In case you are not aware, Personal Data Protection Act (PDPA) has taken effect this year. It will be implemented in 2 phases. (i) Do Not Call Registry (DNC); and (ii) the rest of Personal Data Protection Act (PDPA) will be effective from 2 January 2014 and 2 July 2014, respectively. What is PDPA? The […]
Watching COE Market is like Watching Stock Market
Watching COE market is just like watching stock market, my belief is reaffirmed again that the mass market and media always get it wrong. Apr 19, 2012 – Straits Times: COE prices continue steep climb CERTIFICATE of entitlement (COE) prices for cars up to 1,600cc and taxis are at an all-time high. They posted the strongest […]
One Night Stand Investment
I stumbled upon this interesting term “One Night Stand Investment” from Investopedia.com today, it means “Buying a security with the intention of holding it for the long term, but subsequently panicking and selling it the following day.” Investopedia further explains that “An investor sells out the following day typically because of bad news or a […]
Should you bite the bullet when COE is at $91,000
The COE Results for APRIL 2012 Category B (Car above 1600cc) is $91,000! Many people seem to be willing to pay a higher premium in anticipation of possible quota cut. However, do you have to bite the bullet even if you really need to buy a car? First of all, you must understand what is […]
Personal Income Tax rates for YA 2012
18 Apr 2012 is the last day to file your Income Tax Return, there will be penalties for ailing to file by the due date. I would like to draw your attention that there is change of Tax rates for resident individuals this year as below: Chargeable Income Rate (%) Gross Tax Payable ($) First […]
Can You Make Consistent Income By Selling Weekly Options
Recently, I attended a seminar talking about making income through selling options. my friend has written a blog article summarizing the event. I agree with him that this kind of strategy is never as simple as it appears to be. If you follow my blog, you know that I am often skeptical of the unrealistic […]