September 2010
3 posts
OCBC Monthly Savings Account (MSA123)
Source.
Reference: http://ping.fm/KNcdX
CIMB Promotion Fixed Deposits Rates
Previous Rates:
Source.
Reference: http://ping.fm/S6eUV
Decoupling the Mind from the Market: Inception...
“the postcard-perfect waterfall beach”
I caught the film “Inception” recently and was really intrigued by the concepts and themes explored in the film. You can read more about the film “Inception” here in Wikipedia. The films talks about many things about how in the future, we will be able to share dreams and to use them to extract information (and secrets) as well as to plant idea...
August 2010
7 posts
Hong Leong Finance (HLF) Fixed Deposit Promotion
Reference: http://ping.fm/SAYya
OCBC MSA Savings Account Interest Rates
Previous Rates
Reference: http://ping.fm/1xKXb
Last modified on 27/8/2010
Last modified on 27/8/2010
This post has been generated by Page2RSS
Reference: http://ping.fm/jlOKB
The $26 million dollar (less) man
The headline “Local businessman loses $26m at RWS casino over 3 days” is a sobering reminder of the possible consequences of a gambling approach to financial freedom.
What is staggering is the amount; but underlying this story is what can potentially happen to any of us when we take a gambling approach towards financial freedom.
I have been to the Resorts World Casino in Sentosa. It was an...
Mini Black Swans
“Black Swan” by Nita W
I am constantly reminded about the unpredictability of life. Yesterday one of my colleagues injured herself getting down from the bus and was on a week’s medical leave due to a fracture in one of her bones. Another colleague informed me that she was tendering her resignation because she wanted to pursue full-time studies to get her qualification.
What does...
Healthy, Wealthy and Wise
I came across Bodyrock TV on youtube and through surfing the net. The personal fitness lady who demonstrates the exercise routine has such a killer bod that I always feel my fats and love handles each time I watch one of her latest workouts. I used to be slightly unfit in JC, lost quite a lot of bodyfat during full-time NS times, went through periods of fitness and relative unfitness in my 20s to...
Up Close with Resorts World Singapore (Casino)
Resorts World in Sentosa, Singapore by Cloudywind
I was at the Resorts World Singapore Integrated Resort recently and stepped into the casino for the very first time. The occasion was my mother’s birthday and she was staying at Hard Rock Hotel for her birthday vacation with my father. My parents are social casino patrons who do visit Genting and those Casino Cruises on occasion given their...
July 2010
8 posts
Maybank Savings Rates (0.4% for iSavvy Savings...
Savings Account
First S$3,000
0.1875% p.a.
Next S$47,000
0.1875% p.a.
Remaining balance above S$50,000
0.25% p.a.
Effective from: 31 July 2010
Top
SaveUp Account
First S$3,000
0.1875% p.a..
Next S$47,000
0.25% p.a.
Remaining balance above S$50,000
0.3125% p.a.
Effective from: 31 July...
CIMB Bank Fixed Deposits Rates (Up to 1.30% for 24...
Personal Banking > Daily Banking
SGD Fixed Deposit Rates
Tenor
FD Promotion* :
$10,000 - $500,000
$1,000 - $99,999
$100,000 and above
1 Mth
-
0.100
0.100
2 Mths
-
0.120
0.150
3 Mths
-
0.150
0.230
6 Mths
-
0.250
0.400
9 Mths
-
0.300
0.500
12 Mths
0.900
0.300
0.500
18 Mths
-
0.600
0.800
24 Mths
1.300
0.875
1.000
Source: CIMB Bank Website
Reference:...
Working Beyond Retirement Age in Singapore
Tweak. by digitalpimp
MM Lee’s comments about retirement has highlighted about the changing paradigm of retirement, in that it is increasingly becoming less of an automatic ritual upon reaching a pre-defined age and more of a lifestyle choice.
Traditionally, retirement is an age where one is able to stop working, collect a pension and to take time to smell the roses and to take care of...
The End of The World As We Know It (TEOTWAWKI)
This post is somewhat chilling and may literally scare some readers who may not be mature enough to read it. You have been warned Read on to learn more about thinking about your own TEOWAWKI…
Survivalism and TEOWAWKI
When I was a teenager, I loved playing computer games. The Wizardry, Ultima series of fantasy dungeons and dragons type of role-playing games where where I got immersed into the...
Lifestyle Design and Retirement
The more I read about lifestyle design and think about how it applies to retirement, the more I realise that my paradigm on what constitutes retirement has fundamentally changed.
Previously, I used to think like what many of us did, that retirement was an age and it was not to work. But increasingly, my own research and reading of books such as Tim Ferriss’ “The Five Hour Workweek” and thinking...
