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Year: 2022

Most Powerful Way to Live in the Moment

Posted on by careyourpresent

“You are so anxious about the future that you do not enjoy the present. You therefore do not live in the present or the future. You live as if you are never going to die, and then die having never really lived.”

Dalai Lama

Are you Caring Your Present and Living in the Current Moment?

Let me end the year 2022 with article.

The article is started with the quote by the great Dalai Lama above. The quote depicts the mindset and the way of living for most people. Many people are always regretting their pasts and worrying for their future such that they are never living in the present moment and caring their present right now at the current moment. As a result, they never feel satisfied or happy.

All of us know that we should and must Care Our Present, don’t dwell on the past and should not worry about the future. But are you living in your present? Or are you living in past or future instead of the present or simply didn’t even know how to live a real life, treasuring every moment that you have on earth?

This is what my blog about – to focus Care Your Present and share how to use business, investment, 9 to 5 salary to grow your wealth until you are rich but not forgetting to treasure the moment during the process. You can read more via this site via here.

Unless you are born with golden spoon, one definitely need to work to earn money for a living.

When you are 20s, one should spend time to grow business, climb corporate ladders, grow investment, basically use time to earn maximum money.

When you are on 30s, one should aim to earn more money per hour of work put in but reduce the time exchanged for money.

When you are 40s, aims to use no time or little time to exchange for money with your investment/businesses that one has built up in the earlier part of life (unless you really love your jobs, you should continue).

Time is limited, Money is unlimited

Time is limited resource, fixed on the day when you are borne. Your life is only just a dash 19XX – 20XX on your tomb grave. But money is unlimited resource that we printed by the government. Hence plan to grab most of it until you can buy back your time one day. In a meantime, live a good life.

The truth is no one is immortal, not even the great emperors in the past, great leaders in the past or even now. 100 years later, it will be another new batch of human beings on Earth. Most will just die and disappear from the surface of Earth. You won’t be remembered, even if you are remembered, so what? Does it matter when you are already dead?

Tomb: Created using https://creator.nightcafe.studio/

Say is easy but to live in the moment is heard.

How many of us can really live in the moment? Very few sadly….

We are always full of regrets in past…

  • If I select this job instead of that job, I could achieve more
  • If I treasure this friend more, I will not have loss this friend
  • If I didn’t make this decision, I will definitely be better now
  • If I didn’t buy US growth stock or HK Tech Stock or Crypto, I will definitely be happier and richer
  • If I choose my passion instead of money, I could be happier, but now I am stuck, especially when I need the money for my family
  • If I choose her as my spouse instead of current spouse, I might happier….
  • If … and so on…
  • In the end, you keep regrets the past without being in the present…

We are always worrying about the future…

  • I know I hate my 9 to 5, but I can’t quit this job. What if I quit and cannot find another job, especially if recession is coming?
  • I already have millions networth with dividend/income cashflow if 10k per month which should be able to cover my expenses, but I shouldn’t quite my hated job. What if suddenly I fell sick and need money? What are the missions I have are not enough? what if recession come and hit my portfolio? What if I planned wrongly? Hence, i should not spend so much now, delay gratification more and earn more! Wait, how long should we do delay gratification? Until death bed?
  • What if I lose my job? I should up my skills, spend all my time to work hard and earn more money…
  • What if my spouse leaves me? I should get a lawyer to draft up a legal document to carefully spilt the asset in case this happen…
  • The list goes on and on… in the end you are keep worrying about the future every day and not in the present.

How to Care Your Present and live in the current moment ChatGPT way

One of the hottest things now is ChatGPT AI. Let us go ask ChatGPT and see what we get. This is the question that I have input:

10 ways to Care Your Present and live in the current moment. This is what I get from ChatGPT:

  1. Practice mindfulness: Being mindful means paying attention to the present moment and your thoughts and feelings without judgment. You can practice mindfulness through activities such as meditation, yoga, or simply paying attention to your breath.
  2. Take breaks from technology: It’s easy to get caught up in the constant stream of information and notifications from our devices. Taking breaks from technology can help you focus on the present moment and disconnect from the distractions of the digital world.
  3. Engage in activities that bring you joy: Doing things that you enjoy can help you feel more present and grounded in the moment. This can be anything from hobbies, exercise, or spending time with loved ones.
  4. Practice gratitude: Focusing on the things that you are grateful for can help you appreciate the present moment and find joy in your life.
  5. Set goals and priorities: Having clear goals and priorities can help you stay focused on the present moment and avoid getting distracted by unimportant tasks.
  6. Stay present in conversations: When you are having a conversation with someone, try to focus your attention on what they are saying and avoid getting distracted by your own thoughts or external distractions.
  7. Take care of your physical and mental health: Taking care of your physical and mental health can help you feel more present and focused. This includes things like getting enough sleep, eating well, and exercising regularly.
  8. Practice self-care: Taking time for yourself to relax and recharge can help you feel more present and focused. This can include activities like taking a warm bath or reading a book.
  9. Be present in your surroundings: Paying attention to your surroundings can help you feel more connected to the present moment. This can include noticing the sights, sounds, and sensations around you.
  10. Let go of negative thoughts: Negative thoughts can pull you out of the present moment and into the past or future. Practicing techniques like positive affirmations or reframing negative thoughts can help you let go of negative thinking and stay present.

