Tuesday, 27 December 2016

Balance Transfer $12,000 from Maybank *Approved*

Balance Transfer Approved
Previously, I wrote about balance transfer or fund transfer for improved cash flow to meet short term needs. 

The purpose of this post is to share some information for those that need this short term cash flow to settle immediate needs (higher interest loans, overdue credit cards and etc.) 
DISCLAIMER: I am not encouraging anyone to take a balance transfer or fund transfer.  I am taking it because I am very confident I have the means to pay off the outstanding amount within 6 months without any hiccups. 

Saturday, 24 December 2016

2017: 3 REITs that AT will invest in for passive income

Merry Christmas to all my readers! I am very glad I made the decision to keep my blog running despite a long break. Thank you for your support! 

In this post, I will share a few REITs that are already on my watch list for 2017. They are namely Keppel REIT (K71U), Suntec REIT (T82U) and Capitaland Commercial Trust (C61U). I am waiting patiently for even lower prices to accumulate them.  

Monday, 19 December 2016

5 Investment Tips I Learnt From Playing Pokemon Go!

Pokemon Go inspired Investment Tips!

This post is a simple analogy for beginners to better understand investments in general. It is dedicated to all investors whom are also Pokemon Go players.  While chasing the Santa Hat Pikachu around my neighbourhood over the weekend, I had an inspiration to relate the mechanics of Pokemon Go to investments. 

Legends - 
Pokemon = Investment Opportunities.
Pokeballs = Resources (Time and Money) 

Wednesday, 14 December 2016

4th Quarter 2016 Portfolio Review

Welcome to AT's first and last portfolio review for 2016. The main purpose of my portfolio review is for my personal reference and to share some ideas guiding my investment decisions. I love dividends, but I am not a hardcore yield hunter. My portfolio was built up on cyclical play over the last 2-3 years and it is too heavily overweight on commodities. Albeit the lack of diversification, it was an excellent year as my portfolio increased significantly due to rising commodities prices (after they hit rock bottom for the past 2 years).

4Q 2016 Portfolio Value: Between S$60 - 80k at age 28



Friday, 9 December 2016

Balance Transfer: Should You Take It?

For the uninformed, balance transfer (sometimes known as fund transfer) is similar to a short term bridging loan usually for tenure of 3 months, 6 months or up to a year. The bank providing the balance transfer will charge a one time processing fee and "promotional" interest rates on the money they disbursed to your credit card / bank account. 

Original Purpose of Balance Transfer

Source: www.ocbc.com
The original purpose of a balance transfer is to use the "promotional" period where the interest rate is low (at the time of this post, effective interest rate [EIR] is around 5-8% pa) to settle outstanding debts with higher interest rates (e.g. 24% pa credit card). As per above illustration, you will be able to save a significant amount of interests payable. 

Tuesday, 6 December 2016

How To Pay Less Income Tax LEGALLY

Source: https://www.iras.gov.sg/irashome/TaxSeason2016/
Click Image to Zoom In (note: info is for YA2016, the upcoming one is YA2017)
Now is the time of the year where you need to take stock of your personal finance so that you can legally pay less income tax for YA2017. Why is this important? I am a firm believer of this expression by Benjamin Franklin, "a dollar saved is a dollar earned". In fact, a dollar saved today is BETTER than a dollar earned in the future due to time value of money.

Some of my friends and relatives do not like to go through their income tax returns because they think it is too troublesome. I wouldn't complain since their contribution will be channeled towards our nation building. For tax residents (Singapore Citizens (SC) and Permanent Residents (SPR) who resides in Singapore) who like to find out how to pay less income tax legally, read on....

Saturday, 3 December 2016

Voluntary Cash Top Up to CPF SA, A Story of Delayed Gratification

Retire comfortably with CPF-SA
This is a story of Tom (age 28, earning close to median monthly salary of $3,500 per month), a man willing to sacrifice short term pleasure for long term gains. As end of the year approaches, many of us might be thinking of a short getaway trip especially during the festive seasons. A short trip to our neighboring countries would usually cost around $1,000 per pax inclusive of flights, accommodations and overseas spending. For Tom, the cost of a trip probably closer to $2,000 as he pays for his wife's expenses as well (I believe most men still do despite ladies earning their own keep).

Thursday, 1 December 2016

Excellent time to invest during Black Friday and Cyber Monday

Last weekend was the Black Friday and Cyber Monday weekend. I always make a point to invest during this period as there are significant discounts on..... books! The world is constantly changing with new trends and technologies. Therefore, we must always continually invest in ourselves to keep pace with the world.

When is a better time to invest in yourself? 

About the author

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Financial freedom = Passive Income > Expenses. Always remember that there are two sides to the equation of financial freedom. Beside working on how to improve our passive income through investing, we should never neglect the expenses portion. By striving to improve both side of the equation, we can achieve our financial goals and win in the game of money.

I will also be sharing some interesting news and ideas related to investing and the stock market, you can find me on FacebookGoogle+ or Twitter