tag:blogger.com,1999:blog-7944902213075756335.post85009800747619324..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): Save 100% of your take home pay. What?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-7944902213075756335.post-9705518255809297092018-07-17T13:02:02.166+08:002018-07-17T13:02:02.166+08:00Reader says...
There's probably less than 10% ...Reader says...<br />There's probably less than 10% who saves more than half of their incomes. Most of these people are motivated by a desire to quit their jobs or to take up less taxing employment. You are rare indeed, AK!<br /><br />AK says...<br />All of us have to work with what we have been given although there should be no stopping us from trying to change our circumstances for the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10375566050294385922015-10-01T21:25:42.754+08:002015-10-01T21:25:42.754+08:00We might not find 6% dividend yield all the time. ...We might not find 6% dividend yield all the time. <br /><br />However, with the stock market weaker and quality blue chip stocks battered, I see stocks like Starhub, SingTel, SPH, ST Engineering etc. possibly offering more than a 5% dividend yield as their stock prices decline. <br /><br />Could we see Mr. Market becoming more depressed and dividend yields expanding? ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76258277861153359122014-03-24T08:00:11.753+08:002014-03-24T08:00:11.753+08:00Hi Tree,
LOL. It is definitely possible. Whether ...Hi Tree,<br /><br />LOL. It is definitely possible. Whether we want to do it and how quickly we can do it will differ from person to person. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4289407680316966552014-03-24T01:13:25.556+08:002014-03-24T01:13:25.556+08:00Hi AK,
Would like to vouch for you.
Yes it's...Hi AK,<br /><br />Would like to vouch for you.<br /><br />Yes it's possible.<br /><br />Have I done it? Erm... Check back with me 25 years later and I will tell you ok? 8P<br /><br />TreeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31320167601264320152014-03-21T09:14:03.550+08:002014-03-21T09:14:03.550+08:00Hi aceirus,
I think you have to send Warren Buffe...Hi aceirus,<br /><br />I think you have to send Warren Buffett an email and see if he agrees. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69201230331592339592014-03-20T23:37:17.733+08:002014-03-20T23:37:17.733+08:00cheapskate investor == value investor :Dcheapskate investor == value investor :DAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75400604101861128562014-03-20T16:53:46.728+08:002014-03-20T16:53:46.728+08:00Hi Cindy,
You probably know that I use a hybrid o...Hi Cindy,<br /><br />You probably know that I use a hybrid of FA and TA in making decisions. It doesn't work all the time. Nothing does. However, it is the best I can find. :)<br /><br />There is nothing wrong with being more cautious. In fact, it is probably a good thing. Better to not make money than to lose money. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32949980382104332182014-03-20T16:08:25.904+08:002014-03-20T16:08:25.904+08:00Thanks AK. Learnt from hard lessons of investing a...Thanks AK. Learnt from hard lessons of investing at the wrong price. For this, I'll monitor awhile more as I sell high selling volume today. Once it goes below 1.60, I might go in cos my funds are limited and hard to average down. Hope tmrw will have good bargains ... sometimes, I feel like a cheapskate esp. the longer I'm into investing, the more careful I'm with every cents. Unlike Anonymoushttps://www.blogger.com/profile/10403146728589730088noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61546415111223959242014-03-20T16:01:45.921+08:002014-03-20T16:01:45.921+08:00Hi Cindy,
I was looking at it this morning. :)
F...Hi Cindy,<br /><br />I was looking at it this morning. :)<br /><br />Fundamentally, the stock is undervalued. However, technically, it is possible for the share price to go lower amid weak sentiments.<br /><br />So, if I were not invested yet, I might initiate a smallish position, keeping some powder dry in case of further retracement in share price.<br /><br />I see stronger support at slightly AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38511602935001073432014-03-20T15:32:25.919+08:002014-03-20T15:32:25.919+08:00hi AK
CMA hit a 52week low of 1.68. Would u be ad...hi AK<br /><br />CMA hit a 52week low of 1.68. Would u be adding on? Is this a gd entry price if not vested yet?<br /><br />Appreciate your advice. Tks!Anonymoushttps://www.blogger.com/profile/10403146728589730088noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29709616336582605782014-03-20T11:15:24.249+08:002014-03-20T11:15:24.249+08:00Hi SGYI,
I started this blog out of curiosity and...Hi SGYI,<br /><br />I started this blog out of curiosity and boredom. I think you would remember I said this before. LOL. The blog found a higher purpose over time. ;)<br /><br />As for our financial blogging community, there are both good and bad experience for me. So, I am pretty realistic. Anyway, there is no requirement for us to interact with everybody.<br /><br />Time is a precious AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1855773363412792014-03-20T10:57:42.031+08:002014-03-20T10:57:42.031+08:00Hi AK,
The financial blogging community in Singap...Hi AK,<br /><br />The financial blogging community in Singapore is small. But I'm grateful for our small community of good people. I'm especially humbled by the comments I received on my blog for my 2 recent posts. Makes me realise that apart from making money, most of us do really care for people and the world. Isn't this why we started our blog in the first place? To share freely SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90777350778915242052014-03-20T10:04:13.617+08:002014-03-20T10:04:13.617+08:00Hi Tien,
