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)

Image result for singapore savings bond

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 :)

Monday, 28 January 2019

New Goals For 2019

3 Major Goals For 2019


2018, I was sick very often even though I rarely fall sick, so this year, I will be spending more money on my health. By eating healthy and going to the gym more frequently. In addition to this, I tend to overthink a lot and thus this would cloud my vision most of the time.

Eating habits have been bad as I have been consuming too much fast food as it is convenient, I am going to limit my fast food to 2 times a month at most.

Image result for healthDaily Exercise
50 Push Up
50 Sit-Ups
5 x 30 secs of planking
4 x 30 sec of side planking

Meditate for at least 20 mins a day


Related imageMy mentality on wealth is slowly starting to change, I feel that previously, I have been overthinking and thus making things complicated, when in actual fact the answers are very simple. I was anxious to get out of the rat race. I will be reviewing things as it goes but my goal for 2019 would be to achieve $50,000 in my portfolio. Current Portfolio - $38,000 in cash 11 months to go


Image result for timeI have not been spending my time efficiently, thus this year, I have set a simple goal for myself. To ensure that I will be getting ample rest preferably at least 7 hours of rest, spending more time with my family and friends. I will travel to other countries whenever I get the time to while I am young

It is a bit early but I wish everyone a happy Chinese New Year 

Image result for Happy chinese new year 2019

Wednesday, 26 December 2018

Summary of 2018

Breakdown of my portfolio in 2018.

Cash -  81%
Insurance - 16%
Savings account - 3%

Not necessary a bad thing that I did not decide to invest in the stock markets as the market has been experiencing some dips here and there. Will continue to brush up on my knowledge before I start to shift my money into the stock market.