your nickname ...Hi Whowillbe,<br /><br />Out of curiosity, is your nickname from the time you were wondering "who will be my wife"? ;p<br /><br />I agree with you that luck is always an important component in everything we do in life. People who have succeeded should not forget this. People who are still trying to succeed should remember that things could always go wrong and have contingency plans. :)<AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73526030881237022012014-12-22T12:48:47.036+08:002014-12-22T12:48:47.036+08:00Hi AK71,
Thank you very much for your compliments...Hi AK71,<br /><br />Thank you very much for your compliments and the invitation to guest blog.<br /><br />Actually one of my good friends once mentioned that I should share more of my story to encourage others which I do. However I am always mindful that there was always a huge dose of luck involved. <br /><br />Also many of the decisions made earlier in my life and how it impacted me were Whowillbehttps://www.blogger.com/profile/00802432643116542402noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68511935950091704772014-12-21T17:18:13.124+08:002014-12-21T17:18:13.124+08:00Hi Der Shing,
Oh, definitely. Not everyone has th...Hi Der Shing,<br /><br />Oh, definitely. Not everyone has the temperament to be an entrepreneur. I always say that self-knowledge is the most valuable knowledge of all. I like to think that I know myself a bit better and that my temperament is probably more suitable for scrimping and saving. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76117516099907315002014-12-21T14:36:26.420+08:002014-12-21T14:36:26.420+08:00To chime in for readers, there is another route to...To chime in for readers, there is another route to take where you can have it all if you and wife have the right skills and temperament. I know many entrepreneurs who are in their mid late 30s to 40s and who are financially free. Many are married with 2,3,4 even 5 kids.<br /><br />the only problem with this route is that usually both husband and wife are super busy with business still. The only Lim Der Shinghttps://www.blogger.com/profile/09700776787052519194noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39920953716049344742014-12-19T16:13:10.352+08:002014-12-19T16:13:10.352+08:00Hi Whowillbe,
You say she is your better half. I ...Hi Whowillbe,<br /><br />You say she is your better half. I would like to say that the two of you make a better whole! ;)<br /><br />I totally enjoy reading your comments. It is always heartwarming to read accounts like yours. I am very happy for you. :)<br /><br />I always say we should count our blessings and you certainly have a lot of counting to do. LOL. ;p<br /><br />You write really well AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65464971527712350562014-12-19T16:03:29.945+08:002014-12-19T16:03:29.945+08:00Hi shun,
Hey, you are welcome. Lazy? Me too. LOL....Hi shun,<br /><br />Hey, you are welcome. Lazy? Me too. LOL. ;p<br /><br />There is no rush. Take your time to find the answers.<br /><br />The CPF-SA's 4% to 5% risk free rate is hard to beat. If not for the really tempting prices in the last GFC, I would not have used the money in my SA for investment. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15280085032790121392014-12-19T15:52:40.600+08:002014-12-19T15:52:40.600+08:00Hi AK71,
Don't mind if I chime in a bit more....Hi AK71,<br /><br />Don't mind if I chime in a bit more. Would just like to share how in our case, my wife and I are better together than alone.<br /><br />First of all, our financial strength is only possible because we played to each other strengths. <br /><br />My wife is a superb saver and a very disciplined and industrious person and I am the one who is more imaginative, spontaneous, Whowillbehttps://www.blogger.com/profile/00802432643116542402noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38662327800999312212014-12-19T15:01:55.325+08:002014-12-19T15:01:55.325+08:00Hi, AK,
Thks, guess i am a bit lazy, hate calling...Hi, AK,<br /><br />Thks, guess i am a bit lazy, hate calling or visiting the bank coz a lot of time is wasted waiting or selecting the right options. Anyway, thanks for the valuable input.shunhttps://www.blogger.com/profile/10400231181932504385noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32854669916208436822014-12-19T14:05:03.493+08:002014-12-19T14:05:03.493+08:00Hi shun,
This is where I point you in the right d...Hi shun,<br /><br />This is where I point you in the right direction and you do the rest. ;p<br /><br />List of unit trusts approved by the CPF Board (correct as of 11 December 2014):<br />http://mycpf.cpf.gov.sg/NR/rdonlyres/CE21E297-67E1-41AD-B6B1-C9AFBAB80E65/0/RCSUT_ListA.pdf<br /><br />I used my CPF-SA money to purchase a unit trust through Fundsupermart during the GFC. If you send the otherAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78538588253122322312014-12-19T13:48:34.770+08:002014-12-19T13:48:34.770+08:00Hi, AK,
