What’s the best piece of financial advice you’ve ever received?
For me it’s to live within my means and invest the rest in simple index funds.
For me it’s to live within my means and invest the rest in simple index funds.
- Male in 40s in IT sector. Main breadwinner. (Total household income 12k/mth) - Family with two children (8 and 5) - Essential Expenses 4K/month - HDB and car fully paid - Liquid assets (250-300k in stocks, mostly dividend stocks ard 4-5% yield) Abit jaded from corporate world and want to see if I can do something more fulfilling which sadly I don’t know what I am really looking for. So want to take a year break and recharge and reflect. Company allows that and I can go back but possibly a different role/team. Family is supportive. But I also don’t want to drain too much savings during this period, so I want to do some side gigs (Eg lalamove). Can’t do private hire as car has child seats. Have experience in wordpress site, mobile app dev, creating marketing content such as infographics and doodle animation video. Would like to hear from anyone with similar experience and took a break? Can share experience? Any regrets? Love to hear any suggestions on how to earn some side income. Thanks folks!
investing👍 4
34M, currently sitting on an investment portfolio worth SGD $336k. I’ve been aggressively saving and investing 60% of median salary every month and selling cash secure puts as side hustle. Hoping to FIRE at 1M mark. Would love to hear from others on a similar path and whether retiring at 1M is possible? Lucky enough to already own a BTO and have a newborn coming.
investing👍 3
"The fund, XDIV, will sell holdings just before dividend dates and rotate into other S&P 500 ETFs to avoid taxable income, appealing to tax-aware investors" This will be a viable S&P500 alternative for Singapore investors that is even better than Ireland domiciled UCITS ETFs due to no tax drag at all. TL;DR is that the ETF holds other S&P500 ETFs and will sell holdings in one before dividends are paid and rotate into another ETF that has a different dividend date. Potential upsides are reduced commissions (LSE/EBS commissions are higher than US exchanges), avoiding the 15/30% WHT drag on total returns, reduced tracking errors as it holds a basket of S&P500 ETFs. Potential downsides are any drag from the reallocation, possible liquidity especially in the initial stages and tracking errors since it tracks other ETFs instead of the underlying 500 companies directly. Also, estate tax if you die while holding this versus Ireland domiciled UCITS. I will likely take a position upon launch to closely track its performance against the established ETFs. DYODD but consider keeping this on the radar. Might turn out to be a gem, might be a dud.
www.bloomberg.com
I’m single M30, living in an almost paid up 2BR condo (monthly mortgage $500 from CPF), savings ~1M and earning ~200-250K p.a. Expenses ~3K per mth Thinking of quitting and FIRE now since my savings/investments can cover my lifestyle. I will travel, exercise, do some hobbies and maybe start a YouTube/insta page to talk about investing/my life as a retiree…? Not sure if I’m crazy to retire so early and get out of the rat race. Anyone can relate or have suggestions? Will I be too bored and waste my life away lol Just wanna say I’m of course grateful to be in a financially comfortable position. I am working crazy hard and even in office right now waiting for partners’ emails to come in. Here to crowdsource thoughts only
investing👍 3
Hello, am here to seek some opinions. For context im 32M looking to get some dividends income to better diversify my portfolio. I have in general settled my high risk investments (or at least am happy with current investment amts) And am looking for a more stable fixed income / dividends / low risk investments. The goal here is whether i am able to earn on avg $500 in dividends. Plan is to start accumulating over time (dca) singapore stocks that pays dividends. And for the first year re-invest my dividends earnings. 1. which platform do u recommend? 2. is there any flaw in this plan? 3. do u recommend funds over purchasing the stocks by itself? E.g UOBAM vs UOB stocks itself 4. any current stocks u recommend and is now a good time to buy in? (Just trying to time the market a little so outlook is better, also why i’m looking to dca)
investing👍 3
i am a happy go lucky 34 years old chap that is now starting to save and doing some investment in order to beat inflation, but so far i only bought some blue chips share. anyone out there can advice on some tips for retirement and such, and to prepare for my baby gal future needs. so far i am staying in a hdb, driving a normal conti car that is at $1700 monthly payment. hdb is fully absorb by my cpf, and my monthly salary is $16000 a month, wife is working, but don't want to involve her, as was thinking to faster save to upgrade to a condo in marine parade or river valley.
salary👍 2
As mentioned in title: 5 years of relevant working experience, all in private education sector. Currently getting pay of $3.1K, plus handphone allowance of $80. Applying for govt-related/public sector jobs, asking for $3.5K. I am willing to negotiate down to $3.3K. Employment agency ask me to lower my salary. Not sure whether can trust or not... think maybe they are in hurry to get commission. I already went for 5 interviews and have received one job offer so far but the renumeration package can't be confirmed... been waiting for 3 weeks liao
Just curious how much should a 30 years old should have. Some brief description of person, local uni grad, not a high flyer, single Is the following appropriate and reasonable? CPF: $100000 Life Insurance/Savings Plan: $50000 Cash: $100000 Just wanna seek your views and what do you is appropriate if differ from the above? thanks