A Singaporean’s Guide to Buying Your First Resale HDB Flat

A good article of buying resale HDB in Singapore by Rachel Yeo

Read This Before Using SRS to Save Tax – Part 1: How Does it Work?

 Another good post on SRS

Withdrawals

The “catch” of SRS is that withdrawals before retirement age are subject to a 5% penalty. The amounts withdrawn will also be taxed at the prevailing tax rate. This means that someone who withdraws S$10,000 will only get S$9,500, and the S$10,000 withdrawn is also added to their chargeable income and subject to income tax. SRS is after all meant to help individuals save for retirement, so withdrawals before that are highly discouraged.

Those who start withdrawing when they reach their statutory retirement age, however, can enjoy significant tax savings. Amounts withdrawn after one’s statutory retirement age is subject to lower tax as only 50% will be considered chargeable income.

You can also spread the withdrawals over a 10-year period to maximise your tax savings. The magic number to withdraw each year is S$40,000 a year because 50% of that amount is S$20,000, and assuming you have no other income during retirement, this amount is completely tax free. Given that our income tax structure is progressive, amounts higher than S$40,000 per year still make sense since the tax rates are relatively low at the first couple of brackets or so.

HOW TO WRITE EFFECTIVE EMAILS? By Peter Diamandis

 TIP 1: KEEP IT UNDER FIVE LINES

TIP 2: MAKE THE SUBJECT LINE UNIQUE, MEANINGFUL & EASILY SEARCHABLE

TIP 3: USE EASY-TO-READ FORMATTING!

TIP 4: PUT YOUR SPECIFIC ACTION REQUEST IN THE FIRST LINE

TIP 5: MAKE THE ASK REALLY, REALLY SIMPLE—SUCH THAT IT'S HARD FOR YOUR READER TO SAY "NO"

How to Buy Singapore 6-Month Treasury Bills (T-Bills) or 1-Year SGS Bonds

Koon Yew Yin 14 July 2022 - Sanctions on Russia is counter productive

Koon Yew Yin - a philanthropist and one of Malaysia’s best stock pickers.
https://koonyewyin.com/2022/07/17/sanctions-on-russia-is-counter-productive/

NATO countries including US imposed economic sanctions on Russia because of its invasion of Ukraine on 24 February. All NATO countries are discouraged or forbidden to buy Russian products such as oil, gas, wheat and fertilisers. As a result, the prices of oil, gas, wheat and fertilisers has been surging and affected the prices of many other consumer products. That is why I said sanctions on Russia is counterproductive. It is hurting all NATO countries including US. Inflation in US is highest in the last 40 years.

Ray Dalio’s book - Principles For Navigating BIG DEBT CRISES

Ray Dalio’s book Principles For NavigatingBIG DEBT CRISES

Is the Federal Reserve Printing Money?

Is the Federal Reserve Printing Money? 

• People say the Fed is "printing money" because it adds credit to accounts of federal member banks or lowers the federal funds rate. 
• The Fed takes both of these actions to increase the money supply. 
• The Bureau of Engraving and Printing, under the U.S. Department of Treasury, does the actual printing of cash for circulation.

Does the Federal Reserve Print Money?

EV charging: the difference between AC and DC

A very easy to understand write up on differences btw AC vs DC charging on EV

[Elon Musk] The biggest mistake in general I've made and tried to correct

 Great advice from Elon

Don't be in a hurry to get rich

Good article to remind us not to be in hurry to get rich, leverage can 'kill' if not careful.
The fall of Rick Guerin, he was one of the so-called "Superinvestors of Graham and Doddsville" 

Why we remember more by reading – especially print – than from audio or video

Print versus digital reading