If we look at the above 10 ways given by ChatGPT, they are quite useful and are ways that many people are using to make themselves to be in the present. However, they are not the best and the most powerful way. Let me share the most powerful way.

How to Care Your Present and live in the current moment? The Most Powerful Way

Everyone should know we should Care Our Present, but it is difficult to do it. Let me share with you a powerful method to remind yourself how to Care Your Present and to live in the current moment.

Imagine, you are living your life as per normal today – 7am wake up, say bye to your loved ones, go to work and be home 8pm. Hence, you do live your usual rat race life to grow wealth and get your beloved monthly paycheck.

Suddenly this happens…

Hospital: Created using https://creator.nightcafe.studio/

You found yourself woke up in the hospital, the doctor told you that you only have few hours left to live because you met a car accident on your way home today and you are seriously wounded.

Thoughts slowly floated into your mind…

The doctors called your families to come and see you for the one last time.

Your mind suddenly becomes blank, everything starts to go blank…

The thought that this will be your last time seeing them/hugging them make you very sad; the thought that this will be last few hours where you will be able to see this world crushes your soul; the thought that you will have many unfinished dreams to do/goals to achieve but there is no chance to doing so crushes your soul…

Soul Crushed sadness. Created using https://creator.nightcafe.studio/

Suddenly, sweet flashback images of your life started to flash across your mind….

  • Your loving memories of childhood
  • Your graduation from the university
  • Your first job
  • Your first kiss
  • Your first pay cheque
  • Your first boyfriend/girlfriend
  • Your happy marriage day
  • The birth of your child
  • The first moment where your beloved baby call you Papa/Mama
  • The first step taken by your baby
  • Your first trip with your families
Created using https://creator.nightcafe.studio/

After a while all these images started to float away…you started to feel regrets…

  • Why didn’t I take the brave step to chase after my dream?
  • What didn’t I travel more to see the world?
  • Why didn’t I quit that 9-5 job that are crushing my soul?
  • Why didn’t I spend more time with my loved one?
  • Why did I keep listening to what the society want me to do instead of what I really wanted to do?
  • What is the purpose of having so much money but now I won’t be able to spend it? I rather give up everything I have in banks for another moment in this world, doing the things I like.
  • Why did I waste time to get angry with trivia things?
  • Why did I quarrel with them instead of spending more effort to love them?
  • Why I didn’t spend more time to admire the sky, the greenery and everything nice around me?
  • Why did I spend time and get angry on useless, unimportant things? Like someone saying bad things about you.
  • Why did I keep regretting the past, worrying about the future instead of living in the moment, caring every single precious moment of the current present?
Gift of life: Created using https://creator.nightcafe.studio/

After a while…you suddenly realized that…

  • Life is short and should never be taken for granted that you can always live a long life until you are old
  • No one is immortal and will be gone one day
  • You are willing to give up everything you have in your bank account for just another moment to stand up and walk
  • You are willing to give up everything you have in your bank account for just another moment to hug your spouse and your kids
  • You are willing to give up anything just to experience the wonderful gift of life that most people have taken for granted for the one last time
  • You have wasted the precious gift of life that was given to you
  • You have wasted your life by listening to what the society tell you
  • You have wasted your life by not to taking actions to pursue your dreams
  • You have wasted your life by not to taking actions to pursue what you want in life
  • You have wasted your life by spending most of your waking hours in office instead of spending with your loved ones
  • You have wasted your life to regret over past things that have already happened
  • You have wasted your life to worry over future things that have not yet happened
  • You have wasted your life not to treasure/enjoy the current moment that you have
  • You have wasted your life for not caring your present enough to enjoy every single moment of your life, regardless good or bad situation

In short, you have wasted your life for not caring your present enough to enjoy every single moment of your life, regardless good or bad situation

The Most Powerful Way to Live in the Moment

Yes, the most powerful way to live in the moment is to realize that You should never take the Gift of Life for Granted.

Yes, please repeat after me again:

You should never take the Gift of Life for Granted. No one is immortal and will be gone from the surface of Earth one day and that day may come sooner than one think.

Years down the road on your deathbed, you can either

  • be feeling peaceful and happy because you didn’t take any moment for granted, treasuring and caring every single moment of your present OR
  • be full of resentment, regrets and anger because you are never living in the moment, treasuring your present, therefore do not live in the present or the future.

Let me bring back the quote that I brought up in the first part of this article again.

“You are so anxious about the future that you do not enjoy the present. You therefore do not live in the present or the future. You live as if you are never going to die, and then die having never really lived.”

Dalai Lama

Appreciate

I hope that everyone to take a small moment after reading this article to appreciate who you are and what you are doing in life right now at this moment, caring your present and living in the moment. The only moment of life is you right now at this very moment.

Please remember that you are not the person who you were in the past nor the person who want to become in the future. Appreciate every moment of the wonder of life, appreciate that you have eyes to read my article, appreciate that you are healthy and is able to walk etc. The key is never wait until the last moment of life before taking any action.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Unexpected SBJAN23 GX23010Z Auction Results

Posted on by careyourpresent

This is the auction result

Singapore Saving Bonds SBJAN23 GX23010Z results was released at 3pm today. Let’s look at the result released at 3pm today.

This Savings Bond was allotted using the Quantity Ceiling format. Applicants who applied for S$172,500 or lower were fully allotted, subject to the individual allotment limits.
Applicants who applied for S$173,000 or higher were allotted either S$172,500 or S$173,000.
Approximately 95.93% of these applicants were selected at random and allotted the additional S$500.

