Author: My Sweet Retirement

CIMB Fixed Deposit Promotion Makes Your Money Work, Not You!

I like the way CIMB says “Your money should work, not you!“. Following my previous post on “Fifty Six Percent Invested Forty Four Percent Cash“, I do have some spare cash to place into a fixed deposit or Singapore Savings Bonds. Both are brainless, effortless investments where you sit and wait till maturity to earn the interests. If you remember, CIMB offers a fixed deposit promotion during Chinese New Year whereby you can get up to 1.90% interest per annum if you do a placement for 12 months online. It seems that this promotion is here to stay as...

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Challenger Technologies Delisting

It has almost been four years since I did a analysis on Challenger Technologies (Read more: My Personal Analysis of Challenger Technologies). This week, Challenger Technologies announced that it intend to delist from the SGX with Digileap Capital making a cash exit offer of all shares at an exit offer price of S$0.56 per share. In their announcement which you can find on SGX, Challenger Technologies highlighted that the exit offer price of S$0.56 in cash per share represents an opportunity for shareholders to realize their entire investment in Challenger, which may otherwise be difficult due to the low...

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Fifty Six Percent Invested Forty Four Percent Cash

The last time I checked my cash level was in November 2018 where I have only 31% cash on hand and 69% was invested in stocks. If you didn’t know, I considered monies in my DBS Multiplier Savings Account, Singapore Savings Bonds (SSB) and cash benefits payouts from NTUC Revosave as “Cash”. These are monies that I can easily redeem in event of an investment opportunity or in terms of emergency such as a job retrenchment etc. “Investments” are stocks and REITs that I have bought. If you wonder why I am plotting the above pie chart to track...

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My Sweet Retirement Switches to Open Electricity Retailer

I am glad that the area that I am staying in is finally eligible to switch over to the open electricity market where I can choose my electricity retailer. There are currently two standard price plans which are the Fixed Price Plan and Discount Off the Regulated Tariff Plan. For the Fixed Price Plan, you pay a fixed rate throughout the contract period of either 6, 12 or 24 months. For the Discount Off the Regulated Tariff Plan, the rate you pay will change as the regulated tariff is adjusted every three months (quarterly). You get a fixed discount...

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April 2019 Singapore Savings Bonds is 2.18%

The effective interest rate for April 2019 Singapore Savings Bonds (GX19040X) is 2.16% if you held it for 10 years. As you can see from the chart above, the effective interest rate has dipped further from 2.18% to a pathetic 2.16%. Nevertheless, as usual, I shall be allocating a portion of my monthly salary into safe haven as the Singapore Savings Bonds acts as a form of emergency fund when the need arises. If you didn’t know yet, SRS applications for Savings Bonds open from March and individual limit has doubled to $200,000. I personally felt that the introduction of...

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Summary of February 2019 Transactions

This is a short month and here we are at the end of the month again to summarize my stock portfolio again. Earlier this month, I was pretty busy with Chinese New Year activities such as spring cleaning and visiting friends and relatives. I did not make any buy or sell transaction this month. I have strictly followed my routine of purchasing the Singapore Savings Bonds. Other than using cash to purchase Singapore Savings Bonds, I have used my Supplementary Retirement Scheme funds to purchase as well since the Singapore Savings Bonds offer higher interest rate. I shall be...

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Reviewing My Personal Analysis of SPH REIT

When I wrote about SPH Reit two years ago, SPH Reit only has two assets in its portfolio which are Paragon and The Clementi Mall. Back then, there was news that SPH Reit will add Seletar Mall to its portfolio but till date, it has not actualize. As of today, SPH Reit has include two new properties in its portfolio, which is The Rail Mall and Figtree Grove Shopping Centre. The Rail Mall SPH Reit acquired The Rail Mall on 28th June 2018 at S$63.2 million. Based on what I have gathered, 40% of the tenants are F&B restaurant...

