tag:blogger.com,1999:blog-7944902213075756335.post3269854344172815336..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Graduating soon? Take steps towards financial security.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-7944902213075756335.post-46229118870146908942017-01-29T22:20:10.453+08:002017-01-29T22:20:10.453+08:00Hi PJ,
I would make sure I have a meaningful emer...Hi PJ,<br /><br />I would make sure I have a meaningful emergency fund before thinking about investing.<br /><br />You might be interested in this blog:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2015/05/how-much-should-we-have-in-our.html" rel="nofollow">How much should we have in our emergency fund?</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54682129498166931732017-01-29T13:16:46.138+08:002017-01-29T13:16:46.138+08:00Hi AK,
I have been working for 2.5 years since gr...Hi AK,<br /><br />I have been working for 2.5 years since graduated from uni.<br />I have the above points covered as mentioned by your reply.<br />However, I am puzzled on how to set aside some saving for investment.<br />basically, i saved S$1k every month from my $3.3k gross salary, bring home salary $2.3K. I would have $12K in a year in my savings account. This saving account include the pengjiehttps://www.blogger.com/profile/07552851570637351297noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84199025419502708202014-03-16T21:10:20.630+08:002014-03-16T21:10:20.630+08:00Hi Derek,
Not at all. -.-"
I think you prob...Hi Derek,<br /><br />Not at all. -.-"<br /><br />I think you probably got a better deal. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73840629683996090282014-03-16T17:05:15.198+08:002014-03-16T17:05:15.198+08:00Hi AK,
Haha, that's probably because you earn...Hi AK,<br /><br />Haha, that's probably because you earn an awful lot. :PDerekhttps://www.blogger.com/profile/07209385199877338530noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5277803934841599192014-03-16T14:49:59.149+08:002014-03-16T14:49:59.149+08:00Hi Derek,
Oh, that explains why it is so cheap. I...Hi Derek,<br /><br />Oh, that explains why it is so cheap. I was quoted a much higher premium for a plan to replace my earned income in case of disability. Haha.. Understand now. <br /><br />I have never thought of a disability plan that replaces only part of my earned income. Certainly an idea worth considering for some. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32959146847558892732014-03-16T14:39:33.900+08:002014-03-16T14:39:33.900+08:00Hi AK,
That would be $1500/mth till age 60 with a...Hi AK,<br /><br />That would be $1500/mth till age 60 with a 180 days waiting period.Derekhttps://www.blogger.com/profile/07209385199877338530noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7298896373269128652014-03-13T10:36:14.340+08:002014-03-13T10:36:14.340+08:00Hi Matthew,
Your perspective on the matter is ver...Hi Matthew,<br /><br />Your perspective on the matter is very prudent, especially on how C should consider her own financial situation (e.g. whether she has a study loan to repay.)<br /><br />Thanks for the recommendation. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15403871775948943312014-03-13T10:33:16.106+08:002014-03-13T10:33:16.106+08:00Hi JW,
Definitely, unless born with a silver spoo...Hi JW,<br /><br />Definitely, unless born with a silver spoon, we have to work hard and work smart to secure a strong stream of earned income. Investing should only be the second stream of income. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-26881423220751039432014-03-13T10:32:37.497+08:002014-03-13T10:32:37.497+08:00Hi AK,
SAF group term only applies to
• SAF regu...Hi AK,<br /><br />SAF group term only applies to <br />• SAF regulars (Regulars) and full-time National Servicemen (NSF) <br />• Defence Executive Officers (DXO) <br />• Public Officers working in MINDEF <br />• SAF Operational Ready National Servicemen (NSmen) <br />• DSTA employees <br />• Military domain expert personnel and SAF volunteer <br /><br />It can also be extended to spouse and Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80418115835472271912014-03-13T10:28:51.530+08:002014-03-13T10:28:51.530+08:00Hi Derek,
OK, I am not very active and I am reaso...Hi Derek,<br /><br />OK, I am not very active and I am reasonably careful. So, no PA plan for me. ;p<br /><br />As for your disability plan, the cost does seem reasonable. How much is the coverage for $17 a month?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48527245300376007372014-03-13T10:22:14.779+08:002014-03-13T10:22:14.779+08:00Hi C,
You would need to see where you are financi...Hi C,<br /><br />You would need to see where you are financially first. i.e. How much savings do you have? How much debt (study loan perhaps?)do you have? <br />How much is your monthly expenses? (try to get an average from a year's expenses, if possible, to include the uncommon expenses that comes once in a while)<br /><br />The suite of insurance plans adds up to roughly $100/mth, so if youAnonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16724565591681609872014-03-13T09:56:17.867+08:002014-03-13T09:56:17.867+08:00Hi AK,
Solid advice to your reader. Agree with bu...Hi AK,<br /><br />Solid advice to your reader. Agree with buying term insurance. Rationale here is that insurance is just downside protection when you're young and by the time your 60, you should have ample savings for any medical bills, etc.<br /><br />I would also ask the kid to work hard and focus on his job because that will be his main source of income...<br /><br />JWAnonymoushttps://www.blogger.com/profile/08850399181716029868noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57854603344005585652014-03-13T09:44:24.946+08:002014-03-13T09:44:24.946+08:00Hi AK,
You are right that H&S will cover seri...Hi AK,<br /><br />You are right that H&S will cover serious injury but that is provided you are hospitalized. Minor accidents are pretty common especially for active and careless folks like me. LoL.<br />I fractured my finger recently; went to a private A&E and a cool $250 lighter - still need to go for subsequent x-rays, consultation, physio and TCM. A PA plan ain't expensive mine Derekhttps://www.blogger.com/profile/07209385199877338530noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30868564220790155302014-03-12T23:21:33.147+08:002014-03-12T23:21:33.147+08:00Hi EY,
I like your suggestion. Rich guys don'...Hi EY,<br /><br />I like your suggestion. Rich guys don't usually make good husbands. Haha. Somehow it makes sense. <br /><br />If I find a woman whom you describe it'll be a blessing indeed. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75886868786030078322014-03-12T23:15:14.625+08:002014-03-12T23:15:14.625+08:00Hi Solace,
Not by design, I assure you.