It’s been a long while since we see this kind of result. 909.7 million applied out of the 900 million offered by MAS. Everyone will get $173000! This is highly in contrast if we compared to the last month application demand of $1.7 billion worth of application. I actually expected the demand to drop but didn’t expect so much.

This simply mean demand = supply. SSB is always oversubscribed with not enough to goes around to all applicants even with the rate rise this year.

What does this mean for the market? What does this mean for the saver?

https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar/issuance-singapore-savings-bond?issue_code=GX23010Z&issue_date=2023-01-03

Let’s do a comparison

The fairest comparison with SIngapore Saving Bonds would be the recent Treasury Bill. The auction result was with the cut-off yield is 4.28%. Total amount allocated is 4.4 billions out of the 11.8 billion applied. This mean 37.2% are allocated. Out of these 37.2%, 1.6 billion are given to the non-competitive applications (see this post for more details).

For treasury bill, it is still oversubscribed. However, the current SSB is demand = supply? What does this mean? I can think of 3 possible reasons. Let’s see.

Possible reason 1:

The market is no longer interested in the 2.95% rate given by MAS. Investor demands for higher rates. They could get much better rate from other more liquid solution such as Fixed Deposit, Money Market Funds etc that I have mentioned in my past post Best places to put Liquid Cash now. Hence, not many people want to apply for SSB now.

https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds

Possible reason 2:

An increase in interest rates can lead to a decrease in liquidity in the market. When interest rates rise, the cost of borrowing money increases, which can lead to a decrease in demand for loans. This can lead to a decrease in the supply of credit, which can in turn lead to a decrease in the overall liquidity of the market.

Does this mean that there is not enough cash liquidity left in the current market. However, if you see the treasury bill, it is still oversubscribed. What do you think?

A “liquidity crunch” is a situation in which there is a lack of funds available for financial institutions or investors to meet their financial obligations or to carry out transactions. This can occur when there is a sudden increase in the demand for cash or a decrease in the supply of cash.

If there is a liquidity crunch, it means market will have issue should there be a crash next year.

Possible reason 3:

It is a freak, unusual or unexpected outcome of an auction result; it just happened that people thought no one will apply and no point to apply so much since SSB always oversubscribed for the past few issues. Hence, people just subscribed less since they thought they won’t be able to get everything anyway. This is similar the last second issue of Treasury bill where the result was 4.4% yield. Hence, is this just a freak result?

How did I fare?

As mentioned in my last post Singapore Savings Bonds SBJAN23 GX23010Z: A Safe and Secure Investment, I have redeemed my old issues and reapplied new issues. Hence, effectively I have managed to refresh my liquidity funds for higher rates 🙂

Which case would it be?

Your guess is as good as mine. No one would know currently but we may find out soon enough. If you notice the recent market, 10 years treasury yield is increasing again. Recession risk also increasing.

For me, I am keeping some cash to wait. It will be sad if you have no cash to buy when asset price become cheap. Patience is a virtue. It is a good quality to have if you want generational wealth.

https://www.cnbc.com/quotes/US10Y

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

You will likely never run out of money with 1 million: Expectation vs Reality

Posted on by careyourpresent

Worry about running out of money

Many people worry about running out of money regard how much they actually have. But how much money is enough? Will you really run out of money? Human tends to overthink a lot, buffer too much, worry too much, think too much…If we look deeper, likely you will need lesser than what you think you need.

Recently I came by this post by the famous Mr Money Mustache – Why You’ll Probably Never Run Out Of Money, which has given me inspiration to write this post.

20 Times your annual salary

You’ve heard the rule of thumb: You’ll need about 20 times your annual salary to retire comfortably. But that number is just a rule, not a magic number. In fact, you might be surprised to learn that most people don’t even come close to having enough money for retirement. However, if you can save $1 million by the time, you’re ready to quit your job and live off of your savings alone (or later in life), then consider yourself lucky because there are very few people who will ever run out of money entirely once they reach this milestone.

How much money is enough for you?

So now that you know how much money is enough for you, let’s talk about how much is too much.

  • How much money do I need to retire?

This will depend on many factors like: the type of lifestyle you want to live, where in the world you plan on living and what your current level of income is.

If someone works at a job that pays $100,000 per year but spends all their money on luxury goods then they will not be able to retire on this amount of money because their expenses are greater than their income.

However if someone lives a very frugal lifestyle then it might be possible for them to retire early with only $1 million in savings (assuming they don’t have any debt).

Everyone has different retirement needs, but $1 million sounds right for most.

It’s a complicated question, but it depends on a few factors. How much do you want to spend each month? Do you want to travel and see the world? Are your kids going to college? Will they be at home for the next ten years or will they be on their own before then, looking for an apartment and then paying for cell phone bills, car insurance and other expenses associated with independence?

How much do we need in retirement accounts today?

We started with $1 million because that’s a nice round number—and because it made sense when we looked at our current spending habits compared to what we have saved. But as I said above, this is just a starting point; everyone has different needs and desires in retirement. You might not like living alone in an apartment after being married for thirty years; maybe you have expensive hobbies that cost thousands per year (like scuba diving or rowing). If so, maybe $1 million isn’t enough after all!

