SG Wealth Builder

Sharing of personal finance experiences and thoughts

SG Wealth Builder

Sharing of investment insights

SG Wealth Builder

Sharing of entrepreneur insights and business opportunities

SG Wealth Builder

Sharing of career insights

SG Wealth Builder

Sharing of wealth building strategies money making opportunities

Wednesday, April 16, 2014

Opportunities abound for Singaporeans!

SG Wealth Builder chanced upon, a useful website for entrepreneurs and Singaporeans to search and access publicly available data published by the Singapore Government. This website contains may wonderful data and apps, such as Activtify, EduChoices, etc. Besides government data and metadata, also offers a listing of applications developed using government data, as well as a resource page for developers. Do check it out!

Monday, April 14, 2014

BullionStar: Job Opportunities and Bitcoin Payments

The following newsletter is from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices.

We are excited to have released a number of new products lately.

Heareus Silver Bars 
The Heraeus Silver Bars are very attractively priced. The 10 oz Heraeus bar is actually comparable in price per oz to larger bars and significantly cheaper per troy ounce compared to 1 oz coins. We currently have Heareus bars available in 1 oz, 5 oz and 10 oz.
Singapore minted Gold Bars
These gold bars are unique as they are the only gold bars minted with Singapore themed design. We currently have three different motifs in stock - the 50 gram Singapore Orchid gold bar, the 100 gram Marina Bay Sands gold bar and the 100 gram Merlion gold bar.

Chow Tai Fook Gold Bars
We have limited pieces of the beautiful .9999 Chow Tai Fook gold bars. They have the popular Chinese creatures such as the dragon, phoenix and horse exquisitely etched into them. These gold bars are easily sold at a much higher premium at Chow Tai Fook retail stores.
We have the 50g dragon, 100g horse, 112g dragon & phoenix and 200g horse gold bars.
If you have plans to give gold bars as gifts, this is a great opportunity to buy these beautiful gold bars at a steep discount!
Payments for precious metals in Bitcoin coming soon!
We intend to start accepting payments for precious metals in Bitcoins before the end of April!

We will then start to quote prices in BTC and you will be able to pay us directly with Bitcoins. It will be just as simple and straightforward as other payment methods. We should be able to release your items within one hour of you sending the payment. Check back on our website in about two weeks for more information!

BullionStar career opportunities
BullionStar is growing quickly and is currently hiring exceptional talent for different positions. If you are interested in the bullion industry and are convinced that you can add quality to the BullionStar team, get in touch with us! Feel free to send in your CV even if your preferred position is not advertised currently.

Hotel Investment Opportunities for Singaporeans

Brisbane Targets Singaporean Hotel Investors

Hotel investors, operators, developers and financiers from Singapore are being targeted in an on-going campaign to provide more hotel rooms in Brisbane each year for the next decade.

An active approach to attracting hotel investment has reaped rewards for Brisbane with more than 500 additional hotel rooms either available or coming on line this year, but many more are needed.

Speaking at the launch of the updated Guide to Hotel Investment in Brisbane, Lord Mayor Graham Quirk said more investment in hotel rooms was needed to attract high spending visitors.

The Lord Mayor outlined opportunities for hotel operators, investors, and developers keen to establish a footprint in the city.

"Due to a shortage in internationally-recognised, full-service hotel room supply, Brisbane is forgoing about 121,000 visitors a year," Cr Quirk said

"The shortage is causing the market to defer an estimated 278,000 room nights every year -- about 14 per cent of current demand.

"This deferred economic benefit is largely contributed to the lack of hotel supply which in turn is hampering Brisbane's ability to attract major events and conferences. This lost visitor expenditure equates to about 1100 jobs and AUD$114 million in economic activity that would otherwise exist.

"More hotel rooms are needed to realise this deferred demand, and enable the city to procure more international business events and conferences."

Queensland's Tourism, Major Events, Small Business and the Commonwealth Games Minister, Jann Stuckey, said that investment in internationally recognised hotels was a key part of the Queensland Government's goal to grow Brisbane as a business and leisure destination.

"We are delivering a pro-business environment which supports new and renewed investment, as well as driving demand through attraction of new international airline routes, marketing campaigns and major events," Minister Stuckey said.

"Brisbane's events calendar is already brimming with world class sporting and cultural events. We have world class conference facilities hosting major business events, not to mention the upcoming G20 which will bring world leaders and global media to the Brisbane.

"The government is supporting the development of new drawcards such as the Queens Wharf development in the CBD which will transform Brisbane as a leisure destination.

"When you combine this with and new aviation routes into Brisbane, and the lowest payroll taxes in Australia, Brisbane becomes a very attractive hotel investment and development proposition."

Leading economic consultants AECGroup estimated Brisbane could sustainably absorb an additional 216 to 330 rooms annually to 2022 in the updated guide.

