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Lim Boon Tat

Value investor. Tech investor. Father of two.

Lim Boon Tat

Mathematics at Cambridge University

About

Value investor. Tech investor. Father of two.

Credentials

Mathematics at Cambridge University

Lim Boon Tat

Mathematics at Cambridge University

  • Answers (80)
  • Questions (3)
  • Reviews (6)

Family

SG Budget Babe

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 04 Feb 2020
Less than $500. For simple wills, probably can get it done for $200? Quite a few law firms will get it done cheaply.
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Stocks Discussion

Investments

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 03 Feb 2020
Do they? All stock exchanges will have some dynamic systems in place to curtail speculative or excessive shorting behavior, but 10% (i assuming you mean within a trading day) seems relatively minor for them to step in and stop it artificially by suspending trading.
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Retirement

FIRE Movement

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 03 Feb 2020
More or less, pretty foolproof, except for the effects of inflation. For example, if you have 1M, based on 4% return, you will get 40k a year, totally live-able in Singapore. This works out to be $3,333 a month, which is roughly a 4k gross monthly income (after you take away 17% CPF, you are left with 3,333).
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Stocks Discussion

Investments

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 03 Feb 2020
Their valuation of the intrinsic value is fairly conservative (the dotted line). Based on your own calculations, you can probably get a higher valuation, justifying you going into the stock even when the price is slightly higher. Their library section is a good place to learn value investing though.
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Property

Investments

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 03 Feb 2020
Profit = Revenue - Costs In general, unless the rent is super super low, it’s very likely that even at a 60% loan, you can make some money. Quick illustration A 700sqft apartment at Commonwealth Towers sells at around $1900-2000 psf, and rents for about $5.50 -6 psf (monthly rent), which is $66 - 72 psf (annual). On first glance, if you look at this 66/1,900 = 3.5%, which probably not going to make much sense once you include ABSD, income tax (on the $66), property tax etc. But the key is leverage - if you can borrow money from the bank (let’s assume interest around 2% and you can borrow 60%), the equation changes. Instead of 1,900 psf, your cash commitment is only 760 (need to add absd), and now you are making $66 / 760 = 8.6%. Now we just need to tweak the $66 a little: reducing it to take into account the bank interest, property tax and some furniture depreciation, and tweak the 760 a little (need to add ABSD). Generally we don’t take into consideration income tax, it’s a good problem to have! (it means you have income!) There’s huge variability across properties in Singapore (the correlation between rental psf and price psf is not super strong), and you could probably find something that can give you 10%. However rental is highly volatile (it’s been going down last few years), and price will probably only appreciate slowly. Give me an upvote if you like my answer!
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Property

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 02 Feb 2020
In general, you are legally obliged to continue paying the rent until the end of your tenancy agreement. The landlord is not obligated to release you from the rest of the lease (and very unlikely to). What happens is that landlord will probably be ok if you can find someone to take over your lease.
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Investments

General

Savings Accounts

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 02 Feb 2020
To make 300k turn into 1M in 7 years (35 - 27) requires a CAGR of 18.77%. Not impossible, but not guaranteed in the next 7 years, and it will involve some level of volatility. Take some time to invest in your own education. This is certainly a good windfall, and certainly you are wayyy ahead of your peers. In this type of cases, i would follow Warren Buffet's two famous rules: Rule 1: Don't lose money Rule 2: Dont forget rule 1. Here's a more risk-averse perspective: Assuming retirement is another 39 years away (retire at 67), your 300k can easily turn into 1M with a 3.14% rate. easy peasy.
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Savings

Investments

Lifestyle

Savings Accounts

Credit Cards

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 02 Feb 2020
Hey! Education is the best investment, especially if you're starting late. There's tons of FIRE blogs are there, but if you're like most heartlanders in Singapore, with at least a 30 minute commute in the morning, i would suggest downloading the app Libby, where you can borrow ebooks from the National Library very user-friendly interface (wayyy better than the previous method of using Overdrive). It's super convenient, super easy, and works almost like kindle. My top recommendation is the following book available as an ebook via Libby Financial Freedom: A Proven Path To All The Money You Will Ever Need by Grant Sabatier. My personal review is that this book covers 95% of everything you need, including how to ask for a raise, how to start a side hustle, how to invest etc. If you need a great starting point, i think this is it. This was written by the blogger of millenialmoney.com and he also has a fairly informative podcast. Go check those out as well. I guess i will end with: for almost anything, the best time to start was yesterday. But the next best time is today. And you dont have to start perfect, or start 100%, you just have to start. And i think the above book will give you more than sufficient strategies/tactics to get started in 90% the right direction. I just want to add that all the "tactics" are available on the internet, but what's actually more important is the mindset. Are you clear on what are your financial goals? Best of your luck.
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Entrepreneurship

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 02 Feb 2020
With or without their consent?
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Entrepreneurship

FinTech

Seedly

Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 02 Feb 2020
Given the speed at which they launched, i'm going to guess Vue / React for frontend, and RoR / NodeJS for backend, hosted on AWS.
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