Withdraw 4% or less each year from your retirement account so it lasts through your golden years.

Once you’re able to set aside the amount you need for retirement, withdrawing from your retirement account should be simple. You should aim to withdraw 4% or less each year from your retirement account so it lasts through your golden years. This is a safe withdrawal rate that most experts agree on.

Let’s see real example

Enough of ratting, let’s look at different scenarios.

First assuming a family or someone spend 5k per month but have 1 million dollars at 40 years old. This number should be quite realistic for many families in Singapore.

Many people are dividend investors, given that high interest rate environment, it is not tough to get 5% dividend, even 6% and above is manageable. Let’s use this as example.

Scenario 1 (realistic 5% yield):

Let’s assume a family or someone spend 5k per month but have 1 million dollars invested at 5% dividend returns, retire at 40 years old. In this case dividend cash flow is lesser than expenses. Will he run out of money?

Dividend rate5.00%
Spending per mth$5,000.00
AgeYearPrincipalDividendSpendingRemaining Principal
402023$1,000,000.00$50,000.00$60,000.00$990,000.00
412024$990,000.00$49,500.00$60,000.00$979,500.00
422025$979,500.00$48,975.00$60,000.00$968,475.00
432026$968,475.00$48,423.75$60,000.00$956,898.75
442027$956,898.75$47,844.94$60,000.00$944,743.69
452028$944,743.69$47,237.18$60,000.00$931,980.87
462029$931,980.87$46,599.04$60,000.00$918,579.92
472030$918,579.92$45,929.00$60,000.00$904,508.91
482031$904,508.91$45,225.45$60,000.00$889,734.36
492032$889,734.36$44,486.72$60,000.00$874,221.07
502033$874,221.07$43,711.05$60,000.00$857,932.13
512034$857,932.13$42,896.61$60,000.00$840,828.73
522035$840,828.73$42,041.44$60,000.00$822,870.17
532036$822,870.17$41,143.51$60,000.00$804,013.68
542037$804,013.68$40,200.68$60,000.00$784,214.36
552038$784,214.36$39,210.72$60,000.00$763,425.08
562039$763,425.08$38,171.25$60,000.00$741,596.34
572040$741,596.34$37,079.82$60,000.00$718,676.15
582041$718,676.15$35,933.81$60,000.00$694,609.96
592042$694,609.96$34,730.50$60,000.00$669,340.46
602043$669,340.46$33,467.02$60,000.00$642,807.48
612044$642,807.48$32,140.37$60,000.00$614,947.86
622045$614,947.86$30,747.39$60,000.00$585,695.25
632046$585,695.25$29,284.76$60,000.00$554,980.01
642047$554,980.01$27,749.00$60,000.00$522,729.01
652048$522,729.01$26,136.45$60,000.00$488,865.46

Conclusion: This person/family still has half a million left at 65 years old even if he has cashflow less than expenses. At 65 years old, CPF life will kick in which should give additional cashflow.

Scenario 2 (possible 6% yield):

Let’s assume a family or someone spend 5k per month but have 1 million dollars invested at 6% dividend returns, retire at 40 years old. In this case dividend cash flow is equal to expenses. Will he run out of money?

Dividend rate6.00%
Spending per mth$5,000.00
AgeYearPrincipalDividendSpendingRemaining Principal
402023$1,000,000.00$60,000.00$60,000.00$1,000,000.00
412024$1,000,000.00$60,000.00$60,000.00$1,000,000.00
422025$1,000,000.00$60,000.00$60,000.00$1,000,000.00
432026$1,000,000.00$60,000.00$60,000.00$1,000,000.00
442027$1,000,000.00$60,000.00$60,000.00$1,000,000.00
452028$1,000,000.00$60,000.00$60,000.00$1,000,000.00
462029$1,000,000.00$60,000.00$60,000.00$1,000,000.00
472030$1,000,000.00$60,000.00$60,000.00$1,000,000.00
482031$1,000,000.00$60,000.00$60,000.00$1,000,000.00
492032$1,000,000.00$60,000.00$60,000.00$1,000,000.00
502033$1,000,000.00$60,000.00$60,000.00$1,000,000.00
512034$1,000,000.00$60,000.00$60,000.00$1,000,000.00
522035$1,000,000.00$60,000.00$60,000.00$1,000,000.00
532036$1,000,000.00$60,000.00$60,000.00$1,000,000.00
542037$1,000,000.00$60,000.00$60,000.00$1,000,000.00
552038$1,000,000.00$60,000.00$60,000.00$1,000,000.00
562039$1,000,000.00$60,000.00$60,000.00$1,000,000.00
572040$1,000,000.00$60,000.00$60,000.00$1,000,000.00
582041$1,000,000.00$60,000.00$60,000.00$1,000,000.00
592042$1,000,000.00$60,000.00$60,000.00$1,000,000.00
602043$1,000,000.00$60,000.00$60,000.00$1,000,000.00
612044$1,000,000.00$60,000.00$60,000.00$1,000,000.00
622045$1,000,000.00$60,000.00$60,000.00$1,000,000.00
632046$1,000,000.00$60,000.00$60,000.00$1,000,000.00
642047$1,000,000.00$60,000.00$60,000.00$1,000,000.00
652048$1,000,000.00$60,000.00$60,000.00$1,000,000.00

Conclusion: This person/family still has a million left at 65 years old even if he has cashflow equal to expenses. At 65 years old, CPF life will kick in which should give additional cashflow.

