tag:blogger.com,1999:blog-7944902213075756335.post4951512050529278918..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): A common piece of advice on saving.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger40125tag:blogger.com,1999:blog-7944902213075756335.post-52817427425846985602018-06-12T13:24:51.278+08:002018-06-12T13:24:51.278+08:00Lee Jiahui says...
I was in the same situation at...Lee Jiahui says... <br />I was in the same situation at 28 yo. <br /><br />After i assessed the situation i decided i need to change to higher pay job so that i can save more than 2k a month. <br /><br />I was glad i made that job switch (of cos more siong too and got OT but bonus higher) because after that i managed to get better pay and save 40k/yr instead. <br /><br />After that just keep AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11072704618350174672018-06-12T11:45:41.747+08:002018-06-12T11:45:41.747+08:00Hi Ben,
To be fair, there is never a one size fit...Hi Ben,<br /><br />To be fair, there is never a one size fits all solution.<br /><br />We should all have a plan, our own plan. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24264361973941964992018-06-10T20:29:17.106+08:002018-06-10T20:29:17.106+08:00Hi AK,
I think that it does not matter how much o...Hi AK,<br /><br />I think that it does not matter how much one saves as long as there is positive addition at the end of the month as compared to the last month's balance.<br /><br />There is no need to compare with others in term of the savings. There will only be someone who is better than one. I think that one just need to gauge own saving progress in respect of the previous record. I WTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37691612819614902962018-06-09T17:23:40.059+08:002018-06-09T17:23:40.059+08:00Reader said...
I am a 29 year old with an estimate...Reader said...<br />I am a 29 year old with an estimated of $30k in cash, $35k in investments, $10k in savings plan and CPF OA: $46k / SA: $16k. The key point is I am going into marriage next year and my house will be ready in 2020, which means risk appetite needs to be well managed. While on the way to 2020, I will be saving around $2k/month in savings (excluding CPF).<br />Recently, I have beenAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9378815967674588882017-11-03T15:38:00.498+08:002017-11-03T15:38:00.498+08:00betta man said...
The following is extracted from ...betta man said...<br />The following is extracted from Workforce SG facebook:<br /><br />"My retrenchment was a huge blow to me. I didn’t see it coming at all. <br /><br />"The first few days after the news, I woke up in cold sweat. I thought it was just a bad dream. After all, I was 48 years old then and I had been in the marine and offshore industry for over 20 years. I have three AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5303144555781250492015-08-04T21:48:14.074+08:002015-08-04T21:48:14.074+08:00Hi Solace,
You need to consult a doctor with rega...Hi Solace,<br /><br />You need to consult a doctor with regards to suspected split personality disorder. Make an appointment at Buangkok Green. Hmmm... I might have to do so too. ;p<br /><br />Well, this is some negative publicity for BreadTalk. Misrepresentation is a big thing. However, it is just soya bean drink. So, damages, if any, should be negligible. ROFL. ;)<br /><br />What is more AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35633466388260082042015-08-04T20:31:04.987+08:002015-08-04T20:31:04.987+08:00I have a laugh when i saw this article:
http://ww...I have a laugh when i saw this article:<br /><br />http://www.straitstimes.com/singapore/breadtalk-accused-of-selling-packaged-soya-milk-as-freshly-prepared<br /><br />Two Thoughts from me<br /><br />1) Investment View: While it may be "unethical" to some on what BreadTalk is doing, i applaud the management for always thinking of way to boost their revenue. Very in line with what PhilipSolacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15755580627720359902015-04-28T01:00:27.820+08:002015-04-28T01:00:27.820+08:00In a news release on Monday (27 Apr), Mastercard s...<i>In a news release on Monday (27 Apr), Mastercard said Singapore slid four index points to score 68 index points in financial literacy, while New Zealand ranked second with 71 points, losing the top spot to Taiwan.<br /><br />The annual survey, conducted between July and Aug 2014 on 8,087 respondents aged 18 to 64 in 16 countries in the Asia Pacific, covers three components: <br /><br />Basic AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38543453264552404672014-06-12T17:24:33.235+08:002014-06-12T17:24:33.235+08:00Hi AK,
ya, should be 先苦后甜... haha
saving is just ...Hi AK,<br /><br />ya, should be 先苦后甜... haha<br />saving is just the first step, growing your wealth is the ultimate aim...<br /> qinzhenghttps://www.blogger.com/profile/05876552543919115422noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63305664199726213162014-06-12T15:26:02.478+08:002014-06-12T15:26:02.478+08:00Hi qinzheng,
Be the ant and not the grasshopper? ...Hi qinzheng,<br /><br />Be the ant and not the grasshopper? ;p<br /><br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2012/12/to-be-happy-peasant.html" rel="nofollow">To be a happy peasant.</a><br /><br />I think you mean 先苦后甜?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25054742282447608902014-06-12T15:02:35.819+08:002014-06-12T15:02:35.819+08:00If people can manage their needs & wants prope...If people can manage their needs & wants properly, saving 20~50% of their income is not difficult...<br />I always believe in Xian Tian Hou Ku(先甜后苦).... :)<br /><br />Spending $ that was growth from my $<br /><br />Is all about upbringing i believed.qinzhenghttps://www.blogger.com/profile/05876552543919115422noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-50378426194956193112012-01-05T09:55:57.629+08:002012-01-05T09:55:57.629+08:00Hi Ray,
