I received the above queries from one of my readers and it coincides with an article I read in Yahoo Singapore recently about underemployment rate of local graduates. To me, this is a timely topic for me to dwell on because in a few more years, I will hit the forties bracket. Sooner or later, I may face the predicament or prospect of being retrenched from my job, so I think it is worthwhile to reflect and examine this issue now before it really impact me big time later on in my life.
To put things into perspective, the Singapore employment landscape has changed over the years. In the 80s and 90s, if you had tertiary qualifications, you would unlikely be fearful of the word “downsize” in your company because back then, there were not so many graduates with 10 – 15 years of working experiences in the job market. But times had changed. Nowadays, the market is glutted with graduates from local and overseas, private and public universities. To make matter worse, foreigners are competing with local Singaporeans for white collar jobs as well. So given the stiff competition, it is not surprising that people in their 40s encounter difficulty in re-employment.
It is stupid to advise those who are retrenched from their jobs to chin up and remain optimistic. Obviously you would feel a little bit of depress initially and start to doubt your capabilities when you are laid off, especially during the mid-career stage. But it is important to remind yourself to
- A comprehensive research database, covering stock fundamentals for all SGX-listed companies
- Customised search, giving investors flexibility to filter stocks across 20 screening criteria
- New proprietary tools, including S&P Capital IQ Alpha Factor Composites, which ranks stocks based on eight investment style classifications
- Ability to chart a company’s financials for the last five years
- Downloading and printing of company snapshots for easy analysing
It can be accessed through SGX’s corporate website at www.sgx.com/stockfacts. The url for the press release is http://www.sgx.com/wps/wcm/connect/sgx_en/home/higlights/news_releases/sgx-launches-stock-and-company-information-portal-stockfacts-for-investors.
My view on StockFacts
To build wealth and make money through stock investment, you must first and foremost have access to objective data. The good thing about this platform is that it provides research database free-of-charge to investors. The fundamentals for all SGX companies are mostly covered, like ROE, debt, cash flow and dividend yields. But beyond these, I think the best feature for novice investors should be the S&P Capital IQ Alpha Factor Composites, which are metrics showing the company’s ranking in eight categories that are likely to affect its price. The platform is quite
He recounted that when he was young, his family was poor. On his seventh birthday, he and his mother went to a cake shop but had no money to buy a birthday cake. He was disappointed and refused to leave the shop. Then, a middle-age man who was standing behind them, saw the awkward situation and bought a birthday cake. He then offered the cake to him and wished him a happy birthday.
The mother was so grateful to the man and requested him to note down his address so that one day she could return the money to him. However, instead of noting down his address, the middle-age man wrote something else. He then promptly left the shop. The gentleman never get to know the man’s name but he never forget this incident, which created a change in him. Upon hearing his story, the grandmother thanked the gentleman profusely and requested him to note down his home address on a piece of paper. She hoped to return him the money one day.
I do not have the answers to the above issues but I believe that to make money from property investments, there are nuances you have to look out for. To this end, I am glad that fellow blogger, Property Soul, is kind enough to invite me to her upcoming property education seminar, Smart Landlords vs Smart Tenants. She had invited me to her seminars previously but due to work exigencies,
Indeed, my blog has not achieved the kind of success enjoyed by Mr Tan, but I like to view this as a project still very much “work-in-progress”. For the past four years, my blog has attracted more than 30 vendors from local and various countries like USA, UK, Australia, South Africa, Russia and Hong Kong. But I did not take up some of the advertising opportunities, like those promoting online gambling or casinos because there are certain code that I have set for myself. As a matter of personal policy, I do not promote gambling, violence or sexual contents. In addition, this is a non-political and non-religious blog, even
Have a dedicated email account for the job hunt, this way you can channel all your information, interview details, contacts, job portal alerts here.
On a more psychological sense, it can help to channel your energy and motivation the moment you open this email account, tell yourself to focus on the job search, not distracted by emails from Facebook, Twitter and other social media alerts.
Of course, please have a professional email address, enough said.
Open an Excel Spreadsheet.The point is database management. Create a couple of grids on the vertical axis with a couple of suggestions: ‘Date’: ‘Company’: ‘Job title’: ‘Contact Person’: ‘Email’: ‘Contact Number’: ‘Remarks’
Well, this is to help you collect your efforts in an expeditious manner and track your job search progress. So when you get a job alert from your email, say from XWY company for a Technical Specialist, you can drop these details in and also include the source and URL if you want to.
Then input into the remarks part your actions e.g. ’email sent’ or ‘
On 03 Sep 2014, the government announced four enhancements to the HDB Lease Buyback Scheme (LBS) as follows:1) The scheme will be extended to 4-room HDB flats and to sweeten the deal, there will be a $10,000 cash bonus per household when the elderly participate in the scheme.
2) The income ceiling will be raised to $10,000 from $3,000 per month to allow elderly who are still working or still living with their family members to qualify for this scheme.
3) The requirements to top up their CPF Retirement Accounts with the LBS proceeds will be relaxed as reflected in Table 1 below.
Table 1: Change in CPF Top-Up Requirement* for Households with Two or More Owners
(0.5 x Age-Adjusted MS)
CPF Draw-Down Age
(now 63) to 69
70 to 79
80 or older
By and large, the LBS is a good scheme that allows the elderly the additional option to monetize their property asset to fund their retirement needs. But then again, I would not encourage my mother to participate in it. This is because I know my mother too well. She lacks the financial discipline and will to handle the large amount of money. Within months, I am quite sure she would use up the proceeds from the LBS. So I prefer her to rent out the spare room in her flat. In this way, she can still monetize her flat and in addition, we also give her monthly allowances to