Counting Your Net Assets and Making Your Life...
Buckhead home from flickr by The Gifted Photographer
I just made a significant mortgage loan payment using my CPF ordinary account which currently stands at $0.15 as at today. My special and medisave accounts are reasonably funded as there’s not many avenues for me to tap on those funds nor would I want to as they are meant for retirement and medical needs in the future.
Looking back, my...
Growing Happiness Using Money?
Photo by Alan Cleaver
If you dig a little deeper into your own intrinsic motivations for being financially free, it has its roots in trying to be happy.
We live in Singapore Inc. which is a place that worships money. Money makes Singapore go round and we need it to put food on the table, to pay our bills and to sustain our lifestyles. Yet, more and more studies show that while money and...
OCBC Happy Dollar Time Deposit Promotion
Reference: http://ping.fm/400K8
June 2010
9 posts
Wall Street the Movie 2010
I am looking forward to watching this film for the famous character Gordon Gekko who made the phrase popular:
“Greed is good”
Reference: http://ping.fm/62wof
State Bank of India (SBI) Savings/Current Account...
Reference: http://ping.fm/BFg0i
Last modified on 28/6/2010
Last modified on 28/6/2010
This post has been generated by Page2RSS
Reference: http://ping.fm/9x5dK
The Art of Learning and Financial Freedom
Flickr image “I am Here for the Learning Revolution” by Wesley Fryer
I’ve read the book, “The Art of Learning” by Josh Waitzkin and was completely blown away by some of his ideas as well as his personal achievements in the world of competitive chess and martial arts (Tai Chi Quan).
If you are interested to learn how we can learn better and to achieve peak performance in whatever...
Staying Invested or Staying Sidelined
The Black Swan challenge.
Interesting comments by Nicholas Nassim Taleb, author of “The Black Swan”.
If I adhere to what he says, I should exit equities except for pure punting plays and to invest in “hard assets” – metals or commodities as well as agricultural land.
Also to avoid long-term US Government bonds like the plague.
Interesting.
Be well and prosper.
Reference: http://ping.fm/uKfg2
Popular Personal Finance Posts for the Quarter
Fortune Favours the Bold: Taking Small Risks
Passive vs Active Income: Continuum vs Dichotomy
Guide to Financial Freedom
Sucker’s Choice in Financial Freedom
Reference: http://ping.fm/BDdcb
Untiming the Market
When you participate in the stock market, timing your purchases and sales is important. You want to buy low, hold and sell high. Or you want to sell high and buy low or you want to buy a dividend paying share at a low price.
In order to buy or sell at the price you want, some form of market timing is inevitable. But how do we do time the market? You Cannot Time the Market (All the Time)
One of...
Last modified on 26/5/2010
Last modified on 26/5/2010
This post has been generated by Page2RSS
Reference: http://ping.fm/YPjGH
SCB Standchart Bank esavers New Promotional Rates
FAQ
Terms and Conditions
Reference: http://ping.fm/WPFZP
May 2010
14 posts
How to Manage Change in Financial Freedom
Hilton Corniche Apartments, Abu Dhabi, UAE by U-g-g-boy
I have spent the long weekend shifting from my current place to my new place. It has been a tiring but interesting journey in finding out about managing change in financial freedom.
Changes in life are inevitable. As we progress along this journey towards financial freedom, things change all the time. Our financial situation, our health,...
Luck in Financial Freedom
“Hope - Faith - Love - Luck “Flickr image by Funchye
The more I journey towards financial freedom, the more I believe in luck or fate in helping or hindering us towards our goal to be financially free.
Why do I say that?
Luck, Chance of Fate
There is an element of luck or chance in life. The way we are born. The way we are endowed with certain gifts or talents (or lack thereof)....
Maybank Privilege Plus Savings Account (up to...
Reference: http://ping.fm/7MMWE
Standard Chartered Bank eSavers Rates
Previous rates:
Reference: http://ping.fm/7qquG
RHB Trio Account Rates
Previous Rates:
Reference: http://ping.fm/QQUM1
Panzer’s Net Worth Worksheet on Google Docs
Dear friends
If you are interested in my simple net worth worksheet to help you compute your net assets or liabilities position. You can get it here via google docs.
Be well and prosper.
Reference: http://ping.fm/fvlOO
Younger People and Living Within Your Means
Flickr image “Debt” by alancleaver_2000
This Channelnewsasia report “Younger Singaporeans Biggest Debt Defaulters” is cause for concern. The report shares how younger people in their 21-29 age group have a debt default rate of 7.16% versus 3% for all other age groups.
What this means is that more and more younger people are starting to live beyond their means. There are still many...
