Other Money Mattersat Salary.sg – Your Salary in Singapore |
In case you’ve forgotten, the employer CPF contribution has just been increased from 13% to 14.5% (effective 1 July).
If your gross income is $4,500 or more, this increase translates to, heh, an additional $67.50 to your CPF accounts each month. In fact, your Ordinary Account will get $45 and the remaining $22.50 goes to your [...]
The results of a survey conducted by SPH Research show that Singaporeans are most worried about cost of living and least worried about the need to travel abroad for work.
The following is the list of top concerns, ranked by importance (figure in brackets is the percentage of respondents who indicated they are worried about [...]
While we’re still talking about investing in funds, the Business Times published a very interesting article by Larry Haverkamp, who is perhaps better known as Dr Money of the New Paper.
Larry did a study on some 325 funds in the CPF Investment Scheme (CPFIS).
He found that, not surprisingly, fund returns are random from year [...]
Tan Kin Lian has this advice for us in his weekly column in My Paper: buy low-cost index funds. He cited an analysis done by John Bogle of the Vanguard Group.
According to Bogle’s analysis of 355 funds, which work in the same way as our unit trusts and more recently “structured products”, only a miserable [...]
In today’s Sunday Times, the personal career adviser gave a 19-year-old girl this answer: go for Cambridge.
However, it won’t be an easy decision for the girl, as “it would be an extremely heavy financial burden” on her family.
The costs and fees for an international student at Cambridge include:
Tuition fees. This depends on the type of [...]
Read the full article at Cambridge or local university?Following up on Tan Kin Lian’s advice on avoiding whole life insurance policies with regular cash payments, here’s a tip that your insurance agent will probably never tell you:
Insurance can be de-linked from investment.
In other words, it’s possible for you to buy pure insurance – insurance that gives you and your loved ones protection, allowing [...]
Specifically, avoid those whole life insurance policies that come with a cash payment every few years. This advice comes from Mr Tan Kian Lian, the retired CEO of NTUC Income, in My Paper today.
He gave an example and computed the overall return to be just 1% per year, even with the regular cash payments reinvested [...]
Business Times had an editorial today cautioning investors to “look very closely at the fee structure” when considering funds.
Take the the controversial case of CitySpring Infrastructure Fund charging performance fees.
BT said:
CitySpring’s managers chose to pay themselves most of the management fee in shares, rather than cash. There are investors who think that a slight dilution… [...]
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