Scenario 3 (optimistic 7% yield):

Let’s assume a family or someone spend 5k per month but have 1 million dollars invested at 7% dividend returns, retire at 40 years old. In this case dividend cash flow is more than expenses. Will he run out of money?

Dividend rate7.00%
Spending per mth$5,000.00
AgeYearPrincipalDividendSpendingRemaining Principal
402023$1,000,000.00$70,000.00$60,000.00$1,010,000.00
412024$1,010,000.00$70,700.00$60,000.00$1,020,700.00
422025$1,020,700.00$71,449.00$60,000.00$1,032,149.00
432026$1,032,149.00$72,250.43$60,000.00$1,044,399.43
442027$1,044,399.43$73,107.96$60,000.00$1,057,507.39
452028$1,057,507.39$74,025.52$60,000.00$1,071,532.91
462029$1,071,532.91$75,007.30$60,000.00$1,086,540.21
472030$1,086,540.21$76,057.81$60,000.00$1,102,598.03
482031$1,102,598.03$77,181.86$60,000.00$1,119,779.89
492032$1,119,779.89$78,384.59$60,000.00$1,138,164.48
502033$1,138,164.48$79,671.51$60,000.00$1,157,835.99
512034$1,157,835.99$81,048.52$60,000.00$1,178,884.51
522035$1,178,884.51$82,521.92$60,000.00$1,201,406.43
532036$1,201,406.43$84,098.45$60,000.00$1,225,504.88
542037$1,225,504.88$85,785.34$60,000.00$1,251,290.22
552038$1,251,290.22$87,590.32$60,000.00$1,278,880.54
562039$1,278,880.54$89,521.64$60,000.00$1,308,402.17
572040$1,308,402.17$91,588.15$60,000.00$1,339,990.33
582041$1,339,990.33$93,799.32$60,000.00$1,373,789.65
592042$1,373,789.65$96,165.28$60,000.00$1,409,954.92
602043$1,409,954.92$98,696.84$60,000.00$1,448,651.77
612044$1,448,651.77$101,405.62$60,000.00$1,490,057.39
622045$1,490,057.39$104,304.02$60,000.00$1,534,361.41
632046$1,534,361.41$107,405.30$60,000.00$1,581,766.71
642047$1,581,766.71$110,723.67$60,000.00$1,632,490.38
652048$1,632,490.38$114,274.33$60,000.00$1,686,764.70

Conclusion: This person/family has 1.7 million left at 65 years old even if he has cashflow more than expenses. At 65 years old, CPF life will kick in which should give additional cashflow.

Scenario 3 (worst case 4% yield):

Let’s assume a family or someone spend 5k per month but have 1 million dollars invested at 4% dividend returns, retire at 40 years old. In this case dividend cash flow is much lesser than expenses. Will he run out of money?

Dividend rate4.00%
Spending per mth$5,000.00
AgeYearPrincipalDividendSpendingRemaining Principal
402023$1,000,000.00$40,000.00$60,000.00$980,000.00
412024$980,000.00$39,200.00$60,000.00$959,200.00
422025$959,200.00$38,368.00$60,000.00$937,568.00
432026$937,568.00$37,502.72$60,000.00$915,070.72
442027$915,070.72$36,602.83$60,000.00$891,673.55
452028$891,673.55$35,666.94$60,000.00$867,340.49
462029$867,340.49$34,693.62$60,000.00$842,034.11
472030$842,034.11$33,681.36$60,000.00$815,715.47
482031$815,715.47$32,628.62$60,000.00$788,344.09
492032$788,344.09$31,533.76$60,000.00$759,877.86
502033$759,877.86$30,395.11$60,000.00$730,272.97
512034$730,272.97$29,210.92$60,000.00$699,483.89
522035$699,483.89$27,979.36$60,000.00$667,463.25
532036$667,463.25$26,698.53$60,000.00$634,161.78
542037$634,161.78$25,366.47$60,000.00$599,528.25
552038$599,528.25$23,981.13$60,000.00$563,509.38
562039$563,509.38$22,540.38$60,000.00$526,049.75
572040$526,049.75$21,041.99$60,000.00$487,091.74
582041$487,091.74$19,483.67$60,000.00$446,575.41
592042$446,575.41$17,863.02$60,000.00$404,438.43
602043$404,438.43$16,177.54$60,000.00$360,615.97
612044$360,615.97$14,424.64$60,000.00$315,040.60
622045$315,040.60$12,601.62$60,000.00$267,642.23
632046$267,642.23$10,705.69$60,000.00$218,347.92
642047$218,347.92$8,733.92$60,000.00$167,081.83
652048$167,081.83$6,683.27$60,000.00$113,765.11

Conclusion: This person/family only has 160k left at 65 years old if he has cashflow less than expenses. At 65 years old, CPF life will kick in which should give additional cashflow. He should still survive until last day on earth with CPF life kicking in at 65. In the very worst case, he can sell off his flat or rent out his flat.

Let’s summaries the outcomes

Everyone will likely survive with 1 million even in the worst-case scenario of 4% in dividend income (This is not difficult to achieve, especially in such high interest rate environment – your FD, saving accounts, MMF, SSB etc or very low risk stock can get 4% easily).

Do you think everyone really think too much and forgot to live life to optimal? Remember the book that i have shared earlier – Die with Zero. See this link again and below.

