BlueZeus

Boy, 16, siphons over $90k from dad’s CPF, bank accounts for fishing trips and Korea holiday

Boy, 16, siphons over $90k from dad’s CPF, bank accounts for fishing trips and Korea holiday

After taking loans from his father’s insurance policies, the teen transferred the money to himself. Read more at straitstimes.com. Read more at straitstimes.com.

www.straitstimes.com

How to convince my mum to stop getting scammed by MLM companies

So my mum chanced upon this MLM company called "Summit International Lily Singapore" and bought a heating mattress (thin ass mat in my opinion) for SGD 5.7K and 3 pieces of shapewear (literal taobao stuff) for 2k. They apparently sweet talk my naive ass mum into buying those items, saying that the mattress will heal all sorts of illnesses and the shapewear will slim them down without working out like wtf is this bullshit HAHA like i rather she use the money for 4D/Toto or even the casinos. I’ve tried my best to convince her not to buy the items as they are SCAMS!! i even showed her proofs and those reviews posted but she still went ahead with her purchases...she even said oh those reviews posted are fake...and that she will check with the sales rep?!! like omg...she’s only in her 50s😭😭😭...why is she js so naive and falling for these scams...even my grandma has way more common sense than her.

Is the job market really that bad?

I know two friends who graduated in CS from NUS. They rejected a few offers because the pay was below $5k and the jobs didn’t come with the usual big tech perks like remote work or fancy pantry snacks... reasons that seemed pretty trivial. Yet, they keep complaining that the job market is very bad. Now they're saying they rather remain jobless than take up traineeships which to them, is an insult to the prestige of CS. To me, it looks more like they’re being picky rather than the market being tough. So is the job market really that bad, especially for fresh graduates?

So I like this girl… and she likes me back!!

For context, im in jc1 and i have liked this girl from my class (lets call her D) since the start of the year (really, even during her self introduction during class bonding, i found her attractive) And its not js about her looks - her energy, her humour, her interests just seem to exactly match mine. AND BY SOME MIRACLE, we managed to end up as DESKMATES. Anyways for the first few months, we just talked like a normal friend, about studies and sometimes interests etc. I didnt really dare to make my move, cus what if she rejects me? it would be really, really awkward for the next 2 years, and i really dont want to lose her as a friend since we have so much in common But the more we talk, the more i realise we both have so much in common: K-pop, baking and hate towards our GP teacher (story for another time). So fast forward a few months to just last week, I finally decided to shoot my shot - im done hiding, now im confessing, like im born to be 🤪 And there i go, sent a risky text on whatsapp after school one day: Hey D, i know this is going to sound very weird, but i think im falling in love with you - we have so much in common, and i enjoyed every interaction i had with you. If you wish, we can level up our relationship, and if not, i hope we can still be good friends 🙏 Annnnnnd i closed my phone, with heart racing at minimum 160 bpm, checking notifications every 2 minutes. finally, after waiting for 34 WHOLE MINUTES, i got a text back: a yes!!!! No words could describe my emotion back then - first relief, then unimaginable happiness I guess next week will be our first official week as a couple 😁😁😁😁😁😁 and it just all feel so unreal even right now so thats why im sharing it here before ill see her again tmr!!! So moral of the story? Be brave, go for it guys!!! You never know if you dont try 🙃🙃🙃

