tag:blogger.com,1999:blog-7944902213075756335.post6013346867669076434..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): The head of a typical HDB flat household speaks.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7944902213075756335.post-18355451513133148972021-02-25T14:00:26.391+08:002021-02-25T14:00:26.391+08:00Hi C,
Thank you for the update.
Very happy for y...Hi C,<br /><br />Thank you for the update.<br /><br />Very happy for you. Gong xi gong xi! :D<br /><br />Unfortunately, there will always be people who want to keep up appearances but how is going around borrowing money from friends going to help? <br /><br />You blur? I also blur.<br /><br />You are a good example of what being financially prudent can do for us. :)<br /><br />Reminds me of AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41269045900034940442021-02-25T09:34:06.793+08:002021-02-25T09:34:06.793+08:00Hello AK Shifu
It's been over 6 years since y...Hello AK Shifu<br /><br />It's been over 6 years since you blogged about my financial life story in your above 31 Dec 2014 -"the head of a typical HDB flat household speaks" <br /><br />In your reply, you estimated my SA should reach $241,500 when I am 50y. Surprisingly my SA is $250,000 at my current ripe old age of 46y old, this due to my work contribution and yearly cash top up Chttps://www.blogger.com/profile/12986923675688962791noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75466921080109128592017-05-17T16:13:03.690+08:002017-05-17T16:13:03.690+08:00I would always encourage home ownership but it mus...I would always encourage home ownership but it must not be home ownership at any price. It has to make financial sense.<br /><br />Consumption when we have to stretch our resources very thin is not a good thing. Consuming when we do not have the resources to do so is worse.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35224727219564846332015-01-02T21:05:10.720+08:002015-01-02T21:05:10.720+08:00We always hope that when we share our experiences,...We always hope that when we share our experiences, somebody will learn from there and avoid the pitfalls or help to refine our thoughts by pointing out something different. <br /><br />I have been advocating the wonders of SA and SRS to my friends and colleagues. I am happy a few have started their SRS accounts in 2014. I find that depiction of the benefits using spreadsheets is useful. SRS is ancaelitushttps://www.blogger.com/profile/13660982394128592052noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32104546420005735442015-01-02T16:33:00.888+08:002015-01-02T16:33:00.888+08:00Hi caelitus,
Thank you for sharing your story wit...Hi caelitus,<br /><br />Thank you for sharing your story with us here. I really appreciate it. :)<br /><br />Yes, the CPF-SA should be viewed as a very long term bond guaranteed by a AAA rated sovereign. This bond has a twist when we reach age 65 as it morphs into a lifelong annuity. <br /><br />I believe this product is unbeatable as it is risk free and free of volatility. In planning for our AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77563326664739607422015-01-02T15:54:27.122+08:002015-01-02T15:54:27.122+08:00I will like to share my example. I am 36 in 2015. ...I will like to share my example. I am 36 in 2015. Up till the age of 27, I squandered my savings and monthly income. It took a while but I got down to managing my cash flow to build up my reserves. At 34, I topped up SA using cash to meet the prevailing Minimum Sum. It was painful but i found it necessary. I am even more convinced when I calculated the result at the age of 60. I encourage caelitushttps://www.blogger.com/profile/13660982394128592052noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81377240213616152042015-01-01T11:07:05.552+08:002015-01-01T11:07:05.552+08:00Hi All
Thank you for your kind words and encourag...Hi All<br /><br />Thank you for your kind words and encouragement. <br /><br />This journey is all fun for me & my wife. Our end goal is just to give one of the best gifts we can to our kids (besides education), which is achieve FI and not having them to support us so that they are free to pursue their career & build up their own families. <br /><br />CPF is the cornerstone, or what I Chttps://www.blogger.com/profile/12986923675688962791noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27095583247597448942015-01-01T00:17:33.117+08:002015-01-01T00:17:33.117+08:00Hi all
In my personal view, people like to compar...Hi all<br /><br />In my personal view, people like to compare with one another on the type of lifestyle. When one (being frugual & having a simple lifestyle) differs from the usual norm, the majority will try to criticise this person of being mean to him/herself. Some of the criticism will go to the extent in which this person will not be able to bring the accumulated wealth wuth her/him whenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-17813634058858558842014-12-31T22:33:16.212+08:002014-12-31T22:33:16.212+08:00I have personally known a senior who is a multi-mi...I have personally known a senior who is a multi-millionaire and stay in a HDB 3 Room Flat. She has quite a few condos and properties on her hand. <br /><br />I asked her: Why not stay in the Condo?<br /><br />She Replied: If i stay in a condo, my friends and relatives would be expecting me to have certain lifestyles and habits that reflects my status or wealth. Such a lifestyle goes against my Solacehttps://www.blogger.com/profile/08801978818033316328noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75725513406429645302014-12-31T19:50:03.426+08:002014-12-31T19:50:03.426+08:00Hi Rebel,
I still remember being labelled as some...Hi Rebel,<br /><br />I still remember being labelled as someone with a peasant mentality towards wealth building. -.-"<br /><br />See:<br /><a href="http://singaporeanstocksinvestor.blogspot.sg/2012/12/to-be-happy-peasant.html" rel="nofollow">To be a happy peasant.</a>AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27397120877568659142014-12-31T19:22:11.357+08:002014-12-31T19:22:11.357+08:00Stay on course C!
It's strange that folks on...Stay on course C! <br /><br />It's strange that folks on the island like to laugh at the peasants leading a simple life. The illusion of prosperity is deadly. <br /><br />Rebelhttps://www.blogger.com/profile/13699200497110968796noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84191450840820163952014-12-31T17:15:30.423+08:002014-12-31T17:15:30.423+08:00Hi C,
It is very common for people to believe tha...Hi C,<br /><br />It is very common for people to believe that those who do not display abundant material possessions are not successful. To these people, nondisplay-oriented<br />people like you and I are their inferiors.<br /><br />It is unfortunate that these people judge others by their choice in foods, suits, watches, motor vehicles, homes, and such. To them, superior people have excellent Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.com