Love your life with your heart

Here’s the thing: You only live once. And by “once” I mean one time, because we all die at some point. But that doesn’t mean that your life is over when you die—it means that it ends. And then what?

Where does your soul go when your body dies? Did you spend your entire existence worrying about what other people thought of you? Did you waste time on things that ultimately didn’t matter in the grand scheme of things? Did fear keep you from doing anything because there might be consequences, but then again maybe not?

If this sounds familiar to you, let me tell you something: It’s okay. We all make mistakes; we all have regrets and look back on our lives wondering what could’ve been if only we had done X differently. But it’s never too late to change course and start living a better life today—and tomorrow!

Stop overthinking everything. Life is too short to be stressed about every little thing.

  • Stop worrying about the things you can’t control. Worrying doesn’t help anything, so don’t waste your time on it.
  • Stop stressing about things you can’t change. Again, this is a waste of energy and time; focus on the present moment instead of what happened in the past or might happen in the future.
  • Don’t worry about what other people think of you—they’re often wrong anyway!
  • Don’t worry about the past—you can’t change it! Instead focus on making today as good as possible by doing something positive.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Singapore Savings Bonds SBJAN23 GX23010Z: A Safe and Secure Investment?

Posted on by careyourpresent

Risk Free Heaven Hunters

Currently we are in the best world condition where interest rates keep rising, I believe that many yields hungry, but more risk averse people are hunting for the best yield returns for their idling cash. Is the coming Singapore Savings Bonds SBJAN23 GX23010Z with average yield of 3.26% a safe and secure investment?

The recent MAS treasury bill is 4.28%, did you apply it? I did but didn’t manage to get. You can read from my past post below. Would I buy the upcoming SSB?

Did you buy BS22125T 6-Month T-bill? Cut off yield 4.28%! and Market Updates

Upcoming Singapore Saving Bonds

SSBs are low-risk, long-term investment instruments issued by the Singapore Government. They offer a fixed rate of interest for 10 years and can be held for up to 10 years. They may be suitable for investors who are looking for a stable, low-risk investment with a long-term horizon. However, SSBs generally provide a lower short-term return as compared to other alternatives.

Let us look at the details of the upcoming bond – information for this issue below are extracted from MAS website.

If we look at the tables above, you will get 2.95% on 01 Jan and 01 Jul half yearly for the first 3 years, after that it will increase to 3.25% followed by 3.36% until it reaches 3.63%. The average 10 years rate if you held for 10 years are 3.26%. Application deadline is tomorrow 9pm.

If we compared to other liquid cash option (Best places to put Liquid Cash now), this is very low.

Most people won’t not want to buy it on the first look. They can easily get more than 3% using local bank accounts or even Fixed Deposit. Why should I lock my money up for a miserable 2.95%? This doesn’t make sense.

Think Further

However please think further. Let us look at the 10 years treasury yields. The rates although drop as compared to few months ago but it is slowly rising back.

If we take a step back, the Federal Reserve, also known as the central bank of the United States, sets a target for the federal funds rate, which is the interest rate at which banks and other financial institutions lend and borrow money overnight. The Federal Reserve adjusts the federal funds rate in an effort to influence economic activity and maintain price stability.

Inflation is a measure of the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks, including the Federal Reserve, attempt to maintain price stability by setting an inflation target and using monetary policy to achieve it.

When the Federal Reserve raises the federal funds rate, it can signal to the market that it is trying to curb inflation.

https://www.cnbc.com/quotes/US10Y

Inflation rate is coming down but is still high. Although Fed is not pivoting but is slowly reducing rate hike, the 3-4% interest rate provided by the banks may maintain for a while but how long? By then if you want to come back to buy SSB, you may not have a chance to get an issue for more than 3%?

Other considerations

Let us also think of the advantages and disadvantages of SSB for this issue

  • Decent long-term rate for above 3%
  • Short term rate of 2.95% is decent compared to normal saving accounts
  • High liquidity. Can redeem and take back the funds within a month (As I have mentioned previously, upcoming 2023 year the market will be back, keeping your funds liquid while earning some returns will give you the opportunity to earn generational wealth.)
  • Backed by Singapore Government

Disadvantage of current SSB issue

  • Lower returns as compared to other alternatives. While the rate may be higher than the rate offered by most savings accounts, it may not be as high as the potential returns offered by other types of saving alternatives
  • Long-term investment horizon: SSBs have a maximum maturity of 10 years, which means that you will need to hold the bonds for a significant period of time in order to realize the full average return of 3.26%

What would I do?

As I have mentioned below, I am building SSB bond ladders for my emergency funds since July 2022 and have already completed it. I will be getting SSB return every month for the whole year of 2023, it’s a small amount but better than keeping it rot in normal bank saving accounts.

https://eservices.mas.gov.sg/statistics/fdanet/StepUpInterest.aspx

I will redeem the July 2022 issue as it only gives me 1.69% every July and January. Meanwhile, I will apply the current issue (which also pays every July and January) to replace my loss in SSB income for the months of July and January. Application deadline is 9pm tomorrow, please remember to apply by the deadline!