You’re not as good a investor as you think

Today, I need to get something off my chest. Most of you will never become good wealth builders. Not because you don’t research enough. Not because the system is “rigged.” Not because you didn’t buy VWRA, CSPX, or VOO. Most will fail for three main reasons: 1. You miss the forest for the trees There are endless debates about which platform or fund is cheapest. Yes, paying 1.5–3.5% annually on ILPs or active unit trusts is a real issue. But obsessing over a 0.05% vs. 0.3% fee difference? It’s not wrong to care about efficiency, but our energy is finite. Many people spend so much time and energy nitpicking fees while bleeding hundreds or thousands elsewhere, whether through overpriced insurance plans or lifestyle creep. Congratulations, you bought the “perfect” instrument. But if your savings rate is weak, the single biggest driver of wealth, you’re still stuck. It’s like spending weeks choosing between Nike and Adidas, then only running once a month. 2. Mental accounting bias Too many investors are dishonest about their returns. If one-third of your money sits in cash “waiting for a dip,” another third is in speculative assets, and only the last third is in a proper diversified portfolio, you are likely not making 8-10% annually. You cherry-pick the best-performing slice, ignore the satellite portfolio when it tanks, and bury your losses deep in your subconscious. From the posts I see, I can deduce that most people’s real returns across your investible don’t even beat CPF SA or endowment plans once those hidden losses and opportunity costs are accounted for. 3. Your asset allocation doesn’t match your risk appetite Uncertainty is part of the game, that’s why equities outperform bonds and cash in the long run. Volatility is the price of admission. But many here can’t handle it, so they try to time the market, fail, and quietly vanish. The truth is, too many of you are 100% in equities when you shouldn’t be. A mix of stocks and bonds is sensible for most people, yet all I ever see here is: “VWRA VWRA VWRA.” Give me a break. In case it's not obvious enough, adding bonds as an allocation (90/10, 80/20, 70/30, 60/40) and rebalancing back to the intend allocation peridocially or even owning an indexed allocation fund or Robo if you're lazy, would go a long way. You would reduce your EXPECTED returns, but if that pushes you over the line to commit more into the markets, not market time, or not to sell during bear markets, it will go a long way in terms of what returns you actually REALISE. The multi-year bear markets will eventually come. We just don't know when. Be honest about your risk tolerance, especially now, in a bull market. Finding out your true risk profile in a bear market has terrible consequences. === At the end of the day, studies after studies show that the average investor is terrible. And joining this sub doesn’t make you an exception.

Is 41-42 too old to be a first time father

Recently talking to a few friends. I had some work and financial issues when younger and put off dating in my late 20s and early 30s. I endured a very bad break up with a girl at 33 who hurt me badly. Then Covid came and things got worst from there. I recently have been talking to a few different people since and have been surprised at the backlash I received from saying I have a desire to be a father..........many thinks I am irresponsible at wanting to be a father at my age. For what it's worth, the backlash that I am receiving is coming from locals and local ladies. I feel like the local scene is more harsh towards older men who wants to be father. Now financially stable. Have my own 5-room HDB flat, renting out the spare bedrooms and earning income. Is anyone else experiencing the same?

COE premium for mass-market cars hits record high at S$107,889 as EVs and uncertainty on incentives drives sales

singaporeans are way too mean

HEAR ME OUT. i am a singaporean by the way. born and raised but just saying. singaporeans ARE SO FREAKING RUDE AND DISCOURAGING i swear…… i can name you MANY instances where singaporeans are such mood killers and i swear people in other countries will hate some of this people. and ive been to a few countries and they are super different. for example, idk why dancing on the grad stage is SUCH A CRIME. like bro they ain’t even doing anyth wrong. i saw so much freaking hate everywhere. do this in USA or smth, people will just laugh bro. the tiktok culture omg……… terrible. everything is a mistake. according to people here, you CANT HAVE FUN. there was this influencer telling her gpa on tiktok and people like “oh can’t go ntu nus”. when she did state she doesn’t really care and all. and alsooo, when people show their achievements “show off”, “wan get attention ah”. on the other hand, if people not doing so well post “so dumb sia” AND ALL THAT. WHY? idk why people are so nosy and so like boring. BORING. i love having good grades but why are people so toxic???????? and education is important and YES. but damn, what kind of culture is this? this is why people plan to move out and the mental healths of youths are terrible looking down at everything not considered the BEST) ite, poly, lower tier jcs, lower tier unis THE LIST GOES ON AND ON AND ON😵‍💫 MENTAL HEALTH? OH YEAH means you’re weak. tf bruh. and the older generation, “strawberry generation”, just handle it lah. NONSENSE EH. my teacher says mental health was bullshit and she prefers the olden days where they didn’t really care about it. BRUH I WISH I CAN LEAVE YOU THERE ALSO. 😔 i feel like people in sg are all way too idk what word to describe it as. seldom to people encourage, they just spread hate and stigma. lol, like they isn’t alr