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VICOM Declares Special Dividend

VICOM has announced their FY18 full year results on 11th February 2019. I do not own VICOM in my stock portfolio, however I have previously added VICOM to my wife’s stock portfolio as the stock price of VICOM is fairly stable and requires little monitoring. If you did not know, VICOM is a subsidiary of ComfortDelgro.  VICOM currently makes up 11 percent of my wife’s entire stock portfolio. The financial results was a piece of good news as a final dividend of 23.17 cents and special dividend of 8.62 cents was declared. Based on the current share price of S$6.28,...

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VICOM Declares Special Dividend

VICOM has announced their FY18 full year results on 11th February 2019. I do not own VICOM in my stock portfolio, however I have previously added VICOM to my wife’s stock portfolio as the stock price of VICOM is fairly stable and requires little monitoring. If you did not know, VICOM is a subsidiary of ComfortDelgro.  VICOM currently makes up 11 percent of my wife’s entire stock portfolio. The financial results was a piece of good news as a final dividend of 23.17 cents and special dividend of 8.62 cents was declared. Based on the current share price of S$6.28,...

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Free 2GB of Mobile Data Per Day

TPG Mobile is offering a free 12 months trial on their mobile service right now. I bet no Telcos in Singapore can offer you free 2GB of mobile data per day except TPG mobile. My current mobile plan offers only 3GB of data per month! For those who are interested to sign up for the free trial, you can do so at their website. But please do take note that the registration is closed once they have enough registrations for the day. Even though their website has mentioned that they will open registration daily at 9am, the registration remained...

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Free 2GB of Mobile Data Per Day

TPG Mobile is offering a free 12 months trial on their mobile service right now. I bet no Telcos in Singapore can offer you free 2GB of mobile data per day except TPG mobile. My current mobile plan offers only 3GB of data per month! For those who are interested to sign up for the free trial, you can do so at their website. But please do take note that the registration is closed once they have enough registrations for the day. Even though their website has mentioned that they will open registration daily at 9am, the registration remained...

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Singtel Power Fixed Price Plans

This is probably old news. I only found out today that Singtel and Geneco has announced a partnership on 10th January 2019 to offer Geneco electricity plans. Singtel will be reselling these plans through Singtel Power. Since the electricity re-seller scheme has not been rolled out in the area that I am staying, I am still paying for electricity to SP Power (SP Group). Below is the plan advertised by Singtel Power which looks very attractive to me as it offers up to 30% savings. Fixed Price plans Fixed Price plans Discount off the Regulated Tariff plan Contract term...

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Singtel Power Fixed Price Plans

This is probably old news. I only found out today that Singtel and Geneco has announced a partnership on 10th January 2019 to offer Geneco electricity plans. Singtel will be reselling these plans through Singtel Power. Since the electricity re-seller scheme has not been rolled out in the area that I am staying, I am still paying for electricity to SP Power (SP Group). Below is the plan advertised by Singtel Power which looks very attractive to me as it offers up to 30% savings. Fixed Price plans Fixed Price plans Discount off the Regulated Tariff plan Contract term...

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12 Months Time Deposit Promotion Earns You 2.05%

While I thought CIMB currently offer the best fixed deposit promotion at 1.90% per annum, I found another fixed deposit promotion that offers even higher interest rate at 2.05% per annum! Maybank offers an interest rate of 2.05% per annum for 12 months time deposit. The promotion has been ongoing since 17 January 2019 and I wonder why I didn’t find this when I googled for fixed deposit promotions. As mentioned previously, with the interest rates of Singapore Savings Bonds declining, short term fixed deposits may not be a bad idea to park your money which easily earns you...

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CIMB Chinese New Year 2019 Fixed Deposit Promotion

Looking for somewhere to park your Ang Bao money? Well, I always looked for Chinese New Year Fixed Deposit Promotions every year during this festive season. However, there are not many banks offering special higher interest rates because of Chinese New Year. The best one I have found so far is from CIMB Bank. CIMB Bank is offering an interest rate of up to 1.90% per annum. This is in fact the same as what CIMB has offered during their Birthday celebration and last year Christmas. With the interest rates of Singapore Savings Bonds declining, CIMB’s fixed deposit promotion...

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