Cr Quirk said the council was delivering a pro-business and pro-development environment through the new City Centre Master Plan and with the appointment of a hotel investment manager to work with investors, developers and operators looking for hotel opportunities in Brisbane.

Brisbane Marketing's investment attraction manager has been in Berlin, London, Hong Kong and Singapore to raise awareness of Brisbane as a hotel investment destination.

The 2014 Guide to Hotel Investment in Brisbane, Australia provides the latest information on economic conditions, hotel demand drivers, trading conditions, and future hotel supply requirements for Brisbane, leaving investors in no doubt about where and how they can make sound investment decisions.

It is being distributed to national and international hotel investors and is available online at

Sunday, April 13, 2014

Internship Opportunities with Thomson Reuters

For many years, aspiring local finance bloggers have been lamenting on how difficult it is to obtain jobs in the Singapore finance sector. There were also many young Singaporeans writing to me on how to get into venture capitalist, investment banks, fund management companies. In Singapore, while our local institutes of higher learning have been churning out finance graduates with good academic results, most of these graduates lack working experiences and track record in investments. So there has always been a gap in the investment industry. With this in mind, SG Wealth Builder is pleased to collaborate with TrakInvest to bring you the Thomson Reuters Challenge. Winners get to work in Thomson Reuters Singapore as interns! TrakInvest is a completely free virtual trading platform that allows users to hone their investment skills and at the same time earn money through monthly competitions.


2 students with the best investment portfolios will win an internship each with Thomson Reuters Singapore.*

TrakInvest and Thomson Reuters are pleased to announce “The Thomson Reuters Challenge”

The online stock market challenge will be hosted on the TrakInvest ("TI") platform and 2 winners will get the opportunity to intern with Thomson Reuters Singapore for a period of 7-10 weeks. The competition is from 15th April 2014 to 15th May 2014 and is exclusively for all Singapore University students.

Once you login to the TI platform you are provided with SGD 100,000 of virtual money that you can invest in stock markets around the world. As you begin searching for stocks, the platform tells you who else on the network is doing well in the stock and provides you with the ability to follow them. Once you follow the top leaders, you get real-time updates of their trading activity which you can observe or choose to emulate.

You will realize that this platform is not just a game but a holistic learning tool and promises to offer you the following:
  • Contextualized News & Twitter Feeds
  • Research & Analytics of Over 12,000 Companies
  • Ability to connect to the top traders
  • Real time sharing of trading activity
  • Monthly sponsored trading competitions where Winners can get both cash & jobs
  • Mobile android application available on Google Store, to play on the go!

Do you have what it takes to be a Champion ?

Thursday, April 10, 2014

Property Investors' Alert: HDB Resale Prices and Rental in March 2014

SG Wealth Builder is pleased to form a partnership with SRX Singapore Property to bring you the latest information on property trend in Singapore. Below article is based on information provided by SRX Research and readers must not interpret it as a form of financial advice.

Wednesday, April 9, 2014

Tan Kin Lian's career advice for young Singaporeans

I used to enjoy reading Tan Kin Lian's blog because it contains a lot of useful tips on life insurance and personal finance practices. In fact, his blog inspired me to set up my own personal blog, SG Web Reviews, four years ago. Somehow, after his failed presidential election in 2011 (he garnered the lowest vote of  4.9%), he became more vocal against the Singapore government. Out of ten articles, five of his articles would criticize government policies. Tan's style of writing has also become more cynical and self-righteous. His articles has become such a huge turn-off to me that I did not follow any more since 2011. However, in one of his rare good articles on career advice, "How to build a long lasting career", I think there are some good take-aways which I would like to share with my readers.

Tan Kin Lian wrote that to be successful in your career, you need to choose a job that fits your skill set. Whilst I agree to this statement, this context may not be applicable to fresh graduates who lack working experience and relevant skills to prospective employers. In order to embark on a long term career, you must first work in a specific industry. Your first job will provide you a good feel on whether you will stay in that particular industry. If you don't have that vibe, trust your instinct and don't waste your time in that job. There are certainly "dead-end" jobs in the market that don't offer any opportunities for employees to pick up skills or provide any form job progression. Don't ever fall into such pits.

Tan advised young Singaporeans not to be impatient when learning the rope. I fully agreed this point on picking up new skills that will last you for a long term. When we develop our niche competency, there are no short-cuts. You learn through mistakes and hone your experience through analysis. Singaporeans need to be cognizant that on-the-job training cannot be learned through the books. Normally it takes 8 to 10 years to build up skill sets to be considered a professional in your industry.

Tan also encouraged young Singaporeans to opt for a path less traveled and choose a job that few people wants. I support his view that smaller companies or those with a more challenging working conditions might be less popular with Singaporeans. But all the more, Singaporeans should go for such jobs because there would be fewer competitors and more opportunities for employees to take on more roles. In any case, your employer will need you more than you need the job, so potential for pay raises and job security will be there.

