Saturday, 30 November 2019

Short End Of Year Update

Its been long since I have last blogged, so i think it's time i keep track of how I have performed for this year.


Good Health Concept

Physically I have been getting heavier, so the plan to lose weight is going down the drain, the reason in weight gain is that my food intake has been getting higher a lot recently even though exercise has still been consistent.

Recently, I have been more willing to try out new things and am more open to taking calculated risks which is what I have been trying to achieve.


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As for savings, it's going up slow and steady, received some interest from my savings account under DBS, Standard Chartered and also SSB. I have also been consistently saving up my NSF allowance. I will be waiting for next year when i receive my dividends from some of my investment to finance my entry to the stocks market as I believe to have a steady base before entering the stock's market. In terms of savings, the amount that I am saving every month have been going down significantly as I have been eating out more frequently.
In addition to eating out more frequently. I have some huge one time expenses recently for example travelling to Thailand which I still managed to spend under $500 SGD for 5 days although I did not do much shopping and only managed to buy some souvenirs. Even though I still to hit my goal for savings, I definitely plan to bump it up a notch though it would be difficult for me. I have decided to shift my 5 year goals to a bigger one as I believe that I am able to hit a higher amount of savings.


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Time management has been poor, mainly because I have other commitments now, and have lesser alone time. Still striving to balance things out as circumstances is always changing. I have been getting decent amount of sleep and feel more energized, maybe it's cause of the recent trip overseas that have revitalized me. 

Friday, 10 May 2019

21st birthday

Just hit 21 years old on April.  Did not throw a birthday party, instead just celebrated it with a small group of friends and family. In my spare time I decided to do a review on my goals for 2019.

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I took my time to look at the goals that I have set for myself at the start of the year and realised that I have actually managed to hit one of my goal. In regards to health I have been regularly going to the gym. I am actually currently on a diet and I plan to reduce my weight to 60kg by the end of  July. Been doing exercises to try to cut weight but I have not been losing weight (Any advice will be appreciated). Although I am not losing weight, I do feel stronger now and I have been getting sick less frequently.

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For wealth, I have decided to put a portion of my money into SSB which I have mentioned in my previous post. I have not invested into the stock market so far, as it is very volatile and I want to park my money into a safe and stable investment with a short time frame of 1-2 years at max.

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As for time management, I have in fact been getting lesser sleep than planned. Would have to start working on that soon

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Monday, 11 February 2019

Singapore Saving Bonds (March)

Just applied for the Singapore Savings Bond for March, hopefully my application will go through

Interest Rate for March SSB = 1.95% (Short Term)

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Rationale behind applying for it and why it took so long before I decided that I should apply.

The situation that I am in is that I will be going to university in about approximately 18 months. I am planning to use the cash that I have on hand for my university fees. I estimate the cost to be at least 30,000 Sgd. Thus the time frame that I have is 18 months and the investment vehicle that I choose has to be non-volatile as I want to protect my principal amount. This would thus eliminate my options of investing in the stock market.

Fixed Deposit vs Singapore Saving Bonds.
Comparing the options that I have. Singapore Saving Bond is currently the better option as the best fixed deposit interest rate right now is CIMB 's 1.9% where I have to commit to 12 months as compared to SSB's 1.95% where it would be more stable and the withdrawal penalty is lower in the event that there is a better interest rate that is stable that will be given out in the future.

Honestly, I should have done this way earlier, but better late than never I guess. If there are better options out there please feel free to recommend it to me and I will read up on it :)