Wednesday, 16 June 2010 02:43
Hi all,
it is just released that Central Provident Fund (CPF) members will continue to receive interest rate of 4 per cent per annum on their Special Account (SA) and MediSave Account (MS) until 30th September 2010.
From 2008 onwards, the interest of SA and MS has been pegged to the average 12-month yield of 10-year Singapore Government Securities plus 1 per cent, adjusted quarterly.
Currently, it is 3.59 per cent. But since, this is below the minimum rate of 4 per cent, it will remain 4 per cent until 30th September 2010.
From next year onwards, the minimum rate for all accounts will be at 2.5 per cent instead...
Max Tay
www.CashFlowGame.com.sg
Sunday, 11 April 2010 01:56
Hi All,
This weekend is really fantastic as I shared with more than 10 people at the same time regarding about the LOVE Program and Freedom Program.
The Joy of giving and educating more people is simply fantastic :)
Thank you Cashflow Warrior Academy for giving me such a platform to share with more people :)
Yours Sincerely,
Personal Finance "Restructuring" Specialist
Monday, 15 March 2010 16:28
Hi Franchisees,
This morning we had an article in The Straits Times regarding Oil is projected to hit US$100 by 2011. The question is how can we tapped on it. To be very honest, most of the franchisees are already tapping on it by investing into a Resources Fund.
But is it the only way? or rather is it the best way to leverage on it? :) What are the ways for us? Oil futures, Oil Shares or Resources Fund. Oil futures are rather expensive to invest... and it is a complex instrument. More information could be found on http://www.yourdictionary.com/finance/crude-oil-futures
Oil Shares is a good way to invest into Oil so as long u can live with the volatility of the share prices. Technically, it is not a good reflection of oil prices but rather the performance of the company by itself. However, it generally mimics Oil prices moment and some of the times outperform Oil prices. Companies like Shell, ExxonMobil, PetroChina, etc. are hot shares to buy for Oil... Generally not recommended for most people due to the volatility.
Lastly, Resources Fund is a simple way to invest into Oil Shares as it could a simple S$100 per month investment. What happens here is that Resources Fund managed by a Professional Fund Manager will help us to diversify not just into Oil but also into other resources companies for risk management purposes. Last year, if you have invested into a Resources Fund, you could be looking at a return as high as 90%! :)
So there is many ways for us to leverage on the news, depending on your portfolio. It is recommended to speak to your Trusted Financial Adviser for a more holistic approach to it :)
Max Tay
Personal Finance "Restructuring" Specialist
Friday, 19 February 2010 02:22
Dear Franchisees,
Today's The Straits Times had an article about IMF to sell 191 tonnes of gold on open market. This caused prices of Gold fell by almost 1 per cent. But of course, this is not the focus point of this post. What is more important is the table that comes with the article - Top 10 Gold Holders in the World.
Read more: Why Precious Metals, especially Gold should be part of our Investment Portfolio
Wednesday, 20 January 2010 03:44
Dear Franchisees,
Whenever I talk to people (not from CFWA) about their Financial Freedom, they always seems to have a preconception about how to achieve their Financial Freedom. No I am not saying that they are wrong or the Plan is wrong or something. I trying to say that they are NOT open to a 2nd opinion, even other methods are proven. No, please don't get me wrong here - I am not saying they shouldn't focus. They Should! Or rather I should say that their Plans are NOT Holistic enough.
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