Thanks for sharing your experience with u...Hi Ray,<br /><br />Thanks for sharing your experience with us. :)<br /><br />We are all made differently. We each have different priorities and visions. Of course, we would have varied expenses as a result of our different lifestyles.<br /><br />However, as long as we are prudent in managing our finances, living well within our means and diligently planning for retirement, we are all walking in AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40379318501615928402012-01-05T08:18:37.287+08:002012-01-05T08:18:37.287+08:00Have been saving almost half my salary every mth b...Have been saving almost half my salary every mth but blew everything when bought resale flat with COV, renovation, honeymoon etc. Even though tried to do everything within tight budget, still manage to end up with ngeative assets :( so I guess marriage sucks money away. After marriage, kids suck money too. Haha. But I guess money cannot buy the priceless family bonding so I shant complain :)Rayhttps://www.blogger.com/profile/16883833861386039879noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63636905980205321212012-01-03T23:16:29.574+08:002012-01-03T23:16:29.574+08:00Hi Kelvin,
I think a third or at least a quarter ...Hi Kelvin,<br /><br />I think a third or at least a quarter of my readers are females. Ahem... I am not going there. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4477319194937303322012-01-03T21:53:13.641+08:002012-01-03T21:53:13.641+08:00Hah, while I definitely agree with what you say ab...Hah, while I definitely agree with what you say about the tips on drinking water from coolers, for the large part, it is a very male perspective.<br /><br />Women are like the rake in poker, once you are dating/married, its not easy to get the lady to agree on such things. They like to eat at fancy restaurants and so on and so forth. Once that happens, its not easy to save.Kelvin Tanhttp://kelvintan73.livejournal.com/noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76244589584865560802012-01-01T15:47:27.922+08:002012-01-01T15:47:27.922+08:00Hi Marco,
Perhaps that's not quite an accurat...Hi Marco,<br /><br />Perhaps that's not quite an accurate way of putting it. I know of bachelors who give their parents a huge allowance, and so their savings rate also dips.<br /><br />For myself, I am a so-called "Family Man" with a kid, yet I am able to sustain a 45%-50% savings rate.<br /><br />It really depends on each individual's circumstances, wants and "needs"Musicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1118784833779751262012-01-01T10:09:32.894+08:002012-01-01T10:09:32.894+08:00Hi Marco,
I guess you save quite a bit yourself. ...Hi Marco,<br /><br />I guess you save quite a bit yourself. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65123988142548173722011-12-31T18:01:11.663+08:002011-12-31T18:01:11.663+08:00Very impressive!
A bachelor shall be able to save...Very impressive! <br />A bachelor shall be able to saved more than 10%.<br />A family man will hardly save up to 10%Marcohttps://www.blogger.com/profile/16887797151013544047noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30105144436462996312011-12-31T08:11:57.947+08:002011-12-31T08:11:57.947+08:00Hi Casey,
You are a good son, a good husband and ...Hi Casey,<br /><br />You are a good son, a good husband and a good son-in-law. If I know your family, I would tell them so. Actually, I think they probably know and are only teasing you for being stingey.<br /><br />I agree with you that as a family there should be common goals and having meaningful savings should be one such goal. Everyone should chip in, even the kids.<br /><br />When I bring AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55134201249514914352011-12-31T06:51:11.779+08:002011-12-31T06:51:11.779+08:00I like this very much, thanks for sharing this sin...I like this very much, thanks for sharing this sincere advice. <br /><br />I have been saving 40% of my income, and also force my wife to save 30% of hers. <br /><br />It sounds good, and I should have 60% balance of mine for spending. However, the other part of story is my wife has been spending all 70%balance of hers on herself. To support kids and parents of both sides, I spend another 40% of Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91004156436992144672011-12-30T20:58:55.953+08:002011-12-30T20:58:55.953+08:00Hi Alex,
I don't think it is just younger peo...Hi Alex,<br /><br />I don't think it is just younger people these days. I think people who seek instant gratification can be found in all age groups. However, anecdotal evidence seem to suggest that it is more prevalent amongst the young. :)<br /><br />As for paying $600k for a DBSS flat, it might have turned out to be a good move since newer DBSS flats seem to be going for much higher. No? AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68589971122073242442011-12-30T20:53:07.463+08:002011-12-30T20:53:07.463+08:00Hi CH,
I agree with you. We are all different and...Hi CH,<br /><br />I agree with you. We are all different and we will have to find our own way. :)<br /><br />I am impressed with your personal story. You have made good in life largely through your own efforts.<br /><br />I think anyone would feel encouraged reading your comment. Thank you for sharing. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6729235519584415702011-12-30T20:46:58.192+08:002011-12-30T20:46:58.192+08:00Hi MW,
Yes, I think we are not very different whe...Hi MW,<br /><br />Yes, I think we are not very different when it comes to managing our finances. :)<br /><br />I am no longer shocked when I learn of people who do not have any savings. There are people who do not have any savings and who have credit card debts and loans. A nightmare!<br /><br />Remember reports of how the retrenched from the finance industry tried to sell their fast cars and AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54654144546731971222011-12-30T20:36:31.421+08:002011-12-30T20:36:31.421+08:00Hi Bill,
Whatever works for you. All of us are pr...Hi Bill,<br /><br />Whatever works for you. All of us are probably able to make savings in our daily lives. We just have to be more aware of where and how we spend our money.<br /><br />For example, a friend decided to cut down on smoking and we know cigarettes are very expensive in Singapore. Just like your suggestion, what he is doing is also good for his physical health. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48525836679120115282011-12-30T19:43:50.717+08:002011-12-30T19:43:50.717+08:00I would think that the young adults these days wou...I would think that the young adults these days would want instant gratifications rather than to delay it and save for their future.<br /><br />There are too many temptations, ie. Car, Clubbing, Holidays etc<br /><br />Just heard my nephew who just worked less than one year and bought a DBSS for about 600k. I am thinking, isn't that ridiculous?Alexnoreply@blogger.com