A highly unromantic Valentine Present for Old Turtle Wife

You must be thinking old and boring and unlomantic turtle, what could this old man be giving his wife?

Of course must be something practical and value for money present lah.

Sooo.... I decided to give my wife, cash $7,569.44 for her to do a voluntary contribution aka VC to her CPF Medisave account aka MA to meet the 2020 Basic Healthcare Sum aka BHS which is $60,000.

My turtle wife like to hoard cash, maybe cash gives a woman more security (personal opinion) 🤔. She will not VC to her CPF even I have explained to her multiple times the long term benefits. Not because she don't trust CPF system but she just felt more comfortable to keep cash in her bank savings account rather than locking them in CPF. Understandable logic like many s

Singaporean.

In that case, I decided to use part of my 2019 cash bonus to give her a Valentine present to boast her CPF MA so now her MA contribution from salary will be redirected to her Special Account aka SA to speed up her route to Full Retirement Sum aka FRS. 

She just said 'okay, thanks' after I did the transfer then went to sleep. I am expecting a bigger response 🙄, it's $7000 plus cash leh 😁, maybe if I buy her a small diamond ring worth $5,000, she will at least give me a kiss or a hug right 🤗. 

Nevermind, I know she will understand my motive in the future and thank me for doing this for her. 

She will get a few benefits out of this VC to MA, firstly tax relief and secondly 4% interest on this amount and finally turbo charged her SA to meet FRS. 

A highly unromantic, boring and yet practical V Day present for the turtle wife. 

What are your V Day presents for your wife, girlfriend, crash or 小三? ❤️😍😘

Conserving Cash While Staying Vested for Income

It was a pretty volatile January to kick start into 2020 with the widespread of CORONAVIRUS (AKA Wuhan Virus) and now renamed by WHO to COVID-19. 

Whatever is the name of this stupid and irritating Virus, it is pretty disruptive to our daily life as well. My company activated BCP (Business Continuous Plan) and started to have rotational shift to work from home and office just in case to avoid cross spreading of Virus within the company.

Ironically, unlike many others, Old Turtle don't really like to WFH (Work From Home) as I have two young children at home and it is pretty difficult to ask them to keep quiet while "Papa Turtle" is working in one of the common room. But worst case scenario, I have to do it if it's a company directive.

What did I do for my portfolio and what's the next plan?

As my warchest is running pretty low as I am heavily vested usually in the market, around 90-95% vested at most of the time. I took the opportunity to take profit from my HK/China positions while there were still some profits as of early Feb.

Obviously, I don't have a crystal ball to forecast future price movements so I am not sure if the stocks I sold would move up or down. Would I regret? Probably not so much.

My main purpose was to raise sufficient/meaningful level of cash to prepare for any downturn due to this epidemic.

On 4 Feb, I sold my HK listed China stocks, Haidilao, Meituan, Tencent and Alibaba with a small profit and raised around $50,000+ which is around 8-10% of my total portfolio.

The cash will go into my Warchest as dry bullets to prepare for any further escalation of the Virus globally (ex China).

My cash will be sitting in my CIMB FastSaver online cash account to earn 1+% pa of interest (without any further conditions) while I wait for the next opportunity in coming months. *Not an advert, just sharing*

https://www.cimbbank.com.sg/en/personal/products/accounts/savings-accounts/cimb-fastsaver-account.html

While I continued to stay vested in the market in SGX to collect dividends as part of my dividend income strategy.

Projected Dividends for 2020: $15,940.90 (Around 3.5% yield)

Stay Calm, Hide in My Turtle Shell and Stay Healthy - My Friends !!!