Lastly, Tan advocated young Singaporeans to stay in the same industry and not hop to different sectors. I concur with him that one should job hop but not switch to different industries. If applied correctly, the former allows one to have good salaries and career progression while the latter could affect your skill development and profiling. Singaporeans should not "overstay" in their company. If there are better opportunities that offer better salaries and new skills to be learned, we should seize the chance.

Magically yours

Monday, April 7, 2014

You Are Not Making Enough Money

The following article is from Guest Blogger, Mike Adams Sales Performance Consultant, Corporate Fixer & Coach in Singapore. In one of my previous articles, I wrote on the importance of learning the art of selling in order to become a successful entrepreneur. This article resonates my thoughts that to be rich and successful in life, you must learn the rope of selling.

I don’t know how much money you make but I am telling you, its not enough. You might make $100k a year or a $100k a month – it doesn’t matter, you and I need to make more.

If you are in sales and therefore have the ability and vehicle to write your own pay cheque, your duty is to go out and expand your income. Why? While it looks like the world economy is rebounding post 2009 it is in no way, shape or form back to boom times. Governments are struggling to find their feet and control debt and the government is not going to repair the world economy – business will! And it’s the sales people in businesses that can make this happen.

There is plenty of money in the markets; we just have to get it moving. We have to get it circulating and we, as sales professionals, can play our part. Sales professionals have the opportunity to make more money. Most other jobs are limited in their capacity to “create” more income through their direct actions. In sales you may not know how much income you are going to make month by month. For some that’s scary. Yet for others, knowing how much income they are going to make each month is scary! (knowing that it’s fixed/limited).

Economies need producers and consumers. People and businesses can do both – produce and consume. Don’t sit around waiting and hoping that the governments and banks will sort out the economy, get into action and sell more goods and services – create an economy.

Get money flowing through the action of your sales efforts. Make more income for yourself and your family and spend it. Book the holidays, buy the cars, rent or buy the homes, eat in restaurants, donate to charities and foundations, invest in business, buy the gifts, stay in the resorts, own the boat and invest wisely. But expand your income so you can expand your lifestyle and get more money moving through the economy.

Make more money. We can, we should, and we must. I don’t see any downside to this. But I don’t know which is the worse situation; not being able to change your income and produce more or having all the skills, opportunity, ability and resources to expand and produce and yet deciding not to. Actually, I do not know which one is worse. Get moving!

Tuesday, March 25, 2014

Singaporeans are self-centred and money-face

There was an online article written by a foreigner describing her experiences living in Singapore. Not too long ago, she came here with high expectations of Singapore and our culture. After some time, she was indeed happy with her life here, until she became pregnant recently. She complained that nobody gave up the reserved seats in the train. Once, when she almost fainted at the train platform, nobody came forward to help her. She felt disappointed by Singaporeans' lack of empathy and compassion.

Being a local and having lived in Singapore for 34 years, I can concur with her that Singaporeans are basically self-centered and very money-face. When her article was published, a lot of Singaporeans came forward to dispute her views and threw brick bats at her. Many claimed that what she wrote was based on an isolated incident and argued that it was unfair to judge us based on that single incident. Many also threw up lame excuses to justify our lack of compassion. There are very few locals who supported her views and many just dismissed her accusation as baseless.

When we come across such an article, instead of doing self-reflections, we are always quick to go into defensive and denial mode. In fact, this is not the first time that such an article was published online. What do we really need in order to make our citizens realize our bad culture? Instead of admitting our flaws, we are always quick to put down other negative opinions of us. We don't admit our character flaws and shrugged off criticisms as "noises". Personally, I am quite ashamed that even though our country managed to become one of the wealthiest nations on earth, our moral values has been gradually degenerating.

Nowadays, we no longer look out or reach out for our fellow Singaporeans. A recent incident validated my view. During a meeting break at one of the conference hotels, I witnessed a frail elderly man suffered a fall. He looked disoriented and had a minor cut. Even though there were many shoppers around, no one came forward to help the man. I lifted the man and found that he carried a card that stated that he suffered from dementia. As my iphone battery was flat, I tried to seek help from one of the stranger but she gave me a dirty look and ran off. I was quite sure that she is a local.

The above incidents may seem trivial. But let me share with you something of more concern. My wife used to work in one of the local banks and she told me that she witnessed far too many cases of siblings fighting over their parents' savings in her branches. Generally, most Singaporeans are only interested in their parents' money and not willing to take care of them.

Look, most of us don't bother to rationalize such things at all because we simply don't care any more. But let me tell you that we all grow old and will become sick one day. If we don't impart the correct moral values to the next generation, one day, we will be the next to suffer.

Magically yours