A picture speaks a thousand word. In case for those who are unsure what I mean by SSB bond ladder, let me end this article with my SSB bond ladder screenshot from the SSB portal. The Jan and Jul in the picture below will be gone after I redeemed my July 2022 issue tomorrow but will be replaced by the upcoming issue 🙂

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

10 most common mistakes that investors make

Posted on by careyourpresent

Introduction

Do you want to be an investor like the lady in this image? Read on!

https://creator.nightcafe.studio

Like majority of people, investing can seem like a daunting task. There’s so much advice out there that it can be difficult to know where to start. That’s why I’m here with the 10 most common mistakes investors make—and how you can avoid them:

1. Not diversifying

When it comes to investing, diversification is key. Diversification can be done by investing in different asset classes that have different risk profiles and returns. For example, you could have a portfolio of stocks, bonds and cash equivalents like money market funds.

If you’re paying attention here so far, you may be saying “that’s all well and good for people who are already making money from their investments.” That’s true! But what happens if you lose all your money? What do we do then? If we’re going to get out of this hole with our heads above water—and believe me when I say there are plenty of people who have lost everything—then we have to start somewhere: by avoiding these common mistakes:

2. Investing in something you don’t understand

Investing in something you don’t understand is a major reason for people to fail at investing. It’s also the most common mistake that investors make, according to industry experts.

This applies to all kinds of investments, from stocks and bonds to real estate and commodities. Don’t buy something if you don’t know what it is or why it could be valuable in the future.

Here are some examples:

  • You invest in a cryptocurrency (like Bitcoin) because some friend told you it was a good investment—but then find out that your friend was paid by the people who manage this currency to recommend it to others. This would not be considered an informed decision because there’s a conflict-of-interest involved between your friend and yourself as an investor; they want their product sold while you’re looking for information based on solid facts—not just someone else’s opinion!
  • Or perhaps another friend tells you about an amazing app idea that he wants funding for so he can build it into something amazing—but then later finds out that his “friend” secretly invested all his own money into this project without telling anyone else first (including potential investors). Again, this would not be considered an informed decision because there’s no transparency between parties involved here; one person knows one thing while another person knows another thing which prevents any kind of fair exchange taking place between them both equally benefiting everyone equally equally equally equally equally….

3. Segregate your funds

One should always separate your funds to at least 3 categories – investment funds, emergency funds and daily funds. Emergency funds of at least 6 months (or more depending on your need) with daily funds that you use for your normal expenses would help you to keep your sanity during period of market volatility. Your mind will know that you have enough money to survive such that you can afford to wait for the market to recover in order for you to take some profits off table.

Imagine the situation where you need money for your daily expenses or a big sum for sum emergency, but you don’t have! The worst case is to cut loss at market bottom to take your invested funds out. This really become the legendary buy high sell low.

4. Being overly conservative

There is a common misconception that the only way to make money in the stock market is by being overly conservative and risk-averse. This isn’t true at all. In fact, the opposite is true: if you want high returns on your investment portfolio, you need to be willing to take some risks.

However, there’s a fine line between taking enough risk and taking too much risk; investing without regard for risk management will leave you with an empty wallet and a stomach ache from worrying all day about your investments tanking—which has happened countless times in history. You must strike an appropriate balance between caution and boldness when it comes to managing your finances; only then can you hope for success.

Being cautious doesn’t mean that investors never take any risks whatsoever—it just means being realistic about how much risk they’re willing to take given their own abilities as investors (and their overall wealth). If someone has little experience with investing but wants high returns on their investments anyway, then they should probably stick with safer options like fixed deposits or savings accounts instead of trying out exotic securities like penny stocks or options contracts.

5. Being too impatient

This is a big one: being too impatient. If you’re looking for a quick return on your investment, you’re going to be disappointed. This is where patience comes into play and patience is something that many investors lack.

Investing in the stock market is like investing in a slow cooker—it takes time for it to heat up and cook (and sometimes even longer than expected) but when it does, the results are worth it because there are no special ingredients or techniques involved. You just have to sit back and watch as your stock grows over time!

6. Buying things that are going up just because they’re going up.

The most common mistake investors make is buying things that are going up, just because they’re going up. The first rule of investing is to buy things you know. If it’s something you don’t understand or have any interest in, then you shouldn’t be buying it. There’s nothing wrong with holding on to your investments once they’ve gone up in value—but there’s also no reason at all to buy more than you need today based solely on the fact that tomorrow might be better.

Buying high and selling low is a classic error for many new investors—and one of the easiest ways for anyone who has learned some basic strategies about investing can avoid this mistake. You’ll probably end up paying too much when prices are high and sell too soon at lower points; these mistakes will cause your investment returns over time if not avoided

7. Trying to time the market.

People often think they can time the market, but it’s not that easy. A market cycle is a period of time between two major peaks or bottoms. To get an idea of when a cycle has ended, look at the last peak and valley to see how much time passes between them. If there was a trough in 2009 and then another peak in 2013, you may want to wait until 2016 before trying your hand at buying again (or sell if you’re already invested). Most people don’t have this kind of patience though—they want results right now!

To help combat this impatience and improve your investing skills as well as overall understanding of how markets work, consider using technical analysis (TA) strategies instead of fundamental analysis (FA). FA relies on economic indicators like GDP growth rates or unemployment statistics to determine whether or not stocks are overvalued or undervalued; TA uses charts based on historical data from previous years so you’ll be able to make more informed decisions about how much stocks should cost today by comparing them against their own previous history instead

8. Overreacting to news events

In a world where every news event can seem like the end of the world, it’s important to remember that they often aren’t.

