Top ad

Saturday, June 2, 2018

Free Insurance for Singaporean?

So how do you get free insurance in Singapore? Well kinda free.... 

I just maxed out my CPF Medisave account recently at $54500 and this money will be getting 4% per annum risk free interest… Yeah!! This mean I will be getting $2180 yearly from the government.... "FREE"…. Double yeah!

The Medishield life insurance premium for my 2 kids and I totals to $1005 per annum. That means that after paying for the insurance premium, there is still have some left over to be transferred to my SA to continue earning interest. Triple yeah!

So it pays to stay healthy and not use your Medisave money for as long as you can. Note that an admin fee will be charged when you pay medical bills with your Medisave.

Want more free money?

soCash a handphone app that allows you to withdraw money with your handphone at many participating retail outlets is giving out $5 for new sign up and $3 for referrals. Go sign up via the link below for both of us to get free $3. Thanks and Happy Value Investing

Saturday, April 28, 2018

Crypto Investment update

NOTE: This is not a post about how much money I had made or the insane gains I had gotten from my Crypto investment. If you are looking for success story to give you that extra nudge to start investing in Crypto, THIS IS NOT FOR YOU. Click on this link and go to GMGH blog instead… 😊.

Ok you have been warned…. So how is my Crypto investment so far?


I started investing in Crypto late last year around November and only started with a small amount of money. After testing the Crypto water, I decided to allocate a percentage of my portfolio to Crypto. Unfortunately, this means that main bulk of my Crypto funds went in early this year when the Crypto market capitalization was at all-time high (ATH). BTC and ETH was around $20K and $1.4K USD then. Yes, I am the unlucky ones that bought some ETH at almost all time high!!!

If you have been following the Crypto market, you will know that BTC and ETH dropped to about $7K and $400 USD respectively. That’s more than a 60% dropped from their ATH and my Crypto portfolio dropped by about 60% as well. That’s the single largest drop in any investment that I have undertaken so far. Imagine if you have invested $10k, you will see that turn into $4k in a span of a few weeks!!!!

Did I see that coming? Obviously no since I bought in at ATH. But I sure am prepared for such massive drop to happen. I invested in the Crypto market knowing fully that the it is very volatile with wild swings. Hence, I only invested what I can loss and do not need urgently. As a result, I didn’t have to panic sell during that period. In fact, I managed to pick up some cheap ETH during the drop. However, as my war chest for Crypto was not massive, my average price is still pretty high.

The Crypto market had picked up quite a bit in the past weeks with BTC and ETH going back to $9k and $700 USD respectively. With this recovery I am still in the red but less red…... maybe Pink…😆

Even though this crash is not good for my wallet, it's definitely good for my growth as an investor. During the period, I had to go through the emotional ride of the massive crash, and yet had to act against the crowd as well as my own fear and buy in when ETH seems like a falling knife. Did I make the right move? Will ETH move higher than my average price or suffer another massive crash? Only time will tell. For now, I will stay vested and the returns I get in terms of experience and growth most definitely outweigh the paper losses I am seeing now.

Happy Value Investing

Tuesday, April 24, 2018

My Dividend review

I have setup a target for my passive income about 2 years back. You can find the target that I have set for myself here and this post serves to do a quick health check on the goal. I find it very important to always review your goals periodically so that you don’t lose track of it.

At the end of 2017, I have around $90K invested with an average dividend of about 4%. This includes investment in bonds, stocks and crypto. This translated to about $300 a month of passive income which can cover quite a bit of fixed expenses like phone and internet bills. I am glad that I managed to meet the target I set for 2017 for a good start.

However, I have not made much progress since end of 2017. This is because I was just starting to learn about crypto investment and had spent most of my time looking at whitepapers and setting up crypto accounts. You can read about the start of my crypto investment here. I also feel that the SGX is overvalued and its getting difficult to find value stocks now. With another 3 quarters to go, it is going to be tough to hit my 2018 target of $120K investment @ 5% dividends.

Well this health check made me realize where I stand today and what I need to do to get closer to my goal. So wish me luck for the rest of 2018.

Happy Value Investing

Saturday, April 7, 2018

Have you filed your taxes?

