Monthly Archives: October 2006

Saving early for your child’s education at the University

We worry whether we have the money to see our child through the university. This is real because the university tuition fees are rising over the years due to inflationary pressures.  Let’s work out illustrations to show how much is … Continue reading

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The Power of Letting Go and Forgiveness

Most of us spent the bulk of waking hours in office/work place. As in any social interaction, human to human contact can result in conflicts between colleagues. In such a situation, we always brood over the encounter, playing it out … Continue reading

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Consider investing in Unit Trusts

If you wanted to invest in a basket of financial assets, e.g. shares and bonds, in order to spread your risk over these assets, consider buying unit trusts. For a low sum, e.g. $1,000 you can invest in a unit … Continue reading

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Invest in property of foreign land with extreme care

This is a real case of one who has been through it and several valuable lessons were learned, though painfully.  In May 1996 (during the rise of the property prices in Singapore before the burst of the property bubble), a … Continue reading

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Consider investing in Singapore Government Bonds (SGS Bonds)

Bonds are like long term IOUs issued by government, or government agencies or corporate entities with varying risks. It is safe to say that the risk of default by the issuer of bonds of government is lower than government agency … Continue reading

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Contribute towards Supplementary Retirement Scheme

Besides contribution to the Central Provident Fund (CPF) and if you have spare cash which you do not need until you retire at the statutory retirement age of 62, you may want to place some money in the Supplementary Retirement … Continue reading

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Search out for better interest rates for cash balances

If you have cash balances either sitting in your bank accounts or CPF Ordinary Account, you may want to make your cash balances work harder earning you better interest rates.  Bank Accounts  Most of us have POSB savings account or … Continue reading

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