Author: My Sweet Retirement

Book Review: GRIT – Why Passion and Resilience are The Secrets to Success

I have been reading this book recently that leaves me pondering. How did some financial bloggers achieve F.I.R.E (Financial Independence, Retire Early)? How did some people become successful at work and get their job promotion? How did some entrepreneurs become so successful at their startup? I spoke to some of my friends about these questions. They told me it is related to “Talent” or “Fate” and if you are not talented at stock investing, you will not achieve F.I.R.E. Their answers definitely are not satisfying. I found my answers in this book I found. This title of the book...

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My Sweet Retirement Tops Up Medisave Account Using Cash

If you didn’t know yet, the basic healthcare sum (BHS) has increased from S$54,500 in 2018 to S$57,200 in 2019. Based on information from the CPF website, monies in the Medisave Account (MA) and Special Account (SA) earns up up to 5% interest rate per annum. Monies in the Ordinary Account (OA) earns up to 3.5% interest per annum. With the increase in limit for the basic healthcare sum (BHS), we can take the opportunity to top up our Medisave Account (MA) using cash. There are several benefits of hitting the current limit (S$57,200) of your Medisave Account: Tax...

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February 2019 Singapore Savings Bonds is 2.20%

I must say this is not a fantastic start for Singapore Savings Bonds for the start of the new year 2019. The effective interest rate for February 2019 Singapore Savings Bonds (GX19020V) is 2.20% if you held it for 10 years. As you can see from the chart above, the effective interest rate has dipped from 2.45% to a pathetic 2.20%. However, as usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. I am excited this year as I will...

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My Sweet Retirement Annual Review of 2018

Today is the last day of the year 2018 and tomorrow we are welcoming the year 2019. It is also during this same time whereby I do some self reflection across my investments, work and family. Personally I felt that the overall stock market this year was a roller coaster ride impacted by the US trade war with China, US government shutdown etc. All these events seems to have send negative reactions across stocks markets. These world wide events has strengthen my believe as a dividend investor whereby the worst case is that you still get paid dividends when...

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Book Review: Everyday Tidiness – 365 Ways to a Decluttered Life

As the year 2018 comes to an end and we are welcoming the year 2019, I started to think about what I want to do in 2019. Recently, I came across this book at the National Library. The title is “Everyday Tidiness – 365 Ways to a Decluttered Life“. It is a simple book that provides a tidying tip, a decluttering exercise or inspirational quote for every day of the year. I am halfway reading the book and one of the thing I have done immediately is to throw away or recycle some things that is taking up space...

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My Sweet Retirement Wishes You A Merry Christmas

Today is Christmas Eve and I believe most of us are taking a break from work to celebrate and enjoy this moment with our families and loved ones. Since I started My Sweet Retirement in the year 2015, this is the 4th Christmas that I am celebrating with you all as readers of my personal blog or website. I hope all of you have gained something from my personal analysis of stocks or learnt from the mistakes that I have made in my investments and not repeat my footsteps. Some of you have left encouraging comments which has inspired...

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Purchase Singapore Savings Bonds with SRS in 2019

With the year of 2018 coming to an end soon, there is an excellent piece of good news that I will like to share. You probably have read it as other financial bloggers have wrote about it. If you didn’t know yet, in the near future, you can purchase Singapore Savings Bonds using your Supplementary Retirement Scheme funds with effect from 1st February 2019! The current individual limit of S$100,000 have also been increased to S$200,000, inclusive of purchases with cash and Supplementary Retirement Scheme funds. Personally, I felt that this is an excellent improvement to the Singapore Savings...

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Purchase Singapore Savings Bonds with SRS in 2019

With the year of 2018 coming to an end soon, there is an excellent piece of good news that I will like to share. You probably have read it as other financial bloggers have wrote about it. If you didn’t know yet, in the near future, you can purchase Singapore Savings Bonds using your Supplementary Retirement Scheme funds with effect from 1st February 2019! The current individual limit of S$100,000 have also been increased to S$200,000, inclusive of purchases with cash and Supplementary Retirement Scheme funds. Personally, I felt that this is an excellent improvement to the Singapore Savings...

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My Sweet Retirement Top 10 Financial Posts in 2018

We are finally in the last month of the year 2018! When I started MySweetRetirement website, I have never expected to make it so far. Given my busy work schedule, I only have time to do research and analyze stocks at night. Writing personal analysis of stocks allows some form of structured thinking and guidance towards my final decision whether to invest or not to invest in those stocks I found. At the end of every month, I will review and update my stock portfolio. This allows me to have a quick overview of my investments and not over-allocating...

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My Sweet Retirement Top 10 Financial Posts in 2018

We are finally in the last month of the year 2018! When I started MySweetRetirement website, I have never expected to make it so far. Given my busy work schedule, I only have time to do research and analyze stocks at night. Writing personal analysis of stocks allows some form of structured thinking and guidance towards my final decision whether to invest or not to invest in those stocks I found. At the end of every month, I will review and update my stock portfolio. This allows me to have a quick overview of my investments and not over-allocating...

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January 2019 Singapore Savings Bonds is 2.45%

The effective interest rate for January 2019 Singapore Savings Bonds (GX19010T) is 2.45% if you held it for 10 years. As usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for January 2019 Singapore Savings Bonds, the next payout will be July 2019 and January 2020 respectively. If you own a DBS Multiplier Account, you can also apply the hack to earn...

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January 2019 Singapore Savings Bonds is 2.45%

The effective interest rate for January 2019 Singapore Savings Bonds (GX19010T) is 2.45% if you held it for 10 years. As usual, I shall be allocating a portion of my monthly salary into safe haven. Singapore Savings Bonds acts as a form of emergency fund when the need arises. If you didn’t know, Singapore Savings Bonds pays out interest every 6 months. Thus, if you have subscribed for January 2019 Singapore Savings Bonds, the next payout will be July 2019 and January 2020 respectively. If you own a DBS Multiplier Account, you can also apply the hack to earn...

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Summary of November 2018 Transactions

November is ending soon and we will be in the last month of the year 2018. There is basically no major changes to my stock portfolio as I have not sold or added new stocks to my portfolio except for the monthly routine of allocating some cash aside for Singapore Savings Bonds. As such, the percentage of Singapore Savings Bonds crept up from the previous 16% to current 17%. As the festive season gets closer, I am expecting my expenses to crept up this month and next month due to purchase of gifts for friends and my family. I...

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Singtel Regional Associate Earnings Fell 23 Percent in Q2FY19

I can see why Singtel’s share price has plunged as low as S$3.08 recently. According to Singtel’s latest quarter financial results, The associates’ post-tax profit contributions declined 23% mainly from Airtel and Telkomsel in Q2FY19. The contributions from the associates were also negatively impacted by the strong Singapore Dollar. As mentioned in My Personal Analysis of Singtel, 48% of Singtel’s net profit comes from its Regional Associates which consists of Airtel, AIS, Telkomsel and Globe. From the presentation slide from Singtel below, I can see that the two regional associates, Telkomsel, the indonesian Telco and India based Telco, Bharti contributed to...

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Sixty Nine Percent Invested Thirty One Percent Cash

The last time I checked how much have I invested versus how much cash I have on hand was almost 5 months ago which was in June 2018. At that point, I held thirty five percent cash and sixty five percent invested. As of 17 November 2018, I held 31 percent cash and my investment makes up sixty nine percent. Knowing how much cash I have on hand is important as I know usually this is the period where the festive season is nearing and my expenses will increase due to buying Christmas presents and eating out at restaurants...

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