One thing I liked about my agent was that he was able to provide a “one-stop” services such as recommending us a banker and a lawyer to process my home loan and CPF transaction. Our case was a bit complicated because we opted for a private loan instead of HDB loan.
Thanks for your time and have a great day ahead!
I received the above email from one of my readers a couple of weeks ago. I fully agree with him that to be rich and successful in the stock market, investors should make the effort to note down the gains and losses made in their stock investments.
The principles behind such an endeavor is not really to track the actually amount of gains and losses, but rather, to serve as a form of discipline and instill a sense of purpose to your investments. Such a practice can help a newbie investor avoid many investment traps and empowers him to make better financial decisions in the long run.
When I started investing many years ago, I would record every single gain or loss of my shares investments in a little blue notebook.
Several readers had dismissed Madam Goh’s unfortunate ordeal as an isolated case and loathed to accept that Singaporeans are gullible and not good at managing money. Without even following my blog, they claimed that I generalize issues and linked different issues with no basis.
Over the past few years, there were a number of new personal finance bloggers joining the community. I appreciate their presence as they provide new ideas, thoughts and information for the readers. Such a development is good for Singapore because it helps to cultivate and strengthen Singaporeans’ personal finance literacy.
But I think one of the many blogs that stands out from the rest is The Finance.sg, a collection of local personal finance blogs in Singapore. The owner, Derek, believes that by consolidating quality sites and articles, the content can reach out to a larger audience and encourage like-minded people to share their views, thereby creating a vibrant community.
Sure, there are many other blog aggregators in Singapore but I think the success of The Finance.sg lies in its simplified presentation format. The articles are published in an uncluttered manner, with a short teaser related to the main content. So if the reader is interested in finding out more about an article, he can click on the “read more” function and will be directed to the guest blogger’s website. A lot of my blog’s traffic has been directed from The Finance.sg and henceforth, I appreciate the work of Derek. But beside giving credit to Derek, I would also like to contribute to the personal finance blogging scene by sharing with everyone on how to establish a high traffic website, or a blog for that matter.
Earlier this year, I reviewed my NTUC Enhanced Incomeshield and felt the need to upgrade my current Basic Plan to Private Plan. This was after I read from the news that public hospitals in Singapore are overcrowded nowadays due to the mass influx of foreigners. In fact, Changi General Hospital had to even set up temporary tents outside the hospital in order to address the shortage of hospital beds. I was told that if the beds in the public hospital are fully occupied, the hospital staff would transfer you to a private hospital for treatment. When this happened, you have no choice but to pay the bills for the private hospital stay, which can be really expensive.
In my previous post, return on equity (ROE) was highlighted as an important indicator to measure the management performance of a company. But one of my readers pointed out that earning per share (EPS) is also useful for investors to determine the value of a stock. I totally concur with him and would like to emphasize that both are needed to evaluate the value of a stock.Undeniably, valuing a stock is more difficult than assessing the financial health of a company because the former is a combination of art and science, while the latter can be found most of the time from the annual reports. In this article, I shall attempt to share with my readers how I value a stock, using the well-known OSIM as an example.
Firstly, P/E refers to the price earning ratio, It can be derived by dividing price-per-share over earning-per-share (EPS). For example, OSIM is currently trading at $2.71 a share. Based on the 2013 report, the EPS for 2012 was $0.12 and for 2013, it was $0.14. Given the latest quarterly report, the full year EPS should be about $0.16 for 2014. The P/E ratio had also been decreasing since 2011, from 30% to 20%.
We are pleased to share with you that we are moving to our new bullion shop, showroom and vault on 14th July 2014.
In our new retail venue, you will be able to view, buy, store, deposit, audit, sell and physically withdraw bullion in a one-stop shop.
The address of the new location is:
45 New Bridge Road
Singapore 059398The closest MRT station is Clarke Quay which is a 2 minute walk across the road.
The new extended opening hours are:
Monday to Thursday: 11.00 pm to 8.00 pm
Friday: 11 pm to 5 pm
Saturday: 10.00 am to 2.00 pm
Closed on Sundays and Public Holidays
Our phone number +65 6284 4653 will remain the same for any queries.
In my previous post on the merits of CPF Minimum Sum, one of my readers Fred Khoo pointed out that the CPF Minimum Sum (MS) scheme is a national failure and that the government should not “lock up” Singaporeans’ CPF monies. Well, one thing for sure is that most Singaporeans would have strong opinions on the CPF scheme but it does not mean that the CPF MS scheme is a flop. Indeed, there are flaws and improvements that can be made to enhance the policy to better suit Singaporeans’ needs. However, it should be noted that the merits of CPF MS far out-weigh the flaws. The recent case of Madam Goh vindicated my point.
As a cleaner, Madam Goh lives alone in a studio flat. After working for 60 long years, she managed to scrimp and saved more than $400,000 of life savings. This is an amazing achievement as apparently, she is uneducated and does not possess any skill.
No, I am not crazy but which company on earth would give you this kind of salary increment just because of rising inflation? Singaporeans seriously need to have their head checked and get a reality check.
Most Singaporeans do not understand the principle of ‘perception’ at work. In our workplaces, we tend to have an inflated ego of our own abilities and do not realize that how we perceive ourselves is different from what others perceive of us. We tend to overestimate our intelligence and manifest our contributions to the organization. These are general human fallacies, but I noticed that Singaporeans are never satisfied with their income, no matter how good it is. We always want higher pay as if it is our automatic rights, without linking the increment to performance. Come on, inflation is not a valid reason for pay hike.
According to an article in Dr Wealth’s blog, there were more than 68,000 new CDP accounts opened in the past 12 months. Apparently, the number of people who now hold securities is at an all time high of 844,000 people.While it is a fact that more and more Singaporeans are interested in making money from shares, I am not so sure whether these Singaporeans are really investors or merely speculators. Given that the Wall Street is now at record peak, many existing local stockholders’ portfolio have risen in value. I reckon this must have attracted people to open trading accounts and take part in the actions as well. After all, many Singaporeans want to make money and become rich quick. But before newbie traders get carried away, it is important to build the knowledge foundation first.
Last week, one of my readers, Dexter Choo wrote in to me asking why I use Return on Equity (ROE) instead of Earning Per Share (EPS) to measure the financial health of a company. This article is written to clarify some of the strategies I use for stock analysis and hopefully readers can benefit from this sharing and went on to build their wealth.
Basically ROE reveals how much profit the management can generate with the money shareholders invested.