Author: Singaporean Talks Money

Investing is RISKY yet REWARDING

A few weeks ago, TODAY came out with an article titled “Investing in stocks can be risky, but rewarding.” (read it here!) The article roughly covers on how in 2008, the market crashed. And STI rose to a high before dropping again in mid November 2018. The article also wrote that in the long term no other products perform better than stocks. However, to make it work, an individual would need to have a plan. One way is to not be so affected by fluctuations and if you are in your 20s or 30s, you can recover from short...

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Christmas, the season of giving (SPENDING!)

Christmas is almost HEREEEEEEE and it definitely is a very festive holiday as it marks not only the birth of Jesus Christ but also as the season of giving. My mum loves getting gifts for people because she feels that people have been nice to her and it’s the time for her to give back and show thanks.   This year, her favourite place to get all her gifts was at a supermarket called Meidi-ya at Liang Court. Some of the interesting things there were Latte Jam, Matcha Jam, Royal Milk Tea Jam Small cute bottles of truffle oil...

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Simple Meal Prep for work – How much is it?

So I just started work recently and am into my first month of work. I wrote previously that my colleagues do spend quite a lot for lunch and so for this week, I have decided to prepare my lunches for three days so the other two days I would eat out with my colleagues. \ If you haven’t read about that, maybe you should check it out: Updates on my first week at my new job – Expenses, Colleagues and Environment  For the week, I prepared pasta with chicken and an egg for each day. Not a very balanced...

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Our staple rice is getting too expensive?

I eat rice everyday and chicken rice at least once per week. I never took notice of rice except that farming it was a tough process. I didn’t know that there is currently a lesser amount of rice being harvested due the drought and therefore causing diversification of crops by the farmers in Thailand. Thailand is known for producing rice however, recently due to droughts, rice can only be harvested once per year as compared to 3 times per year usually. Therefore the government is trying to ask farmers to plant less water dependent crops. Another problem is that...

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Money lessons learned not through cash but through apps

This article was recently posted on TODAYonline (article) writing about how parents have embraced giving cash and allowances to their children through online and apps. They also use these apps to teach their children about about the value of money. Singapore has a similar system which is the POSB buddy smart system (source 1, source 2). Kids these days really learn everything so differently and adults have to adjust their teaching styles. Though I find it a great initiative, one sad thing is that parents will be able to track all of their expenses. I remember when I was...

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Do poor people make poorer financial decisions?

A few days ago, this article came out which roughly summaries on why poor people tend to make not so smart choices due to tunnel vision or that you need to make short-term decisions rather than to plan for the long term. I do know that poverty can strip a lot of opportunities and chances for an individual but I never knew that it can affect the cognitive aspect of the individual as mentioned in the article:“Research from Princeton University has claimed that the dip in cognitive function in a person preoccupied with money problems is similar to a...

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Updates on my first week at my new job – Expenses, Colleagues and Environment

So I have just concluded my first week of work and I got to say that it is much more demanding than school. School allows you to set your own targets and to achieve them but work is a little different in that the targets are set by your bosses and it’s up to you to achieve it (not knowing your boss expects what kinda standard) HAHA. Environment I have realised that doing overtime is considered normal in the company I am working in. My colleagues tend to OT till about quite late and currently my workload is okay...

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Is the grass always greener on the other side – Malaysians working in Singapore

I went to JB with my friends recently and in Johor Bahru City Square, I saw posters of recruitment for F&B outlets as well as retail. They were mostly offering RM 1200 to 1800. It is then no surprise why most Malaysians are willing to come over to Singapore to work instead but with Singapore’s high cost of living, is it worth the travel? Transport Transport can be taxing on those who travel back to Malaysia every single day. The time spent is one thing but the journey really drains you out. I have been to JB a few...

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Smaller Social Circle of Friends As you Grow Older?

My brother flew overseas for his studies and my mum went along as well. So, I was alone at home for about 2 weeks recently. It’s not my first time being all alone at home but definitely, one of the few times. Of course, the first few days were great, watching all the dramas online and eating whatever I wanted. But slowly, I found myself getting a little too lazy and also, frequently skipping meals as I was lazy to prepare or to go down to get food. I went out for dinners about 2 times with my polytechnic...

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Financial tips for Millennials – Getting to your first $100 000

I came across this article on Straits Times which wrote about millennial’s financial status and how we can go about managing our finances. It starts off mentioning that millennial, aged 22-37 years old have actually started saving early as compared to the baby bloomers (1946 and 1964) and Gen X (born after the baby boomers but before the 1980s). They gave 9 main tips to how millennials can go about about managing their finances. 1. Start early 2. Cultivate proper money management habits 3. Set financial goals4. Set aside emergency funds5. Avoid bad debts6. Think health insurance7. Consider compounding8....

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Gotten a new job but it’s a contract job – Are contract jobs inferior to full-time jobs?

I have recently landed myself a job which I would start around the second week of November. It is a HR executive position with a bank however it is a contract position. I have realised that most people wouldn’t want a contract job, for example, my mum was pretty opposed against me taking up a contract job. She felt that there is no job stability and that the benefits of a contract worker is definitely not as good as a full-time permanent staff. Well, I do agree with her on those 2 points. A contract job definitely wasn’t on...

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Updates on portfolio

Time flies, we are now in the month of November and 2018 will end in 2 months times. My friends and I were still talking about how we spend our new year this year at Changi Village with all the fireworks display and all. Time sure flies especially when we are young. For my portfolio so far, it is down 13% so far without including dividends. Of course, during this period, many stocks have a attractive prices and I am tempted to get more. But due to a shortage of funds in my war chest, I will not be...

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$1.06 billion JACKPOT! – What would you do?

So recently in the news, it came out that in the United States, someone bought a winning ticket to US 1.6 billion dollars as the prize. WOW, I wonder how the person would feel when he/she realizes that he has the winning ticket. He would be panicking or maybe scared. My mum has been an avid fan of the lottery over here in Singapore as well, as like many other Singaporeans. She used to buy 4D quite frequently but nowadays she just buys TOTO and to be honest some times the amount she buys can be a little high...

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Finished School, What’s Next?

I have just ended my final exams of my university life today. I mean I have been looking forward to this day since the time I started university. HAHA, sounds crazy but I think it’s only after you have lost something, do you miss it and wish it didn’t end. I came across this really interesting barchart the other day. Before I started university, everyone was telling me a degree is essentially in today’s world to advance onto greater things so I did see myself as wanting to get a degree. After enrolling, I enjoyed my time in school...

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Is a Recession Heading our Way, Updates on My Life as well.

So I was having dinner recently with my aunt and uncles, then the topic came up about money in the stock market. My aunt who frequently buys stocks started telling us that a recession will be coming soon. I was thinking in my head wow, what a thing to say. Maybe to people who have gone through it before, they do know when it’s coming. But to me, I don’t really know how to tell if a recession is coming. (Time for more reading up) I will be graduating unofficially this November, I started my job search awhile back...

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