Being in the Stocks and Crypto market. I am so glad that capital gain are not taxable in Singapore. Although there is not much gain to speak of seeing the correction and crash happening in the stock and Crypto market recently. Yes I am affected by the current crash....... :(

Well on a happier note, I will be getting a $14000 tax relief for this year filling. This is because of the voluntary CPF top up that I did last year. I did a $7000 top up for my Mom Retirement Account and $7000 for my Special Account.

To me it seems like a no brainer to do the CPF top up. I am not suggesting that everyone go do the CPF top after after seeing this post. I believe everyone financial circumstances are different and should always weigh your options before making any financial choices.

For me I do the top up for the following reasons.

Topping up for myself
1) 4% interest in Special Account
2) Tax rebate
3) To reach the Basic retirement sum fast as I am planning for a 2nd property purchase. You need to have the Basic retirement sum in your CPF before you can use the Ordinary Account for the 2nd property.

Topping up for my Mom
1) 6% interest in Retirement Account.
2) Tax rebate
2) My Mom is 60+ and is planning to receive CPF life payout in a year or 2. The top up is like a 4% fix deposit for my Mom. Best Deal!

In fact, I topped up another $7000 for my Mom this year. Are you also topping? If so whats your reason?

Happy Value Investing

Saturday, February 17, 2018

Happy Value New Year

Happy Chinese New Year! Huat Ahhhh!! May the year of the dog bring prosperity to the Stock and Crypto market! 

I have been super busy with the Chinese New Year preparation and Crypto investment that I am not blogging as much as I would like to. Hopefully I can blog more frequently this year.

Anyways, it's February again!! It has been 2 years since I embarked on the value portfolio and its time to re-balance my portfolio again. So far, the value portfolio has been doing decent and it has consistently outperformed STI index for the last year.

So, this year it’s the same routine exercise of screening SGX for stocks that meets my value criteria, buying those that are on it and selling those that are not. Below is a list of stocks that meets the criteria from my screen.

Disclaimer: This is not an investment advice and note that I do own some of the stocks in the list. You can see my portfolio to see what stocks I hold. Please do your own due diligence before doing any investment. 

Happy Value Investing

Saturday, February 10, 2018

Double Whammy!

Both the Stocks and crypto market plunges the last week.
The stocks market dropped by about 4% while the crypto market dropped about 50%.
Both are massive drop in their own sense. There were massive blood on the streets... and some of them were unfortunately mine.

So what did i do? I sit tight and buy more of what i think is a bargain. Buy the dip... :)
This is why you need a watchlist.

Stay Safe and Happy Value Investing

Friday, January 12, 2018

Crypto Investment update

I have started crypto investing a few months ago. You can see the post here on why I started. This year, I have decided to increase my position in the crypto space and had injected more funds at the beginning of the year. Till date my overall returns in about 3 months is about 40%. Pretty good for 3 months I would say. It was way better before but because of the new funds that I have injected, the return was significantly reduced. Let’s hope it gets better in 2018.

It seems like I was too slow in this decision and the bulk of my fresh funds are joining the crowd jumping on the bandwagon now sending the prices of many coins to crazy valuation (cough… ripple… cough…). The bulk of the people coming in have also caused exchanges like Coinhako and Binance to temporarily stop new registration. Fortunately I have my account registered and approved way earlier.

Because of the influx of people into the crypto world, it is getting increasing difficult to find multi-bagger coins in the market. Hence I am focusing on ICOs (Initial Coin Offering) to look for coins with potential, buy them at ICO prices and hopefully get higher returns. Of course along with it comes huge risk. The companies doing ICOs are tech startup trying to raise funds and most of them will fail!! What we can do is to do due diligence to reduce that risk.

2 coins where I will be putting my money on in January 2018 are Beetoken and Experty.

Bee token is essentially decentralized Airbnb with 0% commission. 0% sounds nice already but what I really liked about Bee token is the Bee protocol. It is a sharing economy protocol that they are building where other sharing economy can build on top of. I believe in sharing economy and it would be huge if the Bee protocol gets adopted by the industry.

Experty is a protocol that decentralized the “expert network” business and cut off the middleman. See below video for a quick ICO review.

Note that I am sharing this based on my personal opinion and does not constitute any investment advice. DYODD if you are keen and please do read their whitepaper before putting any money on the ICOs. Again only invest what you can lose and happy Cryptoing!