What Are The 10 Blue Chip Stocks Trading Near Their 52-Week Low Share Prices?

To be rich in Singapore, you either need to be a successful entrepreneur or a good investor. Value investing is a valid strategy. You’ll put your money in a legit company that’s currently at a low point to take advantage of its rising stock prices once the company rebounds. But let’s clarify some of the terms in the title, first. Blue chip stocks are reputable corporations. These large companies have a long tradition and are well-established on the market. You can depend on their earnings because they’ve proven their financial capabilities. They are considered chips with the highest value. In Singapore, the blue chips are the largest listed companies in Singapore, on the Straits Times Index (STI). But sometimes, things get rough. During uncertain times, the most recent one being the COVID-19 pandemic, stocks can devalue. That’s how these stocks reach their 52-week lows. Luckily, chances are their companies will make a full turn-around based on previous experience. Hold your horses, though. Don’t make any investment without researching the company and its background. For example, Nokia was once a strong and powerful company and yet it has fallen from grace. The STI comprises the most prominent organizations in the world that have a lot of stocks available on the market. You can find 700 companies listed on the STI. Select the Singapore category, though, and you’re left with thirty. Out of these thirty companies, ten comprise almost 70% of the index. We’re talking about: DBS Group Holdings Oversea-Chinese Banking Corp (OCBC) United Overseas Bank (UOB) Singapore Telecommunications (Singtel) Jardine Matheson Keppel Corporation CapitaLand Ascendas Real Estate Investment Trust Thai Beverage Hongkong Land Holdings So why trust the STI? STI shows that these companies have increased their total returns by almost 15% since 2014 if we take into account both their dividends and capital gains. Besides, STI is under constant scrutiny. If one of these stocks doesn’t respect the criteria for STI inclusion, it’s replaced by a better one. How can you use this knowledge? Find the best 52-week low stocks.   How To Find The Best Blue Chip 52-Week Low

Read more »

Understanding Pawn Shops: How They Work, Interest Rates, Alternative To Loans, etc.

There may come a point in our lives where we might need to seek additional financial help. Where do we look for financial help then? Friends, family, bank loans, licensed money lenders are all great alternatives. However, there is also another viable option: Pawn shops. While often overlooked, pawnshops also offer you great investment opportunities. However, like all things,  you have to be prepared first. Doing the necessary homework and research is necessary. If you don’t understand how pawn shops work and how much interest they charge, you may end up losing money in the long-term. Lucky for you, we’ve done our due dillgence and broken down all you need to know about pawn shops in this article! How Do Pawn Shops Work In Singapore? Pawnshops work like this: you entrust a pawnbroker with one of your valuable items so that you can get a cash loan. You’ll have to repay the loan with interest by an agreed-upon date so that you can get your pledge back. If you can’t repay your loan, the pawnbroker will resell your pledge or melt your jewellery to create new ones. Usually, this period is about six months. However, each time you pay an instalment, you extend your repayment period by an extra six months. The problem is that your interest rate will grow too, so, if you can’t repay your loan within the assigned period, it’s best to surrender it all together. Otherwise, you’ll end up paying double or triple its value because the loan you receive amounts to about 60% of the market value of the item you’re pawning. Each pawn shop has a valuer who decides how much your pledge is worth. Therefore, pawning is a type of collateral-based loan. Pawn Shops In The Past Vs. Pawn Shops Now Pawning is a 3,000-year-old activity. Historical sources show that pawning was popular throughout the world, but especially lucrative in the Roman Empire, Greece, and China. Peasants pawned their clothes to get loans because clothes were the most valuable things they had. That’s why pawnbrokers got the reputation of being the “poor man’s

Read more »

14 Best Ways To Earn Passive Income In Singapore (2020 Update)

You might currently be holding a full time job and drawing a stable monthly salary. But what if you are able to earn passive income without actually having to forsake your full time job? Passive income is the money you earn without requiring a lot of your personal touch, involvement or input. You just build something and it works for you and generates income without demanding your real-time presence. This type of business requires minimal effort to maintain the revenue flow, thus granting one the flexibility or free time to concentrate on other matters. Thanks to steady progress in technology, one can now start earning extra cash. Here are some brilliant passive income ideas. In Singapore, those who seek to earn passive income usually do it for some of the following reasons: It gives a good accumulation of wealth which can be used during retirement: Many Singaporeans struggle with financial difficulty during their retirement years. The money received on pension is rarely enough, therefore, earning some passive income over the productive years becomes very useful during sunset years. Can go a very long way in helping to pay off debts: This is can a great relief, especially where there are default fees being charged. The passive income will help to reduce the pressure that comes with debt repayments and also help to improve the credit rating of the borrower. Generating a passive income is a way of growing financially: It is actually one route to financial stability in the long run. Many Singaporeans would love to reach a state where they have enough financial investments to actually retire early. Having a passive income can provide this opportunity. There are some popular ways of earning a passive income in Singapore. 14 of these ways are given below: 1. Start A Blog One of the best known routes to earning passive income is through blogging. At first, there will be little or no income, but with time, the money starts flowing in. Although it may sound easy, starting a blog requires excellent planning. You will first need to pick one area of interest.

Read more »

Singapore Savings Bond (SSB) – What Are They All About And How To Purchase Them (2019 Review)

In the year 2015, the Singaporean government launched SSB (Singapore Savings Bonds). Compared to other forms of investment, the investment was initially considered very conservative, giving returns that were very low. With time, however, it has become a decent investment with returns that have been termed surprisingly good, considering that it is a very low risk investment. The bond has gained momentum and was actually oversubscribed early in the year in 2018.  In order to keep up with the demand, the bond supply has been raised by S$100 million from S$200 million, bringing it to a whopping S$300 million. Singapore Savings Bonds: What Are They? By purchasing a bond, what one does is really lend money to the issuer to be returned at a particular interest rate. The issuer is usually the government or a company. In this case, the Singaporean government is the issuer and investors are in essence lending money to the government. This particular bond has gained a lot of popularity for two main reasons: The risk of losing the money invested is practically zero The returns are good By lending the government their money, investors can expect to receive interest on it every six months without fail. Since bonds vary in length, one can either lend money to the government for short periods of time, or for up to 10 years. This is actually the longest bond term and gives the highest returns. Should one choose to withdraw their money before the term is up, there is no penalty whatsoever. The 2019 Rate Of Returns And What One Can Hope To Earn The government has given information on the interest to be earned on their website. The numbers provided are the average return and the interest rate per year. The interest rate tends to get higher year by year. Should one choose to invest S$10,000, the numbers would look as follows (the numbers are based on the rates in June 2019): 10 years: The Average interest each year would be 2.48% and the total interest earned would be S$2,361. 9 years: Average interest would be 2.41%

Read more »
You cannot copy content of this page