Oh, I like the CPF. It is a good system....Hi Tien,<br /><br />Oh, I like the CPF. It is a good system. In fact, I just did a VC to my CPF account this week. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10187157205274698062014-03-20T10:02:46.695+08:002014-03-20T10:02:46.695+08:00Hi SGYI,
Oh, I am quite sure that the top blogs i...Hi SGYI,<br /><br />Oh, I am quite sure that the top blogs in fashion, food and travel would crush any of the top blogs in personal finance and investment flat! LOL! ;p<br /><br />Reading your blog reminds me a bit of a younger me, when I was a lot more enthusiastic and energetic. These days, I feel a bit burnt out. It has been 4 and a half years...AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12588023165304412932014-03-20T09:55:32.170+08:002014-03-20T09:55:32.170+08:00Hi FoodieFC,
Some people would argue that their h...Hi FoodieFC,<br /><br />Some people would argue that their homes are a form of savings or even investment. It could work out nicely for them over time. So, I shan't start a debate on this. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71386927497133770182014-03-20T09:49:00.515+08:002014-03-20T09:49:00.515+08:00CPF helps you save!CPF helps you save!Tien Song Chuanhttps://www.blogger.com/profile/17386488670447143666noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85309719016152521472014-03-20T08:45:34.468+08:002014-03-20T08:45:34.468+08:00Hi AK,
Forget that I asked the question. I'm ...Hi AK,<br /><br />Forget that I asked the question. I'm confusing myself too. Haha..<br /><br />I'm glad my small and humble blog post is inspiring. Certainly hope it will inspire other people too. AK is not old. Still quite relatable to young people like me. <br /><br />Money is a popular topic but saving and investing is not. These 2 don't seem to go hand in hand for most people. IfSGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8997135344144365952014-03-20T00:19:14.130+08:002014-03-20T00:19:14.130+08:00if only life was so simple and straightforward =) ...if only life was so simple and straightforward =) <br /><br />have a house to pay for =((( FoodieFChttps://www.blogger.com/profile/11205055536110127445noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4455962807409872352014-03-19T23:26:44.136+08:002014-03-19T23:26:44.136+08:00Hi Stoical Keynes,
I actually believe that we wou...Hi Stoical Keynes,<br /><br />I actually believe that we would have a hard time finding people who save half of their take home pay consistently for even a few years. 1 out of 100 people, maybe?<br /><br />If saving and investing are such popular topics, blogs like mine would be more popular than Xiaxue's. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60548555923907246652014-03-19T23:07:14.487+08:002014-03-19T23:07:14.487+08:00Hi AK,
There's probably less than 10% who sav...Hi AK,<br /><br />There's probably less than 10% who saves more than half of their incomes. <br /><br />Most of these people are motivated by quitting their jobs or at the very least taking up less taxing employment. <br /><br />So I guess out of this lot, less than 10% will reach a day when they will be saving 200% of their income since a 50% margin of safety should suffice for even some of My 15HWWhttps://www.blogger.com/profile/05406638167557231093noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73218708806283362282014-03-19T22:39:58.823+08:002014-03-19T22:39:58.823+08:00For anyone who might be interested, in the above e...For anyone who might be interested, in the above example, by the 13th year, we would have saved a total of <b>S$377,637 </b>(everything else remaining equal). :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6366335878494709872014-03-19T22:29:26.379+08:002014-03-19T22:29:26.379+08:00Hi SGYI,
Er, I don't quite understand the que...Hi SGYI,<br /><br />Er, I don't quite understand the question but what I have done is a rough back of the envelope kind of calculation. I am sure we can be a bit more or a bit less conservative and we will get different numbers. :)<br /><br />This blog post is really more of a challenge. Do we like the end result? If we like it, are we willing to do what it takes? Can we do it? (Bob the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84309335107366729182014-03-19T22:10:08.949+08:002014-03-19T22:10:08.949+08:00Hi AK,
Thanks for writing up the details on how t...Hi AK,<br /><br />Thanks for writing up the details on how to save 100% of take home pay. Just curious, why compound the interest only on the base savings of 20k instead of adding 20k each year and compounding it? I hope I understood what you were trying to convene. <br /><br />Thanks for mentioning my post as "inspiring story" in your blog. I didn't know my story was inspiring SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86747034849551813192014-03-19T21:52:49.610+08:002014-03-19T21:52:49.610+08:00Hi B,
Nope, I won't say it. There are people ...Hi B,<br /><br />Nope, I won't say it. There are people who don't like me saying it although the statement was really meant to motivate readers into taking action and not meant to encourage anyone in using what I have done as a yardstick. :)<br /><br />All of us have to work with what we have been given although there should be no stopping us from trying to change our circumstances for AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-91711186956631876512014-03-19T21:44:44.902+08:002014-03-19T21:44:44.902+08:00Hi AK
200% income saved is such a stretch. But I ...Hi AK<br /><br />200% income saved is such a stretch. But I know you will say if AK can do it so can you :)Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.com