Second month into my expense tracking and I’m starting to get use to doing this. My total expenses for November is up to $3151.21 (including fixed expenses of $1900.99). While I didn’t manage to reduce my variable expenses by half like I wanted to, I’m glad to find that many one-off expenses were greatly reduced. November’s…
When I bought 3 lots of Singapore Post Limited (SingPost) 2 year ago at a cost price $1.149 per share, it was a pure dividend play. A no-brainer really, to put money in a stable stock that has been consistently distributing around 5% dividend yield every year. This all changed after Alibaba acquired a 10.35 per…
On the way to the Sydney airport for my flight back to Singapore, I had an interesting conversation with the taxi driver who picked me up. Let’s call him, R. His life history R is a 50 year old Australia who used to be a Russian military officer. When the Russian military ordered R to…
I’ve covered what are annuities and what they could do for your retirement portfolio in my earlier post. In this post, I want to provide a different perspective about annuities and why you may not want to have them in your retirement portfolio to give an all-round view about annuities. Like all financial products, there…
An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future (Investopedia). The disbursements can be made for a specific period of time or for the rest…
As the world’s most expensive city to live in, Singapore is not an easy place to plan for your retirement. Retiring in a less developed country could easily accelerate your retirement plans as you would require much lower monthly expenses. If you could retire in another country, where would you go? Having backpacked in many countries,…
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