Recently, the local crowdfunding scene has received a great boost in terms of regulation, as the national financial regulator, Monetary Authority of Singapore (MAS), just made changes to the rules concerning equity-based crowdfunding and debt-based crowdfunding. This is clearly due to the fact that crowdfunding would be here to stay in the global scene and to be …
Will it be safer when MAS regulate Singapore Crowdfunding Read More »
If you set out to make a list of one of the greatest entrepreneurs of the current generation and list it based on humble background, struggle, hard work and ultimate growth, then your list will have Jack Ma’s name on the top. The epitome of the entrepreneurship spirit, Jack Ma has truly lived an inspiring …
Advice from Jack Ma to Young People on how to Live your Life Read More »
ETFs It is an Investment Instrument – a stock market tool. It tracks a bunch of securities’ prices. Its value is pegged to the underlying securities’ price it is tracking. It allows you to buy and sell hundreds of companies’ securities with just one purchase It purchases individual securities based on a specific index’s composite …
Not a lot of things in this world are better when it gets older. But some products out there are deemed more valuable, the older they get. Wine is a great example of such a product. People’s fascination for wine has just increased over the years and it has become something of major value. It …
Repayment of CPF Housing Loan’s Accrued Interest How your Housing Loan work? You decided to buy a home for $500,000. As you do not have the full $500,000, you decided to take on a $400,000 loan from CPF (CPF Board) to buy the house (80% loan quantum). The remaining $100,000 you will pay with your …
Things you MUST know about using CPF for Housing Loan Read More »
There are many articles and books out there on getting out of a rat race with many still unclear of this particular race that is “unscrupulous and sucking the life energy out of many working adults”. It is definitely no mystery since we are all wired into believing that it is a normal cycle to …
There are bucket loads of Investment options available to the retail investor in Singapore and it can be mind boggling to consume all that content and try to make a decision. An investment decision is hard to make as you are putting your money to double it or triple and not erode it. Talking about …
One of the most evergreen questions that every generation in Singapore will ask themselves, Do I really need Insurance? Let’s just for once and for all, quell all myths and doubts that are around personal Insurance. Most common questions answered What is Insurance? Insurance is an amount of money you pay on monthly, quarterly, half-yearly …
If you are in your early 20s, you might want to start planning your finances – you do not really have a long way till retirement. Early financial planning can help you in the long run, particularly due to what we call the “power of compounding”. 5 THINGS YOU NEED TO START DOING now! …
5 Things You Need to Start Doing to Improve your Financial Standing Read More »
The Central Provident Funds (CPF), is a “social security system that enables working Singapore Citizens and Permanent Residents to set aside funds for retirement. It also addresses healthcare, home ownership, family protection and asset enhancement.” “CPF Overview”. Cpf.gov.sg. N.p., 2016. Web. 29 Mar. 2016. While most people believe that CPF is only meant for the …
Advice to the young from Hong Kong’s richest man – Li Ka Shing. He talks about splitting our income into 5 parts. 30% – Living expenses. (i.e Food, transport) 20% – Social expenses. (i.e Phone bills, socialising) 15% – Education & Self-improvement. 10% – Travelling abroad. 25% – Investments, for savings or for starting a business. …
Advice to the young from Hong Kong’s richest man – Li Ka Shing Read More »
It’s been spoken about a lot and we are part of the sharing economy. What is the sharing economy? The sharing economy is when people share products and services. A perfect example of this is Uber, where people share the services of a cab and hence everybody benefits. Another great example of why the sharing economy …
