Having just obtained my Class 2 & Class 4 QDL (Qualified Driving Licence) this week, I'll have to be more careful when riding as I can't accumulate more than 12 demerit points in the next 1 year even when I'm still riding my Class 2A bike.
Having QDLs for all classes of bike (i.e. Class 2B, 2A & 2) as well as Class 3 & 4 and all those time, sweat & money on the lessons & TP tests, I fully appreciate the importance of safe driving/riding. And I do not want to lose these QDLs just because of a moment of foolishness & folly.
Perhaps someone with more than 1 QDL will appreciate this more, especially those bikers as currently, only the 3 driving centres can offer lessons of bikes and spending almost 2 hours each lesson under the hot sun or cold rain on the bike is no joke!
Taking all these into considerations, it's a no brainer that it is not worth for me in speeding, beating red traffic lights or drink driving and risk losing all my QDLs and having to start all over again in this area. After all, I had spent at least $6000 on it so far!
Sunday, February 20, 2011
Sunday, February 13, 2011
Sunday, February 6, 2011
Review of January 2011
January 2011
Realised Profit/Loss from trades: $2602.45
Dividends Received from stocks: $86.15
Total Realised Profit/Loss: $2688.60
2011 YTD
Realised Profit/Loss from trades: $2602.45
Dividends Received from stocks: $86.15
Total Realised Profit/Loss: $2688.60
Note:
1) The above excludes CPFIS-OA & SRS as the funds in these 2 accounts are locked-in till DDA & retirement age respectively.
2) The above also excludes the PSBP (Phillip Share Builders Plan) as amounts of realised profits & dividends in PSBP are automatically re-invested.
3) The investments in CPFIS-OA, SRS & PSBP will be covered separately.
Realised Profit/Loss from trades: $2602.45
Dividends Received from stocks: $86.15
Total Realised Profit/Loss: $2688.60
2011 YTD
Realised Profit/Loss from trades: $2602.45
Dividends Received from stocks: $86.15
Total Realised Profit/Loss: $2688.60
Note:
1) The above excludes CPFIS-OA & SRS as the funds in these 2 accounts are locked-in till DDA & retirement age respectively.
2) The above also excludes the PSBP (Phillip Share Builders Plan) as amounts of realised profits & dividends in PSBP are automatically re-invested.
3) The investments in CPFIS-OA, SRS & PSBP will be covered separately.
Dividends Received in January 2011
Dividends received in January 2011:
1) $86.15 from Suntec Reit (5000shares) on 05 Jan 11
Total Dividends Received in Jan 2011: $86.15
Total Dividends Received in 2011: $86.15
Note:
1) The above excludes CPFIS-OA & SRS as the funds in these 2 accounts are locked-in till DDA & retirement age respectively.
2) The above also excludes the PSBP (Phillip Share Builders Plan) as the dividends in PSBP are automatically re-invested.
1) $86.15 from Suntec Reit (5000shares) on 05 Jan 11
Total Dividends Received in Jan 2011: $86.15
Total Dividends Received in 2011: $86.15
Note:
1) The above excludes CPFIS-OA & SRS as the funds in these 2 accounts are locked-in till DDA & retirement age respectively.
2) The above also excludes the PSBP (Phillip Share Builders Plan) as the dividends in PSBP are automatically re-invested.
Saturday, February 5, 2011
Wednesday, February 2, 2011
Investing my CPF Monies
Having some spare cash in my CPF-OA after setting aside the $20,000 that is not allowed to be invested, I decided to adopt a hybrid strategy.
After utilising all my allowable CPF-OA monies in stocks (i.e. 35% of the OA monies), the other 2 options that I'm looking at will be STI ETF and Unit Trusts. One can use 100% of the OA monies to purchase STI ETF and/or Unit Trusts (approved by CPF) after setting aside the first $20,000 in the OA.
STI ETF
This is a much simpler approach. However, the minimum cost is for 1 lot, thus costing at least $3200 at current prices. Therefore, I decided to hold on for this and wait for a correction before getting any. Furthermore, there is no means of dollar cost averaging for this presently unless one has the capacity to get several lots.
Unit Trusts
Although the many debates on the performance/returns of Unit Trusts compared to ETFs seemingly point to a conclusion of ETFs faring better than Unit Trusts, there isn't any affordable means of DCA for ETFs using CPF-OA at the moment. Furthermore, only the first $20,000 of the OA has an interest rate of additional 1% per annum (i.e. 3.5% per annum). The rest of the OA has an interest rate of 2.5% per annum. It's not hard to find an Unit Trust having an annualised return of 5 to 6% per annum. Thus, I decided to do a RSP of $200/month on Unit Trusts using my CPF-OA monies to leverage on the advantages of DCA.
Yet the monthly CPF contributions will still allow my OA balance to grow and therefore serves as part of my opportunity funds in both stocks & STI ETF.
After utilising all my allowable CPF-OA monies in stocks (i.e. 35% of the OA monies), the other 2 options that I'm looking at will be STI ETF and Unit Trusts. One can use 100% of the OA monies to purchase STI ETF and/or Unit Trusts (approved by CPF) after setting aside the first $20,000 in the OA.
STI ETF
This is a much simpler approach. However, the minimum cost is for 1 lot, thus costing at least $3200 at current prices. Therefore, I decided to hold on for this and wait for a correction before getting any. Furthermore, there is no means of dollar cost averaging for this presently unless one has the capacity to get several lots.
Unit Trusts
Although the many debates on the performance/returns of Unit Trusts compared to ETFs seemingly point to a conclusion of ETFs faring better than Unit Trusts, there isn't any affordable means of DCA for ETFs using CPF-OA at the moment. Furthermore, only the first $20,000 of the OA has an interest rate of additional 1% per annum (i.e. 3.5% per annum). The rest of the OA has an interest rate of 2.5% per annum. It's not hard to find an Unit Trust having an annualised return of 5 to 6% per annum. Thus, I decided to do a RSP of $200/month on Unit Trusts using my CPF-OA monies to leverage on the advantages of DCA.
Yet the monthly CPF contributions will still allow my OA balance to grow and therefore serves as part of my opportunity funds in both stocks & STI ETF.
Subscribe to:
Comments (Atom)