Whether a market or sector is in decline, it doesn’t mean that it will continue to fall indefinitely. In fact, if you study market history and economic cycles, you can almost count on there being an upturn at some point—the only question is when?

When one industry or sector is having difficulties, others tend to pick up the slack over time. It could be several years before things return to normal again but as long as you have patience and keep your focus on your long term goals rather than short term losses/gains then there are always opportunities waiting for those who are willing to wait patiently for them

9. Not reviewing your portfolio regularly

It’s important to review your portfolio at least once a year, if not more often. Before the end of each year is a great time to do so because you can consider your overall performance and make any necessary adjustments before new contributions are made.

A good rule of thumb is to check in on your investments around big news events (like an election), or when markets begin to move wildly up or down unexpectedly.

10. Having a short-term outlook

Having a long-term outlook can help you avoid many mistakes that investors make. It’s easier said than done, though! For example, the news often gets in the way of having a long-term outlook. A company could release stellar quarterly results, but if it also announces that it’s shutting down its last factory in your country and moving production to China, then investors will likely react negatively—and their reactions may be justified given the short-term impact of this announcement on profits and job security (not to mention national pride).

In these situations, knowing how to act wisely requires more than just keeping an eye on the market; you need discipline and patience as well. The key is not letting yourself be swayed by short-term news events or even stock price movements. Instead of trying to predict what will happen tomorrow or next month with your investments, it’s best if you focus on investing for 10–20 years or longer

Conclusion

As I said before, these are some of the most common mistakes investors make. If you want to avoid them, all it takes is a little research and planning. This will help ensure that your money will last for years to come. The best thing about investing is that anyone can do it! Even if you don’t have much cash available right now (or any at all), there are plenty of ways to get started with just what little savings you do have—including saving more than ever before by starting small with dollar-cost averaging (DCA).

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Free guide to self-custody in Cryptocurrency

Posted on by careyourpresent

Current Cryptocurrency Market

If we look around, Crypto is in a bear market now. Many Defi Site got rugpull, hacked, exchanges collapses (even the recent deemed as big and safe FTX also failed). Currently there are also FUDs about Binance, the biggest exchange in Crypto.

For those not in Crypto, FUD stands for “fear, uncertainty, and doubt”. Who know if Binance will really collapse. Personally I think it is quite unlikely but who knows? Hence, the holy grail of Cryptocurrency is always true.

Not your wallet, not your coins.

Everyone should owned hardware wallets and keep your own coins. However, I understand that this is difficult as not everyone know how to do it. Hence, a lot of people just put their faith (their hard earned money) in exchange instead of self-custody.

What are Crypto Wallets?

Firstly, what are Crypto Wallets?

Cryptocurrency wallets are digital storage devices that store a collection of digital currency. The wallet software maintains the private keys necessary to access and spend the currency. If you have several different cryptocurrencies, it’s important to have wallets that supports all of them and allows you to send and receive funds.

Type of Wallets

Different types of cryptocurrency wallets that one may heard of include:

Desktop wallets: Software wallets stored on your computer. Most desktop wallets allow you to control your private keys with a user interface.

Mobile wallets: Mobile apps that connect directly to the blockchain for sending or receiving digital currency. Some mobile wallets require users to authenticate their identity using bio-metrics or other methods.

Hardware wallets: Hardware devices that hold private keys offline and provide secure multi-Sig support for confirming transactions when needed. Hardware wallet options can be purchased online or in physical stores.

Hot Wallets – These are the most common type of wallets. When you open a hot wallet, your funds are immediately available for transfers or withdrawals. Hot wallets are also called personal wallets because they’re used by a single person or group of people at any given time. This can be risky because if someone else gets access to your computer or phone and steals your funds, it’s gone forever. You need to be very careful when using this type of wallet because no one else should have access to it but you!

Cold Wallets – Cold wallets store your private keys offline in an encrypted format (such as on a USB flash drive) so that only you have control over them. This means that even if someone steals your laptop, they can’t get access to your Crypto unless they know where it is located physically (in which case they can just take it). The best way to use this type of wallet is with a hardware device like Trezor or Ledger Nano S or X.

What is self-custody?

Self-custody refers to the act of holding and managing your own cryptocurrency, rather than entrusting it to a third party such as an exchange. This means that you are responsible for the security of your own cryptocurrency and have complete control over it.

There are several ways to self-custody your cryptocurrency, including:

  1. Using a hardware wallet: A hardware wallet is a physical device that stores your cryptocurrency offline. It allows you to securely store your cryptocurrency, and you can use it to make transactions by connecting it to your computer or smartphone.
  2. Using a software wallet: A software wallet is a digital wallet that you can download to your computer or mobile device. It allows you to store, send, and receive cryptocurrency, and you have complete control over your private keys.

Although self-custody can provide greater security and control over your cryptocurrency, but it also requires you to take more responsibility for the security of your assets. If you lose your private keys or your hardware or software wallet is compromised, you may lose access to your cryptocurrency. It’s important to carefully consider the risks and benefits before deciding to self-custody your cryptocurrency.

Free guide to self-custody in Cryptocurrency

Hence, for those who want to learn how to self-custody in Cryptocurrency using Metamask with Ledger (one of the most common wallet used). I have put up a guide which you can download.

Please go to my referrals and ebooks page to download (Its at the bottom section under Ebooks).

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