Extinction Level Event (ELE) in Financial Freedom
“Dinosaur” by kevindooley on Flickr
If you watch enough films such as “Armageddon” or “Deep Impact” that talk about meteorites hitting the earth and wiping out the human race, you will find the term ELE or extinction level event familiar.
It refers to disasters of such epic proportions that an entire species e.g. the dinosaurs, can be wiped out quickly.
Why am I talking about ELE...
Childlike Curiosity in Financial Freedom
Flickr image “Children, full of happiness” by HAMED MASOUMI
My own daughter continues to teach me as she grows up how important a child-like curiosity about the world is to becoming financially free.
At two years plus, she has the energy to explore the entire home and to play with all types of objects ranging from common house furniture to her daddy’s old gadgets and CDs in addition...
UOB Savings Account Promotion (up to 0.7% pa)
Source.
Reference: http://ping.fm/r0pcJ
CIMB Fixed Deposits Rates for 24 mths tenure...
Source
Previous rates:
Reference: http://ping.fm/N7pm9
Reductionism: How I Almost Missed the Forest for...
Flickr image “Hoh Rain Forest” by Lukas Fittal
When I first started out on this journey towards financial freedom, I was focussed on living within your means, saving and investing as well as growing and protecting your means.
These are still the pillars behind my strategy to achieve financial freedom, but I forgot to take into consideration the big picture, the why and reason for...
Citibank Step-Up Interest Account
Previous Rates
Reference: http://ping.fm/ldtcX
Meeting Koh Boon Hwee: My First Annual-General...
Having started investing in shares since 2003, I finally did what a shareholder is expected to do, that is to attend an annual general meeting and actually vote on the ordinary and special resolutions at the meeting with management and the Board of Directors of the business.
30 April 2010 2.00 P.M. was the Annual General Meeting for DBS group holdings. I have been an on-off investor in this...
April 2010
9 posts
Singapore’s Third Casino: Singapore Exchange
Flickr image “Marina Bay Sands” by chooyutshing
Singapore’s Second Casino Integrated Resort Marina Bay Sands will be opening today at 3:18 P.M. following Resort World Singapore’s opening of the first casino in Singapore.
Did you know that these two Integrated Resorts are not the first casinos in Singapore? We already have one of the biggest and the best Casinos over in Singapore and...
OCBC Happy Savings Draw
Source.
Reference: http://ping.fm/fKqMU
Financial Freedom Lessons from an Egg Sandwich
Flickr image Egg Sandwich by amanky
I am continually amazed at the power of the mind to control our destiny.
I thought for a change that I’d make my own lunches this week as work is getting busier and I wanted to experiment if I could actually make wholesome healthy lunches just using the office microwave and nearby supermarket.
I bought fresh eggs, lettuce, bread, cheese and ham that are...
Hong Leong Finance Golden 55 Plus Fixed Deposits
Golden 55 Plus
Features
Ease into your golden years with confidence. Our Golden 55 Plus Fixed Deposit for senior citizens earns you attractive interest. The interest earned is credited monthly directly to your linked Savings account for your easy access, giving you the flexibility to use the cash as you please. Alternatively, you can leave it to earn more interest in the Savings...
Hong Leong Finance Silver 40 Plus Fixed Deposits
Interest Rates
Tenor
(Months)
Interest Rates*
(% per annum)
Maturity Bonus*
(%)
Effective Rate
(% per annum)
6
0.385
5.000
0.40
8
0.385
5.000
0.40
9
0.430
5.000
0.45
*Applicable to depositors aged 40 years old and above. For deposit amount of S$50,001 to S$999,999. No premature withdrawal penalty. Depositors are entitled the Maturity Bonus on the Fixed Deposit Interest...
Happy Birthday to Panzer
Flickr image “Birthday Cake” by 3liz4
My birthday is this week and I’m coming closer to 40 than 30 this year.
Birthdays are starting to take a more interesting turn because I am getting older. Instead of birthday cake and wishes upon blown candles, my birthday wishes are more grounded in achieving financial independence, happiness and health for myself and my loved ones.
...
CIMB Bank Fixed Deposits Promotion
More details here.
Reference: http://ping.fm/wFGxl
Sucker’s Choice in Financial Freedom
Flickr image “Sucker Head” by Brit.
I just attended some corporate training on communication skills and learnt about the false dichotomy known as “Sucker’s Choice”.
What is Sucker’s Choice?
The concept of sucker’s choice is straightforward. In times when we are under pressure and stress, we are subject to physiological changes in our body (i.e. the flight or fight reflex) that...
Last modified on 29/3/2010
Last modified on 29/3/2010
This post has been generated by Page2RSS
Reference: http://ping.fm/twGpt