Thks for ur input. If it's ok, may I ...Hi, AK,<br /><br />Thks for ur input. If it's ok, may I also find out <br />1)some of the investments available for CPFIS(SA)(brief summarized list or some egs. would be enough) <br />2)the bank-related custodial, transaction, etc. charges?<br />3) if we invest thru' CPFIS, do we pay the normal brokerage charges, CDP clearing fees, etc. on top of bank-levied charges(charged by bank we shunhttps://www.blogger.com/profile/10400231181932504385noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32690117679155548122014-12-19T11:51:43.020+08:002014-12-19T11:51:43.020+08:00Hi PH,
You are very blessed and I am very happy f...Hi PH,<br /><br />You are very blessed and I am very happy for you. :D<br /><br />Financial freedom is a family affair and it is obvious that every member of the family is on board with you on this. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25602517184682087542014-12-19T11:50:00.006+08:002014-12-19T11:50:00.006+08:00Hi shun,
Money in the CPF-SA is meant to be a ris...Hi shun,<br /><br />Money in the CPF-SA is meant to be a risk free cornerstone of our retirement funding efforts. So, the investment options are more limited compared to options available for money in the CPF-OA. <br /><br />I did invest the money in my SA during the GFC in an approved unit trust. :)<br /><br />If you would like to have the freedom of investing your retirement funds, then, you AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15263955116869104132014-12-19T11:25:05.091+08:002014-12-19T11:25:05.091+08:00Ak,
I am lucky a have a decent dual income family...Ak,<br /><br />I am lucky a have a decent dual income family with two lovely kids (12 & 15 Yrs old). We had always work hard,save, invest and set the objective of having financial freedom at 50 yrs old. I think we might need another 10 years to achieve it. So guys cheer up, work hard, save and invest smart (with luck). Happy investing to reach your FF.<br /><br />PHAnonymoushttps://www.blogger.com/profile/01697070498616198396noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5128785061131989392014-12-19T11:08:51.940+08:002014-12-19T11:08:51.940+08:00Hi, AK,
got the folowing from cpf website, seems ...Hi, AK, <br />got the folowing from cpf website, seems that cash top ups to our SA cannot be used for investments at all? Thought they could be used for limited invetments. Appreciate ur comments. Thks.<br />Q: Are there any restrictions on the top-up monies received under the Minimum Sum (MS) Topping-Up Scheme? <br />A: <br />Top-up monies are meant for your/recipient's retirement needs. shunhttps://www.blogger.com/profile/10400231181932504385noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17250562044920567362014-12-19T10:37:29.338+08:002014-12-19T10:37:29.338+08:00Hi Whowillbe,
Ah, I see, the "delayed gratif...Hi Whowillbe,<br /><br />Ah, I see, the "delayed gratification" was not by choice. ;)<br /><br />Still, it was a good thing to have happened, I feel, all things considered. One just has to read paragraph 2 in your last comment again to realise this:<br /><br /><i>"Because of our savings and investment while we try our utmost for our 1st kid, we ended up setting aside enough assets AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-321999732408088412014-12-19T10:16:36.209+08:002014-12-19T10:16:36.209+08:00Hi AK71,
I'm not too sure whether you misunde...Hi AK71,<br /><br />I'm not too sure whether you misunderstood me on this point. We did not 'delay gratification' instead the kid came 4 years later than planned despite our best efforts. So instead of feeling like an old parents when we see our peers with primary sch going kids, we count our blessings and one of which is stronger financial muscles.<br /><br />Because of our savings Whowillbehttps://www.blogger.com/profile/00802432643116542402noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25955983728207029052014-12-19T08:39:49.930+08:002014-12-19T08:39:49.930+08:00Hi pf,
You have to look at the 4th "bubble&q...Hi pf,<br /><br />You have to look at the 4th "bubble" in my reply to the reader here.<br /><br />Obviously, this trainer you spoke of took steps and improved on his situation and achieved better financial health. :)<br /><br />Staying single is in many ways less complicated. It is the choice of the lazy like me who would rather choose easier ways. I like to avoid complications, if AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com