The emai...Hi Solace,<br /><br />Not by design, I assure you.<br /><br />The emails came in and I replied. Then, I thought to share the emails since I don't know everything and sharing could see others leaving high quality comments which will benefit everyone. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59920034107935391142014-03-12T23:12:34.366+08:002014-03-12T23:12:34.366+08:00Hi SMOL,
Always the Devil's Advocate! LOL!
T...Hi SMOL,<br /><br />Always the Devil's Advocate! LOL!<br /><br />This is why I am now making up for lost time! ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15793170993719416542014-03-12T23:11:23.590+08:002014-03-12T23:11:23.590+08:00Hi Derek,
Thanks for the additional information o...Hi Derek,<br /><br />Thanks for the additional information on insurance. :)<br /><br />Personally, I stop buying accident insurance because I figured that if the accident is bad enough, I would be in hospital and my H&S plan would have it covered. If it is really bad and I leave this world, I have enough coverage from my life and term insurance. If it is not too bad, well, I think I should AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9136282275407862842014-03-12T23:10:35.025+08:002014-03-12T23:10:35.025+08:00Hi AK,
I very much enjoy your recent blog posts. ...Hi AK,<br /><br />I very much enjoy your recent blog posts. Very relevant Q and A sessions for common and uncommon financial questions.<br /><br />Equally informative and good education content for many :)Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41508399551547572722014-03-12T23:03:46.256+08:002014-03-12T23:03:46.256+08:00Hi BP,
Not all CI plans are the same. Must read t...Hi BP,<br /><br />Not all CI plans are the same. Must read the details. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29029458714942501322014-03-12T23:03:05.241+08:002014-03-12T23:03:05.241+08:00Hi BP,
Yes, you can contribute up to $7K every ye...Hi BP,<br /><br />Yes, you can contribute up to $7K every year to your CPF-SA and it is tax deductible as long as you have not already hit the cap for the year. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50825677043337894852014-03-12T23:01:48.829+08:002014-03-12T23:01:48.829+08:00Hi Endrene,
I suppose your take on the matter is ...Hi Endrene,<br /><br />I suppose your take on the matter is of great interest to C since you are both ladies. ;p<br /><br />I would suggest not buying a property at all and stay with parents for as long as possible. Anyway, it will be sometime before C gets to age 35 and is eligible to buy a HDB flat unless she gets married, of course.<br /><br />Yes, C, please make sure that you find yourself a AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38966591519257339142014-03-12T22:52:23.190+08:002014-03-12T22:52:23.190+08:00I didn't do it when I was young.
Envied those...I didn't do it when I was young.<br /><br />Envied those irresponsible young that I met during my travels and stays at hostels.<br /><br />Take 12 months off to backpack and see the world.<br /><br />Yah. Before earn money spend money first. Very irresponsible indeed!<br /><br />Amazed at how these young adventurers were able to find work to pay for their travels in foreign lands. <br /><br /Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48687046656977652992014-03-12T22:48:21.567+08:002014-03-12T22:48:21.567+08:00Just to add on insurance...
Personal accident (PA...Just to add on insurance...<br /><br />Personal accident (PA) is probably the most under-rated insurance. I'm not sure if most know but a simple cut that require stitches, a sprain ankle while walking are all claimable. Some insurers even throw in TCM (norm now), Dengue Fever and H5N1. PA plans are cheap and with very little underwriting. Do be careful of PA plans that cover only lose of limbDerekhttps://www.blogger.com/profile/07209385199877338530noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83775176059962512752014-03-12T22:42:05.842+08:002014-03-12T22:42:05.842+08:00I would also like to mention about critical illnes...I would also like to mention about critical illness plans. it does seem that critical illness plans are claimable for late stage only. but treatment /surgery for early stages also costs a bombBPhttps://www.blogger.com/profile/16909857149096270885noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67073495046631076182014-03-12T22:34:09.220+08:002014-03-12T22:34:09.220+08:00Is top up to cpf SA a 1 to 1 tax deduction on earn...Is top up to cpf SA a 1 to 1 tax deduction on earned income value like SRS? if I'm already contributing to SRS, can I still do cpf SA topup and get tax deduction?BPhttps://www.blogger.com/profile/16909857149096270885noreply@blogger.com