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Topping Up $7,000 into my CPF Special Account (SA) for tax deductions

Last month, I decided to top up my CPF Special Account since that account gives me 4% yield risk free. My calculations showed that I can reduce my tax bill by $7k x 15% = $1050, without even taking into […]

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Endowment policy vs investing it yourself

Many bankers and insurance agents tried to sell me endowment policies.  I have never believed in this type of policy. It has got to be the worst payback vehicle ever, i think worse than Singapore savings bonds!  They sell it […]

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I stayed in my parents’ rental property for too long

I stayed in my parent’s rental property for too long. It was near the office, hence everything was so convenient, walking distance in fact.  I stayed for 7 years, and I missed out on 7 years of extra dividend income. […]

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Purchasing life insurance

I recently re-balanced the family’s insurance schemes. I remember just when i was just starting out, my cousin once told me to buy only Term + Critical illness insurance. I didn’t listen and bought an investment linked plan from one […]

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Having a high savings rate right early on

The day I received my first paycheck was memorable.  At 23, I remember feeling I was financially independent, and I didn’t need to spend my parents money anymore.  So I spent about 80% of my salary for the first 3 […]

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Why I won’t ‘gamble’ in Creative stock

Over the past few days, we’ve seen Creative shares (SGX: C76) rocket from $1 to $9+, and drop back down to $7+.  To those employees of Creative, better sell now while you can. To those who managed to catch this […]

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