Try out new ways.....upd 17Dec2008

Date Start: 1Jan2008
NAV = $3,606.09 as of date 15Dec2008
Returns to-date (since 1Jan2008) = -27.8%

Benchmark: iShares MSCI EAFE Index Fund (ETF)
Date Start: 1Jan2008
NAV = $2,657.61 as of date 15Dec2008
Returns to-date (since 1Jan2008) = -44.85%

Quote (035-2008)

"Worrying is like a rocking chair.
It gives you something to do, but it doesn't get you anywhere."

===== Van Wilder =====

Last Run for SRS

If you have yet to do your SRS for year 2008, you have about 1 to 2 weeks before the holidays' season and eventually end of the year.

For a final recap,

If you have time for only one read:
- Refresh SRS

If you have time for a two articles:
- Buy Term Invest The Rest and reduce taxes (Part 2)
- Refresh SRS

If you have all the time to read:
- http://www.waynekoh.com/search/label/Supplementary-Retirement-Scheme-SRS

For those who are busy and can't find time for normal banking hours, can consider OCBC's Sunday Banking.

Try out new ways.....upd 03Dec2008

Date Start: 1Jan2008
NAV = $3,503.14 as of date 01Dec2008
Returns to-date (since 1Jan2008) = -29.94%

Benchmark: iShares MSCI EAFE Index Fund (ETF)
Date Start: 1Jan2008
NAV = $2,567.48.90 as of date 01Dec2008
Returns to-date (since 1Jan2008) = -46.65%

How Economic Recession Affects YOUth!

Subject: PAYM Policy Forum @ East Coast GRC & Joo Chiat SMC

PAYM Policy Forum @ East Coast GRC & Joo Chiat SMC -
How Economic Recession Affects YOUth!

"I am graduating next year! How long before I get employed? Will I get employed at all?"
"Do I have to settle for a pay cut? My handphone & internet bills! Shopping is out! Do I really need to tighten my belt?"
"Will I get retrenched? How do I continue to pay for my mortgages? What can I do to remain competitive?"
"I am not feeling the pinch at all. Is it really that bad? Do I have to reprioritize my financial plans?"

We will address all that and more on

Sunday, 14 December 2008,
1.30pm-5.00pm
@ Singapore Flyer, MEGU Event Hall with

Mr Chan Soo Sen, Member of Parliament for Joo Chiat Constituency & Adviser to Joo Chiat Grassroots Organisations will be our Key Panelist & GOH..

Email your Name + NRIC + Email + Mobile to Lee_Chi_Chuen@pa.gov.sg for registration (RSVP by 10th Dec, 5pm)

Ps: COMPLIMENTARY SINGAPORE FLYER TICKET TO BE GIVEN TO PARTICIPANTS (1 per pax). Base on first-come-first-serve basis..
--------------------

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http://www.facebook.com/n/?inbox/readmessage.php&t=1058601668721

MMF Update

This is a follow-up to MMF rtn vs Bank deposit rates which I post on a monthly basis.

Remarks: $1,000 parked in MMF would have yielded $10.12 more than savings rates YTD since 1st Jan2008. I am comparing MMF to savings because of their withdrawal flexibility.
Other figures as shown above. Fixed Deposit, on the other hand, is not as flexible when it comes to withdrawal.
Fixed Deposit rates reference: MAS

MMF annualized returns as of 28Nov2008 since 1Jan2008: 1.363% p.a