Paint Your Dream Future - Real Finance Sg

Treasure and protect what we have.
Tomorrow is not guaranteed.

"The real certainties and uncertainties of tomorrow are hidden to all. We however hope for a tomorrow to do what we have to do tomorrow because we think we shall surely have a tomorrow. Worry therefore not about tomorrow and understand instead that once there shall be a tomorrow, there shall be a good tomorrow." - Ernest Agyemang Yeboah

Over the previous two decades, the average private condo in Singapore returned less than the CPF's promised yearly yield of 2.5 percent.

Yield from CPF may surpass that for private homes: Study In property-crazed Singapore, owning real estate isn't always the high-yielding investment you might think. Read more at straitstimes.com.

The economy is different today than it was a few decades ago.

Based on URA data, from 1975 to 1995, every S$1 invested in private properties in Singapore grew to S$10. (10x return over 20 years).

However, from 1995 until today, every S$1 invested only grown to S$1.30 (1.3x) on average for private property and S$2 today (2x) for HDB resale properties.

This is in line with the tendency in other developed economies, such as the United States, where property values routinely lag behind the general stock market index.

Furthermore, rental yields for property owners who rent out their apartments have often been around 2%.

Is investing in property in S’pore really as good an idea as everyone says it is? Not necessarily. The economy is different today than it was a few decades ago.

Guide to surviving a recession.

1. Clear your debt first

In particular, high-interest debts from credit cards that can be exceed 20 per cent.

2. Build up your emergency funds

Have 6 months to 1 year (recession typically last for 11 months) worth of living expenses saved up for a rainy day.

3. Practise mindful consumption

Minimise your expenditure and identify ways to reduce them. Differentiate between your wants and needs.

4. Live within your means

Allocating your salary and keep within healthy spending range allows you to have more to save and invest for your future!

5. Focus on the bigger picture, think long term

The urge to panic sell is real, but bear in mind that the markets tend to trend upwards in the long-term.

The ultimate Singaporean's guide to surviving a recession Winter is coming…And just like how Singapore is a year-round summer island sparred from natural disasters,Singaporeans have been experiencing a cushioned impact from global issues plaguing the world today.On May 1, 2022, PM Lee...

Did you know?
You may use CPF medisave to pay for selected insurance premiums?

“It’s cheaper to buy 10 years early than 1 min too late.“ 😊

You don’t buy insurance because you are going to die, but because those you loved ones are going to live.

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